|Bid||63.50 x 1100|
|Ask||66.92 x 1400|
|Day's Range||65.01 - 66.37|
|52 Week Range||61.53 - 85.30|
|PE Ratio (TTM)||14.83|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||3.34 (5.15%)|
|1y Target Est||72.50|
Moody's Investors Service ("Moody's") upgraded Blue Racer Midstream, LLC's (BRM) senior unsecured notes to B2 from B3 and simultaneously assigned a B2 rating to the company's proposed $300 million senior unsecured notes, due 2026. Net proceeds from the new notes will be used to repay borrowings outstanding under the company's revolving credit facility and for general corporate purposes. "The new notes will increase BRM's gross debt by about $30 million, but they will also provide an equal amount of cash that should minimize the need to draw on the revolver, said Sajjad Alam, Moody's Senior Analyst.
Dominion Energy's (D) Atlantic Coast Pipeline is likely to transport 1.5 billion cubic feet (Bcf) of natural gas per day to North Carolina and Virginia.
Moody's Investors Service ("Moody's") placed the ratings of Dominion Energy Gas Holdings, LLC (DEGH), including its A2 unsecured rating and its P-1 commercial paper rating, on review for downgrade. The review of DEGH's ratings is prompted by increasing debt levels and will incorporate DEGH's financial performance through 2Q18 and prospects for cash flow growth in the face of low commodity prices and US tax reform.
Britain's biggest asset manager wants to remove the chairmen of the board at eight companies worldwide, which it says have failed to confront the threats posed by climate change. Legal & General Investment Management, the fund arm of insurer Legal & General (LGEN.L), has been among the most vocal asset managers on the topic, recently writing to some of the world's top companies calling for more action. On Monday, it said it would vote against the chairs of China Construction Bank , Dominion Energy (D.N) and Japan Post Holdings , as well as Occidental Petroleum (OXY.N), Rosneft Oil (ROSN.MM) and Subaru .
SAN DIEGO, June 8, 2018 /PRNewswire/ -- Dominion Energy's vast experience in efficient and safe storm restoration work was recognized Tuesday as it was presented with two awards from Edison Electric Institute (EEI). It was honored with the 2018 Emergency Assistance Award for Puerto Rico Power Restoration for its contributions to the unprecedented emergency power restoration mission in Puerto Rico following Hurricane Maria, and the Emergency Recovery Award for its work on the March 1, 2018 Nor'easter wind storm.
RICHMOND, Va., June 7, 2018 /PRNewswire/ -- While June 1 marked the official start of the 2018 hurricane season, Virginians have already experienced destructive wind storms and treacherous flooding conditions this spring. "Summer storms can be unpredictable, so planning ahead and being ready is key," said David Vanderbloemen, director-Electric Distribution Operations Center.
Dominion Energy Inc's Cove Point liquefied natural gas production facility in the eastern United States will undergo a brief maintenance shutdown in the autumn, the company's top executive said on Wednesday. "It's not very long," Dominion's Chief Executive Officer Thomas Farrell said in an interview, adding the outage could be for less than a few weeks. Farrell was in Yokohama to attend a ceremony to celebrate last month's start of Japanese imports of Cove Point LNG and the arrival of a second Cove Point LNG vessel at a Tokyo Gas terminal on Wednesday morning.
Dominion Energy Inc (NYSE:D) trades with a trailing P/E of 14x, which is lower than the industry average of 18.9x. Although some investors may jump to the conclusion that thisRead More...
Some indexes screen out highly volatile stocks as measured by standard deviation, while others employ more complicated algorithms that go beyond individual stock volatility to see how stocks interact with each other. To find some cheap low-volatility stocks with good prospects, we started with the holdings of the S&P 500 Low-Volatility Index. This index tracks the 100 least volatile stocks in the S&P 500, with volatility measured by standard deviation over the trailing 12 months. Dominion Energy recently changed its name from Dominion Resources.
Based on analysts’ 12-month mean target price of $72.10, Dominion Energy (D) stock has an upside of ~12% to its current market price of $64. Of the 14 analysts tracking Dominion Energy on May 25, two recommended “strong buy,” one recommended “buy,” and 11 recommended “hold.”
