|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||74.48 - 76.36|
|52 Week Range||61.53 - 85.30|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||15.77|
|Earnings Date||Jan 28, 2019 - Feb 1, 2019|
|Forward Dividend & Yield||3.34 (4.42%)|
|1y Target Est||74.20|
RICHMOND, Va. (AP) — A massive winter storm delayed a closely watched vote in Virginia on a natural gas pipeline compressor station that's been the frequent target of protests.
The market has been volatile as the Federal Reserve continues its rate hikes to normalize the interest rates. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by about 4 percentage points through November 16th. SEC filings and hedge fund […]
U.S. equities have suffered from another bout of harrowing volatility this week as investors scramble to survive this bear market. The Dow Jones Industrial Average is threatening to fall below its multi-month support level to return to lows not seen since the beginning of the year. If those February lows are violated, watch for a possible reversal of much of the 2017 Trump tax cut rally.
Dominion Energy (D), the third-largest utility holding company, is valued at $49.5 billion. Its stock has risen decently over the past two months, by ~10%, though it is down 5% year-to-date. The company has almost completed its purchase of SCANA (SCG) and announced last month that it would be acquiring its MLP subsidiary, Dominion Energy Midstream (DM). The transaction, likely to be completed by Q1 2019, isn’t expected to affect Dominion Energy’s earnings guidance or credit.
RICHMOND, Va., Dec. 6, 2018 /PRNewswire/ -- Dominion Energy is being recognized as one of the most effectively managed companies in the U.S. and for its longstanding commitment to veterans and their families. This year's Management Top 250, published by The Wall Street Journal, ranks the best run U.S. companies based on customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. "In this ranking The Journal recognizes that Dominion Energy is committed to our customers and our employees while delivering value in every aspect of our business," said Thomas F. Farrell, II, chairman, president and chief executive officer.
Analysts expect flattish movement from NextEra Energy (NEE) stock based on the median target price of $183.12 and its current price of $182.17. Analysts seem optimistic about NextEra Energy. On December 4, 78% of the analysts tracking NextEra Energy had a “buy” recommendation. None of the analysts had a “sell” recommendation on the stock. UBS raised NextEra Energy’s target price from $195.0 to $209.0 last week.
Utilities witnessed a solid uptrend mainly after the Fed delivered the third interest rate hike in 2018. Duke Energy (DUK) stock, one of the top gainers, has risen more than 15% during the same period. The stock hit a new 52-week high on December 4. Let’s take a look at where Duke Energy stock could go from the current levels. Duke Energy is trading at $90.0, which is almost 8% and 13% above its 50-day and 200-day moving average levels, respectively. The fair premium to both of the support levels highlights the strength in the stock. The levels close to $83.74 and $79. ...
Among the top utilities, NextEra Energy (NEE) is trading at a forward PE multiple of 22x based on analysts’ estimated EPS for the next year. NextEra Energy is one of the top-rallied stocks in 2018. The stock appears to be trading at a premium compared to its historical valuation and its peers. NextEra Energy’s five-year historical average valuation is ~20x. At the same time, peers’ average forward PE multiple is close to 17x.
Among the top utilities, Duke Energy (DUK), the second-biggest utility by market cap, stock beat its peers in November. The stock rose more than 8%, while NextEra Energy (NEE) stock rose 6%. Southern Company (SO) and Dominion Energy (D) gained 5% and 2%, respectively, in November. Utilities rose more than 2%. The SPDR S&P 500 ETF (SPY), an indicator of broader markets, rose marginally last month.
None of those names are solid setups headed into Tuesday’s trading, but the stock charts of Morgan Stanley (NYSE:MS), Ross Stores (NASDAQ:ROST) and Dominion Energy (NYSE:D) are worth a closer look. Morgan Stanley was one of the stock charts in focus a couple of weeks ago, when MS stock peeled back from a familiar, established technical ceiling. In fact, it’s still technically trapped in the downtrend framed by that falling resistance level.
