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698800.0 | 2022-02-08 00:00:00 UTC | Duke Energy (DUK) to Post Q4 Earnings: What's in Store? | D | https://www.nasdaq.com/articles/duke-energy-duk-to-post-q4-earnings%3A-whats-in-store | nan | nan | Duke Energy Corporation DUK is slated to report fourth-quarter 2021 results on Feb 10, before the opening bell.
In the last reported quarter, the company delivered an earnings surprise of 3.87%. Duke Energy has a trailing four-quarter earnings surprise of 2.29%, on average.
Factors to Note
During the fourth quarter, the company’s service territories experienced mixed weather patterns. While some parts had warmer-than-normal temperatures accompanied by extreme drought conditions, in other parts, colder-than-normal temperature accompanied with moderate-to-heavy snowfall was observed. Thus, the overall weather pattern might have had a moderate impact on the utility’s fourth-quarter top-line performance.
Duke Energy Corporation Price and EPS Surprise
Duke Energy Corporation price-eps-surprise | Duke Energy Corporation Quote
With the U.S. economy gradually recovering over the past couple of quarters, an improvement in industrial and commercial sales along with solid customer growth must have contributed to revenues in the quarter to be reported.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $6.14 billion, suggesting growth of 6.2% from the year-ago quarter.
Duke Energy took initiatives in 2020 to significantly reduce its operations and maintenance (O&M) expenses in relation to COVID-19 mitigation efforts. As a result of reductions then, O&M costs might have escalated in the fourth quarter. This, along with higher income tax expenses, might have weighed on the to-be-reported quarter’s performance.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 95 cents per share, indicating a decline of 7.8% from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Duke 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 chances of an earnings beat. But that is not the case here.
Earnings ESP: The company’s Earnings ESP is -1.58%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Duke Energy 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:
Ameren Corporation AEE has an Earnings ESP of +1.00% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ameren has a four-quarter average earnings surprise of 6.65%. The Zacks Consensus Estimate for Ameren’s fourth-quarter sales and earnings is pegged at $1.39 billion and 50 cents per share, respectively. AEE boasts a long-term earnings growth rate of 7.5%.
Dominion Energy D has an Earnings ESP of +0.09% and a Zacks Rank #3. It boasts a long-term earnings growth rate of 6.6%.
The Zacks Consensus Estimate for Dominion Energy’s fourth-quarter sales and earnings is pegged at $3.85 billion and 90 cents per share, respectively. D has a four-quarter average earnings surprise of 2.39%.
American Electric Power Company, Inc. AEP has an Earnings ESP of +0.58% and a Zacks Rank #3.
American Electric boasts a long-term earnings growth rate of 5.6%. The Zacks Consensus Estimate for the company’s fourth-quarter sales and earnings is pegged at $4.02 billion and 94 cents per share, respectively. AEP has a four-quarter average earnings surprise of 1.61%.
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
Ameren Corporation (AEE): Free Stock Analysis Report
Duke Energy Corporation (DUK): 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. | The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 95 cents per share, indicating a decline of 7.8% from the prior-year reported figure. The Zacks Consensus Estimate for Dominion Energy’s fourth-quarter sales and earnings is pegged at $3.85 billion and 90 cents per share, respectively. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. | The Zacks Consensus Estimate for Dominion Energy’s fourth-quarter sales and earnings is pegged at $3.85 billion and 90 cents per share, respectively. Duke Energy Corporation (DUK): Free Stock Analysis Report Duke Energy Corporation DUK is slated to report fourth-quarter 2021 results on Feb 10, before the opening bell. | Duke Energy Corporation Price and EPS Surprise Duke Energy Corporation price-eps-surprise | Duke Energy Corporation Quote With the U.S. economy gradually recovering over the past couple of quarters, an improvement in industrial and commercial sales along with solid customer growth must have contributed to revenues in the quarter to be reported. 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 fourth-quarter sales and earnings is pegged at $3.85 billion and 90 cents per share, respectively. | In the last reported quarter, the company delivered an earnings surprise of 3.87%. Duke Energy has a trailing four-quarter earnings surprise of 2.29%, on average. Ameren Corporation AEE has an Earnings ESP of +1.00% and a Zacks Rank #2. |
698801.0 | 2022-02-08 00:00:00 UTC | Dominion Energy (D) to Report Q4 Earnings: What's in Store? | D | https://www.nasdaq.com/articles/dominion-energy-d-to-report-q4-earnings%3A-whats-in-store | nan | nan | Dominion Energy Inc. D is scheduled to release fourth-quarter 2021 earnings on Feb 11, before the market opens. This utility delivered an earnings surprise of 4.7% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Dominion Energy’s fourth-quarter earnings are likely to have benefited from regulated investment and improving sales from commercial and industrial customer groups.
Earnings in the quarter are likely to have been adversely impacted by COVID deferred operating and maintenance expenses.
Expectation
Dominion Energy expects fourth-quarter earnings in the range of 85-95 cents per share. The Zacks Consensus Estimate for the same is pegged at 90 cents per share, indicating growth of 11.1% 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 +0.09%.
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 #2. 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 industry that have the right combination of elements to post an earnings beat for the to-be-reported quarter.
DTE Energy Company DTE is expected to beat estimates when it reports fourth-quarter results on Feb 10. DTE Energy has an Earnings ESP of +1.06% and a Zacks Rank #3.
DTE Energy’s long-term (three to five years) earnings growth is currently pegged at 6%. The Zacks Consensus Estimate for DTE’s 2022 earnings per share indicates year-over-year growth of 0.2%.
Eversource Energy ES is expected to beat estimates when it reports fourth-quarter results on Feb 17. Eversource Energy has an Earnings ESP of +0.36% and a Zacks Rank #3.
Eversource Energy’s long-term earnings growth is currently pegged at 6.1%. The Zacks Consensus Estimate for ES’ 2022 earnings per share indicates year-over-year growth of 6.8%.
Ameren Corporation AEE is expected to beat estimates when it reports fourth-quarter results on Feb 18. Ameren has an Earnings ESP of +1.00% and a Zacks Rank #3.
Ameren’s long-term earnings growth is currently pegged at 7.5%. The Zacks Consensus Estimate for AEE’s 2022 earnings per share indicates year-over-year growth of 4.4%.
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
Ameren Corporation (AEE): Free Stock Analysis Report
DTE Energy Company (DTE): Free Stock Analysis Report
Dominion Energy Inc. (D): 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. | Factors to Note Dominion Energy’s fourth-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 industry that 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. | 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 +0.09%. DTE Energy Company DTE is expected to beat estimates when it reports fourth-quarter results on Feb 10. DTE Energy Company (DTE): Free Stock Analysis Report | 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 Inc. Price and EPS Surprise Dominion Energy Inc. price-eps-surprise | Dominion Energy Inc. Quote Earnings ESP: The company’s Earnings ESP is +0.09%. DTE Energy has an Earnings ESP of +1.06% and a Zacks Rank #3. | 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 +0.09%. DTE Energy Company (DTE): Free Stock Analysis Report Dominion Energy Inc. (D): Free Stock Analysis Report |
698802.0 | 2022-02-08 00:00:00 UTC | PG&E (PCG) to Report Q4 Earnings: What's in the Offing? | D | https://www.nasdaq.com/articles/pge-pcg-to-report-q4-earnings%3A-whats-in-the-offing | nan | nan | PG&E Corporation PCGis scheduled to report fourth-quarter 2021 results on Feb 10 before the opening bell.
In the last reported quarter, the company delivered a negative earnings surprise of 7.69%. The company boasts a four-quarter average negative earnings surprise of 5.48%.
Let's take a closer look at the factors that are likely to get reflected in PG&E Corporation’s upcoming results.
Factors to Note
During October and November, the company’s service territories witnessed above-normal precipitation, resulting in wet weather conditions. In November, its service territories experienced a warm weather pattern, while in December heavy rainfall was observed. Such weather patterns are likely to have boosted electricity demand among the company’s customers. This, in turn, might have favored the to-be-reported quarter's top line.
However, in October, an intense multiple atmospheric rivers event brought record rainfall to parts of central California, resulting in floods, landslides, downed trees and power outages throughout the region in Central California. This might have disrupted the smooth electricity flow for PCG customers, thereby contributing unfavorably to the company’s revenues in the to-be-reported quarter.
Thus, the overall impact of weather patterns is likely to have been mixed on the company’s fourth-quarter top line.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $5.14 billion, suggesting growth of 8.2% from the year-ago quarter.
However, restoration costs concerning the intense multiple atmospheric rivers event that caused power outages for a few PG&E customers might have hurt its overall quarterly earnings in the fourth quarter.
PG&E’s strong cost-reduction efforts, along with successful settlement agreements regarding the cost recovery for wildfire mitigation, may have offset the aforementioned impact. This is likely to get duly reflected in the to-be-reported quarter's results.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 28 cents per share, indicating an improvement of 33.3% from the prior-year reported figure.
Pacific Gas & Electric Co. Price and EPS Surprise
Pacific Gas & Electric Co. price-eps-surprise | Pacific Gas & Electric Co. Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for PCG 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.
PG&E Corporation has an Earnings ESP of 0.00% 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 that you may want to consider as these have the right combination of elements to post an earnings beat this season:
Ameren Corporation AEE has an Earnings ESP of +1.00% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ameren has a four-quarter average earnings surprise of 6.65%. The Zacks Consensus Estimate for Ameren’s fourth-quarter sales and earnings is pegged at $1.39 billion and 50 cents per share, respectively. AEE boasts a long-term earnings growth rate of 7.5%.
Dominion Energy D has an Earnings ESP of +0.09% and a Zacks Rank #3. It boasts a long-term earnings growth rate of 6.6%.
The Zacks Consensus Estimate for Dominion Energy’s fourth-quarter sales and earnings is pegged at $3.85 billion and 90 cents per share, respectively. D has a four-quarter average earnings surprise of 2.39%.
DTE Energy DTE has an Earnings ESP of +1.06% and a Zacks Rank #3.
DTE Energy boasts a long-term earnings growth rate of 6%. The Zacks Consensus Estimate for the company’s fourth-quarter sales and earnings is pegged at $3.18 billion and 94 cents per share, respectively. DTE has a four-quarter average earnings surprise of 9.05%.
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
Ameren Corporation (AEE): Free Stock Analysis Report
Pacific Gas & Electric Co. (PCG): 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. | Factors to Note During October and November, the company’s service territories witnessed above-normal precipitation, resulting in wet weather conditions. PG&E’s strong cost-reduction efforts, along with successful settlement agreements regarding the cost recovery for wildfire mitigation, may have offset the aforementioned impact. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 28 cents per share, indicating an improvement of 33.3% from the prior-year reported figure. | The Zacks Consensus Estimate for Dominion Energy’s fourth-quarter sales and earnings is pegged at $3.85 billion and 90 cents per share, respectively. DTE Energy Company (DTE): Free Stock Analysis Report PG&E Corporation PCGis scheduled to report fourth-quarter 2021 results on Feb 10 before the opening bell. | 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. Stocks to Consider Here are three Utilities that you may want to consider as these have the right combination of elements to post an earnings beat this season: Ameren Corporation AEE has an Earnings ESP of +1.00% and a Zacks Rank #2. The Zacks Consensus Estimate for the company’s fourth-quarter sales and earnings is pegged at $3.18 billion and 94 cents per share, respectively. | In the last reported quarter, the company delivered a negative earnings surprise of 7.69%. 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. PG&E Corporation PCGis scheduled to report fourth-quarter 2021 results on Feb 10 before the opening bell. |
698803.0 | 2022-02-08 00:00:00 UTC | MDU Resources (MDU) to Post Q4 Earnings: What's in the Offing? | D | https://www.nasdaq.com/articles/mdu-resources-mdu-to-post-q4-earnings%3A-whats-in-the-offing | nan | nan | MDU Resources Group MDU is slated to release fourth-quarter 2021 results on Feb 10 before the market opens. MDU Resources delivered a negative earnings surprise of 13.92% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
MDU Resources’ fourth-quarter earnings are likely to have benefited from strong demand from its increasing electric and natural gas customer volume. The acquisition of Baker Rock Resources and Oregon Mainline Paving during the fourth-quarter is expected to have been accretive to earnings.
MDU Resources’ fourth-quarter results are likely to be adversely impacted by an increase in operating and maintenance expenses in the electric and natural gas distribution segment.
Expectations
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 55 cents per share, indicating a decline of 1.79% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not 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.
DTE Energy DTE is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 10 before the market opens. DTE Energy has an Earnings ESP of +1.06% and a Zacks Rank of #3 at present.
DTE Energy’s long-term (three to five years) earnings growth is projected at 6%. The Zacks Consensus Estimate for DTE’s 2022 earnings per share (EPS) indicates year-over-year growth of 0.23%.
Dominion Energy Inc. D is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 11 before the market opens. Dominion Energy has an Earnings ESP of +0.09% and a Zacks Rank of #3 at present.
Dominion Energy’s long-term earnings growth is projected at 6.59%. The Zacks Consensus Estimate for D’s 2022 EPS indicates year-over-year growth of 6.79%.
ONE Gas Inc. OGS is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 23 after the market closes. ONE Gas has an Earnings ESP of +0.60% and a Zacks Rank of #3 at present.
ONE Gas’s long-term earnings growth is projected at 5%. The Zacks Consensus Estimate for OGS’s 2022 EPS indicates year-over-year growth of 5.91%.
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
DTE Energy Company (DTE): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
MDU Resources Group, Inc. (MDU): 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. | Factors to Consider MDU Resources’ fourth-quarter earnings are likely to have benefited from strong demand from its increasing electric and natural gas customer volume. MDU Resources’ fourth-quarter results are likely to be adversely impacted by an increase in operating and maintenance expenses in the electric and natural gas distribution segment. Expectations The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 55 cents per share, indicating a decline of 1.79% from the year-ago reported figure. | 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%. DTE Energy Company (DTE): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Free Stock Analysis Report | 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%. DTE Energy DTE is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 10 before the market opens. | DTE Energy has an Earnings ESP of +1.06% and a Zacks Rank of #3 at present. DTE Energy Company (DTE): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Free Stock Analysis Report |
698804.0 | 2022-02-07 00:00:00 UTC | Dominion Energy Inc Shares Near 52-Week High - Market Mover | D | https://www.nasdaq.com/articles/dominion-energy-inc-shares-near-52-week-high-market-mover-2 | nan | nan | Dominion Energy Inc (D) shares closed today at 1.8% below its 52 week high of $81.67, giving the company a market cap of $64B. The stock is currently up 2.1% year-to-date, up 12.5% over the past 12 months, and up 35.2% over the past five years. This week, the Dow Jones Industrial Average rose 1.1%, and the S&P 500 rose 1.5%.
Trading Activity
Trading volume this week was 26.0% 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 98.6%
The company's stock price performance over the past 12 months lags the peer average by -47.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.8% 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. | Dominion Energy Inc (D) shares closed today at 1.8% 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 98.6% The company's stock price performance over the past 12 months lags the peer average by -47.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.8% higher than the average peer. | Dominion Energy Inc (D) shares closed today at 1.8% below its 52 week high of $81.67, giving the company a market cap of $64B. This week, the Dow Jones Industrial Average rose 1.1%, and the S&P 500 rose 1.5%. 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 98.6% The company's stock price performance over the past 12 months lags the peer average by -47.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.8% higher than the average peer. | 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 98.6% The company's stock price performance over the past 12 months lags the peer average by -47.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.8% 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. | This week, the Dow Jones Industrial Average rose 1.1%, and the S&P 500 rose 1.5%. 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 98.6% The company's stock price performance over the past 12 months lags the peer average by -47.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 14.8% higher than the average peer. |
698805.0 | 2022-02-07 00:00:00 UTC | DTE Energy (DTE) to Report Q4 Earnings: What's in the Offing? | D | https://www.nasdaq.com/articles/dte-energy-dte-to-report-q4-earnings%3A-whats-in-the-offing | nan | nan | DTE Energy Company DTE is set to report fourth-quarter 2021 results on Feb 10 before market open.
In the last reported quarter, the company delivered a negative earnings surprise of 6.01%. The company boasts a four-quarter average earnings surprise of 9.05%.
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 November and December, the company’s service territories witnessed cooler-than-normal temperatures accompanied by above-average snowfall. This is likely to have boosted electricity demand for heating purposes among the company’s customers, thereby boosting its top line in the fourth quarter.
However, in October, an above-average warm weather pattern accompanied by a serious drought condition in some parts of its service territories might have hurt its quarterly revenues. Therefore, the overall impact of temperature on DTE’s fourth-quarter revenues seems to have been mixed.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $3.18 billion, indicating a 3.3% 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 fourth quarter. However, a $50-million favorable reversal related to tax timing adjustments for the first three quarters is expected to have added impetus to its bottom line in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for DTE Energy’s fourth-quarter earningsis pegged at 94 cents per share, suggesting a 32.4% decline from the year-ago quarter’s reported figure.
DTE Energy Company Price and EPS Surprise
DTE Energy Company price-eps-surprise | DTE Energy Company Quote
What the Zacks Model Unveils
Our proven model predicts an earnings beat for DTE 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 the case here. DTE Energy has the right combination of elements to post an earnings beat this season.
The company has an Earnings ESP of +1.06% and carries a Zacks Rank #3 (Hold). 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 Utility players that you may want to consider as they have the right combination of elements to post an earnings beat this season:
Ameren Corporation AEE has an Earnings ESP of +1.00% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ameren has a four-quarter average earnings surprise of 6.65%. The Zacks Consensus Estimate for Ameren’s fourth-quarter sales and earnings is pegged at $1.39 billion and 50 cents per share, respectively. AEE boasts a long-term earnings growth rate of 7.5%.
Dominion Energy D has an Earnings ESP of +0.09% and a Zacks Rank #3. It boasts a long-term earnings growth rate of 6.6%.
The Zacks Consensus Estimate for Dominion Energy’s fourth-quarter sales and earnings is pegged at $3.85 billion and 90 cents per share, respectively. D has a four-quarter average earnings surprise of 2.39%.