In the last year, Dominion Energy (D) has returned around -16%, while peers Duke Energy (DUK) and Southern Company (SO) have returned around -8%. Meanwhile, renewables giant NextEra Energy (NEE) has returned 16%, beating broader utilities by a big margin. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities, has returned -2% and broader markets have returned 15%. Total returns consider both capital appreciation and dividends paid.
CAYCE, S.C., May 29, 2018 /PRNewswire/ -- SCANA Corporation (SCG) announced today that it has established a record date of May 31, 2018, and a meeting date of July 31, 2018, for a special meeting of its shareholders to consider and vote on a proposal to approve the previously announced stock-for-stock merger with Dominion Energy, Inc. (NYSE:D). SCANA's Special Shareholder Meeting is scheduled for 9 a.m. EDT on July 31, 2018, at the Columbia Conference Center, 169 Laurelhurst Avenue, Columbia, SC 29210. Additionally, SCANA separately established a record date of July 25, 2018, and a meeting date of September 12, 2018, for its 2018 Annual Shareholder Meeting.
Florida-based utility giant NextEra Energy (NEE) stock has a potential upside of 5.2% going forward. NextEra Energy has a mean target price of $170.8. Currently, NextEra Energy is trading at $162.4.
The biggest constituent of the S&P 500 Utilities Index, NextEra Energy (NEE) is trading at a PE multiple just above 13x—lower compared to its five-year historical average. NextEra Energy is trading at an EV-to-EBITDA valuation multiple of 15.0x—compared to its five-year historical average of ~12.0x. NextEra Energy stock seems to be trading at a discount to its historical average.
Let’s see how institutional investors played Dominion Energy (D)—a laggard in the S&P 500 Utilities (XLU)—in the first quarter. According to recent 13F filings, the Vanguard Group is the top institutional investor in Dominion Energy. It added 0.9 million shares in the first quarter, raising its stake to 7.4%.
Dominion Energy (D), the fourth-largest utility by market capitalization in the S&P 500 Utilities (XLU), is trading at a PE multiple of 20x, at a large discount to its five-year average of 24x. Peer Duke Energy (DUK), the second-largest utility, is currently trading at a PE multiple of 21x.
Uncertainties regarding Dominion Energy’s (D) merger with SCANA (SCG) and the FERC’s (Federal Energy Regulatory Commission) policy revision have weighed on Dominion stock this year, and higher first-quarter earnings failed to boost Dominion Energy stock. So far this year, it has fallen more than 20%, while broader utilities (XLU) have fallen ~4%. Dominion Energy looks like it may stay weak in the near future considering its moving averages.
Dominion Energy (D) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Southern Company (SO) and Duke Energy’s (DUK) earnings are expected to increase ~4%–6% annually for the next few years—in line with the industry average. As a result, their annual dividend per share growth is expected to be close to this level.
Southern Company (SO) and Duke Energy (DUK) are among a few of the largest rate-regulated utilities in the S&P 500 Utilities Index (XLU). Southern Company has paid equal or increased dividends for 282 consecutive quarters. Duke Energy has paid dividends to its shareholders for 368 consecutive quarters.
Chesapeake Energy Corporation (NYSE:CHK) could be poised for a comeback. Now, as the company strives to repair its balance sheet, profit forecasts, as well as an emerging export market, could turn the company around and lead to massive gains in CHK stock. While the market cap and debt levels have improved over the last year, the company remains in a precarious financial position.
Vistra Energy Corp (VST.N) and Dominion Energy Inc (D.N) – which serve about 5.5 million electricity customers in more than a dozen U.S. states – both say they are done building combined-cycle natural gas-fired power plants. Instead, they are building large solar plants, which offer plentiful and inexpensive electricity. This bearish view of fossil-fuel energy, reflective of a growing acceptance by utilities of renewable power sources, poses a hurdle to John Flannery's plan to turn around General Electric Co's (GE.N) $35 billion-a-year power unit.