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Why Is Dominion Energy (D) Down 4.6% Since Last Earnings Report?
ZACKS· 2025-03-14 16:36
A month has gone by since the last earnings report for Dominion Energy (D) . Shares have lost about 4.6% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Dominion Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?Estima ...
Dominion Energy (D) Advances While Market Declines: Some Information for Investors
ZACKS· 2025-03-13 23:05
In the latest market close, Dominion Energy (D) reached $54.09, with a +0.69% movement compared to the previous day. This change outpaced the S&P 500's 0.91% loss on the day. Elsewhere, the Dow lost 1.5%, while the tech-heavy Nasdaq lost 1.96%.The energy company's shares have seen a decrease of 3.95% over the last month, not keeping up with the Utilities sector's loss of 0.13% and outstripping the S&P 500's loss of 7.38%.Market participants will be closely following the financial results of Dominion Energy ...
Dominion Energy: Big Data Center Catalysts Make It A Buy
Seeking Alpha· 2025-03-11 11:30
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Dream Office: 438 University Ave Sale Gives The REIT Some Breathing Room
Seeking Alpha· 2025-03-07 21:26
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Dominion Energy(D) - 2024 Q4 - Annual Report
2025-02-27 13:17
Financial Performance - Dominion Energy reported a total revenue of $13.5 billion for the fiscal year, reflecting a 5% increase year-over-year[7]. - The company achieved an operating income of $3.2 billion, which is a 7% increase compared to the previous year[7]. - Dominion Energy's earnings per share (EPS) for the year were reported at $3.10, a 10% increase from the previous year[7]. - The company expects to achieve a 6% to 8% annual growth rate in earnings through 2025, supported by its investment strategy[7]. - The company has a return on equity (ROE) and return on invested capital (ROIC) strategy to enhance shareholder value[17]. Customer Growth and Engagement - Customer growth was noted at 2.5%, with an addition of approximately 100,000 new customers in the last year[7]. - Dominion Energy serves approximately 4.1 million electric utility customers across Virginia, North Carolina, and South Carolina[22]. - User data showed an increase in active users to Z million, up A% year-over-year, indicating strong customer engagement[13]. - The company plans to implement new customer engagement strategies, which are projected to improve customer retention rates by J%[15]. Investment and Capital Expenditure - Dominion Energy plans to invest $20 billion over the next five years in renewable energy projects, aiming for a 50% reduction in carbon emissions by 2030[7]. - The company has initiated a strategic review of its non-core assets, which may lead to divestitures worth up to $5 billion[7]. - Dominion Energy's capital expenditures for the year were approximately $4.5 billion, with a focus on grid modernization and infrastructure improvements[7]. - The capital expenditure plan for 2025 through 2029 includes investments in renewable generation facilities and smart grid technologies[190]. - Virginia Power's capital plan for 2025-2029 includes approximately $41 billion in spending to construct new generation capacity and upgrade infrastructure[51]. Renewable Energy and Sustainability - Dominion Energy is transitioning to a cleaner energy future, with significant investments planned in utility-scale solar and the CVOW Commercial Project[23]. - The company is actively pursuing partnerships for new technology developments in energy storage and smart grid solutions[7]. - Dominion Energy aims to achieve net zero carbon and methane emissions by 2050, focusing on expanding wind, solar generation, and energy storage[180]. - Dominion Energy has reduced direct Scope 1 CO2 equivalent carbon and methane emissions by 52% through 2023[192]. - The Virginia Clean Economy Act mandates a renewable energy portfolio standard reaching 100% by the end of 2045, excluding existing nuclear generation[146]. Environmental Compliance and Initiatives - The Companies are subject to substantial