|Bid||0.00 x 800|
|Ask||0.00 x 1200|
|Day's Range||70.79 - 72.00|
|52 Week Range||61.53 - 85.30|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||15.80|
|Earnings Date||Nov 5, 2018|
|Forward Dividend & Yield||3.34 (4.65%)|
|1y Target Est||73.29|
RICHMOND, Va., Oct. 13, 2018 /PRNewswire/ -- A workforce of more than 6,000 personnel, including Dominion Energy employees, contractors, and line workers on loan from neighboring utilities, is making substantial progress in restoring service in the aftermath of Tropical Storm Michael. As of 3 p.m. Saturday, we have restored service to nearly 80 percent of the 600,000 customers who lost power.
RICHMOND, Va., Oct. 12, 2018 /PRNewswire/ -- Dominion Energy will continue to work around the clock and throughout the weekend to restore service to customers who lost power in the wake of Tropical Storm Michael. "We've dedicated more than 6,000 people to this restoration effort, including mutual aid crews from other states that are here to assist us," said Ed Baine, senior vice president – Electric Distribution.
CLEVELAND, Oct. 12, 2018 /PRNewswire/ -- Dominion Energy Ohio reminds customers that an annual professional inspection of their furnace and other natural gas appliances can help ensure year-round safety, comfort and economy. This fall Dominion Energy Ohio is offering home energy assessments for just $50 through its Home Performance with ENERGY STAR® program. This service, administered by CLEAResult, includes a free carbon monoxide (CO) detector, water heater pipe wrap, an energy-saving shower head and kitchen and bathroom faucet aerators.
RICHMOND, Va., Oct. 12, 2018 /PRNewswire/ -- Dominion Energy restoration crews are out in force this morning and will continue to make repairs and restore service to 585,000 customers in Virginia and North Carolina who lost power due to Tropical Storm Michael. The heavy rain and wind damaged electric infrastructure and brought down trees on power lines in several regions served by the company. "As we begin this multi-day restoration effort, we appreciate the patience of our customers and urge them to stay safe and mindful of electric wires that may be hidden by downed trees or flooded streets," said Ed Baine, senior vice president - Electric Distribution.
NextEra Energy (NEE) and Dominion Energy (D) are among the fastest growing utilities. Both of the utilities aim to grow their earnings ~7% annually, while broader utilities are expected to grow ~4% for the next few years. Their superior earnings growth will likely fuel above-average dividend growth as well.
Utility stocks could become more popular soon. Amid the trading volatility of recent days, many of the stock market’s usual best performers made a hard turn downward. Such moves cause many investors to rethink their investing strategies.
Despite the lower yield, NextEra Energy’s (NEE) dividend profile looks attractive, mainly due to its dividend growth. In the last five years, the company has increased its dividends more than 10% compounded annually. Utilities (XLU) at large increased their dividends ~4% compounded annually during the same period.
Utilities generally offer superior dividend yields compared to broader markets. Currently, utilities (XLU) yield ~3.5%, which is a yield premium of ~170 basis points over broader markets and just 20–30 basis points over ten-year Treasury yields. The yield premium to benchmark Treasury yields fell from ~150–200 basis points early this year. The recent strength in Treasury yields could be negative for utilities.
RICHMOND, Va., Oct. 11, 2018 /PRNewswire/ -- Dominion Energy is tracking and preparing for the potential that Hurricane Michael will cause power outages as it makes its way north. This powerful, fast-moving hurricane is expected to blow through the Carolinas and parts of Virginia Thursday evening into Friday morning, with tropical-force winds and torrential rain that can bring down trees and power lines. "We are closely monitoring Hurricane Michael and positioning crews and supplies so we can respond as soon as it's safe to do so," said Ed Baine, senior vice president – Electric Distribution.
* Tokyo Gas Co is not considering raising U.S. liquefied natural gas (LNG) purchase volumes as it seeks to diversify procurement portfolio, its President Takashi Uchida told reporters on Thursday. * The company has started receiving long-term U.S. LNG from Dominion Energy Inc's Cove Point export plant in Maryland earlier this year, and it also has signed agreements to buy LNG from Cameron project in the United States.
When the market turns south -- and it will turn south eventually -- these two boring old companies will help you ride it out.
