78.98 -0.24 (-0.30%)
After hours: 7:15PM EDT
|Bid||79.01 x 1300|
|Ask||79.22 x 900|
|Day's Range||78.14 - 79.47|
|52 Week Range||67.06 - 79.47|
|Beta (3Y Monthly)||0.23|
|PE Ratio (TTM)||43.24|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||3.67 (4.68%)|
|1y Target Est||78.20|
RICHMOND, Va., June 24, 2019 /PRNewswire/ -- Dominion Energy, Inc. (NYSE:D), announced today that it has successfully remarketed its 2016 Series A-1 2.0% Remarketable Subordinated Notes due 2021 (the Series A-1 RSNs) and its 2016 Series A-2 2.0% Remarketable Subordinated Notes due 2024 (the Series A-2 RSNs). The optional remarketing was conducted pursuant to the terms of the governing documents for the notes, which were originally issued on Aug. 15, 2016, as a part of Dominion Energy's 2016 Series A Corporate Units (the Corporate Units). Effective upon closing of the remarketing, the Series A-1 Notes will bear interest at 2.715% per year and be redesignated as Dominion Energy's "Series A-1 2.715% Junior Subordinated Notes due 2021" and the Series A-2 Notes will bear interest at 3.071% per year and be redesignated as Dominion Energy's "Series A-2 3.071% Junior Subordinated Notes due 2024." The remarketing is expected to close on June 27, 2019, subject to customary closing conditions.
Utility stocks continued to rise last week. The Utilities Select Sector SPDR ETF (XLU) hit a new 52-week high and closed at $61.0 last week. Utility stocks have shown a slow but steady rally in 2019.
Sustainable investors in the U.S. have heard terms like carbon tax and cap-and-trade for decades, while 40 other countries have begun to address the pollution problem.
(Bloomberg) -- The U.S. Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter.Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5% of the radioactive fuel from U.S. mines, said the people, who requested anonymity to discuss non-public deliberations. Two of the people said an option under consideration would see the quota escalate by 5 percentage points a year.A decision to impose the quotas would be a boon to the two small mining companies that petitioned the Commerce Department to take action, Energy Fuels Inc. and Ur-Energy Inc. The move would increase costs for nuclear reactor operators that are already struggling in the face of competition from cheaper sources of power generated by natural gas and renewables. Domestic nuclear providers rose on the news, with Uranium Energy Corp. up as much as 3.9%, Energy Fuels rising as much as 3.5% and Ur-Energy paring earlier losses to rise less than 1%.The Commerce Department concluded in April that the imports harmed national security, delivering a confidential report on the matter to the White House at the time, the people said.The White House didn’t immediately respond to a request for comment. A spokeswoman for the Commerce Department declined to comment on the contents of the uranium report and said it is at the White House. Confidential MeetingThe recommendations have yet to be presented to President Donald Trump, and a meeting on the matter between him and advisers on the issue that had been scheduled for Thursday was delayed, two people said.The matter is far from final, but one person said it is certain that the White House appears poised to take action. Other options being considered include doing nothing or putting limits on uranium from specific countries, one of the people said.Canadian Prime Minister Justin Trudeau, who met with Trump on Thursday, was expected to make the case against import quotas on uranium, which his country produces.The Trump administration was asked by the two domestic uranium producers to impose a 25% domestic market quota on the grounds imports of uranium are a threat to national security. Wide Latitude A finding that the imports of uranium are harming U.S. national security gives Trump wide latitude to impose a trade remedy of his choosing -- or do nothing at all -- using the same trade law the administration has successfully used to slap tariffs on steel and aluminum imports.While the domestic uranium producers, both of which are based in Colorado, initially asked the administration for a 25% quota, a lower amount could be a compromise that he utilities and the producers could live with, analysts have said.Nuclear utilities, which have estimated a 25% quota could cost them as much as $800 million annually, remain hopeful Trump will decide against any trade action.