American Electric Power Company, Inc. AEP has an Earnings ESP of +0.58% and a Zacks Rank #3.
American Electric boasts a long-term earnings growth rate of 5.6%. The Zacks Consensus Estimate for the company’s fourth-quarter sales and earnings is pegged at $4.02 billion and 94 cents per share, respectively. AEP has a four-quarter average earnings surprise of 1.61%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Ameren Corporation (AEE): Free Stock Analysis Report
DTE Energy Company (DTE): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, in October, an above-average warm weather pattern accompanied by a serious drought condition in some parts of its service territories might have hurt its quarterly revenues. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $3.18 billion, indicating a 3.3% decline from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for DTE Energy’s fourth-quarter earningsis pegged at 94 cents per share, suggesting a 32.4% decline from the year-ago quarter’s reported figure. | The Zacks Consensus Estimate for DTE Energy’s fourth-quarter earningsis pegged at 94 cents per share, suggesting a 32.4% decline from the year-ago quarter’s reported figure. DTE Energy Company Price and EPS Surprise DTE Energy Company price-eps-surprise | DTE Energy Company Quote What the Zacks Model Unveils Our proven model predicts an earnings beat for DTE this time. DTE Energy Company DTE is set to report fourth-quarter 2021 results on Feb 10 before market open. | DTE Energy Company Price and EPS Surprise DTE Energy Company price-eps-surprise | DTE Energy Company Quote What the Zacks Model Unveils Our proven model predicts an earnings beat for DTE this time. Stocks To Consider Here are three Utility players that you may want to consider as they have the right combination of elements to post an earnings beat this season: Ameren Corporation AEE has an Earnings ESP of +1.00% and a Zacks Rank #2. DTE Energy Company (DTE): Free Stock Analysis Report | In the last reported quarter, the company delivered a negative earnings surprise of 6.01%. Don’t miss your chance to get in on these long-term buys Access Zacks Top 10 Stocks for 2022 today >> DTE Energy Company (DTE): Free Stock Analysis Report |
698806.0 | 2022-02-07 00:00:00 UTC | FirstEnergy (FE) to Report Q4 Earnings: What's in the Offing? | D | https://www.nasdaq.com/articles/firstenergy-fe-to-report-q4-earnings%3A-whats-in-the-offing | nan | nan | FirstEnergy Corporation FE is slated to release fourth-quarter 2021 results on Feb 10 after the market closes. The firm delivered a positive earnings surprise of 1.23% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
FirstEnergy’s fourth-quarter earnings are likely to have gained from lower Operating and Maintenance expenses. The higher sales volume from the Commercial and Industrial group is expected to have boosted fourth-quarter earnings.
FirstEnergy’s fourth-quarter results are expected to have been adversely impacted by the absence of Ohio decoupling, which will lower revenues.
Expectations
The Zacks Consensus Estimate for the fourth-quarter earnings is pegged at 52 cents per share, which indicates growth of 62.5% from the year-ago reported figure.
The Zacks Consensus Estimate for fourth-quarter sales stands at $2.81 billion, suggesting growth of 10.57% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not predict an earnings beat for FE 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.
FirstEnergy Corporation Price and EPS Surprise
FirstEnergy Corporation price-eps-surprise | FirstEnergy Corporation Quote
Earnings ESP: FirstEnergy has an Earnings ESP of +1.44%. 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 #5 (Strong 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.
DTE Energy DTE is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 10 before the market opens. DTE Energy has an Earnings ESP of +1.06% and a Zacks Rank of #3 at present.
DTE Energy’s long-term (three to five years) earnings growth is projected at 6%. The Zacks Consensus Estimate for DTE’s 2022 earnings per share (EPS) indicates year-over-year growth of 0.23%.
Dominion Energy Inc. D is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 11 before the market opens. Dominion Energy has an Earnings ESP of +0.09% and a Zacks Rank of #3 at present.
Dominion Energy’s long-termearnings growth is projected at 6.59%. The Zacks Consensus Estimate for D’s 2022 EPS indicates year-over-year growth of 6.79%.
ONE Gas Inc. OGS is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 23 after the market closes. ONE Gas has an Earnings ESP of +0.60% and a Zacks Rank of #3 at present.
ONE Gas’s long-termearnings growth is projected at 5%. The Zacks Consensus Estimate for OGS’s 2022 EPS indicates year-over-year growth of 5.91%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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FirstEnergy Corporation (FE): Free Stock Analysis Report
DTE Energy Company (DTE): Free Stock Analysis Report
Dominion Energy Inc. (D): 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. | FirstEnergy’s fourth-quarter results are expected to have been adversely impacted by the absence of Ohio decoupling, which will lower revenues. Expectations The Zacks Consensus Estimate for the fourth-quarter earnings is pegged at 52 cents per share, which indicates growth of 62.5% from the year-ago reported figure. The Zacks Consensus Estimate for fourth-quarter sales stands at $2.81 billion, suggesting growth of 10.57% from the year-ago reported figure. | FirstEnergy Corporation Price and EPS Surprise FirstEnergy Corporation price-eps-surprise | FirstEnergy Corporation Quote Earnings ESP: FirstEnergy has an Earnings ESP of +1.44%. DTE Energy Company (DTE): Free Stock Analysis Report FirstEnergy Corporation FE is slated to release fourth-quarter 2021 results on Feb 10 after the market closes. | Expectations The Zacks Consensus Estimate for the fourth-quarter earnings is pegged at 52 cents per share, which indicates growth of 62.5% 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 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 +1.44%. | 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. DTE Energy has an Earnings ESP of +1.06% and a Zacks Rank of #3 at present. Don’t miss your chance to get in on these long-term buys Access Zacks Top 10 Stocks for 2022 today >> |
698807.0 | 2022-02-04 00:00:00 UTC | Dominion Energy (D) Earnings Expected to Grow: Should You Buy? | D | https://www.nasdaq.com/articles/dominion-energy-d-earnings-expected-to-grow%3A-should-you-buy | nan | nan | 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 December 2021. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 11. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This energy company is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of +11.1%.
Revenues are expected to be $3.85 billion, up 9.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 16.67% lower 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.
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. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
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 +0.09%.
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 $1.06 per share when it actually produced earnings of $1.11, delivering a surprise of +4.72%.
Over the last four quarters, the company has beaten consensus EPS estimates three 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.
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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. | 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 the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability 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. | Zacks Consensus Estimate This energy company is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of +11.1%. 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 December 2021. | 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 December 2021. | The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 11. Zacks Consensus Estimate This energy company is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of +11.1%. Download FREE: How to Profit from Trillions on Spending for Infrastructure >> |
698808.0 | 2022-02-04 00:00:00 UTC | XLU, SO, D, EXC: ETF Inflow Alert | D | https://www.nasdaq.com/articles/xlu-so-d-exc%3A-etf-inflow-alert | nan | nan | 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 $424.7 million dollar inflow -- that's a 3.2% increase week over week in outstanding units (from 190,120,000 to 196,270,000). Among the largest underlying components of XLU, in trading today Southern Company (Symbol: SO) is down about 1.4%, Dominion Energy Inc (Symbol: D) is off about 1.7%, and Exelon Corp (Symbol: EXC) is lower by about 2.1%. 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 $68.00. 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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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. | 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 $424.7 million dollar inflow -- that's a 3.2% increase week over week in outstanding units (from 190,120,000 to 196,270,000). 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. | Among the largest underlying components of XLU, in trading today Southern Company (Symbol: SO) is down about 1.4%, Dominion Energy Inc (Symbol: D) is off about 1.7%, and Exelon Corp (Symbol: EXC) is lower by about 2.1%. 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 $68.00. 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''. | 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 $424.7 million dollar inflow -- that's a 3.2% increase week over week in outstanding units (from 190,120,000 to 196,270,000). 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 $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $68.00. 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. | 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 $424.7 million dollar inflow -- that's a 3.2% increase week over week in outstanding units (from 190,120,000 to 196,270,000). 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 $58.27 per share, with $71.83 as the 52 week high point — that compares with a last trade of $68.00. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. |
698809.0 | 2022-02-04 00:00:00 UTC | PNM Resources (PNM) Q4 Earnings Beat Estimates, Revenues Rise | D | https://www.nasdaq.com/articles/pnm-resources-pnm-q4-earnings-beat-estimates-revenues-rise | nan | nan | PNM Resources PNM reported fourth-quarter 2021 earnings per share (EPS) of 21 cents, which beat the Zacks Consensus Estimate of 15 cents by 40%. The bottom line also improved 40% from the year-ago earnings of 15 cents per share.
GAAP earnings for the quarter were 13 cents per share, up 18.2% from the prior-year quarter’s reading of 11 cents.
Total Revenues
Total electric operating revenues for 2021 were $1,779.9 million, up 16.9% from $1,523 million in the comparable period of 2020.
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 2021 totaled $1471.7 million, up 19% from $1,237.7million in 2020, due to increase in energy production, transmission and distribution cost.
Operating income for 2021 was $308.2 million, up 8.03% from $285.3 million in 2020.
PNM Resources’ board of directors declared annual cash dividend of $1.39 per share for 2022, an increase of 6.1% over the previous year's dividend. This is consistent with the target payout ratio of 55% of net income.
PNM Resources’ merger with Avangrid is expected to be extended to April 20, 2023. PNM has appealed to the New Mexico Supreme Court for merger approval from the New Mexico Public Regulation Commission to bring additional benefits to customers, employees and communities. PNM has also got key regulatory approval for the retirement of the Four Corners Power Plant and the implementation of the Transportation Electrification Program.
Guidance
PNM Resources has initiated the 2022 EPS guidance range of $2.50-$2.60 and 2023 EPS guidance in the band of $2.60-$2.75. The midpoint of the above-guided range for 2022 is $2.55, higher than the current Zacks Consensus Estimate for the period of $2.53 per share.
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
Duke Energy DUK is set to release fourth-quarter 2021 results on Feb 10. The Zacks Consensus Estimate for EPS is pegged at 95 cents.
Duke Energy’s long-term earnings growth is projected at 5.3%. The Zacks Consensus Estimate for DUK’s 2022 EPS indicates year-over-year growth of 4.59%.
Dominion Energy D is scheduled to announce fourth-quarter 2021 results on Feb 11. The Zacks Consensus Estimate for earnings is pegged at 90 cents per share.
Dominion’s long-term earnings growth is projected at 6.6%. The Zacks Consensus Estimate for D’s 2022 EPS suggests year-over-year growth of 7%.
PG&E Corporation PCG is set to release fourth-quarter 2021 results on Feb 10. The Zacks Consensus Estimate for EPS is pegged at 28 cents.
PG&E’s long-term earnings growth is projected at 2.51%. The Zacks Consensus Estimate for PCG’s 2022 EPS indicates year-over-year growth of 8.75%.
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Pacific Gas & Electric Co. (PCG): Free Stock Analysis 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
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. | PNM has also got key regulatory approval for the retirement of the Four Corners Power Plant and the implementation of the Transportation Electrification Program. 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 7 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. | PNM Resources PNM reported fourth-quarter 2021 earnings per share (EPS) of 21 cents, which beat the Zacks Consensus Estimate of 15 cents by 40%. Duke Energy Corporation (DUK): Free Stock Analysis Report The bottom line also improved 40% from the year-ago earnings of 15 cents per share. | PNM Resources PNM reported fourth-quarter 2021 earnings per share (EPS) of 21 cents, which beat the Zacks Consensus Estimate of 15 cents by 40%. 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 2021 totaled $1471.7 million, up 19% from $1,237.7million in 2020, due to increase in energy production, transmission and distribution cost. The bottom line also improved 40% from the year-ago earnings of 15 cents per share. | PNM Resources PNM reported fourth-quarter 2021 earnings per share (EPS) of 21 cents, which beat the Zacks Consensus Estimate of 15 cents by 40%. 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 2021 totaled $1471.7 million, up 19% from $1,237.7million in 2020, due to increase in energy production, transmission and distribution cost. The bottom line also improved 40% from the year-ago earnings of 15 cents per share. |
698810.0 | 2022-02-04 00:00:00 UTC | Dominion Energy Inc Shares Close in on 52-Week High - Market Mover | D | https://www.nasdaq.com/articles/dominion-energy-inc-shares-close-in-on-52-week-high-market-mover-3 | nan | nan | Dominion Energy Inc (D) shares closed today at 0.6% below its 52 week high of $81.48, giving the company a market cap of $65B. The stock is currently up 3.5% year-to-date, up 15.7% over the past 12 months, and up 38.1% over the past five years. This week, the Dow Jones Industrial Average rose 4.3%, and the S&P 500 rose 5.5%.
Trading Activity
Trading volume this week was 3.4% higher 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 102.0%
The company's stock price performance over the past 12 months lags the peer average by -39.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 15.5% 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. | Dominion Energy Inc (D) shares closed today at 0.6% below its 52 week high of $81.48, giving the company a market cap of $65B. 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 102.0% The company's stock price performance over the past 12 months lags the peer average by -39.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 15.5% higher than the average peer. | This week, the Dow Jones Industrial Average rose 4.3%, and the S&P 500 rose 5.5%. Trading Activity Trading volume this week was 3.4% higher than the 20-day average. 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 102.0% The company's stock price performance over the past 12 months lags the peer average by -39.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 15.5% higher than the average peer. | 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 102.0% The company's stock price performance over the past 12 months lags the peer average by -39.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 15.5% 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. | This week, the Dow Jones Industrial Average rose 4.3%, and the S&P 500 rose 5.5%. 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 102.0% The company's stock price performance over the past 12 months lags the peer average by -39.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 15.5% higher than the average peer. |
698811.0 | 2022-02-03 00:00:00 UTC | CMS Energy (CMS) Q4 Earnings In Line, Revenues Increase Y/Y | D | https://www.nasdaq.com/articles/cms-energy-cms-q4-earnings-in-line-revenues-increase-y-y | nan | nan | CMS Energy Corporation CMS reported fourth-quarter 2021 adjusted earnings per share (EPS) of 47 cents from continuing operations, which came in line with the Zacks Consensus Estimate. The reported figure declined 2.1% on a year-over-year basis.
The company also reported GAAP earnings of $2.20, up from 55 cents generated in the year-ago quarter.
For 2021, CMS Energy posted an adjusted EPS of $2.66 from continuing operations, which surpassed the Zacks Consensus Estimate of $2.65. The reported figure also improved from $2.27 generated in 2020.
CMS Energy Corporation Price, Consensus and EPS Surprise
CMS Energy Corporation price-consensus-eps-surprise-chart | CMS Energy Corporation Quote
Operational Performance
For the quarter under review, CMS Energy’s operating revenues were $2,033 million, which exceeded the Zacks Consensus Estimate of $1,754 million by 15.9%. The top line also improved 17.7% on a year-over-year basis.
In 2021, the company generated operating revenues of $7.33 billion, which exceeded the Zacks Consensus Estimate of $6.97 billion. The top line also improved 14.2% from the 2020 revenue figure.
CMS Energy’s interest charges were $126 million during the fourth quarter, down 0.8% from the year-ago period.
Financial Condition
CMS Energy had cash and cash equivalents of $452 million as of Dec 31, 2021, up from $32 million at the end of 2020.
As of Dec 31, 2021, total debt, financial leases and financing obligations (excluding securitization debt) were $12,276 million, up from $12,166 million at the end of 2020.
In 2021, the company generated cash from operating activities worth $1,819 million compared with $1,276 million in 2020.
2022 Guidance
CMS Energy raised the upper end of its 2022 adjusted earnings guidance to the range of $2.85- $2.89 per share from the prior guidance of $2.85- $2.87 per share. The Zacks Consensus Estimate for the company’s 2022 earnings is currently pegged at $2.87, in line with the mid-point of the company’s newly guided range.
Zacks Rank
CMS Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A Recent Utility Release
NextEra Energy NEE reported fourth-quarter 2021 adjusted earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 40 cents by 2.5%. The bottom line was also up 2.5% from the prior-year quarter.
NextEra’s operating revenues were $5,046 million, which lagged the Zacks Consensus Estimate of $5,436 million by 7.2%. Nonetheless, the top line improved 14.8% year over year.
Upcoming Releases
Duke Energy DUK is set to release fourth-quarter 2021 results on Feb 10. The Zacks Consensus Estimate for earnings per share is pegged at 95 cents.
Duke Energy’s long-term earnings growth is projected at 5.3%. The Zacks Consensus Estimate for 2022 earnings per share indicates year-over-year growth of 4.6%.
Dominion Energy D is scheduled to announce fourth-quarter 2021 results on Feb 11. The Zacks Consensus Estimate for earnings is pegged at 90 cents per share.
Dominion’s long-term earnings growth is projected at 6.6%. The Zacks Consensus Estimate for 2022 earnings per share suggests year-over-year growth of 7%.
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NextEra Energy, Inc. (NEE): 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
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. | For 2021, CMS Energy posted an adjusted EPS of $2.66 from continuing operations, which surpassed the Zacks Consensus Estimate of $2.65. CMS Energy’s interest charges were $126 million during the fourth quarter, down 0.8% from the year-ago period. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. | CMS Energy Corporation CMS reported fourth-quarter 2021 adjusted earnings per share (EPS) of 47 cents from continuing operations, which came in line with the Zacks Consensus Estimate. CMS Energy Corporation Price, Consensus and EPS Surprise CMS Energy Corporation price-consensus-eps-surprise-chart | CMS Energy Corporation Quote Operational Performance For the quarter under review, CMS Energy’s operating revenues were $2,033 million, which exceeded the Zacks Consensus Estimate of $1,754 million by 15.9%. A Recent Utility Release NextEra Energy NEE reported fourth-quarter 2021 adjusted earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 40 cents by 2.5%. | CMS Energy Corporation CMS reported fourth-quarter 2021 adjusted earnings per share (EPS) of 47 cents from continuing operations, which came in line with the Zacks Consensus Estimate. CMS Energy Corporation Price, Consensus and EPS Surprise CMS Energy Corporation price-consensus-eps-surprise-chart | CMS Energy Corporation Quote Operational Performance For the quarter under review, CMS Energy’s operating revenues were $2,033 million, which exceeded the Zacks Consensus Estimate of $1,754 million by 15.9%. A Recent Utility Release NextEra Energy NEE reported fourth-quarter 2021 adjusted earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 40 cents by 2.5%. | CMS Energy Corporation CMS reported fourth-quarter 2021 adjusted earnings per share (EPS) of 47 cents from continuing operations, which came in line with the Zacks Consensus Estimate. NextEra’s operating revenues were $5,046 million, which lagged the Zacks Consensus Estimate of $5,436 million by 7.2%. The Zacks Consensus Estimate for 2022 earnings per share indicates year-over-year growth of 4.6%. |
698812.0 | 2022-02-02 00:00:00 UTC | Dominion Energy Inc Shares Climb 0.3% Past Previous 52-Week High - Market Mover | D | https://www.nasdaq.com/articles/dominion-energy-inc-shares-climb-0.3-past-previous-52-week-high-market-mover | nan | nan | Dominion Energy Inc (D) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $64B. The stock is currently up 1.9% year-to-date, up 14.0% over the past 12 months, and up 35.6% over the past five years. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 4.3%.
