Core Viewpoint - Federal Reserve Chairman Jerome Powell indicated that interest rates may be reduced next month, which could lead to a surge in the stock market and particularly benefit certain stocks [1][2]. Group 1: Dominion Energy - Utility stocks like Dominion Energy are expected to rise when interest rates fall due to increased interest from income investors and reduced borrowing costs [3]. - Dominion Energy serves over 4.5 million customers across 13 states and has a forward dividend yield of 4.7%, having paid dividends for 386 consecutive quarters [4]. - The company is well-positioned for growth, especially with the rising demand for data centers in Northern Virginia, driven by artificial intelligence [5]. Group 2: D.R. Horton - D.R. Horton, the largest homebuilder in the U.S., is likely to benefit from lower interest rates as they typically lead to lower mortgage rates, making homebuilding more affordable [6][7]. - The stock is considered undervalued with a forward earnings multiple of 12.2 and a low price-to-earnings-to-growth (PEG) ratio of 0.64 [8]. - Even without immediate rate cuts, D.R. Horton is expected to thrive in the long term due to the ongoing housing shortage in the U.S. [9]. Group 3: Realty Income - Real estate investment trusts (REITs) like Realty Income are poised to benefit from rate cuts as lower borrowing costs facilitate property acquisitions [10]. - Realty Income has a strong track record, paying monthly dividends and increasing its payout for 29 consecutive years, owning 15,450 commercial properties [10][11]. - The company has significant growth potential in the U.S. and Europe, with the latter representing an $8.5 trillion total addressable market [12].

Up 15% over the past year, Dominion Energy is in the middle of reshaping its business. There could be plenty of upside from here. Dominion Energy (D 0.05%) has been on a long journey, but it appears to be nearing the end of the effort. That's a good thing for investors and likely one of the reasons why the stock is up 15% or so over the past year. However, the shares remain 35% below their 2020 highs, and the dividend isn't expected to be increased for a little while as management focuses on paying down deb ...

You can brace for falling interest rates with a stake in Dominion Energy stock. Headquartered in Virginia, Dominion Energy (D 0.44%) is a utilities giant that knows how to reward its loyal shareholders with consistent income. That's meaningful in a time when practically every market commentator expects the Federal Reserve to start cutting the federal funds rate and, by extension, Treasury bond yields in September. It's fine to seek a government bond alternative in utility stocks, but utility companies aren' ...

Core Insights - Dominion Energy has secured a winning bid of $17.7 million for a 176,505-acre lease area off the coast of Virginia Beach, which equates to $100 per acre, enabling further offshore wind development [1][2] - The new lease area has the potential to support between 2.1 gigawatts and 4.0 gigawatts of offshore wind energy generation, contributing to the company's strategy to meet increasing electric demand [2] - The company is focused on completing the 2.6-gigawatt Coastal Virginia Offshore Wind project on time and on budget, with in-service expected by the end of 2026 [4] Company Developments - The acquisition of the new lease area complements the recent acquisition of the 40,000-acre Kitty Hawk Wind North lease area, which will be renamed CVOW South, potentially adding 800 MW of capacity [3] - The company has installed 54 monopiles for the Coastal Virginia Offshore Wind project since May 22, 2024, with a target of 70-100 monopiles during the first installation season [4] - Dominion Energy aims to provide reliable, affordable, and increasingly clean energy while committing to achieving Net Zero emissions by 2050 [5]

Core Viewpoint - Dream Office REIT is facing significant challenges, particularly regarding its debt levels and occupancy rates, leading to a cautious investment outlook. The company has not made substantial asset sales, which has disappointed investors, and the long-term trend remains negative despite some potential for recovery in office occupancy levels [2][4][12]. Financial Performance - The company reported a decline in Funds from Operations (FFO) from CAD 17.5 million to CAD 14.8 million, although FFO per unit increased from CAD 0.70 to CAD 0.76 due to share buybacks [8][12]. - The debt to EBITDA ratio has risen to 11.8X, indicating increasing leverage and potential refinancing challenges ahead [9][11]. Occupancy Metrics - In-place occupancy slightly decreased from 79.3% to 79.2%, while committed occupancy increased by 0.8% to 84.3% [6][12]. - The overall portfolio occupancy rate, including committed leases, was reported at 84.3%, up from 83.5% in the previous quarter [7]. Asset Sales and Valuation - The company announced a minor asset sale in Saskatchewan for CAD 8.6 million, but it was deemed immaterial [4]. - Dream Office is attempting to sell a Class-A office tower in downtown Toronto for just under CAD 105 million, which reflects a capitalization rate of 7.25% [12][13]. - The company's net asset value (NAV) is estimated to be over CAD 62.00, while the stock trades at a significant discount, around CAD 20.00, indicating potential upside if asset sales are executed successfully [12][13]. Debt Management - The company has a significant mortgage of CAD 225 million maturing soon, with progress being made towards refinancing [10]. - A total of CAD 141 million in mortgages will mature next year, with some already receiving credit approval [10][11]. Market Outlook - There are indications that office occupancy levels may stabilize due to supply-demand dynamics and increased immigration to Canada [12]. - The company is not yet ready for a strong commitment to office investments, but there is cautious optimism regarding potential recovery in the sector [12].

Dominion Energy remains on target to install between 70-100 monopile foundations by end of October Coastal Virginia Offshore Wind remains on budget and on schedule to complete construction in late 2026 RICHMOND, Va., Aug. 12, 2024 /PRNewswire/ -- Dominion Energy announced today the 50th monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) was installed 33 miles off the coast of Virginia Beach, keeping the project on schedule to hit the company's target of 70-100 monopiles set into ...

Rate cuts are likely to spark a rotation in the stock market. Here's how to capitalize on it.Artificial intelligence (AI) has dominated the stock market narrative since early 2023, but another storyline is gaining traction.After enduring interest rates over 5% for more than a year, investors are looking forward to interest rates coming down, and are rotating into small-cap stocks to prepare for that move. While the Federal Reserve held interest rates steady in its rate decision on Wednesday, Fed Chair Jerom ...

AI will need lots of power, which bodes well for Dominion Energy. Companies are pouring billions of dollars into artificial intelligence (AI). They're buying powerful processors developed by Nvidia and other chip companies to train AI applications. These AI training models and the applications to follow will reside in data centers. Because of that, these already power-hungry facilities will require even more electricity in the future. Few companies are in a better position to supply the power needs of AI in ...

Dominion Energy (D) reported $3.49 billion in revenue for the quarter ended June 2024, representing a yearover-year decline of 8.1%. EPS of $0.55 for the same period compares to $0.53 a year ago. The reported revenue represents a surprise of -6.11% over the Zacks Consensus Estimate of $3.71 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -5.17%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Dominion Energy Inc. (D) delivered second-quarter 2024 operating earnings of 55 cents per share, which lagged the Zacks Consensus Estimate of 58 cents by 5.2%. However, the second-quarter earnings increased 3.8% from 53 cents in the year-ago quarter. GAAP earnings were 65 cents compared with 67 cents in the year-ago quarter. The difference between GAAP and operating earnings includes a net benefit of 10 cents from discontinued operations. Revenues Revenues of $3.48 billion lagged the Zacks Consensus Estimat ...