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698700.0
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2022-06-20 00:00:00 UTC
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The Zacks Analyst Blog Highlights Pfizer, Booking Holdings, Dominion Energy, Marriott and Nutrien
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-pfizer-booking-holdings-dominion-energy-marriott-and
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For Immediate Release
Chicago, IL – June 20, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Pfizer Inc. PFE, Booking Holdings Inc. BKNG, Dominion Energy, Inc. D, Marriott International, Inc. MAR and Nutrien Ltd. NTR.
Here are highlights from Friday’s Analyst Blog:
Top Research Reports for Pfizer, Booking.com and Dominion Energy
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Pfizer Inc., Booking Holdings Inc. and Dominion Energy, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Pfizer shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+27.6% vs. +14.0%), reflecting the company's diversified portfolio of innovative drugs and vaccines including Ibrance and Prevnar. The Zacks analyst believes that no company is as strongly placed in the COVID vaccines/treatment market as Pfizer right now. Its COVID-19 vaccine has become a key contributor to the top line.
The vaccine together with Pfizer's promising oral antiviral pill for COVID-19, Paxlovid is expected to generate a combined $54 billion in sales in 2022. Pfizer boasts a sustainable pipeline with multiple late-stage programs that can drive growth.
However, currency headwinds and pricing pressure are key top-line headwinds. Concerns remain about long-term growth drivers beyond its COVID-related products due to competitive pressure.
(You can read the full research report on Pfizer here >>>)
Booking shares have declined -15.6% over the past year against the Zacks Internet - Commerce industry's decline of -48.7% on the back of steady improvement in booking trends. That said, the Zacks analyst sees uncertainties related to the economic outlook and ongoing coronavirus pandemic as still a headwind.
Additionally, the company is experiencing solid momentum in international regions, which is a positive. Also, strong growth in rental car, airline ticket units and booked room nights is another positive. This apart, solid momentum across the agency, merchant, and advertising and other businesses is contributing well. The ongoing vaccination drive and lifting up of travel restrictions in many parts of the world remain major tailwinds. Further, strengthening alternative accommodation business and flight capabilities are major positives.
(You can read the full research report on Booking here >>>)
Dominion Energy shares have modestly outperformed the Zacks Utility - Electric Power industry over the past year (+1.9% vs. +1.6%). The company's planned investment will strengthen the electric and natural gas infrastructure, and ensure consistent high-quality services for customers. Contribution from organic as well as inorganic assets will boost its earnings.
The divestiture of Gas Transmission & Storage operations will increase Dominion Energy's focus on regulated operations. New clean energy projects will help it achieve carbon neutrality by 2050. The company has enough liquidity to meet obligations. In the past six months, Dominion's shares have outperformed the industry.
However, Dominion Energy's decision to discontinue the Atlantic Coast Pipeline after investing billions of dollars will impact long-term prospects. Risks of operating nuclear power plants and any failure by third-party producers to supply gas could impact profitability.
(You can read the full research report on Dominion Energy here >>>)
Other noteworthy reports we are featuring today include Marriott International, Inc. and Nutrien Ltd.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Pfizer Inc. (PFE): Free Stock Analysis Report
Marriott International, Inc. (MAR): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Nutrien Ltd. (NTR): Free Stock Analysis Report
Booking Holdings Inc. (BKNG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Pfizer Inc. PFE, Booking Holdings Inc. BKNG, Dominion Energy, Inc. D, Marriott International, Inc. MAR and Nutrien Ltd. NTR. You can see all of today's research reports here >>> Pfizer shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+27.6% vs. +14.0%), reflecting the company's diversified portfolio of innovative drugs and vaccines including Ibrance and Prevnar. (You can read the full research report on Booking here >>>) Dominion Energy shares have modestly outperformed the Zacks Utility - Electric Power industry over the past year (+1.9% vs. +1.6%).
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Stocks recently featured in the blog include: Pfizer Inc. PFE, Booking Holdings Inc. BKNG, Dominion Energy, Inc. D, Marriott International, Inc. MAR and Nutrien Ltd. NTR. Today's Research Daily features new research reports on 16 major stocks, including Pfizer Inc., Booking Holdings Inc. and Dominion Energy, Inc. (You can read the full research report on Booking here >>>) Dominion Energy shares have modestly outperformed the Zacks Utility - Electric Power industry over the past year (+1.9% vs. +1.6%).
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Here are highlights from Friday’s Analyst Blog: Top Research Reports for Pfizer, Booking.com and Dominion Energy The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Pfizer Inc., Booking Holdings Inc. and Dominion Energy, Inc. You can see all of today's research reports here >>> Pfizer shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+27.6% vs. +14.0%), reflecting the company's diversified portfolio of innovative drugs and vaccines including Ibrance and Prevnar.
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Today's Research Daily features new research reports on 16 major stocks, including Pfizer Inc., Booking Holdings Inc. and Dominion Energy, Inc. (You can read the full research report on Dominion Energy here >>>) Dominion Energy Inc. (D): Free Stock Analysis Report
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698701.0
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2022-06-17 00:00:00 UTC
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Top Research Reports for Pfizer, Booking & Dominion Energy
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https://www.nasdaq.com/articles/top-research-reports-for-pfizer-booking-dominion-energy
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Friday, June 17, 2022
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Pfizer Inc. (PFE), Booking Holdings Inc. (BKNG), and Dominion Energy, Inc. (D). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Pfizer shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+27.6% vs. +14.0%), reflecting the company's diversified portfolio of innovative drugs and vaccines including Ibrance and Prevnar. The Zacks analyst believes that no company is as strongly placed in the COVID vaccines/treatment market as Pfizer right now. Its COVID-19 vaccine has become a key contributor to the top line.
The vaccine together with Pfizer’s promising oral antiviral pill for COVID-19, Paxlovid is expected to generate a combined $54 billion in sales in 2022. Pfizer boasts a sustainable pipeline with multiple late-stage programs that can drive growth.
However, currency headwinds and pricing pressure are key top-line headwinds. Concerns remain about long-term growth drivers beyond its COVID-related products due to competitive pressure.
(You can read the full research report on Pfizer here >>>)
Booking shares have declined -15.6% over the past year against the Zacks Internet - Commerce industry’s decline of -48.7% on the back of steady improvement in booking trends. That said, the Zacks analyst sees uncertainties related to the economic outlook and ongoing coronavirus pandemic as still a headwind.
Additionally, the company is experiencing solid momentum in international regions, which is a positive. Also, strong growth in rental car, airline ticket units and booked room nights is another positive. This apart, solid momentum across the agency, merchant, and advertising and other businesses is contributing well. The ongoing vaccination drive and lifting up of travel restrictions in many parts of the world remain major tailwinds. Further, strengthening alternative accommodation business and flight capabilities are major positives.
(You can read the full research report on Booking here >>>)
Dominion Energy shares have modestly outperformed the Zacks Utility - Electric Power industry over the past year (+1.9% vs. +1.6%). The company’s planned investment will strengthen the electric and natural gas infrastructure, and ensure consistent high-quality services for customers. Contribution from organic as well as inorganic assets will boost its earnings. The divestiture of Gas Transmission & Storage operations will increase Dominion Energy’s focus on regulated operations. New clean energy projects will help it achieve carbon neutrality by 2050. The company has enough liquidity to meet obligations. In the past six months, Dominion's shares have outperformed the industry.
However, Dominion Energy's decision to discontinue the Atlantic Coast Pipeline after investing billions of dollars will impact long-term prospects. Risks of operating nuclear power plants and any failure by third-party producers to supply gas could impact profitability.
(You can read the full research report on Dominion Energy here >>>)
Other noteworthy reports we are featuring today include TotalEnergies SE (TTE), Marriott International, Inc. (MAR) and Nutrien Ltd. (NTR).
Sheraz Mian
Director of Research
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Pfizer's (PFE) 2022 Sales to Ride on COVID Vaccine & Pill
Booking Holdings (BKNG) Banks on Improving Customer Bookings
Investment on Infrastructure & Clean Assets Aid Dominion (D)
Featured Reports
Inorganic Growth Moves Aid UBS Amid Prevailing Costs Woes
Per Zacks analyst, strong capital position and opportunistic expansions are likely to aid UBS' financials. However, escalating costs are a threat to the profitability.
Marriott (MAR) Likely to Gain From Robust Expansion Efforts
The Zacks analyst believes that Marriott's efforts to expand its footprint and improving demand bode well. At the end of first-quarter 2022, Marriott's development pipeline totaled nearly 2,878 hotels
Ecolab (ECL) Continues to Gain From Cost Efficiency Program
The Zacks analyst is upbeat about Ecolab's cost efficiency program which will likely deliver continued strong sales gains despite its operation in a stiff competitive space.
Travelers' (TRV) Auto & Homeowners Aids, Cat Loss Ails
Per the Zacks analyst, persistent progress and strong market of the auto and homeowners businesses have driven revenues of the company. However, exposure to cat loss induces earnings volatility.
Cheniere (LNG) to Gain from Sustained Gas Export Strength
The Zacks analyst believes that being one of the few liquefied natural gas exporters of the U.S., Cheniere Energy is set to capitalize on the sustained strength in shipments to Europe and Asia.n
Gartner (IT) Benefits From High-Quality Analysis Offering
The Zacks analyst believes that Gartner's high-quality, timely, thought-provoking and comprehensive analysis offering helps it to counter growing competition.
Sensata (ST) Benefits from Product Portfolio & Acquisitions
Per Zacks analyst, Sensata's performance is gaining from strength in product portfolio. Strategic acquisitions and growth across the heavy vehicle and industrial markets are major tailwinds.
New Upgrades
Expanding LNG & Clean Energy Assets Aid TotalEnergies (TTE)
Per the Zacks analyst TotalEnergies's presence in entire LNG value chain and expansion of clean energy generation through joint venture and acquisition will boost its performance.
Nutrien (NTR) Gains on Strong Demand and Higher Prices
Per the Zacks analyst, the company will gain from solid demand for fertilizers driven by the strength in global agriculture markets. Higher prices for crop nutrients will also support its margins.
Investments in E-Commerce & Cost Control Aid Grainger (GWW)
Per the Zacks Analyst, Grainger will benefit from investments in e-commerce and digital capabilities, focus on strengthening customer base in the United States and cost control actions.
New Downgrades
Stiff Competition for Tepezza Weighs Heavily on Horizon (HZNP)
Per the Zacks analyst, Horizon's portfolio of marketed drugs faces intense competition from other healthcare companies. Also, the recent regulatory setback for Tepezza do not bode well for the company
Supply Constraints to Hurt Hewlett Packard's (HPE) Prospects
Per the Zacks analyst, despite strong demand for its technology solutions, Hewlett Packard Enterprise might not be able to fully capitalize on opportunity due to supply-chain constraints.
Higher Freight Costs Hurt Abercrombie's (ANF) Gross Margins
Per the Zacks analyst, the volatile supply environment and higher freight costs have been weighing on Abercrombie's gross margin. It expects higher costs to be a headwind throughout fiscal 2022.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Pfizer Inc. (PFE): Free Stock Analysis Report
Marriott International, Inc. (MAR): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Nutrien Ltd. (NTR): Free Stock Analysis Report
Booking Holdings Inc. (BKNG): Free Stock Analysis Report
TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You can see all of today’s research reports here >>> Pfizer shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+27.6% vs. +14.0%), reflecting the company's diversified portfolio of innovative drugs and vaccines including Ibrance and Prevnar. (You can read the full research report on Booking here >>>) Dominion Energy shares have modestly outperformed the Zacks Utility - Electric Power industry over the past year (+1.9% vs. +1.6%). Cheniere (LNG) to Gain from Sustained Gas Export Strength The Zacks analyst believes that being one of the few liquefied natural gas exporters of the U.S., Cheniere Energy is set to capitalize on the sustained strength in shipments to Europe and Asia.n Gartner (IT) Benefits From High-Quality Analysis Offering The Zacks analyst believes that Gartner's high-quality, timely, thought-provoking and comprehensive analysis offering helps it to counter growing competition.
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Today's Research Daily features new research reports on 16 major stocks, including Pfizer Inc. (PFE), Booking Holdings Inc. (BKNG), and Dominion Energy, Inc. (D). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Pfizer's (PFE) 2022 Sales to Ride on COVID Vaccine & Pill Booking Holdings (BKNG) Banks on Improving Customer Bookings Investment on Infrastructure & Clean Assets Aid Dominion (D) Featured Reports Inorganic Growth Moves Aid UBS Amid Prevailing Costs Woes Per Zacks analyst, strong capital position and opportunistic expansions are likely to aid UBS' financials. Higher Freight Costs Hurt Abercrombie's (ANF) Gross Margins Per the Zacks analyst, the volatile supply environment and higher freight costs have been weighing on Abercrombie's gross margin.
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Today's Research Daily features new research reports on 16 major stocks, including Pfizer Inc. (PFE), Booking Holdings Inc. (BKNG), and Dominion Energy, Inc. (D). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Pfizer's (PFE) 2022 Sales to Ride on COVID Vaccine & Pill Booking Holdings (BKNG) Banks on Improving Customer Bookings Investment on Infrastructure & Clean Assets Aid Dominion (D) Featured Reports Inorganic Growth Moves Aid UBS Amid Prevailing Costs Woes Per Zacks analyst, strong capital position and opportunistic expansions are likely to aid UBS' financials. Cheniere (LNG) to Gain from Sustained Gas Export Strength The Zacks analyst believes that being one of the few liquefied natural gas exporters of the U.S., Cheniere Energy is set to capitalize on the sustained strength in shipments to Europe and Asia.n Gartner (IT) Benefits From High-Quality Analysis Offering The Zacks analyst believes that Gartner's high-quality, timely, thought-provoking and comprehensive analysis offering helps it to counter growing competition.
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(You can read the full research report on Dominion Energy here >>>) If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Pfizer's (PFE) 2022 Sales to Ride on COVID Vaccine & Pill Booking Holdings (BKNG) Banks on Improving Customer Bookings Investment on Infrastructure & Clean Assets Aid Dominion (D) Featured Reports Inorganic Growth Moves Aid UBS Amid Prevailing Costs Woes Per Zacks analyst, strong capital position and opportunistic expansions are likely to aid UBS' financials. Nutrien (NTR) Gains on Strong Demand and Higher Prices Per the Zacks analyst, the company will gain from solid demand for fertilizers driven by the strength in global agriculture markets.
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698702.0
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2022-06-17 00:00:00 UTC
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The Utilities Select Sector SPDR Fund Experiences Big Inflow
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D
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https://www.nasdaq.com/articles/the-utilities-select-sector-spdr-fund-experiences-big-inflow
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $333.9 million dollar inflow -- that's a 2.3% increase week over week in outstanding units (from 222,520,000 to 227,620,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is down about 1.1%, Southern Company (Symbol: SO) is off about 1.4%, and Dominion Energy Inc (Symbol: D) is lower by about 1.6%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $64.92. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $333.9 million dollar inflow -- that's a 2.3% increase week over week in outstanding units (from 222,520,000 to 227,620,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is down about 1.1%, Southern Company (Symbol: SO) is off about 1.4%, and Dominion Energy Inc (Symbol: D) is lower by about 1.6%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $64.92. Free Report: Top 7%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $333.9 million dollar inflow -- that's a 2.3% increase week over week in outstanding units (from 222,520,000 to 227,620,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $64.92. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $333.9 million dollar inflow -- that's a 2.3% increase week over week in outstanding units (from 222,520,000 to 227,620,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $64.92. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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698703.0
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2022-06-16 00:00:00 UTC
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Dominion Energy (D) Stock Moves -0.67%: What You Should Know
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D
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https://www.nasdaq.com/articles/dominion-energy-d-stock-moves-0.67%3A-what-you-should-know
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In the latest trading session, Dominion Energy (D) closed at $74.38, marking a -0.67% move from the previous day. This move was narrower than the S&P 500's daily loss of 3.25%. At the same time, the Dow lost 2.42%, and the tech-heavy Nasdaq lost 0.41%.
Coming into today, shares of the energy company had lost 9.41% in the past month. In that same time, the Utilities sector lost 6.04%, while the S&P 500 lost 5.62%.
Wall Street will be looking for positivity from Dominion Energy as it approaches its next earnings report date. The company is expected to report EPS of $0.77, up 1.32% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.43 billion, up 13.01% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.11 per share and revenue of $15.86 billion, which would represent changes of +6.48% and +13.54%, respectively, from the prior year.
Any recent changes to analyst estimates for Dominion Energy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.04% lower within the past month. Dominion Energy is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Dominion Energy's current valuation metrics, including its Forward P/E ratio of 18.2. Its industry sports an average Forward P/E of 17.92, so we one might conclude that Dominion Energy is trading at a premium comparatively.
Meanwhile, D's PEG ratio is currently 2.89. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. D's industry had an average PEG ratio of 3.02 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Dominion Energy (D) closed at $74.38, marking a -0.67% move from the previous day. Investors should also note Dominion Energy's current valuation metrics, including its Forward P/E ratio of 18.2. Its industry sports an average Forward P/E of 17.92, so we one might conclude that Dominion Energy is trading at a premium comparatively.
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As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Dominion Energy is holding a Zacks Rank of #3 (Hold) right now. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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The Zacks Consensus EPS estimate has moved 0.04% lower within the past month. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% of all 250+ industries. Dominion Energy Inc. (D): Free Stock Analysis Report
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698704.0
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2022-06-13 00:00:00 UTC
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Dominion Energy Stock Getting Very Oversold
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D
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https://www.nasdaq.com/articles/dominion-energy-stock-getting-very-oversold
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nan
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In trading on Monday, shares of Dominion Energy Inc (Symbol: D) entered into oversold territory, changing hands as low as $76.96 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Dominion Energy Inc, the RSI reading has hit 27.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 42.7, the RSI of WTI Crude Oil is at 58.6, the RSI of Henry Hub Natural Gas is presently 51.8, and the 3-2-1 Crack Spread RSI is 46.1. A bullish investor could look at D's 27.7 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), D's low point in its 52 week range is $70.37 per share, with $88.78 as the 52 week high point — that compares with a last trade of $76.96. Dominion Energy Inc shares are currently trading down about 3% on the day.
The D RSI information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other oversold energy stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A bullish investor could look at D's 27.7 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The D RSI information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other oversold energy stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the case of Dominion Energy Inc, the RSI reading has hit 27.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 42.7, the RSI of WTI Crude Oil is at 58.6, the RSI of Henry Hub Natural Gas is presently 51.8, and the 3-2-1 Crack Spread RSI is 46.1. Looking at a chart of one year performance (below), D's low point in its 52 week range is $70.37 per share, with $88.78 as the 52 week high point — that compares with a last trade of $76.96. The D RSI information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other oversold energy stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Dominion Energy Inc (Symbol: D) entered into oversold territory, changing hands as low as $76.96 per share. In the case of Dominion Energy Inc, the RSI reading has hit 27.7 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 42.7, the RSI of WTI Crude Oil is at 58.6, the RSI of Henry Hub Natural Gas is presently 51.8, and the 3-2-1 Crack Spread RSI is 46.1. The D RSI information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other oversold energy stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of Dominion Energy Inc (Symbol: D) entered into oversold territory, changing hands as low as $76.96 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
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698705.0
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2022-06-13 00:00:00 UTC
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The Zacks Analyst Blog Highlights Exxon Mobil, Coca-Cola, Thermo Fisher Scientific, The Progressive, and Dominion Energy
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For Immediate Release
Chicago, IL – June 13, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, The Coca-Cola Co. KO, Thermo Fisher Scientific Inc. TMO, The Progressive Corp. PGR, and Dominion Energy, Inc. D.
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Exxon Mobil, Coca-Cola and Thermo Fisher
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corp., The Coca-Cola Co., and Thermo Fisher Scientific Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Exxon Mobil shares have outperformed the Zacks Oil and Gas - Integrated - International industry over the past year (+71.4% vs. +55.9%). The company's bellwether status and an optimal integrated capital structure that has historically produced industry-leading returns make it a relatively lower-risk energy sector play.
The company made three oil discoveries in the Stabroek Block, which will increase its recoverable resources estimates to 11 billion oil-equivalent barrels. It also has a strong presence in the prolific Permian Basin, where it continues to lower its fracking & drilling costs.
To capitalize on mounting demand for clean energy, ExxonMobil is making efforts to create more efficient fuels while reducing emissions. Notably, it has significantly lower debt exposure than other integrated majors. ExxonMobil has increased its stock repurchase program from $10 billion to $30 billion. The energy giant has planned to execute the repurchases through next year.
(You can read the full research report Exxom Mobil here >>>)
Coca-Cola shares have outperformed the Beverages - Soft drinks industry over the past year (+14.0% vs. +8.2%). The company benefited from the strategic transformation and ongoing recovery around the world. Strength across the majority of the markets, investments in the marketplace, recovery in certain markets as well as the cycling of last year's pandemic-led impacts aided volumes.
The company retained its upbeat 2022 view. It is poised to gain from innovations and accelerating digital investments.
However, pressures from higher supply chain costs, including transportation and input costs remain. Higher marketing spending are also concerning. Also, the unfavorable currency is expected to hurt the top and bottom lines in the second quarter and 2022.
(You can read the full research report Coca-Cola here >>>)
Thermo Fisher shares have outperformed the Medical - Instruments industry over the past year (+16.4% vs. -21.1%). The company's robust year-over-year revenue growth in the Analytical Instruments and the Laboratory Products and Biopharma Services segments appears promising.
The company's strategic acquisitions of PPD, Inc. and PeproTech raise investors' confidence. Thermo Fisher's accelerated investments to expand bioproduction capacity also buoy optimism. The upbeat guidance for 2022 is indicative that this growth momentum will continue.
However, the year-over-year decline in revenues in the Specialty Diagnostics segment is disappointing. The contraction of both margins does not bode well either.
(You can read the full research report Thermo Fisher here >>>)
Other noteworthy reports we are featuring today include The Progressive Corp., and Dominion Energy, Inc.
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CocaCola Company The (KO): Free Stock Analysis Report
Exxon Mobil Corporation (XOM): Free Stock Analysis Report
Thermo Fisher Scientific Inc. (TMO): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
The Progressive Corporation (PGR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, The Coca-Cola Co. KO, Thermo Fisher Scientific Inc. TMO, The Progressive Corp. PGR, and Dominion Energy, Inc. D. Here are highlights from Friday’s Analyst Blog: Top Stock Reports for Exxon Mobil, Coca-Cola and Thermo Fisher The Zacks Research Daily presents the best research output of our analyst team. The company's bellwether status and an optimal integrated capital structure that has historically produced industry-leading returns make it a relatively lower-risk energy sector play. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, The Coca-Cola Co. KO, Thermo Fisher Scientific Inc. TMO, The Progressive Corp. PGR, and Dominion Energy, Inc. D. Here are highlights from Friday’s Analyst Blog: Top Stock Reports for Exxon Mobil, Coca-Cola and Thermo Fisher The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corp., The Coca-Cola Co., and Thermo Fisher Scientific Inc. (You can read the full research report Coca-Cola here >>>) Thermo Fisher shares have outperformed the Medical - Instruments industry over the past year (+16.4% vs. -21.1%).
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Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, The Coca-Cola Co. KO, Thermo Fisher Scientific Inc. TMO, The Progressive Corp. PGR, and Dominion Energy, Inc. D. Here are highlights from Friday’s Analyst Blog: Top Stock Reports for Exxon Mobil, Coca-Cola and Thermo Fisher The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corp., The Coca-Cola Co., and Thermo Fisher Scientific Inc. (You can read the full research report Thermo Fisher here >>>) Other noteworthy reports we are featuring today include The Progressive Corp., and Dominion Energy, Inc. Why Haven't You Looked at Zacks' Top Stocks?
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Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, The Coca-Cola Co. KO, Thermo Fisher Scientific Inc. TMO, The Progressive Corp. PGR, and Dominion Energy, Inc. D. Here are highlights from Friday’s Analyst Blog: Top Stock Reports for Exxon Mobil, Coca-Cola and Thermo Fisher The Zacks Research Daily presents the best research output of our analyst team. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. For Immediate Release Chicago, IL – June 13, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog.
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2022-06-10 00:00:00 UTC
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Top Stock Reports for Exxon Mobil, Coca-Cola & Thermo Fisher
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https://www.nasdaq.com/articles/top-stock-reports-for-exxon-mobil-coca-cola-thermo-fisher
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Friday, June 10, 2022
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corporation (XOM), The Coca-Cola Company (KO), and Thermo Fisher Scientific Inc. (TMO). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Exxon Mobil shares have outperformed the Zacks Oil and Gas - Integrated - International industry over the past year (+71.4% vs. +55.9%). The company’s bellwether status and an optimal integrated capital structure that has historically produced industry-leading returns make it a relatively lower-risk energy sector play. The company made three oil discoveries in the Stabroek Block, which will increase its recoverable resources estimates to 11 billion oil-equivalent barrels. It also has a strong presence in the prolific Permian Basin, where it continues to lower its fracking & drilling costs.
To capitalize on mounting demand for clean energy, ExxonMobil is making efforts to create more efficient fuels while reducing emissions. Notably, it has significantly lower debt exposure than other integrated majors. ExxonMobil has increased its stock repurchase program from $10 billion to $30 billion. The energy giant has planned to execute the repurchases through next year.
(You can read the full research report Exxom Mobil here >>>)
Coca-Cola shares have outperformed the Beverages - Soft drinks industry over the past year (+14.0% vs. +8.2%). The company benefited from the strategic transformation and ongoing recovery around the world. Strength across the majority of the markets, investments in the marketplace, recovery in certain markets as well as the cycling of last year’s pandemic-led impacts aided volumes. The company retained its upbeat 2022 view. It is poised to gain from innovations and accelerating digital investments.
However, pressures from higher supply chain costs, including transportation and input costs remain. Higher marketing spending are also concerning. Also, the unfavorable currency is expected to hurt the top and bottom lines in the second quarter and 2022.
(You can read the full research report Coca-Cola here >>>)
Thermo Fisher shares have outperformed the Medical - Instruments industry over the past year (+16.4% vs. -21.1%). The company’s robust year-over-year revenue growth in the Analytical Instruments and the Laboratory Products and Biopharma Services segments appears promising. The company’s strategic acquisitions of PPD, Inc. and PeproTech raise investors’ confidence. Thermo Fisher’s accelerated investments to expand bioproduction capacity also buoy optimism. The upbeat guidance for 2022 is indicative that this growth momentum will continue.
However, the year-over-year decline in revenues in the Specialty Diagnostics segment is disappointing. The contraction of both margins does not bode well either.
(You can read the full research report Thermo Fisher here >>>)
Other noteworthy reports we are featuring today include PepsiCo, Inc. (PEP), The Progressive Corporation (PGR), and Dominion Energy, Inc. (D).
Sheraz Mian
Director of Research
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
ExxonMobil (XOM) Gains From Discoveries at Stabroek Block
Coca-Cola's (KO) Digital Investments to Aid the Top Line
Thermo Fisher (TMO) Grows Internationally Amid Forex Woes
Featured Reports
PepsiCo's (PEP) Business Investments to Bolster Performance
Per the Zacks analyst, PepsiCo gains from investments in brands, go-to-market systems, supply chains, and manufacturing and digital capabilities to build competitive advantages. This aided Q1 results.
Progressive's (PGR) Solid Policies in Force Aid, Cat Loss Ail
Per the Zacks analyst, Progressive is set to grow on, solid policies in force, competitive rates and leadership position. However, cat loss exposure inducing underwriting volatility ails.
Investment on Infrastructure & Clean Assets Aid Dominion (D)
Per the Zacks analyst, Dominion's investment of $37 billion through 2026 to enhance clean electricity generation and strengthen its infrastructure will boost its profitability.
Permian Basin Focus, Cost Management Aid Occidental (OXY)
Per the Zacks analyst Occidental's acquisition of Anadarko expanded its operation in resource rich Permian Basin and efficient cost management will drive its performance over the long run.
Elevated Expenses and Stiff Competition Hurt Moody's (MCO)
Per the Zacks analyst, Moody's efforts to grow inorganically are likely to keep costs high, thus hurting bottom line growth. Also, stiff competition across the credit rating industry remains a woe.
Fortinet (FTNT) Rides on Product Strength, Marketing Efforts
Per the Zacks analyst, Fortinet is gaining from solid contributions of its growth-oriented products Security Fabric, cloud and SD-WAN. Increasing marketing efforts are also a positive.
Agilent (A) Gains from Strength in Chemical & Energy Market
Per the Zacks analyst, Agilent's solid momentum in the chemical and energy market is helping it strengthen its Life Sciences & Applied Markets Group segment.
New Upgrades
Global Expansion Efforts Aid SVB Financial (SIVB) Top Line
Per the Zacks analyst, supported by a solid balance sheet position, SVB Financial continues to take efforts to expand globally. These initiatives are expected to keep supporting revenue growth.
Aspen (AZPN) to Gain From Product Portfolio & Acquisitions
Per the Zacks analyst, Aspen will benefit from rapid adoption of cloud-based solutions. The integration with Emerson's OSI Inc and the Geological Simulation Software business also bodes well.
United Natural (UNFI) Benefits From Cross Selling Revenue
Per the Zacks analyst, United Natural is benefiting from cross selling gains. During fiscal third-quarter, cross selling gains with existing customers added incremental $95 million of revenue.
New Downgrades
Lower Orders & High Input Costs to Hurt Manitowoc
The Zacks Analyst is concerned that the ongoing supply chain challenges, inflationary costs and skilled labor shortages as well as the recent drop in order levels will hurt Manitowoc's results.
Qorvo (QRVO) Plagued by Supply Chain Woes, Price Volatility
Per the Zacks analyst, Qorvo is likely to be plagued by fresh lockdown restrictions in China, raw material price volatility and supply chain disruptions owing to the prolonged Russia-Ukraine war.
MAXIMUS (MMS) Continues to Grapple With Higher Expenses
The Zacks Analyst is worried about MAXIMUS's rising selling, general, and administrative expenses that are likely to weigh on the company's bottom line.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CocaCola Company The (KO): Free Stock Analysis Report
Exxon Mobil Corporation (XOM): Free Stock Analysis Report
Thermo Fisher Scientific Inc. (TMO): Free Stock Analysis Report
PepsiCo, Inc. (PEP): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
The Progressive Corporation (PGR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You can see all of today’s research reports here >>> Exxon Mobil shares have outperformed the Zacks Oil and Gas - Integrated - International industry over the past year (+71.4% vs. +55.9%). The company’s bellwether status and an optimal integrated capital structure that has historically produced industry-leading returns make it a relatively lower-risk energy sector play. (You can read the full research report Exxom Mobil here >>>) Coca-Cola shares have outperformed the Beverages - Soft drinks industry over the past year (+14.0% vs. +8.2%).
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Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corporation (XOM), The Coca-Cola Company (KO), and Thermo Fisher Scientific Inc. (TMO). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read ExxonMobil (XOM) Gains From Discoveries at Stabroek Block Coca-Cola's (KO) Digital Investments to Aid the Top Line Thermo Fisher (TMO) Grows Internationally Amid Forex Woes Featured Reports PepsiCo's (PEP) Business Investments to Bolster Performance Per the Zacks analyst, PepsiCo gains from investments in brands, go-to-market systems, supply chains, and manufacturing and digital capabilities to build competitive advantages. Progressive's (PGR) Solid Policies in Force Aid, Cat Loss Ail Per the Zacks analyst, Progressive is set to grow on, solid policies in force, competitive rates and leadership position.
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Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corporation (XOM), The Coca-Cola Company (KO), and Thermo Fisher Scientific Inc. (TMO). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read ExxonMobil (XOM) Gains From Discoveries at Stabroek Block Coca-Cola's (KO) Digital Investments to Aid the Top Line Thermo Fisher (TMO) Grows Internationally Amid Forex Woes Featured Reports PepsiCo's (PEP) Business Investments to Bolster Performance Per the Zacks analyst, PepsiCo gains from investments in brands, go-to-market systems, supply chains, and manufacturing and digital capabilities to build competitive advantages. Agilent (A) Gains from Strength in Chemical & Energy Market Per the Zacks analyst, Agilent's solid momentum in the chemical and energy market is helping it strengthen its Life Sciences & Applied Markets Group segment.
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Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corporation (XOM), The Coca-Cola Company (KO), and Thermo Fisher Scientific Inc. (TMO). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read ExxonMobil (XOM) Gains From Discoveries at Stabroek Block Coca-Cola's (KO) Digital Investments to Aid the Top Line Thermo Fisher (TMO) Grows Internationally Amid Forex Woes Featured Reports PepsiCo's (PEP) Business Investments to Bolster Performance Per the Zacks analyst, PepsiCo gains from investments in brands, go-to-market systems, supply chains, and manufacturing and digital capabilities to build competitive advantages.
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2022-06-10 00:00:00 UTC
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Land This Bargain Energy Stock Even Cheaper Than CEO Blue Did
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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on February 16, Dominion Energy Inc's CEO, Robert M. Blue, invested $249,325.36 into 3,180 shares of D, for a cost per share of $78.40. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of Dominion Energy Inc (Symbol: D) and achieve a cost basis even cheaper than Blue, with shares changing hands as low as $78.29 per share. It should be noted that Blue has collected $1.34/share in dividends since the time of their purchase, so they are currently up 1.6% on their purchase from a total return basis. Dominion Energy Inc shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of D shares, versus its 200 day moving average:
Looking at the chart above, D's low point in its 52 week range is $70.37 per share, with $88.78 as the 52 week high point — that compares with a last trade of $78.57. By comparison, below is a table showing the prices at which D insider buying was recorded over the last six months:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
02/16/2022 Robert M. Blue Chair, President and CEO 3,180 $78.40 $249,325.36
Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The chart below shows the one year performance of D shares, versus its 200 day moving average: Looking at the chart above, D's low point in its 52 week range is $70.37 per share, with $88.78 as the 52 week high point — that compares with a last trade of $78.57. By comparison, below is a table showing the prices at which D insider buying was recorded over the last six months: 02/16/2022 Robert M. Blue Chair, President and CEO 3,180 $78.40 $249,325.36 Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Back on February 16, Dominion Energy Inc's CEO, Robert M. Blue, invested $249,325.36 into 3,180 shares of D, for a cost per share of $78.40. In trading on Friday, bargain hunters could buy shares of Dominion Energy Inc (Symbol: D) and achieve a cost basis even cheaper than Blue, with shares changing hands as low as $78.29 per share. 02/16/2022 Robert M. Blue Chair, President and CEO 3,180 $78.40 $249,325.36 Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of Dominion Energy Inc (Symbol: D) and achieve a cost basis even cheaper than Blue, with shares changing hands as low as $78.29 per share. 02/16/2022 Robert M. Blue Chair, President and CEO 3,180 $78.40 $249,325.36 Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Back on February 16, Dominion Energy Inc's CEO, Robert M. Blue, invested $249,325.36 into 3,180 shares of D, for a cost per share of $78.40. In trading on Friday, bargain hunters could buy shares of Dominion Energy Inc (Symbol: D) and achieve a cost basis even cheaper than Blue, with shares changing hands as low as $78.29 per share. Dominion Energy Inc shares are currently trading down about 1.1% on the day.
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2022-06-10 00:00:00 UTC
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ECLN's Underlying Holdings Imply 10% Gain Potential
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust EIP Carbon Impact ETF (Symbol: ECLN), we found that the implied analyst target price for the ETF based upon its underlying holdings is $28.61 per unit.
With ECLN trading at a recent price near $26.09 per unit, that means that analysts see 9.64% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of ECLN's underlying holdings with notable upside to their analyst target prices are American Water Works Co, Inc. (Symbol: AWK), Chesapeake Utilities Corp. (Symbol: CPK), and Dominion Energy Inc (Symbol: D). Although AWK has traded at a recent price of $150.56/share, the average analyst target is 13.13% higher at $170.33/share. Similarly, CPK has 10.31% upside from the recent share price of $129.03 if the average analyst target price of $142.33/share is reached, and analysts on average are expecting D to reach a target price of $87.30/share, which is 10.03% above the recent price of $79.34. Below is a twelve month price history chart comparing the stock performance of AWK, CPK, and D:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
First Trust EIP Carbon Impact ETF ECLN $26.09 $28.61 9.64%
American Water Works Co, Inc. AWK $150.56 $170.33 13.13%
Chesapeake Utilities Corp. CPK $129.03 $142.33 10.31%
Dominion Energy Inc D $79.34 $87.30 10.03%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although AWK has traded at a recent price of $150.56/share, the average analyst target is 13.13% higher at $170.33/share. First Trust EIP Carbon Impact ETF ECLN $26.09 $28.61 9.64% American Water Works Co, Inc. AWK $150.56 $170.33 13.13% Chesapeake Utilities Corp. CPK $129.03 $142.33 10.31% Dominion Energy Inc D $79.34 $87.30 10.03% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments?
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For the First Trust EIP Carbon Impact ETF (Symbol: ECLN), we found that the implied analyst target price for the ETF based upon its underlying holdings is $28.61 per unit. Three of ECLN's underlying holdings with notable upside to their analyst target prices are American Water Works Co, Inc. (Symbol: AWK), Chesapeake Utilities Corp. (Symbol: CPK), and Dominion Energy Inc (Symbol: D). First Trust EIP Carbon Impact ETF ECLN $26.09 $28.61 9.64% American Water Works Co, Inc. AWK $150.56 $170.33 13.13% Chesapeake Utilities Corp. CPK $129.03 $142.33 10.31% Dominion Energy Inc D $79.34 $87.30 10.03% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, CPK has 10.31% upside from the recent share price of $129.03 if the average analyst target price of $142.33/share is reached, and analysts on average are expecting D to reach a target price of $87.30/share, which is 10.03% above the recent price of $79.34. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. With ECLN trading at a recent price near $26.09 per unit, that means that analysts see 9.64% upside for this ETF looking through to the average analyst targets of the underlying holdings. First Trust EIP Carbon Impact ETF ECLN $26.09 $28.61 9.64% American Water Works Co, Inc. AWK $150.56 $170.33 13.13% Chesapeake Utilities Corp. CPK $129.03 $142.33 10.31% Dominion Energy Inc D $79.34 $87.30 10.03% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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698709.0
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2022-06-09 00:00:00 UTC
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Notable ETF Inflow Detected - IGF, DUK, SO, D
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D
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https://www.nasdaq.com/articles/notable-etf-inflow-detected-igf-duk-so-d
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Infrastructure ETF (Symbol: IGF) where we have detected an approximate $107.3 million dollar inflow -- that's a 3.0% increase week over week in outstanding units (from 69,000,000 to 71,100,000). Among the largest underlying components of IGF, in trading today Duke Energy Corp (Symbol: DUK) is off about 0.1%, Southern Company (Symbol: SO) is up about 0.2%, and Dominion Energy Inc (Symbol: D) is higher by about 0.6%. For a complete list of holdings, visit the IGF Holdings page » The chart below shows the one year price performance of IGF, versus its 200 day moving average:
Looking at the chart above, IGF's low point in its 52 week range is $44.45 per share, with $52.15 as the 52 week high point — that compares with a last trade of $49.96. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the IGF Holdings page » The chart below shows the one year price performance of IGF, versus its 200 day moving average: Looking at the chart above, IGF's low point in its 52 week range is $44.45 per share, with $52.15 as the 52 week high point — that compares with a last trade of $49.96. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IGF, in trading today Duke Energy Corp (Symbol: DUK) is off about 0.1%, Southern Company (Symbol: SO) is up about 0.2%, and Dominion Energy Inc (Symbol: D) is higher by about 0.6%. For a complete list of holdings, visit the IGF Holdings page » The chart below shows the one year price performance of IGF, versus its 200 day moving average: Looking at the chart above, IGF's low point in its 52 week range is $44.45 per share, with $52.15 as the 52 week high point — that compares with a last trade of $49.96. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Infrastructure ETF (Symbol: IGF) where we have detected an approximate $107.3 million dollar inflow -- that's a 3.0% increase week over week in outstanding units (from 69,000,000 to 71,100,000). For a complete list of holdings, visit the IGF Holdings page » The chart below shows the one year price performance of IGF, versus its 200 day moving average: Looking at the chart above, IGF's low point in its 52 week range is $44.45 per share, with $52.15 as the 52 week high point — that compares with a last trade of $49.96. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Infrastructure ETF (Symbol: IGF) where we have detected an approximate $107.3 million dollar inflow -- that's a 3.0% increase week over week in outstanding units (from 69,000,000 to 71,100,000). For a complete list of holdings, visit the IGF Holdings page » The chart below shows the one year price performance of IGF, versus its 200 day moving average: Looking at the chart above, IGF's low point in its 52 week range is $44.45 per share, with $52.15 as the 52 week high point — that compares with a last trade of $49.96. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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698710.0
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2022-06-07 00:00:00 UTC
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DTE Energy's (DTE) Combined-Cycle Power Plant Starts Operation
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D
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https://www.nasdaq.com/articles/dte-energys-dte-combined-cycle-power-plant-starts-operation-0
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nan
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nan
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DTE Energy Company DTE recently announced that its combined-cycle natural gas-fired power plant in Michigan — Blue Water Energy Center — has finally commenced its operations. The 1,150-megawatt (MW) plant, which has been built to provide cleaner and affordable power for 850,000 customer homes in southeast Michigan, boasts an investment worth $1 billion.
With this recent development, the company takes a step forward in providing cleaner and reasonable energy for its Michigan customers while also assisting the state in pursuing its clean energy goals of achieving carbon neutrality by 2050.
DTE Energy’sClean Energy Goals
With the entire Utility sector transitioning to a clean energy environment, DTE Energy remains committed to reducing the carbon emission of its electric utility operations by 32% by 2023, 50% by 2030 and 80% by 2040 from the 2005 carbon emission levels. The company expanded this commitment by announcing a net-zero carbon emission goal for DTE Electric and DTE Gas by 2050.
To meet carbon reduction goals in the near term, DTE Electric plans to put in service another natural gas-fueled combined-cycle generation facility in 2022.
Apart from the aforementioned measure to mitigate climate crisis effects, DTE plans to expand in renewables through 4,000 MW of renewable energy from Michigan wind and solar farms while meeting its energy goals through investments in technologies like hydrogen and battery storage systems, thus ensuring the 24x7 provision of electricity for its customers and lower energy bills.
To this end, it is worth mentioning that DTE Energy currently intends to invest $40 billion over the next 10 years to support reliability, the addition of renewable resources and the increased pace of electric vehicle adoption. Such strategies should boost the company’s renewable energy portfolio in the coming days.
Other Utility Moves
To reap the benefits of the growing renewable market in the United States, utilities other than DTE Energy that are investing in combined-cycle natural gas-fired power plants include Duke Energy DUK, Dominion Energy D and CMS Energy CMS.
Duke Energy invested $817 million to build the Asheville combined-cycle station. Its other combined-cycle stations include the Citrus combined-cycle station and a 750 MW combined-cycle natural gas plant at the W.S. Lee
Duke Energy boasts a long-term earnings growth rate of 6.1%. DUK shares have returned 10.5% in the past year.
Dominion Energy has significantly invested in the natural gas combined-cycle plant to boost its attainment of clean energy goals. Dominion Energy’s natural gas combined-cycle plants include the 540 MW Columbia Energy Center, the 875 MW Jasper Generating Plant, the 250 MW McMeekin Station and the 650 MW Urquhart Station.
Dominion Energy’s long-term earnings growth rate is pegged at 6.3%. D shares have returned 9.2% in the past year.
CMS Energy’s subsidiary, Consumer Energy, has two natural gas combined-cycle plants — one in Zeeland and one in Jackson — with a total generating capability of 1117 MW. The Zeeland facility employs two natural gas simple-cycle units providing an additional 360MW of generating capability. Together, The Zeeland and Jackson Generating Stations are capable of contributing more than 1,470 MW of clean energy to the grid.
CMS Energy boasts a long-term earnings growth rate of 8.4%. CMS shares have returned 18% in the past year.
Price Movement
In the past six months, DTE Energy’s shares have rallied 15.8% compared with the industry’s growth of 5.6%.
Image Source: Zacks Investment Research
Zacks Rank
DTE Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Duke Energy Corporation (DUK): Free Stock Analysis Report
DTE Energy Company (DTE): Free Stock Analysis Report
CMS Energy Corporation (CMS): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The 1,150-megawatt (MW) plant, which has been built to provide cleaner and affordable power for 850,000 customer homes in southeast Michigan, boasts an investment worth $1 billion. To meet carbon reduction goals in the near term, DTE Electric plans to put in service another natural gas-fueled combined-cycle generation facility in 2022. To this end, it is worth mentioning that DTE Energy currently intends to invest $40 billion over the next 10 years to support reliability, the addition of renewable resources and the increased pace of electric vehicle adoption.
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DTE Energy Company DTE recently announced that its combined-cycle natural gas-fired power plant in Michigan — Blue Water Energy Center — has finally commenced its operations. Other Utility Moves To reap the benefits of the growing renewable market in the United States, utilities other than DTE Energy that are investing in combined-cycle natural gas-fired power plants include Duke Energy DUK, Dominion Energy D and CMS Energy CMS. Dominion Energy’s natural gas combined-cycle plants include the 540 MW Columbia Energy Center, the 875 MW Jasper Generating Plant, the 250 MW McMeekin Station and the 650 MW Urquhart Station.
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DTE Energy’sClean Energy Goals With the entire Utility sector transitioning to a clean energy environment, DTE Energy remains committed to reducing the carbon emission of its electric utility operations by 32% by 2023, 50% by 2030 and 80% by 2040 from the 2005 carbon emission levels. Other Utility Moves To reap the benefits of the growing renewable market in the United States, utilities other than DTE Energy that are investing in combined-cycle natural gas-fired power plants include Duke Energy DUK, Dominion Energy D and CMS Energy CMS. Dominion Energy’s natural gas combined-cycle plants include the 540 MW Columbia Energy Center, the 875 MW Jasper Generating Plant, the 250 MW McMeekin Station and the 650 MW Urquhart Station.
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DTE Energy Company DTE recently announced that its combined-cycle natural gas-fired power plant in Michigan — Blue Water Energy Center — has finally commenced its operations. Dominion Energy has significantly invested in the natural gas combined-cycle plant to boost its attainment of clean energy goals. Want the latest recommendations from Zacks Investment Research?
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698711.0
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2022-06-01 00:00:00 UTC
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XLU, DUK, SO, D: ETF Inflow Alert
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D
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https://www.nasdaq.com/articles/xlu-duk-so-d%3A-etf-inflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $360.5 million dollar inflow -- that's a 2.2% increase week over week in outstanding units (from 216,220,000 to 221,070,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is off about 1.2%, Southern Company (Symbol: SO) is off about 0.8%, and Dominion Energy Inc (Symbol: D) is lower by about 0.8%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $73.85. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $360.5 million dollar inflow -- that's a 2.2% increase week over week in outstanding units (from 216,220,000 to 221,070,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is off about 1.2%, Southern Company (Symbol: SO) is off about 0.8%, and Dominion Energy Inc (Symbol: D) is lower by about 0.8%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $73.85. Free Report: Top 7%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $360.5 million dollar inflow -- that's a 2.2% increase week over week in outstanding units (from 216,220,000 to 221,070,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $73.85. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $360.5 million dollar inflow -- that's a 2.2% increase week over week in outstanding units (from 216,220,000 to 221,070,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $73.85. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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698712.0
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2022-05-31 00:00:00 UTC
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Ex-Dividend Reminder: Avangrid, Dominion Energy and Baxter International
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D
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-avangrid-dominion-energy-and-baxter-international
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 6/2/22, Avangrid Inc (Symbol: AGR), Dominion Energy Inc (Symbol: D), and Baxter International Inc (Symbol: BAX) will all trade ex-dividend for their respective upcoming dividends. Avangrid Inc will pay its quarterly dividend of $0.44 on 7/1/22, Dominion Energy Inc will pay its quarterly dividend of $0.6675 on 6/20/22, and Baxter International Inc will pay its quarterly dividend of $0.29 on 7/1/22. As a percentage of AGR's recent stock price of $47.41, this dividend works out to approximately 0.93%, so look for shares of Avangrid Inc to trade 0.93% lower — all else being equal — when AGR shares open for trading on 6/2/22. Similarly, investors should look for D to open 0.79% lower in price and for BAX to open 0.38% lower, all else being equal.
Below are dividend history charts for AGR, D, and BAX, showing historical dividends prior to the most recent ones declared.
Avangrid Inc (Symbol: AGR):
Dominion Energy Inc (Symbol: D):
Baxter International Inc (Symbol: BAX):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.71% for Avangrid Inc, 3.17% for Dominion Energy Inc, and 1.54% for Baxter International Inc.
In Tuesday trading, Avangrid Inc shares are currently down about 1.5%, Dominion Energy Inc shares are down about 1.2%, and Baxter International Inc shares are off about 1.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of AGR's recent stock price of $47.41, this dividend works out to approximately 0.93%, so look for shares of Avangrid Inc to trade 0.93% lower — all else being equal — when AGR shares open for trading on 6/2/22. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 3.71% for Avangrid Inc, 3.17% for Dominion Energy Inc, and 1.54% for Baxter International Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/2/22, Avangrid Inc (Symbol: AGR), Dominion Energy Inc (Symbol: D), and Baxter International Inc (Symbol: BAX) will all trade ex-dividend for their respective upcoming dividends. Avangrid Inc will pay its quarterly dividend of $0.44 on 7/1/22, Dominion Energy Inc will pay its quarterly dividend of $0.6675 on 6/20/22, and Baxter International Inc will pay its quarterly dividend of $0.29 on 7/1/22. Avangrid Inc (Symbol: AGR): Dominion Energy Inc (Symbol: D): Baxter International Inc (Symbol: BAX): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/2/22, Avangrid Inc (Symbol: AGR), Dominion Energy Inc (Symbol: D), and Baxter International Inc (Symbol: BAX) will all trade ex-dividend for their respective upcoming dividends. Avangrid Inc will pay its quarterly dividend of $0.44 on 7/1/22, Dominion Energy Inc will pay its quarterly dividend of $0.6675 on 6/20/22, and Baxter International Inc will pay its quarterly dividend of $0.29 on 7/1/22. Avangrid Inc (Symbol: AGR): Dominion Energy Inc (Symbol: D): Baxter International Inc (Symbol: BAX): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of AGR's recent stock price of $47.41, this dividend works out to approximately 0.93%, so look for shares of Avangrid Inc to trade 0.93% lower — all else being equal — when AGR shares open for trading on 6/2/22. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.71% for Avangrid Inc, 3.17% for Dominion Energy Inc, and 1.54% for Baxter International Inc.
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698713.0
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2022-05-23 00:00:00 UTC
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XLU, DUK, D, AEP: ETF Inflow Alert
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D
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https://www.nasdaq.com/articles/xlu-duk-d-aep%3A-etf-inflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $243.9 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 217,020,000 to 220,420,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is up about 1.4%, Dominion Energy Inc (Symbol: D) is up about 1.2%, and American Electric Power Co Inc (Symbol: AEP) is higher by about 1.1%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $72.76. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $243.9 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 217,020,000 to 220,420,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is up about 1.4%, Dominion Energy Inc (Symbol: D) is up about 1.2%, and American Electric Power Co Inc (Symbol: AEP) is higher by about 1.1%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $72.76. Free Report: Top 7%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $243.9 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 217,020,000 to 220,420,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $72.76. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $243.9 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 217,020,000 to 220,420,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $72.76. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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698714.0
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2022-05-23 00:00:00 UTC
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UGI Benefits From Systematic Investments and Debt Management
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D
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https://www.nasdaq.com/articles/ugi-benefits-from-systematic-investments-and-debt-management
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nan
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nan
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UGI Corporation UGI has been gaining from systematic investments to modernize and replace the aging infrastructure. Strategic acquisitions that are accretive to earnings, efficient debt management and the expansion of its customer base are likely to drive its performance over the long run.
UGI Corporation currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for fiscal 2023 earnings per share of UGI has moved up 14.2% year over year. The company’s long-term (three to five years) earnings growth is currently pegged at 8%. Moreover, UGI’s current dividend yield of 3.4% is better than the industry average of 2.6%. You can see the complete list of today’s Zacks #1Rank (Strong Buy) stocks here.
Tailwinds
UGI continues to expand the customer base and added more than 8,400 customers year to date in fiscal 2022. The company continues to make systematic capital investments for increasing the safety and reliability of natural gas production and storage facilities and replacing the aging infrastructure for modernizing the system. UGI spent $674 million in fiscal 2021 and plans to invest $500 million in fiscal 2022. UGI invested $345 million in the first six months of fiscal 2022.
UGI is being rewarded by the recent strategic acquisitions of Stonehenge and Mountaineer. On Jan 27, 2022, UGI completed the Stonehenge Acquisition, which is consistent with the utility’s growth strategies, including the expansion of midstream natural gas gathering assets within the Appalachian region. In February, UGI entered an agreement with Global Clean Energy Holdings to purchase and distribute renewable LPG in California. Also, in April, the utility acquired a 33% equity interest in Ag-Grid Energy, a renewable energy producer with projects in the United States. These initiatives are helping UGI expand its renewable and environmentally-friendly products.
UGI reported total debt of $6,390 million as of Mar 31, 2022, down from $6,539 million on Dec 31, 2021. As of Mar 31, 2022, UGI’s available liquidity was $1.9 billion, adequate to meet the current debt obligations. UGI’s times interest earned ratio was 7.6 at the end of the second quarter of fiscal 2022, higher than 4.6 in the year-ago quarter of 2021. Such a strong ratio is indicative of the company’s adequate financial flexibility to meet debt obligations.
Headwinds
UGI is exposed to several regulatory and environmental issues for domestic and international operations. Its business is highly seasonal and unfavorable weather can dent demand, thereby lowering profitability. The failure of completing capital projects within time and budget will impact its operations and profitability. In addition, UGI is exposed to higher interest rate risks, which can increase UGI’s borrowing cost and can also have an adverse effect on the company's operating and financial results. The fall in demand due to the price fluctuation of natural gas can lead to lower revenues, which can adversely affect cash flows.
Price Performance
In the past month, shares of UGI have rallied 11.5% against the industry’s 1.8% decline.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the same sector are Dominion Energy D, DTE Energy DTE and Hawaiian Electric Industries HE, each currently carrying a Zacks Rank #2 (Buy).
The long-term earnings growth of Dominion Energy, DTE Energy and Hawaiian Electric Industries is projected at 6.3%, 10% and 3.2%, respectively.
Dominion Energy, DTE Energy and Hawaiian Electric Industries delivered an average earnings surprise of 0.65%, 8.97% and 30.8%, respectively, in the last four quarters.
In the past six months, D, DTE and HE shares have surged 10.2%, 14.8% and 5.3%, respectively.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DTE Energy Company (DTE): Free Stock Analysis Report
Hawaiian Electric Industries, Inc. (HE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
UGI Corporation (UGI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company continues to make systematic capital investments for increasing the safety and reliability of natural gas production and storage facilities and replacing the aging infrastructure for modernizing the system. On Jan 27, 2022, UGI completed the Stonehenge Acquisition, which is consistent with the utility’s growth strategies, including the expansion of midstream natural gas gathering assets within the Appalachian region. The fall in demand due to the price fluctuation of natural gas can lead to lower revenues, which can adversely affect cash flows.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the same sector are Dominion Energy D, DTE Energy DTE and Hawaiian Electric Industries HE, each currently carrying a Zacks Rank #2 (Buy). The long-term earnings growth of Dominion Energy, DTE Energy and Hawaiian Electric Industries is projected at 6.3%, 10% and 3.2%, respectively. DTE Energy Company (DTE): Free Stock Analysis Report
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UGI Corporation UGI has been gaining from systematic investments to modernize and replace the aging infrastructure. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the same sector are Dominion Energy D, DTE Energy DTE and Hawaiian Electric Industries HE, each currently carrying a Zacks Rank #2 (Buy). Strategic acquisitions that are accretive to earnings, efficient debt management and the expansion of its customer base are likely to drive its performance over the long run.
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You can see the complete list of today’s Zacks #1Rank (Strong Buy) stocks here. UGI invested $345 million in the first six months of fiscal 2022. Hawaiian Electric Industries, Inc. (HE): Free Stock Analysis Report
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698715.0
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2022-05-18 00:00:00 UTC
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Reasons to Add Global Water Resources (GWRS) to Your Portfolio
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Global Water Resources Inc.’s GWRS ongoing investments to strengthen infrastructure, expand operations through an inorganic route and increase water connections are expected to drive its performance over the long run.
Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Growth Projection & Surprise History
The Zacks Consensus Estimate for Global Water Resources’ 2022 earnings has moved up by 25% in the past 60 days to 20 cents per share. The Zacks Consensus Estimate for GWRS’ 2023 earnings has moved up by 5% in the past 60 days to 21 cents per share.
Global Water Resources’ long-term (three to five years) earnings growth is projected at 15%.
Global Water Resources delivered an average earnings surprise of 154.2% in the last four quarters.
Investments
Global Water Resources is accelerating capital investments for upgrading and maintaining infrastructure. The company invested $6.2 million in infrastructure projects in the first quarter to fulfill the ongoing commitment of strategic capital expansions. In the first three months of 2022, capital expenditures increased by 88.7% to $6.2 million compared with the year-ago quarter. The increase in capital expenditures is tied to the capital expenditure program, which is causing GWRS to spend more on capex compared with the prior year.
Acquisitions & Customer Growth
Global Water Resources is making significant progress by adding new water connections through acquisitions. Global Water Resources expanded its footprint in the first quarter of 2022 by acquiring the assets of Rincon Water Company. These acquisitions added a total of 91 connections and nearly 9.1 square miles of service area to the company’s regional and growing footprint. On Apr 18, 2022, GWRS signed a definitive agreement to acquire Farmers Water Company. The acquisition, when completed, will add approximately 3,300 active water service connections and nearly 21.5 square miles of service area.
Global Water Resources is continuously witnessing customer growth, with total active connections growing by 9.7% year over year, of which 7.1% was organic growth and 2.6% was primarily related to the acquisition of Las Quintas Serenas.
Return on Equity
Return on Equity (ROE) indicates how efficiently a company is utilizing shareholders’ funds in the business to generate returns. At present, Global Water Resources’ ROE is 11.6%, higher than the industry average of 9.6%. This indicates that the company is utilizing the funds more effectively than industry peers.
Price Performance
In the past two years, Global Water Resources’ stock has rallied 32.4% compared with the industry’s 20.5% rise.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other similar-ranked stocks from the same sector include Primo Water PRMW, Dominion Energy D and Hawaiian Electric Industries HE.