Trading Activity
Trading volume this week was 8.2% higher 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 above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed above its Bollinger band, indicating it may be overbought.
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 -23134.5%
The company's stock price performance over the past 12 months lags the peer average by -43.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.1% 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. | Dominion Energy Inc (D) shares closed 0.3% higher than its previous 52 week high, 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 -23134.5% The company's stock price performance over the past 12 months lags the peer average by -43.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.1% higher than the average peer. | Dominion Energy Inc (D) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $64B. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 4.3%. 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 -23134.5% The company's stock price performance over the past 12 months lags the peer average by -43.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.1% higher than the average peer. | 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 -23134.5% The company's stock price performance over the past 12 months lags the peer average by -43.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.1% 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. | Dominion Energy Inc (D) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $64B. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. 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 -23134.5% The company's stock price performance over the past 12 months lags the peer average by -43.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.1% higher than the average peer. |
698813.0 | 2022-02-02 00:00:00 UTC | Insiders Were Right: Dominion Energy Makes New 52-Week High | D | https://www.nasdaq.com/articles/insiders-were-right%3A-dominion-energy-makes-new-52-week-high | nan | nan | In trading on Wednesday, shares of Dominion Energy Inc (Symbol: D) touched a new 52-week high of $81.17/share. That's a 19.63% rise, or $13.32 per share from the 52-week low of $67.85 set back on 03/04/2021. That means at today's intraday high, any investor who purchased D stock any time over the past 52 weeks has an unrealized gain, including company insiders.
Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, D has seen 3 different instances of insiders buying over the trailing six month period.
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00
11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998.00
11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00
11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998.00
11/24/2021 Susan N. Story Director 1,500 $74.42 $111,630.00
The chart below shows where D has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Wednesday, D shares are changing hands at $80.93/share, slightly below the new 52-week high.
Ten Bargains You Can Buy Cheaper Than The Insiders Did »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Dominion Energy Inc (Symbol: D) touched a new 52-week high of $81.17/share. That means at today's intraday high, any investor who purchased D stock any time over the past 52 weeks has an unrealized gain, including company insiders. 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998.00 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998.00 11/24/2021 Susan N. Story Director 1,500 $74.42 $111,630.00 The chart below shows where D has traded over the past year, with the 50-day and 200-day moving averages included. | In trading on Wednesday, shares of Dominion Energy Inc (Symbol: D) touched a new 52-week high of $81.17/share. Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998.00 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998.00 11/24/2021 Susan N. Story Director 1,500 $74.42 $111,630.00 The chart below shows where D has traded over the past year, with the 50-day and 200-day moving averages included. | That means at today's intraday high, any investor who purchased D stock any time over the past 52 weeks has an unrealized gain, including company insiders. 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998.00 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00 11/10/2021 James R. Chapman EVP, CFO & Treasurer 996 $75.28 $74,998.00 11/24/2021 Susan N. Story Director 1,500 $74.42 $111,630.00 The chart below shows where D has traded over the past year, with the 50-day and 200-day moving averages included. Ten Bargains You Can Buy Cheaper Than The Insiders Did » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Dominion Energy Inc (Symbol: D) touched a new 52-week high of $81.17/share. That means at today's intraday high, any investor who purchased D stock any time over the past 52 weeks has an unrealized gain, including company insiders. Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. |
698814.0 | 2022-02-01 00:00:00 UTC | Dominion Energy Inc Shares Close in on 52-Week High - Market Mover | D | https://www.nasdaq.com/articles/dominion-energy-inc-shares-close-in-on-52-week-high-market-mover-2 | nan | nan | Dominion Energy Inc (D) shares closed today at 1.3% below its 52 week high of $81.06, giving the company a market cap of $65B. The stock is currently up 2.7% year-to-date, up 14.5% over the past 12 months, and up 28.7% over the past five years. This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 2.3%.
Trading Activity
Trading volume this week was 69.4% higher 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 above its Bollinger band, indicating it may be overbought.
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 112.0%
The company's stock price performance over the past 12 months lags the peer average by -46.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% 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. | Dominion Energy Inc (D) shares closed today at 1.3% below its 52 week high of $81.06, giving the company a market cap of $65B. 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 112.0% The company's stock price performance over the past 12 months lags the peer average by -46.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% higher than the average peer. | This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 2.3%. Trading Activity Trading volume this week was 69.4% higher than the 20-day average. 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 112.0% The company's stock price performance over the past 12 months lags the peer average by -46.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% higher than the average peer. | 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 112.0% The company's stock price performance over the past 12 months lags the peer average by -46.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% 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. | This week, the Dow Jones Industrial Average rose 2.1%, and the S&P 500 rose 2.3%. 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 112.0% The company's stock price performance over the past 12 months lags the peer average by -46.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% higher than the average peer. |
698815.0 | 2022-02-01 00:00:00 UTC | What Awaits Brookfield Renewable (BEP) This Earnings Season? | D | https://www.nasdaq.com/articles/what-awaits-brookfield-renewable-bep-this-earnings-season | nan | nan | Brookfield Renewable Partners L.P. BEP is set to release fourth-quarter 2021 results on Feb 4, before the opening bell. In the last reported quarter, the firm delivered a negative earnings surprise of 425%.
Let’s discuss the factors likely to get reflected in the upcoming quarterly results.
Factors to Note
Brookfield Renewable’s fourth-quarter earnings are likely to have benefited from contribution from acquired assets and organic growth projects. The firm is expected to have benefited from stable contribution from the wind and solar business, which continues to generate stable revenues from long-term power purchase agreements.
Expectations
The Zacks Consensus Estimate for fourth-quarter loss is pegged at 5 cents per unit, indicating an improvement from the prior-year reported loss of 22 cents.
Earnings Whispers
Our proven model predicts an earnings beat for Brookfield Renewable Partners 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. That is the case here as you see below.
Brookfield Renewable Partners L.P. Price and EPS Surprise
Brookfield Renewable Partners L.P. price-eps-surprise | Brookfield Renewable Partners L.P. Quote
Earnings ESP: BEP’s Earnings ESP is +984.62%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Brookfield Renewable carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Here are some other stocks from the same industry having the right combination of elements to post an earnings beat for the to-be-reported quarter.
WEC Energy Group WEC is set to release fourth-quarter 2021 results on Feb 3. WEC has an Earnings ESP of +0.30% and a Zacks Rank #2.
The long-term earnings growth of WEC Energy is projected at 6.3%. The Zacks Consensus Estimate for 2022 earnings of WEC Energy suggests year-over-year growth of 5.3%.
Dominion Energy D is set to release fourth-quarter 2021 results on Feb 11. D has an Earnings ESP of +0.09% and a Zacks Rank #3.
The long-term earnings growth of Dominion Energy is projected at 6.6%. The Zacks Consensus Estimate for 2022 earnings of Dominion Energy suggests year-over-year growth of 6.8%.
Southern Company SO is set to release fourth-quarter 2021 results on Feb 17. SO has an Earnings ESP of +0.23% and a Zacks Rank #3.
The long-term earnings growth of Southern Company is projected at 4.9%. The Zacks Consensus Estimate for 2022 earnings of Southern Company implies year-over-year growth of 4.5%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Southern Company The (SO): Free Stock Analysis Report
WEC Energy Group, Inc. (WEC): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
Brookfield Renewable Partners L.P. (BEP): 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. | Brookfield Renewable Partners L.P. BEP is set to release fourth-quarter 2021 results on Feb 4, before the opening bell. Factors to Note Brookfield Renewable’s fourth-quarter earnings are likely to have benefited from contribution from acquired assets and organic growth projects. In the last reported quarter, the firm delivered a negative earnings surprise of 425%. | Brookfield Renewable Partners L.P. Price and EPS Surprise Brookfield Renewable Partners L.P. price-eps-surprise | Brookfield Renewable Partners L.P. Quote Earnings ESP: BEP’s Earnings ESP is +984.62%. Brookfield Renewable Partners L.P. (BEP): Free Stock Analysis Report Brookfield Renewable Partners L.P. BEP is set to release fourth-quarter 2021 results on Feb 4, before the opening bell. | 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. Brookfield Renewable Partners L.P. Price and EPS Surprise Brookfield Renewable Partners L.P. price-eps-surprise | Brookfield Renewable Partners L.P. Quote Earnings ESP: BEP’s Earnings ESP is +984.62%. Brookfield Renewable Partners L.P. BEP is set to release fourth-quarter 2021 results on Feb 4, before the opening bell. | Factors to Note Brookfield Renewable’s fourth-quarter earnings are likely to have benefited from contribution from acquired assets and organic growth projects. WEC has an Earnings ESP of +0.30% and a Zacks Rank #2. D has an Earnings ESP of +0.09% and a Zacks Rank #3. |
698816.0 | 2022-01-31 00:00:00 UTC | Daily Dividend Report: ETR,WTRG,CINF,D,GATX | D | https://www.nasdaq.com/articles/daily-dividend-report%3A-etrwtrgcinfdgatx | nan | nan | The Entergy board of directors has declared a quarterly dividend payment of $1.01 per share on the company's common stock. The dividend is payable March 1, 2022, to shareholders of record as of Feb. 11, 2022. Entergy has paid a common stock dividend to shareholders continuously since 1988.
The board of directors of Essential Utilities today declared a quarterly cash dividend of $0.2682 per share, payable March 1, 2022 to all shareholders of record on Feb. 11, 2022. Essential Utilities has paid consecutive quarterly cash dividends for 77 years and has increased the dividend 31 times in the last 30 years.
Cincinnati Financial announced that at today's regular meeting, the board of directors declared a 69-cents-per-share regular quarterly cash dividend, increasing by 10% from the previous 63-cents-per-share dividend paid on January 14, 2022. The dividend is payable April 15, 2022, to shareholders of record as of March 18, 2022.
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 March 20, 2022, to shareholders of record at the close of business March 4, 2022. This is the 376th consecutive dividend that Dominion Energy or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared Nov. 3, 2021.
The board of directors of GATX today declared a quarterly dividend of $0.52 per common share, payable Mar. 31, 2022, to shareholders of record on Feb. 25, 2022. GATX has paid quarterly dividends without interruption since 1919, and the dividend amount announced today represents a 4.0% increase from the prior year's dividend.
VIDEO: Daily Dividend Report: ETR,WTRG,CINF,D,GATX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Entergy board of directors has declared a quarterly dividend payment of $1.01 per share on the company's common stock. The board of directors of Essential Utilities today declared a quarterly cash dividend of $0.2682 per share, payable March 1, 2022 to all shareholders of record on Feb. 11, 2022. The board of directors of Dominion Energy has declared a quarterly dividend of 66.75 cents per share of common stock. | The board of directors of Essential Utilities today declared a quarterly cash dividend of $0.2682 per share, payable March 1, 2022 to all shareholders of record on Feb. 11, 2022. Essential Utilities has paid consecutive quarterly cash dividends for 77 years and has increased the dividend 31 times in the last 30 years. Cincinnati Financial announced that at today's regular meeting, the board of directors declared a 69-cents-per-share regular quarterly cash dividend, increasing by 10% from the previous 63-cents-per-share dividend paid on January 14, 2022. | The board of directors of Essential Utilities today declared a quarterly cash dividend of $0.2682 per share, payable March 1, 2022 to all shareholders of record on Feb. 11, 2022. Cincinnati Financial announced that at today's regular meeting, the board of directors declared a 69-cents-per-share regular quarterly cash dividend, increasing by 10% from the previous 63-cents-per-share dividend paid on January 14, 2022. GATX has paid quarterly dividends without interruption since 1919, and the dividend amount announced today represents a 4.0% increase from the prior year's dividend. | The Entergy board of directors has declared a quarterly dividend payment of $1.01 per share on the company's common stock. The board of directors of Essential Utilities today declared a quarterly cash dividend of $0.2682 per share, payable March 1, 2022 to all shareholders of record on Feb. 11, 2022. The board of directors of GATX today declared a quarterly dividend of $0.52 per common share, payable Mar. |
698817.0 | 2022-01-31 00:00:00 UTC | PNM Resources (PNM) to Report Q4 Earnings: What's in Store? | D | https://www.nasdaq.com/articles/pnm-resources-pnm-to-report-q4-earnings%3A-whats-in-store | nan | nan | PNM Resources Inc. PNM is scheduled to release fourth-quarter 2021 earnings on Feb 3, before the market opens.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Higher transmission margins and demand from customers added in the first nine months of 2021 are expected to have boosted the performance in the fourth quarter. The ongoing recovery in economic conditions in PNM Resources’ service territories and an increase in commercial activities are likely to have supported fourth-quarter results.
PNM Resources’ fourth-quarter earnings are likely to be diluted due to additional outstanding shares.
Expectation
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 15 cents per share, which is on par with the year-ago reported figure.
What the Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for PNM 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.
PNM Resources, Inc. Price and EPS Surprise
PNM Resources, Inc. price-eps-surprise | PNM Resources, Inc. Quote
Earnings ESP: PNM 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, PNM Resources 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.
Brookfield Renewable Partners LP BEP is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 4 before the market opens. Brookfield Renewable Partners LP has an Earnings ESP of +984.62% and a Zacks Rank of #3 at present. The Zacks Consensus Estimate for BEP’s 2022 earnings per share (EPS) has surged 114.74% year over year.
Dominion Energy Inc. D is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 11 before the market opens. Dominion Energy Inc. has an Earnings ESP of +0.09% and a Zacks Rank of #3 at present. The Zacks Consensus Estimate for D’s 2022 EPS has risen 6.8% year over year.
The Southern Company SO is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 17 before the market opens. The Southern Company has an Earnings ESP of +0.23% and a Zacks Rank of #3 at present. The Zacks Consensus Estimate for SO’s 2022 EPS has risen 4.53% year over year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Southern Company The (SO): Free Stock Analysis Report
Dominion Energy Inc. (D): Free Stock Analysis Report
PNM Resources, Inc. (PNM): Free Stock Analysis Report
Brookfield Renewable Partners L.P. (BEP): 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. | Factors to Note Higher transmission margins and demand from customers added in the first nine months of 2021 are expected to have boosted the performance in the fourth quarter. The ongoing recovery in economic conditions in PNM Resources’ service territories and an increase in commercial activities are likely to have supported fourth-quarter results. Brookfield Renewable Partners LP BEP is likely to come up with an earnings beat when it reports fourth-quarter results on Feb 4 before the market opens. | PNM Resources, Inc. Price and EPS Surprise PNM Resources, Inc. price-eps-surprise | PNM Resources, Inc. Quote Earnings ESP: PNM 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. Brookfield Renewable Partners L.P. (BEP): Free Stock Analysis Report PNM Resources Inc. PNM is scheduled to release fourth-quarter 2021 earnings on Feb 3, before the market opens. | 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. PNM Resources, Inc. Price and EPS Surprise PNM Resources, Inc. price-eps-surprise | PNM Resources, Inc. Quote Earnings ESP: PNM 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. PNM Resources Inc. PNM is scheduled to release fourth-quarter 2021 earnings on Feb 3, before the market opens. | As one investor put it, “curing and preventing hundreds of diseases…what should that market be worth?” 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. Want the latest recommendations from Zacks Investment Research? PNM Resources Inc. PNM is scheduled to release fourth-quarter 2021 earnings on Feb 3, before the market opens. |
698818.0 | 2022-01-28 00:00:00 UTC | Dominion Energy Inc Shares Close in on 52-Week High - Market Mover | D | https://www.nasdaq.com/articles/dominion-energy-inc-shares-close-in-on-52-week-high-market-mover-0 | nan | nan | Dominion Energy Inc (D) shares closed today at 1.6% below its 52 week high of $80.72, giving the company a market cap of $63B. The stock is currently down 0.4% year-to-date, up 10.8% over the past 12 months, and up 26.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%.
Trading Activity
Trading volume this week was 2.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.3.
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 above its Bollinger band, indicating it may be overbought.
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 -60.0%
The company's stock price performance over the past 12 months lags the peer average by -57.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% 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. | Dominion Energy Inc (D) shares closed today at 1.6% below its 52 week high of $80.72, giving the company a market cap of $63B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.3. 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 -60.0% The company's stock price performance over the past 12 months lags the peer average by -57.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% higher than the average peer. | This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. Trading Activity Trading volume this week was 2.5% higher than the 20-day average. 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 -60.0% The company's stock price performance over the past 12 months lags the peer average by -57.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% higher than the average peer. | 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 -60.0% The company's stock price performance over the past 12 months lags the peer average by -57.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% 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. | This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 3.5%. 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 -60.0% The company's stock price performance over the past 12 months lags the peer average by -57.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% higher than the average peer. |
698819.0 | 2022-01-27 00:00:00 UTC | Xcel Energy (XEL) Q4 Earnings Meet Estimates, Sales Beat | D | https://www.nasdaq.com/articles/xcel-energy-xel-q4-earnings-meet-estimates-sales-beat | nan | nan | Xcel Energy Inc. XEL posted fourth-quarter 2021 operating earnings of 58 cents per share, which is on par with the Zacks Consensus Estimate. The bottom line also rose 7.4% from the year-ago earnings of 54 cents.
