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 ...

Core Viewpoint - The upgrade of Dominion Energy to a Zacks Rank 2 (Buy) reflects an upward trend in earnings estimates, indicating a positive earnings outlook that could lead to increased stock price [2][6][15]. Earnings Estimates and Stock Performance - Analysts have been consistently raising their earnings estimates for Dominion Energy, with the Zacks Consensus Estimate increasing by 0.1% over the past three months [5]. - For the fiscal year ending December 2024, Dominion Energy is expected to earn $2.75 per share, representing a 38.2% increase from the previous year's reported number [10]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks generating an average annual return of +25% since 1988 [4]. - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings, ensuring that only the top 20% of stocks are recognized for superior earnings estimate revisions [11]. Market Implications - The correlation between earnings estimate revisions and near-term stock movements suggests that tracking these revisions can be beneficial for investment decisions [9]. - The influence of institutional investors, who adjust their valuations based on earnings estimates, contributes to stock price movements as they buy or sell large amounts of shares [8].

The most recent trading session ended with Dominion Energy (D) standing at $49.19, reflecting a -1.42% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.09%. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq added 0.16%. The energy company's stock has dropped by 5.47% in the past month, falling short of the Utilities sector's loss of 2.12% and the S&P 500's gain of 2.83%. The upcoming earnings release of Dominion Energy will be of great ...

These companies pay well above average dividends. Generating lots of income More growth ahead Enbridge expects these catalysts to grow its cash flow per share by 3% annually through 2026, and by 5% per year after that. Its growing cash flow should enable it to continue increasing its dividend, which Enbridge has done for 29 straight years. Realty Income should be able to continue increasing its dividend. It expects to grow its cash flow per share by 4% to 5% annually, driven by rent growth and additional pr ...

$113,000 awarded to 13 nonprofits in North Carolina "Every day, nonprofit organizations make an outsized impact on our communities," said Hunter A. Applewhite, President of the Dominion Energy Charitable Foundation. "We are proud to support them with grants that will strengthen their efforts. That's just one more way Dominion Energy demonstrates its commitment to the communities we serve." ELIZABETH CITY, N.C., June 18, 2024 /PRNewswire/ -- The Dominion Energy Charitable Foundation recently awarded more tha ...

Dominion Energy (D) ended the recent trading session at $51.46, demonstrating a +0.04% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.35%. Analysts and investors alike will be keeping a close eye on the performance of Dominion Energy in its upcoming earnings disclosure. The company is expected to report EPS of $0.59, up 11.32% from the prior-year quarter. Simultaneously ...

About Dominion Energy More than 4.5 million customers in 13 states energize their homes and businesses with electricity or natural gas from the company (NYSE: D), headquartered in Richmond, Va. The company is committed to providing reliable, affordable, and increasingly clean energy every day and to achieving Net Zero emissions by 2050. Please visit DominionEnergy.com to learn more. RICHMOND, Va., June 5, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), today announced the expiration and final results ...

Dominion Energy (D) announced that its unit Dominion Energy Virginia has completed burying 2,000 miles of overhead power lines, which is part of the company's Strategic Underground Program. The shifting of power lines underground will lower storm-related outages and reduce the time for restoration of power in outage-prone areas during the hurricane season. The above-average hurricane seasons means that the utilities will have to be more vigilant and take prompt action to counter the impact of storms. Apart ...

Core Insights - Dominion Energy Virginia has completed burying 2,000 miles of overhead power lines as part of its Strategic Underground Program, aimed at reducing storm-related outages and restoration times [1][6] - The program, initiated in 2014, targets the most outage-prone areas and plans to bury several thousand additional miles of overhead lines in the coming years [1][2] - The company has also implemented the Mainfeeder Hardening program, which has hardened over 265 miles of power lines since 2019, with a goal of hardening 1,000 miles by 2030 [2] Hurricane Preparedness - The Atlantic hurricane season began on June 1 and is expected to be active, prompting the company to remind customers of safety measures [3][6] - Customers are advised to report downed power lines, charge devices, properly connect generators, and prepare emergency supplies before storms [3][7] Company Overview - Dominion Energy serves over 4.5 million customers across 13 states, focusing on reliable, affordable, and clean energy, with a commitment to achieving Net Zero emissions by 2050 [5]

Core Insights - Nvidia reported a year-over-year revenue growth of 262% overall and 427% in the data center segment for Q1 2024, highlighting the strength of the AI boom [1][2] - CEO Jensen Huang indicated that the AI market growth is still in its early stages, with demand outpacing supply [2] - 40% of Nvidia's data center revenue is attributed to AI inference, suggesting that the generative AI market is still in its infancy [3] Industry Analysis - The power consumption of generative AI models is expected to significantly impact the electrical grid, with Goldman Sachs predicting a 160% increase in data center power demand by 2030 [4] - Utility companies, particularly Dominion Energy, are positioned to benefit from the increasing demand for power due to the growth of data centers in Virginia, which hosts 35% of hyperscale data centers globally [5][6] Company Performance - Dominion Energy has seen its stock decline by 33% over the past three years, while the S&P 500 has reached new highs, making it an attractive option for dividend-seeking investors [7][8] - The current dividend yield for Dominion is 5%, appealing to income-focused investors, especially as interest rates are expected to decrease later this year [8][9]