Primo Water delivered an average earnings surprise of 4.5% in the last four quarters. The Zacks Consensus Estimate for Primo Water’s 2022earnings per share (EPS) has moved up 12.5% year over year. PRMW’s current dividend yield is 2%, better than the Zacks S&P composite average of 1.5%.
Dominion Energy delivered an average earnings surprise of 0.65% in the last four quarters. The Zacks Consensus Estimate for Dominion Energy’s 2022 EPS has moved up 6.7% year over year. D’s long-term earnings growth is 6.3%.
Hawaiian Electric Industries delivered an average earnings surprise of 30.8% in the last four quarters. The Zacks Consensus Estimate for Hawaiian Electric’s 2023 EPS has moved up 4.6% year over year. HE’s long-term earnings growth is 3.2%.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Hawaiian Electric Industries, Inc. (HE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Primo Water Corporation (PRMW): Free Stock Analysis Report
Global Water Resources, Inc. (GWRS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Growth Projection & Surprise History The Zacks Consensus Estimate for Global Water Resources’ 2022 earnings has moved up by 25% in the past 60 days to 20 cents per share. The company invested $6.2 million in infrastructure projects in the first quarter to fulfill the ongoing commitment of strategic capital expansions. Price Performance In the past two years, Global Water Resources’ stock has rallied 32.4% compared with the industry’s 20.5% rise.
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Growth Projection & Surprise History The Zacks Consensus Estimate for Global Water Resources’ 2022 earnings has moved up by 25% in the past 60 days to 20 cents per share. Acquisitions & Customer Growth Global Water Resources is making significant progress by adding new water connections through acquisitions. Global Water Resources Inc.’s GWRS ongoing investments to strengthen infrastructure, expand operations through an inorganic route and increase water connections are expected to drive its performance over the long run.
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Growth Projection & Surprise History The Zacks Consensus Estimate for Global Water Resources’ 2022 earnings has moved up by 25% in the past 60 days to 20 cents per share. Global Water Resources is continuously witnessing customer growth, with total active connections growing by 9.7% year over year, of which 7.1% was organic growth and 2.6% was primarily related to the acquisition of Las Quintas Serenas. Image Source: Zacks Investment Research Other Stocks to Consider Some other similar-ranked stocks from the same sector include Primo Water PRMW, Dominion Energy D and Hawaiian Electric Industries HE.
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Price Performance In the past two years, Global Water Resources’ stock has rallied 32.4% compared with the industry’s 20.5% rise. Image Source: Zacks Investment Research Other Stocks to Consider Some other similar-ranked stocks from the same sector include Primo Water PRMW, Dominion Energy D and Hawaiian Electric Industries HE. Global Water Resources Inc.’s GWRS ongoing investments to strengthen infrastructure, expand operations through an inorganic route and increase water connections are expected to drive its performance over the long run.
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698716.0
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2022-05-17 00:00:00 UTC
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Xcel Energy (XEL) Gains From Investment & Customer Growth
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Xcel Energy Inc. XEL has been gaining from consistent investments to expand and upgrade infrastructure projects, a focus on renewable expansion and consistent customer base growth. These are expected to drive its performance over the long run.
Xcel Energy currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for 2022 earnings per share (EPS) of XEL has moved up 6.8% year over year. The company’s long-term (three to five years) earnings growth is currently pegged at 6.4%. Moreover, Xcel Energy’s current dividend yield of 2.6% is better than the Zacks S&P composite average of 1.54%. You can see the complete list of today’s Zacks #1Rank (Strong Buy) stocks here.
Tailwinds
Xcel Energy continues to invest substantially in its utility assets to provide reliable services for its customers and effectively meet the rising electricity demand. Xcel Energy aims to spend $26 billion during the 2022-2026 period, which includes the $1.5-$2.5 billion range in incremental opportunities. These investments are aimed at strengthening and expanding its transmission, distribution, electric generation and renewable projects.
Xcel Energy continues to expand its customer base. After recording an improvement of 1.2% and 1.1% in the electric and natural gas customer base year over year for 2021, the same increased by 1.1% and 1.1%, respectively, in the first quarter of 2022. Sales volumes and electric and natural gas volumes for the first quarter of 2022 improved by 3.9% and 1.5%, respectively, year over year.
Xcel Energy is focusing on a clean-energy transition. After completing six wind projects with 1,500 megawatt (MW) capacities in 2020, XEL completed four wind farms, adding another 800 MW of clean energy generation capacity to the portfolio. Addition of new clean energy projects in the generation portfolio will assist the company to achieve net-zero emission target set for 2050.
Headwinds
Xcel Energy’s dependence on the ability of its utility subsidiaries to recover the cost of providing energy and services is a concern as this could adversely impact profitability. Xcel Energy’s natural gas and electric transmission and distribution operations are exposed to explosions, leaks and mechanical setbacks. Business activities are susceptible to commodity price fluctuations and increasing interest rates, which can adversely impact demand and increase the borrowing cost. Further, Xcel Energy is subject to environmental guidelines too, which could flare up its operating costs.
Price Performance
In the past three months, shares of XEL have rallied 13.4% compared with the industry’s 6.5% rise.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the same industry are Pampa Energia PAM, Hawaiian Electric Industries HE and Dominion Energy D.
Pampa Energia currently sports a Zacks Rank #1. The long-term (three to five years) earnings growth is 33%. The Zacks Consensus Estimate for Pampa Energia’s 2023 EPS has moved up 44.9% year over year. PAM delivered an average earnings surprise of 72.9% in the last four quarters.
Hawaiian Electric Industries currently carries a Zacks Rank #2 (Buy). The long-term earnings growth is 3.2%. The Zacks Consensus Estimate for Hawaiian Electric’s 2023 EPS has moved up 4.6% year over year. HE delivered an average earnings surprise of 30.8% in the last four quarters.
Dominion Energy currently carries a Zacks Rank #2. The long-term earnings growth is 6.3%. The Zacks Consensus Estimate for Dominion Energy’s 2022 EPS has moved up 6.7% year over year. D delivered an average earnings surprise of 0.65% in the last four quarters.
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In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xcel Energy Inc. (XEL): Free Stock Analysis Report
Hawaiian Electric Industries, Inc. (HE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Pampa Energia S.A. (PAM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tailwinds Xcel Energy continues to invest substantially in its utility assets to provide reliable services for its customers and effectively meet the rising electricity demand. Addition of new clean energy projects in the generation portfolio will assist the company to achieve net-zero emission target set for 2050. Xcel Energy’s natural gas and electric transmission and distribution operations are exposed to explosions, leaks and mechanical setbacks.
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Xcel Energy Inc. XEL has been gaining from consistent investments to expand and upgrade infrastructure projects, a focus on renewable expansion and consistent customer base growth. After completing six wind projects with 1,500 megawatt (MW) capacities in 2020, XEL completed four wind farms, adding another 800 MW of clean energy generation capacity to the portfolio. These are expected to drive its performance over the long run.
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The Zacks Consensus Estimate for 2022 earnings per share (EPS) of XEL has moved up 6.8% year over year. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the same industry are Pampa Energia PAM, Hawaiian Electric Industries HE and Dominion Energy D. The Zacks Consensus Estimate for Dominion Energy’s 2022 EPS has moved up 6.7% year over year.
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After recording an improvement of 1.2% and 1.1% in the electric and natural gas customer base year over year for 2021, the same increased by 1.1% and 1.1%, respectively, in the first quarter of 2022. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the same industry are Pampa Energia PAM, Hawaiian Electric Industries HE and Dominion Energy D. Xcel Energy Inc. XEL has been gaining from consistent investments to expand and upgrade infrastructure projects, a focus on renewable expansion and consistent customer base growth.
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698717.0
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2022-05-16 00:00:00 UTC
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3 Energy Stocks to Buy on the Dip
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With a dip in energy stocks, here are three great energy stocks to buy for your portfolio.
Ovintiv (OVV) is one of the best performing energy stocks over the last year, with a nearly 73% gain.
Occidental Petroleum (OXY) made an impressive turnaround from 2020 and is a big investment of Warren Buffet.
VAALCO Energy (EGY) could outperform peers with its diverse locations if oil and gas prices plateau at higher levels.
Source: PopTika / Shutterstock
Over the last month, we have experienced a major selloff across nearly every asset class. The S&P 500 is down by 9.4%, while bonds are also down, evidenced by the 21% year-to-date drop in the iShares 20+ Yr Treasury Bond ETF (TLT).
In the commodity complex, the picture is more mixed. Gold is down by 8%. There is also weakness in industrial metals with copper down by 15% and underperformance in steel and iron ore stocks. One exception is crude oil, which is higher over the last month.
Crude oil’s strength is impressive given that China’s economy is shut down and speaks to its bullish fundamentals. When the economy bounces back, it could be the next catalyst for oil prices. Even with some increased recession concerns, travel demand and miles driven remain strong. On the supply side, companies continue to pay off debt or buy back shares rather than invest in new production. Until we see a meaningful response on the supply side, investors should continue buying the dip in energy stocks.
The 7 Best Energy Stocks to Buy Now
Here are three energy stocks to consider:
OVV Ovintiv Inc. $45.12
OXY Occidental Petroleum Corporation $67.50
EGY VAALCO Energy, Inc. $6.51
Energy Stocks to Buy: Ovintiv (OVV)
Source: rafapress / Shutterstock
Ovintiv (NYSE:OVV) is a North American independent oil and gas exploration and production company with core assets in the Permian Basin, Montney, and Anadarko Basins. These are considered to be shale properties with the most favorable drilling economics. Thus, it’s not surprising that OVV has been one of the best-performing stocks over the past year with a nearly 73% gain.
Following the buyout of Newfield Exploration, OVV is one of the largest upstream companies in North America. It also has a nice mix of oil and gas, as both assets are quite strong on a year-over-year basis. Its primary sources of production are the Montney in British Columbia and Alberta, the Anadarko Basin in Oklahoma, and the Permian Basin in New Mexico.
Over the past year, the company has aggressively reduced costs and paid off debt, which has put it in a much stronger financial position. The company is also returning cash to shareholders via buybacks and dividends. It recently announced a 25% increase in its dividend and boosted its buyback to $1 billion in 2022, which equates to 9% of its total market capitalization (cap). It’s also projected to earn about $2.5 billion in free cash flow in 2022, which could increase with higher oil and natural gas prices.
OVV has an overall grade of B, translating into a Buy rating in our POWR Ratings system. The company has a Value Grade of B which isn’t surprising, with a forward P/E of 4.12 and low amounts of debt. Click here to see OVV’s complete POWR Ratings including component grades for Growth and Momentum.
Occidental Petroleum (OXY)
Source: Pavel Kapysh / Shutterstock.com
Occidental Petroleum (NYSE:OXY) is a North American independent oil and gas exploration and production company. It operates through three segments: Oil & Gas; Chemical and Marketing; and Midstream. In addition to oil and gas, the company also produces basic chemicals, petrochemicals, and specialty chemicals.
OXY has been one of the big turnaround stories of this energy bull market, as the company was flirting with bankruptcy early in 2020 due to its heavy debt load and purchase of Devon Energy. Now, this aggressiveness is paying off while the prices of oil and natural gas rocket higher.
Maybe the ultimate validation is that Warren Buffett has been an aggressive buyer of the stock. Currently, Berkshire Hathaway (NYSE:BRK.B) owns 15% of the company — about $7.5 billion — which makes it the ninth-largest holding for Buffett. And it fits with his other investments in energy as he bought utilities and midstream assets in 2020 with his purchase of Dominion Energy (NYSE:D).
Adding to its positive momentum, OXY has been on an impressive streak of reporting blowout earnings. In first quarter 2022, it topped analysts’ earnings expectations for the fourth straight quarter with $2.12 in earnings per share versus $1.97 per share. Income came in at $2.9 billion versus $2.1 billion for 2021’s fourth quarter. These figures were major improvements from last year’s first quarter, which had a $0.15 per share loss.
Of course, these figures should improve next quarter due to higher prices. It is also the largest holder of land in the Permian Basin, which makes its outlook particularly appealing for investors who believe the energy bull market is in its early innings.
7 Safe Small-Cap Stocks to Buy Now
The POWR Ratings also reflect this positive outlook. The company has an overall grade of B, translating to a Buy rating. OXY’s Momentum Grade of A is consistent with the stock’s strong performance even amid a volatile market environment and the recent pullback in oil prices. Click here to see the complete POWR Ratings for OXY including grades for Growth and Value.
Energy Stocks to Buy: VAALCO Energy, Inc. (EGY)
Source: Shutterstock
VAALCO Energy (NYSE:EGY) is an independent oil and gas explorer, developer and producer. The company holds the Etame production sharing contract in the Etame Marin block in the Republic of Gabon and has interests in the undeveloped offshore block in Equatorial Guinea.
Given its foreign and offshore locations, EGY is certainly a higher-risk investment than OXY or OVV stocks. Further, it has a higher cost of production and many of its untapped reserves are only viable at higher prices.
Thus, the stock will likely outperform its peers if oil and gas prices plateau at even higher levels, but will likely underperform if oil prices can’t sustain average prices over $100 per barrel.
However, the company is very profitable at current prices. In its last earnings report, the company reported net income of $12.2 million, or 20 cents per diluted share. Additionally, in the first quarter 2022, the company sold 616,000 barrels of oil. Next year, the company is projected to earn $88 million in net income, which makes its current market cap of $385 million quite attractive.
Equally important, management discussed some operational improvements that could lead to more production and lower costs in the coming quarters. It also was able to increase the amount of its U.S. Securities and Exchange Commission-approved reserves by 250% and expects about a 38% increase in the number of barrels produced on an annual basis.
This combination of rising oil prices and increased production is leading to an earnings boom and a strong bull market for EGY stock. The POWR Ratings are also bullish on the stock as it has a B rating which translates to a Buy. B-rated stocks have posted an average annual performance of 21.1% which compares favorably to the S&P 500’s average annual gain of 8.0%. Click here to see more of EGY’s POWR Ratings.
On the date of publication, Jaimini Desai did not have (either directly or indirectly) positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Jaimini Desai has been a financial writer and reporter for nearly a decade. He has helped countless investors take profitable rides on some of the hottest growth trends. His previous experience includes writing for Investopedia, Seeking Alpha, and MT Newswires.
He is the Chief Growth Strategist for StockNews.com and the editor of the POWR Growth and POWR Stocks Under $10 newsletters.
Want More Great Investing Ideas from StockNews.com?
100 Best Stocks for 2022
3 Stocks to DOUBLE This Year
How to Trade Options with the POWR Ratings
9 “Must Own” Growth Stocks
The post 3 Energy Stocks to Buy on the Dip appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It is also the largest holder of land in the Permian Basin, which makes its outlook particularly appealing for investors who believe the energy bull market is in its early innings. OXY’s Momentum Grade of A is consistent with the stock’s strong performance even amid a volatile market environment and the recent pullback in oil prices. This combination of rising oil prices and increased production is leading to an earnings boom and a strong bull market for EGY stock.
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The 7 Best Energy Stocks to Buy Now Here are three energy stocks to consider: OVV Ovintiv Inc. $45.12 OXY Occidental Petroleum Corporation $67.50 EGY VAALCO Energy, Inc. $6.51 Energy Stocks to Buy: Ovintiv (OVV) Source: rafapress / Shutterstock Ovintiv (NYSE:OVV) is a North American independent oil and gas exploration and production company with core assets in the Permian Basin, Montney, and Anadarko Basins. Occidental Petroleum (OXY) Source: Pavel Kapysh / Shutterstock.com Occidental Petroleum (NYSE:OXY) is a North American independent oil and gas exploration and production company. Energy Stocks to Buy: VAALCO Energy, Inc. (EGY) Source: Shutterstock VAALCO Energy (NYSE:EGY) is an independent oil and gas explorer, developer and producer.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips With a dip in energy stocks, here are three great energy stocks to buy for your portfolio. The 7 Best Energy Stocks to Buy Now Here are three energy stocks to consider: OVV Ovintiv Inc. $45.12 OXY Occidental Petroleum Corporation $67.50 EGY VAALCO Energy, Inc. $6.51 Energy Stocks to Buy: Ovintiv (OVV) Source: rafapress / Shutterstock Ovintiv (NYSE:OVV) is a North American independent oil and gas exploration and production company with core assets in the Permian Basin, Montney, and Anadarko Basins. 100 Best Stocks for 2022 3 Stocks to DOUBLE This Year How to Trade Options with the POWR Ratings 9 “Must Own” Growth Stocks The post 3 Energy Stocks to Buy on the Dip appeared first on InvestorPlace.
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The 7 Best Energy Stocks to Buy Now Here are three energy stocks to consider: OVV Ovintiv Inc. $45.12 OXY Occidental Petroleum Corporation $67.50 EGY VAALCO Energy, Inc. $6.51 Energy Stocks to Buy: Ovintiv (OVV) Source: rafapress / Shutterstock Ovintiv (NYSE:OVV) is a North American independent oil and gas exploration and production company with core assets in the Permian Basin, Montney, and Anadarko Basins. Energy Stocks to Buy: VAALCO Energy, Inc. (EGY) Source: Shutterstock VAALCO Energy (NYSE:EGY) is an independent oil and gas explorer, developer and producer. Thus, the stock will likely outperform its peers if oil and gas prices plateau at even higher levels, but will likely underperform if oil prices can’t sustain average prices over $100 per barrel.
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2022-05-12 00:00:00 UTC
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Daily Dividend Report: D,LRCX,BR,SLF,CW
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The board of directors of Dominion Energy has declared a quarterly dividend of 66.75 cents per share of common stock. Dividends are payable on June 20, 2022, to shareholders of record at the close of business June 3, 2022. This is the 377th consecutive dividend that Dominion Energy or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared Jan. 28, 2022.
Lam Research today announced that its Board of Directors approved a $5 billion share repurchase authorization and a quarterly dividend of $1.50 per share of common stock. The company is authorized to repurchase up to $5 billion of common stock; this authorization supplements the remaining balances from any prior authorizations. Repurchases may be made through both public market and private transactions and may include the use of derivative contracts and structured share repurchase agreements. This repurchase program has no termination date and may be suspended or discontinued at any time. The dividend payment will be made July 6, 2022, to holders of record on June 15, 2022. Future dividend payments are subject to review and approval by the Board of Directors.
Broadridge Financial Solutions, announced that its Board of Directors has declared a quarterly cash dividend of $0.64 per share. The dividend is payable on July 6, 2022 to stockholders of record at the close of business on June 15, 2022.
The Board of Directors of Sun Life Financial today announced that a dividend of $0.69 per share on the common shares of the Company has been declared, payable June 30, 2022 to shareholders of record at the close of business on June 1, 2022. This reflects an increase of 3 cents per share from the amount paid in the previous quarter.
Curtiss-Wright today announced that the Board of Directors declared a 6% increase in the quarterly dividend to nineteen cents per share, payable July 1, 2022 to stockholders of record as of June 17, 2022.
VIDEO: Daily Dividend Report: D,LRCX,BR,SLF,CW
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The board of directors of Dominion Energy has declared a quarterly dividend of 66.75 cents per share of common stock. Broadridge Financial Solutions, announced that its Board of Directors has declared a quarterly cash dividend of $0.64 per share. Curtiss-Wright today announced that the Board of Directors declared a 6% increase in the quarterly dividend to nineteen cents per share, payable July 1, 2022 to stockholders of record as of June 17, 2022.
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Lam Research today announced that its Board of Directors approved a $5 billion share repurchase authorization and a quarterly dividend of $1.50 per share of common stock. The Board of Directors of Sun Life Financial today announced that a dividend of $0.69 per share on the common shares of the Company has been declared, payable June 30, 2022 to shareholders of record at the close of business on June 1, 2022. Curtiss-Wright today announced that the Board of Directors declared a 6% increase in the quarterly dividend to nineteen cents per share, payable July 1, 2022 to stockholders of record as of June 17, 2022.
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Lam Research today announced that its Board of Directors approved a $5 billion share repurchase authorization and a quarterly dividend of $1.50 per share of common stock. The Board of Directors of Sun Life Financial today announced that a dividend of $0.69 per share on the common shares of the Company has been declared, payable June 30, 2022 to shareholders of record at the close of business on June 1, 2022. Curtiss-Wright today announced that the Board of Directors declared a 6% increase in the quarterly dividend to nineteen cents per share, payable July 1, 2022 to stockholders of record as of June 17, 2022.
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Lam Research today announced that its Board of Directors approved a $5 billion share repurchase authorization and a quarterly dividend of $1.50 per share of common stock. The dividend payment will be made July 6, 2022, to holders of record on June 15, 2022. Curtiss-Wright today announced that the Board of Directors declared a 6% increase in the quarterly dividend to nineteen cents per share, payable July 1, 2022 to stockholders of record as of June 17, 2022.
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2022-05-09 00:00:00 UTC
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10 Retirement Stocks to Buy After Age 50
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Those looking for the best retirement stocks should consider companies tied to powerful market trajectories.
American Water Works (AWK): A water utility investment, AWK is one of the retirement stocks that sells itself due to addressing critical needs.
Dominion Energy (D): With retirement stocks to buy for any age, you really can’t go wrong with utility investments like Dominion.
Iron Mountain (IRM): Comprehensive storage solutions makes IRM relevant amid a spike in data breaches and infrastructural compromises.
Whirlpool (WHR): A company off the beaten path, WHR could enjoy downwind benefits due to the surge in home purchases.
Hormel Foods (HRL): No matter what market cycle we’re in, food will always be critical, making HRL a no-brainer among retirement stocks to buy.
Starbucks (SBUX): Given that Starbucks caters to the beverage preferences of Generation Z, you can grow with SBUX in your portfolio.
Kimberly Clark (KMB): A popular manufacturer of important household goods, KMB is one of the most reliable retirement stocks to buy.
Hasbro (HAS): A bit on the riskier side of retirement stocks, millennial family planning could bolster HAS.
Exxon Mobil (XOM): Despite the pivot toward electric vehicles, XOM will probably be relevant for a very long time.
Regency Centers (REG): Arguably the riskiest name on this list of retirement stocks, retail dynamics might benefit REG.
Although the main goal of the equities sector is universal — basically to get more out of it than you put in — the concept of retirement stocks to buy demonstrates that not every approach is the same. Particularly for those that are firmly in the midlife demographic, you want to be careful where you put your money to work.
While age may be just a number, certain realities cannot be ignored. As people head toward retirement, you want to make sure that the financial aircraft that you’re flying is aligned properly before touching down. True, tactical shifts can help achieve a successful landing but arguably most people prefer their financial health to be as predictable and uneventful as possible. That’s why it’s important to acquire appropriate retirement stocks.
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To be clear, everyone’s strategy will be different: There’s no one-size-fits-all solution here. Nevertheless, retirement stocks that are tied to vital and relevant economic undercurrents should enjoy a higher probability of success. With that in mind, here are some reliable ideas to consider.
Ticker Company Current Price
AWK American Water Works $145.94
D Dominion Energy $83.63
IRM Iron Mountain $53.34
WHR Whirlpool $191.52
HRL Hormel Foods $52.29
SBUX Starbucks $74.88
KMB Kimberly Clark $138.98
HAS Hasbro $91.02
XOM Exxon Mobil $86.40
REG Regency Centers $67.10
American Water Works (AWK)
When deciphering the vast expanses of retirement stocks to buy, it’s a solid bet to think about the essentials of life. With water-related investments, you not only tie yourself to a precious resource, the relevance is probably going to expand exponentially. Yes, it’s terribly cynical but you’re likely not going to go wrong with American Water Works (NYSE:AWK).
As CNN recently reported, California has been suffering from multiyear megadroughts, exacerbated by an “alarmingly dry winter.” It’s not just a California problem, though, as multiple states — and countries — are suffering from water shortages. Therefore, it’s logical to assume that AWK’s water utility services will only grow in demand.
Admittedly, the stock’s year-to-date loss of 20% is distracting. However, against a longer-term framework, it’s one of the most critical retirement stocks to buy.
Dominion Energy (D)
More so than other investment categories, retirement stocks force people to make big assumptions about the future. Therefore, it’s not the wisest move to put all your eggs into baskets that are exposed to the whims of consumer preferences. Such trends can change on a dime. Instead, electing relevant stalwarts can take some of the guessing game out of long-term strategies, which is where Dominion Energy (NYSE:D) comes in.
As a utility firm, Dominion is natively pertinent to any economic cycle. Recession or not, booming times or depressing ones, bad things occur when people flip the switch and nothing happens. Particularly in the digitalization age, Dominion is absolutely critical.
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Another factor that bolsters the case for D as one of the retirement stocks to buy is the underlying coverage map. Focusing on Virginia and the Carolinas, millennials are moving to these states for cost-of-living reasons. Given the rise of inflation, this is a trend you can bank on.
Iron Mountain (IRM)
Speaking of digitalization, while myriad technology firms have advanced the cause of broader connectivity, securing vital information has never been more critical. As you’re well aware, cyberattacks and data breaches have been on the rise. Further, geopolitical tensions will not heal this unfortunate trajectory. The best we can do for now is data protection, making Iron Mountain (NYSE:IRM) a relevant idea among retirement stocks.
Among the many business units under Iron Mountain, its ability to secure and accommodate “storage needs for any amount of information, in any format” is especially intriguing. With digital data becoming increasingly vulnerable to sophisticated attack schemes, major institutions will likely rely upon IRM’s iron-tight security protocols.
As well, the company has a firm grip of contemporary needs, offering secure cloud-computing storage needs. Given the complexities of future threat paradigms, Iron Mountain is a name you can depend regarding retirement stocks to buy.
Whirlpool (WHR)
On the subject of deciphering the future of real estate prices, seemingly everyone has an opinion. Personally, I’m a bit skeptical about the idea that prices will keep rising. Nevertheless, what’s not in doubt was that 2021 was a spectacular year for the housing market. The circumstances of the new normal caused people to rush out and buy a home, which may bring downwind benefits for Whirlpool (NYSE:WHR).
Since the housing boom represented a seller’s market, many if not most buyers compromised on contingencies. By logical deduction, then, it’s very possible that these new homeowners will need to do some upgrading and repairs. At least a component of this upcoming cash outlay will be for appliances, which is why WHR could be an interesting name among retirement stocks to buy.
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WHR also enjoys a 3.5% dividend yield.
Hormel Foods (HRL)
I’m not going to get any style points for mentioning Hormel Foods (NYSE:HRL) as one of the retirement stocks to buy — or at least consider if you’re in the plus-50 demographic. It’s predictable, yes even unoriginal. But predictable and unoriginal often works just fine for future planning.
Try as we might, the latest advancements that we’ve seen in recent years — cloud computing, decentralized blockchain applications, the metaverse — cannot separate our minds from our physical needs. Hormel provides the sustenance that we all require. Further, competition from plant-based protein providers has yet to change the paradigm of the food manufacturing and processing industry.
Essentially, HRL deals with realities, as evidenced by its 7% YTD performance. It’s not the greatest tally but over the same frame, the benchmark S&P 500 index is down 16%.
Starbucks (SBUX)
As you can see from the retirement stocks above, this list is heavily geared toward necessities for a reason. Frankly, it’s difficult to imagine what will be popular in the consumer discretionary sector. Nevertheless, one of the ultimate frivolous luxuries — in the sense that you can always opt for cheaper alternatives — in Starbucks (NASDAQ:SBUX) may be a reasonable bet for retirement planning.
For one thing, every age group needs their caffeine fix and Starbucks enjoys an attractive and compelling international brand. But the more important factor is the emerging Generation Z. This demographic generally favors iced coffee, which is an area that Starbucks specializes in. Should the trend change to hot coffee, well, guess what? The company can easily accommodate because it does coffee in every way imaginable.
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Now, it is a risky bet at the moment because it’s down 35% YTD. Still, for patient investors, it can be an attractive discount.
Kimberly Clark (KMB)
Another name that’s not going to win any style points is Kimberly Clark (NYSE:KMB). Indeed, you might call it the quintessential idea among retirement stocks to buy: boring, unassuming but always relevant. I don’t care how cool you think you are, everyone needs essential household goods. And Kimberly Clark has been delivering for generations.
What makes KMB particularly enticing at this juncture is its recession-resilient profile. Although no one has a crystal ball on such matters, several analysts have been steadily sounding the alarm about an incoming downturn. Let’s say we do get the recession that seemingly everyone’s talking about. In that case, KMB may weather the storm quite well.
Household goods will be one of the last categories where people will take aim regarding budget-cutting initiatives.
Hasbro (HAS)
As an ultra-long-term investment idea, I’m not entirely sure if Hasbro (NASDAQ:HAS) is appropriate. That’s because data from the U.S. Census Bureau demonstrates that population growth is expanding at a slower rate. Moreover, given that Hasbro is a global provider of toys and amusement products, such trends are problematic because other countries have far worse demographic challenges.
But within the next decade or two, HAS could be a surprising idea among retirement stocks to buy. For instance, with millennials purchasing homes in great numbers throughout the new normal, it indicates a desire to start families. Therefore, HAS might receive downwind benefits, particularly as millennials overall mature into family planning age brackets.
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Notably, HAS picked up significant momentum in the trailing month, gaining nearly 11%. For the investor that doesn’t mind adding a little risk to their portfolio, Hasbro could provide some excitement.
Exxon Mobil (XOM)
For years, both the public and policymakers have pivoted toward electric vehicles and developing the infrastructures necessary for their integration. In turn, big oil firms like Exxon Mobil (NYSE:XOM) have fallen out of favor, at least from a sentiment perspective. Despite the less-than-ideal optics, though, investors will want to consider adding XOM as one of their retirement stocks.
Sure, EVs can lower our carbon footprint. And the geopolitical flashpoint in eastern Europe has world leaders accelerating initiatives geared toward renewable energy solutions, which indirectly impact EVs. But for all the huffing and puffing, fossil fuels will likely maintain their relevance due to energy density. Simply, hydrocarbons provide more bang for the buck.
Further, the EV-versus-combustion-car debate doesn’t have to be binary. It might very well be a concurrent sentence, where fossil fuels and the electrification of transportation more or less harmonize. In such a case, XOM will be relevant.
Regency Centers (REG)
Mentioning Regency Centers (NASDAQ:REG) goes against my instinct regarding a possible downturn in the economy. So, I’m sticking REG last on this list of ideas for retirement stocks to buy. Only engage Regency if you have conviction in this investment.
To be fair, one aspect about REG is intriguing and that has to do with the dynamics associated with the new normal. After the initial impact of the coronavirus pandemic, consumers pivoted to e-commerce as a necessity. But this transition didn’t stick. In fact, e-commerce as a percentage of total retail sales peaked in the second quarter of 2020, steadily eroding since then.
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Therefore, one conclusion is that people prefer the social element of shopping in person. Plus, if we do encounter a downturn, consumers may look to save money on shipping costs by getting their products at brick-and-mortar locations.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 10 Retirement Stocks to Buy After Age 50 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ticker Company Current Price AWK American Water Works $145.94 D Dominion Energy $83.63 IRM Iron Mountain $53.34 WHR Whirlpool $191.52 HRL Hormel Foods $52.29 SBUX Starbucks $74.88 KMB Kimberly Clark $138.98 HAS Hasbro $91.02 XOM Exxon Mobil $86.40 REG Regency Centers $67.10 American Water Works (AWK) When deciphering the vast expanses of retirement stocks to buy, it’s a solid bet to think about the essentials of life. Iron Mountain (IRM) Speaking of digitalization, while myriad technology firms have advanced the cause of broader connectivity, securing vital information has never been more critical. And the geopolitical flashpoint in eastern Europe has world leaders accelerating initiatives geared toward renewable energy solutions, which indirectly impact EVs.
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Ticker Company Current Price AWK American Water Works $145.94 D Dominion Energy $83.63 IRM Iron Mountain $53.34 WHR Whirlpool $191.52 HRL Hormel Foods $52.29 SBUX Starbucks $74.88 KMB Kimberly Clark $138.98 HAS Hasbro $91.02 XOM Exxon Mobil $86.40 REG Regency Centers $67.10 American Water Works (AWK) When deciphering the vast expanses of retirement stocks to buy, it’s a solid bet to think about the essentials of life. The best we can do for now is data protection, making Iron Mountain (NYSE:IRM) a relevant idea among retirement stocks. Regency Centers (REG) Mentioning Regency Centers (NASDAQ:REG) goes against my instinct regarding a possible downturn in the economy.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Those looking for the best retirement stocks should consider companies tied to powerful market trajectories. Ticker Company Current Price AWK American Water Works $145.94 D Dominion Energy $83.63 IRM Iron Mountain $53.34 WHR Whirlpool $191.52 HRL Hormel Foods $52.29 SBUX Starbucks $74.88 KMB Kimberly Clark $138.98 HAS Hasbro $91.02 XOM Exxon Mobil $86.40 REG Regency Centers $67.10 American Water Works (AWK) When deciphering the vast expanses of retirement stocks to buy, it’s a solid bet to think about the essentials of life. 7 Stocks to Buy to Bet on a Hyper-Aggressive Fed in 2022 Another factor that bolsters the case for D as one of the retirement stocks to buy is the underlying coverage map.
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Kimberly Clark (KMB): A popular manufacturer of important household goods, KMB is one of the most reliable retirement stocks to buy. Ticker Company Current Price AWK American Water Works $145.94 D Dominion Energy $83.63 IRM Iron Mountain $53.34 WHR Whirlpool $191.52 HRL Hormel Foods $52.29 SBUX Starbucks $74.88 KMB Kimberly Clark $138.98 HAS Hasbro $91.02 XOM Exxon Mobil $86.40 REG Regency Centers $67.10 American Water Works (AWK) When deciphering the vast expanses of retirement stocks to buy, it’s a solid bet to think about the essentials of life. So, I’m sticking REG last on this list of ideas for retirement stocks to buy.
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2022-05-06 00:00:00 UTC
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Dominion Energy, Inc (D) Q1 2022 Earnings Call Transcript
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https://www.nasdaq.com/articles/dominion-energy-inc-d-q1-2022-earnings-call-transcript
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Image source: The Motley Fool.
Dominion Energy, Inc (NYSE: D)
Q1 2022 Earnings Call
May 05, 2022, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Welcome to the Dominion Energy first quarterearnings conference call [Operator instructions] I would now like to turn the conference call over to David McFarland, director, investor relations.
David McFarland -- Director, Investor Relations
Good morning, and thank you for joining today's call. Earnings materials, including today's prepared remarks, may contain forward-looking statements and estimates that are subject to various risks and uncertainties. Please refer to our SEC filings, including our most recent annual reports on Form 10-K and our quarterly reports on Form 10-Q for a discussion of factors that may cause results to differ from management's estimates and expectations. This morning, we will discuss some measures of our company's performance that differ from those recognized by GAAP.
Reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measures, which we can calculate are contained in the earnings release kit. I encourage you to visit our Investor Relations website to review webcast slides as well as the earnings release kit. Joining today's call are Bob Blue, chair, president, and chief executive officer; Jim Chapman, executive vice president, chief financial officer; and Diane Leopold, executive vice president and chief operating officer. I will now turn the call over to Jim.
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Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Thank you, David, and good morning. Before I begin, I'll remind everyone of the extensive disclosure package and growth capital roll forward we shared on last quarter's call. We're very focused on overall execution of those plans, including extending our track record of delivering results in line with our financial guidance as we did again this quarter. I'll begin with a recap of our compelling investment proposition and again, highlight our focus on the consistent execution of our strategy.
We expect to grow our earnings per share by 6.5% per year through at least 2026, based largely on our continued execution of our $37 billion five-year growth capital program, as shown on Slide 3. As a reminder, over 85% of that capital investment is emissions reduction enabling and over 75% is rider recovery eligible. The resulting approximately 10% total shareholder return proposition is combined with an attractive pure-play, state-regulated utility profile, and an industry-leading ESG profile. This utility profile is centered around five premier states, as shown on Slide 4.
All of these states share the philosophy that a common-sense approach to energy policy and regulation puts a priority on safety, reliability, affordability and sustainability, as Bob will touch on in his remarks in just a moment. Turning to Slide 5. We see up to $73 billion of green investment opportunity across our entire footprint through 2035, nearly all of which will qualify for regulated rider recovery. We believe we offer the largest, broadest in scope, longest in duration, and most visible regulated decarbonization opportunity among U.S.
utilities, which, as you will hear in today's prepared remarks, is continuing to steadily transform into reality. The successful execution of this plan is already benefiting our customers, communities, the environment, and our investors. Before handing it to Bob for his business update, I'll discuss our first quarter results and related financial topics. Our first quarter 2022 operating earnings, as shown on Slide 6, were $1.18 per share, which included $0.01 of help from better-than-normal weather in our utility service territories.
Weather-normalized results were at the midpoint of our quarterly guidance range, extending to 25 consecutive quarters, our track record of delivering on our financial commitments to our investors. Positive factors as compared to last year include growth from regulated investment across electric and gas utility programs, interest expense and modest margin help. Other factors as compared to the prior year include capacity expense and share dilution. First quarter GAAP earnings were $0.83 per share and reflect a noncash mark-to-market impact of economic hedging activities, unrealized changes in the value of our nuclear decommissioning trust fund, and other adjustments.
A summary of all adjustments between operating and reported results is, as usual, included in schedule two of the earnings release kit. Turning now to guidance on Slide 7. As usual, we are providing a quarterly guidance range, which is designed primarily to account for variations from normal weather. For the second quarter of 2022, we expect operating earnings to be between $0.70 and $0.80 per share.
Positive factors as compared to last year are expected to be normal course-regulated rider growth, sales growth, and a return to normal weather. Other factors as compared to last year are expected to be a millstone planned outage and some tax timing. We are affirming our existing full year and long-term operating earnings and dividend guidance as well, no changes here from prior guidance. Turning to Slide 8.
Let me take a minute to recap our O&M management and highlight our strong performance relative to our guidance of keeping O&M flat normalized for riders. Since our 2019 Investor Day, when we spent some time describing our flat normalized O&M target, we created a material value for our customers and shareholders by removing about $250 million in costs, a reduction over 8% during that four-year period, something we view as quite an accomplishment. Looking forward, we're focused on keeping normalized O&M flat by driving down costs through improved processes, innovative use of technology, and other best practices or cost-cutting initiatives. It's a dynamic process.
We very intentionally go through each of our segments, each of our assets, each of our locations to find opportunities to lean into technology to improve business processes and to improve in areas like smart buying across our platform. Finally, consistent with our current guidance, we expect to achieve flat normalized O&M through 2026, no changes here also from prior communications. Next, I'll touch on inflation, one of the more prevalent themes for this earnings season, it seems. While we don't have a crystal ball on where inflation rates are heading, how high and for how long, let me share some color on the way we think about the impact of inflation on our business.
As I mentioned, a substantial portion of our existing rate base and over 75% of our growth capital is rider eligible which allows for timely annual true-ups, including recovery of any changes to cost and interest rates without the need to wait for less frequent base rate proceedings. So how about inflationary impacts on our largest single rider project, regulated offshore wind? As discussed on our fourth quarter call, that project has been largely derisked from inflationary impacts at this point. Our five major fixed cost agreements collectively represent about $7 billion of the total capital budget. Within those contracts, only about $800 million remains subject to steel and metals commodity indexing, and this component of the budget already reflects commodity cost increases observed in 2021, leading up to our filing date.
So what about interest rates? Inflation is, of course, generally accompanied by a rise in rates. And we reflect market expectations, so increases in our planning process and in guidance. We, of course, don't just model flat rates. About 80% of our balance sheet is fixed rate and is long in duration, over 13 years in average tenure.
Looking ahead the future issuances of long-term debt, we manage that interest rate exposure through a variety of hedging and treasury activities including through what is currently about $10 billion notional of pre-issuance interest rate hedges, which will help us keep future costs low. So what does that mean? That portfolio allows us to lock in treasury rates for issuances between now and 2026 at rates as low as almost 1%. This year, we've already issued $1 billion of long-term debt at Dominion Energy Virginia at a weighted average cost of 2.6%, consistent with our 2022 financing plan guidance. As it relates to additional fixed income issuances remaining for the year, we will continue to monitor market conditions and look for opportunities to further derisk our plan and create shareholder value.
Finally, a reminder that economic growth, inflation, and higher interest rates are all part of the mix when it comes to determining authorized ROEs across our utility businesses in our periodic rate proceedings. So in summary, the current inflation environment is, of course, dynamic, and we are monitoring it closely. At present, however, due in part of the factors I've just described, we're not currently forecasting a material earnings impact associated with inflation. I would also note the impact that the current inflation environment can have on our customer bills.
We, of course, prioritize customer affordability and implement various mitigation strategies as Bob will discuss in a moment. And with that, I'll turn the call over to Bob.
Bob Blue -- Chairman, President, and Chief Executive Officer
Thank you, Jim. I'll begin with safety. As shown on Slide 9, through April of 2022, our OSHA recordable rate was 0.52. While overall results are tracking slightly higher than a year ago, they remain low relative to historical levels and substantially below industry averages.
Our safety performance matters immensely to our more than 17,000 employees to their families and to the communities we serve, which is why it matters so much to me and why it is our first core value. Now I'll turn to updates around the execution of our growth plan. Our regulated offshore wind project continues to be on schedule and on budget. Major project milestones are listed on Slide 10.
As we reported earlier and as Jim mentioned, contracts for major offshore equipment suppliers were completed and signed in late 2021. These include contracts for foundations, transition pieces, substations, transportation, installation and subsea cabling and turbine supply, and long-term service agreements. We've been pleased with the progress of the state rider approval review with intervener and staff testimony received rebuttal testimony filed, and a hearing scheduled to commence later this month. The final order is expected from the SEC in early August.
The federal permitting process also continues and the next major milestone is receipt of the draft environmental impact statement expected in the second half of this year. A few items to reiterate here. First, offshore wind, zero fuel cost and transformational economic development, and jobs benefits are needed now more than ever. The project will also propel Virginia closer to achieving its goal to become a major hub for the burgeoning offshore wind value chain up and down the country's East Coast.
Second, unlike any other such project in North America, this proposed investment is 100% regulated and eligible for rider recovery in Virginia. Finally, the VCEA provides very specific requirements on the presumption of prudency for investment in the project, which we are confident that we have already met. Turning to our Jones-Act vessel. The SEC in March approved our affiliates act application for DEV's contract.
The vessel remains on track for delivery in late 2023, and we expected to be entering service with plenty of time to support the 2024 turbine installation season. Turning to other notable clean energy investment updates. On April 23rd, we filed with the support of the SEC staff and consumer council, a settlement in the pending nuclear subsequent license renewal rider filing. Nuclear life extension represents nearly $4 billion in capital investment through 2035.
And this settlement agreement includes the first phase, which represents about $1 billion of that total. This agreement is very good news, and if approved by the SEC, resolves all issues in that case. In our estimation, the success of greenhouse gas emissions reduction targets requires the ongoing viability of existing nuclear facilities. These Virginia units have performed exceptionally well for years, providing over 30% of our customers' energy needs and providing that energy at low cost and carbon free.
Based on PJM's carbon intensity rate, just in the last year, Surry and North Anna avoided approximately 14 million tons of regional CO2 emissions. To provide some context, this is equivalent to a reduction of more than 3 million nonelectric cars for the entire year. Successful nuclear life extension is a win for customers and the environment, and we want to thank the parties to this proposed settlement for their efforts. On solar, I'm very pleased that the SEC in March approved our most recent clean energy filing, which included nearly 1,000 megawatts of solar and energy storage capacity, our fifth consecutive such approval.
We also recently issued an RFP for an additional 1,200 megawatts of solar capacity and 125 megawatts of energy storage. Our next clean energy filing will take place later this year. Our current portfolio of utility-scale projects, which are under various stages of development, represent over seven gigawatts of capacity. This pipeline goes a long way toward fulfilling our plan to meet the approximately 10 gigawatts of utility-owned solar by 2035 as called for by the VCEA.
Turning to the solar supply chain. As we discussed on prior calls, there continue to be challenges, supply is still tight and prices for certain components are still up. Recently, there's been a lot of focus on the potential impacts from the Department of Commerce's anti-circumvention review. Let me share a few thoughts on: one, our expectations for that review; two, the degree to which we have already substantially derisked our development activities; and three, our view of what the impacts could be if there are delays and what we might do to mitigate them.
First, what do we expect in relation to the review? We expect that preliminary findings will be known by as early as late August. And at that time, we should have a better informed view of whether tariffs apply to panels being imported from the four Southeast Asian countries included in the review. To clarify, our view is that panels are currently physically available as this review is not about prohibiting imports. What is not clear is whether or not tariffs will apply to panels from the countries included in this review.
I'd also note that we're encouraged by the Department of Commerce announcement earlier this week, which further narrowed the focus of this proceeding. Second, how have we derisked our development program? For 2022, our projects are not impacted by the review as the panels needed for those projects are already in the country. These projects remain very much on track. This holds true for our regulated solar project in Virginia and the more modest amount of unregulated solar we're developing on behalf of key customers.
For 2023, our portfolio of projects is also largely derisked and on track. All projects in this portfolio, which totaled some 1,100 megawatts across 16 regulated and unregulated projects are fully contracted with 60% of the panels being installed within this portfolio not expected to be impacted by the review, including panels that have been domestically sourced. For the remaining 40%, we expect the timing to be such that there is adequate time to resolve all potential tariff cost issues, if any, following the resolution of at least the first stages of the review. Now, what would be the impact if tariffs are applicable at the end of the day? Given our competitive advantages, including the strength of our supplier relations and contracts, we work to minimize the cost impact.
Keep in mind that while a tariff could be a material percentage of an individual panels cost, it may not be as major a cost driver of an overall utility scale solar installation. To provide some context, panels typically account for 30% of a project's total cost. So a 50% tariff on panels would increase the total cost of the project by 15%. So what does that mean for our 2023 portfolio? For the up to 40% potentially subject to review, which represents $800 million in planned capital investment, a hypothetical 50% tariff, if applied to every module, represents only about $120 million of incremental capital or less than 1% of our total capital budget for that year.
For our regulated solar projects, these additional costs will become part of our rider-approved solar project in Virginia and be subject to approval during the normal annual true-up for approved projects. For our nonregulated solar projects, which are being done on behalf of our key customers, typically very large C&I and data center customers, we expect to work with these customers to minimize the impacts of the tariffs. And given the time line for development as well as the relative importance of these projects to those customers who have their own clean energy goals, we remain comfortable with our current development expectations. For 2024 and beyond, our view is that there's more than adequate time for us to see where all this goes.
If tariffs apply, costs become part of our rider process for our regulated projects and PPA pricing would adjust for our unregulated projects. In the meantime, we're not standing idly by. We're actively engaged with the Biden administration, both through trade groups and directly through our federal delegation. This outreach is intended to remind the administration that in order to meet its longer-term climate goals, there has to be stability.
We remain focused on the customer impact and advocate for energy policy that provides for an affordable clean energy transition. Finally, purely hypothetically, if there are delays related to this tariff review, what would the financial impacts be and what might we do to mitigate them? First, we look to accelerate other capital to maintain the same financial profile while maintaining affordable customer rates. We've already noted the very substantial programs we're working on. These customer beneficial programs are focused on resiliency and decarbonization.
On the other hand, if there are delays and were unable to accelerate capital, there'd be a slight help as lower capital needs would reduce financing needs. Lastly, we also would look to additional O&M control initiatives as we have successfully demonstrated our ability to manage controllable costs, as Jim mentioned earlier. In summary, it's still early and we'll have to work through these issues. We're working closely with policymakers and other industry participants, and we'll continue to provide updates as things develop, but we simply do not see any material financial impacts at this time.
Shifting gears, let me now address RGGI. In anticipation of the withdrawal of Virginia from RGGI, we filed this morning with the SEC to suspend our rider RGGI that was approved to recover the pass-through costs related to required purchases of allowances through the RGGI market-based trading program for carbon dioxide emissions. We also requested that RGGI compliance costs incurred through July 31st and not yet recovered totaling approximately $178 million be alternatively recovered through DEV's base rates currently in effect. If approved, this proposal will provide a meaningful reduction to customer bills in a way that allows us to continue the rapid decarbonization of our system in Virginia.
Our view on RGGI is unchanged from the comments we made to the Virginia DEQ in 2018. While we are committed to the ongoing transition to cleaner and lower carbon emitting resources, we're concerned that Virginia's linkage to the RGGI program through the Virginia carbon proposal would result in a financial burden on customers with no real mitigation of greenhouse gas emissions regionally. Next is our gas distribution business. As we've discussed in the past, our gas utility operations are enhancing sustainability and working to reduce Scope 1 and 3 emissions with focused efforts around energy efficiency, renewable natural gas and hydrogen blending, operational modifications, potential changes around procurement practices, and unique customer product offerings.
For example, in March, we launched the CarbonRight program in Utah, which allows customers to offset 100% of their carbon emissions from natural gas usage for $5 a month. On the regulatory front, we continue to see strong support for timely recovery on prudently incurred investment to provide safe, reliable, affordable, and increasingly sustainable service, including pipeline replacement efforts and expansion of service to rural communities. Earlier this week, we filed a general rate case in Utah, which is required every three years. We asked in the case for an ROE of 10.3% and a revenue requirement increase of $70 million, which represents around a 6% increase to a typical customer bill.
We expect new rates based on a typical procedural schedule to be effective in January of next year. On RNG, we remain the largest agriculture-based RNG developer in the country. We've recently commenced operations at our second RNG project and expect five additional projects to come online this year for a total of seven projects producing RNG-based natural gas. In addition to these seven projects, we have a portfolio of projects in various stages of development.
At Dominion Energy South Carolina, I'd first like to highlight that business's excellent operating performance. Our employees completed the quarter with zero injuries, a goal that remains the top priority for our entire company. In addition, our commitment to the customer is unwavering. During the quarter, the average annual customer outage minutes, or SAIDI, was reduced by 20% relative to the same period last year, placing us again in the top quartile among all utilities in the Southeast.
This commitment to our customers was recently validated when Dominion Energy South Carolina was recognized as the easiest utility to do business with by Escalent, a top human behavior and analytics advisory firm. As it relates to our generation modernization program in South Carolina, we're on track. As a reminder, we're placing several of our older generation peaking turbines with modern, more efficient units. Modernizing this equipment will lower fuel cost to customers, improve environmental performance and provide reliability and efficiency benefits to accommodate the large and growing intermittent solar generation in South Carolina.
We're moving forward with two of the proposed sites, and we'll hold an RFP for a third later this year. Turning to Slide 13. Let me recap where we are on customer rates in Virginia, our largest service territory. Again, we are dedicated to the delivery of safe and reliable energy to our customers, which is also affordable.
Over the past 10 years, our rates, including fuel recovery, have increased on average by less than 1% per year, which is much lower than the average annual inflation rate over that period. Meanwhile, the share of our customers' wallet attributable to DEV's customer bill has declined over that time period, a testament to the fact that DEV's rates have remained relatively stable despite an overall increase in household income during that time. We also have rates that remain below the national and various regional averages. Based on EIA data, our typical customer rate is 13% lower than the national average.
Looking ahead, we expect to continue to offer a compelling value proposition to our customers with the addition of zero fuel resources to support sales growth driven by very robust data center demand, the ramp-up in electric vehicle adoption in our service territory and continued customer growth. In summary, we continue to be on an unwavering path to meet Virginia's clean energy goals by 2045. And it's incumbent upon us to deliver energy that is safe, reliable, affordable, and increasingly sustainable. Finally, let me highlight noteworthy developments in the legislative landscape for our company in Virginia.
The General Assembly passed and the governor signed House Bill 894, which tasks the SCC with setting up a site readiness program to encourage utility infrastructure investment in industrial sites designated as high demand. It also directs the Virginia Department of Energy to convene a work group to identify strategies for promotion of advanced small modular nuclear reactors. This bill exemplifies Virginia's pro-business, common sense approach to energy policy and regulation that puts a priority on reliability, affordability and sustainability. While still early, we applaud efforts to support research and development of technologies that will allow the utility industry to drive further carbon emissions reductions.
I see all this is consistent with the common sense approach to energy policy regulation that we typically see across our premier state jurisdictions. With that, let me summarize our remarks on Slide 14. Safety remains our top priority for the entire company. We extended our track record of reporting results in line with our financial guidance.
We affirmed our existing annual and long-term earnings guidance and our dividend growth guidance. We're focused on executing across project construction and achieving regulatory outcomes that serve our customers well, and we're aggressively pursuing our vision to be the most sustainable regulated energy company in America. We're now ready to take your questions.
Questions & Answers:
Operator
Thank you. [Operator instructions] Our first question will come from Shar Pourreza with Guggenheim Partners.
Shar Pourreza -- Guggenheim Partners -- Analyst
Good morning, guys. That was quite a comprehensive update there.
Bob Blue -- Chairman, President, and Chief Executive Officer
Good morning, Shar.
Shar Pourreza -- Guggenheim Partners -- Analyst
I guess if we could start with offshore wind. There's obviously been some back and forth in the docket and the testimonies, which I think was to be expected, but maybe start there. And I'm also curious if there are any updates on the remainder of the pricing that was indexed to commodities?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yeah. So Shar, you're right. The back and forth was expected. It's a regulatory proceeding.
There's always a bid/ask there. What I would say though is if you look at our rebuttal testimony and we were of this view when we filed the case, but I feel even stronger as now all the testimony is in, we have a very strong case on offshore wind. The legislation, the Virginia Clean Economy Act lays out the parameters for spending that is presumed prudent and we've clearly met all of those. And we showed in our rebuttal testimony under a variety of scenarios that this project is customer beneficial, particularly when you think about the updated PJM load forecast, which shows increased sales in Virginia.
So this project will help us meet that need. It will provide incredible economic benefits for the state. It is strongly supported, and we feel very comfortable with where we are on this as you recognize fully regulated offshore wind project. On pricing.
Yes, as you point out, there are portions of our contracts that have some indexes. They sort of move around but we contracted late last year, as you know, on these projects. And as we said in our prepared remarks, there's no change or update to budget or schedule on offshore wind. So we're still in what we believe was a very strong position we were in when we filed the case.
Shar Pourreza -- Guggenheim Partners -- Analyst
Got it. And then just obviously, separately, we just saw one of your peers in the Northeast put their wind business on the block. Just -- I just want to confirm your level of interest with any offshore wind opportunities outside of your current construct.
Bob Blue -- Chairman, President, and Chief Executive Officer
We're a state-regulated pure-play utility, and we're interested in state-regulated projects like the one that we're doing in Virginia. That's our interest in offshore wind.
Shar Pourreza -- Guggenheim Partners -- Analyst
Got it. And then just a real quick classic for me. Just in light of, obviously, the rising financing costs, I mean, at the parent and obviously, an extremely favorable commodity backdrop. I hate to sound like a broken record, but the backdrop for assets kind of remains really hot at this kind of a gas-price environment.
So any updated thoughts on Millstone in light of the current paradigm? And even co-point, just given the value of LNG assets given what we're seeing overseas. You clearly have incremental spending needs. I mean your capital growth is extremely healthy and eventually, you may need some sort of financing. So just curious on maybe the other parts of the business that may be seen as not a base or core, right?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes, Shar. I appreciate the fact that you -- every time we get a chance to see you, you ask us about this. So that's good and I admire your consistency. And we'll give the same answer and try to be consistent as well, which is we like the assets that we have to deliver on the performance that we've laid out.
We're very focused on execution. I will note specifically with Millstone, as we've been saying for some time, there's -- we think Millstone is critical to Connecticut and the region achieving its decarbonization goals. And the Connecticut legislature just overwhelmingly passed a bill proposed by Governor Lamont for -- based on his executive order for zero carbon by 2040. And as you'll recall last year, the DEEP, the Department of Energy and the Environment in Connecticut did a study on meeting that 2040 goal when it was executive order and showed that cases that keep Millstone in are hugely customer beneficial.
So we think that Millstone is a really solid asset that has operated very well. But overall, we like the asset mix that we've got to achieve the goals that we've set out.
Shar Pourreza -- Guggenheim Partners -- Analyst
Perfect. Thanks very much. And Bob, yes, that was consistent from a couple of weeks ago.
Bob Blue -- Chairman, President, and Chief Executive Officer
Absolutely. Wouldn't expect anything less.
Operator
Thank you. [Operator instructions] Our next question will come from Steve Fleishman with Wolfe Research.
Steve Fleishman -- Wolfe Research -- Analyst
Yeah. Hi. Good morning. Thank you.
Just on the offshore wind -- good morning, Bob. Just on the offshore wind should we assume this just goes to a litigated outcome in August? Or is there any chance to settle with the parties?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes, Steve. As you know from our approach that we've taken on regulatory issues, if there's a way to find a constructive settlement, we're all in favor of that. This project has a litigated time line or a litigation time line that has a hearing set for a couple of weeks from now and then an order in early August. And that's obviously, the presumption on any regulated proceeding.
If there were an opportunity to settle in a constructive way, we'd obviously do that. I expect you to hear that from every party to every litigated matter. But we've got a schedule and that's what we're following.
Steve Fleishman -- Wolfe Research -- Analyst
OK. And just going to the -- that was a very helpful update on the solar project situation for the company. Just on -- do you think when you get a preliminary decision in August, either way, would that be enough information likely to be able to kind of move forward with project decisions just because kind of likely be the rough range of outcome?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes. We would think that would give us a very good sense.
Steve Fleishman -- Wolfe Research -- Analyst
OK. And I'm also just curious how the C&I, the data center, those types of customers are? As you mentioned, a lot of them have ESG-type requirements and the like. Like do they seem to kind of get -- if it is a little more expensive, it just is like in terms of flexibility on that? Obviously, gas price is a lot higher, too, since this all started.
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes, Steve. Our data center customers are very sophisticated energy buyers. They understand market dynamics. So none of this.
They're obviously -- given their own clean energy goals, given the sophistication of their operations, they certainly understand what's going on in the market here.
Steve Fleishman -- Wolfe Research -- Analyst
OK. I'll leave it there. Thank you.
Bob Blue -- Chairman, President, and Chief Executive Officer
Thank you.
Operator
Our next question will come from Durgesh Chopra with Evercore ISI.
Durgesh Chopra -- Evercore ISI -- Analyst
Hey. Good morning, team. I want to second Steve's comment there on the crisp solar disclosures. I have two questions, both on that solar front.
Bob, you mentioned narrowing the scope of the investigation last week. Maybe just elaborate on that as to sort of why do you think that's a positive update? And how does that impact you and others in the industry?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes. I mean I can't -- there's not a lot of specifics that I would say, but it just gives us more confidence as you're sort of narrowing what they're looking at. I think there was some lack of clarity on that at first and that helps. So directionally positive.
I can't identify that there's a particular specific number that it changes for us.
