D - Dominion Energy, Inc.
89.10 -0.15 (-0.17%)
After hours: 6:06PM EST
| Previous Close | 87.84 |
| Open | 87.80 |
| Bid | 88.75 x 1200 |
| Ask | 89.15 x 800 |
| Day's Range | 87.72 - 89.32 |
| 52 Week Range | 72.61 - 89.32 |
| Volume | 2,831,787 |
| Avg. Volume | 3,032,027 |
| Market Cap | 73.988B |
| Beta (5Y Monthly) | 0.27 |
| PE Ratio (TTM) | 51.59 |
| EPS (TTM) | 1.73 |
| Earnings Date | Apr 30, 2020 - May 04, 2020 |
| Forward Dividend & Yield | 3.76 (4.28%) |
| Ex-Dividend Date | Feb 26, 2020 |
| 1y Target Est | 89.27 |
- Thomson Reuters StreetEvents
Edited Transcript of D earnings conference call or presentation 11-Feb-20 4:00pm GMT
Q4 2019 Dominion Energy Inc Earnings Call
- Zacks
Utility ETFs Gain Despite Mixed Q4 Earnings
Here we look at some of the ETFs with strong exposure to three utility bigwigs post their Q4 earnings releases.
- TheStreet.com
Dominion Energy May Have Reached a Plateau on the Charts
In his second "Executive Decision" segment of Mad Money Friday night, Jim Cramer welcomed back Tom Farrell, chairman, president and CEO of Dominion Energy , the mid-Atlantic utility with a 4.3% dividend yield. In this daily bar chart of D, below, we can see that prices have been in an uptrend the past 12 months. The daily On-Balance-Volume (OBV) line has been positive and so is the Moving Average Convergence Divergence (MACD) oscillator.
- Zacks
The Zacks Analyst Blog Highlights: Mastercard, Comcast, Honeywell International, QUALCOMM and Dominion Energy
The Zacks Analyst Blog Highlights: Mastercard, Comcast, Honeywell International, QUALCOMM and Dominion Energy
- PR Newswire
Dominion Energy, Facebook Add to Partnership on Renewable Energy in Virginia
Dominion Energy and Facebook are continuing their joint effort to increase renewable energy generation by adding a new solar facility in Greensville County, Va., to the list of those that will be dedicated to Facebook.
- American City Business Journals
Dominion takes bigger stake in Atlantic Coast Pipeline as costs rise again
The deal makes Dominion the majority partner in the Atlantic Coast Pipeline with a 53% stake. Duke Energy Corp. is now the minority partner, with its share remaining at 47%.
- Zacks
Dominion Energy (D) Q4 Earnings Top, Revenues Miss Estimates
Dominion Energy's (D) earnings surpass estimates on the back of strong contribution from segments. The company initiates its earnings per share guidance for 2020.
- PR Newswire
Dominion Energy Sets New Goal of Net Zero Emissions by 2050
Dominion Energy today announced a significant expansion of the company's greenhouse gas emissions-reduction goals, establishing a new commitment to achieve net zero emissions by 2050. The goal covers carbon dioxide and methane emissions, the dominant greenhouse gases, from our electricity generation and gas infrastructure operations. The strengthened commitment builds on the company's strong history of environmental stewardship, while acknowledging the need to further reduce emissions consistent with the findings of the United Nations' Intergovernmental Panel on Climate Change. It is also a recognition of the increased expectations and interest, among customers as well as employees, in building a clean energy future.
- PR Newswire
Dominion Energy Announces Fourth-Quarter and Full-Year 2019 Earnings
Dominion Energy (NYSE: D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended Dec. 31, 2019, of $1.1 billion ($1.32 per share) compared with net income of $641 million ($0.97 per share) for the same period in 2018. Reported earnings for the twelve months ended Dec. 31, 2019, were $1.4 billion ($1.73 per share) compared with earnings of $2.4 billion ($3.74 per share) for the same period in 2018.
- Zacks
Key Predictions for D and EXC Q4 Earnings Slated on Feb 11
Let us focus on the Utilities that are scheduled to release Q4 earnings on Feb 11.
