66.06 0.00 (0.00%)
After hours: 4:54PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||65.62 - 66.81|
|52 Week Range||63.88 - 85.30|
|PE Ratio (TTM)||14.01|
|Earnings Date||Apr 27, 2018|
|Forward Dividend & Yield||3.34 (5.16%)|
|1y Target Est||75.57|
Dominion Energy (D), the third-largest utility by market capitalization in the S&P 500 Utilities Index (XLU), is trading at a PE (price-to-earnings) valuation multiple of 19x. The stock seems to be trading at a large discount compared to its five-year valuation average of 24x. Duke Energy (DUK) stock, the second-largest utility, is currently trading at a PE multiple of 21x, while renewables titan NextEra Energy (NEE) is trading at a PE multiple of 22x.
Analysts expect Richmond-based Dominion Energy (D) to report earnings of $1.06 per share for the quarter ended on March 31, 2018. In the comparable quarter last year, it reported earnings of $0.97 per share. The estimates represent an increase of more than 9% in its per-share earnings year-over-year.
Broader utilities (XLU) have been on a losing streak for the last few months after peaking in November 2017. NextEra Energy (NEE) is currently trading at a PE (price-to-earnings) multiple of 22.0x against its five-year historical average PE of 21.0x. Thus, NextEra Energy stock seems to be trading at a premium to its historical average. NextEra Energy stock has rallied more than 5.0% while the broader utilities have corrected 2.0% so far this year.
Dominion Energy’s (D) ongoing merger with SCANA (SCG) hit another roadblock recently. According to a Bloomberg report dated April 19, 2018, the South Carolina state senate voted to reduce the money SCANA can collect from the ratepayers for a now-abandoned nuclear power project. Dominion Energy had earlier warned it would call off the deal if it’s prevented from recovering nuclear project costs from ratepayers.
Dominion Energy Inc.’s $7.9 billion takeover of troubled utility-owner Scana Corp. is looking even less likely to happen after a bill passed by South Carolina legislators late Wednesday.
“If this industry is going to go forward, we have to do something completely different," one nuclear expert told attendees of the State Energy Conference in Raleigh.
According to Wall Street analysts’ estimates, NextEra Energy (NEE), the biggest utility by market capitalization in the country, has a potential upside of more than ~5% going forward. NextEra Energy has a mean target price of $169.1. Currently, NextEra Energy is trading at $160.20.
NextEra Energy (NEE) is trading at a PE (price-to-earnings) multiple of 22x—compared to its five-year historical average PE multiple of 21x. NextEra Energy stock seems to be trading at a premium to its historical average. NextEra Energy, the top utility, is one of the most rallied stocks among the S&P 500 Utilities Index. NextEra Energy stock has soared more than 22% in the trailing 12 months and outperformed broader utilities.
US utility stocks have been sluggish for the last few months. Utilities that are sensitive to the interest rate have been on a downward streak since December 2017 mainly due to tax reforms, rate hikes, and valuation concerns. Utilities continued their downtrend last week. The Utilities Select Sector SPDR ETF (XLU) fell more than 1%, while broader markets rose more than 2% during the week.
COLUMBIA, S.C., April 17, 2018 /PRNewswire/ -- South Carolina could see more than $18.7 billion in increased economic output from the proposed merger of Dominion Energy, Inc. (NYSE:D), with SCE&G and its corporate parent, SCANA Corporation (SCG), according to a new study done by one of the state's leading economists. The benefits come from Dominion Energy's plan to provide direct cash payments and lower electric rates to SCE&G electric customers as well as the additional benefits created as the cash payments and customer savings work their way into the South Carolina economy.
SINGAPORE/LONDON, April 16 (Reuters) - The first contractual liquefied natural gas (LNG) cargo from Dominion Energy Inc's newly constructed Cove Point LNG export plant in Maryland in the United States left the facility on Monday, Thomson Reuters Eikon ship tracking data showed. The cargo is expected to act as a drag on spot LNG prices (LNG-AS) as it coincides with the resumption of exports of the fuel from the Papua New Guinea LNG plant, which had been shut following a powerful earthquake. The 160,000-cubic metre LNG tanker Adam LNG left Cove Point on Monday with a draft of 91 percent, suggesting it was full, according to the data.
Southern Company (SO) stock witnessed a massive fall in December 2017, and the stock has since been sluggish. According to the Wall Street analyst consensus, Southern Company stock offers a potential upside of more than 5% for the next one year. It has given a mean price target of $46.1 and it’s presently trading at $43.8.
How Do Southern Company’s Valuations and Ratings Look? Southern Company (SO) stock has been weak for the last few months, largely mirroring broader utilities’ performances. Due to this correction, many utility stocks from the S&P 500 Utilities Index are looking attractive from a valuation perspective.
RICHMOND, Va., April 13, 2018 /PRNewswire/ -- Dominion Energy is expanding its Solar for Students program in Virginia to give more students the chance to observe and learn how power is generated by the sun. The hands-on learning program provides a permanent solar array right outside the classroom and the materials, training and curriculum needed to engage children in learning the science behind renewable energy.
CAYCE, S.C. , April 12, 2018 /PRNewswire/ -- SCANA Corporation (NYSE:SCG) will release its first quarter 2018 earnings on Thursday, April 26, 2018 , before the market opens. Due to the pending combination ...
According to Wall Street analysts’ consensus, Dominion Energy (D) stock offers an alluring estimated upside of more than 16% for the next 12 months. The company has a mean target price of $75.5—compared to its current market price of $64.9.
Dominion Energy’s (D) dividend yield peaked at its historical high largely due to the abrupt fall in its stock in the past few months. Currently, Dominion Energy is trading at a yield of 5.1%, while its five-year historical average dividend yield is ~3.6%.
Dominion Energy (D) stock, the third-largest utility by market capitalization in the S&P 500 Utilities Index (XLU), is trading at a PE (price-to-earnings) valuation multiple of 19x. The stock seems to be trading at a large discount compared to its five-year valuation average of 24x.
There hasn’t been any respite for Dominion Energy (D) investors. The stock has corrected almost 20% YTD (year-to-date). Dominion Energy stock has severely underperformed broader utilities (XLU) (IDU). The company has been on a notable downtrend since the announcement about buying SCANA (SCG) early this year. In comparison, Duke Energy (DUK) and Southern Company (SO) have fallen almost 8% YTD.
RICHMOND, Va. , April 10, 2018 /PRNewswire/ -- The Dominion Energy Cove Point (DECP) liquefied natural gas (LNG) terminal has entered commercial service for natural gas liquefaction and export. After completing ...
In this part, we’ll discuss some the of top utilities’ total returns. Utilities (XLU) at large returned 1% in the trailing 12 months, while broader markets returned 12% during the same period. We considered the dividends paid and stock appreciation in a particular period to calculate the total returns.
Broader utilities are currently trading at a dividend yield of 4.2%—a significant premium to ten-year Treasuries yielding ~2.80%. Broader markets yield ~1.9%.
Currently, NextEra Energy (NEE) is trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 14x, while its five-year historical average valuation is near 12x. NextEra Energy appears to be trading at a significant premium to its historical average.