Xcel Energy’s 2021 earnings per share (EPS) were $2.96, up 6% from $2.76 in 2020. The successful execution of XEL’s 2021 initiatives resulted in a strong performance.
Total Revenues
Xcel Energy’s fourth-quarter revenues of $3,355 million beat the Zacks Consensus Estimate of $3,136 million by 7%. The same improved 14% from the prior-year quarter’s $2,947 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 rose 8% to $2,562 million from $2,372 million in the year-ago quarter.
Natural Gas: Revenues improved 38.6% from the year-ago quarter’s $554 million to $768 million.
Other: Revenues in the segment increased 19% to $25 million from the year-ago quarter’s $21 million.
Highlights of the Release
Total operating expenses increased 16% year over year to $2,922 million, primarily due to higher electric fuel and purchased power and the cost of natural gas sold and transported.
Operating income in the reported quarter improved 1.6% from the prior-year quarter’s reading to $433 million.
Total interest charges and financing costs in the reported quarter fell 1.47% from the prior-year figure to $206 million.
In 2021, Electric and Natural Gas customers increased 1.2% and 1.1%, respectively, year over year.
Growth Prospects
Xcel Energy anticipates 2022 EPS in the range of $3.10-$3.20, in sync with its long-term growth objective of 5-7%. XEL expects to invest $26 billion during the 2022-2026 period.
Zacks Rank
Xcel Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
PNM Resources PNM is set to release fourth-quarter 2021 results on Feb 3. The Zacks Consensus Estimate for EPS is pegged at 15 cents.
PNM Resource’s long-term (three to five years) earnings growth is projected at 5.2%. The Zacks Consensus Estimate for PNM’s 2022 EPS indicates year-over-year growth of 5.86%.
Duke Energy DUK is set to release fourth-quarter 2021 results on Feb 10. The Zacks Consensus Estimate for EPS is pegged at 95 cents.
Duke Energy’s long-term earnings growth is projected at 5.3%. The Zacks Consensus Estimate for DUK’s 2022 EPS indicates year-over-year growth of 4.59%.
Dominion Energy D is scheduled to announce fourth-quarter 2021 results on Feb 11. The Zacks Consensus Estimate for earnings is pegged at 90 cents per share.
Dominion’s long-termearnings growth is projected at 6.6%. The Zacks Consensus Estimate for D’s 2022 EPS suggests year-over-year growth of 7%.
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Xcel Energy Inc. (XEL): Free Stock Analysis 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
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. | Xcel Energy Inc. XEL posted fourth-quarter 2021 operating earnings of 58 cents per share, which is on par with the Zacks Consensus Estimate. Highlights of the Release Total operating expenses increased 16% year over year to $2,922 million, primarily due to higher electric fuel and purchased power and the cost of natural gas sold and transported. Total interest charges and financing costs in the reported quarter fell 1.47% from the prior-year figure to $206 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 rose 8% to $2,562 million from $2,372 million in the year-ago quarter. Xcel Energy Inc. XEL posted fourth-quarter 2021 operating earnings of 58 cents per share, which is on par with the Zacks Consensus Estimate. The successful execution of XEL’s 2021 initiatives resulted in a strong performance. | Xcel Energy Inc. XEL posted fourth-quarter 2021 operating earnings of 58 cents per share, which is on par with the Zacks Consensus Estimate. Xcel Energy Inc. Price, Consensus and EPS Surprise Xcel Energy Inc. price-consensus-eps-surprise-chart | Xcel Energy Inc. Quote Segmental Results Electric: Revenues rose 8% to $2,562 million from $2,372 million in the year-ago quarter. The successful execution of XEL’s 2021 initiatives resulted in a strong performance. | Xcel Energy Inc. XEL posted fourth-quarter 2021 operating earnings of 58 cents per share, which is on par with the Zacks Consensus Estimate. The successful execution of XEL’s 2021 initiatives resulted in a strong performance. The same improved 14% from the prior-year quarter’s $2,947 million. |
698820.0 | 2022-01-27 00:00:00 UTC | Insiders Buy the Holdings of FXU ETF | D | https://www.nasdaq.com/articles/insiders-buy-the-holdings-of-fxu-etf-0 | nan | nan | A look at the weighted underlying holdings of the First Trust Utilities AlphaDEX Fund (FXU) shows an impressive 16.8% of holdings on a weighted basis have experienced insider buying within the past six months.
PG&E Corp (Symbol: PCG), which makes up 3.56% of the First Trust Utilities AlphaDEX Fund (FXU), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $6,733,416 worth of PCG, making it the #9 largest holding. The table below details the recent insider buying activity observed at PCG:
PCG — last trade: $12.30 — Recent Insider Buys:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
09/01/2021 Robert C. Flexon Director 10,000 $9.28 $92,800
11/05/2021 Arno Lockheart Harris Director 8,475 $11.81 $100,089
And Dominion Energy Inc (Symbol: D), the #27 largest holding among components of the First Trust Utilities AlphaDEX Fund (FXU), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $3,258,784 worth of D, which represents approximately 1.72% of the ETF's total assets at last check. The recent insider buying activity observed at D is detailed in the table below:
D — last trade: $77.46 — 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
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. | A look at the weighted underlying holdings of the First Trust Utilities AlphaDEX Fund (FXU) shows an impressive 16.8% of holdings on a weighted basis have experienced insider buying within the past six months. PG&E Corp (Symbol: PCG), which makes up 3.56% of the First Trust Utilities AlphaDEX Fund (FXU), has seen 2 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 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. | The table below details the recent insider buying activity observed at PCG: PCG — last trade: $12.30 — Recent Insider Buys: 09/01/2021 Robert C. Flexon Director 10,000 $9.28 $92,800 11/05/2021 Arno Lockheart Harris Director 8,475 $11.81 $100,089 And Dominion Energy Inc (Symbol: D), the #27 largest holding among components of the First Trust Utilities AlphaDEX Fund (FXU), shows 3 directors and officers as recently filing Form 4's indicating purchases. 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 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. | The table below details the recent insider buying activity observed at PCG: PCG — last trade: $12.30 — Recent Insider Buys: 09/01/2021 Robert C. Flexon Director 10,000 $9.28 $92,800 11/05/2021 Arno Lockheart Harris Director 8,475 $11.81 $100,089 And Dominion Energy Inc (Symbol: D), the #27 largest holding among components of the First Trust Utilities AlphaDEX Fund (FXU), shows 3 directors and officers as recently filing Form 4's indicating purchases. 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 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. | PG&E Corp (Symbol: PCG), which makes up 3.56% of the First Trust Utilities AlphaDEX Fund (FXU), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $6,733,416 worth of PCG, making it the #9 largest holding. The table below details the recent insider buying activity observed at PCG: PCG — last trade: $12.30 — Recent Insider Buys: |
698821.0 | 2022-01-26 00:00:00 UTC | ONE Gas (OGS) to Gain From Regulated Earnings & Investments | D | https://www.nasdaq.com/articles/one-gas-ogs-to-gain-from-regulated-earnings-investments | nan | nan | ONE Gas Inc. OGS has been gaining from regulated earnings and increased demand from residential customers. New rates and systematic capital expenditure will continue to drive the performance.
ONE Gas has delivered an average earnings surprise of 2.39% in the last four quarters. OGS’ long-term (three to five years) earnings growth is currently pegged at 5%. ONE Gas’current dividend yield of 3% is better than the Zacks S&P 500 Composite’s yield of 1.38%.
Tailwinds
In the 2021-2025 period, ONE Gas aims at investing $3 billion for strengthening operations. Nearly 65-70% of the planned capital expenditure will be directed toward the systems’ integrity and replacement projects. The company aims at replacing 900 miles of vintage pipelines over the 2021-2025 period. OGS has identified 4,280 miles of pipelines to be replaced post 2026 and beyond.
ONE Gas has been gaining from a steady increase in the customer base every year since 2015. In the first nine months of 2021, the customer volume improved nearly 1% from the year-ago comparable period. The majority of the total customer base comprises residential customers. This, in a way, provides stability to ONE Gas’ earnings as the loss of any customer will not substantially affect its top line.
New rates approval in Oklahoma, Kansas and Texas from the commission in the second half of 2021 will boost annual revenues of the company and enable it to continue with infrastructure strengthening initiatives.
Headwinds
ONE Gas operates in a highly competitive space and has to ensure high-quality services, which involves additional expenses. Any upward movement in the price of natural gas or a fall in the price of electricity or other energy products will make natural gas less attractive to customers and hence reduce its demand, hurting the prospects of ONE Gas. Even the implementation of strict regulations from federal, state and local governmental authorities can result in significant fines or penalties and adversely affect OGS’ operations or financial results.
Systematic Investments in Infrastructure
Utilities continue to make systematic investments in their infrastructure to provide better services to their customers. These investments were directed to change old pipelines, create new storage facilities and focus on renewable assets to generate clean energy. Apart from ONE Gas, utilities like Dominion Energy Inc. D, Atmos Energy Corp ATO and American Water Works Company AWK among others are also making regular investments in their infrastructure.
Dominion Energy plans to invest $32 billion in the 2021-2025 period to strengthen the existing infrastructure. Over the next 15 years, Dominion Energy aims at investing $72 billion for strengthening the infrastructure and adding more clean power generation assets to the portfolio.
Atmos Energy is planning to invest in the range of $13-$14 billion from fiscal 2022 through 2026, out of which more than 80% will be allocated to enhance the safety of the existing operations. The planned investment will result in 6-8% annual earnings growth over the same time frame.
American Water Works has plans to invest $13-$14 billion in the 2022-2026 period and $28-$32 billion in the 2022-2031 period. In 2022, American Water Works is planning to make capital investments of nearly $2.5 billion, with a major portion to be utilized for infrastructure improvements in Regulated businesses.
The long-term (three to five years) earnings growth of D, ATO and AWK is 6.59%, 7.27% and 8.08%, respectively.
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Dominion Energy Inc. (D): Free Stock Analysis Report
Atmos Energy Corporation (ATO): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | New rates approval in Oklahoma, Kansas and Texas from the commission in the second half of 2021 will boost annual revenues of the company and enable it to continue with infrastructure strengthening initiatives. Over the next 15 years, Dominion Energy aims at investing $72 billion for strengthening the infrastructure and adding more clean power generation assets to the portfolio. In 2022, American Water Works is planning to make capital investments of nearly $2.5 billion, with a major portion to be utilized for infrastructure improvements in Regulated businesses. | Apart from ONE Gas, utilities like Dominion Energy Inc. D, Atmos Energy Corp ATO and American Water Works Company AWK among others are also making regular investments in their infrastructure. In 2022, American Water Works is planning to make capital investments of nearly $2.5 billion, with a major portion to be utilized for infrastructure improvements in Regulated businesses. ONE Gas Inc. OGS has been gaining from regulated earnings and increased demand from residential customers. | Any upward movement in the price of natural gas or a fall in the price of electricity or other energy products will make natural gas less attractive to customers and hence reduce its demand, hurting the prospects of ONE Gas. Systematic Investments in Infrastructure Utilities continue to make systematic investments in their infrastructure to provide better services to their customers. Apart from ONE Gas, utilities like Dominion Energy Inc. D, Atmos Energy Corp ATO and American Water Works Company AWK among others are also making regular investments in their infrastructure. | ONE Gas Inc. OGS has been gaining from regulated earnings and increased demand from residential customers. Apart from ONE Gas, utilities like Dominion Energy Inc. D, Atmos Energy Corp ATO and American Water Works Company AWK among others are also making regular investments in their infrastructure. Dominion Energy plans to invest $32 billion in the 2021-2025 period to strengthen the existing infrastructure. |
698822.0 | 2022-01-25 00:00:00 UTC | U.S. court vacates federal permit for WV-VA Mountain Valley natgas pipe | D | https://www.nasdaq.com/articles/u.s.-court-vacates-federal-permit-for-wv-va-mountain-valley-natgas-pipe | nan | nan | Jan 25 (Reuters) - The U.S. Court of Appeals for the 4th Circuit on Tuesday invalidated federal approvals for Equitrans Midstream Corp's ETRN.N $6.2 billion Mountain Valley natural gas pipeline under construction from West Virginia to Virginia.
The court decision was the latest setback for the pipeline, which was already years behind schedule and billions over budget.
Specifically, the court vacated the record of decisions of the U.S. Forest Service and the Bureau of Land Management allowing the pipe to cross about 3.5-miles (5.6-kilometers) through the Jefferson National Forest, and sent the case back to the agencies.
In an email, Equitrans said "We are thoroughly reviewing the Court’s decision regarding (Mountain Valley's) crossing permit for the Jefferson National Forest and will be expeditiously evaluating the project’s next steps and timing considerations."
In the past, Equitrans has said it expected the project to enter service during the summer of 2022.
Mountain Valley is one of several U.S. pipelines delayed by regulatory and legal fights with environmental and local groups that found problems with federal permits issued during President Donald Trump's administration.
When Mountain Valley construction started in February 2018, Equitrans estimated the 303-mile (488-km), 2.0-billion-cubic-feet-per-day (bcfd) project would cost about $3.5 billion and enter service by late 2018.
"Today’s decision makes it highly unlikely that this dirty, dangerous, and unnecessary fracked gas pipeline will ever be completed," said Kelly Sheehan, senior director of energy campaigns at the Sierra Club, which along with other environmental groups filed the latest lawsuit.
Equitrans, which has a roughly 47.8% ownership interest in Mountain Valley and will operate the pipe, said it has funded about $2.4 billion of the project as of Sept. 30.
The Mountain Valley venture is owned by units of Equitrans, NextEra Energy Inc NEE.N, Consolidated Edison Inc ED.N, AltaGas Ltd ALA.TO and RGC Resources Inc RGCO.O.
RGC sees Mountain Valley gas pipeline completion by end 2021 -CEO
MVP Southgate natgas pipe startup seen in 2021 despite N.Carolina permit denial
UPDATE 1-Panel favors Equitrans in EQT PA-WV Hammerhead natgas pipe dispute
FACTBOX-U.S. new natural gas pipeline projects
EXPLAINER-U.S. Appalachian gas pipeline projects go by the wayside
UPDATE 2-Mountain Valley natgas pipeline start delayed to summer 2022
Equitrans sees Mountain Valley natgas pipeline entering service next summer
(Reporting by Scott DiSavino Editing by Paul Simao and Aurora Ellis)
((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | In an email, Equitrans said "We are thoroughly reviewing the Court’s decision regarding (Mountain Valley's) crossing permit for the Jefferson National Forest and will be expeditiously evaluating the project’s next steps and timing considerations." Mountain Valley is one of several U.S. pipelines delayed by regulatory and legal fights with environmental and local groups that found problems with federal permits issued during President Donald Trump's administration. "Today’s decision makes it highly unlikely that this dirty, dangerous, and unnecessary fracked gas pipeline will ever be completed," said Kelly Sheehan, senior director of energy campaigns at the Sierra Club, which along with other environmental groups filed the latest lawsuit. | Jan 25 (Reuters) - The U.S. Court of Appeals for the 4th Circuit on Tuesday invalidated federal approvals for Equitrans Midstream Corp's ETRN.N $6.2 billion Mountain Valley natural gas pipeline under construction from West Virginia to Virginia. In an email, Equitrans said "We are thoroughly reviewing the Court’s decision regarding (Mountain Valley's) crossing permit for the Jefferson National Forest and will be expeditiously evaluating the project’s next steps and timing considerations." RGC sees Mountain Valley gas pipeline completion by end 2021 -CEO MVP Southgate natgas pipe startup seen in 2021 despite N.Carolina permit denial UPDATE 1-Panel favors Equitrans in EQT PA-WV Hammerhead natgas pipe dispute FACTBOX-U.S. new natural gas pipeline projects EXPLAINER-U.S. Appalachian gas pipeline projects go by the wayside UPDATE 2-Mountain Valley natgas pipeline start delayed to summer 2022 Equitrans sees Mountain Valley natgas pipeline entering service next summer (Reporting by Scott DiSavino Editing by Paul Simao and Aurora Ellis) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | Jan 25 (Reuters) - The U.S. Court of Appeals for the 4th Circuit on Tuesday invalidated federal approvals for Equitrans Midstream Corp's ETRN.N $6.2 billion Mountain Valley natural gas pipeline under construction from West Virginia to Virginia. In an email, Equitrans said "We are thoroughly reviewing the Court’s decision regarding (Mountain Valley's) crossing permit for the Jefferson National Forest and will be expeditiously evaluating the project’s next steps and timing considerations." RGC sees Mountain Valley gas pipeline completion by end 2021 -CEO MVP Southgate natgas pipe startup seen in 2021 despite N.Carolina permit denial UPDATE 1-Panel favors Equitrans in EQT PA-WV Hammerhead natgas pipe dispute FACTBOX-U.S. new natural gas pipeline projects EXPLAINER-U.S. Appalachian gas pipeline projects go by the wayside UPDATE 2-Mountain Valley natgas pipeline start delayed to summer 2022 Equitrans sees Mountain Valley natgas pipeline entering service next summer (Reporting by Scott DiSavino Editing by Paul Simao and Aurora Ellis) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | Jan 25 (Reuters) - The U.S. Court of Appeals for the 4th Circuit on Tuesday invalidated federal approvals for Equitrans Midstream Corp's ETRN.N $6.2 billion Mountain Valley natural gas pipeline under construction from West Virginia to Virginia. The court decision was the latest setback for the pipeline, which was already years behind schedule and billions over budget. In the past, Equitrans has said it expected the project to enter service during the summer of 2022. |
698823.0 | 2022-01-25 00:00:00 UTC | Dominion Energy (D) to Gain From Investment, Customer Addition | D | https://www.nasdaq.com/articles/dominion-energy-d-to-gain-from-investment-customer-addition | nan | nan | Dominion Energy Inc. D has been gaining from steady capital investment, acquisitions, customer additions and organic initiatives. Due to these strategic moves, Dominion is likely to be a consistent performer over the long run.