- PR Newswire
Five Trailblazers Named 2020 'Strong Men & Women in Virginia History'
Dominion Energy and the Library of Virginia celebrated the achievements of five African-American leaders during the eighth annual "Strong Men & Women in Virginia History" awards program held Thursday, Feb. 6, at the Richmond Marriott. The program honors prominent African Americans past and present who have made noteworthy and admirable contributions to the commonwealth, the nation and their professions.
- Zacks
Dominion Energy (D) Outpaces Stock Market Gains: What You Should Know
Dominion Energy (D) closed the most recent trading day at $85.27, moving +0.41% from the previous trading session.
- PR Newswire
Dominion Energy Changes Time of Fourth-Quarter Earnings Conference Call to 11 AM ET
Dominion Energy, Inc. (NYSE: D) will host its fourth-quarter earnings conference call at 11 a.m. ET on Tuesday, Feb. 11, 2020. The new call time is one hour later than previously announced so as to avoid conflicting with the earnings call of a peer utility company. Management will discuss fourth-quarter financial results and other matters of interest to the financial community.
- Zacks
What's in the Cards for Dominion Energy's (D) Q4 Earnings?
Dominion Energy's (D) Q4 earnings are likely to have gained from contribution from Southeast Energy Group and ongoing regulated investments.
- Zacks
Dominion Energy (D) Earnings Expected to Grow: Should You Buy?
Dominion Energy (D) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Bloomberg
The U.S. May Soon Have the World's Oldest Nuclear Power Plants
(Bloomberg) -- Bonnie Rippingille looked out at the wisps of steam curling from the Turkey Point Nuclear Power Plant across Biscayne Bay with a sense of dread. In December federal regulators approved Florida Power & Light Co.’s request to let the facility’s twin nuclear reactors remain in operation for another 20 years beyond the end of their current licenses. By that point they’ll be 80, making them the oldest reactors in operation anywhere in the world.“That’s too old,” said Rippingille, a lawyer and retired Miami-Dade County judge who was wearing a blue print shirt with white sea turtles on it. “They weren’t designed for this purpose.”With backing from the Trump administration, utilities across the nation are preparing to follow suit, seeking permission to extend the life of reactors built in the 1970s to the 2050s as they run up against the end of their 60-year licenses.Read More: Nuclear Reactors Could Run as Long as 80 Years Under Trump Plan“We are talking about running machines that were designed in the 1960s, constructed in the 1970s and have been operating under the most extreme radioactive and thermal conditions imaginable,” said Damon Moglen, an official with the environmental group Friends of the Earth. “There is no other country in the world that is thinking about operating reactors in the 60 to 80-year time frame.”Indeed, the move comes as other nations shift away from atomic power over safety concerns, despite its appeal as a carbon-free alternative to coal and other fossil fuels. Japan, which used to get more than a quarter of its electricity from nuclear power, shut down all its plants in 2011 after a tsunami caused a nuclear meltdown at three reactors in Fukushima. Only a handful have restarted while others that can’t meet stringent new standards are slated to close permanently. Germany decided that year to shutter its entire fleet by 2022 and is now having trouble meeting its ambitious climate goals. Other nations such as France and Sweden are allowing reactors to retire while they diversify into solar and wind power.By contrast, the U.S. Nuclear Regulatory Commission is poised to decide this year on requests by subsidiaries of Exelon Corp. to extend the life of two nuclear reactors at its Peach Bottom Atomic Power Station in Pennsylvania, about 100 miles from Washington, and Dominion Energy Inc. to extend the life of two nuclear reactors at a power plant in Surry, Virginia.Dominion has notified the commission it intends to ask permission to extend the life of two more reactors north of Richmond, Virginia. Duke Energy Corp. has said it plans to seek license extensions for its entire fleet of 11 nuclear reactors, starting with three in Seneca, South Carolina.“There are economic benefits,” said Rounette Nader, Duke’s director of nuclear license renewal. “Continuing to operate our existing nuclear fleet is cheaper than replacing it.”The nuclear industry has been buffeted by a wave of early reactor retirements in the face of competition from cheap natural gas and subsidized renewable power. Constructing a new nuclear plant—the only one being built in the U.S. is years behind schedule and over budget—can cost billions of dollars. Retrofitting an existing one is more likely to be in the hundreds of millions of dollars range.Read More: America to Decide Whether a Nuke Can Outlive a Human “It just makes sense,” said Maria Korsnick, president of the Nuclear Energy Institute, a Washington-based trade group that represents nuclear utilities. “I don’t think you should look at a plant just on calendar years, but rather the way that plant has been maintained, so many components have been replaced over the years. There is nothing magic about 80.”Critics such as Edwin Lyman, a nuclear energy expert with the Union of Concerned Scientists, argue that older plants