Durgesh Chopra -- Evercore ISI -- Analyst
Got it. I guess it sounds like they narrowed the scope and it seems like you feel like the items to be debated are somewhat less. Is that like --
Bob Blue -- Chairman, President, and Chief Executive Officer
Got it?
Durgesh Chopra -- Evercore ISI -- Analyst
Got it. OK. Understood. And then just the 2023 one-plus gigawatt sort of plan, 60% secured.
How are you getting to that 60% secured? Is that because it is sort of -- the procurement there is from domestic entities? Or -- because we're hearing from some of your peers that there's a tremendous amount of tightness in the market on solar panels. And given the tariff uncertainty, it's kind of hard to procure. So I'm just kind of curious as to how you get to that 60%? How do you get comfortable with that 60% number in 2023?
Diane Leopold -- Chief Operating Officer
Good morning. This is Diane Leopold. So our 2023 projects are really all under contract. And for 60% of them, we know where our panels are coming from and we know definitively that 60% are not subject to this particular review given the four countries that are under review.
So it doesn't mean that the 40% definitely are affected by it, but we do have contracts for our 2023 projects and 60% of them are secured from areas not in this investigation.
Durgesh Chopra -- Evercore ISI -- Analyst
OK. Thanks. That's very helpful color. I appreciate that.
Thank you, guys. Appreciate you taking time.
Bob Blue -- Chairman, President, and Chief Executive Officer
Thanks, Durgesh.
Operator
Thank you. Our next question will come from Jeremy Tonet with J.P. Morgan.
Jeremy Tonet -- J.P. Morgan -- Analyst
Hi. Good morning.
Bob Blue -- Chairman, President, and Chief Executive Officer
Good morning, Jeremy.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Good morning.
Jeremy Tonet -- J.P. Morgan -- Analyst
Just want to keep going with the solar a little bit here. And I know you guys provide a lot of great details, so thank you for that. But just picking up, I guess, in your conversations with key stakeholders here, especially the commission. Since the start of the DOC investigation just wondering if you could provide a bit more color on how that's going? And do you anticipate the next clean energy filing in 2022? Or are those following in 2023 to differ from the latest clean energy filing? And really, how is the commission viewing the higher solar costs relative to other means of generation at this point?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes, Jeremy. I'll start and Diane could add any color, if necessary. But if you look, our CE2, Clean Energy II filing that was just approved was slightly higher prices than our Clean Energy I filing that had been approved a year before. And we'll file again for our third round later this year.
And that was approved. The commission looked at the cost inputs associated with that and approved that filing. So we're not -- we have not had specific conversations with the commission about this, but we'll -- we file the next round of solar, it will be on a similar kind of scale as what we filed before. And to the extent that there are some additional cost pressures, we'll show why they're there.
I do think it's important to understand that we've got a statute in Virginia, the Clean Economy Act, that calls for us to file for solar every year and hit those targets that are set out in the statute. And I think there's an understanding by all the parties there. And we still see solar as a very good value for our customers as we think about the overall clean energy transition. So we'll do the next filing.
We're obviously well underway with working through the pieces of that. We'll have that filing done later this year, but we're still very much on track.
Jeremy Tonet -- J.P. Morgan -- Analyst
Got it. That's very helpful there. Thank you for that. And then just pivoting here toward the Hope Gas.
Just want to see if there's any updates that you could provide us there in the process or any expectations, if anything's changed or just on track at this point?
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Hey, Jeremy. That process is very much on track. It's going well. We cleared the HSR hurdle already.
We are in the process of discussing that and doing a load of filings with the Western commission. So far, that seems to be progressing well, and we very much expect closing by the end of the year.
Jeremy Tonet -- J.P. Morgan -- Analyst
Got it. That's very helpful. I'll leave it there. Thanks.
Operator
Our next question will come from Paul Zimbardo with Bank of America.
Paul Zimbardo -- Bank of America Merrill Lynch -- Analyst
Hi. Good morning. Thank you. I definitely can pass on the solar question.
Thanks for the details there. On your commentary about O&M, I was curious, what does the pension performance been year to date? And are you thinking there could be a benefit or a headwind for '23 when you factor in the asset performance and also changes to the discount rate?
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Well, good question. We've heard that come up from a few of our peers this earnings season. It's interesting because our take -- our view is that it's too early to tell. Here we are at the end of Q1, yes, assets are down.
So discount rates are up. So we just don't think it's meaningful to make a determination on what that's going to mean for the 12/31 remeasurement date for all that. A little more color though. We -- at year-end, we're at about 110% funded status.
And based on rough math, mark-to-market today, assets are down a little bit, returns are down, discount rates are up, we still think it's in that same 110% range. But of course, for the natural pension expense for next year and beyond, first of all, it's only really mark-to-market at one time, which is 12/31, so some time to go in the year before we get there. And then both those elements, of course, factor in. If assets are down, of course, that's a hurt to pension expense, more pension expense.
And the corollary is that if discount rates and interest rates are up, it's a help. So we've seen those two things really offset so far on the rough mark-to-market through the first four months -- three or four months. But really, it's just too early to be able to tell much. What really matters where we are at the end of the year.
Paul Zimbardo -- Bank of America Merrill Lynch -- Analyst
OK. Great. Thank you for that. And then a bigger picture, longer-term question, if I could? I noticed there's a fair amount of storm damage in the quarter and also last year as well.
Are there any kind of initiatives, whether capital or O&M that you can take to kind of pre-emptively mitigate some of this like more strategic undergrounding or other avenues such as that?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes. Certainly, things that we look at. Obviously, we have a grid transformation program underway. That'll be a decade long.
Strategic undergrounding is an important part of that, being able to sectionalize lines more quickly and isolate faults and restore service without as much human intervention will be part of it. Some of the just basics of bigger poles, stronger conductor will also help. So yes, we've got programs underway that we will continue and always look for ways that we can cost effectively strengthen our system for customers.
Paul Zimbardo -- Bank of America Merrill Lynch -- Analyst
OK. Great. Thank you all very much.
Operator
[Operator signoff]
Duration: 45 minutes
Call participants:
David McFarland -- Director, Investor Relations
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Bob Blue -- Chairman, President, and Chief Executive Officer
Shar Pourreza -- Guggenheim Partners -- Analyst
Steve Fleishman -- Wolfe Research -- Analyst
Durgesh Chopra -- Evercore ISI -- Analyst
Diane Leopold -- Chief Operating Officer
Jeremy Tonet -- J.P. Morgan -- Analyst
Paul Zimbardo -- Bank of America Merrill Lynch -- Analyst
More D analysis
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Good morning. Bob Blue -- Chairman, President, and Chief Executive Officer Yes. Since our 2019 Investor Day, when we spent some time describing our flat normalized O&M target, we created a material value for our customers and shareholders by removing about $250 million in costs, a reduction over 8% during that four-year period, something we view as quite an accomplishment.
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Good morning. Bob Blue -- Chairman, President, and Chief Executive Officer Yes. Joining today's call are Bob Blue, chair, president, and chief executive officer; Jim Chapman, executive vice president, chief financial officer; and Diane Leopold, executive vice president and chief operating officer.
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Good morning. Bob Blue -- Chairman, President, and Chief Executive Officer Yes. Joining today's call are Bob Blue, chair, president, and chief executive officer; Jim Chapman, executive vice president, chief financial officer; and Diane Leopold, executive vice president and chief operating officer.
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Good morning. Bob Blue -- Chairman, President, and Chief Executive Officer Yes. For the second quarter of 2022, we expect operating earnings to be between $0.70 and $0.80 per share.
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698721.0
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2022-05-06 00:00:00 UTC
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Dominion Energy Now the Most Expensive vs. Litecoin This Year
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Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 5/6/2022, Litecoin ($LTC) can buy you the least amount of Dominion Energy shares, in the past year. For example, if you had 1 Litecoin coin and wished to buy shares of D(Symbol: D) with the proceeds, you would only be able to buy 1.17 shares of D. That's versus a high amount of 4.96 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of Dominion Energy shares, relative to the performance of Litecoin; and here's how the two compare over the past year on a total return basis:
Check out our Litecoin historical price chart and Dominion Energy vs Crypto pages for additional charts. Note that any stock splits and/or dividends are included when we calculate the D returns.
Be sure to follow us at CryptocurrenciesChannel.com for more interesting stock market vs. digital asset comparisons!
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time. We noticed that as of 5/6/2022, Litecoin ($LTC) can buy you the least amount of Dominion Energy shares, in the past year. Note that any stock splits and/or dividends are included when we calculate the D returns.
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Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time. We noticed that as of 5/6/2022, Litecoin ($LTC) can buy you the least amount of Dominion Energy shares, in the past year. Here's how this relationship looks charted, over the past year: The main driver of the above bar chart has, of course, been the performance of Dominion Energy shares, relative to the performance of Litecoin; and here's how the two compare over the past year on a total return basis: Check out our Litecoin historical price chart and Dominion Energy vs Crypto pages for additional charts.
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For example, if you had 1 Litecoin coin and wished to buy shares of D(Symbol: D) with the proceeds, you would only be able to buy 1.17 shares of D. That's versus a high amount of 4.96 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year: The main driver of the above bar chart has, of course, been the performance of Dominion Energy shares, relative to the performance of Litecoin; and here's how the two compare over the past year on a total return basis: Check out our Litecoin historical price chart and Dominion Energy vs Crypto pages for additional charts. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time. We noticed that as of 5/6/2022, Litecoin ($LTC) can buy you the least amount of Dominion Energy shares, in the past year. Note that any stock splits and/or dividends are included when we calculate the D returns.
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698722.0
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2022-05-05 00:00:00 UTC
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Thursday Sector Leaders: Utilities, Energy
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https://www.nasdaq.com/articles/thursday-sector-leaders%3A-utilities-energy-1
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The best performing sector as of midday Thursday is the Utilities sector, losing just 0.9%. Within that group, Eversource Energy (Symbol: ES) and Dominion Energy Inc (Symbol: D) are two large stocks leading the way, showing a gain of 1.2% and 0.7%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.9% on the day, and up 0.86% year-to-date. Eversource Energy, meanwhile, is down 0.78% year-to-date, and Dominion Energy Inc is up 6.64% year-to-date. Combined, ES and D make up approximately 9.6% of the underlying holdings of XLU.
The next best performing sector is the Energy sector, losing just 1.8%. Among large Energy stocks, Pioneer Natural Resources Co (Symbol: PXD) and Occidental Petroleum Corp (Symbol: OXY) are the most notable, showing a gain of 1.5% and 1.3%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 1.3% in midday trading, and up 46.61% on a year-to-date basis. Pioneer Natural Resources Co, meanwhile, is up 43.16% year-to-date, and Occidental Petroleum Corp is up 115.56% year-to-date. Combined, PXD and OXY make up approximately 7.9% of the underlying holdings of XLE.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, none of the sectors are up on the day, while nine sectors are down.
SECTOR % CHANGE
Utilities -0.9%
Energy -1.8%
Consumer Products -2.7%
Healthcare -2.7%
Financial -2.8%
Industrial -3.0%
Materials -3.0%
Services -3.9%
Technology & Communications -4.2%
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, PXD and OXY make up approximately 7.9% of the underlying holdings of XLE. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. Utilities -0.9% Energy -1.8% Consumer Products -2.7% Healthcare -2.7% Financial -2.8% Industrial -3.0% Materials -3.0% Services -3.9% Technology & Communications -4.2% 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.9% on the day, and up 0.86% year-to-date. Among large Energy stocks, Pioneer Natural Resources Co (Symbol: PXD) and Occidental Petroleum Corp (Symbol: OXY) are the most notable, showing a gain of 1.5% and 1.3%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 1.3% in midday trading, and up 46.61% on a year-to-date basis.
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Within that group, Eversource Energy (Symbol: ES) and Dominion Energy Inc (Symbol: D) are two large stocks leading the way, showing a gain of 1.2% and 0.7%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.9% on the day, and up 0.86% year-to-date. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is down 1.3% in midday trading, and up 46.61% on a year-to-date basis.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.9% on the day, and up 0.86% year-to-date. Eversource Energy, meanwhile, is down 0.78% year-to-date, and Dominion Energy Inc is up 6.64% year-to-date. The best performing sector as of midday Thursday is the Utilities sector, losing just 0.9%.
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698723.0
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2022-05-05 00:00:00 UTC
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XLU, NEE, DUK, D: Large Inflows Detected at ETF
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https://www.nasdaq.com/articles/xlu-nee-duk-d%3A-large-inflows-detected-at-etf
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $959.0 million dollar inflow -- that's a 6.4% increase week over week in outstanding units (from 207,020,000 to 220,270,000). Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is down about 1.2%, Duke Energy Corp (Symbol: DUK) is down about 0.2%, and Dominion Energy Inc (Symbol: D) is up by about 0.1%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $72.06. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $959.0 million dollar inflow -- that's a 6.4% increase week over week in outstanding units (from 207,020,000 to 220,270,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is down about 1.2%, Duke Energy Corp (Symbol: DUK) is down about 0.2%, and Dominion Energy Inc (Symbol: D) is up by about 0.1%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $72.06. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $959.0 million dollar inflow -- that's a 6.4% increase week over week in outstanding units (from 207,020,000 to 220,270,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $72.06. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $959.0 million dollar inflow -- that's a 6.4% increase week over week in outstanding units (from 207,020,000 to 220,270,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $62.99 per share, with $77.23 as the 52 week high point — that compares with a last trade of $72.06. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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698724.0
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2022-05-05 00:00:00 UTC
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Dominion Energy's (D) Q1 Earnings & Revenues Lag Estimates
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https://www.nasdaq.com/articles/dominion-energys-d-q1-earnings-revenues-lag-estimates
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Dominion Energy Inc. D reported first-quarter 2022 operating earnings of $1.18 per share, which lagged the Zacks Consensus Estimate by a penny. Quarterly earnings were within the guided range of $1.10-$1.25 per share. Operating earnings improved 8.3% year over year.
GAAP earnings for the first quarter were 83 cents per share compared with $1.23 in the year-ago quarter.
Revenues
Dominion Energy’s total revenues came in at $4,279 million, which lagged the Zacks Consensus Estimate of $4,286 million by 0.2%. Revenues improved 10.6% from $3,870 million in the year-ago quarter.
Dominion Energy Inc. Price, Consensus and EPS Surprise
Dominion Energy Inc. price-consensus-eps-surprise-chart | Dominion Energy Inc. Quote
Highlights of the Release
Total operating expenses increased 10.4% year over year to $3,303 million due to higher electric fuel and other energy-related purchase costs.
Interest and related charges for the reported quarter were $174 million, up 228.3% from the year-ago period.
Segment Details
Dominion Energy Virginia: Net income from this segment was $518 million, up 19.4% year over year.
Gas Distribution: Net income from this segment was $294 million, up 17.1% from the year-ago figure.
Dominion Energy South Carolina: Net income from this segment was $109 million, up 6.9% year over year.
Contracted Assets: Net income from this segment was $101 million, down 32.7% year over year.
Corporate and Other: Net loss was $22 million compared with a loss of $44 million in the year-ago quarter.
Financial Highlights
Cash and cash equivalents as of Mar 31, 2022 was $444 million compared with $283 million as of Dec 31, 2021.
Total long-term debt as of Mar 31, 2022 was $36,659 million, down from $37,426 million as of Dec 31, 2021.
For first-quarter 2022, cash provided from operating activities was $1,125 million compared with $1,452 million in the year-ago period.
Guidance
Dominion initiated its second-quarter 2022 operating earnings guidance in the range of 70-80 cents per share. Dominion reported earnings of 76 cents per share in the year-ago period. The midpoint of the guided range is 75 cents, lower than the current Zacks Consensus Estimate for the period of 80 cents per share.
Dominion reiterated its 2022 earnings per share view in the range of $3.95-$4.25. The midpoint of the guidance is $4.10 per share, which is lower than the current Zacks Consensus Estimate of $4.12.
Growth capital expenditure for the 2022-2026 period is expected to be $37 billion, and nearly 85% of the planned expenditure will be directed toward lowering emissions.
Zacks Rank
Currently, Dominion Energy has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%.
NextEra Energy’s long-term (three to five years) earnings growth is pegged at 8.8%. The Zacks Consensus Estimate for NEE’s 2022 earnings per share of $2.81 indicates year-over-year growth of 10.2%.
American Electric Power Company, Inc. AEP reported first-quarter 2022 adjusted earnings per share of $1.22, which beat the Zacks Consensus Estimate of $1.19 by 2.5%.
American Electric Power’s long-term earnings growth is projected at 5.9%. The Zacks Consensus Estimate for AEP’s 2022 earnings indicates year-over-year growth of 5.3%.
Xcel Energy Inc. XEL posted first-quarter 2022 operating earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents by 2.9%.
Xcel Energy’s long-term earnings growth is projected at 6.4%. The Zacks Consensus Estimate for XEL’s 2022 earnings indicates year-over-year growth of 7.1%.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xcel Energy Inc. (XEL): Free Stock Analysis Report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc. D reported first-quarter 2022 operating earnings of $1.18 per share, which lagged the Zacks Consensus Estimate by a penny. American Electric Power Company, Inc. AEP reported first-quarter 2022 adjusted earnings per share of $1.22, which beat the Zacks Consensus Estimate of $1.19 by 2.5%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Other Releases NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%. American Electric Power Company, Inc. AEP reported first-quarter 2022 adjusted earnings per share of $1.22, which beat the Zacks Consensus Estimate of $1.19 by 2.5%. Dominion Energy Inc. D reported first-quarter 2022 operating earnings of $1.18 per share, which lagged the Zacks Consensus Estimate by a penny.
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Dominion Energy Inc. D reported first-quarter 2022 operating earnings of $1.18 per share, which lagged the Zacks Consensus Estimate by a penny. Dominion Energy Inc. Price, Consensus and EPS Surprise Dominion Energy Inc. price-consensus-eps-surprise-chart | Dominion Energy Inc. Quote Highlights of the Release Total operating expenses increased 10.4% year over year to $3,303 million due to higher electric fuel and other energy-related purchase costs. Other Releases NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%.
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Dominion Energy Inc. D reported first-quarter 2022 operating earnings of $1.18 per share, which lagged the Zacks Consensus Estimate by a penny. The midpoint of the guided range is 75 cents, lower than the current Zacks Consensus Estimate for the period of 80 cents per share. Dominion Energy Inc. (D): Free Stock Analysis Report
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698725.0
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2022-05-05 00:00:00 UTC
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Dominion Energy, Inc. Q1 Profit Decreases, but beats estimates
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https://www.nasdaq.com/articles/dominion-energy-inc.-q1-profit-decreases-but-beats-estimates
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(RTTNews) - Dominion Energy, Inc. (D) announced earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $711 million, or $0.83 per share. This compares with $1.01 billion, or $1.23 per share, in last year's first quarter.
Excluding items, Dominion Energy, Inc. reported adjusted earnings of $1.00 billion or $1.18 per share for the period.
Analysts on average had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.6% to $4.28 billion from $3.87 billion last year.
Dominion Energy, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $711 Mln. vs. $1.01 Bln. last year. -EPS (Q1): $0.83 vs. $1.23 last year. -Analyst Estimates: $1.17 -Revenue (Q1): $4.28 Bln vs. $3.87 Bln last year.
-Guidance: Next quarter EPS guidance: $0.70 to $0.80 Full year EPS guidance: $3.95 to $4.25
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy, Inc. (D) announced earnings for first quarter that decreased from last year but beat the Street estimates. Excluding items, Dominion Energy, Inc. reported adjusted earnings of $1.00 billion or $1.18 per share for the period. Analysts on average had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters.
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Excluding items, Dominion Energy, Inc. reported adjusted earnings of $1.00 billion or $1.18 per share for the period. -Guidance: Next quarter EPS guidance: $0.70 to $0.80 Full year EPS guidance: $3.95 to $4.25 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - Dominion Energy, Inc. (D) announced earnings for first quarter that decreased from last year but beat the Street estimates.
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(RTTNews) - Dominion Energy, Inc. (D) announced earnings for first quarter that decreased from last year but beat the Street estimates. The company's earnings totaled $711 million, or $0.83 per share. Excluding items, Dominion Energy, Inc. reported adjusted earnings of $1.00 billion or $1.18 per share for the period.
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(RTTNews) - Dominion Energy, Inc. (D) announced earnings for first quarter that decreased from last year but beat the Street estimates. Excluding items, Dominion Energy, Inc. reported adjusted earnings of $1.00 billion or $1.18 per share for the period. The company's earnings totaled $711 million, or $0.83 per share.
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698726.0
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2022-05-04 00:00:00 UTC
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Pre-Market Earnings Report for May 5, 2022 : COP, ZTS, BDX, D, ICE, APD, SHOP, SRE, BCE, PH, DDOG, APTV
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-may-5-2022-%3A-cop-zts-bdx-d-ice-apd-shop-sre-bce-ph-ddog
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The following companies are expected to report earnings prior to market open on 05/05/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
ConocoPhillips (COP)is reporting for the quarter ending March 31, 2022. The oil company's consensus earnings per share forecast from the 7 analysts that follow the stock is $3.24. This value represents a 369.57% increase compared to the same quarter last year. In the past year COP has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 3.18%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for COP is 6.86 vs. an industry ratio of 12.30.
Zoetis Inc. (ZTS)is reporting for the quarter ending March 31, 2022. The drug company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.22. This value represents a 3.17% decrease compared to the same quarter last year. In the past year ZTS has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 4.17%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ZTS is 34.07 vs. an industry ratio of -0.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Becton, Dickinson and Company (BDX)is reporting for the quarter ending March 31, 2022. The medical/dental supplies company's consensus earnings per share forecast from the 10 analysts that follow the stock is $2.99. This value represents a 6.27% decrease compared to the same quarter last year. In the past year BDX has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 27.27%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for BDX is 19.55 vs. an industry ratio of 25.20.
Dominion Energy, Inc. (D)is reporting for the quarter ending March 31, 2022. The electric power utilities company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.19. This value represents a 9.17% increase compared to the same quarter last year. D missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -1.3%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for D is 19.72 vs. an industry ratio of 15.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Intercontinental Exchange Inc. (ICE)is reporting for the quarter ending March 31, 2022. The securities exchange company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.42. This value represents a 5.97% increase compared to the same quarter last year. In the past year ICE has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ICE is 20.37 vs. an industry ratio of 30.10.
Air Products and Chemicals, Inc. (APD)is reporting for the quarter ending March 31, 2022. The chemical company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.35. This value represents a 12.98% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for APD is 23.26 vs. an industry ratio of 16.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Shopify Inc. (SHOP)is reporting for the quarter ending March 31, 2022. The internet services company's consensus earnings per share forecast from the 28 analysts that follow the stock is $-0.39. This value represents a 129.55% decrease compared to the same quarter last year. SHOP missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -70.21%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SHOP is -214.38 vs. an industry ratio of 0.70.
Sempra (SRE)is reporting for the quarter ending March 31, 2022. The gas distribution company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.79. This value represents a 5.42% decrease compared to the same quarter last year. In the past year SRE has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SRE is 19.02 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry.
BCE, Inc. (BCE)is reporting for the quarter ending March 31, 2022. The diversified company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.64. This value represents a 3.23% increase compared to the same quarter last year. In the past year BCE has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for BCE is 20.25 vs. an industry ratio of 60.30.
Parker-Hannifin Corporation (PH)is reporting for the quarter ending March 31, 2022. The machinery company's consensus earnings per share forecast from the 5 analysts that follow the stock is $4.61. This value represents a 12.17% increase compared to the same quarter last year. In the past year PH has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 15.84%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PH is 15.23 vs. an industry ratio of 18.60.
Datadog, Inc. (DDOG)is reporting for the quarter ending March 31, 2022. The internet software company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.06. This value represents a 100.00% decrease compared to the same quarter last year. DDOG missed the consensus earnings per share in the 1st calendar quarter of 2021 by -50%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DDOG is -478.71 vs. an industry ratio of -107.40.
Aptiv PLC (APTV)is reporting for the quarter ending March 31, 2022. The technology services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.63. This value represents a 40.57% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for APTV is 28.32 vs. an industry ratio of -1.40, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following companies are expected to report earnings prior to market open on 05/05/2022. Visit our Earnings Calendar for a full list of expected earnings releases. ConocoPhillips (COP)is reporting for the quarter ending March 31, 2022.
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Zacks Investment Research reports that the 2022 Price to Earnings ratio for ZTS is 34.07 vs. an industry ratio of -0.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2022 Price to Earnings ratio for APD is 23.26 vs. an industry ratio of 16.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SRE is 19.02 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2022 Price to Earnings ratio for ZTS is 34.07 vs. an industry ratio of -0.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2022 Price to Earnings ratio for D is 19.72 vs. an industry ratio of 15.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2022 Price to Earnings ratio for SRE is 19.02 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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In the past year BDX has beat the expectations every quarter. The following companies are expected to report earnings prior to market open on 05/05/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
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698727.0
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2022-05-04 00:00:00 UTC
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Pinnacle West (PNW) Q1 Earnings & Revenues Beat Estimates
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https://www.nasdaq.com/articles/pinnacle-west-pnw-q1-earnings-revenues-beat-estimates
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Pinnacle West Capital Corporation PNW reported first-quarter 2022 operating earnings per share (EPS) of 15 cents, which surpassed the Zacks Consensus Estimate of 5 cents by 200%.
However, the bottom line decreased by 53.1% from the prior-year quarter’s earnings of 32 cents per share. The unfavorable decision on the general rate case was the primary driver for lower quarter-over-quarter earnings results.
Total Revenues
Total revenues of $783.5 million for the first quarter of 2022 surpassed the Zacks Consensus Estimate of $716 million by 9.4%. The top line also improved by 12.5% from $696.5 million in the prior-year quarter.
Pinnacle West Capital Corporation Price, Consensus and EPS Surprise
Pinnacle West Capital Corporation price-consensus-eps-surprise-chart | Pinnacle West Capital Corporation Quote
Operational Highlights
In the first quarter, total operating expenses were $729 million, up 12.3% from the year-ago quarter’s level due to an increase in the fuel and power purchase cost.
The operating income in the first quarter was $54.5 million, up 14.7% from the year-ago quarter’s reading of $47.5 million.
Net interest expenses were $65.4 million, up 5.7% from the year-ago quarter’s reading of $61.9 million.
Pinnacle West recorded robust 2.2% year-over-year customer growth and experienced stronger-than-projected sales growth of 4.4%.
Financial Highlights
Cash and cash equivalents were $14 million as of Mar 31, 2022 compared with $10 million as of Dec 31, 2021.
The long-term debt less current maturities was $7,226.6 million as of Mar 31, 2022, higher than $6,913.7 million as of Dec 31, 2021.
Net cash flow provided by the operating activities in the first three months of 2022 was $340.6 million compared with $202 million in the year-ago quarter.
Guidance
Pinnacle West reiterated 2022 EPS in the range of $3.90-$4.10. The Zacks Consensus Estimate for 2022 earnings of $4 per share is on par with the midpoint of the guided range.
The utility plans to invest $4.7 billion inthe 2022-2024 period to support customer growth, reliability and clean transition. Out of the total, PNW plans to invest $1.53 billion in 2022.
Pinnacle West reiterated the expectation of rate base growth at nearly 5-6% annually through 2024 from the 2020 levels.
Zacks Rank
Pinnacle West currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Dominion Energy D is scheduled to announce first-quarter 2022 results on May 5 before market open. The Zacks Consensus Estimate for earnings is pegged at $1.19 per share.
Dominion’s long-term earnings growth is projected at 6.1%. The Zacks Consensus Estimate for D’s 2022 EPS suggests year-over-year growth of 6.7%.
Duke Energy DUK is set to release first-quarter 2022 results on May 9 before market open. The Zacks Consensus Estimate for EPS is pegged at $1.37.
Duke Energy’s long-term earnings growth is projected at 6.2%. The Zacks Consensus Estimate for DUK’s 2022 EPS indicates year-over-year growth of 4.2%.
Algonquin Power & Utilities AQN is set to release first-quarter 2022 results on May 12 after market close. The Zacks Consensus Estimate for EPS is pegged at 23 cents.
Algonquin Power & Utilities’ long-term (three to five years) earnings growth is projected at 8.1%. The Zacks Consensus Estimate for AQN’s 2022 EPS indicates year-over-year growth of 5.6%.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Duke Energy Corporation (DUK): Free Stock Analysis Report
Pinnacle West Capital Corporation (PNW): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Algonquin Power & Utilities Corp. (AQN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The unfavorable decision on the general rate case was the primary driver for lower quarter-over-quarter earnings results. The utility plans to invest $4.7 billion inthe 2022-2024 period to support customer growth, reliability and clean transition. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Pinnacle West Capital Corporation PNW reported first-quarter 2022 operating earnings per share (EPS) of 15 cents, which surpassed the Zacks Consensus Estimate of 5 cents by 200%. Pinnacle West Capital Corporation Price, Consensus and EPS Surprise Pinnacle West Capital Corporation price-consensus-eps-surprise-chart | Pinnacle West Capital Corporation Quote Operational Highlights In the first quarter, total operating expenses were $729 million, up 12.3% from the year-ago quarter’s level due to an increase in the fuel and power purchase cost. However, the bottom line decreased by 53.1% from the prior-year quarter’s earnings of 32 cents per share.
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Pinnacle West Capital Corporation PNW reported first-quarter 2022 operating earnings per share (EPS) of 15 cents, which surpassed the Zacks Consensus Estimate of 5 cents by 200%. Total Revenues Total revenues of $783.5 million for the first quarter of 2022 surpassed the Zacks Consensus Estimate of $716 million by 9.4%. Pinnacle West Capital Corporation Price, Consensus and EPS Surprise Pinnacle West Capital Corporation price-consensus-eps-surprise-chart | Pinnacle West Capital Corporation Quote Operational Highlights In the first quarter, total operating expenses were $729 million, up 12.3% from the year-ago quarter’s level due to an increase in the fuel and power purchase cost.
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Pinnacle West Capital Corporation PNW reported first-quarter 2022 operating earnings per share (EPS) of 15 cents, which surpassed the Zacks Consensus Estimate of 5 cents by 200%. Total Revenues Total revenues of $783.5 million for the first quarter of 2022 surpassed the Zacks Consensus Estimate of $716 million by 9.4%. However, the bottom line decreased by 53.1% from the prior-year quarter’s earnings of 32 cents per share.
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698728.0
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2022-05-04 00:00:00 UTC
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NRG Energy (NRG) to Post Q1 Earnings: What's in the Offing?
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https://www.nasdaq.com/articles/nrg-energy-nrg-to-post-q1-earnings%3A-whats-in-the-offing
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NRG Energy, Inc. NRG is scheduled to release first-quarter 2022 results on May 6 before market open. NRG Energy witnessed an earnings surprise of 27.6% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
NRG Energy’s quarterly earnings are likely to have benefited from the ongoing share repurchases. NRG repurchased $120 million worth of shares from the date of the $1 billion repurchase authorization. The reduction in the debt balance is likely to have lowered capital servicing costs and boosted margins in the first quarter.
Expectations
The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 73 cents, indicating a 13.1% decline from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for first-quarter 2022 revenues is pegged at $3.17 billion, indicating a 60.8% decline from the year-ago quarter’s reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for NRG Energy this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
NRG Energy, Inc. Price and EPS Surprise
NRG Energy, Inc. price-eps-surprise | NRG Energy, Inc. Quote
Earnings ESP: NRG Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NRG carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry who have the right combination of elements to beat earnings in this reporting cycle.
MGE Energy MGEE is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. MGE Energy has an Earnings ESP of +3.63% and carries a Zacks Rank #2 at present. MGEE’s long-term earnings growth is projected at 6.1%.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.42% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.
Brookfield Renewable Partners BEP is likely to come up with an earnings beat when it reports first-quarter results on May 6 before market open. Brookfield Renewable Partners has an Earnings ESP of +54.56% and carries a Zacks Rank #3 at present. The Zacks Consensus Estimate for BEP’s 2022 earnings implies year-over-year growth of 73.9%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NRG Energy, Inc. (NRG): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
Brookfield Renewable Partners L.P. (BEP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Expectations The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 73 cents, indicating a 13.1% decline from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter 2022 revenues is pegged at $3.17 billion, indicating a 60.8% decline from the year-ago quarter’s reported figure. Brookfield Renewable Partners BEP is likely to come up with an earnings beat when it reports first-quarter results on May 6 before market open.
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Expectations The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 73 cents, indicating a 13.1% decline from the year-ago quarter’s reported figure. NRG Energy, Inc. Price and EPS Surprise NRG Energy, Inc. price-eps-surprise | NRG Energy, Inc. Quote Earnings ESP: NRG Energy has an Earnings ESP of 0.00%. Brookfield Renewable Partners L.P. (BEP): Free Stock Analysis Report
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below. NRG Energy, Inc. Price and EPS Surprise NRG Energy, Inc. price-eps-surprise | NRG Energy, Inc. Quote Earnings ESP: NRG Energy has an Earnings ESP of 0.00%. NRG Energy, Inc. NRG is scheduled to release first-quarter 2022 results on May 6 before market open.
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NRG Energy, Inc. Price and EPS Surprise NRG Energy, Inc. price-eps-surprise | NRG Energy, Inc. Quote Earnings ESP: NRG Energy has an Earnings ESP of 0.00%. You can see the complete list of today’s Zacks #1 Rank stocks here. NRG Energy, Inc. NRG is scheduled to release first-quarter 2022 results on May 6 before market open.
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698729.0
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2022-05-04 00:00:00 UTC
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NiSource (NI) Q1 Earnings Miss Estimates, Revenues Beat
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NiSource Inc. NI reported first-quarter 2022 operating earnings per share (EPS) of 75 cents, which lagged the Zacks Consensus Estimate by a penny. The bottom line also declined 2.6% from the year-ago quarter’s earnings of 77 cents per share.
On a GAAP basis, NiSource reported first-quarter 2022 EPS of 94 cents, up 30.6% from 72 cents in the year-ago quarter.
Total Revenues
Operating revenues of $1,873.3 million surpassed the Zacks Consensus Estimate of $1,872 million by 0.06%. The top line improved 21.2% from $1,545.6 million in the prior-year quarter.
NiSource, Inc Price, Consensus and EPS Surprise
NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote
Highlights of the Release
Total operating expenses for the first quarter amounted to $1,273 million, up 14.4% from the year-ago quarter’s $1112.4 million, due to the higher cost of energy, operating and maintenance trackers and taxes.
Operating income was $600.3 million, up 38.6% from the year-ago figure of $433.2 million.
Net interest expenses in the reported quarter were down 1.1% from the prior-year quarter’s figure to $83.7 million.
Financial Update
NiSource's cash and cash equivalents as of Mar 31, 2022 were $114.5 million, up from $84.2 million as of Dec 31, 2021.
Long-term debts (excluding amounts due within a year) as of Mar 31, 2022 were $9,179.8 million compared with $9,183.4 million as of Dec 31, 2021.
Net cash flows from operating activities in first three months of 2022 were $579.8 million compared with $448.3 million in first three months of 2021.
Guidance
NiSource reiterated the 2022 non-GAAP net operating earnings guidance in the range of $1.42-$1.48 per share and expects earnings to witness a CAGR of 7-9% from 2021 through 2024, including a near-term annual growth rate of 5-7% through 2023.
NiSource plans to make capital investments of nearly $10 billion during the 2021-2024 period. From 2022, through 2024, NiSource plans to invest $2 billion in renewable projects.
Zacks Rank
NiSource currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Dominion Energy D is scheduled to announce first-quarter 2022 results on May 5. The Zacks Consensus Estimate for earnings is pegged at $1.19 per share.
Dominion’s long-term (three to five years) earnings growth is projected at 6.1%. The Zacks Consensus Estimate for D’s 2022 EPS suggests year-over-year growth of 6.7%.
Duke Energy DUK is set to release first-quarter 2022 results on May 9 before market open. The Zacks Consensus Estimate for EPS is pegged at $1.37.
Duke Energy’s long-term earnings growth is projected at 6.2%. The Zacks Consensus Estimate for DUK’s 2022 EPS indicates year-over-year growth of 4.2%.
Algonquin Power & Utilities AQN is set to release first-quarter 2022 results on May 12. The Zacks Consensus Estimate for EPS is pegged at 23 cents.
Algonquin Power & Utilities’ long-term earnings growth is projected at 8.1%. The Zacks Consensus Estimate for AQN’s 2022 EPS indicates year-over-year growth of 5.6%.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NiSource, Inc (NI): Free Stock Analysis Report
Duke Energy Corporation (DUK): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Algonquin Power & Utilities Corp. (AQN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NiSource Inc. NI reported first-quarter 2022 operating earnings per share (EPS) of 75 cents, which lagged the Zacks Consensus Estimate by a penny. Duke Energy DUK is set to release first-quarter 2022 results on May 9 before market open. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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NiSource Inc. NI reported first-quarter 2022 operating earnings per share (EPS) of 75 cents, which lagged the Zacks Consensus Estimate by a penny. The bottom line also declined 2.6% from the year-ago quarter’s earnings of 77 cents per share. On a GAAP basis, NiSource reported first-quarter 2022 EPS of 94 cents, up 30.6% from 72 cents in the year-ago quarter.
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NiSource Inc. NI reported first-quarter 2022 operating earnings per share (EPS) of 75 cents, which lagged the Zacks Consensus Estimate by a penny. Total Revenues Operating revenues of $1,873.3 million surpassed the Zacks Consensus Estimate of $1,872 million by 0.06%. NiSource, Inc Price, Consensus and EPS Surprise NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote Highlights of the Release Total operating expenses for the first quarter amounted to $1,273 million, up 14.4% from the year-ago quarter’s $1112.4 million, due to the higher cost of energy, operating and maintenance trackers and taxes.
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You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Dominion Energy Inc. (D): Free Stock Analysis Report
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698730.0
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2022-05-04 00:00:00 UTC
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National Fuel Gas (NFG) to Report Q2 Earnings: What's in Store?
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National Fuel Gas Company NFG is scheduled to release second-quarter fiscal 2022 earnings on May 6 before market open. National Fuel Gas witnessed an earnings surprise of 9.6% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
An improvement in commodity prices and the higher production from acquired assets in the Appalachian region are likely to have boosted the performance in the second quarter of fiscal 2022. The expanding operations and growth in the interstate pipeline are likely to have generated additional revenues in the fiscal second quarter.
National Fuel Gas’ second-quarter fiscal 2022 results are likely to be impacted by higher operating and maintenance expenses.
Expectation
The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings is pegged at $1.68 per share, indicating an increase of 25.4% from the year-ago reported figure.
The Zacks Consensus Estimate for fiscal second-quarter 2022 sales is pegged at $664.6 million, indicating an increase of 20.6% from the year-ago reported figure.
What the Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for NFG this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here as you will see below.
National Fuel Gas Company Price and EPS Surprise
National Fuel Gas Company price-eps-surprise | National Fuel Gas Company Quote
Earnings ESP: National Fuel Gas has an Earnings ESP of -0.49%.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, National Fuel Gas sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same sector who have the right combination of elements to beat earnings in the upcoming releases.
NewJersey Resources NJR is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. NewJersey Resources has an Earnings ESP of +2.36% and carries a Zacks Rank #2 at present. NJR’s long-term earnings growth is projected at 6%.
MGE Energy MGEE is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. MGE Energy has an Earnings ESP of +3.63% and carries a Zacks Rank #2 at present. MGEE’s long-term earnings growth is projected at 6.1%.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.42% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dominion Energy Inc. (D): Free Stock Analysis Report
National Fuel Gas Company (NFG): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
NewJersey Resources Corporation (NJR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Note An improvement in commodity prices and the higher production from acquired assets in the Appalachian region are likely to have boosted the performance in the second quarter of fiscal 2022. Expectation The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings is pegged at $1.68 per share, indicating an increase of 25.4% from the year-ago reported figure. The Zacks Consensus Estimate for fiscal second-quarter 2022 sales is pegged at $664.6 million, indicating an increase of 20.6% from the year-ago reported figure.
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National Fuel Gas Company NFG is scheduled to release second-quarter fiscal 2022 earnings on May 6 before market open. National Fuel Gas Company Price and EPS Surprise National Fuel Gas Company price-eps-surprise | National Fuel Gas Company Quote Earnings ESP: National Fuel Gas has an Earnings ESP of -0.49%.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. National Fuel Gas witnessed an earnings surprise of 9.6% in the last reported quarter.
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Expectation The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings is pegged at $1.68 per share, indicating an increase of 25.4% from the year-ago reported figure. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. National Fuel Gas Company Price and EPS Surprise National Fuel Gas Company price-eps-surprise | National Fuel Gas Company Quote Earnings ESP: National Fuel Gas has an Earnings ESP of -0.49%.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
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National Fuel Gas Company NFG is scheduled to release second-quarter fiscal 2022 earnings on May 6 before market open. National Fuel Gas’ second-quarter fiscal 2022 results are likely to be impacted by higher operating and maintenance expenses. You can see the complete list of today’s Zacks #1 Rank stocks here.
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698731.0
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2022-05-04 00:00:00 UTC
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AES Corporation (AES) to Post Q1 Earnings: What's in Store?
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The AES Corporation AES is slated to report first-quarter 2022 results on May 6 before the opening bell.
In the last reported quarter, the company delivered an earnings surprise of 4.55%. AES Corporation has a trailing four-quarter earnings surprise of 4.00%, on average.
Factors to Note
The solid contracts that AES signed for 5.5 gigawatts of new renewable projects in 2021 might have favorably contributed to the company’s revenues in the quarter to be reported. Moreover, the new businesses at AES Clean Energy, which came online in 2021, and Southland units are likely to add impetus to its first-quarter revenues.
Also, the growing rate base at U.S. utilities might have favorably contributed to the company’s revenues in the first quarter. Furthermore, Fluence, an AES joint venture with Siemens, is anticipated to have boosted AES Corp’s top line in the first quarter with its strong backlog of energy storage projects.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $2.64 billion, suggesting an increase of 0.2% from the year-ago quarter’s reported figure.
The higher adjusted tax rate and the assumed dilution from planned asset sales are expected to have dampened the bottom line of the company in the first quarter.
However, in January 2022, AES Corp acquired the publicly traded shares of AES Andes, bringing its ownership from 67% to 99%. This is likely to have been accretive to AES’ earnings and must have favored its performance in the quarter to be reported, thus partially mitigating the negative impact on earnings to some extent.
The Zacks Consensus Estimate for first-quarter earningsis pegged at 23 cents per share, indicating a decline of 17.9% from the prior-year reported figure.
The AES Corporation Price and EPS Surprise
The AES Corporation price-eps-surprise | The AES Corporation Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for AES Corporation this time. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
The company has an Earnings ESP of 0.00% and carries a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are three Utilitiesyet to release their first-quarter results and you may want to consider them as these have the right combination of elements to post an earnings beat this season:
Brookfield Renewable Partners LP BEPPartners LP has an Earnings ESP of +54.55% and a Zacks Rank of #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Brookfield Renewable Partners’ first-quarter revenues and earnings is pegged at $668.9 million . BEP has a four-quarter negative average earnings surprise of 319.58%.
Dominion EnergyD has an Earnings ESP of +0.42% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.19 per share, respectively. D has a four-quarter average earnings surprise of 1.09%.
MGE EnergyMGEE has an Earnings ESP of +3.63% and a Zacks Rank #2. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for MGE Energy’s first-quarter revenues and earnings is pegged at $176.3 million and 97 cents per share, respectively. MGEE has a four-quarter average earnings surprise of 1.70%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dominion Energy Inc. (D): Free Stock Analysis Report
The AES Corporation (AES): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
Brookfield Renewable Partners L.P. (BEP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Note The solid contracts that AES signed for 5.5 gigawatts of new renewable projects in 2021 might have favorably contributed to the company’s revenues in the quarter to be reported. The Zacks Consensus Estimate for first-quarter revenues is pegged at $2.64 billion, suggesting an increase of 0.2% from the year-ago quarter’s reported figure. The higher adjusted tax rate and the assumed dilution from planned asset sales are expected to have dampened the bottom line of the company in the first quarter.
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The Zacks Consensus Estimate for Brookfield Renewable Partners’ first-quarter revenues and earnings is pegged at $668.9 million . The Zacks Consensus Estimate for MGE Energy’s first-quarter revenues and earnings is pegged at $176.3 million and 97 cents per share, respectively. Brookfield Renewable Partners L.P. (BEP): Free Stock Analysis Report
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This is likely to have been accretive to AES’ earnings and must have favored its performance in the quarter to be reported, thus partially mitigating the negative impact on earnings to some extent. The AES Corporation Price and EPS Surprise The AES Corporation price-eps-surprise | The AES Corporation Quote What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for AES Corporation this time. Stocks to Consider Here are three Utilitiesyet to release their first-quarter results and you may want to consider them as these have the right combination of elements to post an earnings beat this season: Brookfield Renewable Partners LP BEPPartners LP has an Earnings ESP of +54.55% and a Zacks Rank of #3.
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In the last reported quarter, the company delivered an earnings surprise of 4.55%. Also, the growing rate base at U.S. utilities might have favorably contributed to the company’s revenues in the first quarter. The AES Corporation AES is slated to report first-quarter 2022 results on May 6 before the opening bell.
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698732.0
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2022-05-04 00:00:00 UTC
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Utility Stocks' Q1 Earnings Due on May 5: D, EVRG, PPL & More
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The Zacks Utilities sector is benefiting from demand recovery in the commercial and industrial group of customers post-pandemic. Improvement in economic conditions after the pandemic has generated fresh demand for utility services.
Domestic-focused companies operating in the sector have benefited from various favorable factors. These are new electric rates, customer additions, cost management, implementation of energy-efficiency programs, ongoing investments to improve the resilience of the electric infrastructure against extreme weather conditions and transition toward cost-effective alternate sources of fuel to produce electricity.
Yet, the performance of capital-intensive utilities is likely to have been adversely impacted by an increase in interest rates from the near-zero levels. An increase in borrowing costs and the resultant rise in interest expenses is likely to have adversely impacted the earnings of companies operating in the space.
Utility companies focus on producing more electricity from clean sources and gradually shutting down coal-based production units. Courtesy of government incentives and a decline in expenses of utility-scale renewable power projects, quite a few companies have announced plans to achieve zero emissions by 2050.
In the reported quarter, the utilities are expected to have benefited from higher demand. Cold winter months and above-average temperature in the month of March are expected to have boosted demand for electricity.
Per the current Earnings Trends report, utility is among the 9 Zacks sectors that are expected to earn more in the first quarter than the year-ago period. Below we take a look at utility companies Dominion Energy Inc. D, Evergy Inc. EVRG, PPL Corporation PPL, Consolidated Edison, Inc. ED, and Sempra Energy SRE to see how they are placed ahead of their earnings releases.
According to the Zacks model, a company needs the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to increase the odds of an earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dominion Energy’s first-quarter earnings are likely to have benefited from regulated investment, and improving sales from commercial and industrial customer groups. (Read More: Dominion Energy to Report Q1 Earnings: What to Expect)
Our proven model predicts an earnings beat for Dominion Energy this time around. D has an Earnings ESP of +0.42% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dominion Energy Inc. Price and EPS Surprise
Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote
Evergy Inc.’s first-quarter earnings are likely to have gained from higher transmission revenues due to consistent investments to strengthen the transmission infrastructure. Return to normal weather conditions and high D&A might adversely impact first-quarter earnings. ( Read More: Evergy to Report Q1 Earnings: What's in the Offing?)
Our proven model does not conclusively predict an earnings beat for Evergy this time around. EVRG has an Earnings ESP of 0.00% and a Zacks Rank of 3.
Evergy Inc. Price and EPS Surprise
Evergy Inc. price-eps-surprise | Evergy Inc. Quote
PPL Corporation’s first-quarter earnings are likely to have benefited from ongoing economic development in PPL Corporation’s service territories and a reduction in the long-term debt balance are likely to have reduced capital servicing costs and boosted margins in the first quarter. (Read more: PPL Readies to Report Q1 Earnings: What's in the Offing?)
Our proven model does not conclusively predict an earnings beat for PPL Corporation this time around. PPL has an Earnings ESP of 0.00% and a Zacks Rank of 3.
PPL Corporation Price and EPS Surprise
PPL Corporation price-eps-surprise | PPL Corporation Quote
Consolidated Edison Inc.’s first-quarter earnings are likely to have benefited from positive outcomes from timely rate revisions. The overall impact of temperature on Consolidated Edison’s first-quarter revenues is expected to have been neutral. (Read moe: What's in Store for Consolidated Edison in Q1 Earnings?)
Our proven model does not conclusively predict an earnings beat for Consolidated Edison this time around. ED has an Earnings ESP of -0.33% and a Zacks Rank of 2 (Buy).
Consolidated Edison Inc Price and EPS Surprise
Consolidated Edison Inc price-eps-surprise | Consolidated Edison Inc Quote
Sempra Energy’s first-quarter 2022 earnings are likely to have benefited from favorable rate revision. Positive returns from invested capital in infrastructure and customer growth are likely to have boosted first-quarter earnings, while weather might have an adverse impact on first-quarter earnings. (Read more: Sempra Energy to Post Q1 Earnings: What's in the Cards?)
Our proven model does not conclusively predict an earnings beat for Sempra Energy this time around. SRE has an Earnings ESP of -0.45% and a Zacks Rank of 3.
Sempra Energy Price and EPS Surprise
Sempra Energy price-eps-surprise | Sempra Energy Quote
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PPL Corporation (PPL): Free Stock Analysis Report
Sempra Energy (SRE): Free Stock Analysis Report
Consolidated Edison Inc (ED): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Evergy Inc. (EVRG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Utilities sector is benefiting from demand recovery in the commercial and industrial group of customers post-pandemic. An increase in borrowing costs and the resultant rise in interest expenses is likely to have adversely impacted the earnings of companies operating in the space. Dominion Energy’s first-quarter earnings are likely to have benefited from regulated investment, and improving sales from commercial and industrial customer groups.
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Below we take a look at utility companies Dominion Energy Inc. D, Evergy Inc. EVRG, PPL Corporation PPL, Consolidated Edison, Inc. ED, and Sempra Energy SRE to see how they are placed ahead of their earnings releases. Dominion Energy Inc. Price and EPS Surprise Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote Evergy Inc.’s first-quarter earnings are likely to have gained from higher transmission revenues due to consistent investments to strengthen the transmission infrastructure. PPL Corporation Price and EPS Surprise PPL Corporation price-eps-surprise | PPL Corporation Quote Consolidated Edison Inc.’s first-quarter earnings are likely to have benefited from positive outcomes from timely rate revisions.
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Below we take a look at utility companies Dominion Energy Inc. D, Evergy Inc. EVRG, PPL Corporation PPL, Consolidated Edison, Inc. ED, and Sempra Energy SRE to see how they are placed ahead of their earnings releases. PPL Corporation Price and EPS Surprise PPL Corporation price-eps-surprise | PPL Corporation Quote Consolidated Edison Inc.’s first-quarter earnings are likely to have benefited from positive outcomes from timely rate revisions. Sempra Energy Price and EPS Surprise Sempra Energy price-eps-surprise | Sempra Energy Quote Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Below we take a look at utility companies Dominion Energy Inc. D, Evergy Inc. EVRG, PPL Corporation PPL, Consolidated Edison, Inc. ED, and Sempra Energy SRE to see how they are placed ahead of their earnings releases. (Read More: Dominion Energy to Report Q1 Earnings: What to Expect) Dominion Energy Inc. (D): Free Stock Analysis Report
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698733.0
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2022-05-03 00:00:00 UTC
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Sempra Energy (SRE) to Post Q1 Earnings: What's in the Cards?
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Sempra Energy SRE is slated to report first-quarter 2022 results on May 5 before the opening bell.
In the last reported quarter, the company reported an earnings surprise of 6.93%. Sempra has a trailing four-quarter earnings surprise of 3.99%, on average.
Factors to Note
In the January-March 2022 quarter, the majority of the company’s service territories experienced warmer-than-normal temperatures accompanied by dry weather conditions. Such a temperature pattern might have had an adverse impact on the company’s revenues in the soon-to-be-reported quarter.
Sempra Energy Price and EPS Surprise
Sempra Energy price-eps-surprise | Sempra Energy Quote
Nevertheless, favorable rate updates from the recent past must have boosted the overall top- line performance of Sempra Energy in the first quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.42 billion, suggesting growth of 4.9% from the year-ago quarter’s reported figure.
Positive returns from invested capital in infrastructure and customer growth are likely to have boosted Sempra’s Q1 bottom line. However, wildfire mitigation costs might have had some adverse impact on the overall earnings performance during the first quarter, with the company’s service areas being prone to wildfire activities.
The Zacks Consensus Estimate for first-quarter earnings is pegged at $2.79 per share, indicating a decline of 5.4% from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Sempra this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, this is not the case here.
Earnings ESP: SRE’s Earnings ESP is -0.45%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Sempra currently carries a Zacks Rank #3.
Stocks to Consider
Here are three Utilities players you may want to consider, as these have the right combination of elements to post an earnings beat this season:
BCE BCE has an Earnings ESP of +3.14% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 4.5%.
The Zacks Consensus Estimate for BCE’s first-quarter revenues and earnings is pegged at $4.60 billion and 64 cents per share, respectively. BCE has a four-quarter average earnings surprise of 5.94%.
Telephone and Data Systems TDS has an Earnings ESP of +34.62% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Telephone and Data Systems’ first-quarter revenues and earnings is pegged at $1.34 billion and 26 cents, respectively. TDS has a four-quarter average earnings surprise of 42.61%.
Dominion Energy D has an Earnings ESP of +0.42% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.19, respectively. D has a four-quarter average earnings surprise of 1.09%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sempra Energy (SRE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
BCE, Inc. (BCE): Free Stock Analysis Report
Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Note In the January-March 2022 quarter, the majority of the company’s service territories experienced warmer-than-normal temperatures accompanied by dry weather conditions. The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.42 billion, suggesting growth of 4.9% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter earnings is pegged at $2.79 per share, indicating a decline of 5.4% from the prior-year reported figure.
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The Zacks Consensus Estimate for Telephone and Data Systems’ first-quarter revenues and earnings is pegged at $1.34 billion and 26 cents, respectively. Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report Sempra Energy SRE is slated to report first-quarter 2022 results on May 5 before the opening bell.
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Sempra Energy Price and EPS Surprise Sempra Energy price-eps-surprise | Sempra Energy Quote Nevertheless, favorable rate updates from the recent past must have boosted the overall top- line performance of Sempra Energy in the first quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.19, respectively.
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In the last reported quarter, the company reported an earnings surprise of 6.93%. The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.42 billion, suggesting growth of 4.9% from the year-ago quarter’s reported figure. Sempra Energy SRE is slated to report first-quarter 2022 results on May 5 before the opening bell.
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698734.0
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2022-05-03 00:00:00 UTC
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Ameren (AEE) to Report Q1 Earnings: What's in the Offing?
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https://www.nasdaq.com/articles/ameren-aee-to-report-q1-earnings%3A-whats-in-the-offing
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Ameren Corporation AEE is slated to report first-quarter 2022 results on May 5, after the closing bell.
In the last-reported quarter, the company delivered a negative earnings surprise of 4.00%. Ameren has a trailing four-quarter earnings surprise of 3.90%, on average.
Factors to Note
Ameren’s operational regions witnessed above-normal snowfall for the majority of the portion of the first quarter. Such weather conditions must have boosted electricity demand for heating among the company’s customers, thereby contributing significantly to its revenues in the to-be-reported quarter.
Ameren Corporation Price and EPS Surprise
Ameren Corporation price-eps-surprise | Ameren Corporation Quote
Moreover, the company witnessed several constructive regulatory and legislative outcomes in 2021, which in turn are likely to have boosted its quarterly top-line performance.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $1.62 billion, suggesting growth of 3.4% from the year-ago quarter.
Higher electric retail sales buoyed by the steady recovery of the economy from the impacts of COVID-19 in recent times must have boosted the company’s earnings in the soon-to-be-reported quarter. Also, favorable returns from the company’s increased infrastructure investments across all its business segments must have bolstered its earnings.
However, Ameren’s service territory suffered from a significant winter storm as well as river flooding during the first quarter, which in turn might have caused outage for the company’s customers, apart from damaging the utility’s infrastructure. This in turn might have pushed up operating expenses for the company, in turn affecting AEE’s Q1 bottom-line performance to some extent.
The Zacks Consensus Estimate for first-quarter earnings is pegged at 96 cents per share, indicating growth of 5.5% from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Ameren this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, this is not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Ameren currently carries a Zacks Rank #2.
Stocks to Consider
Here are three Utilities players you may want to consider, as these have the right combination of elements to post an earnings beat this season:
BCE BCE has an Earnings ESP of +3.14% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 4.5%.
The Zacks Consensus Estimate for BCE’s first-quarter revenues and earnings is pegged at $4.60 billion and 64 per cents share, respectively. BCE has a four-quarter average earnings surprise of 5.94%.
Telephone and Data Systems TDS has an Earnings ESP of +34.62% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Telephone and Data Systems’ first-quarter revenues and earnings is pegged at $1.34 billion and 26 cents, respectively. TDS has a four-quarter average earnings surprise of 42.61%.
Dominion Energy D has an Earnings ESP of +0.42% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.19, respectively. D has a four-quarter average earnings surprise of 1.09%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ameren Corporation (AEE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
BCE, Inc. (BCE): Free Stock Analysis Report
Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Such weather conditions must have boosted electricity demand for heating among the company’s customers, thereby contributing significantly to its revenues in the to-be-reported quarter. Higher electric retail sales buoyed by the steady recovery of the economy from the impacts of COVID-19 in recent times must have boosted the company’s earnings in the soon-to-be-reported quarter. However, Ameren’s service territory suffered from a significant winter storm as well as river flooding during the first quarter, which in turn might have caused outage for the company’s customers, apart from damaging the utility’s infrastructure.
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The Zacks Consensus Estimate for Telephone and Data Systems’ first-quarter revenues and earnings is pegged at $1.34 billion and 26 cents, respectively. Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report Ameren Corporation AEE is slated to report first-quarter 2022 results on May 5, after the closing bell.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. The Zacks Consensus Estimate for BCE’s first-quarter revenues and earnings is pegged at $4.60 billion and 64 per cents share, respectively. Ameren Corporation AEE is slated to report first-quarter 2022 results on May 5, after the closing bell.
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Ameren Corporation Price and EPS Surprise Ameren Corporation price-eps-surprise | Ameren Corporation Quote Moreover, the company witnessed several constructive regulatory and legislative outcomes in 2021, which in turn are likely to have boosted its quarterly top-line performance. BCE BCE has an Earnings ESP of +3.14% and a Zacks Rank #3. Ameren Corporation AEE is slated to report first-quarter 2022 results on May 5, after the closing bell.