Dominion Energy currently has a Zacks Rank #3 (Hold) and has delivered an average earnings surprise of 2.39% in the last four quarters. D’s long-term (three to five years) earnings growth is currently pegged at 6.59%. Moreover, Dominion Energy’s current dividend yield of 3.18% is better than the industry average of 3.09%.
Tailwinds
Dominion Energy plans to invest $32 billion in the 2021-2025 period to strengthen the existing infrastructure, of which a major portion will be invested in zero-carbon generation and energy storage. Over the next 15 years, the company aims at investing $72 billion for strengthening infrastructure and adding more clean power generation assets to the portfolio. The sale of gas transmission and storage assets to an affiliate of Berkshire has supported Dominion’s transition to regulated and sustainable operations. Currently, up to 88% of operating earnings are generated from the portfolio of regulated electric and natural gas utility companies.
Dominion Energy’s gas distribution registered strong customer growth in the past three years. The company will install smart meters and grid devices as well as enhance services to customers through the customer information platform. Dominion is also working on a project of strategic undergrounding of 4,000 miles of distribution lines and has completed undergrounding 1,300 miles of outage-prone overhead power distribution lines in Virginia. These initiatives will increase the resilience of D’s operations and enable it to serve the expanding customer base more efficiently. Dominion plans to invest up to $22 billion for the modernization of electric storage and electric grid transformation in the 2020-2035 period.
In May 2021, Dominion Energy acquired 100% ownership interest in Birdseye from BRE Holdings, LLC. Birdseye is primarily engaged in the development of solar energy projects in southeastern states in the United States, where 2.5 gigawatts of solar generation projects are under development. This acquisition will further expand Dominion’s renewable operations by investing a total of $37 billion in offshore wind and solar projects during the 2020-2035 period.
Headwinds
Dominion Energy is highly impacted by third-party dependence on the supply of natural gas. The decision to discontinue the Atlantic Coast Pipeline project is a major setback and would hurt Dominion’s goal of expanding the natural gas infrastructure. Dominion registered a loss of $19 million for the nine months of 2021 from investments in Atlantic Coast pipelines. The risk involved in operating nuclear facilities that will adversely impact earnings is another headwind.
Price Performance
In the past month, shares of Dominion Energy Inc. have rallied 1.4%, outperforming the industry’s 1.5% decline.
Image Source: Zacks Investment Research
Zacks Rank and Key Picks
Few similar-ranked stocks from the same industry are Ameren Corporation AEE, American Electric Power Company AEP and CMS Energy Corporation CMS, each carrying a Zacks Rank of #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for 2022 earnings per share of Ameren Corporation, American Electric Power and CMS Energy suggests year-over-year growth of 4.74%, 4.81% and 2.54%, respectively.
The long-term (three to five years) earnings growth ofAmeren Corporation, American Electric Power and CMS Energy is 7.45%, 5.66% and 6.97%, respectively.
AEE, AEP and CMS delivered an average earnings surprise of 6.65%, 1.61%, and 7.67%, respectively, in the last four quarters.
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Ameren Corporation (AEE): Free Stock Analysis Report
American Electric Power Company, Inc. (AEP): 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The decision to discontinue the Atlantic Coast Pipeline project is a major setback and would hurt Dominion’s goal of expanding the natural gas infrastructure. The Zacks Consensus Estimate for 2022 earnings per share of Ameren Corporation, American Electric Power and CMS Energy suggests year-over-year growth of 4.74%, 4.81% and 2.54%, respectively. 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. | Image Source: Zacks Investment Research Zacks Rank and Key Picks Few similar-ranked stocks from the same industry are Ameren Corporation AEE, American Electric Power Company AEP and CMS Energy Corporation CMS, each carrying a Zacks Rank of #3. Dominion Energy Inc. D has been gaining from steady capital investment, acquisitions, customer additions and organic initiatives. Due to these strategic moves, Dominion is likely to be a consistent performer over the long run. | Tailwinds Dominion Energy plans to invest $32 billion in the 2021-2025 period to strengthen the existing infrastructure, of which a major portion will be invested in zero-carbon generation and energy storage. Image Source: Zacks Investment Research Zacks Rank and Key Picks Few similar-ranked stocks from the same industry are Ameren Corporation AEE, American Electric Power Company AEP and CMS Energy Corporation CMS, each carrying a Zacks Rank of #3. Dominion Energy Inc. (D): Free Stock Analysis Report | Currently, up to 88% of operating earnings are generated from the portfolio of regulated electric and natural gas utility companies. Dominion Energy’s gas distribution registered strong customer growth in the past three years. Download FREE: How to Profit from Trillions on Spending for Infrastructure >> |
698824.0 | 2022-01-21 00:00:00 UTC | Xcel Energy (XEL) to Report Q4 Earnings: What's in Offing? | D | https://www.nasdaq.com/articles/xcel-energy-xel-to-report-q4-earnings%3A-whats-in-offing | nan | nan | Xcel Energy Inc. XEL is scheduled to release fourth-quarter 2021 earnings on Jan 27 before the market opens. The company delivered a negative earnings surprise of 5.04% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
An expanding customer base and approval for a hike in North Dakota electric rates and interim natural gas rate hikes are likely to boost revenues in the fourth quarter.
Fourth-quarter results are likely to have been impacted by an increase in operating expenses.
Expectation
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 56 cents per share, indicating a 3.70% rise from the year-ago reported figure.
The Zacks Consensus Estimate for fourth-quarter sales is pegged at $3.14 billion, suggesting growth of 6.43% from the year-ago reported figure.
What the Quantitative Model Predicts
Our proven model predictsan earnings beat for Xcel Energy Inc. 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 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 Inc. has an Earnings ESP of +0.45%.You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Zacks Rank: Currently, XEL carries a Zacks Rank #2. 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 industry who have the right combination of elements to beat earnings in the upcoming releases.
Brookfield Renewable Partners LP BEP is likely to come up withan earnings beat when it reports fourth-quarter results on Feb 4 before the market opens. Brookfield Renewable Partners LP has an Earnings ESP of +984.62% and a Zacks Rank of #3 at present.The Zacks Consensus Estimate for BEP’s 2022 earnings per share (EPS) has gained 114.74% year over year.
Dominion Energy Inc. D is likely to come up withanearnings beat when it reports fourth-quarter results on Feb 11 before the market opens. Dominion Energy Inc. has an Earnings ESP of +1.44% and a Zacks Rank of #3 at present. The Zacks Consensus Estimate for Dominion Energy Inc.’s 2022 EPS has gained 6.79% year over year.
The Southern Company SO is likely to come up withan earnings beat when it reports fourth-quarter results on Feb 17 before the market opens. The Southern Company has an Earnings ESP of +4.35% and a Zacks Rank of #3 at present. The Zacks Consensus Estimate for SO’s 2022 EPS has gained 4.68% year over year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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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.
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Xcel Energy Inc. (XEL): Free Stock Analysis Report
Southern Company The (SO): Free Stock Analysis Report
Dominion Energy Inc. (D): 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. | Expectation The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 56 cents per share, indicating a 3.70% rise from the year-ago reported figure. Brookfield Renewable Partners LP BEP is likely to come up withan earnings beat when it reports fourth-quarter results on Feb 4 before the market opens. Discover 7 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. | Xcel Energy Inc. Price and EPS Surprise Xcel Energy Inc. price-eps-surprise | Xcel Energy Inc. Quote Earnings ESP: Xcel Energy Inc. has an Earnings ESP of +0.45%.You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter. Brookfield Renewable Partners LP has an Earnings ESP of +984.62% and a Zacks Rank of #3 at present.The Zacks Consensus Estimate for BEP’s 2022 earnings per share (EPS) has gained 114.74% year over year. Brookfield Renewable Partners L.P. (BEP): Free Stock Analysis Report | 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 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 Inc. has an Earnings ESP of +0.45%.You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter. Brookfield Renewable Partners LP has an Earnings ESP of +984.62% and a Zacks Rank of #3 at present.The Zacks Consensus Estimate for BEP’s 2022 earnings per share (EPS) has gained 114.74% year over year. | Brookfield Renewable Partners LP has an Earnings ESP of +984.62% and a Zacks Rank of #3 at present.The Zacks Consensus Estimate for BEP’s 2022 earnings per share (EPS) has gained 114.74% year over year. 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. Download FREE: How to Profit from Trillions on Spending for Infrastructure >> |
698825.0 | 2022-01-20 00:00:00 UTC | NextEra Energy (NEE) to Report Q4 Earnings: What to Expect | D | https://www.nasdaq.com/articles/nextera-energy-nee-to-report-q4-earnings%3A-what-to-expect | nan | nan | NextEra Energy, Inc. NEE is scheduled to release fourth-quarter 2021 results on Jan 25, before the market opens. This utility delivered an earnings surprise of 4.17% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
Despite the new coronavirus variant threat, NextEra Energy’s fourth-quarter performance will likely reflect the benefits from an improvement in Florida’s economic conditions. NEE is likely to have added more customers to the Florida Power and Light unit. This must have positively impacted demand in the fourth quarter. Smart investment in Gulf Power is likely to lower non-operating costs by more than 30%, thereby improving the reliability of operations and margins.
Certain liability management activities undertaken by NextEra Energy might impact fourth-quarter earnings in the range of 6-8 cents.
Expectations
The Zacks Consensus Estimate for fourth-quarter earnings and revenues is pegged at 40 cents per share and $5.48 billion, 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.
Earnings ESP: The company’s Earnings ESP is -1.89%. 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.
NextEra Energy, Inc. Price and EPS Surprise
NextEra Energy, Inc. price-eps-surprise | NextEra Energy, Inc. Quote
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.
Xcel Energy XEL is set to release fourth-quarter 2021 results on Jan 27. XEL has an Earnings ESP of +0.45% and a Zacks Rank #2.
The long-term (three to five years) earnings growth of Xcel Energy is projected at 6.4%. The Zacks Consensus Estimate for 2022 earnings of Xcel Energy indicates year-over-year growth of 6.9%.
Dominion Energy D is set to release fourth-quarter 2021 results on Feb 11. D has an Earnings ESP of +1.44% and a Zacks Rank #3.
The long-term earnings growth of Dominion Energy is projected at 6.6%. The Zacks Consensus Estimate for 2022 earnings of Dominion Energy suggests year-over-year growth of 6.8%.
Southern Company SO is set to release fourth-quarter 2021 results on Feb 17. SO has an Earnings ESP of +4.35% and a Zacks Rank #3.
The long-term earnings growth of Southern Company is projected at 4.9%. The Zacks Consensus Estimate for 2022 earnings of Southern Company implies year-over-year growth of 4.7%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Xcel Energy Inc. (XEL): Free Stock Analysis Report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Southern Company The (SO): 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. | Factors to Note Despite the new coronavirus variant threat, NextEra Energy’s fourth-quarter performance will likely reflect the benefits from an improvement in Florida’s economic conditions. Smart investment in Gulf Power is likely to lower non-operating costs by more than 30%, thereby improving the reliability of operations and margins. Certain liability management activities undertaken by NextEra Energy might impact fourth-quarter earnings in the range of 6-8 cents. | NextEra Energy, Inc. NEE is scheduled to release fourth-quarter 2021 results on Jan 25, before the market opens. This utility delivered an earnings surprise of 4.17% in the last reported quarter. Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results. | NextEra Energy, Inc. Price and EPS Surprise NextEra Energy, Inc. price-eps-surprise | NextEra Energy, Inc. Quote 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. The Zacks Consensus Estimate for 2022 earnings of Xcel Energy indicates year-over-year growth of 6.9%. NextEra Energy, Inc. NEE is scheduled to release fourth-quarter 2021 results on Jan 25, before the market opens. | Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results. Want the latest recommendations from Zacks Investment Research? NextEra Energy, Inc. NEE is scheduled to release fourth-quarter 2021 results on Jan 25, before the market opens. |
698826.0 | 2022-01-19 00:00:00 UTC | Notable ETF Inflow Detected - XLU, DUK, SO, D | D | https://www.nasdaq.com/articles/notable-etf-inflow-detected-xlu-duk-so-d | nan | nan | 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 $754.3 million dollar inflow -- that's a 6.2% increase week over week in outstanding units (from 176,720,000 to 187,720,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is down about 0.3%, Southern Company (Symbol: SO) is down about 0.1%, and Dominion Energy Inc (Symbol: D) is lower by about 0.2%. 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 $68.68. 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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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. | 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 $754.3 million dollar inflow -- that's a 6.2% increase week over week in outstanding units (from 176,720,000 to 187,720,000). 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. | Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is down about 0.3%, Southern Company (Symbol: SO) is down about 0.1%, and Dominion Energy Inc (Symbol: D) is lower by about 0.2%. 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 $68.68. 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''. | 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 $754.3 million dollar inflow -- that's a 6.2% increase week over week in outstanding units (from 176,720,000 to 187,720,000). 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 $68.68. 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. | 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 $754.3 million dollar inflow -- that's a 6.2% increase week over week in outstanding units (from 176,720,000 to 187,720,000). 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 $68.68. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. |
698827.0 | 2022-01-17 00:00:00 UTC | Here's How Investors Can Find Strong Utilities Stocks with the Zacks ESP Screener | D | https://www.nasdaq.com/articles/heres-how-investors-can-find-strong-utilities-stocks-with-the-zacks-esp-screener | nan | nan | Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider Dominion Energy?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Dominion Energy (D) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $0.94 a share 25 days away from its upcoming earnings release on February 11, 2022.
Dominion Energy's Earnings ESP sits at 1.44%, which, as explained above, is calculated by taking the percentage difference between the $0.94 Most Accurate Estimate and the Zacks Consensus Estimate of $0.93. D is also part of a large group of stocks that boast a positive ESP. All of these qualifying stocks can be filtered by ESP, Zacks Rank, % Surprise (Last Qtr.), and Reporting date.
Using the Zacks Earnings ESP to your advantage is just the start. Make sure to check out the Earnings ESP Home Page for even more earnings-related tips and tricks to design a winning investment portfolio.
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Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
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Dominion Energy Inc. (D): Free Stock Analysis Report
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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. | Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa. Make sure to check out the Earnings ESP Home Page for even more earnings-related tips and tricks to design a winning investment portfolio. Discover 7 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. | The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank. | The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. | The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. Dominion Energy (D) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $0.94 a share 25 days away from its upcoming earnings release on February 11, 2022. Download FREE: How to Profit from Trillions on Spending for Infrastructure >> |
698828.0 | 2022-01-14 00:00:00 UTC | Energy Sector Update for 01/14/2022: D, RRC | D | https://www.nasdaq.com/articles/energy-sector-update-for-01-14-2022%3A-d-rrc | nan | nan | Energy stocks were slightly higher in the lead up to Friday's opening bell, with the Energy Select Sector SPDR (XLE) up 0.3%.
The United States Oil Fund (USO) rose 1.7% while the United States Natural Gas Fund (UNG) fell 2%.
West Texas Intermediate crude oil gained $0.37 at $82.49 per barrel at the New York Mercantile Exchange. Global benchmark Brent crude was up $0.61 to $85.08 per barrel and natural gas futures were $0.09 lower at $4.18 per 1 million BTU.
In company news, Dominion Energy (D) dipped 0.3% despite Keybanc raising its price target on the company to $86 from $84.
Range Resources (RRC) was 0.5% higher on pricing an offering of $500 million of senior notes due 2030.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | West Texas Intermediate crude oil gained $0.37 at $82.49 per barrel at the New York Mercantile Exchange. Global benchmark Brent crude was up $0.61 to $85.08 per barrel and natural gas futures were $0.09 lower at $4.18 per 1 million BTU. Range Resources (RRC) was 0.5% higher on pricing an offering of $500 million of senior notes due 2030. | The United States Oil Fund (USO) rose 1.7% while the United States Natural Gas Fund (UNG) fell 2%. West Texas Intermediate crude oil gained $0.37 at $82.49 per barrel at the New York Mercantile Exchange. Global benchmark Brent crude was up $0.61 to $85.08 per barrel and natural gas futures were $0.09 lower at $4.18 per 1 million BTU. | Energy stocks were slightly higher in the lead up to Friday's opening bell, with the Energy Select Sector SPDR (XLE) up 0.3%. The United States Oil Fund (USO) rose 1.7% while the United States Natural Gas Fund (UNG) fell 2%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Energy stocks were slightly higher in the lead up to Friday's opening bell, with the Energy Select Sector SPDR (XLE) up 0.3%. The United States Oil Fund (USO) rose 1.7% while the United States Natural Gas Fund (UNG) fell 2%. West Texas Intermediate crude oil gained $0.37 at $82.49 per barrel at the New York Mercantile Exchange. |
698829.0 | 2022-01-14 00:00:00 UTC | Dominion Energy Inc Shares Near 52-Week High - Market Mover | D | https://www.nasdaq.com/articles/dominion-energy-inc-shares-near-52-week-high-market-mover-1 | nan | nan | Dominion Energy Inc (D) shares closed today at 1.2% below its 52 week high of $80.72, giving the company a market cap of $64B. The stock is currently up 1.0% year-to-date, up 14.8% over the past 12 months, and up 28.3% over the past five years. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 rose 0.6%.
Trading Activity
Trading volume this week was 15.1% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.3.
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 above its Bollinger band, indicating it may be overbought.
