Group 1 - The article expresses a negative sentiment towards certain companies, describing them as boring due to their heavily regulated revenue streams and capital-intensive nature [1] - It highlights that these companies are mostly dependent on debt, which may pose challenges for their financial stability [1] Group 2 - There is no specific investment advice or recommendations provided in the article, emphasizing that past performance does not guarantee future results [2] - The article clarifies that the views expressed may not reflect those of the platform as a whole, indicating a diversity of opinions among contributors [2]

Core Viewpoint - The article discusses the potential investment opportunities in utility stocks, particularly Dominion Energy, amidst a prevailing narrative of higher inflation and interest rates following the recent election [2][3][4]. Group 1: Dominion Energy Overview - Dominion Energy, based in Virginia, is positioned to benefit from the data-center boom supporting AI growth, with a projected doubling of power demand by 2039 [7]. - The company serves 4.5 million electricity and gas customers across 13 states, making it a significant player in the utility sector [7]. - The stock currently offers a yield of 4.9%, which is more than four times the typical S&P 500 stock yield of 1.2% [8]. Group 2: Stock Performance and Dividend Insights - The stock has experienced a selloff, which is viewed as overdone, especially as it has lagged behind payout growth [9]. - The dividend cut in 2020 was attributed to excessive debt from an acquisition spree, which negatively impacted investor sentiment [9][10]. - The current yield of 4.9% is above its five-year average of 4.5%, presenting a favorable entry point for investors [11]. Group 3: Investment Strategy and CEFs - The article suggests that utility stocks, including Dominion, are attractive as "bond proxies" in the current market environment [5]. - Closed-end funds (CEFs) are highlighted as a way to gain exposure to utility stocks, with average yields around 8% [12]. - Two specific utility CEFs, Cohen & Steers Infrastructure Fund (UTF) yielding 7.5% and Reaves Utility Income Fund (UTG) yielding 6.9%, are recommended for the watch list [13][14]. Group 4: Market Positioning - Both Dominion and the mentioned CEFs have seen recent declines, but the current discounts and premiums suggest a strategic buying opportunity when market conditions improve [15].

Industry Overview - The Zacks Utilities sector includes companies providing essential services such as water, sewage, electricity, and natural gas, characterized as a defensive industry due to stable income sources and minimal economic impact [1] - Utility companies benefit from low demand variation, new electric rates, customer additions, cost management, and energy-efficiency programs [1] Investment Characteristics - Regular dividends, bonus shares, share repurchases, and price increases offer investors returns, making established utility companies attractive for consistent income [2] - Utilities are often viewed as alternatives to bonds due to their stable performance and regular dividend payments, which tend to be less volatile than other stocks [2] Earnings Growth - The utility sector is projected to experience a 9.1% earnings growth in Q4 2024, with continued momentum expected in the first half of 2025 [3] Interest Rate Impact - Utilities carry significant debt due to capital-intensive infrastructure, making them sensitive to market interest rate changes; recent Fed rate cuts are expected to improve margins and profitability for these companies [4] Renewable Energy Transition - The U.S. electric power sector is shifting towards cleaner energy sources, with renewable energy expected to account for 23% of electricity generation in 2024 and 25% in 2025 [5] - A 2% increase in electricity sales is anticipated this winter, driven by a 3% rise in residential sales due to colder weather [5] Promising Utility Stocks - New Jersey Resources (NJR), Dominion Energy (D), and Evergy (EVRG) have outperformed the Zacks Utilities sector in the past six months, with ongoing investments expected to enhance revenue and free cash flow [6] - NJR has a dividend yield of 3.78%, with a projected 5.8% EPS growth for fiscal 2025, and has gained 13.9% over the past six months [10] - Dominion Energy plans to invest $9.8 billion in 2024 and $43 billion from 2025 to 2029, with a current dividend yield of 4.99% and a projected 22.9% EPS growth for 2025 [11][12] - Evergy targets $16.2 billion in capital investments from 2025 to 2029, with a current dividend yield of 4.35% and a projected 4.9% EPS growth for 2025 [13]

Core Points - Dominion Energy Virginia is promoting energy-saving tips and programs to assist customers in managing their energy bills during winter months [1][2] - The company emphasizes the importance of energy efficiency and offers various programs to help customers save on energy costs and provide bill payment assistance [4][7] Energy-Saving Tips - Customers are advised to manage their thermostat settings, ideally keeping it at 68° or lower for comfort [2] - Regular replacement of air filters is recommended to prevent increased energy usage and maintain air quality [2] - Water heater temperature should be set to 120°, unless otherwise specified by the manufacturer [2] - Attic insulation should be at least 12 inches deep, with R-38 or higher insulation recommended [2] - Sealing drafts around windows and doors is crucial for energy conservation [2] Energy-Saving Programs - Dominion Energy offers Virtual Energy Audits to help customers improve home energy efficiency, along with a free energy savings kit [4] - The Budget Billing program allows customers to avoid seasonal fluctuations in their power bills by averaging their usage over the past 12 months [5] - Energy Usage Alerts can be set up to notify customers when their energy usage exceeds a predetermined threshold, allowing for timely conservation efforts [6] Bill Payment Assistance - The Percentage of Income Payment Plan (PIPP) caps monthly power bills for eligible low-income customers at 6-10% of their income [7] - The EnergyShare program provides up to $600 in bill payment assistance from October 1 to May 31, available to anyone in need [8] - A comprehensive list of customer assistance options is available through Dominion Energy's website or by calling their support line [9]