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698735.0
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2022-05-02 00:00:00 UTC
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Eversource (ES) to Report Q1 Earnings: What's in the Offing?
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https://www.nasdaq.com/articles/eversource-es-to-report-q1-earnings%3A-whats-in-the-offing
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Eversource Energy ES is scheduled to release first-quarter 2022 earnings on May 4. Eversource Energy delivered a negative earnings surprise of 2.15% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
Eversource Energy’s first-quarter earnings are expected to have benefited from its transmission capital investment, reliability investment and capital recovery programs. First-quarter earnings are likely to have gained from contribution from its regulated businesses.
Expectation
The Zacks Consensus Estimate earnings for first quarter is pegged at $1.23 per share, indicating a nearly 7% rise from the year-ago reported figure.
What the Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Eversource this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here as you will see below.
Eversource Energy Price and EPS Surprise
Eversource Energy price-eps-surprise | Eversource Energy Quote
Earnings ESP: Eversource has an Earnings ESP of +0.41%. You can uncover the best stocks to buy or sell, before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, ES carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to beat earnings in the upcoming releases.
MGE Energy MGEE is likely to come up with an earnings beat when it reports first-quarter results on May 5, before market open. MGE Energy has an Earnings ESP of +3.63% and carries a Zacks Rank #2 at present. MGEE’s long-term earnings growth is projected at 6.1%.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5, before market open. Dominion Energy has an Earnings ESP of +0.42% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.
BCE Inc. BCE is likely to come up with an earnings beat when it reports first-quarter results on May 5, before market open. BCE has an Earnings ESP of +3.14% and carries a Zacks Rank #3 at present. BCE’s long-term earnings growth is projected at 4.5%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dominion Energy Inc. (D): Free Stock Analysis Report
BCE, Inc. (BCE): Free Stock Analysis Report
Eversource Energy (ES): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Expectation The Zacks Consensus Estimate earnings for first quarter is pegged at $1.23 per share, indicating a nearly 7% rise from the year-ago reported figure. Stocks to Consider Investors can consider the following players from the same sector that have the right combination of elements to beat earnings in the upcoming releases. Eversource Energy ES is scheduled to release first-quarter 2022 earnings on May 4.
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Eversource Energy ES is scheduled to release first-quarter 2022 earnings on May 4. Eversource Energy delivered a negative earnings surprise of 2.15% in the last reported quarter. Let’s see how things have shaped up before the upcoming earnings announcement.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Dominion Energy has an Earnings ESP of +0.42% and carries a Zacks Rank #3 at present. Eversource Energy ES is scheduled to release first-quarter 2022 earnings on May 4.
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Eversource Energy ES is scheduled to release first-quarter 2022 earnings on May 4. BCE has an Earnings ESP of +3.14% and carries a Zacks Rank #3 at present. Eversource Energy delivered a negative earnings surprise of 2.15% in the last reported quarter.
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698736.0
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2022-05-02 00:00:00 UTC
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PPL Readies to Report Q1 Earnings: What's in the Offing?
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https://www.nasdaq.com/articles/ppl-readies-to-report-q1-earnings%3A-whats-in-the-offing
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PPL Corporation PPL is set to release first-quarter 2022 results on May 5 before market open. It witnessed a negative earnings surprise of 26.7% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
The ongoing economic development in PPL Corporation’s service territories and a reduction in the long-term debt balance are likely to have reduced capital servicing costs and boosted margins in the first quarter. The $1 billion repurchase completed in 2021 by PPL is likely to have a positive impact on its earnings.
PPL Corporation’s first-quarter results are likely to reflect the new rates implemented in its service territories.
First-quarter results are likely to be adversely impacted by the lower peak transmission demand in Pennsylvania and higher operation and maintenance expenses.
Expectation
The Zacks Consensus Estimate for first-quarter earnings is pegged at 40 cents per share, indicating a rise of 42.9% from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $1.6 billion, indicating a rise of 6.7% from the year-ago quarter’s reported figure.
What the Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for PPL Corporation this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here as you will see below.
PPL Corporation Price and EPS Surprise
PPL Corporation price-eps-surprise | PPL Corporation Quote
Earnings ESP: PPL has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, PPL Corporation carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to beat earnings in this reporting cycle.
MGE Energy MGEE is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. MGE Energy has an Earnings ESP of +3.63% and carries a Zacks Rank #2 at present. MGEE’s long-term earnings growth is projected at 6.1%.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.42% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.
BCE Inc. BCE is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. BCE has an Earnings ESP of +3.14% and carries a Zacks Rank #3 at present. BCE’s long-term earnings growth is projected at 4.5%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PPL Corporation (PPL): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
BCE, Inc. (BCE): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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First-quarter results are likely to be adversely impacted by the lower peak transmission demand in Pennsylvania and higher operation and maintenance expenses. Expectation The Zacks Consensus Estimate for first-quarter earnings is pegged at 40 cents per share, indicating a rise of 42.9% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter revenues is pegged at $1.6 billion, indicating a rise of 6.7% from the year-ago quarter’s reported figure.
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PPL Corporation Price and EPS Surprise PPL Corporation price-eps-surprise | PPL Corporation Quote Earnings ESP: PPL has an Earnings ESP of 0.00%. It witnessed a negative earnings surprise of 26.7% in the last reported quarter. Let’s see how things have shaped up before the upcoming earnings announcement.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. PPL Corporation Price and EPS Surprise PPL Corporation price-eps-surprise | PPL Corporation Quote Earnings ESP: PPL has an Earnings ESP of 0.00%. It witnessed a negative earnings surprise of 26.7% in the last reported quarter.
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The $1 billion repurchase completed in 2021 by PPL is likely to have a positive impact on its earnings. PPL Corporation Price and EPS Surprise PPL Corporation price-eps-surprise | PPL Corporation Quote Earnings ESP: PPL has an Earnings ESP of 0.00%. It witnessed a negative earnings surprise of 26.7% in the last reported quarter.
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698737.0
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2022-05-02 00:00:00 UTC
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MDU Resources (MDU) to Post Q1 Earnings: What to Expect?
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https://www.nasdaq.com/articles/mdu-resources-mdu-to-post-q1-earnings%3A-what-to-expect
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MDU Resources Group MDU is slated to release first-quarter 2022 results on May 5 before market open. MDU Resources delivered a negative earnings surprise of 23.6% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
MDU Resources’ first-quarter earnings are likely to have benefited from strong demand from the public and private sectors and the increasing electric and natural gas customer volumes. The North Bakken Expansion Project operational from the first quarter is expected to have been accretive to earnings.
MDU Resources’ first-quarter results are likely to be adversely impacted by an increase in operating and maintenance expenses.
Expectations
The Zacks Consensus Estimate for first-quarter earnings is pegged at 17 cents per share, indicating a decline of 34.6% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for MDU this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
MDU Resources Group, Inc. Price and EPS Surprise
MDU Resources Group, Inc. price-eps-surprise | MDU Resources Group, Inc. Quote
Earnings ESP: MDU Resources has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, MDU Resources carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same sector who have the right combination of elements to beat earnings in this reporting cycle.
MGE Energy MGEE is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. MGE Energy has an Earnings ESP of +3.63% and carries a Zacks Rank #2 at present. MGEE’s long-term earnings growth is projected at 6.1%.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.42% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.
BCE Inc. BCE is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. BCE has an Earnings ESP of +3.14% and carries a Zacks Rank #3 at present. BCE’s long-term earnings growth is projected at 4.5%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dominion Energy Inc. (D): Free Stock Analysis Report
BCE, Inc. (BCE): Free Stock Analysis Report
MDU Resources Group, Inc. (MDU): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Consider MDU Resources’ first-quarter earnings are likely to have benefited from strong demand from the public and private sectors and the increasing electric and natural gas customer volumes. Expectations The Zacks Consensus Estimate for first-quarter earnings is pegged at 17 cents per share, indicating a decline of 34.6% from the year-ago reported figure. Stocks to Consider Investors can consider the following players from the same sector who have the right combination of elements to beat earnings in this reporting cycle.
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MDU Resources Group, Inc. Price and EPS Surprise MDU Resources Group, Inc. price-eps-surprise | MDU Resources Group, Inc. Quote Earnings ESP: MDU Resources has an Earnings ESP of 0.00%. MDU Resources Group, Inc. (MDU): Free Stock Analysis Report MDU Resources Group MDU is slated to release first-quarter 2022 results on May 5 before market open.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below. MDU Resources Group, Inc. Price and EPS Surprise MDU Resources Group, Inc. price-eps-surprise | MDU Resources Group, Inc. Quote Earnings ESP: MDU Resources has an Earnings ESP of 0.00%. MDU Resources Group MDU is slated to release first-quarter 2022 results on May 5 before market open.
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Zacks Rank: Currently, MDU Resources carries a Zacks Rank #4 (Sell). BCE has an Earnings ESP of +3.14% and carries a Zacks Rank #3 at present. MDU Resources Group, Inc. (MDU): Free Stock Analysis Report
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698738.0
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2022-05-02 00:00:00 UTC
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What's in Store for Consolidated Edison (ED) in Q1 Earnings?
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https://www.nasdaq.com/articles/whats-in-store-for-consolidated-edison-ed-in-q1-earnings
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Consolidated Edison Inc. ED is scheduled to release first-quarter 2022 results on May 5 after market close.
In the last reported quarter, the company delivered an earnings surprise of 17.65%. Consolidated Edison came up with a four-quarter average negative earnings surprise of 1.38%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
During most of the first quarter, ED’s service territories witnessed mixed weather patterns. While some parts witnessed colder-than-normal temperatures with moderate-to-heavy snowfall, some other parts observed average temperature.
So, the overall impact of temperature on Consolidated Edison’s first-quarter revenues is expected to have been neutral.
Consolidated Edison Inc Price and EPS Surprise
Consolidated Edison Inc price-eps-surprise | Consolidated Edison Inc Quote
Also, positive outcomes from timely rate revisions are likely to have aided Consolidated Edison’s overall performance in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.76 billion, indicating a 2.2% rise from the year-ago quarter’s reported figure.
Restoration costs related to ice storms in ED’s service territories, which might have damaged some of this utility’s properties and caused power outages for a few of its customers, might have hurt its quarterly earnings.
On a brighter note, positive returns from the company’s Clean Energy businesses as well as other investments must have boosted the overall bottom line.
The Zacks Consensus Estimate for ED’s first-quarter earnings is pegged at $1.51 per share, suggesting a 5.6% increase from the year-ago quarter’s reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Consolidated Edison this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here as you will see. However this is not the case here.
The company has an Earnings ESP of -0.33% and carries a Zacks Rank #2. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Stocks to Consider
Here are three Utilities players you may want to consider, as these have the right combination of elements to post an earnings beat this season:
Avangrid AGR has an Earnings ESP of +10.15% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6%.
The Zacks Consensus Estimate for Avangrid’s first-quarter revenues and earnings is pegged at $1.60 billion and 35 per cents share, respectively. AGR has a four-quarter average earnings surprise of 3.56%.
Telephone and Data Systems TDS has an Earnings ESP of +34.62% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Telephone and Data Systems’ first-quarter revenues and earnings is pegged at $1.34 billion and 26 cents, respectively. TDS has a four-quarter average earnings surprise of 42.61%.
Dominion Energy D has an Earnings ESP of +0.42% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.19, respectively. D has a four-quarter average earnings surprise of 1.09%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Consolidated Edison Inc (ED): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report
Avangrid, Inc. (AGR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.76 billion, indicating a 2.2% rise from the year-ago quarter’s reported figure. Restoration costs related to ice storms in ED’s service territories, which might have damaged some of this utility’s properties and caused power outages for a few of its customers, might have hurt its quarterly earnings. The Zacks Consensus Estimate for ED’s first-quarter earnings is pegged at $1.51 per share, suggesting a 5.6% increase from the year-ago quarter’s reported figure.
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The Zacks Consensus Estimate for ED’s first-quarter earnings is pegged at $1.51 per share, suggesting a 5.6% increase from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for Telephone and Data Systems’ first-quarter revenues and earnings is pegged at $1.34 billion and 26 cents, respectively. Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report
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Consolidated Edison Inc Price and EPS Surprise Consolidated Edison Inc price-eps-surprise | Consolidated Edison Inc Quote Also, positive outcomes from timely rate revisions are likely to have aided Consolidated Edison’s overall performance in the soon-to-be-reported quarter. The Zacks Consensus Estimate for ED’s first-quarter earnings is pegged at $1.51 per share, suggesting a 5.6% increase from the year-ago quarter’s reported figure. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here as you will see.
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Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here as you will see. Consolidated Edison Inc (ED): Free Stock Analysis Report
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698739.0
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2022-04-30 00:00:00 UTC
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3 Energy Stocks to Add to Your May 2022 Buy List
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Energy stocks are a great investment to protect your portfolio against rising inflation and equity market dips.
Enbridge (ENB): The solid fundamentals and the strong cash flow stream provide support for this leading North American energy stock.
Dominion Energy (D): This utility stock has high profit margins and robust growth.
Duke Energy (DUK): After improving renewable energy generation last year, Duke Energy is set for additional gains.
Source: PopTika / Shutterstock
Energy stocks rallied in 2022, driven by a flight to quality assets. The shift to value stocks unfolds when investors are concerned about protecting the value of their assets rather than making money. Historically, energy stocks have been a great hedge against market downturns and ramping inflation due to the crucial need for energy to power an expanding global economy and to the inherent capital-intensive condition of the energy sector.
Click to Enlarge
Source: Charts by TradingView
Over the year, energy stocks outpaced U.S. equity markets and there seems to be additional upside ahead, with geopolitical tensions linked to the war in Ukraine unlikely to ease in the short-term. The Energy Select Sector SPDR Fund (NYSEARCA:XLE), one of the largest funds tracking the performance of energy stocks, surged 39.4% year-to-date to $77.41 per share, whereas the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 10.6% to $424.56 per share.
7 A-Rated Dividend Stocks to Buy Forever
With that in mind, let’s dig into three energy stocks to add to your May 2022 buy list that will protect your portfolio against rising inflation and equity market dips.
ENB Enbridge Inc. $44.45
D Dominion Energy $100.97
DUK Duke Energy Corporation $112.60
Best Energy Stocks: Enbridge (ENB)
Source: JHVEPhoto / Shutterstock.com
Enbridge (NYSE:ENB) is engaged in oil and gas transmission, distribution, and storage in North America. It is also actively developing a growing number of renewable projects in both Europe and North America. Since the beginning of the year, ENB stock gained 13.45% to $44.33 per share, outperforming energy stocks and the SPY benchmark.
Enbridge is investing to expand its renewable energy portfolio and plans to become one of the leading energy delivery companies in North America. ENB stock has solid fundamentals and a strong cash flow stream. Last year, net sales jumped 20.4% to 47 million CAD. Meanwhile, net profit surged 62.5% over the period to 5.8 billion CAD, offering a profit margin of 12.4%. In 2022, revenue is expected to advance slower, up 6.4% to 50 billion CAD, whereas net income is forecasted to increase 2.3% to 5.9 billion CAD, delivering a healthy net margin of 11.9%.
On the negative side, ENB stock is overleveraged. Net debt reached 75.3 billion CAD at the end of 2021, representing a leverage ratio of 5.38x. Yet, Enbridge is expected to increase free cash flow generation this year massively, up 487% to 8.45 billion CAD, contributing to sustaining ENB’s bullish stock pattern.
Tight supply in the oil and natural gas markets will continue to support ENB stock. Investors looking to mitigate inflation risks should consider this energy stock that is trading at relatively cheap valuation metrics compared to its profitability. Indeed, ENB exchanges at 12.5x forward enterprise-value-to-EBITDA (EV/EBITDA), 19.1x 2022e price-to-earnings (P/E) and offers a high estimated dividend yield of 6.09% per year, an attractive figure for passive income investors.
Dominion Energy (D)
Source: Felix Mizioznikov / Shutterstock
Dominion Energy (NYSE:D) engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. The utility stock gained 5.3% year-to-date to $82.72 per share, slightly outperforming its sector measured by the Utilities Select Sector SPDR Fund (NYSEARCA:XLU), advancing around 1% in the period.
After a flattish year in 2021, D stock is poised for sturdy growth in 2022. Net sales are expected to advance 15.6% year-on-year to $16.13 billion, whereas net income should advance slower, up 1.1% to $3.3 billion. While profit margins are expected to decline 290 basis points, the utility is forecasted to deliver a strong profitability level of 20.6% this year.
The company had a net debt of $38.9 billion at the end of 2021, representing an elevated leverage ratio of 5.64x. Yet, the company is expected to significantly lift capital expenditures this year, up 44.4% year-on-year to $8.6 billion.
7 Biggest Loser Stocks That Could Become Surprising Buys
Dominion Energy is set for additional upside, according to analysts. The average target price stands at $91.50 per share, representing an upside of 10.56% from today’s prices. Besides, the valuation of the company is relatively low given its high-profit margins, exchanging at 13.4x 2022e EV/EBITDA and 20.4x forward P/E. The utility also offers an attractive expected yield of 3.18% per year.
Best Energy Stocks: Duke Energy (DUK)
Source: Jonathan Weiss / Shutterstock.com
Duke Energy (NYSE:DUK) is one of the largest American energetic holding groups, with over 8.2 million customers in the U.S. DUK stock advanced 6.58% since the beginning of the year to $111.82 per share. The company recently announced a 20% jump in wind and solar power generation in 2021 to 1,800 MW, one of the best years ever for adding renewable energy.
DUK’s top line is projected to advance at a moderate pace this year, up 5.3% to $26.3 billion. Yet, after the rapid clean energy transition in 2021, which boosted net sales 199.4% to $3.8 billion in 2021, net income is expected to advance another 10.5% to $4.2 billion this year, delivering a comfortable profit margin of 15.9%.
Duke Energy is slightly more indebted than its energy peers. With net debt of $66.7 billion at the end of 2021, DUK offers a leverage ratio of 6.26x.
Despite that, DUK is estimated to provide a yield of 3.53% in 2022 and the company has a low valuation metrics, trading at 13.1x forward EV/EBITDA and 20.9x P/E. Besides, the company is set to outperform the broader equity market, as the utility sector has a low beta, which is constructive in these challenging equity markets.
On the date of publication, Cristian Docan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 3 Energy Stocks to Add to Your May 2022 Buy List appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to Enlarge Source: Charts by TradingView Over the year, energy stocks outpaced U.S. equity markets and there seems to be additional upside ahead, with geopolitical tensions linked to the war in Ukraine unlikely to ease in the short-term. Yet, Enbridge is expected to increase free cash flow generation this year massively, up 487% to 8.45 billion CAD, contributing to sustaining ENB’s bullish stock pattern. Indeed, ENB exchanges at 12.5x forward enterprise-value-to-EBITDA (EV/EBITDA), 19.1x 2022e price-to-earnings (P/E) and offers a high estimated dividend yield of 6.09% per year, an attractive figure for passive income investors.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Energy stocks are a great investment to protect your portfolio against rising inflation and equity market dips. Enbridge (ENB): The solid fundamentals and the strong cash flow stream provide support for this leading North American energy stock. ENB Enbridge Inc. $44.45 D Dominion Energy $100.97 DUK Duke Energy Corporation $112.60 Best Energy Stocks: Enbridge (ENB) Source: JHVEPhoto / Shutterstock.com Enbridge (NYSE:ENB) is engaged in oil and gas transmission, distribution, and storage in North America.
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Duke Energy (DUK): After improving renewable energy generation last year, Duke Energy is set for additional gains. ENB Enbridge Inc. $44.45 D Dominion Energy $100.97 DUK Duke Energy Corporation $112.60 Best Energy Stocks: Enbridge (ENB) Source: JHVEPhoto / Shutterstock.com Enbridge (NYSE:ENB) is engaged in oil and gas transmission, distribution, and storage in North America. Best Energy Stocks: Duke Energy (DUK) Source: Jonathan Weiss / Shutterstock.com Duke Energy (NYSE:DUK) is one of the largest American energetic holding groups, with over 8.2 million customers in the U.S. DUK stock advanced 6.58% since the beginning of the year to $111.82 per share.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Energy stocks are a great investment to protect your portfolio against rising inflation and equity market dips. Dominion Energy (D): This utility stock has high profit margins and robust growth. ENB Enbridge Inc. $44.45 D Dominion Energy $100.97 DUK Duke Energy Corporation $112.60 Best Energy Stocks: Enbridge (ENB) Source: JHVEPhoto / Shutterstock.com Enbridge (NYSE:ENB) is engaged in oil and gas transmission, distribution, and storage in North America.
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2022-04-29 00:00:00 UTC
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Dominion Energy (D) to Report Q1 Earnings: What to Expect
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Dominion Energy Inc. D is scheduled to release first-quarter 2022 earnings on May 5, before the market opens. In the last reported quarter, the utility’s earnings per share were in line with expectations.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Dominion Energy’s first-quarter earnings are likely to have benefited from regulated investment, and improving sales from commercial and industrial customer groups.
The quarterly earnings are likely to have been adversely impacted by higher operating and maintenance expenses.
Expectation
Dominion Energy expects first-quarter earnings in the range of $1.10-$1.25 per share. The Zacks Consensus Estimate for the same is pegged at $1.17 per share, indicating growth of 7.3% from the year-ago reported figure.
Quantitative Model Predicts
Our proven model predicts an earnings beat for Dominion Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below.
Dominion Energy Inc. Price and EPS Surprise
Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote
Earnings ESP: The company’s Earnings ESP is +0.86%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, it carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Investors can also consider the following players from the same sector that too have the right combination of elements to post an earnings beat for the to-be-reported quarter.
WEC Energy Group WEC is expected to beat estimates when it reports first-quarter results on May 2. WEC Energy has an Earnings ESP of +1.68% and a Zacks Rank #3.
WEC Energy’s long-term (three to five years) earnings growth is currently pegged at 6%. The Zacks Consensus Estimate for WEC’s 2022 earnings per share indicates year-over-year growth of 4.6%.
MGE Energy, Inc. MGEE is expected to beat estimates when it reports first-quarter results. MGE Energy has an Earnings ESP of +3.63% and a Zacks Rank #2.
MGE Energy’s long-term earnings growth is currently pegged at 6%. The Zacks Consensus Estimate for MGEE’s 2022 earnings per share indicates year-over-year growth of 7.2%.
Earnings Release
NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%.
NextEra Energy’s long-term earnings growth is pegged at 8.8%. The Zacks Consensus Estimate for NEE’s 2022 earnings per share of $2.81 indicates year-over-year growth of 10.2%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Note Dominion Energy’s first-quarter earnings are likely to have benefited from regulated investment, and improving sales from commercial and industrial customer groups. Other Stocks to Consider Investors can also consider the following players from the same sector that too have the right combination of elements to post an earnings beat for the to-be-reported quarter. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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WEC Energy Group WEC is expected to beat estimates when it reports first-quarter results on May 2. Earnings Release NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%. Dominion Energy Inc. D is scheduled to release first-quarter 2022 earnings on May 5, before the market opens.
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Dominion Energy Inc. Price and EPS Surprise Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote Earnings ESP: The company’s Earnings ESP is +0.86%. WEC Energy has an Earnings ESP of +1.68% and a Zacks Rank #3. Earnings Release NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%.
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In the last reported quarter, the utility’s earnings per share were in line with expectations. WEC Energy’s long-term (three to five years) earnings growth is currently pegged at 6%. The Zacks Consensus Estimate for WEC’s 2022 earnings per share indicates year-over-year growth of 4.6%.
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2022-04-29 00:00:00 UTC
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What's in Store for Edison International (EIX) in Q1 Earnings?
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Edison International EIX is scheduled to report first-quarter 2022 results on May 3 after the closing bell.
In the last reported quarter, the company delivered an earnings surprise of 10.48%. Edison International has a trailing four-quarter earnings surprise of 1.35%, on average.
Factors to Note
The majority of the company’s service territories witnessed warmer-than-normal temperatures, accompanied by dry weather conditions, during the first quarter of 2022. This is likely to have boosted electricity demand for cooling purposes among the company’s customers, which must have contributed to the to-be-reported quarter's top line.
Meanwhile, the recent increase in commercial and industry load, buoyed by the recovery in economic activities witnessed in the past few months, may also have contributed to Edison International’s first-quarter top line. Further, higher revenues from the 2021 general rate case (GRC) final decision must have bolstered the company’s revenues in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $3.12 billion, suggesting growth of 5.4% from the year-ago quarter.
Edison International Price and EPS Surprise
Edison International price-eps-surprise | Edison International Quote
California is a wildfire-prone region, wherein Edison International operates. In the first quarter, the company’s service area did experience some wildfire events. This might have caused power outages for its customers, apart from causing structural damage to its electric poles and associated infrastructure. Costs bore by the company to restore power and mend its infrastructure in such wildfire-stricken areas might have had an adverse impact on its Q1 earnings.
The Zacks Consensus Estimate for first-quarter earnings is pegged at 74 cents per share, indicating a decline of 6.3% from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for EIX this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the
best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Edison International currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Here are three Utilities players you may want to consider, as these have the right combination of elements to post an earnings beat this season:
WEC Energy Group WEC has an Earnings ESP of +1.69% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for WEC Energy’s first-quarter revenues and earnings is pegged at $2.80 billion and $1.66 per share, respectively. WEC has a four-quarter average earnings surprise of 9.07%.
Telephone and Data Systems TDS has an Earnings ESP of +34.62% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Telephone and Data Systems first-quarter revenues and earnings is pegged at $1.34 billion and 26 cents, respectively. TDS has a four-quarter average negative earnings surprise of 42.61%.
Dominion Energy D has an Earnings ESP of +0.86% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.17, respectively. D has a four-quarter average earnings surprise of 1.09%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Edison International (EIX): Free Stock Analysis Report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Note The majority of the company’s service territories witnessed warmer-than-normal temperatures, accompanied by dry weather conditions, during the first quarter of 2022. Meanwhile, the recent increase in commercial and industry load, buoyed by the recovery in economic activities witnessed in the past few months, may also have contributed to Edison International’s first-quarter top line. The Zacks Consensus Estimate for first-quarter earnings is pegged at 74 cents per share, indicating a decline of 6.3% from the prior-year reported figure.
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The Zacks Consensus Estimate for Telephone and Data Systems first-quarter revenues and earnings is pegged at $1.34 billion and 26 cents, respectively. Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report Edison International EIX is scheduled to report first-quarter 2022 results on May 3 after the closing bell.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see. The Zacks Consensus Estimate for WEC Energy’s first-quarter revenues and earnings is pegged at $2.80 billion and $1.66 per share, respectively. Edison International EIX is scheduled to report first-quarter 2022 results on May 3 after the closing bell.
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In the last reported quarter, the company delivered an earnings surprise of 10.48%. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Edison International (EIX): Free Stock Analysis Report
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2022-04-29 00:00:00 UTC
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What Awaits Public Service Enterprise (PEG) in Q1 Earnings?
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Public Service Enterprise Group Incorporated PEG, better known as PSEG, is scheduled to report first-quarter 2022 results on May 3, before the opening bell.
In the last-reported quarter, the company delivered an earnings surprise of 1.47%. PSEG has a trailing four-quarter earnings surprise of 5.32%, on average.
Factors to Note
During the January-March 2022 quarter, the company’s service territories witnessed mixed weather patterns. While at the onset of the first quarter, Public Service Enterprise’s service areas observed colder-than-normal temperature, in the mid and latter parts of the quarter, the temperature was warmer than normal.
Such a weather pattern might have had an adverse impact on the company’s top-line performance as a result of the lower usage of heaters. Usually, its service territories witness cold weather during the first quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $2.54 billion, suggesting a decline of 12.1% from the year-ago quarter.
Public Service Enterprise Group Incorporated Price and EPS Surprise
Public Service Enterprise Group Incorporated price-eps-surprise | Public Service Enterprise Group Incorporated Quote
PSEG’s service territories suffered from severe storm activities during the first quarter, which might have damaged the company’s infrastructure. Costs related to the restoration of such power outages as well as mending of its infrastructural damage might have weighed on the first-quarter bottom line.
The Zacks Consensus Estimate for first-quarter earnings is pegged at $1.07 per share, indicating a decline of 16.4% from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for PSEG this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However this is not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: PSEG currently carries a Zacks Rank #3.
Stocks to Consider
Here are three Utilities players you may want to consider, as these have the right combination of elements to post an earnings beat this time around:
WEC Energy Group WEC has an Earnings ESP of +1.69% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for WEC Energy’s first-quarter revenues and earnings is pegged at $2.80 billion and $1.66 per share, respectively. WEC has a four-quarter average earnings surprise of 9.07%.
Telephone and Data Systems TDS has an Earnings ESP of +34.62% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Telephone and Data Systems first-quarter revenues and earnings is pegged at $1.34 billion and 26 cents, respectively. TDS has a four-quarter average negative earnings surprise of 42.61%.
Dominion Energy D has an Earnings ESP of +0.86% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.17, respectively. D has a four-quarter average earnings surprise of 1.09%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Public Service Enterprise Group Incorporated (PEG): Free Stock Analysis Report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Public Service Enterprise Group Incorporated PEG, better known as PSEG, is scheduled to report first-quarter 2022 results on May 3, before the opening bell. Costs related to the restoration of such power outages as well as mending of its infrastructural damage might have weighed on the first-quarter bottom line. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Public Service Enterprise Group Incorporated Price and EPS Surprise Public Service Enterprise Group Incorporated price-eps-surprise | Public Service Enterprise Group Incorporated Quote PSEG’s service territories suffered from severe storm activities during the first quarter, which might have damaged the company’s infrastructure. Public Service Enterprise Group Incorporated (PEG): Free Stock Analysis Report Public Service Enterprise Group Incorporated PEG, better known as PSEG, is scheduled to report first-quarter 2022 results on May 3, before the opening bell.
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Public Service Enterprise Group Incorporated Price and EPS Surprise Public Service Enterprise Group Incorporated price-eps-surprise | Public Service Enterprise Group Incorporated Quote PSEG’s service territories suffered from severe storm activities during the first quarter, which might have damaged the company’s infrastructure. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. The Zacks Consensus Estimate for WEC Energy’s first-quarter revenues and earnings is pegged at $2.80 billion and $1.66 per share, respectively.
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In the last-reported quarter, the company delivered an earnings surprise of 1.47%. WEC Energy Group WEC has an Earnings ESP of +1.69% and a Zacks Rank #3. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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2022-04-29 00:00:00 UTC
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What's in the Offing for CMS Energy (CMS) in Q1 Earnings?
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https://www.nasdaq.com/articles/whats-in-the-offing-for-cms-energy-cms-in-q1-earnings
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CMS Energy Corporation CMS is slated to report first-quarter 2022 results on May 3 before the opening bell.
Its bottom line outpaced the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 7.22%.
Factors to Note
During the first quarter, CMS Energy’s service territories witnessed warmer-than-normal temperatures accompanied by moderate-to-lower snowfall in some parts. This, in turn, is likely to have hampered the electricity demand for warming purposes among the company’s customers. Furthermore, CMS’ service territories experienced significant precipitation levels in February, resulting in wet weather conditions.
Such weather patterns are expected to have contributed unfavorably to the company’s revenues.
Meanwhile, CMS Energy expects the new connections to ramp up above pre-pandemic levels and anticipates strong load growth, which might have favorably contributed to the company’s revenues in the quarter to be reported.
Thus, the overall impact of the aforementioned factors is likely to have been mixed on the company’s first-quarter performance.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $2.13 billion, suggesting an improvement of 2.2% from the year-ago quarter.
From the cost perspective, CMS Energy has been successfully eliminating waste through its Consumers Energy Way, which might have resulted in cost savings in the to-be-reported quarter. This, in turn, is likely to have added impetus to the bottom line.
Also, the rate relief net of investment costs, largely driven by the electric rate order, may have benefited the company’s bottom line in the soon-to-be-reported quarter.
However, the increased operating and maintenance expenses might have an adverse impact on overall quarterly earnings.
The Zacks Consensus Estimate for first-quarter earningsis pegged at $1.13 per share, indicating a decline of 6.6% from the prior-year reported figure.
CMS Energy Corporation Price and EPS Surprise
CMS Energy Corporation price-eps-surprise | CMS Energy Corporation Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for CMS this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
The company has an Earnings ESP of 0.00% and carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are three Utilities you may want to consider as these have the right combination of elements to post an earnings beat this season:
WEC Energy Group WEC is slated to report its first-quarter results on May 2 before market open. WEC Energy Group has an Earnings ESP of +1.69% and a Zacks Rank #3 at present.
WEC Energy’s long-term earnings growth is pegged at 6.1%. The Zacks Consensus Estimate for WEC’s 2022 earnings per share suggests a rise of 3.1% year over year.
Dominion Energy D is scheduled to report its first-quarter results on May 5 before market open. It has an Earnings ESP of +0.86% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.17, respectively. D has a four-quarter average earnings surprise of 1.09%.
MGE Energy MGEE has an Earnings ESP of +3.63% and a Zacks Rank #2. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for MGE Energy’s first-quarter revenues and earnings is pegged at $176.3 million and 97 cents per share, respectively. MGEE has a four-quarter average earnings surprise of 1.70%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
CMS Energy Corporation (CMS): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Note During the first quarter, CMS Energy’s service territories witnessed warmer-than-normal temperatures accompanied by moderate-to-lower snowfall in some parts. Meanwhile, CMS Energy expects the new connections to ramp up above pre-pandemic levels and anticipates strong load growth, which might have favorably contributed to the company’s revenues in the quarter to be reported. The Zacks Consensus Estimate for MGE Energy’s first-quarter revenues and earnings is pegged at $176.3 million and 97 cents per share, respectively.
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CMS Energy Corporation Price and EPS Surprise CMS Energy Corporation price-eps-surprise | CMS Energy Corporation Quote What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for CMS this time. CMS Energy Corporation CMS is slated to report first-quarter 2022 results on May 3 before the opening bell. Its bottom line outpaced the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 7.22%.
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CMS Energy Corporation Price and EPS Surprise CMS Energy Corporation price-eps-surprise | CMS Energy Corporation Quote What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for CMS this time. Stocks to Consider Here are three Utilities you may want to consider as these have the right combination of elements to post an earnings beat this season: WEC Energy Group WEC is slated to report its first-quarter results on May 2 before market open. The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.17, respectively.
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Also, the rate relief net of investment costs, largely driven by the electric rate order, may have benefited the company’s bottom line in the soon-to-be-reported quarter. CMS Energy Corporation CMS is slated to report first-quarter 2022 results on May 3 before the opening bell. Its bottom line outpaced the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 7.22%.
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698744.0
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2022-04-29 00:00:00 UTC
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What to Expect From Pinnacle West (PNW) in Q1 Earnings?
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Pinnacle West Capital Corporation PNW is scheduled to release first-quarter 2022 results on May 4 before market open. Pinnacle West Capital delivered an earnings surprise of 242.9% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
The solid demand from the commercial and residential groups and an expanding retail customer base are likely to have boosted Pinnacle West Capital’s first-quarter earnings. The continuous effort to rein on the operating expenses is also expected to have boosted earnings.
However, the disappointing rate decision in 2021 is likely to have acted as a headwind for first-quarter earnings. Also, the expected increase in expenses is likely to have adversely impacted earnings in the first quarter.
Expectations
The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 5 cents, indicating an 84.4% decline from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for first-quarter 2022 revenues is pegged at $715.9 million, indicating a 2.8% rise from the year-ago quarter’s reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for PNW this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
Pinnacle West Capital Corporation Price and EPS Surprise
Pinnacle West Capital Corporation price-eps-surprise | Pinnacle West Capital Corporation Quote
Earnings ESP: Pinnacle West Capital has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Pinnacle West Capital carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry who have the right combination of elements to beat earnings in this reporting cycle.
WEC Energy Group WEC is likely to come up with an earnings beat when it reports first-quarter results on May 2 before market open. WEC Energy has an Earnings ESP of +1.69% and carries a Zacks Rank #3 at present. WEC’s long-term earnings growth is projected at 6.1%.
MGE Energy MGEE is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. MGE Energy has an Earnings ESP of +3.63% and carries a Zacks Rank #2 at present. MGEE’s long-term earnings growth is projected at 6.1%.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.86% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Pinnacle West Capital Corporation (PNW): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Consider The solid demand from the commercial and residential groups and an expanding retail customer base are likely to have boosted Pinnacle West Capital’s first-quarter earnings. Expectations The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 5 cents, indicating an 84.4% decline from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter 2022 revenues is pegged at $715.9 million, indicating a 2.8% rise from the year-ago quarter’s reported figure.
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Pinnacle West Capital Corporation Price and EPS Surprise Pinnacle West Capital Corporation price-eps-surprise | Pinnacle West Capital Corporation Quote Earnings ESP: Pinnacle West Capital has an Earnings ESP of 0.00%. Pinnacle West Capital Corporation PNW is scheduled to release first-quarter 2022 results on May 4 before market open. Pinnacle West Capital delivered an earnings surprise of 242.9% in the last reported quarter.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below. Pinnacle West Capital Corporation Price and EPS Surprise Pinnacle West Capital Corporation price-eps-surprise | Pinnacle West Capital Corporation Quote Earnings ESP: Pinnacle West Capital has an Earnings ESP of 0.00%. Pinnacle West Capital Corporation PNW is scheduled to release first-quarter 2022 results on May 4 before market open.
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Pinnacle West Capital delivered an earnings surprise of 242.9% in the last reported quarter. You can see the complete list of today’s Zacks #1 Rank stocks here. Pinnacle West Capital Corporation PNW is scheduled to release first-quarter 2022 results on May 4 before market open.
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698745.0
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2022-04-29 00:00:00 UTC
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NiSource (NI) to Post Q1 Earnings: What's in the Offing?
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NiSource Inc. NI is slated to release first-quarter 2022 financial results on May 4 before market open. NiSource delivered an earnings surprise of 2.6% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
The new gas rates effective in Kentucky in the first quarter and in Maryland and Pennsylvania from the fourth quarter of 2021 are expected to have boosted the upcoming earnings. The economic development in NiSource’s service territories and investments in organic projects are likely to boost first-quarter results.
Expectations
The Zacks Consensus Estimate for first-quarter 2022 earnings per share is pegged at 76 cents, indicating a 1.3% decline from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for first-quarter 2022 revenues is pegged at $1.87 billion, indicating a 21.1% rise from the year-ago quarter’s reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for NI this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
NiSource, Inc Price and EPS Surprise
NiSource, Inc price-eps-surprise | NiSource, Inc Quote
Earnings ESP: NiSource has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NiSource carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry who have the right combination of elements to beat earnings in this reporting cycle.
WEC Energy Group WEC is likely to come up with an earnings beat when it reports first-quarter results on May 2 before market open. WEC Energy has an Earnings ESP of +1.69% and carries a Zacks Rank #3 at present. WEC’s long-term earnings growth is projected at 6.1%.
MGE Energy MGEE is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. MGE Energy has an Earnings ESP of +3.63% and carries a Zacks Rank #2 at present. MGEE’s long-term earnings growth is projected at 6.1%.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.86% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NiSource, Inc (NI): Free Stock Analysis Report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
MGE Energy Inc. (MGEE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The economic development in NiSource’s service territories and investments in organic projects are likely to boost first-quarter results. Expectations The Zacks Consensus Estimate for first-quarter 2022 earnings per share is pegged at 76 cents, indicating a 1.3% decline from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter 2022 revenues is pegged at $1.87 billion, indicating a 21.1% rise from the year-ago quarter’s reported figure.
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NiSource, Inc Price and EPS Surprise NiSource, Inc price-eps-surprise | NiSource, Inc Quote Earnings ESP: NiSource has an Earnings ESP of 0.00%. NiSource Inc. NI is slated to release first-quarter 2022 financial results on May 4 before market open. NiSource delivered an earnings surprise of 2.6% in the last reported quarter.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below. NiSource, Inc Price and EPS Surprise NiSource, Inc price-eps-surprise | NiSource, Inc Quote Earnings ESP: NiSource has an Earnings ESP of 0.00%. NiSource Inc. NI is slated to release first-quarter 2022 financial results on May 4 before market open.
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The economic development in NiSource’s service territories and investments in organic projects are likely to boost first-quarter results. NiSource, Inc Price and EPS Surprise NiSource, Inc price-eps-surprise | NiSource, Inc Quote Earnings ESP: NiSource has an Earnings ESP of 0.00%. NiSource Inc. NI is slated to release first-quarter 2022 financial results on May 4 before market open.
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698746.0
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2022-04-28 00:00:00 UTC
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Xcel Energy (XEL) Q1 Earnings & Revenues Surpass Estimates
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Xcel Energy Inc. XEL posted first-quarter 2022 operating earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents by 2.9%. The bottom line also improved by 4.5% from the year-ago earnings of 67 cents per share.
Total Revenues
Xcel Energy’s first-quarter revenues of $3,751 million beat the Zacks Consensus Estimate of $3,571 million by 5%. The same improved by 6% from the year-ago quarter’s figure of $3,541 million.
Xcel Energy Inc. Price, Consensus and EPS Surprise
Xcel Energy Inc. price-consensus-eps-surprise-chart | Xcel Energy Inc. Quote
Segmental Results
Electric: Revenues declined by 8.3% to $2,633million from $2,870 million in the year-ago quarter.
Natural Gas: Revenues improved by 68.5% from the year-ago quarter’s $647 million to $1,090 million.
Other: Revenues in the segment increased 16.7% to $28 million from the year-ago quarter’s $24 million.
Highlights of the Release
Total operating expenses increased by 6.8% year over year to $3,241 million, primarily due to the higher operating and maintenance expenses and the increased cost of natural gas sold and transported.
Operating income in the reported quarter improved by 0.6% from the prior-year quarter’s reading to $510 million.
Total interest charges and financing costs in the reported quarter rose 4.5% from the prior-year figure to $209 million.
In the first quarter, the Electric and Natural Gas customer count increased 1.1% year over year.
Growth Prospects
Xcel Energy reaffirmed 2022 earnings per share (EPS) in the range of $3.10-$3.20. The Zacks Consensus Estimate for 2022 earnings of $3.17 per share is higher than $3.15, the midpoint of the guided range.XEL reiterated its plan to invest $26 billion during the 2022-2026 period. Out of the total, 30% of the planned expenditure will be directed toward strengthening electric distribution operations and another 29% for fortifying electric transmission operations.
Zacks Rank
Xcel Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Dominion Energy D is scheduled to announce first-quarter 2022 results on May 5 before market open. The Zacks Consensus Estimate for earnings is pegged at $1.17 per share.
Dominion’s long-term earnings growth is projected at 6.1%. The Zacks Consensus Estimate for D’s 2022 EPS suggests year-over-year growth of 6.7%.
Duke Energy DUK is set to release first-quarter 2022 results on May 9 before market open. The Zacks Consensus Estimate for EPS is pegged at $1.37.
Duke Energy’s long-term earnings growth is projected at 9.2%. The Zacks Consensus Estimate for DUK’s 2022 EPS indicates year-over-year growth of 4.2%.
Algonquin Power & Utilities AQN is set to release first-quarter 2022 results on May 12 after market open. The Zacks Consensus Estimate for EPS is pegged at 23 cents.
Algonquin Power & Utilities’ long-term (three to five years) earnings growth is projected at 8.1%. The Zacks Consensus Estimate for AQN’s 2022 EPS indicates year-over-year growth of 5.6%.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xcel Energy Inc. (XEL): Free Stock Analysis Report
Duke Energy Corporation (DUK): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Algonquin Power & Utilities Corp. (AQN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Total interest charges and financing costs in the reported quarter rose 4.5% from the prior-year figure to $209 million. The Zacks Consensus Estimate for 2022 earnings of $3.17 per share is higher than $3.15, the midpoint of the guided range.XEL reiterated its plan to invest $26 billion during the 2022-2026 period. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Xcel Energy Inc. XEL posted first-quarter 2022 operating earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents by 2.9%. Xcel Energy Inc. Price, Consensus and EPS Surprise Xcel Energy Inc. price-consensus-eps-surprise-chart | Xcel Energy Inc. Quote Segmental Results Electric: Revenues declined by 8.3% to $2,633million from $2,870 million in the year-ago quarter. The bottom line also improved by 4.5% from the year-ago earnings of 67 cents per share.
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Xcel Energy Inc. XEL posted first-quarter 2022 operating earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents by 2.9%. Xcel Energy Inc. Price, Consensus and EPS Surprise Xcel Energy Inc. price-consensus-eps-surprise-chart | Xcel Energy Inc. Quote Segmental Results Electric: Revenues declined by 8.3% to $2,633million from $2,870 million in the year-ago quarter. The bottom line also improved by 4.5% from the year-ago earnings of 67 cents per share.
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Dominion Energy Inc. (D): Free Stock Analysis Report Xcel Energy Inc. XEL posted first-quarter 2022 operating earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents by 2.9%. The bottom line also improved by 4.5% from the year-ago earnings of 67 cents per share.
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2022-04-28 00:00:00 UTC
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Dominion Energy (D) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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Dominion Energy (D) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. 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.
The earnings report, which is expected to be released on May 5, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This energy company is expected to post quarterly earnings of $1.17 per share in its upcoming report, which represents a year-over-year change of +7.3%.
Revenues are expected to be $4.28 billion, up 10.6% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 1.69% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Dominion Energy?
For Dominion Energy, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.86%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Dominion Energy will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Dominion Energy would post earnings of $0.90 per share when it actually produced earnings of $0.90, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Dominion Energy appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Dominion Energy (D) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022.
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Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Dominion Energy, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. Dominion Energy (D) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022.
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The earnings report, which is expected to be released on May 5, 2022, might help the stock move higher if these key numbers are better than expectations. Zacks Consensus Estimate This energy company is expected to post quarterly earnings of $1.17 per share in its upcoming report, which represents a year-over-year change of +7.3%. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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698748.0
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2022-04-28 00:00:00 UTC
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PNM Resources (PNM) Q1 Earnings Beat Estimates, Revenues Rise
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https://www.nasdaq.com/articles/pnm-resources-pnm-q1-earnings-beat-estimates-revenues-rise
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PNM Resources PNM reported first-quarter 2022 earnings per share (EPS) of 50 cents, which beat the Zacks Consensus Estimate of 45 cents by 11%. The bottom line also improved by 56.3% from the year-ago earnings of 32 cents per share.
GAAP earnings for the quarter were 19 cents per share, down by a penny from the prior-year quarter’s reading of 20 cents.
Total Revenues
Total electric operating revenues for the first quarter were $444.1 million, up 21.8% from $364.7 million in the year-ago quarter.
PNM Resources, Inc. Price, Consensus and EPS Surprise
PNM Resources, Inc. price-consensus-eps-surprise-chart | PNM Resources, Inc. Quote
Highlights of the Release
Total operating expenses for the reported quarter were $376.1 million, up 17% from $321.5 million in the year-ago quarter, due to an increase in the energy production, transmission and distribution costs.
Operating income in the reported quarter improved by 57.6% from the prior-year quarter’s reading to $68.1 million.
PNM Resources and AVANGRID announced the amendment and extension of their merger agreement through Apr 20, 2023. The companies filed the statement of issues in the appeal of the New Mexico Public Regulation Commission decision with the New Mexico Supreme Court.
Guidance
PNM Resources reaffirmed the 2022 EPS guidance in the range of $2.50-$2.60 and the 2023 EPS guidance in the band of $2.60-$2.75. The midpoint of the above-guided range for 2022 is $2.55, on par with the Zacks Consensus Estimate for 2022. PNM reiterated its five-year investment plan of $3.5 billion for the 2022-2025 period to improve the transmission and distribution infrastructure.
Zacks Rank
PNM Resources currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Dominion Energy D is scheduled to announce first-quarter 2022 results on May 5 before market open. The Zacks Consensus Estimate for earnings is pegged at $1.17 per share.
Dominion’s long-term earnings growth is projected at 6.1%. The Zacks Consensus Estimate for D’s 2022 EPS suggests year-over-year growth of 6.7%.
Duke Energy DUK is set to release first-quarter 2022 results on May 9 before market open. The Zacks Consensus Estimate for EPS is pegged at $1.37 per share.
Duke Energy’s long-term earnings growth is projected at 9.2%. The Zacks Consensus Estimate for DUK’s 2022 EPS indicates year-over-year growth of 4.2%.
Algonquin Power & Utilities AQN is set to release first-quarter 2022 results on May 12. The Zacks Consensus Estimate for EPS is pegged at 23 cents per share.
Algonquin Power & Utilities’ long-term (three to five years) earnings growth is projected at 8.1%. The Zacks Consensus Estimate for AQN’s 2022 EPS indicates year-over-year growth of 5.6%.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Duke Energy Corporation (DUK): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
PNM Resources, Inc. (PNM): Free Stock Analysis Report
Algonquin Power & Utilities Corp. (AQN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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PNM reiterated its five-year investment plan of $3.5 billion for the 2022-2025 period to improve the transmission and distribution infrastructure. Upcoming Releases Dominion Energy D is scheduled to announce first-quarter 2022 results on May 5 before market open. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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PNM Resources PNM reported first-quarter 2022 earnings per share (EPS) of 50 cents, which beat the Zacks Consensus Estimate of 45 cents by 11%. The bottom line also improved by 56.3% from the year-ago earnings of 32 cents per share. GAAP earnings for the quarter were 19 cents per share, down by a penny from the prior-year quarter’s reading of 20 cents.
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PNM Resources PNM reported first-quarter 2022 earnings per share (EPS) of 50 cents, which beat the Zacks Consensus Estimate of 45 cents by 11%. PNM Resources, Inc. Price, Consensus and EPS Surprise PNM Resources, Inc. price-consensus-eps-surprise-chart | PNM Resources, Inc. Quote Highlights of the Release Total operating expenses for the reported quarter were $376.1 million, up 17% from $321.5 million in the year-ago quarter, due to an increase in the energy production, transmission and distribution costs. The bottom line also improved by 56.3% from the year-ago earnings of 32 cents per share.
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PNM Resources PNM reported first-quarter 2022 earnings per share (EPS) of 50 cents, which beat the Zacks Consensus Estimate of 45 cents by 11%. PNM Resources, Inc. Price, Consensus and EPS Surprise PNM Resources, Inc. price-consensus-eps-surprise-chart | PNM Resources, Inc. Quote Highlights of the Release Total operating expenses for the reported quarter were $376.1 million, up 17% from $321.5 million in the year-ago quarter, due to an increase in the energy production, transmission and distribution costs. The bottom line also improved by 56.3% from the year-ago earnings of 32 cents per share.
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2022-04-28 00:00:00 UTC
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What's in Store for CenterPoint Energy (CNP) in Q1 Earnings?
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CenterPoint Energy, Inc. CNP is slated to report first-quarter 2022 results on May 3 before the opening bell.
In the last-reported quarter, the company delivered an earnings surprise of 16.13%. CenterPoint Energy has a trailing four-quarter earnings surprise of 22.98%, on average.
Factors to Note
The majority of CNP’s service territories experienced mixed weather patterns during the January-March 2022 quarter. While some parts of its service areas witnessed colder-than-normal temperature along with precipitation, normal temperatures accompanied with drought conditions prevailed in other parts.
CenterPoint Energy, Inc. Price and EPS Surprise
CenterPoint Energy, Inc. price-eps-surprise | CenterPoint Energy, Inc. Quote
However, some tornadoes along with an ice storm affected some parts of CenterPoint Energy’s service territories, which may have disrupted this utility’s services in those areas. This is likely to have resulted in outages for its customers, which might have impacted revenues in the to-be-reported quarter.
The Zacks Consensus Estimate for CNP’s first-quarter revenues is pegged at $2.56 billion, suggesting growth of 0.5% from the year-ago quarter’s reported figure.
The impact of severe weather conditions mentioned above might have damaged some of the utility’s properties, thereby pushing up its quarterly costs for restoration work. This, in turn, might have hurt earnings in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for first-quarter earnings is pegged at 47 cents per share, indicating a decline of 20.3% from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for CenterPoint Energy this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
The company has an Earnings ESP of -0.53% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are three Utilities players you may want to consider, as these have the right combination of elements to post an earnings beat this season:
Edison International EIX has an Earnings ESP of +13.71% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 4%.
The Zacks Consensus Estimate for Edison International’s first-quarter revenues and earnings is pegged at $3.12 billion and 66 cents per share, respectively. EIX has a four-quarter average earnings surprise of 1.35%.
PG&E Corp PCG has an Earnings ESP of +1.96% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 2.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for PG&E Corp.'s first-quarter revenues and earnings is pegged at $4.97 billion and 26 cents, respectively. PCG has a four-quarter average negative earnings surprise of 8.11%.
Dominion Energy D has an Earnings ESP of +0.86% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.17, respectively. D has a four-quarter average earnings surprise of 1.09%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Edison International (EIX): Free Stock Analysis Report
Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report
CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for CNP’s first-quarter revenues is pegged at $2.56 billion, suggesting growth of 0.5% from the year-ago quarter’s reported figure. The impact of severe weather conditions mentioned above might have damaged some of the utility’s properties, thereby pushing up its quarterly costs for restoration work. The Zacks Consensus Estimate for first-quarter earnings is pegged at 47 cents per share, indicating a decline of 20.3% from the prior-year reported figure.
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The Zacks Consensus Estimate for Edison International’s first-quarter revenues and earnings is pegged at $3.12 billion and 66 cents per share, respectively. Edison International (EIX): Free Stock Analysis Report CenterPoint Energy, Inc. CNP is slated to report first-quarter 2022 results on May 3 before the opening bell.
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CenterPoint Energy, Inc. Price and EPS Surprise CenterPoint Energy, Inc. price-eps-surprise | CenterPoint Energy, Inc. Quote However, some tornadoes along with an ice storm affected some parts of CenterPoint Energy’s service territories, which may have disrupted this utility’s services in those areas. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.17, respectively.
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CenterPoint Energy, Inc. Price and EPS Surprise CenterPoint Energy, Inc. price-eps-surprise | CenterPoint Energy, Inc. Quote However, some tornadoes along with an ice storm affected some parts of CenterPoint Energy’s service territories, which may have disrupted this utility’s services in those areas. The Zacks Consensus Estimate for CNP’s first-quarter revenues is pegged at $2.56 billion, suggesting growth of 0.5% from the year-ago quarter’s reported figure. CenterPoint Energy, Inc. CNP is slated to report first-quarter 2022 results on May 3 before the opening bell.
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2022-04-28 00:00:00 UTC
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American Electric Power (AEP) Tops Q1 Earnings and Revenue Estimates
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American Electric Power (AEP) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.52%. A quarter ago, it was expected that this utility would post earnings of $0.94 per share when it actually produced earnings of $0.98, delivering a surprise of 4.26%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
AEP, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $4.6 billion for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.31%. This compares to year-ago revenues of $4.28 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
AEP shares have added about 11.9% since the beginning of the year versus the S&P 500's decline of -12.2%.
What's Next for AEP?
While AEP has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for AEP: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.17 on $4.15 billion in revenues for the coming quarter and $4.99 on $17.96 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Dominion Energy (D), is yet to report results for the quarter ended March 2022. The results are expected to be released on May 5.
This energy company is expected to post quarterly earnings of $1.17 per share in its upcoming report, which represents a year-over-year change of +7.3%. The consensus EPS estimate for the quarter has been revised 1.7% higher over the last 30 days to the current level.
Dominion Energy's revenues are expected to be $4.28 billion, up 10.6% from the year-ago quarter.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. This energy company is expected to post quarterly earnings of $1.17 per share in its upcoming report, which represents a year-over-year change of +7.3%.
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AEP, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $4.6 billion for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.31%. The current consensus EPS estimate is $1.17 on $4.15 billion in revenues for the coming quarter and $4.99 on $17.96 billion in revenues for the current fiscal year. These figures are adjusted for non-recurring items.
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AEP, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $4.6 billion for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.31%. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. These figures are adjusted for non-recurring items.
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Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. This energy company is expected to post quarterly earnings of $1.17 per share in its upcoming report, which represents a year-over-year change of +7.3%. These figures are adjusted for non-recurring items.
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2022-04-28 00:00:00 UTC
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3 Energy Stocks to Add Some Power to Your Portfolio
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There are many ways to invest in energy and dividend stocks. This trio covers a lot of the common ground between these two different themes. So if you are looking to add some dividend power to your portfolio, you should take a close look at Dominion Energy (NYSE: D), NextEra Energy (NYSE: NEE), and Brookfield Renewable (NYSE: BEPC).
1. Dominion Energy: Boring and reliable
At one point in its past, Dominion Energy owned everything from an oil drilling business to a utility operation. Today, having sold its drilling and most of its midstream assets, the company is a pretty typical electric utility. That said, the last big asset sale, in which Dominion offloaded its midstream operations to Berkshire Hathaway, came with a 33% dividend cut. That isn't shocking, since the midstream operation accounted for about that much of its business.
Image source: Getty Images.
The key here, however, is that selling those assets de-risked and simplified the company's business. The future here is far more certain, given that its regulated operations have to get investment plans and rate hikes approved by the government.
Right now, the stock yields a fairly generous 3.1%. And management expects to be able to grow earnings by around 6.5% annually through 2026, with dividend growth following along at a roughly 6% clip. Since regulators are involved in all the spending that backs these plans, it is highly likely that Dominion will live up to these stated goals. You probably won't brag about Dominion at your next cocktail party, but it can provide a solid cornerstone to a diversified dividend portfolio.
2. NextEra Energy: Focused on growth
NextEra Energy also operates a boring utility -- which just so happens to be the largest in the United States. It basically has similar traits to Dominion in this regard. However, there's another piece to NextEra's operations that sets it apart from the pack -- it is one of the largest producers of electric and wind power in the world. Basically, NextEra has built a massive clean energy business on top of its boring, reliable regulated utility operation.
Growth on the renewable energy side is expected to be very material. The company has 28 gigawatts of clean energy capacity today but hopes to expand that sum by another 30 gigawatts by 2024. That's pretty exciting, but even more enticing is the fact that NextEra has increased its dividend at an annualized clip of more than 10% for over a decade. It expects that its growth plans will allow it to keep that pace up at least through 2024.
The dividend yield is a fairly modest 2.1%, but dividend growth investors might still find it extremely attractive.
3. Brookfield Renewable: Going all-in on clean energy
Brookfield Renewable is solely focused on clean energy. The core of its portfolio is a huge collection of hydroelectric assets, which account for about half of its business. The rest of its portfolio is spread across solar, wind, and energy transition assets, which includes things like energy storage. It's a fairly diversified way to play the clean energy transition, noting that hydro is an old technology capable of providing base-load power, just like a natural gas or coal-fired power plant.