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 , lags 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 -244.5%
The company's stock price performance over the past 12 months lags the peer average by -44.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.0% 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. | Dominion Energy Inc (D) shares closed today at 1.2% below its 52 week high of $80.72, giving the company a market cap of $64B. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 rose 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 , lags 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 -244.5% The company's stock price performance over the past 12 months lags the peer average by -44.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.0% higher than the average peer. | Dominion Energy Inc (D) shares closed today at 1.2% below its 52 week high of $80.72, giving the company a market cap of $64B. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 rose 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 , lags 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 -244.5% The company's stock price performance over the past 12 months lags the peer average by -44.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.0% higher than the average peer. | 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 , lags 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 -244.5% The company's stock price performance over the past 12 months lags the peer average by -44.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.0% 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. | This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 rose 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 , lags 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 -244.5% The company's stock price performance over the past 12 months lags the peer average by -44.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.0% higher than the average peer. |
698830.0 | 2022-01-10 00:00:00 UTC | XLU, DUK, SO, D: Large Outflows Detected at ETF | D | https://www.nasdaq.com/articles/xlu-duk-so-d%3A-large-outflows-detected-at-etf | nan | nan | 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 $98.6 million dollar outflow -- that's a 0.8% decrease week over week (from 184,320,000 to 182,920,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is up about 0.5%, Southern Company (Symbol: SO) is up about 0.6%, and Dominion Energy Inc (Symbol: D) is higher by about 0.2%. 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 $70.18. 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. | 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 $98.6 million dollar outflow -- that's a 0.8% decrease week over week (from 184,320,000 to 182,920,000). 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. | 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 $70.18. 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. | 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 $98.6 million dollar outflow -- that's a 0.8% decrease week over week (from 184,320,000 to 182,920,000). 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 $70.18. 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. | 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 $98.6 million dollar outflow -- that's a 0.8% decrease week over week (from 184,320,000 to 182,920,000). 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 $70.18. 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). |
698831.0 | 2022-01-10 00:00:00 UTC | Dominion Energy’s Phase II Plan to Transform Virginia’s Electric Grid Receives Regulatory Approval | D | https://www.nasdaq.com/articles/dominion-energys-phase-ii-plan-to-transform-virginias-electric-grid-receives-regulatory | nan | nan | Power and energy company Dominion Energy, Inc. (NYSE:D) recently announced that the Virginia State Corporation Commission has approved the Phase II of the Grid Transformation Plan of Dominion’s ten-year vision to transform the region’s electric distribution grid.
Following the news, shares of the company rose 1.5% to close at $80.21 on Friday.
Strategic Impact
With the approval of the Phase II of the Grid Transformation Plan, the company will now focus on making investments to facilitate and optimize the integration of distributed energy resources.
Consequently, to ensure the effective integration of these energy resources, the company will continue to deploy smart metering infrastructure and intelligent grid devices that will provide visibility of grid conditions.
The company will also invest in the infrastructure and systems to process, manage and leverage data to ensure optimization of grid operations.
Executive Comments
The Senior-Vice President of Power Delivery at Dominion Energy Virginia, Charlene Whitfield, said, "This is another major step forward in building a clean energy economy in Virginia. This includes the largest offshore wind project in the nation, re-licensure of our nuclear units, energy storage, and solar energy, all of which creates jobs and economic opportunity here in the Commonwealth. Today's decision by the SCC ensures that we can remain agile as a company to deliver the reliable, affordable, and increasingly clean energy that our customers want and expect."
Wall Street's Take
Recently, UBS analyst Daniel Ford upgraded the stock to Buy from Hold and raised the price target from $81 to $98, which implies upside potential of 22.2% from current levels.
The Wall Street community is cautiously optimistic about the stock and has a Moderate Buy consensus rating based on 4 Buys and 3 Holds. The average Dominion Energy price target of $84.38 implies that the stock has upside potential of 5.2% from current levels. Shares have gained about 10.4% over the past year.
Positive Sentiment
TipRanks’ Stock Investors tool shows that investors currently have a Very Positive stance on Dominion Energy with 1.1% of investors on TipRanks increasing their exposure to the stock over the past 30 days.
Download the TipRanks mobile app now.
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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. | Strategic Impact With the approval of the Phase II of the Grid Transformation Plan, the company will now focus on making investments to facilitate and optimize the integration of distributed energy resources. Today's decision by the SCC ensures that we can remain agile as a company to deliver the reliable, affordable, and increasingly clean energy that our customers want and expect." Wall Street's Take Recently, UBS analyst Daniel Ford upgraded the stock to Buy from Hold and raised the price target from $81 to $98, which implies upside potential of 22.2% from current levels. | Wall Street's Take Recently, UBS analyst Daniel Ford upgraded the stock to Buy from Hold and raised the price target from $81 to $98, which implies upside potential of 22.2% from current levels. The average Dominion Energy price target of $84.38 implies that the stock has upside potential of 5.2% from current levels. Positive Sentiment TipRanks’ Stock Investors tool shows that investors currently have a Very Positive stance on Dominion Energy with 1.1% of investors on TipRanks increasing their exposure to the stock over the past 30 days. | Power and energy company Dominion Energy, Inc. (NYSE:D) recently announced that the Virginia State Corporation Commission has approved the Phase II of the Grid Transformation Plan of Dominion’s ten-year vision to transform the region’s electric distribution grid. Consequently, to ensure the effective integration of these energy resources, the company will continue to deploy smart metering infrastructure and intelligent grid devices that will provide visibility of grid conditions. Positive Sentiment TipRanks’ Stock Investors tool shows that investors currently have a Very Positive stance on Dominion Energy with 1.1% of investors on TipRanks increasing their exposure to the stock over the past 30 days. | Power and energy company Dominion Energy, Inc. (NYSE:D) recently announced that the Virginia State Corporation Commission has approved the Phase II of the Grid Transformation Plan of Dominion’s ten-year vision to transform the region’s electric distribution grid. Strategic Impact With the approval of the Phase II of the Grid Transformation Plan, the company will now focus on making investments to facilitate and optimize the integration of distributed energy resources. Wall Street's Take Recently, UBS analyst Daniel Ford upgraded the stock to Buy from Hold and raised the price target from $81 to $98, which implies upside potential of 22.2% from current levels. |
698832.0 | 2022-01-05 00:00:00 UTC | Dominion Energy Inc Shares Close in on 52-Week High - Market Mover | D | https://www.nasdaq.com/articles/dominion-energy-inc-shares-close-in-on-52-week-high-market-mover | nan | nan | Dominion Energy Inc (D) shares closed today at 1.5% below its 52 week high of $79.29, giving the company a market cap of $63B. The stock is currently down 0.3% year-to-date, up 7.8% over the past 12 months, and up 25.1% over the past five years. This week, the Dow Jones Industrial Average rose 0.8%, and the S&P 500 rose 0.1%.
Trading Activity
Trading volume this week was 24.4% 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 above its Bollinger band, indicating it may be overbought.
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 , lags 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 -64.3%
The company's stock price performance over the past 12 months lags the peer average by -62.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% 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. | Dominion Energy Inc (D) shares closed today at 1.5% below its 52 week high of $79.29, giving the company a market cap of $63B. 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 , lags 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 -64.3% The company's stock price performance over the past 12 months lags the peer average by -62.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% higher than the average peer. | Dominion Energy Inc (D) shares closed today at 1.5% below its 52 week high of $79.29, giving the company a market cap of $63B. This week, the Dow Jones Industrial Average rose 0.8%, and the S&P 500 rose 0.1%. 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 , lags 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 -64.3% The company's stock price performance over the past 12 months lags the peer average by -62.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% higher than the average peer. | 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 , lags 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 -64.3% The company's stock price performance over the past 12 months lags the peer average by -62.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% 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. | This week, the Dow Jones Industrial Average rose 0.8%, and the S&P 500 rose 0.1%. 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 , lags 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 -64.3% The company's stock price performance over the past 12 months lags the peer average by -62.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.9% higher than the average peer. |
698833.0 | 2022-01-04 00:00:00 UTC | FACTBOX-Over 330,000 U.S. East Coast customers still without power from snow storm | D | https://www.nasdaq.com/articles/factbox-over-330000-u.s.-east-coast-customers-still-without-power-from-snow-storm | nan | nan | Jan 4 (Reuters) - More than 330,000 homes and businesses were still without power on the U.S. East Coast early Tuesday as utilities restore service after a winter storm battered the region with snow and ice earlier in the week, according to local power companies.
That is down from over 900,000 customers from Georgia to Maryland affected by the storm.
The storm engulfed parts of the U.S. Southeast and mid-Atlantic states on Monday, forcing federal offices and schools to close as it threatened to make travel dangerous.
Dominion Energy Inc D.N restored power to over 100,000 of its customers in Virginia but warned that it could take multiple days to restore service in some of the hardest hit areas, including Charlottesville, Fredericksburg, Northern Virginia and Richmond.
The following table lists major outages by utility:
Power Company
State/Province
Out Now
Customers Served
Dominion
VA, NC
137,100
2,708,700
Rappahannock Electric Co-op
VA
79,400
170,000
Duke - Carolinas
NC, SC
31,900
4,352,400
AEP - Appalachian Power
WV, VA, TN
20,400
1,048,400
Southern Maryland Electric
MD
19,700
170,600
Central Virginia Electric Co-op
VA
19,500
38,300
Sevier County Electric System
TN
15,600
59,000
Southside Electric Co-op
VA
11,300
57,400
Total Out
334,900
UPDATE 2-Winter storm pounds Washington as it moves across U.S. East Coast
(Reporting by Scott DiSavino; Editing by Kevin Liffey)
((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | The storm engulfed parts of the U.S. Southeast and mid-Atlantic states on Monday, forcing federal offices and schools to close as it threatened to make travel dangerous. The following table lists major outages by utility: Power Company State/Province Out Now Customers Served Dominion 11,300 57,400 Total Out 334,900 UPDATE 2-Winter storm pounds Washington as it moves across U.S. East Coast (Reporting by Scott DiSavino; Editing by Kevin Liffey) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | Jan 4 (Reuters) - More than 330,000 homes and businesses were still without power on the U.S. East Coast early Tuesday as utilities restore service after a winter storm battered the region with snow and ice earlier in the week, according to local power companies. The following table lists major outages by utility: Power Company State/Province Out Now Customers Served Dominion That is down from over 900,000 customers from Georgia to Maryland affected by the storm. | Jan 4 (Reuters) - More than 330,000 homes and businesses were still without power on the U.S. East Coast early Tuesday as utilities restore service after a winter storm battered the region with snow and ice earlier in the week, according to local power companies. Dominion Energy Inc D.N restored power to over 100,000 of its customers in Virginia but warned that it could take multiple days to restore service in some of the hardest hit areas, including Charlottesville, Fredericksburg, Northern Virginia and Richmond. 11,300 57,400 Total Out 334,900 UPDATE 2-Winter storm pounds Washington as it moves across U.S. East Coast (Reporting by Scott DiSavino; Editing by Kevin Liffey) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | The storm engulfed parts of the U.S. Southeast and mid-Atlantic states on Monday, forcing federal offices and schools to close as it threatened to make travel dangerous. Dominion Energy Inc D.N restored power to over 100,000 of its customers in Virginia but warned that it could take multiple days to restore service in some of the hardest hit areas, including Charlottesville, Fredericksburg, Northern Virginia and Richmond. 20,400 1,048,400 Southern Maryland Electric |
698834.0 | 2022-01-03 00:00:00 UTC | Dominion Energy Completes Sale of Questar Pipelines | D | https://www.nasdaq.com/articles/dominion-energy-completes-sale-of-questar-pipelines | nan | nan | Power and energy company Dominion Energy, Inc. (NYSE:D) recently announced the conclusion of the sale of Questar Pipelines to Southwest Gas Holdings, Inc. (NYSE:SWX) for about $2 billion, including $430 million of existing debt. The deal was previously announced on October 5, 2021.
Following the news, shares of the company rose marginally to close at $78.56 on Friday.
Strategic Impact
With the proceeds from the concluded sale, Dominion Energy will be looking to decrease its parent-level debt, including retiring the 364-day term loan that was taken in July, which Dominion Energy previously used to repay an approximately $1.3 billion transaction deposit made by Berkshire Hathaway Energy.
Further, the proceeds will be utilized to lend strength to Dominion’s capital plan.
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Analyst Ratings
Recently, Morgan Stanley analyst Stephen Byrd reiterated a Hold rating on the stock. The analyst, however, raised the price target from $78 to $83, which implies upside potential of 5.7% from current levels.
The Wall Street community is cautiously optimistic about the stock and has a Moderate Buy consensus rating based on 4 Buys and 3 Holds. The average Dominion Energy price target of $82.43 implies that the stock has upside potential of 4.9% from current levels. Shares have gained about 6.3% over the past year.
Positive Sentiment
TipRanks’ Stock Investors tool shows that investors currently have a Very Positive stance on D. Further, 2.5% of portfolios tracked by TipRanks increased their exposure to D stock over the past 30 days.
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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. | Power and energy company Dominion Energy, Inc. (NYSE:D) recently announced the conclusion of the sale of Questar Pipelines to Southwest Gas Holdings, Inc. (NYSE:SWX) for about $2 billion, including $430 million of existing debt. The average Dominion Energy price target of $82.43 implies that the stock has upside potential of 4.9% from current levels. Related News: Teva Found Guilty of Fueling New York Opioid Crisis AMD Plans to Close Xilinx’s Acquisition in Q1 2022 – Report American Electric Closes Sale of Racine Hydro Plant; Street Says Buy The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Power and energy company Dominion Energy, Inc. (NYSE:D) recently announced the conclusion of the sale of Questar Pipelines to Southwest Gas Holdings, Inc. (NYSE:SWX) for about $2 billion, including $430 million of existing debt. See Top Smart Score Stocks on TipRanks >> Analyst Ratings Recently, Morgan Stanley analyst Stephen Byrd reiterated a Hold rating on the stock. The average Dominion Energy price target of $82.43 implies that the stock has upside potential of 4.9% from current levels. | Power and energy company Dominion Energy, Inc. (NYSE:D) recently announced the conclusion of the sale of Questar Pipelines to Southwest Gas Holdings, Inc. (NYSE:SWX) for about $2 billion, including $430 million of existing debt. Strategic Impact With the proceeds from the concluded sale, Dominion Energy will be looking to decrease its parent-level debt, including retiring the 364-day term loan that was taken in July, which Dominion Energy previously used to repay an approximately $1.3 billion transaction deposit made by Berkshire Hathaway Energy. Related News: Teva Found Guilty of Fueling New York Opioid Crisis AMD Plans to Close Xilinx’s Acquisition in Q1 2022 – Report American Electric Closes Sale of Racine Hydro Plant; Street Says Buy The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Following the news, shares of the company rose marginally to close at $78.56 on Friday. Strategic Impact With the proceeds from the concluded sale, Dominion Energy will be looking to decrease its parent-level debt, including retiring the 364-day term loan that was taken in July, which Dominion Energy previously used to repay an approximately $1.3 billion transaction deposit made by Berkshire Hathaway Energy. See Top Smart Score Stocks on TipRanks >> Analyst Ratings Recently, Morgan Stanley analyst Stephen Byrd reiterated a Hold rating on the stock. |
698835.0 | 2021-12-31 00:00:00 UTC | Energy Sector Update for 12/31/2021: XEL,LFG,SWN,D,SWX | D | https://www.nasdaq.com/articles/energy-sector-update-for-12-31-2021%3A-xellfgswndswx | nan | nan | Energy stocks were hanging on for narrow gains this afternoon, with the NYSE Energy Sector Index rising less than 0.1% and the SPDR Energy Select Sector ETF (XLE) was up 0.3%. The Philadelphia Oil-Service Sector index, however, was slipping 0.1% while the Dow Jones US Utilities Index was climbing 0.4%.
Front-month West Texas Intermediate crude oil settled $1.78 lower at $75.21 per barrel while the global benchmark Brent crude contract was declining $1.66 to $77.87 per barrel. Henry Hub natural gas futures rose $0.17 to finish the year at $3.73 per 1 million BTU.
In company news, Xcel Energy (XEL) was sinking 0.4% late in Friday trading as the utility company worked to restore electric power for customers in Colorado following high winds and wildfires in the state. According to an update posted on Xcel's corporate website, roughly 15,000 customers still were in the dark this afternoon, representing nearly 20% of the customers who lost power on Thursday.
Southwestern Energy (SWN) slid 2.5% after saying it closed on its $1.85 billion acquisition of GEP Haynesville.
Among gainers, Dominion Energy (D) was set to finish on positive ground, rising 0.4% in late trade, after the utility company completed the sale of Questar Pipelines to Southwest Gas Holdings (SWX), in a deal valued at about $1.98 billion, including the assumption of $430 million of existing debt. Questar Pipelines consists of long-term contracted transportation and underground storage assets in Utah, Wyoming and Colorado, in addition to related services and processing entities. Southwest units were 0.4% lower this afternoon.
Archaea Energy (LFG) climbed 5.5% after saying it has begun commercial production at its Assai renewable natural gas facility in Dunmore, Pennsylvania, with the new plant expected to produce more than 4 trillion BTU of renewable natural gas per year and generating around $40 million of annual earnings before interest, tax, depreciation and amortization.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among gainers, Dominion Energy (D) was set to finish on positive ground, rising 0.4% in late trade, after the utility company completed the sale of Questar Pipelines to Southwest Gas Holdings (SWX), in a deal valued at about $1.98 billion, including the assumption of $430 million of existing debt. Questar Pipelines consists of long-term contracted transportation and underground storage assets in Utah, Wyoming and Colorado, in addition to related services and processing entities. Archaea Energy (LFG) climbed 5.5% after saying it has begun commercial production at its Assai renewable natural gas facility in Dunmore, Pennsylvania, with the new plant expected to produce more than 4 trillion BTU of renewable natural gas per year and generating around $40 million of annual earnings before interest, tax, depreciation and amortization. | In company news, Xcel Energy (XEL) was sinking 0.4% late in Friday trading as the utility company worked to restore electric power for customers in Colorado following high winds and wildfires in the state. Among gainers, Dominion Energy (D) was set to finish on positive ground, rising 0.4% in late trade, after the utility company completed the sale of Questar Pipelines to Southwest Gas Holdings (SWX), in a deal valued at about $1.98 billion, including the assumption of $430 million of existing debt. Archaea Energy (LFG) climbed 5.5% after saying it has begun commercial production at its Assai renewable natural gas facility in Dunmore, Pennsylvania, with the new plant expected to produce more than 4 trillion BTU of renewable natural gas per year and generating around $40 million of annual earnings before interest, tax, depreciation and amortization. | Energy stocks were hanging on for narrow gains this afternoon, with the NYSE Energy Sector Index rising less than 0.1% and the SPDR Energy Select Sector ETF (XLE) was up 0.3%. Among gainers, Dominion Energy (D) was set to finish on positive ground, rising 0.4% in late trade, after the utility company completed the sale of Questar Pipelines to Southwest Gas Holdings (SWX), in a deal valued at about $1.98 billion, including the assumption of $430 million of existing debt. Archaea Energy (LFG) climbed 5.5% after saying it has begun commercial production at its Assai renewable natural gas facility in Dunmore, Pennsylvania, with the new plant expected to produce more than 4 trillion BTU of renewable natural gas per year and generating around $40 million of annual earnings before interest, tax, depreciation and amortization. | Energy stocks were hanging on for narrow gains this afternoon, with the NYSE Energy Sector Index rising less than 0.1% and the SPDR Energy Select Sector ETF (XLE) was up 0.3%. In company news, Xcel Energy (XEL) was sinking 0.4% late in Friday trading as the utility company worked to restore electric power for customers in Colorado following high winds and wildfires in the state. The Philadelphia Oil-Service Sector index, however, was slipping 0.1% while the Dow Jones US Utilities Index was climbing 0.4%. |
698836.0 | 2021-12-31 00:00:00 UTC | Energy Sector Update for 12/31/2021: LFG,SWN,D,SWX | D | https://www.nasdaq.com/articles/energy-sector-update-for-12-31-2021%3A-lfgswndswx | nan | nan | Energy stocks have turned slightly higher again this afternoon, with the NYSE Energy Sector Index rising less than 0.1% while the SPDR Energy Select Sector ETF (XLE) was up 0.2%. The Philadelphia Oil-Service Sector index, however, still was posting a 0.6% decline while the Dow Jones US Utilities Index was climbing 0.1%.
