Dominion Energy, Inc. (D)
NYSE - NYSE Delayed Price. Currency in USD
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81.72+0.58 (+0.71%)
At close: 4:02PM EDT
81.72 0.00 (0.00%)
After hours: 4:20PM EDT
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81.72 0.00 (0.00%)
After hours: 4:20PM EDT
Mainly, the company will "re-base" its dividend from an annualized rate of $3.76 per share to $2.50, effective in Q4. The dividend cut follows a reduction in projected 2020 earnings per share guidance from $4.25 to $4.60 to a new range of $3.37 to $3.63.Jul 7, 2020
https://www.bloomberg.com/news/articles/2020-09-01/biggest-u-s-utility-says-going-green-may-cost-you-58-a-month
Duke Energy Corp., the nation’s largest electric utility, says it can cut greenhouse gas emissions more than 70% in the next 15 years in North and South Carolina -- but doing so could cost customers up to $58 a month.
Duke Energy Corp., the nation’s largest electric utility, says it can cut greenhouse gas emissions more than 70% in the next 15 years in North and South Carolina -- but doing so could cost customers up to $58 a month.
www.bloomberg.com
https://www.prnewswire.com/news-releases/dominion-energy-provides-update-on-closing-of-gas-transmission-storage-assets-sale-and-status-of-share-repurchases-301141532.html
Upgraded by JPMorgan Chase Neutral » Overweight USD 82 » USD 84
Here's what Dominion's CEO Thomas Farrell told analysts on the firm's fourth-quarter 2018 conference call:
"We recognized that it (dividend growth) is not going to be 10% in 2020, highly unlikely. And over time, we will bring the dividend growth rate, not going to be a cut in our dividend, that’s not even in contemplations, the notions will bring our growth rate of our dividends more in line with our peers after this year."
I know the div cut has already been announced but i'm betting that the general public doesn't realize it yet.
I'm going to split this proceed between DUK, AEP and FE. (a contrarian play)
FE's story is: There was a political parasite in ohio that pulled off a lobbying scam and got himself arrested. FE didn't do anything wrong, nor did they hold anything that was even involved at the time (they spun off that company and had no more interest in it). The story is interesting but i'm thinking the market overreacted and sold off FE.
It's a risk/reward judgement.
I'm holding just 1000 shrs now.
nice.
I'm completely out of this stock now. The div on this is getting cut and as soon as the public realizes this....
GLTA.
At this time, Dominion Energy has an average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Dominion Energy has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Looks like years of pain folks.............
A big trump fake conspiracy. he went in for post nasal drip and ordered the meds staff to say it was covid to make him superman. Another lie form the great fraud