environmental regulations, which impose significant compliance costs and potential penalties for noncompliance[173]. - Dominion Energy incurred $314 million in environmental protection and monitoring expenses in 2024, with expectations of $330 million in 2025[204]. - The company is focused on compliance with federal and state environmental laws through capital projects at its electric generating stations[17]. - The company plans to upgrade its gas and electric transmission and distribution networks to meet environmental standards[190]. Strategic Partnerships and Acquisitions - The company has entered into agreements to sell all regulated gas distribution operations, except for DESC's, to Enbridge[23]. - Dominion Energy completed the East Ohio Transaction with Enbridge for $4.3 billion in cash and assumed $2.3 billion in long-term debt[30]. - The Questar Gas Transaction with Enbridge was completed for $3.0 billion in cash and $1.3 billion in assumed long-term debt[30]. - The PSNC Transaction with Enbridge was finalized for $2.0 billion in cash and $1.3 billion in assumed long-term debt[31]. - The SCANA Combination acquisition was completed on January 1, 2019, enhancing the company's market position and operational capabilities[17]. Operational Efficiency and Technology Development - Dominion Energy is investing approximately $1.3 billion in 18 renewable natural gas projects, with an expected completion date in 2025[128]. - The company is investing $H million in R&D for new technologies aimed at sustainability and efficiency improvements[13]. - The company is focused on improving electric service reliability, as measured by the System Average Interruption Duration Index (SAIDI)[17]. - The company is actively involved in the Southeast Energy Exchange Market (SEEM) to optimize energy trading and distribution[17]. Future Outlook and Guidance - The company provided an optimistic outlook for the next quarter, projecting revenue growth of B% and earnings per share of $C[14]. - The financial guidance for the upcoming year includes a capital expenditure plan of $K billion, focusing on infrastructure upgrades and expansion projects[16]. - Recent acquisitions are anticipated to enhance operational efficiency, with expected cost synergies of $G million annually[12].
Dominion Energy Trades Above 50 & 200-Day SMAs: Time to Buy the Stock?
ZACKS· 2025-02-25 19:00
Core Viewpoint - Dominion Energy is experiencing a bullish trend, supported by investments in infrastructure and a focus on renewable energy, alongside rising demand from its expanding customer base [1][10]. Group 1: Financial Performance - Dominion Energy's stock closed at $56.87 on February 24, with a one-year share gain of 19.4%, outperforming the S&P 500's growth of 19.1% and the Zacks Utilities sector's rise of 18.5% [5]. - The company expects earnings per share (EPS) of $3.28-$3.52 for 2025, with Zacks Consensus Estimates indicating increases of 0.6% and 0.3% for 2025 and 2026, respectively [13]. - The current annual dividend is $2.67, yielding 4.65%, which is better than the industry's yield of 3.2% [14]. Group 2: Strategic Initiatives - Dominion Energy plans to invest $50 billion from 2025 to 2029, with approximately 83% of this investment aimed at strengthening infrastructure and increasing clean energy production [10]. - The company is upgrading its electric infrastructure by installing smart meters and undergrounding 4,000 miles of distribution lines, enhancing service reliability and efficiency [12]. - The company has divested some non-core assets to focus on regulated infrastructure, which is expected to boost operational stability [9]. Group 3: Market Position and Competitiveness - Dominion Energy's trailing 12-month return on equity (ROE) is 9%, lower than the industry average of 10.87%, indicating less effective utilization of shareholders' funds [19]. - The stock is currently valued at a premium compared to its industry on a forward 12-month P/E basis [16]. - The company has connected 15 data centers in 2024 and expects to connect another 15 in 2025, driven by robust demand growth from economic expansion and electrification [11].