Front-month West Texas Intermediate crude oil was down $1.57 to $75.42 per barrel while the global benchmark Brent crude contract was declining $1.47 to $78.06 per barrel. Henry Hub natural gas futures were $0.11 higher at $3.68 per 1 million BTU.
In company news, Archaea Energy (LFG) climbed 3.6% after saying it has begun commercial production at its Assai renewable natural gas facility in Dunmore, Pennsylvania, with the new plant expected to produce more than 4 trillion BTU of renewable natural gas per year and generating around $40 million of annual earnings before interest, tax, depreciation and amortization.
Dominion Energy (D) was narrowly back on positive ground after the utility company said it completed its sale of Questar Pipelines to Southwest Gas Holdings (SWX), in a deal valued at about $1.98 billion, including the assumption of $430 million of existing debt. Questar Pipelines consists of long-term contracted transportation and underground storage assets in Utah, Wyoming and Colorado, in addition to related services and processing entities. Southwest units were 0.4% lower this afternoon.
Southwestern Energy (SWN) slid 3% after saying it closed on its $1.85 billion acquisition of GEP Haynesville.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In company news, Archaea Energy (LFG) climbed 3.6% after saying it has begun commercial production at its Assai renewable natural gas facility in Dunmore, Pennsylvania, with the new plant expected to produce more than 4 trillion BTU of renewable natural gas per year and generating around $40 million of annual earnings before interest, tax, depreciation and amortization. Dominion Energy (D) was narrowly back on positive ground after the utility company said it completed its sale of Questar Pipelines to Southwest Gas Holdings (SWX), in a deal valued at about $1.98 billion, including the assumption of $430 million of existing debt. Questar Pipelines consists of long-term contracted transportation and underground storage assets in Utah, Wyoming and Colorado, in addition to related services and processing entities. | In company news, Archaea Energy (LFG) climbed 3.6% after saying it has begun commercial production at its Assai renewable natural gas facility in Dunmore, Pennsylvania, with the new plant expected to produce more than 4 trillion BTU of renewable natural gas per year and generating around $40 million of annual earnings before interest, tax, depreciation and amortization. Dominion Energy (D) was narrowly back on positive ground after the utility company said it completed its sale of Questar Pipelines to Southwest Gas Holdings (SWX), in a deal valued at about $1.98 billion, including the assumption of $430 million of existing debt. Energy stocks have turned slightly higher again this afternoon, with the NYSE Energy Sector Index rising less than 0.1% while the SPDR Energy Select Sector ETF (XLE) was up 0.2%. | Energy stocks have turned slightly higher again this afternoon, with the NYSE Energy Sector Index rising less than 0.1% while the SPDR Energy Select Sector ETF (XLE) was up 0.2%. In company news, Archaea Energy (LFG) climbed 3.6% after saying it has begun commercial production at its Assai renewable natural gas facility in Dunmore, Pennsylvania, with the new plant expected to produce more than 4 trillion BTU of renewable natural gas per year and generating around $40 million of annual earnings before interest, tax, depreciation and amortization. Dominion Energy (D) was narrowly back on positive ground after the utility company said it completed its sale of Questar Pipelines to Southwest Gas Holdings (SWX), in a deal valued at about $1.98 billion, including the assumption of $430 million of existing debt. | Energy stocks have turned slightly higher again this afternoon, with the NYSE Energy Sector Index rising less than 0.1% while the SPDR Energy Select Sector ETF (XLE) was up 0.2%. The Philadelphia Oil-Service Sector index, however, still was posting a 0.6% decline while the Dow Jones US Utilities Index was climbing 0.1%. Front-month West Texas Intermediate crude oil was down $1.57 to $75.42 per barrel while the global benchmark Brent crude contract was declining $1.47 to $78.06 per barrel. |
698837.0 | 2021-12-28 00:00:00 UTC | Dominion Energy: Weak Revenue Trend and Worrisome Financials | D | https://www.nasdaq.com/articles/dominion-energy%3A-weak-revenue-trend-and-worrisome-financials | nan | nan | Dominion Energy, Inc. (D) is a power and energy company, which provides electricity and natural gas to homes, businesses, and wholesale customers. It operates through the following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other.
Shares of Dominion Energy have gains of about 3.5% in 2021 (not including dividends). I am bearish on D stock. A declining sales growth is among the top key risk factors to consider now.
Starting with sales growth over the past five-year period, Dominion Energy has not had steady revenue growth. In 2017, 2018, 2019, and 2020, the revenue growth reported was 7.2%, -11%, 28.6% and -1.6% respectively. For the last twelve months ended September 30, 2021, revenue growth was -3.1%.
A positive thing to note for low-volatility investors is that Dominion Energy stock has a 52-week range of $67.85-$81.08 and a low beta of 0.42. In 2021, the stock moved in a tight range, and in the absence of any major catalysts, this range may continue in 2022. For sure, the weak sales growth does not help for what technical analysis traders are waiting for, a potential breakout of the stock.
Issuing new debt with a weak free cash flow trend is another red flag. As of the most recent quarter, Dominion Energy had long-term debt of $34.8 billion on its balance sheet, higher than the figure of $34 billion in 2020.
At the same time, the free cash flow trend for 2016-2021 (trailing 12 months for 2021) has been very weak. In five of these six years, Dominion Energy had a negative free cash flow, and the last time it reported a positive figure of $368 million was in 2018.
Turning to profitability, the net income margin declined from 23.8% in 2017 to -2.8% in 2020 and has since rebounded to 19.3%. Other key ratios, such as ROE and ROA, have declined to reflect a weakness in profitability and financial performance.
The overall financial strength of Dominion Energy is poor not only because of its debt-to-equity ratio of 1.53 but because the company is having liquidity issues with a current ratio and quick ratio of 0.70 and 0.17, respectively.
Dominion Energy has an Altman Z-score of 0.8, placing it in the distress zone. This implies a bankruptcy possibility in the next two years. The firm's debt is not well covered by operating cash flow.
Dividend History: Bad News and Good News
Investors relying on a stable dividend as a source of generating income should know that Dominion Energy's dividend history hasn't been the best. The current stock dividend yield is close to a 10-year low and the dividend was cut last year.
As of March 2020, the dividend yield for Dominion Energy has been declining after reaching a high value of 6.22% compared to the forward dividend and yield of $2.52 and 3.25%, respectively.
On the positive side, the board of directors of Dominion Energy recently approved a dividend hike for 2022. The company announced a dividend of $2.67 per share of common stock, a 6% increase above the 2021 dividend rate of $2.52 per share. Subject to board declaration in January, the first quarterly dividend of 66.75 cents per share will be payable in March 2022.
In Q3 2021, Dominion Energy reported EPS GAAP of $0.79 (a miss by -$0.25) and revenue of $3.18, a miss by -$729.1 million. The company has narrowed its full-year 2021 operating earnings guidance range to $3.80 to $3.90 per share.
Valuation
Dominion Energy stock is relatively overvalued based on its P/E ratio (24.4x) compared to the U.S. integrated utilities industry average (22.7x) and based on its PEG ratio (2.8x).
Wall Street's Take
Turning to Wall Street, Dominion Energy has a Moderate Buy consensus rating, based on four Buys and three Holds assigned in the past three months.
The average Dominion Energy forecast of $82.43 implies 5.9% upside potential.
Disclosure: At the time of publication, Stavros Georgiadis, CFA did not have a position in any of the securities mentioned in this article.
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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. | A positive thing to note for low-volatility investors is that Dominion Energy stock has a 52-week range of $67.85-$81.08 and a low beta of 0.42. In five of these six years, Dominion Energy had a negative free cash flow, and the last time it reported a positive figure of $368 million was in 2018. Other key ratios, such as ROE and ROA, have declined to reflect a weakness in profitability and financial performance. | Issuing new debt with a weak free cash flow trend is another red flag. In five of these six years, Dominion Energy had a negative free cash flow, and the last time it reported a positive figure of $368 million was in 2018. Wall Street's Take Turning to Wall Street, Dominion Energy has a Moderate Buy consensus rating, based on four Buys and three Holds assigned in the past three months. | It operates through the following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. Dividend History: Bad News and Good News Investors relying on a stable dividend as a source of generating income should know that Dominion Energy's dividend history hasn't been the best. As of March 2020, the dividend yield for Dominion Energy has been declining after reaching a high value of 6.22% compared to the forward dividend and yield of $2.52 and 3.25%, respectively. | In 2017, 2018, 2019, and 2020, the revenue growth reported was 7.2%, -11%, 28.6% and -1.6% respectively. In five of these six years, Dominion Energy had a negative free cash flow, and the last time it reported a positive figure of $368 million was in 2018. Other key ratios, such as ROE and ROA, have declined to reflect a weakness in profitability and financial performance. |
698838.0 | 2021-12-22 00:00:00 UTC | Insiders Buy the Holdings of FXU ETF | D | https://www.nasdaq.com/articles/insiders-buy-the-holdings-of-fxu-etf | nan | nan | A look at the weighted underlying holdings of the First Trust Utilities AlphaDEX Fund (FXU) shows an impressive 16.7% of holdings on a weighted basis have experienced insider buying within the past six months.
Dominion Energy Inc (Symbol: D), which makes up 1.65% of the First Trust Utilities AlphaDEX Fund (FXU), 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 $2,995,731 worth of D, making it the #32 largest holding. The table below details the recent insider buying activity observed at D:
D — last trade: $77.14 — 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
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. | A look at the weighted underlying holdings of the First Trust Utilities AlphaDEX Fund (FXU) shows an impressive 16.7% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 1.65% of the First Trust Utilities AlphaDEX Fund (FXU), 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 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. | A look at the weighted underlying holdings of the First Trust Utilities AlphaDEX Fund (FXU) shows an impressive 16.7% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 1.65% of the First Trust Utilities AlphaDEX Fund (FXU), 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 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. | A look at the weighted underlying holdings of the First Trust Utilities AlphaDEX Fund (FXU) shows an impressive 16.7% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 1.65% of the First Trust Utilities AlphaDEX Fund (FXU), 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 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. | A look at the weighted underlying holdings of the First Trust Utilities AlphaDEX Fund (FXU) shows an impressive 16.7% of holdings on a weighted basis have experienced insider buying within the past six months. The table below details the recent insider buying activity observed at D: D — last trade: $77.14 — Recent Insider Buys: 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 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. |
698839.0 | 2021-12-21 00:00:00 UTC | Judge says Icahn firm cannot block Southwest Gas stock sale | D | https://www.nasdaq.com/articles/judge-says-icahn-firm-cannot-block-southwest-gas-stock-sale | nan | nan | By Sierra Jackson
Dec 21 (Reuters) - Billionaire activist investor Carl Icahn's investment firm cannot stop Southwest Gas Holdings Inc's SWX.N board from potentially selling $1 billion worth of shares at a discounted price to fund an acquisition, a Delaware state judge ruled on Tuesday.
Chancellor Kathaleen McCormick of the Delaware Chancery Court denied during a phone hearing Icahn Partners LP’s request to block a considered sale. She said the challenged deal had not happened yet and it was hard to imagine the harm a hypothetical transaction might cause.
Representatives for Icahn Enterprises and Southwest Gas did not immediately respond to requests for comment on the decision.
Icahn’s investment firm had sought to block gas distribution company Southwest Gas’s roughly $1.98 billion acquisition of Dominion Energy Questar Pipeline LLC D.N, which was announced in October.
Icahn's firm owns a roughly 4.8% stake in the company, much of which has been acquired since July, court documents show.
The Questar deal was announced shortly after Icahn penned a letter urging the board to focus on improving its share price instead of pursuing the deal.
Icahn’s investment firm later sued the Southwest Gas directors in November and accused the board of planning to sell the company’s shares at a discounted price to fund the Questar deal, according to the complaint.
Icahn Partners also alleged that the board was using the transaction to thwart the investor’s proxy campaign to replace the company’s 10 directors.
The investor said that the board members could sell the shares to an entity that would likely support their reelection.
(Editing by Sonya Hepinstall)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Sierra Jackson Dec 21 (Reuters) - Billionaire activist investor Carl Icahn's investment firm cannot stop Southwest Gas Holdings Inc's SWX.N board from potentially selling $1 billion worth of shares at a discounted price to fund an acquisition, a Delaware state judge ruled on Tuesday. Chancellor Kathaleen McCormick of the Delaware Chancery Court denied during a phone hearing Icahn Partners LP’s request to block a considered sale. Icahn’s investment firm later sued the Southwest Gas directors in November and accused the board of planning to sell the company’s shares at a discounted price to fund the Questar deal, according to the complaint. | By Sierra Jackson Dec 21 (Reuters) - Billionaire activist investor Carl Icahn's investment firm cannot stop Southwest Gas Holdings Inc's SWX.N board from potentially selling $1 billion worth of shares at a discounted price to fund an acquisition, a Delaware state judge ruled on Tuesday. Icahn’s investment firm had sought to block gas distribution company Southwest Gas’s roughly $1.98 billion acquisition of Dominion Energy Questar Pipeline LLC D.N, which was announced in October. Icahn’s investment firm later sued the Southwest Gas directors in November and accused the board of planning to sell the company’s shares at a discounted price to fund the Questar deal, according to the complaint. | By Sierra Jackson Dec 21 (Reuters) - Billionaire activist investor Carl Icahn's investment firm cannot stop Southwest Gas Holdings Inc's SWX.N board from potentially selling $1 billion worth of shares at a discounted price to fund an acquisition, a Delaware state judge ruled on Tuesday. Icahn’s investment firm had sought to block gas distribution company Southwest Gas’s roughly $1.98 billion acquisition of Dominion Energy Questar Pipeline LLC D.N, which was announced in October. Icahn’s investment firm later sued the Southwest Gas directors in November and accused the board of planning to sell the company’s shares at a discounted price to fund the Questar deal, according to the complaint. | By Sierra Jackson Dec 21 (Reuters) - Billionaire activist investor Carl Icahn's investment firm cannot stop Southwest Gas Holdings Inc's SWX.N board from potentially selling $1 billion worth of shares at a discounted price to fund an acquisition, a Delaware state judge ruled on Tuesday. Icahn’s investment firm had sought to block gas distribution company Southwest Gas’s roughly $1.98 billion acquisition of Dominion Energy Questar Pipeline LLC D.N, which was announced in October. Icahn’s investment firm later sued the Southwest Gas directors in November and accused the board of planning to sell the company’s shares at a discounted price to fund the Questar deal, according to the complaint. |
698840.0 | 2021-12-20 00:00:00 UTC | Monday Sector Leaders: Utilities, Healthcare | D | https://www.nasdaq.com/articles/monday-sector-leaders%3A-utilities-healthcare-0 | nan | nan | The best performing sector as of midday Monday is the Utilities sector, losing just 0.5%. Within that group, Dominion Energy Inc (Symbol: D) and American Electric Power Co Inc (Symbol: AEP) are two of the day's stand-outs, showing a gain of 1.3% and 0.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.3% on the day, and up 12.49% year-to-date. Dominion Energy Inc, meanwhile, is up 6.57% year-to-date, and American Electric Power Co Inc is up 7.70% year-to-date. Combined, D and AEP make up approximately 10.5% of the underlying holdings of XLU.
The next best performing sector is the Healthcare sector, losing just 1.2%. Among large Healthcare stocks, Pfizer Inc (Symbol: PFE) and DaVita Inc (Symbol: DVA) are the most notable, showing a gain of 2.7% and 1.5%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 1.1% in midday trading, and up 21.40% on a year-to-date basis. Pfizer Inc, meanwhile, is up 70.18% year-to-date, and DaVita Inc, is down 9.29% year-to-date. Combined, PFE and DVA make up approximately 6.6% of the underlying holdings of XLV.
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 Monday. As you can see, none of the sectors are up on the day, while nine sectors are down.