Core Points - Diane Leopold, executive vice president and chief operating officer of Dominion Energy, will retire on June 1, 2025, after a 36-year career in the energy industry, with 30 years at Dominion Energy [1][2] - Ed Baine will take over utility and contracted energy responsibilities, becoming president-Utility Operations and Dominion Energy Virginia, while Eric Carr will become chief nuclear officer and president-Nuclear Operations and Contracted Energy [1][4] - Baine currently oversees operations for 2.8 million customer accounts in Virginia and northeast North Carolina, and will also manage Dominion Energy South Carolina starting January 1, 2025 [4] - Eric Carr, who joined Dominion Energy in 2023, oversees nuclear operations at four stations and will add responsibility for the Contracted Energy business segment on January 1, 2025 [6][7] - Dominion Energy provides regulated electricity service to 3.6 million homes and businesses across Virginia, North Carolina, and South Carolina, and is a leading developer of offshore wind and solar power [8]

Core Viewpoint - Dominion Energy's shares have increased by 31.9% year to date, outperforming the Zacks Utility – Electric Power industry's growth of 24.1% [1] Investment and Infrastructure - Dominion Energy plans to invest $43 billion through 2029 to enhance its infrastructure and reduce outages [2][11] - The company aims for net-zero carbon and methane emissions from its electric generation and natural gas infrastructure by 2050 [2] Performance and Growth - Dominion Energy's shares are trading above the 50-day and 200-day simple moving averages, indicating a bullish trend [5] - The company is experiencing commercial load growth driven by demand from data centers, connecting 14 new data centers year to date and expecting to connect an additional 16 in 2024 [12] Strategic Initiatives - The company has divested some merchant generation facilities to focus on regulated assets, which will enhance operational stability [7] - Dominion Energy signed a Memorandum of Understanding with Amazon to explore Small Modular Reactor (SMR) nuclear development in Virginia [8][9] Financial Outlook - Dominion Energy expects its 2024 EPS to be in the range of $2.68-$2.83, a significant increase from $1.99 per share in 2023, indicating a year-over-year growth of 38.7% [14] - The current annual dividend is $2.67, with a dividend yield of 4.52%, outperforming the industry's yield of 3.18% [15] Valuation and Returns - Dominion Energy is currently valued at a premium compared to its industry on a forward 12-month P/E basis [16] - The trailing 12-month return on equity (ROE) is 8.35%, lower than the industry average of 10.98%, indicating less efficient utilization of shareholders' funds [18] Summary - The company's systematic investment in clean energy production and grid strengthening is expected to provide reliable service to customers, with rising demand for clean energy acting as a tailwind [20]

Core Insights - Dominion Energy has a high dividend yield of 4.75%, making it one of the top utility companies in the US with market capitalizations over $10 billion, providing a 1.7% dividend premium over a popular utility ETF [1] Company Overview - Dominion Energy is recognized for its strong dividend yield, which is a significant factor for investors seeking income [1] Analyst Background - The analysis is conducted by a financial analyst with over a decade of market experience, including expertise in private equity, real estate, and economic research [1]

Group 1 - The Conservative Income Portfolio targets high-value stocks with significant margins of safety and aims to reduce volatility through well-priced options [1][3] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - Trapping Value offers a Covered Calls Portfolio focused on lower volatility income investing and capital preservation [2][3] Group 2 - The Fixed Income Portfolio emphasizes purchasing securities with high income potential and significant undervaluation compared to peers [2] - Trapping Value consists of a team of analysts with over 40 years of combined experience in generating options income while prioritizing capital preservation [3]

RICHMOND, Va., Nov. 13, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), announced today that it will redeem for cash all outstanding shares of its 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, without par value (the Series B Preferred Stock), effective Dec. 15, 2024 (the Redemption Date), at a price of $1,000 per share, which is equal to the per-share liquidation preference of the Series B Preferred Stock. Because the Redemption Date is not a business day, the redemp ...

For the quarter ended September 2024, Dominion Energy (D) reported revenue of $3.94 billion, up 3.4% over the same period last year. EPS came in at $0.98, compared to $0.77 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.09 billion, representing a surprise of -3.60%. The company delivered an EPS surprise of +6.52%, with the consensus EPS estimate being $0.92.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...