NextEra Energy (NEE), the biggest constituent of the Utilities Select Sector SPDR ETF (XLU), has a potential upside of 4% based on analysts’ median target price of $178.9 and its current price of $172.4.
Dominion Energy Inc. said Tuesday Chief Financial Officer Mark McGettrick will step down effective Nov. 1, after about 9 1/2 years in the role. He will also retire from the electricity and natural gas utility company on Jan. 1, 2019 after 38 years with the company. James Chapman, currently senior vice president of mergers and acquisitions and treasurer, will succeed McGettrick. Chapman joined Dominion in September 2013. The stock edged up 0.4% in premarket trade. It has lost 10% year to date through Monday, while the SPDR Utilities Select Sector ETF has advanced 2.7% and the S&P 500 has gained 7.9%.
RICHMOND, Va., Oct. 9, 2018 /PRNewswire/ -- Dominion Energy (NYSE:D) today announced that Mark F. McGettrick, executive vice president and chief financial officer, will retire on Jan. 1, 2019, capping a 38-year career at the company. Effective Nov. 1, 2018, McGettrick will step down as chief financial officer. James R. "Jim" Chapman, senior vice president-Mergers & Acquisitions and treasurer, will succeed McGettrick as CFO.
Domestic callers should dial (877) 410-5657. International callers should dial (334) 323-9872. The passcode for the conference call is "Dominion." Participants should dial in 10 to 15 minutes prior to the scheduled start time. Members of the media also are invited to listen. A replay of the conference call will be available beginning about 1 p.m. ET Nov. 5 and lasting until 11 p.m. ET Nov. 12. Domestic callers may access the recording by dialing (877) 919-4059. International callers should dial (334) 323-0140. The PIN for the replay is 89035328. Additionally, a replay of the webcast will be available on the investor information pages by the end of the day Nov. 5. Nearly 6 million customers in 19 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE:D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable, and safe energy and is one of the nation's largest producers and transporters of energy with over $78 billion of assets providing electric generation, transmission and distribution, as well as natural gas storage, transmission, distribution, and import/export services.
Currently, the Utilities Select Sector SPDR ETF (XLU) is trading at $53.63—marginally above its 50-day and 5% above its 200-day moving average levels. XLU’s recent breakout above the 50-day moving average level could be seen as a positive signal. XLU’s 200-day level around $51.18 could act as a crucial support in the short term.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Dominion Energy (D) have what it takes? Let's find out.
RICHMOND, Va. and CAYCE, S.C., Oct. 5, 2018 /PRNewswire/ -- Dominion Energy (NYSE:D) and SCANA Corporation (SCG) on Thursday filed a stipulation agreement with the Public Staff of the North Carolina Utilities Commission (NCUC) and an intervenor in the proposed merger between the two companies. SCANA's assets include PSNC Energy, a natural gas utility based in Gastonia, N.C. Remaining necessary approvals include those of the NCUC and of the South Carolina Public Service Commission.
As of October 3, Reuters has compiled data from 14 analysts tracking Dominion Energy (D) stock. Two have rated Dominion as a “strong buy,” and one has rated it as a “buy.” The rest have rated the stock as a “hold.” No analysts have rated Dominion as a “sell.”
Unlike solid forms of energy coaxed from the earth -- such as crude oil and coal -- the odorless vapor known as natural gas is positively invisible. This liquified natural gas, or LNG, requires substantial investment in plants, port infrastructure and in shipping, which has brought pricing into sharp focus over the past few years as demand surges for the fuel. Some industry players believe the answer to this mystery lies deep in the Bayou -- near a staggering assemblage of pipelines known as Henry Hub, named for its location in the Henry Hamlet of Erath, Louisiana.
On October 3, the US ten-year Treasury constant maturity rate was 3.16%, its highest level since July 1, 2011. On August 23, the ten-year Treasury constant maturity rate was 2.8%, its lowest level since May 29.
Dominion Energy’s (D) EV-to-EBITDA (enterprise value-to-EBITDA) multiple is 14.05x, and its five-year average EV-to-EBITDA multiple is 14.11x. Currently, Dominion is trading at a small discount to its historical average.
On October 3, Dominion Energy’s (D) 50-day moving average was 0.9% higher than its 200-day moving average. On September 20, the company’s 50-day moving average rose above its 200-day moving average.