LONDON/SINGAPORE, Dec 4 - Several large liquefied natural gas (LNG) players have tried to offload their obligation to buy future cargoes from the United States, shedding excess commitments made years ago in the rush for new sources and commercial terms for the fuel. The sale of multi-year "strips" of LNG cargoes represent portfolio adjustments by the buyers rather than backlash against U.S. gas, several Asian and Europe-based traders said. Australia's Woodside Petroleum, GAIL (India) and Indonesia's Pertamina have all recently marketed strips they are obliged to buy from Cheniere Energy's Corpus Christi or Dominion Energy's Cove Point terminals from 2019, traders said.
LONDON/SINGAPORE, Dec 4 - Several large liquefied natural gas (LNG) players have tried to offload their obligation to buy future cargoes from the United States, shedding excess commitments made years ago in the rush for new sources and commercial terms for the fuel. Australia's Woodside Petroleum, GAIL (India) and Indonesia's Pertamina have all recently marketed strips they are obliged to buy from Cheniere Energy's Corpus Christi or Dominion Energy's Cove Point terminals from 2019, traders said.
Last week, UBS raised its target prices for many utility stocks. NextEra Energy (NEE) stock has an estimated upside of 0.8% based on its median target price of $183.1 and its current market price of $181.7. UBS increased NextEra Energy’s target price from $195.0 to $209.0 last week.
Cheniere (LNG) currently exports to around 30 countries worldwide, as the firm aims at turning the natural gas glut in the United States into export revolution.
The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 Utilities, gained 2.7%, while the S&P 500 rose almost 5% last week. Fewer interest rate hikes hinted by Fed Chairman Jerome Powell and a notable increase in technology shares pulled the markets up last week.
Dominion Energy (D) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Dominion Energy (D), the third largest utility stock by market cap in the country, is currently trading at a dividend yield of 4.5%, notably higher than the broader utilities’ average. Dominion Energy’s current yield is also higher than its five-year average yield around 3.8%. It has a long dividend payment history and has paid a quarterly cash dividend for 362 consecutive quarters.
Dominion Energy (D) stock has a median target price of $74.2—compared to its current price of $74.11, which implies flattish movement over the next 12 months. Wall Street analysts seem to be cautious about Dominion Energy stock. Of the 15 analysts tracking Dominion Energy, two recommended a “strong buy,” three recommended a “buy,” and ten recommended a “hold.”
SINGAPORE/LONDON, Nov 30 (Reuters) - Gail India is proposing to swap three liquefied natural gas (LNG) cargoes across the first quarter of next year, trade sources said on Friday. The Indian importer has 20-year deals to buy 5.8 million tonnes a year of U.S. LNG, split between Dominion Energy's Cove Point plant and Cheniere Energy's Sabine Pass site. With few LNG tankers available to ferry the fuel to India, Gail has already struck swap deals for a chunk of its Sabine Pass and Cove Point volumes.
Falling oil prices have created a conundrum for Chesapeake (NYSE:CHK). Now, just ahead of CHK’s upcoming merger with WildHorse Resource (NYSE:WRD), CHK stock has become riskier Still, despite the risks of falling oil prices and the added costs of the merger, natural gas can still enable CHK stock to make a comeback. After oil prices plunged a few years ago, the company found itself struggling to survive as its shares reached penny-stock status, with the market cap of CHK stock falling well below the company’s debt load.
On November 27, implied volatility of Dominion Energy (D) stock was at 16%, close to its 15-day average implied volatility. The Utilities Select Sector SPDR ETF (XLU) recorded implied volatility of 15% while the SPDR S&P 500’s implied volatility was beyond 16%. Generally, broader markets’ implied volatility levels are lower than utilities at large.
Dominion Energy (D) stock is currently trading at $74.11, almost 3% and 7% above its 50-day and 200-day moving averages, respectively. The premium to both support levels indicates strength in the stock. The levels, around $71.96 and $69.36, could act as support for Dominion Energy stock in the short term.