contain “structures that can’t be replaced or repaired,” including the garage-sized steel reactor vessels that contain tons of nuclear fuel and can grow brittle after years of being bombarded by radioactive neutrons. “They just get older and older,” he said. If the vessel gets brittle, it becomes vulnerable to cracking or even catastrophic failure. That risk increases if it’s cooled down too rapidly—say in the case of a disaster, when cold water must be injected into the core to prevent a meltdown.Other concerns surround the durability of components such as concrete and electric cables, but an advisory board to the Nuclear Regulatory Commission, the independent government agency that gave Turkey Point the green light to operate into the 2050s, said those risks could be managed safely “without undue risk to the health and safety of the public.”The commission’s decision doesn’t sit well with Philip Stoddard, a bespectacled biology professor who serves as the mayor of South Miami, a city of 13,000 on about 18 miles away from the Turkey Point plant. He keeps a store of potassium iodide, used to prevent thyroid cancer, large enough to provide for every child in his city should the need arise.“You’ve got hurricanes, you’ve got storm surge, you’ve got increasing risks of hurricanes and storm surge,” said Stoddard, 62, from the corner office in a biology building on Florida International University’s palm-tree lined campus. All of this not only increases the likelihood of a nuclear disaster, it also complicates a potential evacuation, which could put even more lives at risk. “Imagine being in a radiation cloud in your car and you’re sitting there running out of gas because you’re in a parking lot in the freeway,” he said.Gabriel Ignetti, a 72-year-old Miami resident and retired music teacher, views nuclear power as a lesser evil than climate change and welcomes extending the life of the plant. “We have a climate emergency,” he said, “and if you have a climate emergency you can’t say we are not going to use that tool.”That’s a point backers also highlight to make the case for extending the lives of nuclear power plants. Nuclear energy provides about 20% of the nation’s electricity and about 55% of the nation’s carbon-free energy.Climate change is also one of the main cases against extending the life of Turkey Point, said Kelly Cox, the general counsel for Miami Waterkeeper, a six-person environmental group that has joined with the Natural Resources Defense Council and Friends of the Earth to challenge the NRC’s approval in the United States Court of Appeals for the District of Columbia Circuit. New data show sea level rise in the area reach as high as 4.5 feet by 2070, but regulators from the Nuclear Regulatory Commission didn’t take those updated figures into account, said Cox.“They are going to be flooded,” Cox said. “If we are relicensing a major utility we need to be preparing for the impacts of sea level rise.”Scott Burnell, a NRC spokesman, said the agency’s review process did take into account the most recent information available on sea level rise, but that “the projected rate of sea level rise and associated revisions in flood hazard are slow enough that the plants will have ample time to appropriately analyze and address possible future effects.”Read More: U.S. Nuclear Power Plants Weren’t Built for Climate ChangeOther concerns exist about the condition of the plant’s unlined earthen cooling canals, a unique system that sprawls over nearly six thousand acres. Salty water from the canals is leaking underground toward the Biscayne aquifer, the source of drinking water for about 3 million Floridians, at a rate of about a foot a day, Cox said.Peter Robbins, a spokesman for Florida Power & Light Co., a subsidiary of NextEra Energy Inc., said the utility is addressing that problem using a series of pumps to decrease the salinity in the cooling canals. The main power plant and its critical component are elevated 20 feet above sea level and are protected by concrete and reinforced buildings designed to withstand hurricanes and floods.“At the end of the day it’s a very clean, reliable source of electricity,” Robbins said. “More than anything we think this is a win for our customers. It helps keep their reliability high, it helps keep their bills low, and there are no greenhouse gases as part of nuclear.”In the city of Homestead, not far from the Turkey Point plant, Brian Goodwin, a burly 52-year-old farmer, said he didn’t believe in climate change, but supports the reactors’ extension nonetheless. “I hope they build another one,” said Goodwin. “It’s good clean power.”(Updates location of the challenge petition in the 17th paragraph; corrects Edwin Lyman’s name in the 11th paragraph.)To contact the author of this story: Ari Natter in Washington at anatter5@bloomberg.netTo contact the editor responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth WassermanJillian GoodmanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- PR Newswire
Dominion Energy Awards $50,000 to Regional Arts Nonprofits
Five nonprofit arts organizations recently were honored as 2020 Dominion Energy ArtStars for inspiring people of all ages in creative endeavors. The organizations represent five regions across Virginia with annual operating budgets under $1 million. Each received a $10,000 grant to support their winning arts or cultural education program.
