Dominion Energy (D) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business ...

Prior to today's trading, shares of the energy company had gained 4.47% over the past month. This has outpaced the Utilities sector's gain of 0.61% and the S&P 500's gain of 0.43% in that time. Any recent changes to analyst estimates for Dominion Energy should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Valuation is also important, so ...

Analysts and investors alike will be keeping a close eye on the performance of Dominion Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on August 1, 2024. The company is expected to report EPS of $0.59, up 11.32% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.83 billion, showing a 0.94% escalation compared to the yearago quarter. Investors should also note that D has a PEG ratio of 1.33 right now. The PEG ...

For several years, utilities, state and federal agencies and leading technology firms have explored SMRs as the next generation of carbon-free nuclear power in the U.S. SMRs have the same reliability and environmental benefits as traditional nuclear, but with a significantly smaller footprint and lower upfront capital costs. "The Commonwealth's potential to unleash and foster a rich energy economy is limitless," said Governor Glenn Youngkin. "To meet the power demands of the future, it is imperative we cont ...

Dominion Energy (D) announced that its subsidiary, Virginia Electric and Power Company, has agreed to acquire the Kitty Hawk North Wind offshore wind lease and associated developments, which will be known as CVOW-South, from Avangrid, Inc. (AGR) for nearly $160 million. This is inclusive of a payment of about $3,000 per acre for the nearly 40,000-acre lease. After receiving the necessary approvals from the Bureau of Ocean Energy Management and the City of Virginia Beach, both companies expect to close the t ...

40,000-acre lease, currently known as Kitty Hawk North Wind, will be renamed CVOW-South and could support 800 MW of offshore wind generation capacity in the 2030s Acquisition provides optionality to deploy additional regulated offshore wind generation to serve unprecedented electric demand growth using all-of-the-above approach supportive of goals of Virginia Clean Economy Act Transaction value of ~$160 million consists of lease acquisition ($117 million) and associated development cost reimbursement ($43 m ...

A heat wave has gripped much of the country this summer. That has people cranking up their ACs to cool down, which is boosting power demand. The rise in power consumption and prices will likely raise the average power bill by about 3% this year compared to last summer. Instead of sweating the heat wave (and rising future power prices), you can cash in on red-hot demand for power. Dominion Energy (D -1.23%), NextEra Energy (NEE -3.95%), and Duke Energy (DUK -0.36%) stand out to a few Fool.com contributors as ...

"This is a different urgency coming. They need this load to drive the next iteration of growth," Skantze told the Reuters Global Energy Transition conference in New York City this week. "They're showing up now at the utility and they're banging on the door and they're saying I need to put this resource on the grid," the executive said. D SO NEE The sun sets behind power lines near homes during a heat wave in Los Angeles, Sept. 6, 2022. Patrick T. Fallon | Afp | Getty Images The largest utility companies in ...

Let's focus on the factors that make this Zacks Rank #2 (Buy) company a good investment pick at the moment. Demand From Data Centers Other Key Picks Long-Term Growth and Dividend Yield Current ratio of the company at the end of the first quarter of 2024 was 1.05, indicating the company's ability to meet its short-term obligations, which are due within a year. Dominion Energy Inc.'s (D) earnings estimates have been revised upward, reflecting analysts' optimism surrounding the stock. The Zacks Consensus Estim ...

Utilities upgrade and strengthen electric infrastructure work throughout the year to improve their quality of service and provide service even during difficult weather conditions. FirstEnergy (FE) is also regularly making investments to strengthen its transmission and distribution network. The company is also using helicopters to inspect the transmission lines. The purpose of the inspections is to search for equipment issues that are not apparent from the ground and faults that are not visible from the grou ...