“President Trump is a longstanding champion for the U.S. nuclear industry, rightly recognizing the enormous economic and energy benefits that U.S. nuclear power delivers to American consumers,” said the Ad Hoc Utilities Group, which counts Exelon Corp., Duke Energy Corp., and Dominion Energy Inc. as members. “The U.S. nuclear industry supports 100,000 jobs while the two petitioners support a total of 150 jobs.” Australia, RussiaCurrently, the nuclear power industry gets nearly all of its uranium from sources such as Australia, Canada, Kazakhstan, and Russia.The U.S. uranium industry produced roughly 700,000 pounds in 2018, according to Chris Gadomski, a nuclear industry analyst at Bloomberg New Energy Finance. A 5% quota would translate to between 2 million and 2.5 million pounds, he said.The two miners who petitioned for the case have already begun expanding their mines in anticipation of a favorable decision.Executives from both companies said in a statement they were pleased “the administration continues to recognize the unique national, energy and economic security role of domestic uranium production.”“We continue to believe that reserving 25% of domestic demand for U.S. uranium is the most effective tool for sustaining domestic production of this critical mineral,” they said. (Updates with statement from uranium miners in last paragraph.)\--With assistance from Josh Wingrove and Will Wade.To contact the reporters on this story: Ari Natter in Washington at firstname.lastname@example.org;Jenny Leonard in Washington at email@example.comTo contact the editors responsible for this story: Jon Morgan at firstname.lastname@example.org, ;Margaret Collins at email@example.com, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Southern Company (SO) stock presents a downside of ~4.0% from its current price level of $55.5. Analysts have given Southern Company stock a target price of $53.3. Of the 20 analysts tracking Southern Company, two analysts rated the stock as a “buy,” 13 analysts rated it as a “hold,” four analysts rated it a “sell,” and one analyst rated it as a “strong sell” as of June 18.
Dominion Energy (D), the third largest utility stock by market cap, offers a yield of 5.2%, significantly higher than peers. Its long dividend payment history is indeed attractive compared to other top utilities.
The utilities sector continues to offer a premium dividend yield along with stable upward price movement. On average, utility stocks are currently yielding 3.2%, while broader markets offer a yield close to ~2%.
Alliant Energy (LNT), which continues to lower emissions, plans to add more renewable assets to its production portfolio through regular investment.
Dominion Energy Inc NYSE:DView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for D with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding D are favorable, with net inflows of $12.57 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. D credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Clearly, the sharp drop in Treasury yields of late pulled the Fed into the spotlight as the bond market dictates to the Fed and not the other way around. Leave no doubt -- short-term interest rates are coming down, observes Bryan Perry, editor of Cash Machine.
RICHMOND, Va., June 12, 2019 /PRNewswire/ -- Dominion Energy (NYSE:D) today announced that it has priced its offering of 14,000,000 2019 Series A Equity Units, initially consisting of 14,000,000 2019 Series A Corporate Units. Dominion Energy has granted to the underwriters an option to purchase up to an additional 2,100,000 Corporate Units to cover over-allotments. Dominion Energy increased the size of the offering to 14,000,000 Corporate Units from 12,500,000 Corporate Units. Each Corporate Unit consists of a contract to purchase shares of Dominion Energy common stock (the Common Stock) in the future and a 1/10 undivided beneficial ownership interest in one share of Dominion Energy 1.75% Series A Cumulative Perpetual Convertible Preferred Stock with a liquidation preference of $1,000 per share (the Convertible Preferred Stock). Total annual distributions on the Corporate Units will be 7.25%, consisting of the contract adjustment payments and dividends described below.