- Zacks
Dominion Energy (D) Stock Moves -0.84%: What You Should Know
In the latest trading session, Dominion Energy (D) closed at $85.75, marking a -0.84% move from the previous day.
- Moody's
Public Service Co. of North Carolina, Inc. -- Moody's upgrades SCANA to Baa3 and DESC to Baa2; downgrades PSNC to Baa1. All outlooks are stable.
Moody's Investors Service, ("Moody's") today upgraded the long-term ratings of SCANA Corporation (to Baa3 senior unsecured from Ba1) and Dominion Energy South Carolina, Inc. (DESC, to Baa2 long-term issuer rating from Baa3) and upgraded the short-term commercial paper rating of DESC to P-2 from P-3. At the same time, the senior unsecured ratings for Public Service Co. of North Carolina, Inc. (PSNC) were downgraded to Baa1 from A3, due to a weakened financial profile.
- Zacks
CMS Energy (CMS) Misses on Q4 Earnings, Tweaks EPS View
CMS Energy's (CMS) operating revenues of $1,795 million miss the Zacks Consensus Estimate by 4.4% and fall 1.9% on a year-over-year basis.
- Zacks
Xcel Energy (XEL) Q4 Earnings Beat Estimates, Revenues Miss
Higher electric and natural gas margin drive Xcel Energy's (XEL) Q4 earnings.
- American City Business Journals
Virginia's attorney general asks Supreme Court to block Duke Energy-backed pipeline
Attorney General Mark Herring filed an amicus brief in the appeal from the Fourth Circuit Court of Appeals that the Supreme Court is slated to hear next month on the $7.8 billion Atlantic Coast Pipeline.
- American City Business Journals
Duke Energy key to NC's strong ranking in energy efficiency
Duke Energy Carolinas remains the clear leader in promoting energy efficiency among utilities in the Southeast, states a new report from the Southern Alliance for Clean Energy.