On top of this diversification, the company has operations in North America, South America, Europe, and Asia. It's a one-stop-shop for investors looking to add some clean energy exposure to their portfolio.
That said, the stock currently offers a yield of around 3.4%. This is not too shabby on its own. But Brookfield Renewable also has a stated goal of increasing the dividend by between 5% and 9% a year.
Brookfield Renewable is an active manager, so it is always buying, building, upgrading, and selling assets. But it has historically lived up to that pledge, with a roughly 6% dividend growth rate over time. Income investors looking to focus on clean energy will likely find this company a nice mix of income and growth.
Something for every dividend investor
It is unlikely that you'll like all three of these dividend stocks enough to add the entire crew to your portfolio. However, if you are looking for a boring cornerstone income stock, Dominion Energy could be a nice fit for you. NextEra Energy would fall into the dividend growth space, though investors should note that it is often afforded a premium to its peers. And for those looking for clean power, income, and income growth, Brookfield Renewable would be the name to examine.
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Reuben Gregg Brewer has positions in Dominion Energy, Inc. The Motley Fool has positions in and recommends Berkshire Hathaway (B shares), Brookfield Renewable Corporation Inc., and NextEra Energy. The Motley Fool recommends Dominion Energy, Inc and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You probably won't brag about Dominion at your next cocktail party, but it can provide a solid cornerstone to a diversified dividend portfolio. Basically, NextEra has built a massive clean energy business on top of its boring, reliable regulated utility operation. The Motley Fool has positions in and recommends Berkshire Hathaway (B shares), Brookfield Renewable Corporation Inc., and NextEra Energy.
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So if you are looking to add some dividend power to your portfolio, you should take a close look at Dominion Energy (NYSE: D), NextEra Energy (NYSE: NEE), and Brookfield Renewable (NYSE: BEPC). The Motley Fool has positions in and recommends Berkshire Hathaway (B shares), Brookfield Renewable Corporation Inc., and NextEra Energy. The Motley Fool recommends Dominion Energy, Inc and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares).
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So if you are looking to add some dividend power to your portfolio, you should take a close look at Dominion Energy (NYSE: D), NextEra Energy (NYSE: NEE), and Brookfield Renewable (NYSE: BEPC). NextEra Energy: Focused on growth NextEra Energy also operates a boring utility -- which just so happens to be the largest in the United States. Brookfield Renewable: Going all-in on clean energy Brookfield Renewable is solely focused on clean energy.
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NextEra Energy: Focused on growth NextEra Energy also operates a boring utility -- which just so happens to be the largest in the United States. Basically, NextEra has built a massive clean energy business on top of its boring, reliable regulated utility operation. The Motley Fool has positions in and recommends Berkshire Hathaway (B shares), Brookfield Renewable Corporation Inc., and NextEra Energy.
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2022-04-27 00:00:00 UTC
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The Zacks Analyst Blog Highlights American Water Works, WEC Energy, One Gas and Dominion Energy
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For Immediate Release
Chicago, IL – April 27, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: American Water Works AWK, WEC Energy Group WEC, One Gas, Inc. OGS and Dominion Energy Inc. D.
Here are highlights from Tuesday’s Analyst Blog:
4 Utility Stocks Likely to Beat Q1 Earnings Estimates
The companies belonging to the Zacks Utilities sector ensure a continuous supply of electricity, potable water and natural gas and provide wastewater services to millions of customers across the United States. The sector is off to a solid start to the first-quarter earnings season, with NextEra Energy (NEE) beating estimates by 7.3%.
Per the current Earnings Trends report, the utility sector's first-quarter earnings are expected to increase 9.3%, while revenues are estimated to decline 8%. Utilities is among the 10 Zacks sectors that are expected to earn more in the first quarter than the year-ago period.
Factors Likely to Impact Q1 Results
The overall improvement in economic conditions in the United States and a surge in commercial and industrial activities have been creating fresh demand for utility services despite the threat of the new variant of COVID-19. Fresh demand from the expanding customer base of the utilities is expected to have boosted their first-quarter performance.
The utilities remained focused on making systematic investments to add renewable energy sources to their generation portfolios and reduce emissions. Investments in expanding and strengthening transmission and distribution lines have been making the infrastructure more resilient and enabling utilities to provide 24X7 services to customers even during adverse climatic conditions. Large water utilities have been taking initiatives to replace old water mains to ensure uninterrupted services for customers.
Utilities have been focused on improving productivity and their cost structure through investments in digital technologies, integrating key systems and analyzing data to make proper decisions to improve overall operations. The utilities have been educating customers relating to the proper usage of electricity to reduce utility bills and things to do during emergency situations to reduce damage.
The new utility rates approved by different commissions across the United States are also likely to have positively impacted first-quarter earnings. First-quarter earnings are likely to have benefited from higher weather-related usage from customers than the year-ago period.
Picking Winners From the Utility Space
Choosing the right stock for one's portfolio from too many participants is certainly a tough job. An easy way to streamline the list is by selecting stocks with the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Per our proprietary methodology, Earnings ESP is a determining factor for zeroing in on stocks with maximum chances of beating on earnings. It shows the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Our research shows that stocks with the right combination of the two key ingredients have 70% higher chances of delivering an earnings surprise.
For investors looking to find winners, we have highlighted four Utility stocks that are poised to beat first-quarter earnings estimates.
Our Utility Bets for Q1
Camden, NJ-based American Water Works provides water and wastewater services to millions of customers across the United States. American Water continues to expand operations in the United States through organic and inorganic methods. This utility makes consistent investments to upgrade and maintain the aging water infrastructure. Effective cost management and new water rates effective in its service territories are likely to have boosted first-quarter earnings.
American Water Works has an Earnings ESP of +1.00% and a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.
American Water Works is scheduled to report quarterly results on Apr 27.
American Water Works Company, Inc. price-eps-surprise | American Water Works Company, Inc. Quote
Milwaukee, WI-based WEC Energy Group provides natural gas and electricity to customers. First-quarter earnings are likely to have benefited from its ongoing regulated investment and improvement in the demand for utility services from commercial and industrial (C&I) customers. On an average, more than 60% of WEC's electricity is sold to the C&I group.
WEC Energy has an Earnings ESP of +0.34% and a Zacks Rank #3. WEC Energy is scheduled to report quarterly results on May 2.
WEC Energy Group, Inc. price-eps-surprise | WEC Energy Group, Inc. Quote
Tulsa, OK-based ONE Gas, Inc., along with its subsidiaries, supplies natural gas to customers in the United States. First-quarter earnings are likely to have gained from strong demand from residential customers and the expansion of its overall customer base.
ONE Gas has an Earnings ESP of +1.22% and a Zacks Rank #3. ONE Gas is scheduled to report quarterly results on May 2.
ONE Gas, Inc. price-eps-surprise | ONE Gas, Inc. Quote
Richmond, VA-based Dominion Energy Inc. provides electric and natural gas services to millions of customers in the United States. First-quarter earnings are likely to have benefited from Dominion's ongoing regulated investments and higher sales volumes than the year-ago period due to return to normal weather.
Dominion Energy has an Earnings ESP of +0.86% and a Zacks Rank #3. Dominion Energy is scheduled to report quarterly results on May 5.
Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
American Water Works Company, Inc. (AWK): Free Stock Analysis Report
ONE Gas, Inc. (OGS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: American Water Works AWK, WEC Energy Group WEC, One Gas, Inc. OGS and Dominion Energy Inc. D. Here are highlights from Tuesday’s Analyst Blog: 4 Utility Stocks Likely to Beat Q1 Earnings Estimates The companies belonging to the Zacks Utilities sector ensure a continuous supply of electricity, potable water and natural gas and provide wastewater services to millions of customers across the United States. Factors Likely to Impact Q1 Results The overall improvement in economic conditions in the United States and a surge in commercial and industrial activities have been creating fresh demand for utility services despite the threat of the new variant of COVID-19. Investments in expanding and strengthening transmission and distribution lines have been making the infrastructure more resilient and enabling utilities to provide 24X7 services to customers even during adverse climatic conditions.
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Stocks recently featured in the blog include: American Water Works AWK, WEC Energy Group WEC, One Gas, Inc. OGS and Dominion Energy Inc. D. Here are highlights from Tuesday’s Analyst Blog: 4 Utility Stocks Likely to Beat Q1 Earnings Estimates The companies belonging to the Zacks Utilities sector ensure a continuous supply of electricity, potable water and natural gas and provide wastewater services to millions of customers across the United States. American Water Works Company, Inc. price-eps-surprise | American Water Works Company, Inc. Quote Milwaukee, WI-based WEC Energy Group provides natural gas and electricity to customers. ONE Gas, Inc. price-eps-surprise | ONE Gas, Inc. Quote Richmond, VA-based Dominion Energy Inc. provides electric and natural gas services to millions of customers in the United States.
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Stocks recently featured in the blog include: American Water Works AWK, WEC Energy Group WEC, One Gas, Inc. OGS and Dominion Energy Inc. D. Here are highlights from Tuesday’s Analyst Blog: 4 Utility Stocks Likely to Beat Q1 Earnings Estimates The companies belonging to the Zacks Utilities sector ensure a continuous supply of electricity, potable water and natural gas and provide wastewater services to millions of customers across the United States. American Water Works Company, Inc. price-eps-surprise | American Water Works Company, Inc. Quote Milwaukee, WI-based WEC Energy Group provides natural gas and electricity to customers. Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Stocks recently featured in the blog include: American Water Works AWK, WEC Energy Group WEC, One Gas, Inc. OGS and Dominion Energy Inc. D. Here are highlights from Tuesday’s Analyst Blog: 4 Utility Stocks Likely to Beat Q1 Earnings Estimates The companies belonging to the Zacks Utilities sector ensure a continuous supply of electricity, potable water and natural gas and provide wastewater services to millions of customers across the United States. American Water Works Company, Inc. price-eps-surprise | American Water Works Company, Inc. Quote Milwaukee, WI-based WEC Energy Group provides natural gas and electricity to customers. Want the latest recommendations from Zacks Investment Research?
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698753.0
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2022-04-26 00:00:00 UTC
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Alliant Energy (LNT) to Post Q1 Earnings: What's in Store?
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https://www.nasdaq.com/articles/alliant-energy-lnt-to-post-q1-earnings%3A-whats-in-store
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Alliant Energy Corporation LNT is slated to release first-quarter 2022 financial results on Apr 28 after market close. Alliant Energy’s last-quarter operating earnings were on par with the Zacks Consensus Estimate.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
The ongoing economic development in Alliant Energy’s service territories and the rising demand from the commercial and industrial customer groups are likely to have boosted LNT’s first-quarter performance. First-quarter earnings are also expected to have gained from higher earnings due to the increasing capital investments and the Allowance for Funds Used During Construction benefits of its solar projects under construction.
Expectation
The Zacks Consensus Estimate for first-quarter 2022 earnings per share is pegged at 71 cents, indicating a 4.4% rise from the year-ago quarter’s reported figure.
What the Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for Alliant Energy this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here as you will see below.
Alliant Energy Corporation Price and EPS Surprise
Alliant Energy Corporation price-eps-surprise | Alliant Energy Corporation Quote
Earnings ESP: Alliant Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, LNT carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry who have the right combination of elements to beat earnings in this reporting cycle.
WEC Energy Group WEC is likely to come up with an earnings beat when it reports first-quarter results on May 2 before market open. WEC Energy has an Earnings ESP of +0.35% and carries a Zacks Rank #3 at present. WEC’s long-term earnings growth is projected at 6.1%.
Edison International EIX is likely to come up with an earnings beat when it reports first-quarter results on May 3 after market close. Edison has an Earnings ESP of +13.71% and carries a Zacks Rank #3 at present. EIX’s long-term earnings growth is projected at 3.9%.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.86% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Edison International (EIX): Free Stock Analysis Report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Alliant Energy Corporation (LNT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Consider The ongoing economic development in Alliant Energy’s service territories and the rising demand from the commercial and industrial customer groups are likely to have boosted LNT’s first-quarter performance. Expectation The Zacks Consensus Estimate for first-quarter 2022 earnings per share is pegged at 71 cents, indicating a 4.4% rise from the year-ago quarter’s reported figure. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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Alliant Energy Corporation Price and EPS Surprise Alliant Energy Corporation price-eps-surprise | Alliant Energy Corporation Quote Earnings ESP: Alliant Energy has an Earnings ESP of 0.00%. Alliant Energy Corporation LNT is slated to release first-quarter 2022 financial results on Apr 28 after market close. Let’s see how things have shaped up before the upcoming earnings announcement.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. Alliant Energy Corporation Price and EPS Surprise Alliant Energy Corporation price-eps-surprise | Alliant Energy Corporation Quote Earnings ESP: Alliant Energy has an Earnings ESP of 0.00%. Alliant Energy Corporation LNT is slated to release first-quarter 2022 financial results on Apr 28 after market close.
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Alliant Energy Corporation Price and EPS Surprise Alliant Energy Corporation price-eps-surprise | Alliant Energy Corporation Quote Earnings ESP: Alliant Energy has an Earnings ESP of 0.00%. Dominion Energy Inc. (D): Free Stock Analysis Report Alliant Energy Corporation LNT is slated to release first-quarter 2022 financial results on Apr 28 after market close.
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2022-04-25 00:00:00 UTC
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Looking for Passive Income? Consider This Monster Dividend Aristocrat
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Market turbulence is showing no signs of subsiding as investors question high-flying growth stocks and flock toward companies with earnings they can count on.
NextEra Energy (NYSE: NEE) finds itself somewhat in between. The stock has sold off year to date, in part because it's been up big in recent years. But it also has stable earnings and growth too. What's more, it has a growing dividend and is a new member of the Dividend Aristocrat list of S&P 500 components that have paid and raised their dividends for at least 25 consecutive years.
Here's why NextEra Energy stands out as a great buy now.
Image source: Getty Images.
Why investors are gravitating toward utility stocks right now
Year to date, only three out of the 11 sectors in the S&P 500 have produced a positive total return -- energy, utilities, and consumer staples.
^SPX data by YCharts
Oil and gas prices have rocketed higher as geopolitical tensions clash with supply demand imbalances. So it's not surprising that oil and gas stocks are having their time in the sun. However, the story behind utilities and consumer staples is more commonplace.
Utilities and consumer staples companies have stable cash flows despite the economic cycles. They also have low to moderate growth and tend to pay generous dividends. This makes the utility and consumer staples sectors safe havens amid a stock market sell-off. On the flip side, the three worst-performing sectors so far this year are technology, communication, and consumer discretionary because rising interest rates and inflation can stall an economy, which leads to less growth.
Outsized returns
NextEra Energy is the largest U.S. utility by market cap, and it's not even close. The company is over 80% more valuable than the second-largest U.S. utility by market cap -- Duke Energy.
Many major utility stocks are hitting all-time highs. But NextEra Energy stock is underperforming the sector and is down 15% on the year. Part of the reason for its underperformance may be due to its industry-leading return over the last three-year, five-year, and 10-year time frame -- during which NextEra Energy was one of the few utility stocks that crushed the utility sector but also the S&P 500.
SECURITY
YEAR-TO-DATE TOTAL RETURN
1-YEAR TOTAL RETURN
3-YEAR TOTAL RETURN
5-YEAR TOTAL RETURN
10-YEAR TOTAL RETURN
NextEra Energy
-11%
7%
85%
184%
601%
Duke Energy
11%
21%
44%
72%
188%
Southern Company
12%
24%
64%
93%
168%
Dominion Energy
12%
17%
29%
39%
158%
Xcel Energy
11%
11%
44%
91%
297%
Utilities Select Sector SPDR ETF
7%
19%
44%
73%
213%
S&P 500
-7%
8%
59%
106%
291%
Data source: YCharts
Another reason is that many leading utility stocks were undervalued and had some catching up to do -- so to speak -- relative to their earnings growth. And one more reason is that other utilities have caught wind of the effectiveness of NextEra's ambitious renewable energy investment strategy and have since earmarked more and more capital of their own toward sustainable practices and renewable electricity generation.
NextEra Energy's advantage
NextEra Energy began investing in renewable energy earlier than many of its competitors. Today, it is the largest wind and solar energy operator in the world. That head start gives NextEra an advantage both in its portfolio positioning and its experience. Experience matters when the renewable energy industry is under strain and interest rates are rising.
When a legacy industry suddenly begins to dramatically change by following in the footsteps of a single company, that's generally a very good sign that the company is doing something right. In the auto industry, it was Tesla. With mobile phones, it was Apple. And in the regulated electric utility industry, it is NextEra Energy.
The difference is that NextEra Energy doesn't really compete with other utilities in the same way that Apple competes with Microsoft and Alphabet, or Tesla competes with new and established automakers. Rather, NextEra has its core customer base in Florida and is vertically integrated, so it controls power generation, transmission, and distribution. Its portfolio now includes almost no coal and less nuclear, but still a good amount of natural gas and a lot more wind and solar.
Infrastructure development is capital intensive and takes a long time. You can't simply flip a switch and shift the grid toward 100% renewable energy. Rather, NextEra's strategy is to build its low-carbon infrastructure early so that it is prepared to capture market share as consumers and regulators demand more renewable energy.
In the meantime, NextEra Energy believes it will be able to grow its dividends per share by roughly 10% per year through at least this year, and it expects adjusted earnings per share to grow by 6% to 8% per year between 2023 and 2025 off of a 2022 base.
A utility that is built to last
NextEra Energy is a great stock to buy now because long-term contracts and relatively fixed demand for its services insulate it from the harmful effects of inflation. It also has experience in the renewable energy industry, which should give it an advantage when it comes to entering new agreements. Finally, NextEra Energy has a balanced portfolio of fossil fuels and renewable energy that supports steady earnings and dividend growth.
Add it all up, and you have a top-tier safe stock that investors can count on for its 1.9% dividend yield and long-term growth.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Daniel Foelber has the following options: long May 2022 $705 puts on Tesla and short May 2022 $700 puts on Tesla. The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Apple, Microsoft, NextEra Energy, and Tesla. The Motley Fool recommends Dominion Energy, Inc and Duke Energy and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the flip side, the three worst-performing sectors so far this year are technology, communication, and consumer discretionary because rising interest rates and inflation can stall an economy, which leads to less growth. Rather, NextEra's strategy is to build its low-carbon infrastructure early so that it is prepared to capture market share as consumers and regulators demand more renewable energy. A utility that is built to last NextEra Energy is a great stock to buy now because long-term contracts and relatively fixed demand for its services insulate it from the harmful effects of inflation.
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NextEra Energy -11% 7% 85% 184% 601% Duke Energy 11% 21% 44% 72% 188% Southern Company 12% 24% 64% 93% 168% Dominion Energy 12% 17% 29% 39% 158% Xcel Energy 11% 11% 44% 91% 297% Utilities Select Sector SPDR ETF 7% 19% 44% 73% 213% The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Apple, Microsoft, NextEra Energy, and Tesla. The Motley Fool recommends Dominion Energy, Inc and Duke Energy and recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple.
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Part of the reason for its underperformance may be due to its industry-leading return over the last three-year, five-year, and 10-year time frame -- during which NextEra Energy was one of the few utility stocks that crushed the utility sector but also the S&P 500. NextEra Energy -11% 7% 85% 184% 601% Duke Energy 11% 21% 44% 72% 188% Southern Company 12% 24% 64% 93% 168% Dominion Energy 12% 17% 29% 39% 158% Xcel Energy 11% 11% 44% 91% 297% Utilities Select Sector SPDR ETF 7% 19% 44% 73% 213% NextEra Energy's advantage NextEra Energy began investing in renewable energy earlier than many of its competitors.
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Why investors are gravitating toward utility stocks right now Year to date, only three out of the 11 sectors in the S&P 500 have produced a positive total return -- energy, utilities, and consumer staples. But NextEra Energy stock is underperforming the sector and is down 15% on the year. The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Apple, Microsoft, NextEra Energy, and Tesla.
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2022-04-25 00:00:00 UTC
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DTE Energy (DTE) to Report Q1 Earnings: What's in the Offing?
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DTE Energy Company DTE is set to report first-quarter 2022 results on Apr 28 before market open.
In the last reported quarter, the company delivered an earnings surprise of 11.70%. The company boasts a four-quarter average earnings surprise of 9.18%.
Let's take a closer look at the factors that are likely to get reflected in DTE Energy’s upcoming results.
Factors to Consider
In February 2022, the company’s service territories witnessed near-normal snowfall. This is likely to have contributed to its top-line performance in the first quarter.
DTE Energy Company Price and EPS Surprise
DTE Energy Company price-eps-surprise | DTE Energy Company Quote
However, in January and March, DTE Energy’s customers observed wet weather patterns accompanied by precipitation. Such weather pattern tends to lower electricity demand and is likely to have hampered revenue growth in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $3.46 billion, indicating an 8.5% decline from the year-ago quarter’s reported figure.
From the cost perspective, higher operating and manufacturing expenses and rate-based growth costs may have negatively impacted the bottom line of DTE Energy in the first quarter. Moreover, a snow storm took place during the first quarter, affecting the company’s service territories. This might have damaged the utility’s infrastructure, thereby pushing up its expenses. This might have hurt its quarterly earnings.
The Zacks Consensus Estimate for DTE Energy’s first-quarter earnings is pegged at $2.06 per share, suggesting a 15.6% decline from the year-ago quarter’s reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for DTE this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, this is not the case here.
DTE Energy has an Earnings ESP of 0.00% and carries a Zacks Rank #3. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Stocks to Consider
Here are three Utilities players you may want to consider, as these have the right combination of elements to post an earnings beat this season:
The Southern Company SO has an Earnings ESP of +2.16% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 4%.
The Zacks Consensus Estimate for The Southern Company’s first-quarter revenues and earnings is pegged at $5.95 billion and 89 cents per share, respectively. SO has a four-quarter average earnings surprise of 6.33%.
Atmos Energy ATO has an Earnings ESP of +1.34% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 7.3%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Atmos Energy’s first-quarter revenues and earnings is pegged at $1.49 billion and $2.36, respectively. ATO has a four-quarter average negative earnings surprise of 4.40%.
Dominion Energy D has an Earnings ESP of +0.86% and a Zacks Rank #3. The stock boasts a long-term earnings growth rate of 6.1%.
The Zacks Consensus Estimate for Dominion Energy’s first-quarter revenues and earnings is pegged at $4.28 billion and $1.17, respectively. D has a four-quarter average earnings surprise of 1.09%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southern Company The (SO): Free Stock Analysis Report
DTE Energy Company (DTE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Atmos Energy Corporation (ATO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $3.46 billion, indicating an 8.5% decline from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for DTE Energy’s first-quarter earnings is pegged at $2.06 per share, suggesting a 15.6% decline from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for The Southern Company’s first-quarter revenues and earnings is pegged at $5.95 billion and 89 cents per share, respectively.
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DTE Energy Company Price and EPS Surprise DTE Energy Company price-eps-surprise | DTE Energy Company Quote However, in January and March, DTE Energy’s customers observed wet weather patterns accompanied by precipitation. The Zacks Consensus Estimate for DTE Energy’s first-quarter earnings is pegged at $2.06 per share, suggesting a 15.6% decline from the year-ago quarter’s reported figure. DTE Energy Company (DTE): Free Stock Analysis Report
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DTE Energy Company Price and EPS Surprise DTE Energy Company price-eps-surprise | DTE Energy Company Quote However, in January and March, DTE Energy’s customers observed wet weather patterns accompanied by precipitation. The Zacks Consensus Estimate for DTE Energy’s first-quarter earnings is pegged at $2.06 per share, suggesting a 15.6% decline from the year-ago quarter’s reported figure. DTE Energy Company (DTE): Free Stock Analysis Report
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In the last reported quarter, the company delivered an earnings surprise of 11.70%. DTE Energy Company (DTE): Free Stock Analysis Report DTE Energy Company DTE is set to report first-quarter 2022 results on Apr 28 before market open.
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2022-04-25 00:00:00 UTC
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What to Expect From California Water (CWT) in Q1 Earnings?
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https://www.nasdaq.com/articles/what-to-expect-from-california-water-cwt-in-q1-earnings
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California Water Service Group CWT is scheduled to release first-quarter 2022 results on Apr 28 before market open. California Water Service witnessed a negative earnings surprise of 65% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
California Water Service’s first-quarter revenues are expected to improve due to contributions from the assets acquired in 2021. First-quarter results are likely to be impacted by an increase in maintenance costs.
Expectations
The Zacks Consensus Estimate for first-quarter earnings per share (EPS) is pegged at 5 cents, indicating a 183.3% rise from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for first-quarter 2022 revenues is pegged at $154 million, indicating a 4.2% rise from the year-ago quarter’s reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for CWT this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
California Water Service Group Price and EPS Surprise
California Water Service Group price-eps-surprise | California Water Service Group Quote
Earnings ESP: California Water Service has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, California Water Service carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks.
Stocks to Consider
Investors can consider the following players from the same sector who have the right combination of elements to beat earnings in this reporting cycle.
American Water Works AWK is likely to come up with an earnings beat when it reports first-quarter results on Apr 27 after market close. American Water Works has an Earnings ESP of +1.00% and a Zacks Rank of #3 at present.
American Water Works’ long-term (three to five years) earnings growth is currently pegged at 8.1%. The Zacks Consensus Estimate for AWK’s 2022 EPS has surged 4.7% year over year.
WEC Energy Group WEC is likely to come up with an earnings beat when it reports first-quarter results on May 2 before market open. WEC Energy Group has an Earnings ESP of +0.35% and carries a Zacks Rank #3 at present.
WEC Energy Group’s long-term earnings growth is projected at 6.1%. The Zacks Consensus Estimate for WEC’s 2022 EPS has surged 4.6% year over year.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.86% and carries a Zacks Rank #3 at present.
Dominion Energy’s long-term earnings growth is projected at 6.1%. The Zacks Consensus Estimate for D’s 2022 EPS has surged 6.7% year over year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
American Water Works Company, Inc. (AWK): Free Stock Analysis Report
California Water Service Group (CWT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Note California Water Service’s first-quarter revenues are expected to improve due to contributions from the assets acquired in 2021. Expectations The Zacks Consensus Estimate for first-quarter earnings per share (EPS) is pegged at 5 cents, indicating a 183.3% rise from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter 2022 revenues is pegged at $154 million, indicating a 4.2% rise from the year-ago quarter’s reported figure.
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California Water Service Group Price and EPS Surprise California Water Service Group price-eps-surprise | California Water Service Group Quote Earnings ESP: California Water Service has an Earnings ESP of 0.00%. California Water Service Group CWT is scheduled to release first-quarter 2022 results on Apr 28 before market open. California Water Service witnessed a negative earnings surprise of 65% in the last reported quarter.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below. California Water Service Group Price and EPS Surprise California Water Service Group price-eps-surprise | California Water Service Group Quote Earnings ESP: California Water Service has an Earnings ESP of 0.00%. California Water Service Group CWT is scheduled to release first-quarter 2022 results on Apr 28 before market open.
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WEC Energy Group has an Earnings ESP of +0.35% and carries a Zacks Rank #3 at present. Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Just Released: Zacks' 7 Best Stocks for Today Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
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2022-04-24 00:00:00 UTC
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Good Stocks To Invest In Right Now? 4 Utility Stocks To Know
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4 Top Utility Stocks To Watch This Week
As the stock market braces for headwinds from geopolitical uncertainty and inflationary pressures, investors could be turning towards defensive sectors. As such, utility stocks could be one to consider as they are usually better equipped to weather market volatility. This is because utility stocks consist of companies that provide essentials such as water, electricity, and gas. On top of that, demand for these utilities is likely stable even during periods of war or inflation. Besides, utility companies are able to offer strong dividends thanks to their steady flow of income, making them a safe pick for investors.
Investors may be looking at the likes of Dominion Energy (NYSE: D). In March, the energy company received approval from the Virginia State Corporation Commission to add 1,000 megawatts of carbon-free electricity to its generation portfolio. In particular, the approved expansion includes 15 projects which the company will complete in 2022 and 2023. Apart from Dominion, we have Essential Utilities (NYSE: WTRG). The company recently acquired the wastewater system of Lower Makefield Township. The wastewater system, costing $53 million, serves approximately 11,000 customer connections in townships throughout Pennsylvania. And on that note, check out these four utility stocks in the stock market today.
Utility Stocks To Buy [Or Sell] This Week
NextEra Energy Inc. (NYSE: NEE)
California Water Service Group (NYSE: CWT)
Sempra Energy (NYSE: SRE)
Vidler Water Resources Inc. (NASDAQ: VWTR)
NextEra Energy
NextEra Energy is a renewable energy company that owns the largest rate-regulated electric utility in the U.S., Florida Power & Light Company (FPL). FPL serves more than 5.6 million customer accounts, supporting more than 11 million residents across Florida with clean, reliable, and affordable electricity. It also owns a competitive clean energy business, NextEra Energy Resources (NEER), which is one of the largest generators of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire, and Wisconsin.
Last week, NextEra reported its first-quarter 2022 financial results. For starters, the company brought in net revenue of $2.89 billion, most of which came from its FPL segment. As for its profits, NextEra reported adjusted earnings of $1.46 billion for the quarter, an increase from last year’s $1.33 billion. Accordingly, this translates to earnings of $0.74 per share and $0.67 per share respectively. As for NextEra’s 2022 outlook, it expects adjusted earnings per share to be in the range of $2.75 to $2.85. And for 2023 through 2025, the company expects to grow roughly 6% to 8% per year off the expected 2022 adjusted earnings per share. Given this, will you be watching NEE stock?
Source: TD Ameritrade TOS
[Read More] Best Stocks To Invest In Right Now? 3 Consumer Staples Stocks To Know
California Water Service Group
Following that, we have California Water Service Group or CWT for short. For a sense of scale, the company provides high-quality water and wastewater services to more than two million people in over 100 communities through its five subsidiaries. These subsidiaries include California Water, Hawaii Water, New Mexico Water, Washington Water, and Texas Water. Therefore, it is unsurprising that CWT is the third-largest publicly traded water utility company in the U.S. CWT stock has been trading sideways over the past year. Could things be turning around soon?
On Monday, its New Mexico Water subsidiary successfully closed the acquisition of Morningstar Water System from Animas Valley Land and Water (AV Water). As such, this acquisition will now allow New Mexico Water Service to deliver high-quality water services to Morningstar customers. Moreover, it will also add 2,000 customers to New Mexico Water’s customer base. Apart from that, CWT’s Washington subsidiary recently signed an agreement to acquire the water assets of Stroh’s Water Company, which will add 900 customers to its customer base. All in all, CWT has been making steady efforts to increase its customer base. As CWT’s customer base continues this uptrend, will you be eyeing CWT stock?
Source: TD Ameritrade TOS
Sempra Energy
Another top utility stock to watch is Sempra. For the most part, it is a North American energy infrastructure company that focuses on electric and natural gas infrastructure. For a sense of scale, Sempra hires approximately 20,000 employees and serves more than 40 million consumers worldwide. Its operating companies include Southern California Gas Company and San Diego Gas & Electric to name a few. Since the start of 2022, SRE stock has risen in value by nearly 30%.
Late in March, Sempra and French oil major TotalEnergies agreed to expand their collaborations on LNG and wind projects. This collaboration aims to improve the energy supply and help cut Europe’s reliance on Russian oil and gas imports. Evidently, it seems that U.S. exporters are stepping up as Europe looks for alternative energy sources following the sanctions on Moscow. CEO Jeffrey Martin added, “With last week’s energy accord between the U.S. and European Commission, alliances between some of the leading energy companies like TotalEnergies and Sempra are increasingly important to transatlantic trade and energy security.” With that being said, should you invest in SRE stock?
Source: TD Ameritrade TOS
Vidler Water
Finishing off our list of utility stocks today is Vidler Water Resources, or Vidler for short. Essentially, it is a water resource company that focuses on developing reliable water supply in geographic areas lacking available water resources. Vidler provides water development solutions for end-users by identifying, acquiring, and developing water rights, often within fragmented agricultural markets. Over time, the company will convert these water rights to higher valued municipal and industrial uses. In the past year, VWTR stock has increased over 75% in price.
Last month, the water resource company reported its financial results for the fourth quarter ended December 31, 2021. For starters, it raked in $23.44 million for the quarter, a stark year-over-year increase from the $3.46 million in 2020. This massive differential is thanks to the company’s significant sale of 55,000 long-term storage credits (LTSC) from its storage facility in Arizona. The sale generated approximately $22 million in revenue for Vidler. Besides, net income came in at $33.68 million, triple the amount of $10.1 million in the prior year. Given the strong quarterly performance, should you invest in VWTR stock?
Source: TD Ameritrade TOS
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In March, the energy company received approval from the Virginia State Corporation Commission to add 1,000 megawatts of carbon-free electricity to its generation portfolio. Late in March, Sempra and French oil major TotalEnergies agreed to expand their collaborations on LNG and wind projects. Source: TD Ameritrade TOS If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel.
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Utility Stocks To Buy [Or Sell] This Week NextEra Energy Inc. (NYSE: NEE) California Water Service Group (NYSE: CWT) Sempra Energy (NYSE: SRE) Vidler Water Resources Inc. (NASDAQ: VWTR) NextEra Energy NextEra Energy is a renewable energy company that owns the largest rate-regulated electric utility in the U.S., Florida Power & Light Company (FPL). These subsidiaries include California Water, Hawaii Water, New Mexico Water, Washington Water, and Texas Water. Source: TD Ameritrade TOS Sempra Energy Another top utility stock to watch is Sempra.
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Utility Stocks To Buy [Or Sell] This Week NextEra Energy Inc. (NYSE: NEE) California Water Service Group (NYSE: CWT) Sempra Energy (NYSE: SRE) Vidler Water Resources Inc. (NASDAQ: VWTR) NextEra Energy NextEra Energy is a renewable energy company that owns the largest rate-regulated electric utility in the U.S., Florida Power & Light Company (FPL). These subsidiaries include California Water, Hawaii Water, New Mexico Water, Washington Water, and Texas Water. Source: TD Ameritrade TOS Vidler Water Finishing off our list of utility stocks today is Vidler Water Resources, or Vidler for short.
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Utility Stocks To Buy [Or Sell] This Week NextEra Energy Inc. (NYSE: NEE) California Water Service Group (NYSE: CWT) Sempra Energy (NYSE: SRE) Vidler Water Resources Inc. (NASDAQ: VWTR) NextEra Energy NextEra Energy is a renewable energy company that owns the largest rate-regulated electric utility in the U.S., Florida Power & Light Company (FPL). As for its profits, NextEra reported adjusted earnings of $1.46 billion for the quarter, an increase from last year’s $1.33 billion. Source: TD Ameritrade TOS Sempra Energy Another top utility stock to watch is Sempra.
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2022-04-22 00:00:00 UTC
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American Water (AWK) to Post Q1 Earnings: What to Expect
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American Water Works Company AWK is set to release first-quarter 2022 results on Apr 27. In the last reported quarter, the company delivered a negative earnings surprise of 1.2%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
American Water’s first-quarter earnings are expected to have benefited from efficient cost management. New water rates effective in different territories are likely to have boosted first-quarter earnings.
The ongoing addition in customer volume due to acquisitions and organic means is likely to have increased the demand for water and wastewater services as well as boosted earnings in the first quarter.
Expectations
The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 75 cents per share, indicating year-over-year growth of 2.7% from the year-ago reported figure.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $872 million, indicating a year-over-year decline of 1.8% from the year-ago reported figure.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for American Water this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is the case here as you see below.
American Water Works Company, Inc. Price and EPS Surprise
American Water Works Company, Inc. price-eps-surprise | American Water Works Company, Inc. Quote
Earnings ESP: The company’s Earnings ESP is +1.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: American Water currently has a Zacks Rank #3.
Other Stocks to Consider
Here are a few other companies worth considering from the same sector that too have the right combination of elements to beat on earnings in the upcoming releases.
Eversource Energy ES is likely to come up with an earnings beat when it reports first-quarter 2022 results on May 5. It has an Earnings ESP of +0.80% and a Zacks Rank of 3, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Eversource Energy’s long-term (three to five years) earnings growth is currently pegged at 6.2%. The Zacks Consensus Estimate for ES’ 2022 EPS indicates 6.2% year-over-year growth.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter 2022 results on May 5. It has an Earnings ESP of +0.86% and a Zacks Rank of 3, currently.
Dominion Energy’s long-term earnings growth is currently pegged at 6%. The Zacks Consensus Estimate for Dominion’s 2022 EPS suggests a 6.7% year-over-year increase.
BCE Inc. BCE is likely to come up with an earnings beat when it reports first-quarter 2022 results on May 5. It has an Earnings ESP of +3.14% and a Zacks Rank of 3, currently.
BCE ’s long-term earnings growth is currently pegged at 4.5%. The Zacks Consensus Estimate for BCE’s 2022 EPS implies a 4% year-over-year rise.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dominion Energy Inc. (D): Free Stock Analysis Report
BCE, Inc. (BCE): Free Stock Analysis Report
American Water Works Company, Inc. (AWK): Free Stock Analysis Report
Eversource Energy (ES): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The ongoing addition in customer volume due to acquisitions and organic means is likely to have increased the demand for water and wastewater services as well as boosted earnings in the first quarter. Expectations The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 75 cents per share, indicating year-over-year growth of 2.7% from the year-ago reported figure. The Zacks Consensus Estimate for first-quarter revenues is pegged at $872 million, indicating a year-over-year decline of 1.8% from the year-ago reported figure.
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Expectations The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 75 cents per share, indicating year-over-year growth of 2.7% from the year-ago reported figure. American Water Works Company, Inc. Price and EPS Surprise American Water Works Company, Inc. price-eps-surprise | American Water Works Company, Inc. Quote Earnings ESP: The company’s Earnings ESP is +1.00%. In the last reported quarter, the company delivered a negative earnings surprise of 1.2%.
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Expectations The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 75 cents per share, indicating year-over-year growth of 2.7% from the year-ago reported figure. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. American Water Works Company, Inc. Price and EPS Surprise American Water Works Company, Inc. price-eps-surprise | American Water Works Company, Inc. Quote Earnings ESP: The company’s Earnings ESP is +1.00%.
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American Water Works Company, Inc. Price and EPS Surprise American Water Works Company, Inc. price-eps-surprise | American Water Works Company, Inc. Quote Earnings ESP: The company’s Earnings ESP is +1.00%. Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter 2022 results on May 5. In the last reported quarter, the company delivered a negative earnings surprise of 1.2%.
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2022-04-22 00:00:00 UTC
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What's in Store for American Electric (AEP) in Q1 Earnings?
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American Electric Power Company, Inc. AEP is slated to release its first-quarter 2022 results on Apr 28 before the opening bell.
In the last reported quarter, the company delivered a negative earnings surprise of 4.26%. American Electric has a trailing four-quarter earnings surprise of 0.15%, on average.
Factors to Note
During most of the first quarter, AEP’s service territories observed mixed weather patterns. While some parts observed cooler-than-normal temperatures along with slight snowfall, other parts had warm weather and extreme drought conditions. Additionally, some parts of its service territories experienced significant precipitation levels, resulting in wet weather conditions.
Also, some parts of its service territories experienced severe weather conditions, along with tornadoes, which may have disrupted the smooth flow of electricity to its customers. Such fluctuating weather patterns are likely to have caused a mixed impact on the company’s overall revenue performance in the to-be-reported quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $4.52 billion, suggesting growth of 5.5% from the year-ago quarter.
As discussed above, American Electric’s service territories witnessed severe weather patterns, accompanied by wind gusts and tornados in the first quarter, which may have caused infrastructural damage, thus increasing the company’s operating expenses for restoration and repairing. This, in turn, is likely to have weighed on its bottom line in the to-be-reported quarter.
However, lower net interest expenses and property taxes related to increased investment levels may have aided the company’s earnings performance in the first quarter.
The Zacks Consensus Estimate for first-quarter earningsis pegged at $1.19 per share, indicating growth of 3.5% from the prior-year reported figure.
American Electric Power Company, Inc. Price and EPS Surprise
American Electric Power Company, Inc. price-eps-surprise | American Electric Power Company, Inc. Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for American Electric this time. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Earnings ESP: The company’s Earnings ESP is -0.07%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AEP carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are three Utilityplayers you may want to consider as these have the right combination of elements to post an earnings beat this season:
PG&E Corporation PCGhas an Earnings ESP of +1.96% and a Zacks Rank #3.
PG&E boasts a long-term earnings growth rate of 2.5%. The Zacks Consensus Estimate for PCG’s first-quarter sales and earnings is pegged at $4.97 billion and 26 cents per share, respectively.
Dominion EnergyD has an Earnings ESP of +0.86% and a Zacks Rank #3. The Zacks Consensus Estimate for its first-quarter earnings, pegged at $1.17 per share, implies growth of 7.3% from the prior-year quarter’s tally.
Dominion Energy boasts a long-term earnings growth rate of 6.1%. D has a four-quarter earnings surprise of 1.09%.
Edison InternationalEIX has an Earnings ESP of +13.71% and a Zacks Rank #3. The Zacks Consensus Estimate for its first-quarter earnings is pegged at 66 cents per share.
Edison boasts a long-term earnings growth rate of 3.9%. EIX has a four-quarter earnings surprise of 1.35%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Edison International (EIX): Free Stock Analysis Report
Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report
American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, some parts of its service territories experienced severe weather conditions, along with tornadoes, which may have disrupted the smooth flow of electricity to its customers. As discussed above, American Electric’s service territories witnessed severe weather patterns, accompanied by wind gusts and tornados in the first quarter, which may have caused infrastructural damage, thus increasing the company’s operating expenses for restoration and repairing. However, lower net interest expenses and property taxes related to increased investment levels may have aided the company’s earnings performance in the first quarter.
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Factors to Note During most of the first quarter, AEP’s service territories observed mixed weather patterns. American Electric Power Company, Inc. Price and EPS Surprise American Electric Power Company, Inc. price-eps-surprise | American Electric Power Company, Inc. Quote What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for American Electric this time. American Electric Power Company, Inc. AEP is slated to release its first-quarter 2022 results on Apr 28 before the opening bell.
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American Electric Power Company, Inc. Price and EPS Surprise American Electric Power Company, Inc. price-eps-surprise | American Electric Power Company, Inc. Quote What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for American Electric this time. Stocks to Consider Here are three Utilityplayers you may want to consider as these have the right combination of elements to post an earnings beat this season: PG&E Corporation PCGhas an Earnings ESP of +1.96% and a Zacks Rank #3. American Electric Power Company, Inc. AEP is slated to release its first-quarter 2022 results on Apr 28 before the opening bell.
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Want the latest recommendations from Zacks Investment Research? American Electric Power Company, Inc. AEP is slated to release its first-quarter 2022 results on Apr 28 before the opening bell. In the last reported quarter, the company delivered a negative earnings surprise of 4.26%.
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698760.0
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2022-04-22 00:00:00 UTC
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Xcel Energy (XEL) to Report Q1 Earnings: What's in the Offing?
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https://www.nasdaq.com/articles/xcel-energy-xel-to-report-q1-earnings%3A-whats-in-the-offing
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Xcel Energy Inc. XEL is scheduled to release first-quarter 2022 earnings on Apr 28 before market open. Xcel Energy posted operating earnings of 58 cents per share in the last reported quarter, on par with the Zacks Consensus Estimate.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
An expanding customer base and the approval for an interim rate increase for electric and natural gas customers are likely to have boosted revenues in the first quarter. The completion of four wind farms, which added 800 megawatts of owned wind capacity, and the installation of more than 300,000 smart meters as part of the advanced grid program are likely to have increased financial margins in the first quarter.
First-quarter results are likely to be impacted by an increase in the operating and maintenance expenses by 1% to 2%, driven by wind farm additions, increased spending on electric vehicle programs and other customer initiatives.
Expectation
The Zacks Consensus Estimate for first-quarter earnings is pegged at 69 cents per share, indicating a 3% rise from the year-ago reported figure.
The Zacks Consensus Estimate for first-quarter sales is pegged at $3.57 billion, suggesting growth of 0.9% from the year-ago reported figure.
What the Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for XEL this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here as you will see below.
Xcel Energy Inc. Price and EPS Surprise
Xcel Energy Inc. price-eps-surprise | Xcel Energy Inc. Quote
Earnings ESP: Xcel Energy has an Earnings ESP of -1.45%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Xcel Energy carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry who have the right combination of elements to beat earnings in the upcoming releases.
Eversource Energy ES is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Eversource Energy has an Earnings ESP of +0.80% and carries a Zacks Rank #3 at present. ES’ long-term (three to five years) earnings growth is projected at 6.2%.
Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.85% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.
Algonquin Power & Utilities AQN is likely to come up with an earnings beat when it reports first-quarter results on May 12 after market close. Algonquin Power & Utilities has an Earnings ESP of +20.43% and carries a Zacks Rank #2 at present. AQN’s long-term earnings growth is projected at 8.7%.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xcel Energy Inc. (XEL): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Eversource Energy (ES): Free Stock Analysis Report
Algonquin Power & Utilities Corp. (AQN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Xcel Energy posted operating earnings of 58 cents per share in the last reported quarter, on par with the Zacks Consensus Estimate. Expectation The Zacks Consensus Estimate for first-quarter earnings is pegged at 69 cents per share, indicating a 3% rise from the year-ago reported figure. The Zacks Consensus Estimate for first-quarter sales is pegged at $3.57 billion, suggesting growth of 0.9% from the year-ago reported figure.
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Xcel Energy Inc. Price and EPS Surprise Xcel Energy Inc. price-eps-surprise | Xcel Energy Inc. Quote Earnings ESP: Xcel Energy has an Earnings ESP of -1.45%. Xcel Energy Inc. XEL is scheduled to release first-quarter 2022 earnings on Apr 28 before market open. Xcel Energy posted operating earnings of 58 cents per share in the last reported quarter, on par with the Zacks Consensus Estimate.
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Xcel Energy posted operating earnings of 58 cents per share in the last reported quarter, on par with the Zacks Consensus Estimate. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here as you will see below. Xcel Energy Inc. Price and EPS Surprise Xcel Energy Inc. price-eps-surprise | Xcel Energy Inc. Quote Earnings ESP: Xcel Energy has an Earnings ESP of -1.45%.
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You can see the complete list of today’s Zacks #1 Rank stocks here. ES’ long-term (three to five years) earnings growth is projected at 6.2%. Xcel Energy Inc. XEL is scheduled to release first-quarter 2022 earnings on Apr 28 before market open.
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2022-04-22 00:00:00 UTC
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What's in Store for American Electric (AEP) in Q1 Earnings?
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American Electric Power Company, Inc AEP is slated to release its first-quarter 2022 results on Apr 28 before the opening bell.
In the last reported quarter, the company delivered a negative earnings surprise of 4.26%. American Electric has a trailing four-quarter earnings surprise of 0.15%, on average.
Factors to Note
During most of the first quarter, AEP’s service territories observed mixed weather patterns. While some parts observed cooler-than-normal temperatures along with slight snowfall, other parts had warm weather and extreme drought conditions. Additionally, some parts of its service territories experienced significant precipitation levels, resulting in wet weather conditions.
Also, some parts of its service territories experienced severe weather conditions, along with tornadoes, which may have disrupted the smooth flow of electricity to its customers. Such fluctuating weather patterns are likely to have caused a mixed impact on the company’s overall revenue performance in the to-be-reported quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $4.52 billion, suggesting growth of 5.5% from the year-ago quarter.
As discussed above, American Electric’s service territories witnessed severe weather patterns, accompanied by wind gusts and tornados in the first quarter, which may have caused infrastructural damage, thus increasing the company’s operating expenses for restoration and repairing. This, in turn, is likely to have weighed on its bottom line in the to-be-reported quarter.
However, lower net interest expenses and property taxes related to increased investment levels may have aided the company’s earnings performance in the first quarter.
The Zacks Consensus Estimate for first-quarter earningsis pegged at $1.19 per share, indicating growth of 3.5% from the prior-year reported figure.
American Electric Power Company, Inc. Price and EPS Surprise
American Electric Power Company, Inc. price-eps-surprise | American Electric Power Company, Inc. Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for American Electric this time. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Earnings ESP: The company’s Earnings ESP is -0.07%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AEP carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are three Utilityplayers you may want to consider as these have the right combination of elements to post an earnings beat this season:
PG&E Corporation PCG has an Earnings ESP of +1.96% and a Zacks Rank #3.
PG&Eboasts a long-term earnings growth rate of 2.5%. The Zacks Consensus Estimate for PCG’s first-quarter sales and earnings is pegged at $4.97 billion and 26 cents per share, respectively.
Dominion EnergyD has an Earnings ESP of +0.86% and a Zacks Rank #3. The Zacks Consensus Estimate for its first-quarter earnings, pegged at $1.17 per share, implies growth of 7.3% from the prior-year quarter’s tally.
Dominion Energy boasts a long-term earnings growth rate of 6.1%. D has a four-quarter earnings surprise of 1.09%.
Edison International EIX has an Earnings ESP of +13.71% and a Zacks Rank #3. The Zacks Consensus Estimate for its first-quarter earnings is pegged at 66 cents per share.
Edison boasts a long-term earnings growth rate of 3.9%. EIX has a four-quarter earnings surprise of 1.35%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Edison International (EIX): Free Stock Analysis Report
Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report
American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, some parts of its service territories experienced severe weather conditions, along with tornadoes, which may have disrupted the smooth flow of electricity to its customers. As discussed above, American Electric’s service territories witnessed severe weather patterns, accompanied by wind gusts and tornados in the first quarter, which may have caused infrastructural damage, thus increasing the company’s operating expenses for restoration and repairing. However, lower net interest expenses and property taxes related to increased investment levels may have aided the company’s earnings performance in the first quarter.
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Factors to Note During most of the first quarter, AEP’s service territories observed mixed weather patterns. American Electric Power Company, Inc. Price and EPS Surprise American Electric Power Company, Inc. price-eps-surprise | American Electric Power Company, Inc. Quote What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for American Electric this time. American Electric Power Company, Inc AEP is slated to release its first-quarter 2022 results on Apr 28 before the opening bell.
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American Electric Power Company, Inc. Price and EPS Surprise American Electric Power Company, Inc. price-eps-surprise | American Electric Power Company, Inc. Quote What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for American Electric this time. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here. Stocks to Consider Here are three Utilityplayers you may want to consider as these have the right combination of elements to post an earnings beat this season: PG&E Corporation PCG has an Earnings ESP of +1.96% and a Zacks Rank #3.
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Such fluctuating weather patterns are likely to have caused a mixed impact on the company’s overall revenue performance in the to-be-reported quarter. American Electric Power Company, Inc AEP is slated to release its first-quarter 2022 results on Apr 28 before the opening bell. In the last reported quarter, the company delivered a negative earnings surprise of 4.26%.
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698762.0
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2022-04-21 00:00:00 UTC
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NextEra (NEE) Q1 Earnings Beat Estimates, Revenues Miss
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https://www.nasdaq.com/articles/nextera-nee-q1-earnings-beat-estimates-revenues-miss
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NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%. The bottom line was also up 10.5% from the prior-year quarter. This year-over-year improvement was owing to the solid performance of Florida Power & Light Company along with the expansion of its customer base.
GAAP loss for the first quarter was 23 cents against earnings per share of 84 cents in the year-ago period.
Total Revenues
For the first quarter, NextEra’s operating revenues were $2,890 million, which lagged the Zacks Consensus Estimate of $5,178 million by 44.2%. The top line also decreased 22.4% year over year.
NextEra Energy, Inc. Price, Consensus and EPS Surprise
NextEra Energy, Inc. price-consensus-eps-surprise-chart | NextEra Energy, Inc. Quote
Segment Results
Florida Power & Light Company (FPL): Revenues amounted to $3,712 million, up 25% from the prior-year figure of $2,970 million. Segmental earnings came in at 44 cents per share compared with 39 cents recorded a year ago.
NextEra Energy Resources: Earnings came in at 32 cents per share compared with 30 cents in the year-ago quarter.
Corporate and Other: Operating loss for the reported quarter was 2 cents per share, on par with the year-ago period.
Highlights of the Release
During the quarter, FPL placed in service nearly 450 megawatts (MW) of additional cost-effective solar projects to be recovered through base rates, as part of its new four-year settlement agreement that became effective on Jan 1, 2022. FPL’s North Florida Resiliency Connection and 1,200-MW Dania Beach Clean Energy Center are progressing well for completion later this year.
Courtesy of Florida’s ongoing economic improvement, FPL's average number of customers in first-quarter 2022 increased nearly 91,000 from the prior-year period.
NextEra Energy Resources expanded the contracted renewables backlog by adding 1,770 MW of renewable projects during first-quarter 2022. NextEra Energy Resources' backlog additions also include nearly 440 MW of solar projects and 130 MW of battery storage projects.
Financial Update
The company had cash and cash equivalents of $1,477 million as of Mar 31, 2022 compared with $639 million on Dec 31, 2021.
Long-term debt as of Mar 31, 2022 was $50.97 billion, up from $50.96 billion on Dec 31, 2021.
Cash flow from operating activities for the first three months of 2022 was $1,962 million compared with $1,292 million in the comparable prior-year period.
Guidance
NextEra reiterated its 2022 earnings expectation in the range of $2.75-$2.85 per share. The midpoint of the range is $2.80 per share, lower than the Zacks Consensus Estimate of $2.82.
For 2023, NextEra Energy maintained earnings per share expectation in the range of $2.93-$3.08. For 2023 through 2025, NextEra Energy expects earnings per share to grow 6-8% per year, off the expected increased 2022 adjusted earnings per share.
The company’s unit, Energy Resources currently aims to add 22,675-30,000 MW of renewable power projects to its portfolio within the 2021-2024 time frame.
Zacks Rank
Currently, NextEra carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Xcel Energy XEL is scheduled to announce first-quarter 2022 results on Apr 28. The Zacks Consensus Estimate for earnings per share is pegged at 69 cents.
Xcel Energy’s long-term (three to five years) earnings growth is 6.4%. The Zacks Consensus Estimate for 2022 earnings per share indicates year-over-year growth of 7.4%.
Dominion Energy D is scheduled to announce first-quarter 2022 results on May 5. The Zacks Consensus Estimate for earnings is pegged at $1.17 per share.
Dominion’s long-term earnings growth is projected at 6%. The Zacks Consensus Estimate for 2022 earnings per share suggests year-over-year growth of 6.7%.
Duke Energy DUK is set to release first-quarter 2022 results on May 9. The Zacks Consensus Estimate for earnings per share is pegged at $1.37.
Duke Energy’s long-term earnings growth is projected at 6.2%. The Zacks Consensus Estimate for 2022 earnings per share indicates year-over-year growth of 4.4%.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xcel Energy Inc. (XEL): Free Stock Analysis Report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Duke Energy Corporation (DUK): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Highlights of the Release During the quarter, FPL placed in service nearly 450 megawatts (MW) of additional cost-effective solar projects to be recovered through base rates, as part of its new four-year settlement agreement that became effective on Jan 1, 2022. FPL’s North Florida Resiliency Connection and 1,200-MW Dania Beach Clean Energy Center are progressing well for completion later this year. Courtesy of Florida’s ongoing economic improvement, FPL's average number of customers in first-quarter 2022 increased nearly 91,000 from the prior-year period.
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NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%. NextEra Energy, Inc. Price, Consensus and EPS Surprise NextEra Energy, Inc. price-consensus-eps-surprise-chart | NextEra Energy, Inc. Quote Segment Results Florida Power & Light Company (FPL): Revenues amounted to $3,712 million, up 25% from the prior-year figure of $2,970 million. Duke Energy Corporation (DUK): Free Stock Analysis Report
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NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%. NextEra Energy, Inc. Price, Consensus and EPS Surprise NextEra Energy, Inc. price-consensus-eps-surprise-chart | NextEra Energy, Inc. Quote Segment Results Florida Power & Light Company (FPL): Revenues amounted to $3,712 million, up 25% from the prior-year figure of $2,970 million. For 2023 through 2025, NextEra Energy expects earnings per share to grow 6-8% per year, off the expected increased 2022 adjusted earnings per share.
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NextEra Energy, Inc. NEE reported first-quarter 2022 adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 69 cents by 7.3%. NextEra Energy Resources: Earnings came in at 32 cents per share compared with 30 cents in the year-ago quarter. This year-over-year improvement was owing to the solid performance of Florida Power & Light Company along with the expansion of its customer base.
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698763.0
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2022-04-19 00:00:00 UTC
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FirstEnergy (FE) to Report Q1 Earnings: What's in the Cards?
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https://www.nasdaq.com/articles/firstenergy-fe-to-report-q1-earnings%3A-whats-in-the-cards
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FirstEnergy Corporation FE is slated to release first-quarter 2022 results on Apr 21 after the market closes. The firm delivered a negative earnings surprise of 1.9% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
FirstEnergy’s first-quarter earnings are likely to have benefited from the ongoing cost management initiatives, which, in turn, are expected to have reduced operating and maintenance expenses. Higher demand from the Commercial and Industrial group is expected to have boosted first-quarter earnings.
Expectations
FirstEnergy expects first-quarter earnings in the range of 55-65 cents per share. The Zacks Consensus Estimate for first-quarter earnings is pegged at 60 cents per share, which indicates a decline of 13.04% from the year-ago reported figure.
The Zacks Consensus Estimate for first-quarter sales stands at $2.78 billion, suggesting growth of 1.8% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict earnings beat for FE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
FirstEnergy Corporation Price and EPS Surprise
FirstEnergy Corporation price-eps-surprise | FirstEnergy Corporation Quote
Earnings ESP: FirstEnergy has an Earnings ESP of -5.52%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, FirstEnergy carries a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings this reporting cycle.
DTE Energy DTE is set to release first-quarter 2022 results on Apr 28. DTE has an Earnings ESP of +15.71% and a Zacks Rank #3.
The long-term (three to five years) earnings growth of DTE Energy is projected at 6%. The Zacks Consensus Estimate for 2022 earnings of DTE Energy is $5.94 per share, which indicates growth of 0.2% from the prior-year quarter.
Edison International EIX is set to release first-quarter 2022 results on May 3. EIX has an Earnings ESP of +8.94% and a Zacks Rank #3.
The long-term earnings growth of Edison International is projected at 3.9%. The Zacks Consensus Estimate for 2022 earnings of Edison International is $4.43 per share, which indicates 0.5% growth from the year-ago quarter.
Dominion Energy D is set to release first-quarter 2022 results on May 5. D has an Earnings ESP of +1.07% and a Zacks Rank #3.