Editor's note: This story was previously published in May 2019. It has been edited and republished.No matter where we are in the investing cycle, dividend stocks never go out of style. However, it's during times of unpredictability that investors seek out dividend aristocrats. But despite, there are other dividend stocks out there that are still worth checking out despite not being in this exclusive club.Regardless of the dividend stock's status, investors must consider the following when looking at good dividend stocks to buy: Investors should select a company that has a history of steady increases in dividend distributions, has growing cash flow every year and is still trading a discount or up to fair value.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Reasons to Buy Alphabet Stock Despite Its Earnings Miss With that in mind, here are the seven dividend stocks that are worth your money: Ford (F)Starting with one of the most cyclical but most dependable in dividend income on this list, Ford (NYSE:F) offers a dividend yielding 5.8%.Source: Shutterstock The selling pressure Ford stock saw near the tail-end of 2018 has been replaced by a bit more optimism in 2019still, a U.S.-led trade war is hurting the stock.But the company's quarterly earnings report offered no evidence that business was so bad the stock deserved to fall. Instead, Ford reported a solid earnings-per-share and revenue beat of 29 cents (non-GAAP) and $40.3 billion, respectively.The economic cycle may hurt auto sales, but Ford is ready to take on the challenging environment. It benefited from a strong product mix in North America. It may even issue a special dividend if truck and SUV sales exceed estimates in 2019. Philip Morris International (PM)Philip Morris International (NYSE:PM) has a dividend yielding 5.84%.Source: Shutterstock Rumors that the U.S. Food and Drug Administration plans to impose restrictions on e-cigarette sales hurt PM's stock price slightly. Still, it is holding up better than other cigarette suppliers, which is why it's one of the solid dividend stocks to buy.Philip Morris is adapting to the change in smoking habits. It continues to invest in its IQOS device, which has helped the company significantly in the longer term. IQOS 2 launched at the end of 2018 in Japan with notable success. By offering an alternative to cigarette smoking as consumers embrace the heated tobacco system, this company will bring in revenue growth quarter-after-quarter. * 7 Dark Horse Stocks Winning the Race in 2019 And with that trend playing out, management may reward its loyal investors by increasing its dividends in the years ahead. Dominion Energy (D)Dominion Energy (NYSE:D) has a dividend yield of 4.97%. The stock rallied from $61.53 and closed recently around $74.Source: Shutterstock The company's stock has started to rise out of its 2019 range, but it still has some legroom to run. Dominion Energy earned $1.15 a share and $3.16 so far for the nine months of the year. Power generation, power delivery and gas infrastructure revenue all came within the guidance range midpoint.Income investors may look forward to the completion of the SCANA merger later this year, as Dominion's business plan includes a diverse growth capital investment program that will spread its business risks.Ultimately, this is one of the dividend stocks to buy because, when you consider that it is starting a variety of businesses, it has an improved risk profile, strong earnings results. Chevron (CVX)Chevron (NYSE:CVX) is a major integrated oil and gas firm. At a yield just shy of 4%, consistency is what makes this one of the best dividend stocks to buy.Source: swong95765 via Flickr (Modified)Chevron's upstream operations found a boost at the end of 2018 going into 2019, earning 828 million -- a vast improvement from a loss of $26 million last year. The unit benefited from crude oil prices moving higher, while the company increased production. * 7 Stocks to Buy As They Hit 52-Week Lows Chevron stock is really closely tied to the price of oil, which has been volatile for the last five years, but the dividend is so reliable as to make that a non-issue. Iron Mountain (IRM)At 7.1%, Iron Mountain Incorporated (NYSE:IRM) offers one of the highest dividend yields on this list of dividend stocks to buy.Source: Shutterstock In its Q1 report, revenue rose 5%, year over year while adjusted EBITDA slid 6%. Iron Mountain benefited from rental revenue growing 2.6% so far this year. Internal service revenue growth of 1.8% is due to grow in the shred business, digitization and special projects.Markets often question the sustainability of Iron Mountain's dividend, but the NOI CAGR of 3.1% for Physical Storage, plus its expansion in emerging markets and data center, suggests the company will grow EBITDA through the end of 2020. If business keeps up at this strong