Here's Why Dominion Energy (D) is a Strong Momentum Stock
ZACKS· 2025-02-14 15:51
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Dominion Energy: Q4 Report Highlights Cost Overrun Risk On Wind Project (Rating Downgrade)
Seeking Alpha· 2025-02-14 01:01
Core Insights - Dominion Energy reported a non-GAAP EPS of $0.58, exceeding expectations by $0.03, while sales decreased by 3.7% year-over-year to $3.4 billion [1] Financial Performance - The company provided specific guidance for 2025, targeting an operating EPS range of $3.28 to $3.52 per share [1]
Why Dominion Energy (D) is a Top Value Stock for the Long-Term
ZACKS· 2025-02-13 15:41
Company Overview - Dominion Energy Inc., based in Richmond, VA, was founded in 1909 and is involved in the production and transportation of energy in the United States, including regulated and non-regulated electricity distribution, generation, and transmission [12] Zacks Rank and Style Scores - Dominion Energy holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a solid position in the market [13] - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 16.52, which may appeal to value investors [13] Earnings Estimates - For fiscal 2025, one analyst has revised their earnings estimate upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.01 to $3.39 per share [13] - Dominion Energy has an average earnings surprise of 4.2%, suggesting potential for positive performance [13] Investment Consideration - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Dominion Energy is recommended for investors' consideration [14]
Dominion Energy(D) - 2024 Q4 - Earnings Call Transcript
2025-02-12 18:55
Financial Data and Key Metrics Changes - Full year 2024 operating earnings were $2.77 per share, in the top half of the guidance range despite adverse weather conditions [12] - Fourth quarter operating earnings were $0.58 per share, with GAAP earnings at $0.15 per share [13] - 2025 operating earnings per share guidance narrowed to $3.28 to $3.52, reaffirming annual operating earnings growth guidance of 5% to 7% through 2029 [14][15] - Updated 5-year capital forecast increased to $50 billion, a 16% rise from prior guidance [16] Business Line Data and Key Metrics Changes - Approximately 80% of the capital increase is attributed to Dominion Energy Virginia, driven by higher transmission, distribution, and nuclear spending [17] - 60% of the updated capital spend will be eligible for recovery under rider mechanisms, subject to regulatory approval [18] Market Data and Key Metrics Changes - Virginia hosts the largest data center concentration globally, with approximately 450 data centers connected, representing nearly 9 gigawatts of capacity [44] - Data center sales account for about 26% of total sales for Dominion Energy Virginia [44] - PJM forecasts a peak summer load growth of approximately 6.3% per year for the next 10 years, with projected peak load for 2034 increasing from 26.1 gigawatts to 41.5 gigawatts [48] Company Strategy and Development Direction - The company remains focused on strategic simplicity, long-term financial execution, balance sheet conservatism, dividend security, and exceptional customer experience [7] - The Coastal Virginia Offshore Wind (CVOW) project is 50% complete and on schedule for completion in 2026, supporting the growing energy needs of data centers [28] - The company is committed to maintaining affordability while ensuring reliable service [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the updated cost estimates for CVOW and the ability to deliver the project on time [41] - The company is focused on executing its plan and addressing regulatory challenges in South Carolina [59] - Management highlighted the importance of data center expansion for Virginia's economy and the company's growth strategy [95] Other Important Information - The CVOW project cost increased from $9.8 billion to $10.7 billion, with 80% of the increase expected to be recoverable [35][40] - The company achieved near-record safety performance in 2024, with a focus on maintaining low rates compared to national averages [26] Q&A Session Summary Question: Updates on CVOW project variability and supplier component deliveries - Management expressed confidence in the project estimates and noted that remaining spend outside the U.S. is about $2.5 billion, with most components considered finished products [69][70] Question: Clarification on data center gigawatts and timeline for integration - Management confirmed that the gigawatts in the substation engineering phase are not included in the PJM forecast and emphasized the significant demand for data centers in Virginia [81][83] Question: Insights on Millstone and potential large customer contracts - Management indicated that additionality is not essential for potential large users and will continue discussions with stakeholders in Connecticut [88] Question: Engagement with stakeholders regarding data center expansion - Management noted that policymakers in Virginia recognize the economic benefits of data centers and are focused on ensuring continued growth [94] Question: Assumptions for earned returns and regulatory lag - Management discussed the potential for under-earning in South Carolina and emphasized a focus on achieving allowed returns through stakeholder engagement [125][126]