The long-term earnings growth of Dominion Energy is projected at 6%. The Zacks Consensus Estimate for 2022 earnings of Dominion Energy is $4.12 per share, which indicates 0.2% year-over-year growth.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Edison International (EIX): Free Stock Analysis Report
FirstEnergy Corporation (FE): Free Stock Analysis Report
DTE Energy Company (DTE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Consider FirstEnergy’s first-quarter earnings are likely to have benefited from the ongoing cost management initiatives, which, in turn, are expected to have reduced operating and maintenance expenses. The Zacks Consensus Estimate for first-quarter earnings is pegged at 60 cents per share, which indicates a decline of 13.04% from the year-ago reported figure. The Zacks Consensus Estimate for first-quarter sales stands at $2.78 billion, suggesting growth of 1.8% from the year-ago reported figure.
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FirstEnergy Corporation Price and EPS Surprise FirstEnergy Corporation price-eps-surprise | FirstEnergy Corporation Quote Earnings ESP: FirstEnergy has an Earnings ESP of -5.52%. Edison International (EIX): Free Stock Analysis Report FirstEnergy Corporation FE is slated to release first-quarter 2022 results on Apr 21 after the market closes.
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The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below. FirstEnergy Corporation Price and EPS Surprise FirstEnergy Corporation price-eps-surprise | FirstEnergy Corporation Quote Earnings ESP: FirstEnergy has an Earnings ESP of -5.52%. The Zacks Consensus Estimate for 2022 earnings of DTE Energy is $5.94 per share, which indicates growth of 0.2% from the prior-year quarter.
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The Zacks Consensus Estimate for 2022 earnings of DTE Energy is $5.94 per share, which indicates growth of 0.2% from the prior-year quarter. The Zacks Consensus Estimate for 2022 earnings of Edison International is $4.43 per share, which indicates 0.5% growth from the year-ago quarter. FirstEnergy Corporation FE is slated to release first-quarter 2022 results on Apr 21 after the market closes.
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698764.0
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2022-04-18 00:00:00 UTC
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NextEra Energy (NEE) to Report Q1 Earnings: What's in Store?
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https://www.nasdaq.com/articles/nextera-energy-nee-to-report-q1-earnings%3A-whats-in-store
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NextEra Energy, Inc. NEE is scheduled to release first-quarter 2022 results on Apr 21, before the market opens. This utility delivered an earnings surprise of 2.5% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
NextEra Energy’s first-quarter performance will likely reflect the benefits from an improvement in Florida’s economic conditions. NEE is expected to have benefited from the rate base settlement approved by the Florida Public Service Commission.
The expected increase in the Florida Power and Light arm’s customer base in the first quarter is expected to have boosted NextEra Energy’s performance. Smart investment in Gulf Power is likely to have lowered non-operating costs by a huge volume, thereby improving the reliability of operations and margins.
In fourth-quarter 2021, NextEra Energy’s management extended NEE’s debt maturity profile by more than six years, which in turn is expected to generate $30 million after-tax reduction in annual interest expense. This is expected to have boosted first-quarter earnings.
Expectations
The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 68 cents per share and $5.2 billion, respectively. Earnings per share and revenue estimates indicate year-over-year growth of 1.49% and 39.64%, respectively.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for NextEra Energy this time around. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates.
NextEra Energy, Inc. Price and EPS Surprise
NextEra Energy, Inc. price-eps-surprise | NextEra Energy, Inc. Quote
Earnings ESP: The company’s Earnings ESP is -2.09%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NextEra Energy carries a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings this reporting cycle.
DTE Energy DTE is set to release first-quarter 2022 results on Apr 28. DTE has an Earnings ESP of +15.71% and a Zacks Rank #3.
The long-term (three to five years) earnings growth of DTE Energy is projected at 6%. The Zacks Consensus Estimate for 2022 earnings of DTE Energy is $5.94 per share, which indicates growth of 0.2% in the past 60 days.
Edison International EIX is set to release first-quarter 2022 results on May 3. EIX has an Earnings ESP of +8.94% and a Zacks Rank #3.
The long-term earnings growth of Edison International is projected at 3.9%. The Zacks Consensus Estimate for 2022 earnings of Edison International is $4.43 per share, which indicates 0.5% growth in the past 30 days.
Dominion Energy D is set to release first-quarter 2022 results on May 5. D has an Earnings ESP of +1.07% and a Zacks Rank #3.
The long-term earnings growth of Dominion Energy is projected at 6%. The Zacks Consensus Estimate for 2022 earnings of Dominion Energy is $4.12 per share, which indicates 0.2% growth in the past 30 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Edison International (EIX): Free Stock Analysis Report
DTE Energy Company (DTE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Factors to Note NextEra Energy’s first-quarter performance will likely reflect the benefits from an improvement in Florida’s economic conditions. Smart investment in Gulf Power is likely to have lowered non-operating costs by a huge volume, thereby improving the reliability of operations and margins. In fourth-quarter 2021, NextEra Energy’s management extended NEE’s debt maturity profile by more than six years, which in turn is expected to generate $30 million after-tax reduction in annual interest expense.
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NextEra Energy, Inc. Price and EPS Surprise NextEra Energy, Inc. price-eps-surprise | NextEra Energy, Inc. Quote Earnings ESP: The company’s Earnings ESP is -2.09%. DTE Energy Company (DTE): Free Stock Analysis Report NextEra Energy, Inc. NEE is scheduled to release first-quarter 2022 results on Apr 21, before the market opens.
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NextEra Energy, Inc. Price and EPS Surprise NextEra Energy, Inc. price-eps-surprise | NextEra Energy, Inc. Quote Earnings ESP: The company’s Earnings ESP is -2.09%. The Zacks Consensus Estimate for 2022 earnings of DTE Energy is $5.94 per share, which indicates growth of 0.2% in the past 60 days. The Zacks Consensus Estimate for 2022 earnings of Dominion Energy is $4.12 per share, which indicates 0.2% growth in the past 30 days.
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NextEra Energy, Inc. Price and EPS Surprise NextEra Energy, Inc. price-eps-surprise | NextEra Energy, Inc. Quote Earnings ESP: The company’s Earnings ESP is -2.09%. The long-term (three to five years) earnings growth of DTE Energy is projected at 6%. NextEra Energy, Inc. NEE is scheduled to release first-quarter 2022 results on Apr 21, before the market opens.
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698765.0
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2022-04-12 00:00:00 UTC
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LGLV, KMB, CL, D: ETF Outflow Alert
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https://www.nasdaq.com/articles/lglv-kmb-cl-d%3A-etf-outflow-alert
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR SSGA US Large Cap Low Volatility Index ETF (Symbol: LGLV) where we have detected an approximate $137.3 million dollar outflow -- that's a 17.6% decrease week over week (from 5,390,000 to 4,440,000). Among the largest underlying components of LGLV, in trading today Kimberly-Clark Corp. (Symbol: KMB) is down about 0.3%, Colgate-Palmolive Co. (Symbol: CL) is trading flat, and Dominion Energy Inc (Symbol: D) is lower by about 0.2%. For a complete list of holdings, visit the LGLV Holdings page » The chart below shows the one year price performance of LGLV, versus its 200 day moving average:
Looking at the chart above, LGLV's low point in its 52 week range is $128.98 per share, with $151.10 as the 52 week high point — that compares with a last trade of $144.97. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the LGLV Holdings page » The chart below shows the one year price performance of LGLV, versus its 200 day moving average: Looking at the chart above, LGLV's low point in its 52 week range is $128.98 per share, with $151.10 as the 52 week high point — that compares with a last trade of $144.97. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the LGLV Holdings page » The chart below shows the one year price performance of LGLV, versus its 200 day moving average: Looking at the chart above, LGLV's low point in its 52 week range is $128.98 per share, with $151.10 as the 52 week high point — that compares with a last trade of $144.97. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR SSGA US Large Cap Low Volatility Index ETF (Symbol: LGLV) where we have detected an approximate $137.3 million dollar outflow -- that's a 17.6% decrease week over week (from 5,390,000 to 4,440,000). For a complete list of holdings, visit the LGLV Holdings page » The chart below shows the one year price performance of LGLV, versus its 200 day moving average: Looking at the chart above, LGLV's low point in its 52 week range is $128.98 per share, with $151.10 as the 52 week high point — that compares with a last trade of $144.97. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the LGLV Holdings page » The chart below shows the one year price performance of LGLV, versus its 200 day moving average: Looking at the chart above, LGLV's low point in its 52 week range is $128.98 per share, with $151.10 as the 52 week high point — that compares with a last trade of $144.97. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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698766.0
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2022-04-11 00:00:00 UTC
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Dominion Energy Inc Shares Near 52-Week High - Market Mover
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https://www.nasdaq.com/articles/dominion-energy-inc-shares-near-52-week-high-market-mover-4
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Dominion Energy Inc (D) shares closed today at 1.6% below its 52 week high of $88.78, giving the company a market cap of $70B. The stock is currently up 12.3% year-to-date, up 18.6% over the past 12 months, and up 37.3% over the past five years. This week, the Dow Jones Industrial Average fell 1.7%, and the S&P 500 fell 3.7%.
Trading Activity
Trading volume this week was 11.3% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.2.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -16.4%
The company's stock price performance over the past 12 months lags the peer average by -40.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 16.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc (D) shares closed today at 1.6% below its 52 week high of $88.78, giving the company a market cap of $70B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.2. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -16.4% The company's stock price performance over the past 12 months lags the peer average by -40.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 16.5% higher than the average peer.
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Dominion Energy Inc (D) shares closed today at 1.6% below its 52 week high of $88.78, giving the company a market cap of $70B. This week, the Dow Jones Industrial Average fell 1.7%, and the S&P 500 fell 3.7%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -16.4% The company's stock price performance over the past 12 months lags the peer average by -40.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 16.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -16.4% The company's stock price performance over the past 12 months lags the peer average by -40.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 16.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average fell 1.7%, and the S&P 500 fell 3.7%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -16.4% The company's stock price performance over the past 12 months lags the peer average by -40.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 16.5% higher than the average peer.
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698767.0
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2022-04-07 00:00:00 UTC
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Dominion Energy Reaches Analyst Target Price
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https://www.nasdaq.com/articles/dominion-energy-reaches-analyst-target-price
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In recent trading, shares of Dominion Energy Inc (Symbol: D) have crossed above the average analyst 12-month target price of $87.33, changing hands for $87.84/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 9 different analyst targets within the Zacks coverage universe contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $73.00. And then on the other side of the spectrum one analyst has a target as high as $98.00. The standard deviation is $6.928.
But the whole reason to look at the average D price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with D crossing above that average target price of $87.33/share, investors in D have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $87.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dominion Energy Inc :
RECENT D ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 6 6 6 8
Buy ratings: 0 0 0 0
Hold ratings: 4 4 4 3
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.8 1.8 1.8 1.55
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on D — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Dominion Energy Inc (Symbol: D) have crossed above the average analyst 12-month target price of $87.33, changing hands for $87.84/share. And so with D crossing above that average target price of $87.33/share, investors in D have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $87.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dominion Energy Inc :
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In recent trading, shares of Dominion Energy Inc (Symbol: D) have crossed above the average analyst 12-month target price of $87.33, changing hands for $87.84/share. There are 9 different analyst targets within the Zacks coverage universe contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 6 6 6 8 Buy ratings: 0 0 0 0 Hold ratings: 4 4 4 3 Sell ratings: 0 0 0 0 Strong sell ratings: 0 0 0 0 Average rating: 1.8 1.8 1.8 1.55 The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell.
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When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. There are 9 different analyst targets within the Zacks coverage universe contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 6 6 6 8 Buy ratings: 0 0 0 0 Hold ratings: 4 4 4 3 Sell ratings: 0 0 0 0 Strong sell ratings: 0 0 0 0 Average rating: 1.8 1.8 1.8 1.55 The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell.
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When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 9 different analyst targets within the Zacks coverage universe contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average.
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698768.0
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2022-03-31 00:00:00 UTC
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Sempra (SRE) Arm to Install 240 EV Chargers, Boost E-fleet
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https://www.nasdaq.com/articles/sempra-sre-arm-to-install-240-ev-chargers-boost-e-fleet
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Sempra Energy’s SRE subsidiary, Southern California Gas Co. (SoCalGas),recently pledged to install 240 electric vehicle (EV) chargers at nine of its locations in 2022 and 67 EV chargersat its facilities by the end of 2024. Further, SoCalGasaims at installing a total of 1,500 new chargers over the period of next three years, including the 67chargers mentioned above.
Moreover, SoCalGas aspires to replace 50% of its over-the-road fleet with clean fuel vehicles by 2025 and operate a 100% zero-emission fleet by 2035.Considering the rapid growth trends of the EV market, the aforementioned targets set by SoCalGas will boost Sempra Energy’s position in the clean energy space.
EV Initiatives by SoCalGas
To boost its e-fleet, SoCalGas intends to apply for Southern California Edison’s (SCE) Charge Ready program. As part of the program, SoCalGas can avail assistance from SCE in infrastructure development for EV charging stations.
Further, to scale up its zero-emission vehicle infrastructure, SoCalGas bought 50 Toyota Mirai hydrogen fuel cell vehicles, thus becoming the first and foremost utility in the country to switch to hydrogen-powered vehicles. Also, in 2021, SoCalGas revealed its plan to convert 200 new Ford F-250 service pickup trucks to run on renewable natural gas.Going forward, SoCalGas also intends to buy the Ford F-150 Lightning electric vehicle to further boost its aim of clean commuting.
All these initiatives, including its latest pledge to install EV chargers, will support SoCalGas in dulyachieving its target to attainnet-zero greenhouse gas emissions in its operations and deliver clean energy by 2045.
Utilities’ Prospects in EV Charging Station Space
The increased penetration of the EV market will spur the requirement for EV charging stations.In this context, it is imperative to mention that in December 2021, The Biden-Harris Administration issued an action plan, which included a $5 billion fund for the EV charging network in the United States. Biden’s plan also highlights the goal of having 500,000 EV charging stations by 2030.
Hence, utility companies like SRE that are capable of constructing safe and reliable charging ports must benefit from the rapid development of EV charging infrastructure in the country. Utilities that have been taking significant initiatives in developing the nation’s EV charging stations are Duke Energy DUK, Dominion Energy D and CMS Energy CMS.
Duke Energy, as part of its Park and Plug program,installed 34 fast chargers at 17 locations across Indiana to provide a foundational level of EV infrastructure and facilitate EV market growth. Duke Energy’s efforts are part of a larger statewide network, partially funded by the Indiana Volkswagen Beneficiary Mitigation Trust to install 61 new EV charging locations.
Duke Energy boasts a long-term earnings growth rate of 6.1%. Shares of DUK have rallied 15.8% in the past year.
Dominion Energy’s Smart Charging Infrastructure Pilot Program provides rebates for qualifying EV charging stations, charging infrastructure and installation, commonly referred to as “make-ready,” and network fees.
The long-term earnings growth rate for Dominion Energy stands at 6.6%. Shares of D have rallied 12.9% in the past year.
In February 2022, CMS Energy, as part of its commitment to power one million EVs in the communities it serves by 2030, announced 200 new EV charging stations across Michigan, including 100 fast chargers by the end of next year.
CMS Energy boasts a long-term earnings growth rate of 9.2%. CMS shares have rallied 14.7% in the past year.
Price Movement
In the past year, shares of Sempra Energy have rallied 27.5% compared with the industry’s growth of 14.5%.
Image Source: Zacks Investment Research
Zacks Rank
Sempra Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Sempra Energy (SRE): Free Stock Analysis Report
Duke Energy Corporation (DUK): Free Stock Analysis Report
CMS Energy Corporation (CMS): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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All these initiatives, including its latest pledge to install EV chargers, will support SoCalGas in dulyachieving its target to attainnet-zero greenhouse gas emissions in its operations and deliver clean energy by 2045. Duke Energy’s efforts are part of a larger statewide network, partially funded by the Indiana Volkswagen Beneficiary Mitigation Trust to install 61 new EV charging locations. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Sempra Energy’s SRE subsidiary, Southern California Gas Co. (SoCalGas),recently pledged to install 240 electric vehicle (EV) chargers at nine of its locations in 2022 and 67 EV chargersat its facilities by the end of 2024. Moreover, SoCalGas aspires to replace 50% of its over-the-road fleet with clean fuel vehicles by 2025 and operate a 100% zero-emission fleet by 2035.Considering the rapid growth trends of the EV market, the aforementioned targets set by SoCalGas will boost Sempra Energy’s position in the clean energy space. Utilities that have been taking significant initiatives in developing the nation’s EV charging stations are Duke Energy DUK, Dominion Energy D and CMS Energy CMS.
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Moreover, SoCalGas aspires to replace 50% of its over-the-road fleet with clean fuel vehicles by 2025 and operate a 100% zero-emission fleet by 2035.Considering the rapid growth trends of the EV market, the aforementioned targets set by SoCalGas will boost Sempra Energy’s position in the clean energy space. Utilities’ Prospects in EV Charging Station Space The increased penetration of the EV market will spur the requirement for EV charging stations.In this context, it is imperative to mention that in December 2021, The Biden-Harris Administration issued an action plan, which included a $5 billion fund for the EV charging network in the United States. Utilities that have been taking significant initiatives in developing the nation’s EV charging stations are Duke Energy DUK, Dominion Energy D and CMS Energy CMS.
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Sempra Energy’s SRE subsidiary, Southern California Gas Co. (SoCalGas),recently pledged to install 240 electric vehicle (EV) chargers at nine of its locations in 2022 and 67 EV chargersat its facilities by the end of 2024. Utilities that have been taking significant initiatives in developing the nation’s EV charging stations are Duke Energy DUK, Dominion Energy D and CMS Energy CMS. Want the latest recommendations from Zacks Investment Research?
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698769.0
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2022-03-27 00:00:00 UTC
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3 Energy Infrastructure Stocks to Buy Right Now
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https://www.nasdaq.com/articles/3-energy-infrastructure-stocks-to-buy-right-now
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Energy doesn't magically get from where it is created (or drilled) to where it gets used by end customers. Large physical assets support that and, thus, your daily modern life, all while tossing off reliable cash flows to the owners of those assets. Investing in infrastructure-related energy stocks, meanwhile, can be a very good way to generate income for your portfolio since many pay generous dividends. That's particularly true for names like Enterprise Products Partners (NYSE: EPD), Dominion Energy (NYSE: D), and Brookfield Renewable Partners (NYSE: BEP). Here's why you might like each of these options.
1. Out of favor
Master limited partnership (MLP) Enterprise Products Partners has a huge 7.5% distribution yield. That's toward the higher side of its historical yield range, suggesting it is relatively cheap today. That valuation call makes some sense, given the out-of-favor status of oil and natural gas in a world that is increasingly focused on clean energy.
Only there's no way to go from using carbon fuels to clean energy without a long transition period. And that's why Enterprise is so interesting.
Image source: Getty Images.
The MLP owns midstream assets like pipelines and storage, processing, and transportation assets. It is paid fees for the use of its assets, with the actual price of the commodities that flow through its system far less important than the demand for its system. And Enterprise is one of the largest midstream players in North America, sporting a roughly $50 billion market cap.
Moreover, it has the scale and diversification to consolidate the industry, which has faced new construction headwinds. In fact, in January, it inked a $3.5 billion deal to buy privately held Navitas Midstream Partners. Enterprise is unlikely to be an exciting investment, but as long as the world needs oil and natural gas, it should keep throwing off a reliable stream of cash to investors.
2. Refocus on boring growth
Over the past decade or two, Dominion Energy has been reshaping its portfolio, selling off energy drilling assets and, most recently, a collection of midstream pipelines. At this point, it is mostly just a regulated utility, selling electricity and natural gas to around 7 million customers across 13 states.
Being regulated is a mixture of good and bad. On the bad side, Dominion has to get rate hikes approved by regulators and, historically, that has limited growth potential. But looking at the good here, the utility has a monopoly in the markets it serves.
The investments it makes to keep its systems in top form (and that support its rate increases), meanwhile, are largely unaffected by other things going on in the world, like bear markets and recessions. So it's a bit of a slow and steady tortoise.
One thing of note here is that the midstream sale noted above came with a dividend cut, given that the division was a big piece of the company's business. But from here, Dominion is looking to increase the dividend at a 6% annual rate with a lower payout ratio than before the sale. So it is, arguably, a better business now than it was before. That dividend growth, meanwhile, is backed by $37 billion worth of capital investment plans over the next five years. And, as noted, most of that spending will take place regardless of what's going on in the market.
Electricity is a vital piece of modern life, and you can collect a generous 3.2% yield and growing dividend from Dominion Energy, now a pure-play utility.
3. Going clean
Dominion Energy's capital spending plans include a healthy dose of clean energy investment, as you might expect. However, if you are an ESG-focused investor, you might want to get even more specific with your infrastructure investment plans. A good option would be Brookfield Renewable Partners, which only does clean energy.
What's interesting about Brookfield Renewable, however, is that it has a highly diversified portfolio and strong core of reliable baseload assets (defined as those that can cover the minimum level of demand on an electrical grid over a span of time). Before you protest that wind and solar are intermittent energy producers, note that roughly half of this partnership's cash flow comes from hydroelectric power. The other half is from intermittent assets like solar and wind and other investments meant to help offset that variability, like battery storage.
It's kind of an all-in-one clean energy play. It also provides geographic diversification, with investments spanning North America, South America, Europe, and Asia.
And, along with all of that diversification, you get to collect a generous 3% distribution yield. The dividend, meanwhile, has been increased annually (adjusted for a spinoff) for roughly a decade at a 6% annualized rate. That's right in line with the long-term goal of 5% to 9% distribution growth each year.
For dividend investors, Brookfield Renewable Partners is a solid way to get exposure to clean energy while still generating a healthy bit of cash flow.
A diverse set of options
The trio of stocks here take you from a focused oil and gas infrastructure name to a focused clean energy play, with a stop for a boring old utility in between. Given that range, it's unlikely that all three will interest you, but there's likely one name here that would make a good addition to your portfolio today.
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Reuben Gregg Brewer owns Dominion Energy, Inc. The Motley Fool recommends Dominion Energy, Inc and Enterprise Products Partners. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The investments it makes to keep its systems in top form (and that support its rate increases), meanwhile, are largely unaffected by other things going on in the world, like bear markets and recessions. What's interesting about Brookfield Renewable, however, is that it has a highly diversified portfolio and strong core of reliable baseload assets (defined as those that can cover the minimum level of demand on an electrical grid over a span of time). For dividend investors, Brookfield Renewable Partners is a solid way to get exposure to clean energy while still generating a healthy bit of cash flow.
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That's particularly true for names like Enterprise Products Partners (NYSE: EPD), Dominion Energy (NYSE: D), and Brookfield Renewable Partners (NYSE: BEP). Going clean Dominion Energy's capital spending plans include a healthy dose of clean energy investment, as you might expect. Before you protest that wind and solar are intermittent energy producers, note that roughly half of this partnership's cash flow comes from hydroelectric power.
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That's particularly true for names like Enterprise Products Partners (NYSE: EPD), Dominion Energy (NYSE: D), and Brookfield Renewable Partners (NYSE: BEP). Refocus on boring growth Over the past decade or two, Dominion Energy has been reshaping its portfolio, selling off energy drilling assets and, most recently, a collection of midstream pipelines. Going clean Dominion Energy's capital spending plans include a healthy dose of clean energy investment, as you might expect.
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A good option would be Brookfield Renewable Partners, which only does clean energy. And, along with all of that diversification, you get to collect a generous 3% distribution yield. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Enterprise Products Partners wasn't one of them!
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698770.0
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2022-03-24 00:00:00 UTC
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7 Green Energy Stocks That’ll Have Investors Cleaning Up for Years to Come
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https://www.nasdaq.com/articles/7-green-energy-stocks-thatll-have-investors-cleaning-up-for-years-to-come
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The transition to clean energy has been happening for more than a decade now. However, investments in net-zero emissions efforts need to ramp up rapidly to reach the ambitious goal of carbon neutrality. Growth in green energy stocks has been driven largely by government spending, but according to the International Energy Agency, “greater resources have to be mobilized and directed to clean energy technologies to put the world on track to reach net-zero emissions by 2050.”
Last year, the iShares Global Clean Energy UCITS ETF (BIT:INRG) underperformed greatly compared to the broad equity market. INRG dipped 20.5% in 2021, whereas the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) soared 26.9% on the period.
Source: Charts by Tradingview
Since then, the beginning of 2022 has been constructive for green energy stocks. Interest in solar energy, wind turbines and nuclear power generation is rebounding. This can be attributed to increasing global political pressure and efforts to secure energy independence amid Russia’s invasion of Ukraine.
7 Cheap Stocks That Look Like a Huge Bargain Right Now
In this context, let’s have a look at seven green energy stocks well-positioned to deliver robust returns in the next decade:
MP Materials (NYSE:MP)
ON Semiconductor (NASDAQ:ON)
Dominion Energy (NYSE:D)
Southern Company (NYSE:SO)
Duke Energy (NYSE:DUK)
American Electric Power (NASDAQ:AEP)
NextEra Energy (NYSE:NEE)
Green Energy Stocks: MP Materials (MP)
Source: LuYago / Shutterstock.com
MP stock is a producer of rare earth materials, most of which are used in green technologies like electric vehicles (EVs) and wind turbines. The stock posted a weak performance year-to-date (YTD), up only 11% at $50 per share.
However, MP has robust fundamentals. The company delivered a strong net margin of 40.7% in 2021 and is expected to improve it to 49% in 2022.
The materials MP produces are seeing strong demand. For example, neodymium, a key element used to manufacture magnets, saw prices soar in the past month. It reached an all-time high of 1.51 million Yuan per metric ton, a 27.03% year-to-date advance.
Net sales surged 148% last year to $332 million. Going forward, MP is projected to maintain a rapid growth rate of 42% to $472 million in 2022. On the other side, net income is expected to nearly double this year, up 71% to $231 million. It should rise another 41% to $326 million in 2023.
In addition, MP is well-capitalized with an expected $468 million in cash on hand at the end of 2022. On the negative side, the rare earth materials specialist is forecast to hold a negative free cash flow (FCF) of $229 million in 2022 due to surging capital expenditures of $506 million.
Despite a weak YTD stock performance, MP still trades at a high forward Enterprise Value-to-Earnings before Interest, Taxes, Depreciation and Amortization (EV/EBITDA) ratio of 24.8x. Its 2022 price-to-earnings (P/E) ratio is 40.2x.
Yet MP stock is one of the few American players in the strategic rare earth materials industry, and still offers an average target price of $50 per share.
ON Semiconductor (ON)
Source: Shutterstock
ON Semiconductor offers intelligent sensing and power solutions worldwide. It chips enable the electrification of the automotive industry, empower fast-charging systems and support the development of sustainable energy.
Since the beginning of the year, ON shares have underperformed the market, dipping 10% to $61 per share. But the company has an attractive profitability level, offering an estimated profit margin north of 20% in the next two years. Net profits are on a positive path, surging in 2021 by 332% to $1.01 billion and expected to advance at a hefty pace of 68% to $1.69 billion in 2022.
On the other hand, after increasing 28% to $6.74 billion last year, revenue growth is projected to decelerate moderately, up 13.5% in 2022 to $7.65 billion.
Nevertheless, ON’s expected net debt is $497 million in 2022, down 71% year-over-year (YOY) and representing a leverage ratio of only 0.17x. With this strong balance sheet, the power solution company has sufficient resources to develop new markets and thrive in the growing green energy sector.
7 Recession-Proof Stocks for Nervous Investors to Buy in 2022
ON stock is cheap compared to other green energy stocks, trading at a 9.6x forward EV/EBITDA ratio and a 16.5x forward P/E ratio. Besides, the consensus of analysts offers a compelling average price target of $72.10 per share, a change of 18% compared to today’s price.
Green Energy Stocks: Dominion Energy (D)
Source: Felix Mizioznikov / Shutterstock.com
D stock is a producer and distributor of energy in the Eastern and Rocky Mountain regions of the U.S. Its portfolio of assets includes 30.2 gigawatts of electric generating capacity. Dominion shares have outperformed green energy stocks over the year, gaining 3% to just more than $81 per share.
The company is slowly separating from gas generation assets. D has executed a definitive agreement to sell its West Virginia natural gas utility to Ullico for $690 million.
Dominion’s financials are healthy, offering a profit margin of 23.5% in 2021 and an estimated net margin of 20.2x in 2022. The company’s top-line declined marginally in 2021, down 1.5% to almost $14 billion, but it should bounce nearly 18% to $16.4 billion this year. On the other side, net income is projected to flatten, rising by only 1% to $3.3 billion in 2021 compared to 8% top-line growth in 2023.
However, Dominion has excessive leverage. After advancing by 5.6% YOY to $38.9 billion in 2021, net debt is expected to increase another 10.5% this year to $43 billion. With these increases, D stock has an estimated leverage of 5.3x for 2022, well above industry peers.
D shares are currently valued at a 2022 EV/EBITDA ratio of 13.4x and a forward P/E ratio of 19.9x. The mean target price stands at $85.45 per share, corresponding to a 4.8% potential upside in the next 12 months. Besides, D stock provides an attractive dividend yield of 3.3% in 2022. The current level offers a good entry point for shareholders looking to invest in an established green energy stock.
Southern Company (SO)
Source: 360b / Shutterstock.com
Southern Company engages in the generation, transmission and distribution of electricity. It also develops and manages gas and power generation assets, including renewable energy projects, nuclear and cogeneration plants. Since the beginning of the year, SO shares were mostly flat, trading at just under $69 per share.
SO delivers less attractive profit margins than other green energy stocks, with a net margin of 10.4% in 2021 and a forecast net margin of 16.3% in 2022. Despite that, revenue surged 13.4% to $23.1 billion in 2021. It’s projected to rise marginally in 2021, up 0.4% to $23.2 billion.
The bottom line of SO stock is projected to climb robustly this year, up 58% YOY to $3.8 billion and 8% in 2023 to $4.1 billion. More interestingly, FCF generation will get a massive boost this year, reaching $1.1 billion compared to a loss of $1.1 billion in 2021.
In terms of balance sheet, Southern Company’s investment strategy is built around maintaining a healthy pace. Capex should rise by 7% in 2022 to $7.8 billion, but net debt remains high, reaching $54.8 billion in 2022 and posting a 5.44x leverage.
SO stock’s valuation trades at a forward EV/EBITDA ratio of 12.7x and a 19.3x forward P/E ratio, slightly above its historical metrics. Nevertheless, according to Wall Street analysts, the upside on SO stock is limited.
9 Gold Stocks to Buy as Global Fears Rise
The price target stands at $69.08 per share, representing a marginal upside of 0.4%. Despite that, Southern offers a dividend yield of 3.8% in 2022 and is well-positioned to expand its market share in the U.S.
Green Energy Stocks: Duke Energy (DUK)
Source: Jonathan Weiss / Shutterstock.com
Duke is one of the largest American electric energy groups with a generating capacity of 51,000 megawatts. The company sells electricity in the Carolinas, Florida and the Midwest, using coal, hydroelectric, natural gas, oil and nuclear sources.
DUK stock posted a tiny YTD performance, advancing 1.8% to $106 per share. Net margins are compelling for this major electric utility, with profit margins reaching 15.1% in 2021 and expected to reach 15.9% in 2022.
The top line of the company is forecast to grow consistently through 2023 at a rate of 4% per year, earning $27.1 billion in 2023. On the other side, net income jumped robustly last year, up 199% to $3.8 billion. That figure is expected to advance another 10.1% to $4.2 billion in 2022.
Analysts expect FCF generation to significantly improve this year, coming in at $1.1 billion compared to a deficit of $1.4 billion in 2021. On the negative side, Duke Energy has an elevated net debt, standing at $66.8 billion in 2021 and forecast to advance to $69.3 billion, corresponding to a leverage ratio of 5.7x.
DUK shares are trading slightly above other green energy stocks, posting a forward EV/EBITDA ratio of 12.4x and a 2022 P/E ratio of 19.5x. The utility offers an attractive dividend yield of 3.7% in 2022. Nevertheless, DUK has an average price target of $110.69, a percentage change of only 3.6% from its current price.
American Electric Power (AEP)
Source: Casimiro PT / Shutterstock.com
American Electric Power (AEP) is an electric public utility holding company that engages in the generation, transmission and distribution of electricity to retail and wholesale customers in the U.S. AEP shares have outperformed the equity market since the beginning of the year, rising 8% to $96 per share.
AEP’s profitability is expected to slightly improve in the next few years. After posting a profit margin of 14.8% in 2021, analysts expect net margins to reach 15% in 2022 and 15.8% in 2023. Nevertheless, after growing 12.4% YOY in 2021 to $16.8 billion, net sales should remain somewhat flat in the next two years, reaching $17 billion and $17.3 billion in 2022 and 2023, respectively.
More interestingly, FCF is expected to soar this year to $4.2 billion versus an FCF loss of $1.8 billion last year. On the negative side, debt will increase almost 7% to $37.9 billion in 2022, representing an extended leverage ratio of 5.6x.
7 Stable Energy Stocks for Uncertain Times
In terms of valuation metrics, AEP stock trades at a 12.6x 2022 EV/EBITDA ratio and a 19.2x forward P/E ratio. The average target price for AEP is $101.50 per share, a 5.7% increase versus today’s price. Besides, the dividend of AEP is compelling, with an expected yield of 3.3% in 2022.
Green Energy Stocks: NextEra Energy (NEE)
Source: madamF / Shutterstock.com
NextEra Energy is a leading clean energy company engaged (through subsidiaries) in electricity generation, transmission and distribution. NEE shares dipped 11% since the beginning of the year to $83 per share.
Despite this poor performance, the company has a strong growth profile. After decreasing 5% in 2021 to $17.1 billion last year, revenue is forecast to surge 29% in 2022 to $22 billion.
NEE stock’s bottom line is anticipated to advance considerably in 2022, up 53% to $5.5 billion in 2022 and rising 11% in 2023 to $6.1 billion. This translates to a potential average profit margin of 26.6% in two years.
Nevertheless, NextEra’s balance sheet is slightly overleveraged, which might constitute a risk as interest rates normalize. Net debt increased 15% to $54.2 billion in 2021 and is expected to rise 13% this year to $61.4 billion, offering a leverage ratio of 4.9x.
This clean energy stock delivered a massive FCF loss of $8.2 billion in 2021, but this number is projected to shrink in 2021 to a deficit of $3.6 billion.
That being said, NEE shares exchange at a stretched forward EV/EBITDA ratio of 17.7x and a 2022 P/E ratio of 29.6x. In addition, it offers an expected dividend yield of 1.9% in 2022. The mean price target is $93 per share in the next year, corresponding to a 12% upside from today’s price.
On the date of publication, Cristian Docan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 7 Green Energy Stocks That’ll Have Investors Cleaning Up for Years to Come appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite a weak YTD stock performance, MP still trades at a high forward Enterprise Value-to-Earnings before Interest, Taxes, Depreciation and Amortization (EV/EBITDA) ratio of 24.8x. Yet MP stock is one of the few American players in the strategic rare earth materials industry, and still offers an average target price of $50 per share. With this strong balance sheet, the power solution company has sufficient resources to develop new markets and thrive in the growing green energy sector.
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7 Cheap Stocks That Look Like a Huge Bargain Right Now In this context, let’s have a look at seven green energy stocks well-positioned to deliver robust returns in the next decade: MP Materials (NYSE:MP) ON Semiconductor (NASDAQ:ON) Dominion Energy (NYSE:D) Southern Company (NYSE:SO) Duke Energy (NYSE:DUK) American Electric Power (NASDAQ:AEP) NextEra Energy (NYSE:NEE) Green Energy Stocks: MP Materials (MP) Source: LuYago / Shutterstock.com MP stock is a producer of rare earth materials, most of which are used in green technologies like electric vehicles (EVs) and wind turbines. American Electric Power (AEP) Source: Casimiro PT / Shutterstock.com American Electric Power (AEP) is an electric public utility holding company that engages in the generation, transmission and distribution of electricity to retail and wholesale customers in the U.S. AEP shares have outperformed the equity market since the beginning of the year, rising 8% to $96 per share. Green Energy Stocks: NextEra Energy (NEE) Source: madamF / Shutterstock.com NextEra Energy is a leading clean energy company engaged (through subsidiaries) in electricity generation, transmission and distribution.
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Growth in green energy stocks has been driven largely by government spending, but according to the International Energy Agency, “greater resources have to be mobilized and directed to clean energy technologies to put the world on track to reach net-zero emissions by 2050.” Last year, the iShares Global Clean Energy UCITS ETF (BIT:INRG) underperformed greatly compared to the broad equity market. 7 Cheap Stocks That Look Like a Huge Bargain Right Now In this context, let’s have a look at seven green energy stocks well-positioned to deliver robust returns in the next decade: MP Materials (NYSE:MP) ON Semiconductor (NASDAQ:ON) Dominion Energy (NYSE:D) Southern Company (NYSE:SO) Duke Energy (NYSE:DUK) American Electric Power (NASDAQ:AEP) NextEra Energy (NYSE:NEE) Green Energy Stocks: MP Materials (MP) Source: LuYago / Shutterstock.com MP stock is a producer of rare earth materials, most of which are used in green technologies like electric vehicles (EVs) and wind turbines. Green Energy Stocks: NextEra Energy (NEE) Source: madamF / Shutterstock.com NextEra Energy is a leading clean energy company engaged (through subsidiaries) in electricity generation, transmission and distribution.
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Going forward, MP is projected to maintain a rapid growth rate of 42% to $472 million in 2022. DUK shares are trading slightly above other green energy stocks, posting a forward EV/EBITDA ratio of 12.4x and a 2022 P/E ratio of 19.5x. Net debt increased 15% to $54.2 billion in 2021 and is expected to rise 13% this year to $61.4 billion, offering a leverage ratio of 4.9x.
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698771.0
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2022-03-21 00:00:00 UTC
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7 Utility Stocks to Buy as Inflation’s Grip Tightens
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https://www.nasdaq.com/articles/7-utility-stocks-to-buy-as-inflations-grip-tightens
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Well before the shattering of the modern global order, inflation represented a massive problem. From pain at the pump to sticker shock at the grocery aisle, prices only seemed to have one direction, up. With the Russian invasion of Ukraine, the fragility of the economic recovery became cruelly exposed. Still, if there’s one sector that should survive and possibly thrive, it’s utility stocks.
Underlining this market segment is its indispensability. You can go without your caramel-flavored double-shot latte at a trendy coffee shop. But you can’t go without electricity. When you flip on the switch, you expect something to happen. Similarly, when you push down on the handle following usage of the facilities, you expect the material to go away.
That’s the beauty of utility stocks: You don’t really think about them until you need to.
And under the current circumstances, there’s going to be a lot of thinking going on. True, utility stocks are not without risks. However, since we can’t live without the underlying businesses, they’ll be the last to suffer personal budget cuts. It’s cynical but that’s reality.
9 Gold Stocks to Buy as Global Fears Rise
If you’re looking for utility stocks to buy, here are seven to keep on your radar:
NextEra Energy (NYSE:NEE)
Exelon (NASDAQ:EXC)
Duke Energy (NYSE:DUK)
Sempra Energy (NYSE:SRE)
Dominion Energy (NYSE:D)
Essential Utilities (NYSE:WTRG)
Waste Management (NYSE:WM)
Utility Stocks to Buy: NextEra Energy (NEE)
Source: madamF / Shutterstock.com
Specializing in renewable energy infrastructures, NextEra Energy has lone been relevant as the political climate started pivoting to sustainable solutions. True, some of the policies under former President Donald Trump’s administration may have dragged the impetus toward climate-friendly initiatives, but President Joe Biden’s White House appears (at least on paper) determined to bring ecologically responsible policies to the forefront.
But nothing gets the wheels moving like desperation, which is why NextEra Energy may be one of the winners among utility stocks. Admittedly, on a year-to-date basis, NEE distracts with a double-digit loss at the time of writing. However, as a Bloomberg reporter pointed out, Russia’s dangerously destabilizing decision to invade Ukraine brought heightened urgency to renewable infrastructure.
Should projects like wind and solar power become more integrated with modern societies, this could potentially lessen exposure of western countries to those with questionable profiles, to put it diplomatically. Therefore, NEE might be a long-term idea among utility stocks to consider for patient investors.
Exelon (EXC)
Source: photosounds / Shutterstock.com
Back in the spring of 2021, the Chicago Tribune reported that Exelon lost nearly $300 million in the first quarter of that year. Of course, the company blamed the Texas cold snap, a tragic event that took innocent lives and left others reeling. It’s a terrible circumstance that Texans are not likely to forget anytime soon.
However, the freak weather event is also a lesson in the vitality of utility stocks. In another Chicago Tribune article, the news agency laid out its case for why Exelon contributed to Texas’ power nightmare. Let’s face it, EXC is not the first among utility stocks to generate controversy, nor will it be the last.
7 Stable Energy Stocks for Uncertain Times
But the overriding issue is that utility stocks are indispensable. In many areas, no other alternatives exist, meaning that the money is going to flow in no matter what. Unsurprisingly, then, EXC is positive on a YTD basis and is up 42% during the trailing year.
Utility Stocks to Buy: Duke Energy (DUK)
Source: Jonathan Weiss / Shutterstock.com
A classic go-to when discussing utility stocks to buy, Duke Energy brings a lot to like to the table. Acquiring shares gets you access to its 3.8% dividend yield. With stability at a high premium, that yield is worth much more under the context of the current market environment.
In addition, I like that Duke Energy covers the eastern states, namely the Carolinas, Florida, Ohio, Kentucky and Indiana. As multiple agencies have covered, the Carolinas represent popular millennial destination spots for cost of living and other reasons.
Most importantly, Duke is a stalwart among utility stocks with a proven track record. In 2020, revenue understandably dipped 5% against 2019’s result, but the company was back on track in 2021 with pre-pandemic norms. As well, net income last year was $3.9 billion, up 4% from 2019’s tally.
Sempra Energy (SRE)
Source: Michael Vi / Shutterstock.com
Sempra Energy is so fundamental to California that it’s essentially a tax to those that live in the southern regions of the Golden State. I would know personally, because I just got hit hard by Sempra, even though I didn’t do anything differently.
That’s because Sempra Energy and its subsidiaries collectively form a powerful political lobby. Therefore, it’s no stranger to controversy. But the fact is, there’s nothing regular people can do about it. When you flip the switch and nothing happens, that’s dangerous for society.
7 Safe Investments for Seniors to Consider in 2022
Yes, I’m taking the narrative of SRE to a rather gloomy area. But here’s the point: we already live in gloomy times. Yet that’s no excuse to not pay the bills, which is why utility stocks are cynically viable.
Utility Stocks to Buy: Dominion Energy (D)
Source: Felix Mizioznikov / Shutterstock.com
A solid idea for those seeking more protection than capital gains, Dominion Energy is up around 12% over the trailing year. Further, it provides a dividend yield of 3.3%. That’s a bit below the average yield for utility stocks of 3.75%. Still, the combination of reliability and passive income may be too good for some investors to pass up.
What I really like about D stock, though, is its coverage area. Focusing on services in Virginia and North Carolina, Dominion is putting its eggs in a very viable basket. Virginia’s population grew 7.9% between 2010 and 2020, a slightly faster pace than the rest of the nation. We might continue to see positive growth considering the ridiculous cost of living in other trendy states.
As for North Carolina, it too is growing, adding 112,000 people (a gain of 1.1%) between April 2020 and July 2021. With utility stocks, you want to invest longer term in names that are experiencing a widening consumer base, which is a major selling point for Dominion.
Essential Utilities (WTRG)
Source: HQuality / Shutterstock.com
While many discussions on utility stocks tend to focus on power delivery, it’s important not to forget about our most precious resource, water. Indeed, with drought impacting many states, particularly in the southwest region, water resources and services will likely command a premium. What’s worse, Californians are saving less water even as drought conditions worsen, per the Los Angeles Times.
Whether you live in California or not is besides the point. Broadly speaking, it comes down to basic economic principles, supply and demand. Thus, I’m bullish on Essential Utilities if only for purely cynical reasons.
7 Sports Betting Stocks to Buy as March Madness Tips Off
Providing drinking water and wastewater treatment, Essential Utilities has stakes in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. From an investor’s perspective, we have a delightful combination: states that benefit from strong migration patterns and the delivery of a commodity that no one can live without.
Utility Stocks to Buy: Waste Management (WM)
Source: rblfmr / Shutterstock.com
Before you get ready to fire up an email, Waste Management might not technically qualify as belonging to a list of utility stocks. Typically, utilities deal with businesses delivering something to you, mostly power and water. Waste Management is a business that takes stuff away from you. Still, it’s the stuff that you don’t want nor need, making WM a critical public service.
From an environmental point of view, Waste Management the company and the concept will only grow in importance. Per Frontier Group, in 2018 alone, “the U.S. threw out over 292 million tons of municipal solid waste (MSW) — the materials discarded by homes, businesses and institutions, such as universities and libraries. Americans throw out 4.9 pounds of trash per person every day — that’s nearly 1,800 pounds of materials per American every year.”
That garbage doesn’t just disappear to some magical place. With more people throwing more stuff away, WM is almost guaranteed to be a viable investment.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 7 Utility Stocks to Buy as Inflation’s Grip Tightens appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Should projects like wind and solar power become more integrated with modern societies, this could potentially lessen exposure of western countries to those with questionable profiles, to put it diplomatically. 7 Sports Betting Stocks to Buy as March Madness Tips Off Providing drinking water and wastewater treatment, Essential Utilities has stakes in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Per Frontier Group, in 2018 alone, “the U.S. threw out over 292 million tons of municipal solid waste (MSW) — the materials discarded by homes, businesses and institutions, such as universities and libraries.
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9 Gold Stocks to Buy as Global Fears Rise If you’re looking for utility stocks to buy, here are seven to keep on your radar: NextEra Energy (NYSE:NEE) Exelon (NASDAQ:EXC) Duke Energy (NYSE:DUK) Sempra Energy (NYSE:SRE) Dominion Energy (NYSE:D) Essential Utilities (NYSE:WTRG) Waste Management (NYSE:WM) Utility Stocks to Buy: NextEra Energy (NEE) Source: madamF / Shutterstock.com Specializing in renewable energy infrastructures, NextEra Energy has lone been relevant as the political climate started pivoting to sustainable solutions. Utility Stocks to Buy: Duke Energy (DUK) Source: Jonathan Weiss / Shutterstock.com A classic go-to when discussing utility stocks to buy, Duke Energy brings a lot to like to the table. Essential Utilities (WTRG) Source: HQuality / Shutterstock.com While many discussions on utility stocks tend to focus on power delivery, it’s important not to forget about our most precious resource, water.
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9 Gold Stocks to Buy as Global Fears Rise If you’re looking for utility stocks to buy, here are seven to keep on your radar: NextEra Energy (NYSE:NEE) Exelon (NASDAQ:EXC) Duke Energy (NYSE:DUK) Sempra Energy (NYSE:SRE) Dominion Energy (NYSE:D) Essential Utilities (NYSE:WTRG) Waste Management (NYSE:WM) Utility Stocks to Buy: NextEra Energy (NEE) Source: madamF / Shutterstock.com Specializing in renewable energy infrastructures, NextEra Energy has lone been relevant as the political climate started pivoting to sustainable solutions. Utility Stocks to Buy: Duke Energy (DUK) Source: Jonathan Weiss / Shutterstock.com A classic go-to when discussing utility stocks to buy, Duke Energy brings a lot to like to the table. Utility Stocks to Buy: Waste Management (WM) Source: rblfmr / Shutterstock.com Before you get ready to fire up an email, Waste Management might not technically qualify as belonging to a list of utility stocks.
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Unsurprisingly, then, EXC is positive on a YTD basis and is up 42% during the trailing year. Utility Stocks to Buy: Duke Energy (DUK) Source: Jonathan Weiss / Shutterstock.com A classic go-to when discussing utility stocks to buy, Duke Energy brings a lot to like to the table. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Well before the shattering of the modern global order, inflation represented a massive problem.
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698772.0
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2022-03-21 00:00:00 UTC
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Noteworthy ETF Inflows: XLU, DUK, SO, D
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-xlu-duk-so-d
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $350.5 million dollar inflow -- that's a 2.6% increase week over week in outstanding units (from 191,070,000 to 196,020,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is up about 1.6%, Southern Company (Symbol: SO) is up about 1.6%, and Dominion Energy Inc (Symbol: D) is higher by about 1.5%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $61.205 per share, with $72.37 as the 52 week high point — that compares with a last trade of $71.07. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $350.5 million dollar inflow -- that's a 2.6% increase week over week in outstanding units (from 191,070,000 to 196,020,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is up about 1.6%, Southern Company (Symbol: SO) is up about 1.6%, and Dominion Energy Inc (Symbol: D) is higher by about 1.5%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $61.205 per share, with $72.37 as the 52 week high point — that compares with a last trade of $71.07. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $350.5 million dollar inflow -- that's a 2.6% increase week over week in outstanding units (from 191,070,000 to 196,020,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $61.205 per share, with $72.37 as the 52 week high point — that compares with a last trade of $71.07. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $350.5 million dollar inflow -- that's a 2.6% increase week over week in outstanding units (from 191,070,000 to 196,020,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $61.205 per share, with $72.37 as the 52 week high point — that compares with a last trade of $71.07. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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698773.0
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2022-03-18 00:00:00 UTC
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Dominion (D) Arm to Add 1,000 MW Clean Energy, Cut Emissions
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https://www.nasdaq.com/articles/dominion-d-arm-to-add-1000-mw-clean-energy-cut-emissions
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Dominion Energy D announced that its unit Dominion Energy Virginia has received approval from the State Corporation Commission to add 1,000 megawatts (MW) of carbon-free electricity to the generation portfolio. The approved expansion includes 15 Dominion Energy Virginia projects and power purchase agreements with 24 other projects owned by third-party developers.
Dominion Energy Virginia will complete the construction of the 15 projects in 2022 and 2023, and these projects will increase the utility bill of a typical residential customer by $1.13 per month. The clean energy projects will help Dominion achieve zero greenhouse gas emissions and serve utility customers with the electricity generated from clean power projects.
Dominion’s Clean Energy Goals
Dominion is planning to add 4,000 MW of solar or wind generation in the state of Virginia. Dominion’s long-term objective is to add 24 GW of battery storage, solar, hydro and wind (offshore as well as onshore) projects by 2036 as well as increase renewable energy capacity by more than 15% per year, on average, over the next 15 years.
As of December 2019, Dominion cut carbon emissions from electric generating units by more than 55% since 2005 and reduced methane emissions from natural gas infrastructure operations by 25% since 2010. D aims to attain net-zero carbon and methane emissions from its electric generation and natural gas infrastructure by 2050 from 2005 levels.
Dominion plans to invest $37 billion in the 2022-2026 time period to strengthen its existing infrastructure, out of which a major portion will be invested in zero-carbon generation and energy storage. Over the next 15 years, Dominion aims to invest $73 billion to strengthen its infrastructure and add more clean power generation assets to its portfolio.
Transition in Utility Space
A clear transition is evident in the U.S. utility space, with an increasing number of electricity companies deciding to provide 100% carbon-free electricity to customers. An increase in natural gas and clean alternate sources of energy is helping utilities to lower emissions. The ongoing research and development work, usage of new technologies and battery storage projects are making utility-scale renewable projects viable.
Dominion Energy is among many other utilities that have decided to become emission neutral in the long run through systematic reduction of emissions and the addition of clean energy projects.
Utilities like Avista Corporation AVA, Xcel Energy XEL and DTE Energy DTE have announced plans to go carbon neutral and have taken initiatives to lower emissions.
The long-term (three to five years) earnings growth of Avista, Xcel Energy, and DTE Energy is currently projected at 6.6%, 6.4%, and 6%, respectively.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xcel Energy Inc. (XEL): Free Stock Analysis Report
DTE Energy Company (DTE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Avista Corporation (AVA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Over the next 15 years, Dominion aims to invest $73 billion to strengthen its infrastructure and add more clean power generation assets to its portfolio. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Dominion Energy D announced that its unit Dominion Energy Virginia has received approval from the State Corporation Commission to add 1,000 megawatts (MW) of carbon-free electricity to the generation portfolio. Utilities like Avista Corporation AVA, Xcel Energy XEL and DTE Energy DTE have announced plans to go carbon neutral and have taken initiatives to lower emissions. DTE Energy Company (DTE): Free Stock Analysis Report
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Dominion Energy D announced that its unit Dominion Energy Virginia has received approval from the State Corporation Commission to add 1,000 megawatts (MW) of carbon-free electricity to the generation portfolio. The clean energy projects will help Dominion achieve zero greenhouse gas emissions and serve utility customers with the electricity generated from clean power projects. Dominion Energy is among many other utilities that have decided to become emission neutral in the long run through systematic reduction of emissions and the addition of clean energy projects.
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The clean energy projects will help Dominion achieve zero greenhouse gas emissions and serve utility customers with the electricity generated from clean power projects. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Dominion Energy D announced that its unit Dominion Energy Virginia has received approval from the State Corporation Commission to add 1,000 megawatts (MW) of carbon-free electricity to the generation portfolio.
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698774.0
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2022-03-12 00:00:00 UTC
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3 Companies Built to Withstand Market Turbulence
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https://www.nasdaq.com/articles/3-companies-built-to-withstand-market-turbulence
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The market has entered some turbulence in recent months. The S&P 500 has officially corrected -- falling 10% from its high -- while the tech-heavy Nasdaq Composite tumbled into bear market territory. Meanwhile, many other stocks are down a lot more.
While market turbulence can be tough to stomach, it's a fairly common occurrence. Because of that, investors need to make sure they own stocks that can handle these rough patches. Here's a closer look at three stocks -- Dominion Energy (NYSE: D), Enbridge (NYSE: ENB), and Waste Management (NYSE: WM) -- built to withstand these tough times.
Image source: Getty Images.
Boring, but in a good way
Reuben Gregg Brewer (Dominion Energy): Utilities like Dominion Energy have monopolies in the regions they serve. That means that they are highly reliable businesses. Indeed, the necessity of power in modern society and the fact that customers can't easily shift to alternative power options leads to fairly resilient revenue -- regardless of what is going on in the world or economy.
Utilities also have to get their capital investment plans approved by regulators. This spending is what supports utility rate hike requests, with the outlays generally continuing even in the face of Wall Street turbulence. Dominion has a $37 billion five-year spending plan that it believes will support annualized earnings-per-share growth of 6.5% through 2026. That, in turn, should lead to annualized dividend growth of around 6% over that same period, with the company targeting a modest payout ratio of 65%.
Now add in Dominion's roughly 3.2% dividend yield, which is more than twice the S&P 500 index's 1.3%, and there's a lot to like about this utility. The key, however, is how insulated its business and spending plans are from Wall Street's ups and downs, and other exogenous shocks. It can provide a valuable anchor point for a more broadly diversified portfolio, especially when uncertainty is high. If you could use a little boring in your life, Dominion is worth a deep dive.
Built to weather any storm
Matt DiLallo (Enbridge): Enbridge has one of the lowest-risk business models in the energy industry. It operates a diversified infrastructure portfolio across liquids pipelines, gas transmission, gas distribution and storage, and renewable power with more than 40 sources of cash flow. The company gets 98% of its earnings from stable long-term cost-of-service agreements and fixed-rate contracts, with 95% of its customers having an investment-grade credit rating. As a result, Enbridge produces very steady cash flow.
Meanwhile, the company has a strong financial profile. It has a solid investment-grade credit rating with leverage currently toward the low end of its target range. Meanwhile, despite paying a dividend that currently yields 6.1%, Enbridge has a reasonable dividend payout ratio of around 65% of its cash flow.
Combined with its balance sheet flexibility, that retained cash gives Enbridge billions of dollars in annual financial flexibility to invest in expanding its operations. The company estimates it has the financial capacity to fund enough investment to grow its cash flow per share at a 5% to 7% annual rate through at least 2024. Enbridge has no shortage of investment opportunities. It currently has a multi-billion-dollar backlog of expansion projects and a growing pipeline of development opportunities.
That gives Enbridge the fuel to continue delivering steady growth. Since 2008, the company has expanded its earnings at a 14% compound annual rate. Meanwhile, it has increased its dividend for 27 straight years. Given its current growth forecast, Enbridge should be able to continue boosting its payout in the coming years, even if there is another downturn. These factors make it a great stock own while riding out market turbulence.
Earn regular passive income even during turbulence
Neha Chamaria (Waste Management): In a world where there are so many alluring high-flying growth stocks to bet on, few investors even look at traditionally boring industries. Yet, these boring stocks are the ones that can save your portfolio during turbulent times like the ones we're witnessing today. As an example, consider the wild swings in the market and the fact that some growth stocks have lost more than half their value over the past three months. Waste Management stock, though, is down barely 7% during the period.
It's not hard to understand the reasons behind this resilience. Waste Management offers an essential service of collecting, recycling, and disposing waste, the demand for which doesn't ebb and flow with the economy. This is also why Waste Management has been able to increase dividends every year for 19 consecutive years. It last increased its dividend by 13% in December, and in February, the company delivered record revenue and income from operations for the full year 2021.
Waste Management expects another strong year ahead amid rumors that it's eyeing waste management and industrial cleaning services company Clean Harbors. Clean Harbors generated $3.81 billion in revenue in 2021 and sees strong business momentum for 2022. Waste Management last acquired Advanced Disposal for $4.6 billion in late 2020, and I wouldn't be surprised to see the company make some smaller acquisitions to strengthen its foothold further in the waste management industry in the U.S.
Meanwhile, investors in Waste Management can enjoy steady and growing dividends, and this passive income in particular can come handy during tough times.
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Matthew DiLallo owns Enbridge and Waste Management. Neha Chamaria has no position in any of the stocks mentioned. Reuben Gregg Brewer owns Dominion Energy, Inc and Enbridge. The Motley Fool owns and recommends Enbridge. The Motley Fool recommends Dominion Energy, Inc and Waste Management. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This spending is what supports utility rate hike requests, with the outlays generally continuing even in the face of Wall Street turbulence. Earn regular passive income even during turbulence Neha Chamaria (Waste Management): In a world where there are so many alluring high-flying growth stocks to bet on, few investors even look at traditionally boring industries. Meanwhile, investors in Waste Management can enjoy steady and growing dividends, and this passive income in particular can come handy during tough times.
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Here's a closer look at three stocks -- Dominion Energy (NYSE: D), Enbridge (NYSE: ENB), and Waste Management (NYSE: WM) -- built to withstand these tough times. Boring, but in a good way Reuben Gregg Brewer (Dominion Energy): Utilities like Dominion Energy have monopolies in the regions they serve. Waste Management expects another strong year ahead amid rumors that it's eyeing waste management and industrial cleaning services company Clean Harbors.