- InvestorPlace
7 ‘A’-Rated Dividend Stocks That Provide Inflation-Beating Income
Shareholder friendly.Those two words sum up income stocks. It means these stocks have decided to take some of their net income and deliver it back shareholders on a regular basis.It means their businesses aren't run for the most growth, but for steady long-term wealth accumulation. Yes, the stocks rise and the companies grow, but some of that cash for expansion is returned to shareholders on a regular basis.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome industries are famous for their income -- real estate investment trusts, utilities, master limited partnerships. But usually, mature companies where explosive growth is no longer the driving force, are the most solid dividend payers. At my Growth Investor service, we own a stable of these companies in our Elite Dividend Payers portfolio.Here, while my Portfolio Grader found plenty of "A"-rated dividend stocks, I wanted to pick stocks that also delivered reliable dividends that would beat inflation as well. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy These seven "A"-rated dividend stocks to depend on all fit that bill except one, where growth is just too tempting to pass up, so its yield is a little light. Dividend Stocks to Buy: Southern Company (SO)Source: 360b / Shutterstock.com Dividend Yield: 3.6%Southern Company (NYSE:SO) is the second largest utility in the U.S. It runs the power companies for Georgia, Mississippi and Alabama. It also has extensive natural gas operations up and down the East Coast.It's the only utility in the U.S. that is building a new nuclear facility. Then its project management partner and nuke builder Westinghouse went bankrupt. That meant Southern had to take over the entire project.And it has done well. While the completion date has been pushed to 2021 or 2022, things are moving along on schedule.On the growth side, its massive natural gas distribution business as well as its renewable energy business are doing very well. And it's one of the best-run utilities out there.With a 3.6% dividend and 12-month return of 46%, SO stock is a rock-solid pick for any portfolio. Procter & Gamble (PG)Source: Jonathan Weiss / Shutterstock.com Dividend Yield: 2.4%Procter & Gamble (NYSE:PG) has been in business since 1837.Wrap your head around that. It has been around for more than 150 years. Martin Van Buren was president when PG launched in Ohio. J. P. Morgan was born that year. There were still border wars with First Nation tribes.When you have been around that long, it means you're doing something right from the boardroom down to the products.Now, there have been some challenges of late, as new generations of less brand-conscious consumers have hit the markets and PG had to readjust its product portfolio.But it is finally through that transition. PG has raised its dividend every year for the past 60 years. That is an accomplishment few stocks can make. And it's that kind of focus on shareholder value that makes this unique. * The 7 Stocks That Cautious Investors Should Sell Now The 2.4% dividend may not be huge, but it's consistent. And its 33% stock gain in the last year is also a nice kicker. However, if you do also want growth in your portfolio, there are better places to find it going forward. Equity Residential (EQR)Source: Shutterstock Dividend Yield: 2.7%Equity Residential (NYSE:EQR) is a Chicago-based real estate investment trust (REIT) that specializes in upscale apartments in some of the top cities in the U.S. You can find its properties in San Francisco, Los Angeles, New York, Washington, D.C., Boston, Seattle and more.In these types of cities, many people that work for big firms receive relocation allowances to find a place to live until they can settle in. Some firms even lease apartments and allow their employees to use them if they're in town on long-term assignments.That makes these cities' real estate needs unique. And that is a good thing for a niche player like EQR. It can keep its occupancy rate high, as well as its rates, because it offers top locations and quality accommodations in strategic cities.Now that prices in many of these cities have become incredibly expensive, renting has also become a real option for residents that want, and can afford, the convenience of downtown locations.The stock is up 18% in the past year and has a solid 2.7% dividend. Dominion Energy (D)Source: ying / Shutterstock.com Dividend Yield: 4.4%Dominion Energy (NYSE:D) is one of the leading utilities in the country. It can stretch its roots back to 1795, but in its most recognizable form, it's been around for a century.It supplies electrical power to Virginia (which is part of the internet backbone, houses the Pentagon and one of the largest shipbuilding plants in the world) and also has an extensive natural gas production and distribution network that covers the Eastern seaboard and beyond.Dominion also has a number of wholesale power generation plants that extend into the Midwest.Its Cove Point plant in Maryland is being converted from a natural gas import hub to an export port for liquified natural gas (LNG). It will be one of the few on the East Coast and will see a significant rise in business as export restrictions on LNG fall. Oil-and-gas logistics are actually a theme we're profiting from within our Growth Investor buy list. * 10 Stocks to Buy as the 2020 Presidential Election Approaches But overall, D is a