Wall Street analysts forecast that Dominion Energy (D) will report quarterly earnings of $0.54 per share in its upcoming release, pointing to a year-over-year increase of 86.2%. It is anticipated that revenues will amount to $3.51 billion, exhibiting a decline of 0.6% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial proje ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Dominion Energy (D) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 12, 2025, might help the stock move higher if these key numbers are better than ...

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Dominion Energy, Inc. ("Dominion" or the "Company") (NYSE: D). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Dominion and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On February 3, 2025, Do ...

Shares of Dominion Energy (D -4.39%) were moving lower today after the Virginia-based utility company provided an update on an offshore wind project, showing that it would be more expensive than originally planned.As of 1:04 p.m. ET, the stock was down 4.6% on the news. Dominion will pay up for wind powerIn a press release last night, Dominion said its Coastal Virginia Offshore Wind (CVOW) project was now about 50% finished and remains on track for completion at the end of 2026.While that was the good news, ...

Dominion Energy (D) closed the latest trading day at $53.65, indicating a -0.07% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1.83%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 2.45%.Prior to today's trading, shares of the energy company had gained 0.19% over the past month. This has outpaced the Utilities sector's loss of 6.06% and the S&P 500's loss of 3.31% in that time.Investors will be eagerly watching for the performan ...

Core Insights - The demand for electricity from data centers has transitioned from speculation to solidified contracts, indicating a strong growth trajectory for Dominion [1][12][58] - The regulatory environment is favorable for utilities, allowing them to be the primary source of incremental power generation, which supports Dominion's growth plans [2][5][16] - Dominion is making significant progress on the Coast of Virginia Offshore Wind (CVOW) project, which is expected to enhance its position in the offshore wind market [6][54] Demand and Contracts - Approximately 8 GW of data center capacity has entered into electric service agreements with Dominion, ensuring that the utility has customers for its incremental power generation [14][48] - The financial structure of these agreements places the burden of withdrawal on the data centers, further securing Dominion's revenue stream [2][12] Regulatory Environment - The Federal Energy Regulatory Commission (FERC) has been supportive of utilities, rejecting requests for colocation that could shift costs to residential consumers [4][51] - Recent rulings from the Public Service Commission of South Carolina and the North Carolina Utilities Commission have authorized returns on equity (ROE) of 9.94% and 9.95%, respectively, aiding Dominion's growth [16][52] Financial Outlook - Dominion has projected a capital investment of $43 billion between 2025 and 2029, with expectations that this figure may increase due to solidified demand [8][44] - The company is generating a nearly 400 basis point spread between its cost of equity and the allotted ROE, which is expected to lead to significant earnings accretion [9][33] Offshore Wind Development - Monopile driving for the CVOW project has commenced, with 78 successfully installed as of October 31, 2023, and the project is on track for completion by the end of 2026 [6][55] - The levelized cost of energy for the CVOW project has decreased to $56/MWh from an initial estimate of $80-$90, indicating improved project economics [55] Market Position and Growth - Dominion is positioned to become a leader in offshore wind energy in the U.S., with a diversified energy generation portfolio that includes nuclear, natural gas, and solar [27][54] - The anticipated growth rate for Dominion is expected to expand into the high single digits, reflecting the increasing demand and successful project execution [44][35]

Group 1 - Dominion Energy has gained approximately 12.7% year-to-date, outperforming the Utilities sector average gain of about 9.2% [3] - The Zacks Rank for Dominion Energy is currently 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [2][6] - The consensus estimate for Dominion Energy's full-year earnings has increased by 0.1% over the past quarter, reflecting improved analyst sentiment [6] Group 2 - Dominion Energy is part of the Utility - Electric Power industry, which includes 60 companies and has an average gain of 12.4% this year, indicating that Dominion is performing well within its industry [8] - Entergy, another stock in the Utilities sector, has significantly outperformed with a year-to-date return of 47.2% [7] - The Utilities sector, which includes 105 individual stocks, currently holds a Zacks Sector Rank of 8, suggesting a competitive environment [5]

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]