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Here's a closer look at three stocks -- Dominion Energy (NYSE: D), Enbridge (NYSE: ENB), and Waste Management (NYSE: WM) -- built to withstand these tough times. Waste Management expects another strong year ahead amid rumors that it's eyeing waste management and industrial cleaning services company Clean Harbors. See the 10 stocks *Stock Advisor returns as of March 3, 2022 Matthew DiLallo owns Enbridge and Waste Management.
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Meanwhile, despite paying a dividend that currently yields 6.1%, Enbridge has a reasonable dividend payout ratio of around 65% of its cash flow. Meanwhile, investors in Waste Management can enjoy steady and growing dividends, and this passive income in particular can come handy during tough times. The Motley Fool recommends Dominion Energy, Inc and Waste Management.
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698775.0
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2022-03-10 00:00:00 UTC
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XLU, D, SRE, AEP: Large Outflows Detected at ETF
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D
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https://www.nasdaq.com/articles/xlu-d-sre-aep%3A-large-outflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $193.1 million dollar outflow -- that's a 1.4% decrease week over week (from 194,220,000 to 191,470,000). Among the largest underlying components of XLU, in trading today Dominion Energy Inc (Symbol: D) is up about 0.8%, Sempra (Symbol: SRE) is up about 1.5%, and American Electric Power Co Inc (Symbol: AEP) is up by about 0.1%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $61.205 per share, with $72.37 as the 52 week high point — that compares with a last trade of $70.22. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $193.1 million dollar outflow -- that's a 1.4% decrease week over week (from 194,220,000 to 191,470,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $61.205 per share, with $72.37 as the 52 week high point — that compares with a last trade of $70.22. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $193.1 million dollar outflow -- that's a 1.4% decrease week over week (from 194,220,000 to 191,470,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $61.205 per share, with $72.37 as the 52 week high point — that compares with a last trade of $70.22. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $61.205 per share, with $72.37 as the 52 week high point — that compares with a last trade of $70.22. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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698776.0
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2022-03-04 00:00:00 UTC
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12.2% of DHS Holdings Seeing Recent Insider Buys
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D
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https://www.nasdaq.com/articles/12.2-of-dhs-holdings-seeing-recent-insider-buys
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nan
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A look at the weighted underlying holdings of the WisdomTree U.S. High Dividend Fund (DHS) shows an impressive 12.2% of holdings on a weighted basis have experienced insider buying within the past six months.
Dominion Energy Inc (Symbol: D), which makes up 0.84% of the WisdomTree U.S. High Dividend Fund (DHS), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $7,894,616 worth of D, making it the #28 largest holding. The table below details the recent insider buying activity observed at D:
D — last trade: $80.72 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998
11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998
11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998
11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998
11/24/2021 Susan N. Story Director 1,500 $74.42 $111,630
02/16/2022 Robert M. Blue Chair, President and CEO 3,180 $78.40 $249,325
And Simon Property Group, Inc. (Symbol: SPG), the #44 largest holding among components of the WisdomTree U.S. High Dividend Fund (DHS), shows 10 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $4,135,029 worth of SPG, which represents approximately 0.44% of the ETF's total assets at last check. The recent insider buying activity observed at SPG is detailed in the table below:
SPG — last trade: $139.41 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
09/30/2021 Karen N. Horn Director 330 $132.65 $43,774
09/30/2021 Larry C. Glasscock Director 209 $132.65 $27,724
09/30/2021 Glyn Aeppel Director 106 $132.65 $14,061
09/30/2021 Marta R. Stewart Director 86 $132.65 $11,408
09/30/2021 J. Albert Smith Jr. Director 417 $132.65 $55,315
09/30/2021 Stefan M. Selig Director 94 $132.65 $12,469
09/30/2021 Daniel C. Smith Director 206 $132.65 $27,326
09/30/2021 Gary M. Rodkin Director 116 $132.65 $15,387
09/30/2021 Reuben S. Leibowitz Director 301 $132.65 $39,928
09/30/2021 Allan B. Hubbard Director 240 $132.65 $31,836
12/31/2021 Glyn Aeppel Director 97 $160.28 $15,547
12/31/2021 Larry C. Glasscock Director 192 $160.28 $30,773
12/31/2021 Karen N. Horn Director 304 $160.28 $48,724
12/31/2021 Allan B. Hubbard Director 221 $160.28 $35,421
12/31/2021 Reuben S. Leibowitz Director 277 $160.28 $44,396
12/31/2021 Gary M. Rodkin Director 107 $160.28 $17,149
12/31/2021 Stefan M. Selig Director 86 $160.28 $13,784
12/31/2021 Daniel C. Smith Director 189 $160.28 $30,292
12/31/2021 J. Albert Smith Jr. Director 384 $160.28 $61,546
12/31/2021 Marta R. Stewart Director 79 $160.28 $12,662
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A look at the weighted underlying holdings of the WisdomTree U.S. High Dividend Fund (DHS) shows an impressive 12.2% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 0.84% of the WisdomTree U.S. High Dividend Fund (DHS), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998 11/24/2021 Susan N. Story Director 1,500 $74.42 $111,630 02/16/2022 Robert M. Blue Chair, President and CEO 3,180 $78.40 $249,325 And Simon Property Group, Inc. (Symbol: SPG), the #44 largest holding among components of the WisdomTree U.S. High Dividend Fund (DHS), shows 10 directors and officers as recently filing Form 4's indicating purchases.
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11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998 11/24/2021 Susan N. Story Director 1,500 $74.42 $111,630 02/16/2022 Robert M. Blue Chair, President and CEO 3,180 $78.40 $249,325 And Simon Property Group, Inc. (Symbol: SPG), the #44 largest holding among components of the WisdomTree U.S. High Dividend Fund (DHS), shows 10 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at SPG is detailed in the table below: SPG — last trade: $139.41 — Recent Insider Buys: 09/30/2021 Karen N. Horn Director 330 $132.65 $43,774 09/30/2021 Larry C. Glasscock Director 209 $132.65 $27,724 09/30/2021 Glyn Aeppel Director 106 $132.65 $14,061 09/30/2021 Marta R. Stewart Director 86 $132.65 $11,408 09/30/2021 J. Albert Smith Jr. Director 417 $132.65 $55,315 09/30/2021 Stefan M. Selig Director 94 $132.65 $12,469 09/30/2021 Daniel C. Smith Director 206 $132.65 $27,326 09/30/2021 Gary M. Rodkin Director 116 $132.65 $15,387 09/30/2021 Reuben S. Leibowitz Director 301 $132.65 $39,928 09/30/2021 Allan B. Hubbard Director 240 $132.65 $31,836 12/31/2021 Glyn Aeppel Director 97 $160.28 $15,547 12/31/2021 Larry C. Glasscock Director 192 $160.28 $30,773 12/31/2021 Karen N. Horn Director 304 $160.28 $48,724 12/31/2021 Allan B. Hubbard Director 221 $160.28 $35,421 12/31/2021 Reuben S. Leibowitz Director 277 $160.28 $44,396 12/31/2021 Gary M. Rodkin Director 107 $160.28 $17,149 12/31/2021 Stefan M. Selig Director 86 $160.28 $13,784 12/31/2021 Daniel C. Smith Director 189 $160.28 $30,292 12/31/2021 J. Albert Smith Jr. Director 384 $160.28 $61,546 12/31/2021 Marta R. Stewart Director 79 $160.28 $12,662 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998 11/24/2021 Susan N. Story Director 1,500 $74.42 $111,630 02/16/2022 Robert M. Blue Chair, President and CEO 3,180 $78.40 $249,325 And Simon Property Group, Inc. (Symbol: SPG), the #44 largest holding among components of the WisdomTree U.S. High Dividend Fund (DHS), shows 10 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at SPG is detailed in the table below: SPG — last trade: $139.41 — Recent Insider Buys: 09/30/2021 Karen N. Horn Director 330 $132.65 $43,774 09/30/2021 Larry C. Glasscock Director 209 $132.65 $27,724 09/30/2021 Glyn Aeppel Director 106 $132.65 $14,061 09/30/2021 Marta R. Stewart Director 86 $132.65 $11,408 09/30/2021 J. Albert Smith Jr. Director 417 $132.65 $55,315 09/30/2021 Stefan M. Selig Director 94 $132.65 $12,469 09/30/2021 Daniel C. Smith Director 206 $132.65 $27,326 09/30/2021 Gary M. Rodkin Director 116 $132.65 $15,387 09/30/2021 Reuben S. Leibowitz Director 301 $132.65 $39,928 09/30/2021 Allan B. Hubbard Director 240 $132.65 $31,836 12/31/2021 Glyn Aeppel Director 97 $160.28 $15,547 12/31/2021 Larry C. Glasscock Director 192 $160.28 $30,773 12/31/2021 Karen N. Horn Director 304 $160.28 $48,724 12/31/2021 Allan B. Hubbard Director 221 $160.28 $35,421 12/31/2021 Reuben S. Leibowitz Director 277 $160.28 $44,396 12/31/2021 Gary M. Rodkin Director 107 $160.28 $17,149 12/31/2021 Stefan M. Selig Director 86 $160.28 $13,784 12/31/2021 Daniel C. Smith Director 189 $160.28 $30,292 12/31/2021 J. Albert Smith Jr. Director 384 $160.28 $61,546 12/31/2021 Marta R. Stewart Director 79 $160.28 $12,662 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc (Symbol: D), which makes up 0.84% of the WisdomTree U.S. High Dividend Fund (DHS), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $7,894,616 worth of D, making it the #28 largest holding. The table below details the recent insider buying activity observed at D: D — last trade: $80.72 — Recent Insider Buys:
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698777.0
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2022-03-04 00:00:00 UTC
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Algonquin Power & Utilities (AQN) Q4 Earnings Match Estimates
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D
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https://www.nasdaq.com/articles/algonquin-power-utilities-aqn-q4-earnings-match-estimates
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nan
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nan
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Algonquin Power & Utilities’ AQN fourth-quarter 2021 earnings of 21 cents per share came in line with the Zacks Consensus Estimate and the year-ago quarter figure.
In 2021, earnings per share were 71 cents, up 10.9% year over year. Earnings matched the Zacks Consensus Estimate.
Revenues
Algonquin Power & Utilities’ revenues of $594.8 million surpassed the Zacks Consensus Estimate of $594 million by 0.1%. The top line also improved 21% from the year-ago figure of $491 million.
In 2021, total revenues of $2.28 billion improved 36% year over year from $1.68 billion. Total revenues came in line with the Zacks Consensus Estimate.
Algonquin Power & Utilities Corp. Price, Consensus and EPS Surprise
Algonquin Power & Utilities Corp. price-consensus-eps-surprise-chart | Algonquin Power & Utilities Corp. Quote
Highlights of the Release
Algonquin Power & Utilities continues to work on its ‘greening the fleet' initiative. This initiative includes the addition of 600 MW new wind energy generation providing services to Regulated Services Group's electric customers.
Algonquin Power & Utilities’ unit completed the acquisition of the North Fork Ridge Wind Facility, Kings Point and Neosho Ridge Wind Facilities, which will assist in achieving its clean energy generation target.
Total expenses in 2021 increased nearly 46.6% year over year to $1.8 billion.
Operating income in 2021 increased nearly 9.2% year over year to $419.3 million.
Interest expenses were $209.6 million in 2021, up 15.2% from the 2020 level.
Financial Highlights
Cash and cash equivalents were $125.2 million as of Dec 31, 2021, compared with $101.6 million on Dec 31, 2020.
Long-term debt was $5,854.9 million as of Dec 31, 2021, compared with $4,398.6 million on Dec 31, 2020.
Cash provided from operating activities in 2021 was $157.4 million compared with $505.2 million in 2020.
Guidance
Algonquin Power & Utilities expects 2022 earnings per share in the range of 72-77 cents per share. The mid-point of the guidance range is 75 cents, which is on par with the Zacks Consensus Estimate.
Algonquin Power & Utilities reiterated its long-term capital expenditure plans and aims to invest $12.4 billion in the 2022-2026 time frame. Out of the planned expenditure, AQN will invest 70% in Regulated Services Group and 30% will be invested in Renewable Energy Group
Zacks Rank
Algonquin Power & Utilities currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. NextEra Energy’s long-term (three to five) earnings growth is projected at 8.8%. The Zacks Consensus Estimate for NEE’s 2022 earnings indicates year-over-year growth of 8.6%.
Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. Dominion’s long-term earnings growth is projected at 6.6%. The Zacks Consensus Estimate for D’s 2022 earnings indicates year-over-year growth of 6.7%.
AVANGRID, Inc. AGR reported fourth-quarter 2021 earnings of 44 cents per share, beating the Zacks Consensus Estimate of 39 cents by 12.8%. AVANGRID’s long-term earnings growth is projected at 7.7%. The Zacks Consensus Estimate for AGR’s 2023 earnings indicates year-over-year growth of 13.9%.
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Algonquin Power & Utilities Corp. (AQN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Algonquin Power & Utilities’ AQN fourth-quarter 2021 earnings of 21 cents per share came in line with the Zacks Consensus Estimate and the year-ago quarter figure. Algonquin Power & Utilities reiterated its long-term capital expenditure plans and aims to invest $12.4 billion in the 2022-2026 time frame. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Algonquin Power & Utilities Corp. Price, Consensus and EPS Surprise Algonquin Power & Utilities Corp. price-consensus-eps-surprise-chart | Algonquin Power & Utilities Corp. Quote Highlights of the Release Algonquin Power & Utilities continues to work on its ‘greening the fleet' initiative. Out of the planned expenditure, AQN will invest 70% in Regulated Services Group and 30% will be invested in Renewable Energy Group Zacks Rank Algonquin Power & Utilities currently carries a Zacks Rank #4 (Sell). Other Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%.
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Revenues Algonquin Power & Utilities’ revenues of $594.8 million surpassed the Zacks Consensus Estimate of $594 million by 0.1%. Algonquin Power & Utilities Corp. Price, Consensus and EPS Surprise Algonquin Power & Utilities Corp. price-consensus-eps-surprise-chart | Algonquin Power & Utilities Corp. Quote Highlights of the Release Algonquin Power & Utilities continues to work on its ‘greening the fleet' initiative. Other Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%.
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Algonquin Power & Utilities’ AQN fourth-quarter 2021 earnings of 21 cents per share came in line with the Zacks Consensus Estimate and the year-ago quarter figure. Revenues Algonquin Power & Utilities’ revenues of $594.8 million surpassed the Zacks Consensus Estimate of $594 million by 0.1%. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
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698778.0
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2022-03-04 00:00:00 UTC
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D Added as Top 10 Utility Dividend Stock With 3.31% Yield
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D
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https://www.nasdaq.com/articles/d-added-as-top-10-utility-dividend-stock-with-3.31-yield
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Dominion Energy Inc (Symbol: D) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among utilities, D shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Dominion Energy Inc, and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
The annualized dividend paid by Dominion Energy Inc is $2.67/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/03/2022. Below is a long-term dividend history chart for D, which Dividend Channel stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
The Top 10 DividendRank'ed Utility Stocks »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The report also cited the strong quarterly dividend history at Dominion Energy Inc, and favorable long-term multi-year growth rates in key fundamental data points. The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
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Dominion Energy Inc (Symbol: D) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among utilities, D shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Dominion Energy Inc, and favorable long-term multi-year growth rates in key fundamental data points.
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Dominion Energy Inc (Symbol: D) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report also cited the strong quarterly dividend history at Dominion Energy Inc, and favorable long-term multi-year growth rates in key fundamental data points. The annualized dividend paid by Dominion Energy Inc is $2.67/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/03/2022.
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The report also cited the strong quarterly dividend history at Dominion Energy Inc, and favorable long-term multi-year growth rates in key fundamental data points. The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. Below is a long-term dividend history chart for D, which Dividend Channel stressed as being of key importance.
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698779.0
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2022-03-01 00:00:00 UTC
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Ex-Dividend Reminder: Kimberly-Clark, TEGNA and Dominion Energy
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-kimberly-clark-tegna-and-dominion-energy
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Looking at the universe of stocks we cover at Dividend Channel, on 3/3/22, Kimberly-Clark Corp. (Symbol: KMB), TEGNA Inc (Symbol: TGNA), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. Kimberly-Clark Corp. will pay its quarterly dividend of $1.16 on 4/4/22, TEGNA Inc will pay its quarterly dividend of $0.095 on 4/1/22, and Dominion Energy Inc will pay its quarterly dividend of $0.6675 on 3/20/22. As a percentage of KMB's recent stock price of $129.88, this dividend works out to approximately 0.89%, so look for shares of Kimberly-Clark Corp. to trade 0.89% lower — all else being equal — when KMB shares open for trading on 3/3/22. Similarly, investors should look for TGNA to open 0.41% lower in price and for D to open 0.84% lower, all else being equal.
Below are dividend history charts for KMB, TGNA, and D, showing historical dividends prior to the most recent ones declared.
Kimberly-Clark Corp. (Symbol: KMB):
TEGNA Inc (Symbol: TGNA):
Dominion Energy Inc (Symbol: D):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.57% for Kimberly-Clark Corp., 1.65% for TEGNA Inc, and 3.34% for Dominion Energy Inc.
In Tuesday trading, Kimberly-Clark Corp. shares are currently off about 0.2%, TEGNA Inc shares are up about 0.3%, and Dominion Energy Inc shares are up about 0.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of KMB's recent stock price of $129.88, this dividend works out to approximately 0.89%, so look for shares of Kimberly-Clark Corp. to trade 0.89% lower — all else being equal — when KMB shares open for trading on 3/3/22. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 3.57% for Kimberly-Clark Corp., 1.65% for TEGNA Inc, and 3.34% for Dominion Energy Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/3/22, Kimberly-Clark Corp. (Symbol: KMB), TEGNA Inc (Symbol: TGNA), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. Kimberly-Clark Corp. will pay its quarterly dividend of $1.16 on 4/4/22, TEGNA Inc will pay its quarterly dividend of $0.095 on 4/1/22, and Dominion Energy Inc will pay its quarterly dividend of $0.6675 on 3/20/22. Kimberly-Clark Corp. (Symbol: KMB): TEGNA Inc (Symbol: TGNA): Dominion Energy Inc (Symbol: D): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/3/22, Kimberly-Clark Corp. (Symbol: KMB), TEGNA Inc (Symbol: TGNA), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. Kimberly-Clark Corp. will pay its quarterly dividend of $1.16 on 4/4/22, TEGNA Inc will pay its quarterly dividend of $0.095 on 4/1/22, and Dominion Energy Inc will pay its quarterly dividend of $0.6675 on 3/20/22. Kimberly-Clark Corp. (Symbol: KMB): TEGNA Inc (Symbol: TGNA): Dominion Energy Inc (Symbol: D): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of KMB's recent stock price of $129.88, this dividend works out to approximately 0.89%, so look for shares of Kimberly-Clark Corp. to trade 0.89% lower — all else being equal — when KMB shares open for trading on 3/3/22. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.57% for Kimberly-Clark Corp., 1.65% for TEGNA Inc, and 3.34% for Dominion Energy Inc.
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698780.0
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2022-03-01 00:00:00 UTC
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Exelon's (EXC) 2021 Earnings and Revenues Beat Estimates
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https://www.nasdaq.com/articles/exelons-exc-2021-earnings-and-revenues-beat-estimates
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Exelon Corporation’s EXC 2021 earnings of $2.82 per share surpassed the Zacks Consensus Estimate of $2.55 by 10.6%.
The bottom line, however, decreased 12.4% from the year-ago earnings of $3.22 per share. The year-over-year decline in earnings was primarily due to adverse impacts of February 2021 extreme cold weather, and higher net unrealized and realized losses on equity investments.
On a GAAP basis, 2021 earnings were $1.74 per share compared with $2.01 in 2020.
Total Revenues
Exelon's 2022 total revenues of $36.3 billion surpassed the Zacks Consensus Estimate of $34.8 billion by 4.3%. The top line also improved nearly 10% from the year-ago figure of $33.1 billion.
Exelon Corporation Price, Consensus and EPS Surprise
Exelon Corporation price-consensus-eps-surprise-chart | Exelon Corporation Quote
Highlights of the Release
Exelon's 2021 total operating expenses increased nearly 11.6% year over year to $33.8 billion. The increase was due to a rise in purchased power and fuel expenses.
Interest expenses in 2021 were $1.5 billion, down 4% from the year-ago quarter.
Planned Separation
On Feb 1, 2022, Exelon and Constellation Energy Corp. became two separate entities as planned. Exelon will focus solely on transmission and distribution operations, and Constellation Energy will concentrate on power generation and the competitive energy business.
Financial Highlights
Cash and cash equivalents were $1,182 million as of Dec 31, 2021 compared with $663 million as of Dec 31, 2020,.
Long-term debt was $35,324 million as of Dec 31, 2021 compared with $35,093 million as of Dec 31, 2020..
Cash provided from operating activities for 2021 was $3,012 million compared with $4,235 million in 2020.
Guidance
Exelon expects its 2022 earnings guidance in the range of $2.18-$2.32 per share. The midpoint of the revised guided range is $2.25, lower than the Zacks Consensus Estimate of $2.64 per share for the period.
Exelon has plans to invest $29 billion in the 2022-2025 time period to further strengthen its electric transmission and distribution as well as gas delivery infrastructure.
Exelon expects earnings and dividend per share (subject to board’s approval) to increase in the range of 6-8% through 2025.
Zacks Rank
Exelon has a Zacks Rank #5 (Strong Sell) at present.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. NextEra Energy’s long-term (three to five) earnings growth is projected at 8.8%. The Zacks Consensus Estimate for NEE’s 2022 earnings indicates year-over-year growth of 8.6%.
Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. Dominion’s long-term earnings growth is projected at 6.6%. The Zacks Consensus Estimate for D’s 2022 earnings indicates year-over-year growth of 6.7%.
AVANGRID, Inc. AGR reported fourth-quarter 2021 earnings of 44 cents per share, beating the Zacks Consensus Estimate of 39 cents by 12.8%. AVANGRID’s long-term earnings growth is projected at 7.7%. The Zacks Consensus Estimate for AGR’s 2023 earnings indicates year-over-year growth of 13.9%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Exelon Corporation (EXC): Free Stock Analysis Report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Avangrid, Inc. (AGR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The year-over-year decline in earnings was primarily due to adverse impacts of February 2021 extreme cold weather, and higher net unrealized and realized losses on equity investments. Exelon has plans to invest $29 billion in the 2022-2025 time period to further strengthen its electric transmission and distribution as well as gas delivery infrastructure. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
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Total Revenues Exelon's 2022 total revenues of $36.3 billion surpassed the Zacks Consensus Estimate of $34.8 billion by 4.3%. Exelon Corporation Price, Consensus and EPS Surprise Exelon Corporation price-consensus-eps-surprise-chart | Exelon Corporation Quote Highlights of the Release Exelon's 2021 total operating expenses increased nearly 11.6% year over year to $33.8 billion. Other Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%.
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Exelon Corporation Price, Consensus and EPS Surprise Exelon Corporation price-consensus-eps-surprise-chart | Exelon Corporation Quote Highlights of the Release Exelon's 2021 total operating expenses increased nearly 11.6% year over year to $33.8 billion. Other Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
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Exelon Corporation’s EXC 2021 earnings of $2.82 per share surpassed the Zacks Consensus Estimate of $2.55 by 10.6%. Exelon Corporation Price, Consensus and EPS Surprise Exelon Corporation price-consensus-eps-surprise-chart | Exelon Corporation Quote Highlights of the Release Exelon's 2021 total operating expenses increased nearly 11.6% year over year to $33.8 billion. The Zacks Consensus Estimate for AGR’s 2023 earnings indicates year-over-year growth of 13.9%.
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698781.0
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2022-02-26 00:00:00 UTC
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3 Stocks to Hold Right Through the Next Market Downturn (and Maybe Even Add to)
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https://www.nasdaq.com/articles/3-stocks-to-hold-right-through-the-next-market-downturn-and-maybe-even-add-to
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Stock market corrections can be challenging for investors. The uncertainty makes it tough to know if your stocks will make it through. That's why it's a good idea to make sure you own companies built to endure tough times.
We asked some of our contributors for their favorite stocks to own when times gets tough. Here's why they believe Dominion Energy (NYSE: D), Nucor (NYSE: NUE), and NextEra Energy (NYSE: NEE) are great to hold, and even add to, when the stock market gets turbulent.
Boring on purpose
Reuben Gregg Brewer (Dominion Energy): Once, many years ago, Dominion Energy was a widely diversified energy company, with oil drilling assets, a midstream business, and a utility all under one roof. In an effort to simplify its business, and minimize risk, it has pared its portfolio down to just utilities. This is a regulated business, in which Dominion has to justify its rates to regulators and, in exchange, is granted a monopoly in the areas where it operates.
That makes Dominion a very reliable business, given that electricity is basically one of the most important things supporting modern life. Sure, demand tends to fall in times of economic weakness, but not that much. It is a boring, safe stock now that its multiyear transformation has been completed.
Image source: Getty Images.
But what do investors get now? For starters, a fairly generous dividend yield of 3.3% or so. Although the dividend was cut in 2020, that was because of the sale of its midstream business to Berkshire Hathaway.
That sale allowed Dominion to solidify its balance sheet and set it up for more-reliable and robust dividend growth. The goal is to increase the dividend at an annual rate of 6% through 2025, backed by capital investment totaling around $32 billion. Because of the importance of electricity and the regulated nature of the utility sector, that spending, or at least most of it, will take place even if there's a bear market or a recession.
So you can focus on the dividends you are collecting instead of the market turbulence. And if Dominion's shares take a hit, too, you might even consider bulking up your position so you can collect even more of the growing dividend from what is now a utility-focused business.
Any drop in this stock's price is an opportunity
Neha Chamaria (Nucor): Nucor is the kind of stock that could take a big hit during a market downturn, but it's also one stock you'd not only want to hold throughout, but even buy while it's still cheap.
I'll give you two reasons: Nucor is one of the most well run and established players in an industry vital to the economy, so its stock price is also likely to bottom out quickly once the market bounces back. And in between, Nucor should help you earn passive income in the form of a regular dividend, which now yields about 1.7%.
In fact, Nucor doesn't just pay a regular dividend but is a Dividend Aristocrat that has increased its dividend every year for the last 49 years (leaving it one year away from Dividend King status). Last December, Nucor increased its dividend by a solid 23% as the company's profits and cash flows expanded -- 2021 was a record year for Nucor.
With spending on infrastructure on the rise under the Biden administration, demand for Nucor's steel products should remain strong. The company is already looking forward to a strong year, and there's no reason it won't be able to increase its dividend yet again this year. Given the backdrop, you'd want to consider any drop in Nucor's stock price in a market downturn as an opportunity to own a rock-solid infrastructure stock.
A safe haven when the market gets shaky
Matt DiLallo (NextEra Energy): NextEra Energy has one of the lowest-risk business models around. Its Florida-based electric utility generates relatively stable earnings by distributing energy to end-users under government-regulated rates. Meanwhile, its clean-energy infrastructure business produces steady cash flow by selling power to other utilities and large electricity consumers secured by long-term fixed-rate contracts.
Adding to NextEra Energy's overall stability is its financial profile. It has a conservative dividend payout ratio for a utility and has one of the strongest balance sheets in the sector. That gives it the financial flexibility to continue expanding its operations in Florida and its renewable energy business.
The company already has enough expansion-related investments to grow its earnings per share by 10% this year. Meanwhile, it sees earnings growth coming in at or near the upper end of its long-term target range of 6% to 8% annually through 2025. Powering that growth is the company's rising backlog of renewable energy development projects and investments to enhance its utility in Florida. This forecast supports the company's belief that it can increase its dividend by around a 10% annual rate through 2024.
Given the company's steady growth, NextEra is a great stock to hold when the market starts to nose-dive. While its share price might take a hit (which would be a good time to add shares), its earnings should continue heading higher even if the economy goes into recession. Add in its rock-solid 2%-plus dividend yield, and it's a safe haven amid the market's storm.
10 stocks we like better than Dominion Energy, Inc
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Dominion Energy, Inc wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 20, 2022
Matthew DiLallo owns Berkshire Hathaway (B shares) and NextEra Energy. Neha Chamaria has no position in any of the stocks mentioned. Reuben Gregg Brewer owns Dominion Energy, Inc and Nucor. The Motley Fool owns and recommends Berkshire Hathaway (B shares) and NextEra Energy. The Motley Fool recommends Dominion Energy, Inc and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I'll give you two reasons: Nucor is one of the most well run and established players in an industry vital to the economy, so its stock price is also likely to bottom out quickly once the market bounces back. Meanwhile, its clean-energy infrastructure business produces steady cash flow by selling power to other utilities and large electricity consumers secured by long-term fixed-rate contracts. Powering that growth is the company's rising backlog of renewable energy development projects and investments to enhance its utility in Florida.
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Here's why they believe Dominion Energy (NYSE: D), Nucor (NYSE: NUE), and NextEra Energy (NYSE: NEE) are great to hold, and even add to, when the stock market gets turbulent. See the 10 stocks *Stock Advisor returns as of January 20, 2022 Matthew DiLallo owns Berkshire Hathaway (B shares) and NextEra Energy. The Motley Fool recommends Dominion Energy, Inc and recommends the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares).
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Boring on purpose Reuben Gregg Brewer (Dominion Energy): Once, many years ago, Dominion Energy was a widely diversified energy company, with oil drilling assets, a midstream business, and a utility all under one roof. Any drop in this stock's price is an opportunity Neha Chamaria (Nucor): Nucor is the kind of stock that could take a big hit during a market downturn, but it's also one stock you'd not only want to hold throughout, but even buy while it's still cheap. In fact, Nucor doesn't just pay a regular dividend but is a Dividend Aristocrat that has increased its dividend every year for the last 49 years (leaving it one year away from Dividend King status).
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Any drop in this stock's price is an opportunity Neha Chamaria (Nucor): Nucor is the kind of stock that could take a big hit during a market downturn, but it's also one stock you'd not only want to hold throughout, but even buy while it's still cheap. Last December, Nucor increased its dividend by a solid 23% as the company's profits and cash flows expanded -- 2021 was a record year for Nucor. The Motley Fool owns and recommends Berkshire Hathaway (B shares) and NextEra Energy.
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698782.0
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2022-02-24 00:00:00 UTC
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NRG Energy (NRG) Q4 Loss Narrower Than Expected, '21 Sales Up
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https://www.nasdaq.com/articles/nrg-energy-nrg-q4-loss-narrower-than-expected-21-sales-up
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NRG Energy, Inc. NRG incurred fourth-quarter 2021 loss of 97 cents per share, narrower than the Zacks Consensus Estimate loss of $1.37. In the year-ago quarter, NRG reported an adjusted loss of 53 cents.
Revenues
NRG Energy’s 2021 revenues came in at $26.9 billion, up a whopping 196.8% year over year and surpassed the Zacks Consensus Estimate of $22.7 billion by 18.5%.
NRG Energy, Inc. Price, Consensus and EPS Surprise
NRG Energy, Inc. price-consensus-eps-surprise-chart | NRG Energy, Inc. Quote
Highlights of the Release
Fourth-quarter adjusted EBITDA was $433 million, up 3.1% from $330 million in the year-ago quarter.
The company’s total operating costs and expenses in 2021 amounted to $23.89 billion, up 199% from $8 billion in 2020.
Interest expenses of $106 million decreased 2.7% from the prior-year quarter’s $109 million.
Financial Highlights
As of Dec 31, 2021, NRG Energy had cash and cash equivalents worth $250 million compared with $3,905 million on Dec 31, 2020.
As of Dec 31, 2021, NRG’s long-term debt and finance leases amounted to $7,966 million compared with $8,691 million on Dec 31, 2020.
Cash provided by operating activities in 2021 was $493 million compared with $1,837 million in 2020.
Capital expenditures in 2021 were $269 million compared with $230 million in 2020.
Guidance
NRG Energy expects 2022 adjusted EBITDA in the range of $1,950-$2,250. NRG now expects 2021 free cash flow before growth investments in the band of $1,140-$1,440 million.
NRG Energy envisions 2022 cash flow from operations in the band of $1,380-$1,680 million. It expects 2022 capital expenditure in the range of $225-$250 million.
Zacks Rank
NRG Energy has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peer Releases
NextEra Energy NEE delivered fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%.
NextEra Energy’s long-term (three to five) earnings growth is projected at 8.8%. The Zacks Consensus Estimate for NEE’s 2022 earnings indicates year-over-year growth of 8.6%.
Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
Dominion’s long-term earnings growth is projected at 6.6%. The Zacks Consensus Estimate for D’s 2022 indicates a year-over-year decline of 6.7%.
WEC Energy Group WEC reported fourth-quarter 2021 operating earnings per share of 71 cents, which surpassed the Zacks Consensus Estimate of 68 cents by 4.4%.
WEC Energy’s long-term earnings growth is projected at 6%. The Zacks Consensus Estimate for WEC’s 2022 earnings indicates year-over-year growth of 4.6%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
NRG Energy, Inc. (NRG): Free Stock Analysis Report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NRG now expects 2021 free cash flow before growth investments in the band of $1,140-$1,440 million. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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NRG Energy, Inc. Price, Consensus and EPS Surprise NRG Energy, Inc. price-consensus-eps-surprise-chart | NRG Energy, Inc. Quote Highlights of the Release Fourth-quarter adjusted EBITDA was $433 million, up 3.1% from $330 million in the year-ago quarter. Peer Releases NextEra Energy NEE delivered fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. WEC Energy Group WEC reported fourth-quarter 2021 operating earnings per share of 71 cents, which surpassed the Zacks Consensus Estimate of 68 cents by 4.4%.
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NRG Energy, Inc. NRG incurred fourth-quarter 2021 loss of 97 cents per share, narrower than the Zacks Consensus Estimate loss of $1.37. NRG Energy, Inc. Price, Consensus and EPS Surprise NRG Energy, Inc. price-consensus-eps-surprise-chart | NRG Energy, Inc. Quote Highlights of the Release Fourth-quarter adjusted EBITDA was $433 million, up 3.1% from $330 million in the year-ago quarter. WEC Energy Group WEC reported fourth-quarter 2021 operating earnings per share of 71 cents, which surpassed the Zacks Consensus Estimate of 68 cents by 4.4%.
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NRG now expects 2021 free cash flow before growth investments in the band of $1,140-$1,440 million. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. NRG Energy, Inc. NRG incurred fourth-quarter 2021 loss of 97 cents per share, narrower than the Zacks Consensus Estimate loss of $1.37.
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698783.0
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2022-02-23 00:00:00 UTC
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AVANGRID's (AGR) Q4 Earnings & Revenues Surpass Estimates
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https://www.nasdaq.com/articles/avangrids-agr-q4-earnings-revenues-surpass-estimates
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AVANGRID, Inc. AGR reported fourth-quarter 2021 earnings of 44 cents per share, beating the Zacks Consensus Estimate of 39 cents by 12.8%. Earnings per share were down 29% from the prior-year figure of 62 cents.
GAAP earnings for the quarter were 42 cents per share, down 22.2% from the prior-year reading. The primary reason behind the difference between GAAP and non-GAAP earnings was due to merger costs.
Adjusted earnings of AVANGRID for 2021 were $2.18 per share, beating the Zacks Consensus Estimate of $2.15 by 1.4%. Earnings per share came within the guided range of $2.04-$2.22.
Total Revenues
Total operating revenues for the fourth quarter were $1,933 million, surpassing the Zacks Consensus Estimate of $1,665 million by 16.1%. Revenues also increased 15.8% from $1,669 million in the comparable period of 2020.
Total revenues for 2021 were $6.9 billion, increasing 10.3% year over year and surpassing the Zacks Consensus Estimate of $6.71 billion by 3.9%.
Avangrid, Inc. Price, Consensus and EPS Surprise
Avangrid, Inc. price-consensus-eps-surprise-chart | Avangrid, Inc. Quote
Highlights of the Release
Total operating expenses for the quarter under review summed $1,713 million, up 18.4% from $1,447 million in the comparable period of 2020.
Operating income was $220 million, down 0.9% from $222 million in the fourth quarter of 2020.
AVANGRID’s deal to buy all outstanding shares of PNM Resource did not receive the necessary approval from the New Mexico utility regulators. As a consequence, both the companies signed an amendment of the merger agreement to push the closure date to Apr 20, 2023.
Guidance
AVANGRID expects 2022 adjusted net income and earnings per share in the range of $850-$920 million and $2.20-$2.38, respectively. The Zacks Consensus Estimate for earnings of $2.12 per share is higher than $2.29, the midpoint of the guided range for the same.
In 2022, AVANGRID has plans to spend $1.9 billion to further strengthen its infrastructure and provide reliable services to customers.
Zacks Rank
AVANGRID currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. NextEra Energy’s long-term (three to five) earnings growth is projected at 8.8%. The Zacks Consensus Estimate for NEE’s 2022 earnings indicates year-over-year growth of 8.6%.
Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. Dominion’s long-term earnings growth is projected at 6.6%. The Zacks Consensus Estimate for D’s 2022 earnings indicates a year-over-year decline of 6.4%.
Eversource Energy ES reported fourth-quarter 2021 operating earnings of 91 cents per share, which lagged the Zacks Consensus Estimate of 93 cents by 2.2%. Eversource’s long-term earnings growth is projected at 6.1%. The Zacks Consensus Estimate for ES’ 2022 earnings indicates year-over-year growth of 6.6%.
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NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Eversource Energy (ES): Free Stock Analysis Report
Avangrid, Inc. (AGR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AVANGRID’s deal to buy all outstanding shares of PNM Resource did not receive the necessary approval from the New Mexico utility regulators. Guidance AVANGRID expects 2022 adjusted net income and earnings per share in the range of $850-$920 million and $2.20-$2.38, respectively. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
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AVANGRID, Inc. AGR reported fourth-quarter 2021 earnings of 44 cents per share, beating the Zacks Consensus Estimate of 39 cents by 12.8%. Other Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. Earnings per share were down 29% from the prior-year figure of 62 cents.
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AVANGRID, Inc. AGR reported fourth-quarter 2021 earnings of 44 cents per share, beating the Zacks Consensus Estimate of 39 cents by 12.8%. Other Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. Eversource Energy ES reported fourth-quarter 2021 operating earnings of 91 cents per share, which lagged the Zacks Consensus Estimate of 93 cents by 2.2%.
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GAAP earnings for the quarter were 42 cents per share, down 22.2% from the prior-year reading. Other Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
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698784.0
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2022-02-22 00:00:00 UTC
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Noteworthy ETF Outflows: XLU, NEE, SO, D
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xlu-nee-so-d
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $672.1 million dollar outflow -- that's a 4.9% decrease week over week (from 208,870,000 to 198,720,000). Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is up about 0.2%, Southern Company (Symbol: SO) is up about 0.5%, and Dominion Energy Inc (Symbol: D) is higher by about 0.1%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $66.23. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $672.1 million dollar outflow -- that's a 4.9% decrease week over week (from 208,870,000 to 198,720,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $66.23. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $672.1 million dollar outflow -- that's a 4.9% decrease week over week (from 208,870,000 to 198,720,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $66.23. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $672.1 million dollar outflow -- that's a 4.9% decrease week over week (from 208,870,000 to 198,720,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $66.23. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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698785.0
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2022-02-18 00:00:00 UTC
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Alliant (LNT) Meets Q4 Earnings Estimates, Ups 2022 View
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https://www.nasdaq.com/articles/alliant-lnt-meets-q4-earnings-estimates-ups-2022-view
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Alliant Energy Corporation LNT reported fourth-quarter 2021 operating earnings of 35 cents, on par with the Zacks Consensus Estimate. Earnings improved 45.8% from the year-ago figure.
Operating earnings per share for 2021 were $2.63, up 8.2% year over year. Full-year earnings came within the guided range of $2.61-$2.67 per share.
Revenues
Fourth-quarter revenues came in at $927 million, improving 13.5% year over year. The year-over-year improvement was primarily due to strong contributions from its Electric and Gas operations.
Total revenues for 2021 were $3,669 million, up 7.4% year over year.
Alliant Energy Corporation Price, Consensus and EPS Surprise
Alliant Energy Corporation price-consensus-eps-surprise-chart | Alliant Energy Corporation Quote
Operational Highlights
For the fourth quarter, the company’s retail electric and gas utility customers grew 0.8% and 0.7% year over year, respectively. Electric volumes improved 6.2% year over year due to strong power sales volume to commercial and industrial customers. Gas sold and transported volumes for the reported quarter improved 1.1% year over year due to an improvement in transportation sales volume.
Total operating expenses were $795 million for the reported quarter, increasing 12.8% from $705 million in the year-ago period. This increase was due to higher cost of electric transmission services and increased production fuel and purchased power expenses.
Operating income was $132 million, up 17.9% from $112 million in the year-ago quarter.
Interest expenses were $71 million, up 4.4% from the prior-year quarter.
Financial Update
Cash and cash equivalents were $20 million as of Dec 31, 2021, down from $54 million on Dec 31, 2020.
Long-term debt (excluding current portion) was $6,735 million as of Dec 31, 2021, lower than $6,769 million in the corresponding period of 2020.
For 2021, cash flow from operating activities was $582 million compared with $501 million in the year-ago period.
Guidance
Alliant raised its 2022 earnings guidance to the range of $2.67-$2.81 from $2.65-$2.79 per share. The guidance takes into account the company’s increased 2022 capital expenditure related to solar generation.
Alliant’s 2022 earnings per share expectation indicates an improvement from the 2021 figure of $2.63. The midpoint of the 2022 earnings guidance is $2.74, a tad lower than the Zacks Consensus Estimate of $2.75 for the period.
Alliant plans to invest $6 billion in the 2022-2025 time period to strengthen operations.
Zacks Rank
Currently, Alliant carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%.
NextEra Energy’s long-term (three to five) earnings growth is projected at 8.8%. The Zacks Consensus Estimate for NEE’s 2022 earnings indicates year-over-year growth of 8.6%.
Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
Dominion’s long-term earnings growth is projected at 6%. The Zacks Consensus Estimate for D’s 2022 earnings indicates a year-over-year decline of 6.7%.
Eversource Energy ES reported fourth-quarter 2021 operating earnings of 91 cents per share, which lagged the Zacks Consensus Estimate of 93 cents by 2.2%.
Eversource’s long-term earnings growth is projected at 6.2%. The Zacks Consensus Estimate for ES’ 2022 earnings indicates year-over-year growth of 6.5%.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Alliant Energy Corporation (LNT): Free Stock Analysis Report
Eversource Energy (ES): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alliant Energy Corporation LNT reported fourth-quarter 2021 operating earnings of 35 cents, on par with the Zacks Consensus Estimate. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Alliant Energy Corporation LNT reported fourth-quarter 2021 operating earnings of 35 cents, on par with the Zacks Consensus Estimate. Other Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. Eversource Energy ES reported fourth-quarter 2021 operating earnings of 91 cents per share, which lagged the Zacks Consensus Estimate of 93 cents by 2.2%.
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Alliant Energy Corporation Price, Consensus and EPS Surprise Alliant Energy Corporation price-consensus-eps-surprise-chart | Alliant Energy Corporation Quote Operational Highlights For the fourth quarter, the company’s retail electric and gas utility customers grew 0.8% and 0.7% year over year, respectively. Other Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. Eversource Energy ES reported fourth-quarter 2021 operating earnings of 91 cents per share, which lagged the Zacks Consensus Estimate of 93 cents by 2.2%.
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Alliant Energy Corporation LNT reported fourth-quarter 2021 operating earnings of 35 cents, on par with the Zacks Consensus Estimate. Total operating expenses were $795 million for the reported quarter, increasing 12.8% from $705 million in the year-ago period. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
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698786.0
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2022-02-17 00:00:00 UTC
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Thursday 2/17 Insider Buying Report: D, SON
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https://www.nasdaq.com/articles/thursday-2-17-insider-buying-report%3A-d-son
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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Wednesday, Dominion Energy's CEO, Robert M. Blue, made a $249,325 purchase of D, buying 3,180 shares at a cost of $78.40 a piece. Dominion Energy Inc is trading up about 0.6% on the day Thursday. Before this latest buy, Blue bought D on 3 other occasions during the past year, for a total investment of $1.5M at an average of $71.28 per share.
And at Sonoco Products, there was insider buying on Tuesday, by Staff VP,Treasurer Harold G. Cummings III who bought 2,200 shares at a cost of $56.45 each, for a total investment of $124,187. Sonoco Products is trading up about 0.8% on the day Thursday. So far Cummings III is in the green, up about 3.4% on their buy based on today's trading high of $58.36.
VIDEO: Thursday 2/17 Insider Buying Report: D, SON
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Wednesday, Dominion Energy's CEO, Robert M. Blue, made a $249,325 purchase of D, buying 3,180 shares at a cost of $78.40 a piece. Before this latest buy, Blue bought D on 3 other occasions during the past year, for a total investment of $1.5M at an average of $71.28 per share. And at Sonoco Products, there was insider buying on Tuesday, by Staff VP,Treasurer Harold G. Cummings III who bought 2,200 shares at a cost of $56.45 each, for a total investment of $124,187.
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Before this latest buy, Blue bought D on 3 other occasions during the past year, for a total investment of $1.5M at an average of $71.28 per share. And at Sonoco Products, there was insider buying on Tuesday, by Staff VP,Treasurer Harold G. Cummings III who bought 2,200 shares at a cost of $56.45 each, for a total investment of $124,187. VIDEO: Thursday 2/17 Insider Buying Report: D, SON The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Wednesday, Dominion Energy's CEO, Robert M. Blue, made a $249,325 purchase of D, buying 3,180 shares at a cost of $78.40 a piece. And at Sonoco Products, there was insider buying on Tuesday, by Staff VP,Treasurer Harold G. Cummings III who bought 2,200 shares at a cost of $56.45 each, for a total investment of $124,187. VIDEO: Thursday 2/17 Insider Buying Report: D, SON The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. And at Sonoco Products, there was insider buying on Tuesday, by Staff VP,Treasurer Harold G. Cummings III who bought 2,200 shares at a cost of $56.45 each, for a total investment of $124,187.
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698787.0
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2022-02-17 00:00:00 UTC
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IDACORP (IDA) Misses on Q4 Earnings, Expects to Add Clean Energy
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https://www.nasdaq.com/articles/idacorp-ida-misses-on-q4-earnings-expects-to-add-clean-energy
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IDACORP, Inc. IDA reported fourth-quarter 2021 earnings of 65 cents per share, which lagged the Zacks Consensus Estimate of 67 cents by 3%. The bottom line also dropped 12.2% year over year.
Operating earnings per share for 2021 were $4.85, up 3.4% year over year. Full-year earnings came within the guided range of $4.80-$4.90 per share. The year-over-year improvement is attributable to strong customer growth and higher weather-related usage per customer and transmission wheeling revenues.
IDACORP, Inc. Price, Consensus and EPS Surprise
IDACORP, Inc. price-consensus-eps-surprise-chart | IDACORP, Inc. Quote
Highlights of the Release
Customer growth in the company’s service areas increased 2.8% year over year for the 12 months ended Dec 30, 2021, which in turn boosted operating income for the fourth quarter. Customer growth boosted operating income by $3.4 million from the year-ago level.
Other O&M expenses for 2021 were up $9.2 million from a year ago, owing to a return to the normal level of purchased services and maintenance costs compared with 2020, which was affected by the COVID-19 pandemic.
In 2021, IDACORP added 5.4 megawatt (MW) hydropower generation in its portfolio.
Guidance
IDACORP initiated its 2022 earnings guidance in the range of $4.85-$5.05 per share. The Zacks Consensus Estimate for 2022 earnings is currently pegged at $5.00 per share.
Idaho Power’s capital expenditure guidance for 2022 is in the range of $480-$500 million.
Idaho Power is expected to add 5.5-57.5 MW of hydropower to its generation portfolio in 2022.
Zacks Rank
Currently, IDACORP has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%.
NextEra Energy’s long-term (three to five) earnings growth is projected at 8.8%. The Zacks Consensus Estimate for NEE’s 2022 earnings indicates year-over-year growth of 8.6%.
Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
Dominion’s long-term earnings growth is projected at 6%. The Zacks Consensus Estimate for D’s 2022 earnings indicates a year-over-year decline of 6.7%.
Eversource Energy ES reported fourth-quarter 2021 operating earnings of 91 cents per share, which lagged the Zacks Consensus Estimate of 93 cents by 2.2%.
Eversource’s long-term earnings growth is projected at 6.2%. The Zacks Consensus Estimate for ES’ 2022 earnings indicates year-over-year growth of 6.5%.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
IDACORP, Inc. (IDA): Free Stock Analysis Report
Eversource Energy (ES): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other O&M expenses for 2021 were up $9.2 million from a year ago, owing to a return to the normal level of purchased services and maintenance costs compared with 2020, which was affected by the COVID-19 pandemic. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate.
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IDACORP, Inc. IDA reported fourth-quarter 2021 earnings of 65 cents per share, which lagged the Zacks Consensus Estimate of 67 cents by 3%. Recent Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. Eversource Energy ES reported fourth-quarter 2021 operating earnings of 91 cents per share, which lagged the Zacks Consensus Estimate of 93 cents by 2.2%.
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IDACORP, Inc. IDA reported fourth-quarter 2021 earnings of 65 cents per share, which lagged the Zacks Consensus Estimate of 67 cents by 3%. Recent Releases NextEra Energy NEE reported fourth-quarter 2021 operating earnings per share of 41 cents, which surpassed the Zacks Consensus Estimate of 40 cents by 2.5%. Eversource Energy ES reported fourth-quarter 2021 operating earnings of 91 cents per share, which lagged the Zacks Consensus Estimate of 93 cents by 2.2%.
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The Zacks Consensus Estimate for NEE’s 2022 earnings indicates year-over-year growth of 8.6%. The Zacks Consensus Estimate for ES’ 2022 earnings indicates year-over-year growth of 6.5%. IDACORP, Inc. IDA reported fourth-quarter 2021 earnings of 65 cents per share, which lagged the Zacks Consensus Estimate of 67 cents by 3%.
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698788.0
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2022-02-16 00:00:00 UTC
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How Are Utility ETFs Reacting to Decent Q4 Earnings Results?
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https://www.nasdaq.com/articles/how-are-utility-etfs-reacting-to-decent-q4-earnings-results
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The utility sector has come up with mostly encouraging results so far this earnings season. Of the 17.9% S&P companies in the sector that have reported, 40% beat bottom and 60% surpassed the top-line estimates. For these companies, earnings rose 3.1% while revenues increased 13.9% year over year, per the Earnings Trends issued on Feb 9.
Investors are closely tracking the energy sector, which is showing strength as global demand and economic growth levels are on the path of recovery from the pandemic lows. The coronavirus vaccine rollout is gradually controlling the outbreak's spread across the globe. The optimism surrounding the reopening of global economies and increasing demand is painting a rosy picture for the cyclical sectors.
Oil prices have been rising since the beginning of 2022. The upside in crude oil prices is triggered by factors like easing Omicron variant concerns, supply shortage, and geopolitical tensions in Eastern Europe and the Middle East.
Meanwhile, the utility sector is a great investment area for those seeking yields and safety. It is known for its non-cyclical nature and acts as a safe haven for investors during choppy market conditions. Moreover, utilities act as a defensive option to stay invested in more rewarding equity markets. However, this should be avoided by those eyeing market-beating returns.
Against this backdrop, we take a look at some big utility earnings releases and see if these can leave an impact on ETFs exposed to the space.
Inside the Earnings Results
On Jan 25, NextEra Energy NEE reported fourth-quarter 2021 adjusted earnings of 41 cents per share, surpassing the Zacks Consensus Estimate of 40 cents by 2.5%. Earnings rose 2.5% on a year-over-year basis. In the quarter, operating revenues totaled $5.05 billion, missing the Zacks Consensus Estimate of $5.44 billion by 7.2%. However, revenues rose 14.8% year over year.
The company raised its 2022 earnings expectation to the range of $2.75-$2.85 per share from $2.55-$2.75. For 2023, NextEra Energy expects earnings per share in the range of $2.93-$3.08, up from the prior expectation of $2.97-$2.97. For 2023 through 2025, NextEra Energy expects earnings per share to grow roughly 6-8% per year,.
On Feb 11, Dominion Energy D reported fourth-quarter 2021 operating earnings of 90 cents per share, meeting the Zacks Consensus Estimate. However, operating earnings were 11.1% higher than the year-ago figure. The quarterly earnings were within the guided range of 85-95 cents per share. Total revenues came in at $3.88 billion, outpacing the consensus estimate of $3.85 billion and climbing 10.2% from the prior-year quarter’s $3.52 billion.
Dominion initiated its first-quarter 2022 operating earnings guidance in the range of $1.10-$1.25 per share. The company initiated its 2022 earnings per share view in the range of $3.95-$4.25.
On Feb 10, Duke Energy Corporation DUK reported fourth-quarter 2021 adjusted earnings of 94 cents per share, which met the Zacks Consensus Estimate. The metric was down 8.7% year over year. Total operating revenues came in at $6.24 billion, up 8% from the prior year’s $5.78 billion. The reported figure surpassed the Zacks Consensus Estimate of $6.14 billion by 1.7%.
Duke Energy has provided its 2021 adjusted EPS guidance. The company expects to generate adjusted earnings per share in the range of $5.30-$5.60.
Utility ETFs in Focus
In the current scenario, let’s discuss ETFs that have relatively high exposure to the above-mentioned utility companies:
The Utilities Select Sector SPDR Fund XLU
The fund tracks the Utilities Select Sector Index. It comprises 29 holdings, with the above-mentioned companies carrying 30.8% weight. Its AUM is $13.40 billion and expense ratio is 0.10%. The fund has lost about 2.9% since Jan 24 (as of Feb 15). It carries a Zacks ETF Rank #3 (Hold), with a Medium-risk outlook (read: 4 Defensive Sector ETFs to Protect Your Portfolio).
Vanguard Utilities ETF VPU
The fund tracks the MSCI US Investable Market Utilities 25/50 Index and includes stocks of companies that distribute electricity, water, or gas or that operate as independent power producers. It comprises 64 holdings, with the above-mentioned companies constituting 26.5%. Its AUM is $5.38 billion and expense ratio is 0.10%. It has decreased around 3.3% since Jan 24 (as of Feb 15). It carries a Zacks ETF Rank #3, with a Medium-risk outlook.
iShares U.S. Utilities ETF IDU
The fund tracks the Russell 1000 Utilities RIC 22.5/45 Capped Index, providing exposure to U.S. companies that supply electricity, gas and water. It comprises 44 holdings, with the above-mentioned companies constituting 26%. Its AUM is $821.1 million and expense ratio is 0.41%. It has declined around 3.3% since Jan 24 (as of Feb 15). The fund carries a Zacks ETF Rank of 3, with a Medium-risk outlook.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Duke Energy Corporation (DUK): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Utilities Select Sector SPDR ETF (XLU): ETF Research Reports
Vanguard Utilities ETF (VPU): ETF Research Reports
iShares U.S. Utilities ETF (IDU): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors are closely tracking the energy sector, which is showing strength as global demand and economic growth levels are on the path of recovery from the pandemic lows. The upside in crude oil prices is triggered by factors like easing Omicron variant concerns, supply shortage, and geopolitical tensions in Eastern Europe and the Middle East. On Feb 10, Duke Energy Corporation DUK reported fourth-quarter 2021 adjusted earnings of 94 cents per share, which met the Zacks Consensus Estimate.
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Inside the Earnings Results On Jan 25, NextEra Energy NEE reported fourth-quarter 2021 adjusted earnings of 41 cents per share, surpassing the Zacks Consensus Estimate of 40 cents by 2.5%. On Feb 10, Duke Energy Corporation DUK reported fourth-quarter 2021 adjusted earnings of 94 cents per share, which met the Zacks Consensus Estimate. Utility ETFs in Focus In the current scenario, let’s discuss ETFs that have relatively high exposure to the above-mentioned utility companies: The Utilities Select Sector SPDR Fund XLU The fund tracks the Utilities Select Sector Index.
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Inside the Earnings Results On Jan 25, NextEra Energy NEE reported fourth-quarter 2021 adjusted earnings of 41 cents per share, surpassing the Zacks Consensus Estimate of 40 cents by 2.5%. On Feb 11, Dominion Energy D reported fourth-quarter 2021 operating earnings of 90 cents per share, meeting the Zacks Consensus Estimate. Utility ETFs in Focus In the current scenario, let’s discuss ETFs that have relatively high exposure to the above-mentioned utility companies: The Utilities Select Sector SPDR Fund XLU The fund tracks the Utilities Select Sector Index.
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Inside the Earnings Results On Jan 25, NextEra Energy NEE reported fourth-quarter 2021 adjusted earnings of 41 cents per share, surpassing the Zacks Consensus Estimate of 40 cents by 2.5%. On Feb 11, Dominion Energy D reported fourth-quarter 2021 operating earnings of 90 cents per share, meeting the Zacks Consensus Estimate. Utility ETFs in Focus In the current scenario, let’s discuss ETFs that have relatively high exposure to the above-mentioned utility companies: The Utilities Select Sector SPDR Fund XLU The fund tracks the Utilities Select Sector Index.
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698789.0
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2022-02-15 00:00:00 UTC
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Gail India issues swap tender for 12 LNG cargoes for 2022-sources
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https://www.nasdaq.com/articles/gail-india-issues-swap-tender-for-12-lng-cargoes-for-2022-sources
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LONDON, Feb 15 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering six liquefied natural gas (LNG) cargoes for loading in the United States and seeking six cargoes for delivery into India in 2022, two industry sources said on Tuesday.
The natural gas firm is seeking six cargoes for loading from Sabine Pass from April 16 to Sept. 11, the sources said.
It is seeking six other cargoes for delivery into India's ports of Dahej, Hazira and Dahbol from April 4 to Sept. 12, they added.
The tender closes on Feb. 16.
The Indian importer has 20-year deals to buy 5.8 million tonnes a year of U.S. LNG split between Dominion Energy's D.N Cove Point plant and Cheniere Energy's LNG.AS Sabine Pass site in Louisiana.
(Reporting by Marwa Rashad; Editing by Nina Chestney)
((marwa.rashad@thomsonreuters.com; +447823669044; Reuters Messaging: marwa.rashad.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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LONDON, Feb 15 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering six liquefied natural gas (LNG) cargoes for loading in the United States and seeking six cargoes for delivery into India in 2022, two industry sources said on Tuesday. The natural gas firm is seeking six cargoes for loading from Sabine Pass from April 16 to Sept. 11, the sources said. It is seeking six other cargoes for delivery into India's ports of Dahej, Hazira and Dahbol from April 4 to Sept. 12, they added.