pace, the share price will go up, lowering the dividend yield. But management may just hike the dividend in the future to keep its yield attractive while rewarding its shareholders.The takeaway here is that Iron Mountain is in the process of shifting its business into new segments. It has time to make the conversion because its borrowing was at a fixed-rate, averaging 4.8%. BCE Inc (BCE)Telecom giant BCE Inc (NYSE:BCE) is a Canadian firm whose dividend yields 5.04%.Source: BCE, Inc. Bell allayed fears of any business weakness when it reported a good first-quarter report. It added a little more than 3% to its customer base when compared with Q1 2018. This added more than 2% in revenue growth and 6.9% higher adjusted EBITDA.In 2019, BCE will cut 4% of its management staff (700 positions). The capital intensity ratio will fall along with total cash pension funding. In effect, the cost controls will keep profit margins strong while the firm continues to pay out a dividend to shareholders. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% Sure, investors could consider AT&T (NYSE:T) as an alternative, especially given that the dividend is north of 6%. But since BCE is a pure play in wireless and internet markets, with little exposure to content other than its CTV unit, it has a distinct advantage depending on your investment approach. And for that reason, I chose BCE instead. BP (BP)BP (NYSE:BP) already has added about 10% to its stock price this year and its dividend yields 5.81%.Source: Shutterstock While BP had a rocky 2018, 2019 has seen a little less volatility, given that this is an oil stock. This is because the company is well-prepared for an even bigger drop in oil prices. Over the years, it shed non-core assets, strengthened its balance sheet and continued paying a dividend despite the fluctuations in oil prices. Its underlying cash flow inflow is balanced with the outflow of organic capital expenditure and dividends. Should cash flow fall due to lower oil prices, BP may sustain its dividend but lower spending.To keep growing in the future, BP has five major projects currently in operation: Thunder Horse Northwest Expansion, Western Flank B, Atoll, Taas Expansion and Shah Deniz 2.BP's outlook is bright. It is shedding over $3 billion in assets and spending ~ $15 billion in capital expenditure in 2018. In the upcoming fourth quarter, it forecasts higher production from upstream. Downstream will benefit from higher levels of a turnaround thanks to its Whiting refinery in the U.S.Will oil prices keep falling? No one knows, but BP is prepared.As of this writing, Chris Lau owned shares of F and BP. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 Stocks That Are Soaring This Earnings Season * 5 Biotech Stocks for a Long-Lived Portfolio * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business Compare Brokers The post 7 Dividend Stocks That Are Worth Your Money appeared first on InvestorPlace.
Dominion Energy (D) continues to lower carbon emissions from the electricity generation process. The issuance of equity units will help it to repay short-term debts.
North Carolina is one of the leading states for the amount of solar currently operating on its grid, ranking second in the nation at the end of 2018.
RICHMOND, Va., June 10, 2019 /PRNewswire/ -- Dominion Energy, Inc. (NYSE:D) announced today its intention to offer to sell, subject to market and other conditions, 12,500,000 2019 Series A Equity Units, each with a stated amount of $100. Each Equity Unit will initially be in the form of a 2019 Series A Corporate Unit consisting of a contract to purchase shares of Dominion Energy common stock (the Common Stock) in the future and a 1/10 undivided beneficial ownership interest in one share of Dominion Energy cumulative perpetual convertible preferred stock with a liquidation preference of $1,000 per share (the Convertible Preferred Stock). Dominion Energy expects to grant the underwriters an option to purchase 1,875,000 additional Corporate Units to cover over-allotments.
Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]
CMS Energy (CMS) continues to focus on generating more electricity from renewable sources. Resultantly, it is expected to further lower carbon emissions.
RICHMOND, Va., June 6, 2019 /PRNewswire/ -- Hurricane season is underway and Dominion Energy urges customers to plan ahead and assemble an emergency storm kit. "We care about our customers' safety and want to help them prepare for the possibility of severe weather," said Ed Baine, senior vice president of Electric Distribution.
Black Hills' (BKH) rate review application to improve service quality as well as reduce number of rate reviews and other regulatory filings.
Cheniere Energy's authorization of a stock buyback program of $1 billion over the next three years boosts investors' confidence on the stock.