solid, successful company that offers few surprises. And that's a good thing for an income stock. In the past year Dominion stock was up 21%, and it continues to deliver a rock-solid dividend, now yielding 4.4%. Leidos (LDOS)Source: Jer123 / Shutterstock.com Dividend Yield: 1.3%Leidos (NYSE:LDOS) isn't throwing off a staggering dividend yield, at 1.3%. But this is a growing, dynamic company that is well positioned for the future of defense and security in the U.S. and beyond.It has a storied history that stretches back to 1969. And it has been a private contracting institution since its early days. It has worked on some of the biggest scientific challenges the U.S. government has come up against in the past 50 years.And now, it is focused on aerospace technologies. A recent $1.7 billion merger with aerospace firm Dynetics was announced just a month ago.This put LDOS in prime position for all the space work that is heating up both on the government side -- the Space Force -- and the private side -- the big defense contractors that build the equipment for the government.As a smaller player in the aerospace and defense sector, it can leverage its growth because it is more concentrated.But given the fact that all the major industrial powers now have active aerospace programs, this is the next frontier. And LDOS is already a reliable partner.And while the dividend isn't a big driver, the fact the stock is up 80% in the past year yet sits at a price-to-earnings ratio of 22 means that growth is just beginning. Carlyle Group (CG)Source: Casimiro PT / Shutterstock.com Dividend Yield: 3.6%Carlyle Group (NASDAQ:CG) is one of my favorite companies when it comes to foundational stocks that deliver solid dividends.It's a private equity firm that continues to draw exclusive clients from the corridors of power around the world. The kind of people and families that make decisions that make business happen.You know, royal families from the Middle East. Political dynasties in the U.S. World leaders from around the globe.But CG has always been discreet. It does deals, makes its money, disburses it to shareholders and keeps a low profile in a business that is often just as much about headlines as assets under management. It's the kind of business that deserves consideration for any Growth Investor.It's a steady hitter, not a swing for the fences kind of operation. * The 10 Best Value Stocks to Own in 2020 But it certainly delivers for shareholders. In the past 12 months, CG stock was up a stunning 95%, yet it continues to deliver a bountiful 3.6% dividend. And it has done all this with a trailing price-to-earnings ratio of … 12. PennyMac Mortgage Investment Trust (PMT)Source: Shutterstock Dividend Yield: 8.1%PennyMac Mortgage Investment Trust (NYSE:PMT) is one of my favorite stocks now because it's well positioned for all the good things happening in today's economy.With interest rates low, a solid economy, low unemployment and confident consumers, the housing market is well positioned for strong growth.PennyMac is a great way to play this trend.It doesn't own properties, it manages the mortgages of residential properties. It originates them, manages them, bundles them and resells them.Plus, it's set up as REIT, which means it is obligated to pay its net income back to shareholders, and it chooses to do that via its hefty dividend of 8.1%. Plus, the Tax Cuts and Jobs Act now allows REIT investors to deduct 20% of their dividend. Then, the remainder is taxed at the shareholder's marginal rate. Check with your tax professional for more details.The stock is up a solid 19% in the past year and it still trades at a single-digit P/E.That being said, in the big picture, there's been a major development in the technology field I'm especially keen on now: artificial intelligence (AI) The AI Master KeyIf artificial intelligence sounds futuristic, even far-fetched -- well, keep in mind, you're already using it every day. If you've ever used Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google Assistant or Apple's (NASDAQ:AAPL) Siri … if you've had Netflix (NASDAQ:NFLX) recommend a movie or Zillow (NASDAQ:Z) recommend a house … even an email spam filter … then you've used artificial intelligence.In this new world of AI everywhere, data becomes a hot commodity.As scientists find even more applications for artificial intelligence -- from hospitals to retail to self-driving cars -- it's incredible to imagine how much data will be involved.To create AI programs in the first place, tech companies must collect vast amounts of data on human decisions. Data is what powers every AI system. As one AI researcher from the University of South Florida puts it, "data is the new oil."To cash in, you'll want the company that makes the "brain" that all AI software needs to function, spot patterns and interpret data.It's known as the "Volta Chip" -- and it's what makes the AI revolution possible.You don't need to be an AI expert to take part. I'll tell you everything you need to know, as well as my buy recommendation, in my special report for Growth Investor, The A.I. Master Key. The stock is still under my buy limit price -- so you'll want to sign up now. That way, you can get in while you can still do so cheaply.Click here for a free briefing on this groundbreaking innovation.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post 7 'A'-Rated Dividend Stocks That Provide Inflation-Beating Income appeared first on InvestorPlace.