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LONDON, Feb 15 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering six liquefied natural gas (LNG) cargoes for loading in the United States and seeking six cargoes for delivery into India in 2022, two industry sources said on Tuesday. The natural gas firm is seeking six cargoes for loading from Sabine Pass from April 16 to Sept. 11, the sources said. The Indian importer has 20-year deals to buy 5.8 million tonnes a year of U.S. LNG split between Dominion Energy's D.N Cove Point plant and Cheniere Energy's LNG.AS Sabine Pass site in Louisiana.
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LONDON, Feb 15 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering six liquefied natural gas (LNG) cargoes for loading in the United States and seeking six cargoes for delivery into India in 2022, two industry sources said on Tuesday. The natural gas firm is seeking six cargoes for loading from Sabine Pass from April 16 to Sept. 11, the sources said. (Reporting by Marwa Rashad; Editing by Nina Chestney) ((marwa.rashad@thomsonreuters.com; +447823669044; Reuters Messaging: marwa.rashad.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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LONDON, Feb 15 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering six liquefied natural gas (LNG) cargoes for loading in the United States and seeking six cargoes for delivery into India in 2022, two industry sources said on Tuesday. The natural gas firm is seeking six cargoes for loading from Sabine Pass from April 16 to Sept. 11, the sources said. It is seeking six other cargoes for delivery into India's ports of Dahej, Hazira and Dahbol from April 4 to Sept. 12, they added.
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698790.0
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2022-02-14 00:00:00 UTC
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XLU, SO, D, AEP: ETF Inflow Alert
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https://www.nasdaq.com/articles/xlu-so-d-aep%3A-etf-inflow-alert
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $770.8 million dollar inflow -- that's a 5.8% increase week over week in outstanding units (from 197,370,000 to 208,870,000). Among the largest underlying components of XLU, in trading today Southern Company (Symbol: SO) is down about 0.9%, Dominion Energy Inc (Symbol: D) is up about 0.1%, and American Electric Power Co Inc (Symbol: AEP) is lower by about 0.8%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $66.71. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $770.8 million dollar inflow -- that's a 5.8% increase week over week in outstanding units (from 197,370,000 to 208,870,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today Southern Company (Symbol: SO) is down about 0.9%, Dominion Energy Inc (Symbol: D) is up about 0.1%, and American Electric Power Co Inc (Symbol: AEP) is lower by about 0.8%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $66.71. Free Report: Top 7%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $770.8 million dollar inflow -- that's a 5.8% increase week over week in outstanding units (from 197,370,000 to 208,870,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $66.71. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $770.8 million dollar inflow -- that's a 5.8% increase week over week in outstanding units (from 197,370,000 to 208,870,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $66.71. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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698791.0
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2022-02-14 00:00:00 UTC
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Company News for Feb 14, 2022
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Newell Brands Inc.’s NWL shares soared 11.1% after the company reported fourth-quarter 2021 adjusted earnings per share of $0.42, surpassing the Zacks Consensus Estimate of $0.33.
W. P. Carey Inc.’s WPC shares gained 2.2% after the company posted fourth-quarter 2021 adjusted FFO of $1.30, outpacing the Zacks Consensus Estimate of $1.25.
Shares of Cleveland-Cliffs Inc. CLF tumbled 9.7% after reporting fourth-quarter 2021 adjusted earnings per share of $1.78, missing the Zacks Consensus Estimate of $2.03.
Shares of Dominion Energy Inc. D rose 1.1% after posting fourth-quarter 2021 revenues of $3,880 million, beating the Zacks Consensus Estimate of $3,851 million.
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Newell Brands Inc. (NWL): Free Stock Analysis Report
ClevelandCliffs Inc. (CLF): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
W.P. Carey Inc. (WPC): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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W. P. Carey Inc.’s WPC shares gained 2.2% after the company posted fourth-quarter 2021 adjusted FFO of $1.30, outpacing the Zacks Consensus Estimate of $1.25. Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Don’t miss your chance to get in on these long-term buys Access Zacks Top 10 Stocks for 2022 today >>
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Newell Brands Inc.’s NWL shares soared 11.1% after the company reported fourth-quarter 2021 adjusted earnings per share of $0.42, surpassing the Zacks Consensus Estimate of $0.33. Shares of Cleveland-Cliffs Inc. CLF tumbled 9.7% after reporting fourth-quarter 2021 adjusted earnings per share of $1.78, missing the Zacks Consensus Estimate of $2.03. Newell Brands Inc. (NWL): Free Stock Analysis Report
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Newell Brands Inc.’s NWL shares soared 11.1% after the company reported fourth-quarter 2021 adjusted earnings per share of $0.42, surpassing the Zacks Consensus Estimate of $0.33. W. P. Carey Inc.’s WPC shares gained 2.2% after the company posted fourth-quarter 2021 adjusted FFO of $1.30, outpacing the Zacks Consensus Estimate of $1.25. Shares of Cleveland-Cliffs Inc. CLF tumbled 9.7% after reporting fourth-quarter 2021 adjusted earnings per share of $1.78, missing the Zacks Consensus Estimate of $2.03.
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Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Don’t miss your chance to get in on these long-term buys Access Zacks Top 10 Stocks for 2022 today >> Newell Brands Inc.’s NWL shares soared 11.1% after the company reported fourth-quarter 2021 adjusted earnings per share of $0.42, surpassing the Zacks Consensus Estimate of $0.33.
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2022-02-11 00:00:00 UTC
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Dominion Energy, Inc (D) Q4 2021 Earnings Call Transcript
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https://www.nasdaq.com/articles/dominion-energy-inc-d-q4-2021-earnings-call-transcript
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Image source: The Motley Fool.
Dominion Energy, Inc (NYSE: D)
Q4 2021 Earnings Call
Feb 11, 2022, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Welcome to the Dominion Energy fourth quarter and full year 2021earnings conference call [Operator instructions] I would now like to turn the call over to David McFarland, director, investor relations.
David McFarland -- Director, Investor Relations
Good morning and thank you for joining today's call. Earnings materials, including today's prepared remarks, may contain forward-looking statements and estimates that are subject to various risks and uncertainties. Please refer to our SEC filings, including our most recent annual reports on Form 10-K and our quarterly reports on Form 10-Q, for a discussion of factors that may cause results to differ from management's estimates and expectations. This morning, we will discuss some measures of our company's performance that differ from those recognized by GAAP reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measures, which we can calculate, are contained in the earnings release kit.
I encourage you to visit our Investor Relations website to review webcast slides, as well as the earnings release kit. Joining today's call, our Bob Blue, chair, president, and chief executive officer; Jim Chapman, executive vice president, chief financial officer, and treasurer; and other members of the executive management team. I will now turn the call over to Bob.
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Bob Blue -- Chairman, President, and Chief Executive Officer
Thank you, David, and good morning, everyone. I'll start by outlining Dominion Energy's compelling shareholder return proposition. We expect to grow our earnings per share by 6.5% per year through at least 2026, supported by our updated $37 billion five-year growth capital program, resulting in an approximately 10% total return. That's all underpinned by Dominion's industry leading ESG profile, which includes the largest regulated decarbonization investment opportunity in the country, which, as you will hear in today's prepared remarks, is steadily transforming from opportunity to reality.
Our strategy is anchored on a pure play, state-regulated utility operating profile that centers around five premier states, as shown on Slide 4. All share the philosophy that a common sense approach to energy policy and regulation puts a priority on safety, reliability, affordability, and sustainability. Next, I want to highlight what a successful year 2021 was in the continuing execution of our strategy. For example, we continue to provide safe, reliable service to our customers, ensuring that safety remains our top priority when it comes to our employees, our customers, and our communities.
We reported our 24th consecutive quarterly financial result that normalized for weather meets or exceeds the midpoint of our guidance range, a reflection of our focus on continuing to provide consistent and predictable financial results. We successfully concluded substantial rate cases in Virginia, South Carolina, and North Carolina, in each case, demonstrating our ability to deliver constructive regulatory results for both our customers and our shareholders in these fast-growing premiere and business friendly states. And we significantly advanced our clean energy growth plans on a number of fronts. For instance, we received our Notice of Intent from BOEM for our regulated offshore wind project in July as planned and filed our rider application with the Virginia State Corporation Commission on schedule in November.
And we propose new solar and energy storage projects in our second annual clean energy filing in Virginia, the largest such group ever proposed. Looking ahead, we've rolled forward our five-year growth capital plan to capture the years 2022 through 2026. We now expect to invest $37 billion on behalf of our customers. The investment programs are highlighted on Slide 5, with over 85% focus on decarbonization.
As meaningful as these near-term plans are, consider, on Slide 6, how they compare to the long-term scope and duration of our overall decarbonization opportunity. Our initiatives extend well beyond our five-year plan. We now project $73 billion of green investment opportunity through 2035, nearly all of which will qualify for regulated cost of service recovery. This is as far as we can tell, the largest regulated decarbonization investment opportunity in the industry.
With that, I'll turn it over to Jim to walk through our financial results and guidance before I provide further business updates on the execution of our plan.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Thank you, Bob, and good morning. Our fourth quarter 2021 operating earnings, as shown on Slide 7, were $0.90 per share, which included a $0.03 hurt from worse-than-normal weather in our utility service territories for the quarter. Weather-normalized results were again above the midpoint of our quarterly guidance range. Positive factors as compared to last year include growth from regulated investment across electric and gas utility programs, higher electric sales due to increased usage from commercial and industrial segments, and higher margins that contracted assets.
Other factors as compared to the prior year include a slight catch-up in COVID-deferred O&M and weather. As Bob mentioned, this is our 24th consecutive quarter. So six years now of delivering weather-normal quarterly results that meet or exceed the midpoint of our guidance ranges. We believe this historic consistency across our results is worth highlighting and is a track record we're proud of and one which we're absolutely focused on extending.
Full year 2021 operating earnings per share were $3.86 above the midpoint of our guidance range even in the face of a $0.05 from weather for the year. As is detailed in Schedule 2 of our earnings release kit, 2021 GAAP earnings of $3.98 per share were $0.12 higher than operating earnings for the year. Turning now to guidance on Slide 9. As usual, we're providing an annual guidance range, which is designed primarily to account for variations from normal weather.
We're initiating 2022 operating EPS guidance of $3.95 to $4.25 per share. The midpoint of this range is in line with prior annual EPS growth guidance of 6.5% in 2022, when measured midpoint to midpoint. As I think it's been expected as part of our roll forward to a new five-year forecast period, we are once again extending our long-term growth rate by one more year. We now expect operating EPS to grow at 6.5% per year through at least 2026.
Finally, we expect first quarter 2022 operating earnings per share to be between $1.10 and $1.25. Positive drivers for the quarter as compared to last year are expected to be normal course regulated rider growth continued, modest strengthening of sales, and return to normal weather. Other drivers, as compared to last year, are expected to be O&M and tax timing. We expect our 2020 full year dividend to be $2.67, reflecting our target payout ratio of approximately 65%.
We're also extending the long-term dividend per share growth rate of 6% per year through 2026. Slide 10 provides a breakdown of five-year growth capital plan, which Bob introduced. For more detail on all of this, I would point to the very comprehensive appendix materials, but just a couple of items I'll note here. We continue to forecast a total five-year rate base CAGR 9% broken out here by segment, a major driver; and over 75% of its planned growth capex is eligible for rider recovery.
Of course, capital invested in underwriters allows for timely recovery of prudently incurred investment and costs. Turning to Slide 11, we've updated our financing plan, which reflects a combination of internally generated cash flow and debt issuances to fund the majority of our growth and maintenance capex. Our plan assumes we issue programmatic equity of just 1% to 1.5% of our current market cap annually through our existing DRIP and ATM equity programs in line with prior guidance. No change to our 2022 equity issuance plans and no block or marketed equity is contemplated.
We view this level of steady equity issuance under existing programs as prudent, EPS accretive, and in the context of our sizable growth capital spending program, appropriate to keep our consolidated credit metrics within the guidelines for our strong credit ratings category. To that point, as shown on Slide 12, our consolidated credit metrics have remained steady and our pension plans have increased their funded status. We're very proud of these results. We continue to target high BBB range credit ratings for our parent company and A range ratings for our regulated operating company.
Our long-standing focus on achieving and maintaining these ratings is important for our ability to continue to secure low-cost capital for our customers. As is the norm, our financing plan reflects our ongoing efforts to efficiently redeploy capital toward our robust, regulated growth programs. As I've mentioned in the past, as part of our capital allocation process, we undertake constant analysis to find the most efficient sources of capital to fund our attractive utility growth programs in our key states, all while maintaining our operating EPS growth and credit profiles. Given that focus, as announced this morning, we've agreed to sell our West Virginia natural gas utility, Hope Gas, to Ullico for gross proceeds of approximately $690 million.
The transaction is expected to close late this year, subject to customary closing conditions, including clearance under HSR, and approval from the West Virginia Public Service Commission. Proceeds will be used to reduce parent-level debt. The transaction value achieved through a competitive sale process represents approximately 26 times 2021 net income and two times rate based. As a reminder, Hope Gas operates only in West Virginia and serves about 110,000 customers.
Bob will address this transaction a bit more in a moment. Turning now to electric sales trends, fourth quarter weather-normalized sales increased 1.4% year over year in Virginia and 2.3% in South Carolina. In both states, consistent with the trends seen last quarter, we've observed increased usage from commercial and industrial segments, overcoming declines among residential users as the stay-at-home impact of COVID wanes. Full year 2021 weather-normalized sales increased 1.4% year over year in Virginia and 1.6% year over year in South Carolina.
Looking ahead, we expect electric sales growth in our Virginia and South Carolina service territories to continue at a run rate of 1% to 1.5% per year. No changes from our prior communications. Next, let me discuss what we're seeing around input prices. As discussed on prior calls, we're continuing to monitor raw material costs, and it seems to be the case across a number of industries right now.
We're observing higher prices, although we've seen a moderation in the upward pressure over the last few quarters. As it relates to our regulated offshore wind project, we remain confident in our ability to deliver the project in line with our budget, as outlined in our filing to the SEC in November. Also, no changes here from prior communications. As was disclosed at that time in November, we've entered into five major fixed cost agreements, which collectively represent around $7 billion of the total capital budget.
Within those contracts, only about $800 million remain subject to commodity indexing, most of it steel. And this component of the budget already reflects commodity cost increases we all observed in 2021 leading up to our filing date in November. And our capital budget, of course, includes contingency. On the solar side, we're seeing what others seem to be seeing.
Supplies tight, prices for certain components are up, but our 2021 projects were completed with no material impacts to cost or schedule, and our '22 projects remain on track. Beyond '22, we've been generally successful in contracting, etc., but it's still early. So again, we're watching but no material financial impacts to share at this time. So to summarize, we reported fourth quarter and full year 2021 operating EPS, which is above the midpoint of our guidance ranges, extending our track record to six years of meeting or exceeding the quarterly midpoint on a weather-normal basis.
We initiated 2022 full year operating EPS guidance that represents a 6.5% annual increase midpoint to midpoint. We affirmed the same 6.5% operating EPS growth guidance through 2026. We introduced a $37 billion high quality decarbonization-focused, five-year growth capex plan that drives an approximately 9% rate based growth. We continue to expect the vast majority of our spending across our segments to be in rider form.
And finally, our balance sheet and credit profile remain in very good health. And with that, I'll turn it back over to you, Bob.
Bob Blue -- Chairman, President, and Chief Executive Officer
Thanks, Jim. Starting with safety, Dominion Energy finished 2021 with its second best performance ever. Additionally, the company was the top performer in the 2021 Southeastern Electric Exchange ranking. We take pride in our relentless focus on safety, and it's the first of our company's core values.
While our safety performance relative to industry is very good, our goal has been and continues to be that none of our colleagues get hurt ever. Our customers highest priority is reliability. They expect their power will come on when they need it, period. In the past year, our customers in our electric service areas in Virginia, South Carolina, and North Carolina had power 99.9% of the time, excluding major storms.
Where major storms approach, we stage equipment and people to be ready so crews can spring into action as soon as it is safe to do so. As we did for the first winter storm of 2022, the damp, wet, heavy snow on most of the northern, central and western regions of Virginia, interrupting service to over 400,000 customers. Over 87% of those customers had service restored after two days of restoration and 96% within four days. Our crews worked around the clock in frigid temperatures and treacherous icy travel conditions to safely restore service to our communities.
Our gas distribution business knows that safe and reliable service is the priority, especially when exigent circumstances exist. When an emergency notification is received, we typically have a crew on site twice as quickly as the industry expected response time. Last month, we had the highest ever flow of gas at our Utah system and the highest ever daily throughput across our Ohio system, higher even than the polar vortex in 2019. And in both cases, our service never missed a beat and our customers would never have known we were setting all time records.
I'm proud they're not surprised at the way in which our Dominion Energy team members have responded on behalf of our customers. Now, I'll turn to updates around the execution of our growth plan. In Virginia, the SEC approved the Comprehensive Settlement Agreement for our first triennial review in November. We're very pleased to be extending our track record of constructive regulatory outcomes.
On top of that, we are incredibly excited about what Dominion Energy is working to accomplish, specifically our green capital investment programs on behalf of our customers in Virginia, which I will touch on in a few minutes, nearly all of which will grow earnings under regulated rider mechanisms. Since the Virginia rider investment programs are reviewed and trued up annually, they are not included in the Virginia Triennial review process. Based on these trends, the Virginia-based investment balance as a percentage of total Dominion Energy declined to about 13% by 2026 and is expected to continue to decline as a percentage in the future. Turning to offshore wind, the country's only fully regulated offshore wind project is very much on track.
As it relates to the SEC rider application, we're currently in the discovery phase. And to date, this process very much conforms with what we typically expect during a rider proceeding of this type. Major project milestones are listed on Slide 15. We expect to receive a final order from the SEC in August this year.
A few items to reiterate here. First, this project will provide a boost to Virginia's growing green economy by creating hundreds of jobs, hundreds of millions of dollars of economic output, and millions of dollars of tax revenue for the state and localities. It will also propel Virginia closer to achieving its goal to become a major hub for the burgeoning offshore wind value chain up and down the country's East Coast. Second, unlike any other such project in North America, this investment is 100% regulated and eligible for rider recovery in Virginia.
Finally, the VCA provides very specific requirements on the presumption of prudency for investment in the project, which we are confident that we have already met. Our Jones Act compliant wind turbine installation vessel is being constructed and is on track for delivery in late 2023 as originally scheduled. The project is currently about 43% complete. We expect the vessel will be in a central resource city EV, as well as to the overall domestic offshore wind industry, and will be entering service with plenty of time to support the 2024 turbine installation season.
Our other clean energy filings in Virginia are also progressing well. Last month, we were very pleased to see the SEC approve phase two of our grid transformation plan for projects that we plan to deploy in 2022 and 2023. These projects will facilitate the expected increase in distributed energy resources like small scale solar and expand electric vehicle infrastructure, as well as enhance grid resiliency and security. Our clean energy and nuclear or rider filings remain on track.
Final orders are expected later this year, as outlined on Page 18. Through 2020, we have successfully reduced our enterprisewide CO2 equivalent emissions by 42%. That's great progress, but it's not enough. By 2035, we expect to improve that reduction to between 70% and 80% versus baseline on our way to meet net zero by 2050.
As shown on the right side of Slide 19, the transition to a clean energy future means reduced reliance on coal-fired generation. Back in 2005, more than half of our company's power production was from coal-fired generation. By 2035, we project that to be less than 1%. We show our timeline for transitioning out of coal on Slide 20.
By the end of the decade as part of our ongoing resource planning, we expect to be coal free in South Carolina and have only two remaining facilities at Dominion Energy Virginia for reliability and energy security considerations. While our IRP is our informational filings and do not provide approval or disapproval for any specific capital project, we look forward to continuing to work with stakeholders, including the Commission, to drive toward an increasingly low-carbon future. From an investment from an investment-based perspective, which is a rough approximation of earnings contribution, you can see on Slide 21 the diminished role coal-fired generation plays in our financial performance, driven by facility retirements and non-coal investment. We're mindful that this shift has the potential to be disruptive to employees and communities, and we were being purposeful in our efforts to ameliorate any such negative consequences.
We believe in a just transition. We have and will continue to consider the needs of impacted communities and our entire workforce during this clean energy transition. You'll also note that zero carbon generation grows significantly, such that by 2026, over 65% of our investment base will consist of electric wires and zero carbon generation. Moving on to South Carolina.
As part of our ongoing resource planning, Dominion Energy South Carolina is planning to replace several of our older generation peaking turbines with modern, more efficient units. These peaking units, which often operate seasonally during certain times of day when the demand for energy is at its highest, play an important role in our generation fleet with their ability to go from idle to producing energy quickly. Modernizing this equipment will lower fuel cost to customers, improve environmental performance, and provide reliability and efficiency benefits. These will become even more important as additional intermittent fluctuating resources, such as solar, are added to our system.
Last quarter, the Public Service Commission of South Carolina approved a settlement, allowing the company to move forward with two of the proposed sites, and we'll hold an RFP for a third. Turning to gas distribution. In North Carolina, the commission approved a comprehensive settlement last month for our gas operations with rates based on a 9.6% ROE. As a reminder, the agreement included three new clean energy programs, a new hydrogen blending pilot, a new option to allow our customers to purchase RNG attributes, and a new and expanded energy efficiency programs.
This is a prime example of the role that supportive regulation can play in meeting our decarbonization objectives. Let me now address this morning's announcement regarding the sale of our West Virginia natural gas utility to Ullico. Hope Gas is a valuable business with tremendous people. At the same time, compared to the other larger state-regulated utilities across our five premier states, Hope Gas is relatively a small stand-alone operation.
Our talented employees have consistently delivered safe, reliable, and affordable energy to Hope's customers. We're pleased that these best-in-class employees are now joining another excellent organization in the form of Ullico, who has agreed to provide significant protections for employees and honor existing union commitments. Ullico is operating expertise and financial resources will also ensure that Hope's customers will continue to receive the high level of service to which they have grown accustomed. Slide 24 provides a summary of several important steps we took in 2021 that enhanced our industry leading ESG profile.
Just a couple of items I'll highlight here. In July, we published our updated climate report, which included disclosure of scope one, two, and three emissions, an important step as it relates to our net zero commitment as I will expand on in a minute. In November, we issued our inaugural Diversity Equity and Inclusion Report, which highlights our progress toward building a more diverse and inclusive workforce. As part of that report, we also published our EEO 1 data.
This enhanced external reporting builds upon our commitment to increase our total workforce diversity by 1% each year with the goal of reaching at least 40% by year end 2026. We're very much on track to meet that goal. These and other ESG-oriented efforts have been recognized by leading third-party assessment services, as shown on Slide 25. By each measure, our performance exceeds the sector average.
We've been recognized as part of the leadership band by CDP for our climate and water disclosure for the second year in a row as Trendsetters, the highest categorization for the fourth consecutive year by the CPA-Zicklin report on political accountability and transparency. And most recently, MSCI increased our rating from A to AA, which designates us a leader in the field. Turning to Slide 26, I'm pleased to announce an expansion of our net zero commitments. In addition to our current commitment to achieve enterprisewide net zero scope one carbon and methane emissions by 2050, we now aim to achieve net zero by 2050 for all Scope 2 emissions and for Scope 3 emissions associated with three major sources, LDC customer end-use emissions, upstream fuel, and purchase power.
These new commitments formalize our continued focus on helping our customers and suppliers decarbonize. Reducing emissions as fast as possible and achieving net zero emissions companywide requires immediate and direct action. That's why the company continues to take meaningful steps to address Scope 3 emissions. We formalized our support for federal methane regulation, and we're working toward procurement practices that encourage enhanced disclosures by upstream counterparties on their emissions and methane reduction programs.
Further, we encourage suppliers to adopt a net zero commitment, and we were started to receive quotes for responsibly sourced gas, which are evaluated consistent with our reliability, service, and cost criteria for natural gas supply. For downstream emissions, we expect to increase our annual spend on energy efficiency over the next five years at our LDCs by nearly 50%, and to provide our customers with access to a carbon calculator and carbon offsets. For example, in both Utah and North Carolina, we offer GreenTherm, a voluntary program that provides customers with access to renewable natural gas. While initially being offered on a voluntary basis, we are working with policymakers and regulators to increase access to RNG for our customers.
And finally, we continue to pursue innovative hydrogen use cases, including our blending pilot in Utah, which based on early assessment, confirms the ability to blend at least 5% and potentially up to 10% without adverse impacts to appliance performance, leak survey, system safety, or secondary emissions. Over the long term, achieving these goals will require supportive legislative and regulatory policies and broader investments across the economy. This includes support for the testing and deployment of technologies. For example, we support efforts to research and develop new technologies through collaborations such as the Low Carbon Resource Initiative, of which we're a founding sponsor.
And we will never lose sight of our fundamental responsibility to the customers providing safe, reliable, affordable, and sustainable energy.With that, let me summarize our remarks on Slide 27. Our safety performance was our second best ever. We reported our 24th consecutive quarterly result that normalized for weather meets or exceeds the midpoint of our guidance range. We affirm the same 6.5% operating EPS growth guidance through 2026 and affirmed our existing dividend growth guidance through 2026.
We're focused on executing project construction and achieving regulatory outcomes that serve our customers well, and we're aggressively pursuing our vision to be the most sustainable, regulated energy company in the country. We're now ready to take your questions.
Questions & Answers:
Operator
[Operator instructions] Our first question will come from Jeremy Tonet with the JPMorgan.
Jeremy Tonet -- J.P. Morgan -- Analyst
Just wanted to start off here, if you could walk us from the prior planned capex to today's and the impact on targeted equity included the expected LDC sale proceeds and just wondering are there any other non-core assets in the portfolio you might look to sell an asset such as Millstone for equity source?
Bob Blue -- Chairman, President, and Chief Executive Officer
Hey, Jeremy. It's Bob. I'll start and then I'll turn it over to Jim to -- I'll take the second part. Turn it over to Jim to walk through the first part.
Our announcement related to Hope was about scale. As we think about it, as we mentioned in our remarks, Hope Gas, great company. But in terms of customers, it's a quarter of the size of our next smallest LDC. And so as we thought about capital allocation, it made sense to us to think about divesting that great company.
And I think that our colleagues who work there are also going to a great company. As to the sort of broader question, we like the mix of assets that we have, and we think they support our growth rate and allow us to continue to execute, which is what we're most focused on is executing on that strategy regulated pure play. Now, like every company, we obviously regularly evaluate assets to see what makes sense with respect to credit, earnings, accretion, all those kinds of things but we're very comfortable that the asset mix that we have today supports the growth rate that we've outlined, and we're just focused on executing on that. And I'll get Jim to talk a little bit about sort of tying that capital plans and equity.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Yeah, Jeremy. Good morning. As I mentioned in prepared remarks, we provided a lot of detail on our growth plans and capital spending in the appendix. So we wouldn't expect anyone to digest all that yet.
But I would draw attention to Page 34, which is a bridge from our prior five-year capital growth plan to the new one, $32 billion to $37 billion, and let me just quickly tick through some of the changes. The most material single change is simply moving from one five-year period to the next. Drop 2021, check that box, add 2026. And just in doing that, you're also incidentally, including the full timeframe for offshore wind spend.
Then if you look at budget changes for some of our capital programs, for example, the budget we discussed in November on offshore wind is actually fully neutralized in our five-year capital spend plan by postponement for further evaluation, as we talked about in November, of our pumped storage project and our Virginia CDs, which are further out in time outside the five-year period. So that nets to zero. And then you'll see some other drivers there just chew up some of our capital spending across gas distribution, RNG, and all of our other decarbonization investment programs. So that's what bridges the prior plan to new.
And then, Jeremy, you asked a lot of sub parts to that question. You also asked about equity. So when let me say a few things about that. We -- I observe that we're one of few companies that actually gives detailed guidance on an equity issuance, so happy it's noticed.
There's no change in our equity guidance for '22. There are some very modest tweaks, $100 million in some years, $200 million and others thereafter, keeping in mind that spending is up, so equity is up, cash flows is up, debt is up a little bit. So how could that change? If spending in our five-year plan as we move forward goes up, which would be good, these equity amounts could trend up slightly as well. Conversely, if it goes down, which you don't expect, they go down a little bit.
But we think this level of constant equity through our existing programs, as I mentioned, 1% to 1.5% of our current market cap is accretive, it's modest, and appropriate to keep us in the right spot from a credit rating metric perspective.
Jeremy Tonet -- J.P. Morgan -- Analyst
Got it. That's all very helpful there. Thank you for that. And, Jim, just another one, if I could here.
The inclusion of Scope 2 and 3 emissions in the net zero commitment, it' a big step forward there. What are the impacts, I guess, that, that drives in your long-term capex in the plan? Just wondering if any of the capex plan is attributable to that? And then specifically, can you provide an update on your RNG plans in light of these commitments?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yeah, let me start, and then I'll turn it over to Diane to talk a little bit more specifically about RNG. As we described in our opening remarks, Jeremy, Scope 2 and 3, emissions reductions by 2050 are going to require technology and supportive regulatory environment, so a lot of this that we would be thinking about our sort of longer term. It's hard for us to put as much definition around it as we can. The Virginia -- particularly Virginia regulated rider investments and some of the others that you're seeing in that 15-year chart, obviously nothing in the five-year plan, would we think, would move the needle there, but lots of opportunities we believe and we think it's important.
That's what our customers are looking for us to do. It's what our shareholders are looking for us to do. So we'll have opportunities to flesh that out there. As we mentioned, we've already got a fair amount going and a big chunk of that right now is our investment in RNG.
And I'll ask Diane to talk a little bit more detail about that.
Diane Leopold -- Chief Operating Officer
OK. Good morning. So our RNG program, our capital program, has really increased over this last year. So we now have 10 projects under construction and one in service.
But two of those under construction, both dairy, will be in service in the coming days and weeks. We expect six projects to come into service this year, so we're really kind of ramping up, even though it's very small right now. But we see that pace continuing of new projects and during the construction stream and more coming online in these next few years. So we do see this.
What we've said before is about $2 billion of capital investment through 2035 through our main platforms of the dairy in the Swan with our partnerships with Align and Vanguard. So that's on the development side. On the LDC side, specifically as it relates to Scope 3, we really see that program eventually moving toward a long-term strategy of having RNG directly into our regulated gas customers. So we already have that on a voluntary basis in Utah, and it's been very well received there and just got approval in North Carolina and looking to work with stakeholders to increase the amount of RNG blending into our local gas distribution companies.
So whether we build it or not, whether it's part of our program or not, we're really looking to see more RNG access for our customers in our LDC program.
Jeremy Tonet -- J.P. Morgan -- Analyst
Got it. That's all very helpful. Thank you.
Operator
Thank you. Our next question comes from Steve Fleishman with Wolfe Research.
Steve Fleishman -- Wolfe Research -- Analyst
Yeah, hi. Good morning,
Bob Blue -- Chairman, President, and Chief Executive Officer
Hey, Steve.
Steve Fleishman -- Wolfe Research -- Analyst
Just -- hey, hey. So, Bob, just -- there was a lot of focus late last year on the Virginia election, the new governor, and the like. And maybe you could just talk a little bit about how things have been going with [Inaudible] and if there's any kind of maybe specifically the political support you're seeing or not for the offshore wind projects?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes, Steve. So things have been going well with the new administration and the General Assembly. Obviously, the session and Virginia is less than a little less than halfway over but Virginia session moves pretty quickly. It's really energy just has not been a big focus.
As we discussed, I think, on the last call, that campaign was focused on education and taxes, and that's what the General Assembly has been focused on, not surprisingly, and so energy has not been a huge part of the equation. So, well, obviously you make predictions about the legislative process at your peril, but we're participating and finding that we continue to work well with both Republicans and Democrats as we have for quite a long time. As regards offshore wind, there continues to be very strong support for offshore wind as we discussed on -- in our opening remarks. There is a great opportunity for Virginia with respect to new jobs and new industry.
And our project is recognized as one that can bring a lot of benefits to the state. So still seeing great support for offshore wind.
Steve Fleishman -- Wolfe Research -- Analyst
OK. And then one other question on offshore wind. Just Orsted a week or two ago talked to cost pressures that I'd say it sounds like things that you had already maybe reflected in your budget. But one of the things they specifically pointed to was vessel costs for like non -- not the Jones Act vessels, but for other things like the foundations and the like.
Just -- could you just talk to -- is that part of the mix of what you have locked up already?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes, in fact, Diane and I met with the executives at Prysmian and DEME, who are handling -- we talk about these large packages there that transport and install. So they're doing the cable and installing the monopoles. We just met with them earlier this week and things are very much on track with them. So our -- and as regards our own vessel, the installation of [Inaudible] the steel for that, for example, has been on site for quite some time.
So I think the premise where you started the question saying that the pressures that you may have heard about were factored into our contracting is exactly right. We entered into these contracts late last year with counterparties who are very experienced. Every single one of them is very experienced in this industry. So we still feel very good about that project, both in terms of schedule and budget.
Steve Fleishman -- Wolfe Research -- Analyst
Great. And one quick follow-up on Hope Gas. Just curious, been the debate about the future of LDCs. It looks like you got a good price here for it, just could you give us some sense of the competitive dynamic of that process and/or -- and just what you're kind of what do you think it means for kind of thinking about the value of your remaining LDCs?
Bob Blue -- Chairman, President, and Chief Executive Officer
We feel very good about the value of our remaining LDCs, as we have for some time. As I mentioned, this was a decision that we made related to scale. As it pertains to our LDC businesses, they are growing. They are in what we describe as premium states, very pro-business states, strong customer bases, very supportive of natural gas, and with customers who want natural gas for cooking and heating their homes.
So this was not, from our perspective, a reflection on our thinking about the LDC business going forward. And that being said, we had a lot of interest obviously in this process, and we feel very good about the price, and equally important, about the quality of the counterparty. So I think it was a good outcome and one that we think will be very well received, but we expect to continue operating our LDCs well.
Steve Fleishman -- Wolfe Research -- Analyst
Great. Thank you very much.
Operator
Thank you. Our next question will come from Ross Fowler with UBS.
Ross Fowler -- UBS -- Analyst
Good morning, Bob. Hope you and the team are well. I just wanted to --
Bob Blue -- Chairman, President, and Chief Executive Officer
Good morning.
Ross Fowler -- UBS -- Analyst
I wanted to walk through Slide 11 one more time to make sure I understand very clearly what you said. So we know that capex is up plan the plan basically as you're adding '26 and taking '21 away. What you're saying is there's no change here to '22 equity, a small increase to equity at '23 forward, and that the Hope proceeds are really going to be used to repay debt, and that capacity turns around to be available for regulated capex. Did I frame correctly? Is that what I heard you say on the call?
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
That's exactly right. On the equity sources and uses, the overall sources, as I should say. So to simplify it a little bit, what are we doing here with the proceeds from the small sale? After tax proceeds, we're paying down parent-level debt. And then in coming years, we'll use that debt capacity, modest, as we invest in our spending programs across our key regulated states.
Ross Fowler -- UBS -- Analyst
That's perfect, Bob. Thank you. And then on your comments on solar on the call, so you've noted that costs are up and prices are tight here, but then you've done a lot of '22 procurement already so that stuff is on track. And on '23, you're on track but you're watching it.
How much of '23 have you already procured and how much is maybe still out there that may be a swing factor for maybe pushing projects to '24?
Diane Leopold -- Chief Operating Officer
Right, so this is Diane Leopold. Thanks for that question. So for 2023, as Bob talked about, we are seeing some shortages of panels and other items, but we are actively in the stages now of working out the contracting for these projects. We are well along the way in that process and project by project getting access to the modules we need.
So while I won't say it's simple and not without some additional cost, we're managing it and I'd just say that we're well along the way.
Ross Fowler -- UBS -- Analyst
All right. Great. Thank you very much.
Operator
Thank you. Our next question comes from Durgesh Chopra with Evercore ISI.
Durgesh Chopra -- Evercore ISI -- Analyst
Hey, good morning, team. Thank you for taking my question.
Bob Blue -- Chairman, President, and Chief Executive Officer
Morning.
Durgesh Chopra -- Evercore ISI -- Analyst
Good morning, Bob. Just, Jim, a quick clarification, you mentioned $800 million, if I heard that correctly, on the offshore capex that was indexed. Is that $800 million part of the $7 billion logged or is that $800 million out of the total roughly $10 billion projected project cost?
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Yeah, Durgesh, good morning. That $800 million is part of the $7 billion logged across those five project components that we announced in November. The remaining amount, as you'll recall, is the onshore transmission and contingency.
Durgesh Chopra -- Evercore ISI -- Analyst
Got it. Perfect. So $7 billion of the roughly $10 million locked and $800 million is a component of that. Then just maybe just quickly, Jim, I just want to understand the rate base growth disclosures.
And then on Slide 10 for Virginia, I would have expected the rate base CAGR to be higher given the higher spending versus the last year plan. Is that sort of a starting point issue because if I compare Q4 last year to Q4 this year, the rate base CAGR is actually lower with the spend actually materially higher.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Yeah, Durgesh. We're happy to connect. We have, as I mentioned, a lot of detailed backup in the appendix. But what you're mentioning there is just a timing issue from the starting point.
There's not a material change to the programs to the overall pace. It's just the timing quarter to quarter.
Durgesh Chopra -- Evercore ISI -- Analyst
Understood. Thank you. And really appreciate all the disclosure in the appendix. Thank you for continuing to provide that.
Appreciate it. Thanks.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Thank you.
Operator
[Operator signoff]
Duration: 48 minutes
Call participants:
David McFarland -- Director, Investor Relations
Bob Blue -- Chairman, President, and Chief Executive Officer
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Jeremy Tonet -- J.P. Morgan -- Analyst
Diane Leopold -- Chief Operating Officer
Steve Fleishman -- Wolfe Research -- Analyst
Ross Fowler -- UBS -- Analyst
Durgesh Chopra -- Evercore ISI -- Analyst
More D analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For instance, we received our Notice of Intent from BOEM for our regulated offshore wind project in July as planned and filed our rider application with the Virginia State Corporation Commission on schedule in November. On top of that, we are incredibly excited about what Dominion Energy is working to accomplish, specifically our green capital investment programs on behalf of our customers in Virginia, which I will touch on in a few minutes, nearly all of which will grow earnings under regulated rider mechanisms. While our IRP is our informational filings and do not provide approval or disapproval for any specific capital project, we look forward to continuing to work with stakeholders, including the Commission, to drive toward an increasingly low-carbon future.
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Joining today's call, our Bob Blue, chair, president, and chief executive officer; Jim Chapman, executive vice president, chief financial officer, and treasurer; and other members of the executive management team. Positive factors as compared to last year include growth from regulated investment across electric and gas utility programs, higher electric sales due to increased usage from commercial and industrial segments, and higher margins that contracted assets. Operator [Operator signoff] Duration: 48 minutes Call participants: David McFarland -- Director, Investor Relations Bob Blue -- Chairman, President, and Chief Executive Officer Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer Jeremy Tonet -- J.P. Morgan -- Analyst Diane Leopold -- Chief Operating Officer Steve Fleishman -- Wolfe Research -- Analyst Ross Fowler -- UBS -- Analyst Durgesh Chopra -- Evercore ISI -- Analyst More D analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool.
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Full year 2021 weather-normalized sales increased 1.4% year over year in Virginia and 1.6% year over year in South Carolina. Then if you look at budget changes for some of our capital programs, for example, the budget we discussed in November on offshore wind is actually fully neutralized in our five-year capital spend plan by postponement for further evaluation, as we talked about in November, of our pumped storage project and our Virginia CDs, which are further out in time outside the five-year period. Operator [Operator signoff] Duration: 48 minutes Call participants: David McFarland -- Director, Investor Relations Bob Blue -- Chairman, President, and Chief Executive Officer Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer Jeremy Tonet -- J.P. Morgan -- Analyst Diane Leopold -- Chief Operating Officer Steve Fleishman -- Wolfe Research -- Analyst Ross Fowler -- UBS -- Analyst Durgesh Chopra -- Evercore ISI -- Analyst More D analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool.
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Turning now to guidance on Slide 9. As shown on the right side of Slide 19, the transition to a clean energy future means reduced reliance on coal-fired generation. Operator [Operator signoff] Duration: 48 minutes Call participants: David McFarland -- Director, Investor Relations Bob Blue -- Chairman, President, and Chief Executive Officer Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer Jeremy Tonet -- J.P. Morgan -- Analyst Diane Leopold -- Chief Operating Officer Steve Fleishman -- Wolfe Research -- Analyst Ross Fowler -- UBS -- Analyst Durgesh Chopra -- Evercore ISI -- Analyst More D analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool.
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2022-02-11 00:00:00 UTC
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Dominion Energy (D) Q4 Earnings Meet Estimates, Revenues Top
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https://www.nasdaq.com/articles/dominion-energy-d-q4-earnings-meet-estimates-revenues-top
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Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. Quarterly earnings were within the guided range of 85-95 cents per share. Operating earnings also improved 11.1% year over year.
GAAP earnings for the fourth quarter were $1.63 per share compared with 82 cents in the year-ago quarter.
For 2021, Dominion Energy’s earnings per share were $3.86, up 9% from $3.54 a year ago.
Revenues
Dominion Energy’s total revenues came in at $3,880 million, which surpassed the Zacks Consensus Estimate of $3,851 million by 08.4% and improved 10.2% from $3,521 million in the year-ago quarter.
For 2021, Dominion Energy’s total revenues were $13,964 million, down 1.5% from the 2020 figure of $14,172 million.
Dominion Energy Inc. Price, Consensus and EPS Surprise
Dominion Energy Inc. price-consensus-eps-surprise-chart | Dominion Energy Inc. Quote
Highlights of the Release
Total operating expenses decreased 10.4% year over year to $2,943 million due to an increase in electric fuel and other energy-related purchase costs.
Interest and related charges for the reported quarter were $376 million, up 56% from the year-ago period.
Segment Details
Dominion Energy Virginia: Net income from this segment was $455 million, up 10.4% year over year.
Gas Distribution: Net income from this segment was $185 million, on par with the year-ago figure.
Dominion Energy South Carolina: Net income from this segment was $100 million, up 7.5% year over year.
Contracted Assets: Net income from this segment was $58 million, down 45.8% year over year.
Corporate and Other: Net loss was $46 million compared with a loss of $125 million in the year-ago quarter.
Financial Highlights
Total long-term debt as of Dec 31, 2021 was $37,426 million, up from $33,957 million in the corresponding period of 2020.
For 2021, cash provided from operating activities was $4,037 million, down 22.8% from $5,227 million in the year-ago period.
Guidance
Dominion initiated its first-quarter 2022 operating earnings guidance in the range of $1.10-$1.25 per share. Dominion reported earnings of $1.09 per share in the year-ago period. The midpoint of the above guided range is $1.18, higher than the current Zacks Consensus Estimate for the period of $1.15 per share.
Dominion initiated its 2022 earnings per share view in the range of $3.95-$4.25. The midpoint of the guidance is $4.10 per share, which is lower than the current Zacks Consensus Estimate for the period of $4.12.
Growth capital expenditure for the 2022-2026 period is expected to be $37 billion and nearly 87% of the planned expenditure will be directed for lowering emissions.
Zacks Rank
Currently, Dominion Energy has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
NextEra Energy, Inc. NEE reported fourth-quarter 2021 adjusted earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 40 cents by 2.5%.
NextEra Energy’s long-term (three to five years) earnings growth is 8.8%. The Zacks Consensus Estimate for 2022 earnings per share indicates year-over-year growth of 8.6%.
WEC Energy Group WEC came up with fourth-quarter 2021 earnings per share of 71 cents, which beat the Zacks Consensus Estimate of 68 cents by 4.41%.
WEC Energy’s long-term earnings growth is 6%. The Zacks Consensus Estimate for 2022 earnings per share indicates year-over-year growth of 4.6%.
DTE Energy Company DTE recorded fourth-quarter 2021 operating earnings per share of $1.05, which surpassed the Zacks Consensus Estimate of 94 cents by 11.7%.
DTE Energy’s long-term earnings growth is 6%. The Zacks Consensus Estimate for 2022 earnings per share indicates year-over-year growth of 0.3%.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Revenues Dominion Energy’s total revenues came in at $3,880 million, which surpassed the Zacks Consensus Estimate of $3,851 million by 08.4% and improved 10.2% from $3,521 million in the year-ago quarter. Other Releases NextEra Energy, Inc. NEE reported fourth-quarter 2021 adjusted earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 40 cents by 2.5%. DTE Energy Company DTE recorded fourth-quarter 2021 operating earnings per share of $1.05, which surpassed the Zacks Consensus Estimate of 94 cents by 11.7%.
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Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. Revenues Dominion Energy’s total revenues came in at $3,880 million, which surpassed the Zacks Consensus Estimate of $3,851 million by 08.4% and improved 10.2% from $3,521 million in the year-ago quarter. Dominion Energy Inc. Price, Consensus and EPS Surprise Dominion Energy Inc. price-consensus-eps-surprise-chart | Dominion Energy Inc. Quote Highlights of the Release Total operating expenses decreased 10.4% year over year to $2,943 million due to an increase in electric fuel and other energy-related purchase costs.
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Dominion Energy Inc. D reported fourth-quarter 2021 operating earnings of 90 cents per share, on par with the Zacks Consensus Estimate. Dominion reported earnings of $1.09 per share in the year-ago period. Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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698794.0
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2022-02-11 00:00:00 UTC
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Dominion Energy Guides Q1, FY22 Operating EPS In Line With Estimates - Quick Facts
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D
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https://www.nasdaq.com/articles/dominion-energy-guides-q1-fy22-operating-eps-in-line-with-estimates-quick-facts
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(RTTNews) - While reporting financial results for the fourth quarter on Friday, Dominion Energy, Inc. (D) initiated its operating earnings guidance for the full-year 2022, and provided operating earnings outlook for the first quarter.
For fiscal 2022, the company now projects operating earnings in a range of $3.95 to $4.25 per share. On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $4.12 per share for the year. Analysts' estimates typically exclude special items.
Dominion Energy also expects first-quarter operating earnings in the range of $1.10 to $1.25 per share, while the Street is looking for earnings of $1.15 per share for the quarter.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - While reporting financial results for the fourth quarter on Friday, Dominion Energy, Inc. (D) initiated its operating earnings guidance for the full-year 2022, and provided operating earnings outlook for the first quarter. On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $4.12 per share for the year. Analysts' estimates typically exclude special items.
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(RTTNews) - While reporting financial results for the fourth quarter on Friday, Dominion Energy, Inc. (D) initiated its operating earnings guidance for the full-year 2022, and provided operating earnings outlook for the first quarter. On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $4.12 per share for the year. Dominion Energy also expects first-quarter operating earnings in the range of $1.10 to $1.25 per share, while the Street is looking for earnings of $1.15 per share for the quarter.
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(RTTNews) - While reporting financial results for the fourth quarter on Friday, Dominion Energy, Inc. (D) initiated its operating earnings guidance for the full-year 2022, and provided operating earnings outlook for the first quarter. Dominion Energy also expects first-quarter operating earnings in the range of $1.10 to $1.25 per share, while the Street is looking for earnings of $1.15 per share for the quarter. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts' estimates typically exclude special items. Dominion Energy also expects first-quarter operating earnings in the range of $1.10 to $1.25 per share, while the Street is looking for earnings of $1.15 per share for the quarter. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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698795.0
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2022-02-11 00:00:00 UTC
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Add Up The Pieces: RYU Could Be Worth $120
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D
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https://www.nasdaq.com/articles/add-up-the-pieces%3A-ryu-could-be-worth-%24120
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500— Equal Weight Utilities ETF (Symbol: RYU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $120.35 per unit.
With RYU trading at a recent price near $109.59 per unit, that means that analysts see 9.81% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of RYU's underlying holdings with notable upside to their analyst target prices are Entergy Corp (Symbol: ETR), Edison International (Symbol: EIX), and Dominion Energy Inc (Symbol: D). Although ETR has traded at a recent price of $106.45/share, the average analyst target is 12.26% higher at $119.50/share. Similarly, EIX has 11.61% upside from the recent share price of $60.57 if the average analyst target price of $67.60/share is reached, and analysts on average are expecting D to reach a target price of $87.00/share, which is 11.18% above the recent price of $78.25. Below is a twelve month price history chart comparing the stock performance of ETR, EIX, and D:
Combined, ETR, EIX, and D represent 10.39% of the Invesco S&P 500— Equal Weight Utilities ETF. Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco S&P 500— Equal Weight Utilities ETF RYU $109.59 $120.35 9.81%
Entergy Corp ETR $106.45 $119.50 12.26%
Edison International EIX $60.57 $67.60 11.61%
Dominion Energy Inc D $78.25 $87.00 11.18%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although ETR has traded at a recent price of $106.45/share, the average analyst target is 12.26% higher at $119.50/share. Invesco S&P 500— Equal Weight Utilities ETF RYU $109.59 $120.35 9.81% Entergy Corp ETR $106.45 $119.50 12.26% Edison International EIX $60.57 $67.60 11.61% Dominion Energy Inc D $78.25 $87.00 11.18% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Three of RYU's underlying holdings with notable upside to their analyst target prices are Entergy Corp (Symbol: ETR), Edison International (Symbol: EIX), and Dominion Energy Inc (Symbol: D). Invesco S&P 500— Equal Weight Utilities ETF RYU $109.59 $120.35 9.81% Entergy Corp ETR $106.45 $119.50 12.26% Edison International EIX $60.57 $67.60 11.61% Dominion Energy Inc D $78.25 $87.00 11.18% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, EIX has 11.61% upside from the recent share price of $60.57 if the average analyst target price of $67.60/share is reached, and analysts on average are expecting D to reach a target price of $87.00/share, which is 11.18% above the recent price of $78.25. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500— Equal Weight Utilities ETF (Symbol: RYU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $120.35 per unit. With RYU trading at a recent price near $109.59 per unit, that means that analysts see 9.81% upside for this ETF looking through to the average analyst targets of the underlying holdings.
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698796.0
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2022-02-11 00:00:00 UTC
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Dominion Energy Q4 21 Earnings Conference Call At 10:00 AM ET
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D
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https://www.nasdaq.com/articles/dominion-energy-q4-21-earnings-conference-call-at-10%3A00-am-et
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(RTTNews) - Dominion Energy, Inc.. (D) will host a conference call at 10:00 AM ET on Feb. 11, 2022, to discuss Q4 21 earnings results.
To access the live webcast, log on to https://investors.dominionenergy.com/events-and-presentations/default.aspx
To listen to the call, dial 1-800-420-1271 (US) or 1-785-424-1205 (International) with passcode 50071.
For a replay call, dial 1-800-934-8221 (US) or 1-402-220-6990 (International) with pin 50071.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy, Inc.. (D) will host a conference call at 10:00 AM ET on Feb. 11, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to https://investors.dominionenergy.com/events-and-presentations/default.aspx To listen to the call, dial 1-800-420-1271 (US) or 1-785-424-1205 (International) with passcode 50071. For a replay call, dial 1-800-934-8221 (US) or 1-402-220-6990 (International) with pin 50071.
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To access the live webcast, log on to https://investors.dominionenergy.com/events-and-presentations/default.aspx To listen to the call, dial 1-800-420-1271 (US) or 1-785-424-1205 (International) with passcode 50071. For a replay call, dial 1-800-934-8221 (US) or 1-402-220-6990 (International) with pin 50071. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy, Inc.. (D) will host a conference call at 10:00 AM ET on Feb. 11, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to https://investors.dominionenergy.com/events-and-presentations/default.aspx To listen to the call, dial 1-800-420-1271 (US) or 1-785-424-1205 (International) with passcode 50071. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy, Inc.. (D) will host a conference call at 10:00 AM ET on Feb. 11, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to https://investors.dominionenergy.com/events-and-presentations/default.aspx To listen to the call, dial 1-800-420-1271 (US) or 1-785-424-1205 (International) with passcode 50071. For a replay call, dial 1-800-934-8221 (US) or 1-402-220-6990 (International) with pin 50071.
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698797.0
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2022-02-10 00:00:00 UTC
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Pre-Market Earnings Report for February 11, 2022 : ENB, D, MGA, FTS, APO, WPC, ARES, BRKR, CLF, NWL, G, NBIX
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-february-11-2022-%3A-enb-d-mga-fts-apo-wpc-ares-brkr-clf-nwl
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The following companies are expected to report earnings prior to market open on 02/11/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Enbridge Inc (ENB)is reporting for the quarter ending December 31, 2021. The oil (production/pipeline) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.61. This value represents a 41.86% increase compared to the same quarter last year. ENB missed the consensus earnings per share in the 4th calendar quarter of 2020 by -6.52%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ENB is 19.34 vs. an industry ratio of 13.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Dominion Energy, Inc. (D)is reporting for the quarter ending December 31, 2021. The electric power utilities company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.90. This value represents a 11.11% increase compared to the same quarter last year. D missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -1.3%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for D is 20.81 vs. an industry ratio of 24.10.
Magna International, Inc. (MGA)is reporting for the quarter ending December 31, 2021. The auto (truck) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.82. This value represents a 71.02% decrease compared to the same quarter last year. The last two quarters MGA had negative earnings surprises; the latest report they missed by -25.33%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MGA is 17.37 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Fortis Inc. (FTS)is reporting for the quarter ending December 31, 2021. The electric power utilities company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.57. This value represents a 7.55% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for FTS is 22.20 vs. an industry ratio of 24.10.
Apollo Global Management, Inc. (New) (APO)is reporting for the quarter ending December 31, 2021. The finance/investment management company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.07. This value represents a 48.61% increase compared to the same quarter last year. In the past year APO has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 54.05%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for APO is 15.26 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
W. P. Carey Inc. (WPC)is reporting for the quarter ending December 31, 2021. The reit company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.22. This value represents a 1.67% increase compared to the same quarter last year. In the past year WPC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.64%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for WPC is 15.62 vs. an industry ratio of 10.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Ares Management Corporation (ARES)is reporting for the quarter ending December 31, 2021. The finance/investment management company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.73. This value represents a 35.19% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ARES is 33.04 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Bruker Corporation (BRKR)is reporting for the quarter ending December 31, 2021. The scientific instrument company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.59. This value represents a 1.72% increase compared to the same quarter last year. In the past year BRKR has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 40%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for BRKR is 34.63 vs. an industry ratio of 27.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Cleveland-Cliffs Inc. (CLF)is reporting for the quarter ending December 31, 2021. The mining company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.03. This value represents a 745.83% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CLF is 3.38 vs. an industry ratio of -2.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Newell Brands Inc. (NWL)is reporting for the quarter ending December 31, 2021. The consumer company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.33. This value represents a 41.07% decrease compared to the same quarter last year. In the past year NWL has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 8%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for NWL is 13.24 vs. an industry ratio of -21.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Genpact Limited (G)is reporting for the quarter ending December 31, 2021. The outsourcing company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.45. This value represents a 2.27% increase compared to the same quarter last year. In the past year G has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 20.83%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for G is 23.47 vs. an industry ratio of 5.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Neurocrine Biosciences, Inc. (NBIX)is reporting for the quarter ending December 31, 2021. The drug company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.61. This value represents a 82.96% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for NBIX is 49.75 vs. an industry ratio of -2.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following companies are expected to report earnings prior to market open on 02/11/2022. Visit our Earnings Calendar for a full list of expected earnings releases. Enbridge Inc (ENB)is reporting for the quarter ending December 31, 2021.
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Zacks Investment Research reports that the 2021 Price to Earnings ratio for ENB is 19.34 vs. an industry ratio of 13.30, implying that they will have a higher earnings growth than their competitors in the same industry. The following companies are expected to report earnings prior to market open on 02/11/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
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Zacks Investment Research reports that the 2021 Price to Earnings ratio for WPC is 15.62 vs. an industry ratio of 10.70, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2021 Price to Earnings ratio for BRKR is 34.63 vs. an industry ratio of 27.30, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2021 Price to Earnings ratio for NWL is 13.24 vs. an industry ratio of -21.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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ENB missed the consensus earnings per share in the 4th calendar quarter of 2020 by -6.52%. The following companies are expected to report earnings prior to market open on 02/11/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
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698798.0
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2022-02-10 00:00:00 UTC
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Is a Surprise Coming for Dominion Energy (D) This Earnings Season?
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D
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https://www.nasdaq.com/articles/is-a-surprise-coming-for-dominion-energy-d-this-earnings-season
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Investors are always looking for stocks that are poised to beat at earnings season and Dominion Energy, Inc. D may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Dominion Energy is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for D in this report.
In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of 90 cents per share. This suggests that analysts have very recently bumped up their estimates for D, giving the stock a Zacks Earnings ESP of +0.09% heading into earnings season.
Dominion Energy Inc. Price and EPS Surprise
Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that D has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Dominion Energy, and that a beat might be in the cards for the upcoming report.
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Dominion Energy Inc. (D): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for D in this report. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). Clearly, recent earnings estimate revisions suggest that good things are ahead for Dominion Energy, and that a beat might be in the cards for the upcoming report.
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Dominion Energy Inc. Price and EPS Surprise Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote Why is this Important? Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). Clearly, recent earnings estimate revisions suggest that good things are ahead for Dominion Energy, and that a beat might be in the cards for the upcoming report.
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That is because Dominion Energy is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. This suggests that analysts have very recently bumped up their estimates for D, giving the stock a Zacks Earnings ESP of +0.09% heading into earnings season. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
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This suggests that analysts have very recently bumped up their estimates for D, giving the stock a Zacks Earnings ESP of +0.09% heading into earnings season. Given that D has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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698799.0
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2022-02-09 00:00:00 UTC
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Dominion Energy Inc Shares Near 52-Week High - Market Mover
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https://www.nasdaq.com/articles/dominion-energy-inc-shares-near-52-week-high-market-mover-3
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Dominion Energy Inc (D) shares closed today at 1.6% below its 52 week high of $81.67, giving the company a market cap of $64B. The stock is currently up 2.0% year-to-date, up 12.5% over the past 12 months, and up 34.9% over the past five years. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%.
Trading Activity
Trading volume this week was 30.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 77.8%
The company's stock price performance over the past 12 months lags the peer average by -47.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.7% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc (D) shares closed today at 1.6% below its 52 week high of $81.67, giving the company a market cap of $64B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.4. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 77.8% The company's stock price performance over the past 12 months lags the peer average by -47.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.7% higher than the average peer.
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Dominion Energy Inc (D) shares closed today at 1.6% below its 52 week high of $81.67, giving the company a market cap of $64B. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 77.8% The company's stock price performance over the past 12 months lags the peer average by -47.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.7% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 77.8% The company's stock price performance over the past 12 months lags the peer average by -47.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Utilities industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 77.8% The company's stock price performance over the past 12 months lags the peer average by -47.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.7% higher than the average peer.
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