SECTOR % CHANGE
Utilities -0.5%
Healthcare -1.2%
Technology & Communications -1.3%
Services -1.5%
Consumer Products -1.6%
Industrial -1.8%
Energy -2.1%
Financial -2.3%
Materials -2.7%
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. | Combined, PFE and DVA make up approximately 6.6% of the underlying holdings of XLV. 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 Monday. Utilities -0.5% Healthcare -1.2% Technology & Communications -1.3% Services -1.5% Consumer Products -1.6% Industrial -1.8% Energy -2.1% Financial -2.3% Materials -2.7% 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. | Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.3% on the day, and up 12.49% year-to-date. Among large Healthcare stocks, Pfizer Inc (Symbol: PFE) and DaVita Inc (Symbol: DVA) are the most notable, showing a gain of 2.7% and 1.5%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 1.1% in midday trading, and up 21.40% on a year-to-date basis. | Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.3% on the day, and up 12.49% year-to-date. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 1.1% in midday trading, and up 21.40% on a year-to-date basis. 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 Monday. | Within that group, Dominion Energy Inc (Symbol: D) and American Electric Power Co Inc (Symbol: AEP) are two of the day's stand-outs, showing a gain of 1.3% and 0.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 1.3% on the day, and up 12.49% year-to-date. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 1.1% in midday trading, and up 21.40% on a year-to-date basis. |
698841.0 | 2021-12-17 00:00:00 UTC | Noteworthy ETF Outflows: XLU, DUK, SO, D | D | https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xlu-duk-so-d-0 | nan | nan | 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 $263.0 million dollar outflow -- that's a 1.9% decrease week over week (from 190,070,000 to 186,370,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is down about 0.6%, Southern Company (Symbol: SO) is down about 0.3%, 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 $58.27 per share, with $71.51 as the 52 week high point — that compares with a last trade of $70.37. 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. | 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 $263.0 million dollar outflow -- that's a 1.9% decrease week over week (from 190,070,000 to 186,370,000). 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. | 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 $71.51 as the 52 week high point — that compares with a last trade of $70.37. 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. | 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 $263.0 million dollar outflow -- that's a 1.9% decrease week over week (from 190,070,000 to 186,370,000). 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 $71.51 as the 52 week high point — that compares with a last trade of $70.37. 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. | 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 $263.0 million dollar outflow -- that's a 1.9% decrease week over week (from 190,070,000 to 186,370,000). 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 $71.51 as the 52 week high point — that compares with a last trade of $70.37. 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). |
698842.0 | 2021-12-16 00:00:00 UTC | D February 2022 Options Begin Trading | D | https://www.nasdaq.com/articles/d-february-2022-options-begin-trading | nan | nan | Investors in Dominion Energy Inc (Symbol: D) saw new options become available today, for the February 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the D options chain for the new February 2022 contracts and identified one put and one call contract of particular interest.
The put contract at the $77.50 strike price has a current bid of $1.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $77.50, but will also collect the premium, putting the cost basis of the shares at $75.70 (before broker commissions). To an investor already interested in purchasing shares of D, that could represent an attractive alternative to paying $78.94/share today.
Because the $77.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.32% return on the cash commitment, or 13.25% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc, and highlighting in green where the $77.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $1.85. If an investor was to purchase shares of D stock at the current price level of $78.94/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $80.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.69% if the stock gets called away at the February 2022 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if D shares really soar, which is why looking at the trailing twelve month trading history for Dominion Energy Inc, as well as studying the business fundamentals becomes important. Below is a chart showing D's trailing twelve month trading history, with the $80.00 strike highlighted in red:
Considering the fact that the $80.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.34% boost of extra return to the investor, or 13.37% annualized, which we refer to as the YieldBoost.
The implied volatility in the call contract example above is 20%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $78.94) to be 19%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Because the $77.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. Of course, a lot of upside could potentially be left on the table if D shares really soar, which is why looking at the trailing twelve month trading history for Dominion Energy Inc, as well as studying the business fundamentals becomes important. Below is a chart showing D's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. | The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc, and highlighting in green where the $77.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $1.85. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. | Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc, and highlighting in green where the $77.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $1.85. Below is a chart showing D's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). | At Stock Options Channel, our YieldBoost formula has looked up and down the D options chain for the new February 2022 contracts and identified one put and one call contract of particular interest. Should the contract expire worthless, the premium would represent a 2.32% return on the cash commitment, or 13.25% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing D's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. |
698843.0 | 2021-12-15 00:00:00 UTC | Energy Sector Update for 12/15/2021: D,MMP,EPD,HON | D | https://www.nasdaq.com/articles/energy-sector-update-for-12-15-2021%3A-dmmpepdhon | nan | nan | Energy stocks continued to pare their Wednesday losses this afternoon, with the NYSE Energy Sector Index dropping 0.1% in late trade while the SPDR Energy Select Sector ETF (XLE) was down less than 0.1%. The Philadelphia Oil-Service Sector index was posting a 0.8% decline, and the Dow Jones US Utilities Index was rising 1.6%.
Front-month West Texas Intermediate crude oil settled $0.14 higher at $70.87 per barrel after the Energy Information Administration Wednesday said commercial inventories fell by 4.6 million barrels during the seven days ended Dec. 10, exceeding forecasts for a drop of 1.7 million barrels last week.
The global benchmark Brent crude contract also was advancing $0.53 to $74.27 per barrel while Henry Hub natural gas futures rose $0.06 to $3.80 per 1 million BTU.
In company news, Dominion Energy (D) added 1.8% after the electric utility raised its quarterly dividend by 6% over its most recent distributions to $0.6675 per share starting in March.
Honeywell (HON) was rising 1.4% after the industrial conglomerate announced a new licensing agreement with the University of Texas to develop lower-cost carbon capture solutions for power plants and heavy industries.
Magellan Midstream Partners (MMP) was 1.1% higher, rebounding from a 1% mid-morning decline, after saying it was extending the open season for the proposed expansion of its 450-mile pipeline system for refined petroleum products between Kansas to Colorado until Dec. 22 to provide customers with more time to finalize their commitments.
Enterprise Products Partners (EPD) climbed 0.8% after RBC Capital Markets increased its price target for the pipeline company by $1 to $32 a share and reiterated its outperform rating. The move follows the company saying Wednesday it started commercial service on its new Gillis Lateral pipeline in Louisiana, adding 1 billion cubic feet of daily capacity to complement its recently expanded Acadian Haynesville system for liquefied natural gas customers on the US Gulf Coast.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Magellan Midstream Partners (MMP) was 1.1% higher, rebounding from a 1% mid-morning decline, after saying it was extending the open season for the proposed expansion of its 450-mile pipeline system for refined petroleum products between Kansas to Colorado until Dec. 22 to provide customers with more time to finalize their commitments. Enterprise Products Partners (EPD) climbed 0.8% after RBC Capital Markets increased its price target for the pipeline company by $1 to $32 a share and reiterated its outperform rating. The move follows the company saying Wednesday it started commercial service on its new Gillis Lateral pipeline in Louisiana, adding 1 billion cubic feet of daily capacity to complement its recently expanded Acadian Haynesville system for liquefied natural gas customers on the US Gulf Coast. | Energy stocks continued to pare their Wednesday losses this afternoon, with the NYSE Energy Sector Index dropping 0.1% in late trade while the SPDR Energy Select Sector ETF (XLE) was down less than 0.1%. Front-month West Texas Intermediate crude oil settled $0.14 higher at $70.87 per barrel after the Energy Information Administration Wednesday said commercial inventories fell by 4.6 million barrels during the seven days ended Dec. 10, exceeding forecasts for a drop of 1.7 million barrels last week. The move follows the company saying Wednesday it started commercial service on its new Gillis Lateral pipeline in Louisiana, adding 1 billion cubic feet of daily capacity to complement its recently expanded Acadian Haynesville system for liquefied natural gas customers on the US Gulf Coast. | Energy stocks continued to pare their Wednesday losses this afternoon, with the NYSE Energy Sector Index dropping 0.1% in late trade while the SPDR Energy Select Sector ETF (XLE) was down less than 0.1%. Front-month West Texas Intermediate crude oil settled $0.14 higher at $70.87 per barrel after the Energy Information Administration Wednesday said commercial inventories fell by 4.6 million barrels during the seven days ended Dec. 10, exceeding forecasts for a drop of 1.7 million barrels last week. The move follows the company saying Wednesday it started commercial service on its new Gillis Lateral pipeline in Louisiana, adding 1 billion cubic feet of daily capacity to complement its recently expanded Acadian Haynesville system for liquefied natural gas customers on the US Gulf Coast. | Energy stocks continued to pare their Wednesday losses this afternoon, with the NYSE Energy Sector Index dropping 0.1% in late trade while the SPDR Energy Select Sector ETF (XLE) was down less than 0.1%. The Philadelphia Oil-Service Sector index was posting a 0.8% decline, and the Dow Jones US Utilities Index was rising 1.6%. Front-month West Texas Intermediate crude oil settled $0.14 higher at $70.87 per barrel after the Energy Information Administration Wednesday said commercial inventories fell by 4.6 million barrels during the seven days ended Dec. 10, exceeding forecasts for a drop of 1.7 million barrels last week. |
698844.0 | 2021-12-01 00:00:00 UTC | Noteworthy ETF Outflows: XLU, DUK, SO, D | D | https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xlu-duk-so-d | nan | nan | 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 $121.7 million dollar outflow -- that's a 1.0% decrease week over week (from 185,970,000 to 184,120,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is up about 0.8%, Southern Company (Symbol: SO) is up about 1.3%, and Dominion Energy Inc (Symbol: D) is up by about 1.2%. 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 $70.07 as the 52 week high point — that compares with a last trade of $66.66. 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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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. | 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 $121.7 million dollar outflow -- that's a 1.0% decrease week over week (from 185,970,000 to 184,120,000). 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. | 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 $70.07 as the 52 week high point — that compares with a last trade of $66.66. 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. | 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 $121.7 million dollar outflow -- that's a 1.0% decrease week over week (from 185,970,000 to 184,120,000). 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 $70.07 as the 52 week high point — that compares with a last trade of $66.66. 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. | 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 $121.7 million dollar outflow -- that's a 1.0% decrease week over week (from 185,970,000 to 184,120,000). 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 $70.07 as the 52 week high point — that compares with a last trade of $66.66. 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). |
698845.0 | 2021-12-01 00:00:00 UTC | Dominion Energy, Inc. (D) Ex-Dividend Date Scheduled for December 02, 2021 | D | https://www.nasdaq.com/articles/dominion-energy-inc.-d-ex-dividend-date-scheduled-for-december-02-2021 | nan | nan | Dominion Energy, Inc. (D) will begin trading ex-dividend on December 02, 2021. A cash dividend payment of $0.63 per share is scheduled to be paid on December 20, 2021. Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that D has paid the same dividend. At the current stock price of $71.2, the dividend yield is 3.54%.
The previous trading day's last sale of D was $71.2, representing a -12.22% decrease from the 52 week high of $81.11 and a 4.94% increase over the 52 week low of $67.85.
D is a part of the Public Utilities sector, which includes companies such as NextEra Energy, Inc. (NEE) and American Electric Power Company, Inc. (AEP). D's current earnings per share, an indicator of a company's profitability, is $3.17. Zacks Investment Research reports D's forecasted earnings growth in 2021 as 9.79%, compared to an industry average of 2.3%.
For more information on the declaration, record and payment dates, visit the d Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to D through an Exchange Traded Fund [ETF]?
The following ETF(s) have D as a top-10 holding:
VanEck Uranium Nuclear Energy ETF (NLR)
SPDR Select Sector Fund - Utilities (XLU)
Vanguard Utilities ETF (VPU)
Fidelity MSCI Utilities Index ETF (FUTY)
iShares U.S. Utilities ETF (IDU).
The top-performing ETF of this group is NLR with an increase of 2.02% over the last 100 days. It also has the highest percent weighting of D at 7.62%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports D's forecasted earnings growth in 2021 as 9.79%, compared to an industry average of 2.3%. For more information on the declaration, record and payment dates, visit the d Dividend History page. | Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. Interested in gaining exposure to D through an Exchange Traded Fund [ETF]? The following ETF(s) have D as a top-10 holding: VanEck Uranium Nuclear Energy ETF (NLR) SPDR Select Sector Fund - Utilities (XLU) Vanguard Utilities ETF (VPU) Fidelity MSCI Utilities Index ETF (FUTY) iShares U.S. Utilities ETF (IDU). | A cash dividend payment of $0.63 per share is scheduled to be paid on December 20, 2021. Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have D as a top-10 holding: VanEck Uranium Nuclear Energy ETF (NLR) SPDR Select Sector Fund - Utilities (XLU) Vanguard Utilities ETF (VPU) Fidelity MSCI Utilities Index ETF (FUTY) iShares U.S. Utilities ETF (IDU). | A cash dividend payment of $0.63 per share is scheduled to be paid on December 20, 2021. Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have D as a top-10 holding: VanEck Uranium Nuclear Energy ETF (NLR) SPDR Select Sector Fund - Utilities (XLU) Vanguard Utilities ETF (VPU) Fidelity MSCI Utilities Index ETF (FUTY) iShares U.S. Utilities ETF (IDU). |
698846.0 | 2021-11-30 00:00:00 UTC | Dominion Energy (NYSE:D) Has Re-Affirmed Its Dividend Of US$0.63 | D | https://www.nasdaq.com/articles/dominion-energy-nyse%3Ad-has-re-affirmed-its-dividend-of-us%240.63 | nan | nan | Dominion Energy, Inc.'s (NYSE:D) investors are due to receive a payment of US$0.63 per share on 20th of December. This means that the annual payment will be 3.4% of the current stock price, which is in line with the average for the industry.
Dominion Energy's Earnings Easily Cover the Distributions
Unless the payments are sustainable, the dividend yield doesn't mean too much. The last dividend made up quite a large portion of free cash flows, and this was made worse by the lack of free cash flows. Generally, we think that this would be a risky long term practice.
Looking forward, earnings per share is forecast to rise by 27.2% over the next year. Assuming the dividend continues along the course it has been charting recently, our estimates show the payout ratio being 65% which brings it into quite a comfortable range.
NYSE:D Historic Dividend November 30th 2021
Dividend Volatility
Although the company has a long dividend history, it has been cut at least once in the last 10 years. The first annual payment during the last 10 years was US$1.97 in 2011, and the most recent fiscal year payment was US$2.52. This means that it has been growing its distributions at 2.5% per annum over that time. It's encouraging to see some dividend growth, but the dividend has been cut at least once, and the size of the cut would eliminate most of the growth anyway, which makes this less attractive as an income investment.
The Dividend's Growth Prospects Are Limited
With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. Although it's important to note that Dominion Energy's earnings per share has basically not grown from where it was five years ago, which could erode the purchasing power of the dividend over time.
Dominion Energy's Dividend Doesn't Look Sustainable
Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. The track record isn't great, and the payments are a bit high to be considered sustainable. We would probably look elsewhere for an income investment.
Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. However, there are other things to consider for investors when analysing stock performance. To that end, Dominion Energy has 2 warning signs (and 1 which is potentially serious) we think you should know about. Looking for more high-yielding dividend ideas? Try our curated list of strong dividend payers.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Dominion Energy's Earnings Easily Cover the Distributions Unless the payments are sustainable, the dividend yield doesn't mean too much. Although it's important to note that Dominion Energy's earnings per share has basically not grown from where it was five years ago, which could erode the purchasing power of the dividend over time. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. | Dominion Energy's Earnings Easily Cover the Distributions Unless the payments are sustainable, the dividend yield doesn't mean too much. Although it's important to note that Dominion Energy's earnings per share has basically not grown from where it was five years ago, which could erode the purchasing power of the dividend over time. Dominion Energy's Dividend Doesn't Look Sustainable Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. | NYSE:D Historic Dividend November 30th 2021 Dividend Volatility Although the company has a long dividend history, it has been cut at least once in the last 10 years. The Dividend's Growth Prospects Are Limited With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. Dominion Energy's Dividend Doesn't Look Sustainable Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. | Dominion Energy, Inc.'s (NYSE:D) investors are due to receive a payment of US$0.63 per share on 20th of December. The first annual payment during the last 10 years was US$1.97 in 2011, and the most recent fiscal year payment was US$2.52. This means that the annual payment will be 3.4% of the current stock price, which is in line with the average for the industry. |
698847.0 | 2021-11-30 00:00:00 UTC | Ex-Dividend Reminder: Churchill Downs, Dominion Energy and Perrigo | D | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-churchill-downs-dominion-energy-and-perrigo | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 12/2/21, Churchill Downs, Inc. (Symbol: CHDN), Dominion Energy Inc (Symbol: D), and Perrigo Company plc (Symbol: PRGO) will all trade ex-dividend for their respective upcoming dividends. Churchill Downs, Inc. will pay its annual dividend of $0.667 on 1/7/22, Dominion Energy Inc will pay its quarterly dividend of $0.63 on 12/20/21, and Perrigo Company plc will pay its quarterly dividend of $0.24 on 12/21/21. As a percentage of CHDN's recent stock price of $227.94, this dividend works out to approximately 0.29%, so look for shares of Churchill Downs, Inc. to trade 0.29% lower — all else being equal — when CHDN shares open for trading on 12/2/21. Similarly, investors should look for D to open 0.86% lower in price and for PRGO to open 0.65% lower, all else being equal.
When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. Perrigo Company plc (Symbol: PRGO) is a "future dividend aristocrats contender," with 18+ years of increases.
Below are dividend history charts for CHDN, D, and PRGO, showing historical dividends prior to the most recent ones declared.
Churchill Downs, Inc. (Symbol: CHDN):
Dominion Energy Inc (Symbol: D):
Perrigo Company plc (Symbol: PRGO):
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 0.29% for Churchill Downs, Inc., 3.43% for Dominion Energy Inc, and 2.59% for Perrigo Company plc.
In Tuesday trading, Churchill Downs, Inc. shares are currently off about 0.2%, Dominion Energy Inc shares are down about 1.4%, and Perrigo Company plc shares are off about 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. | Perrigo Company plc (Symbol: PRGO) is a "future dividend aristocrats contender," with 18+ years of increases. 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 0.29% for Churchill Downs, Inc., 3.43% for Dominion Energy Inc, and 2.59% for Perrigo Company plc. | Looking at the universe of stocks we cover at Dividend Channel, on 12/2/21, Churchill Downs, Inc. (Symbol: CHDN), Dominion Energy Inc (Symbol: D), and Perrigo Company plc (Symbol: PRGO) will all trade ex-dividend for their respective upcoming dividends. Churchill Downs, Inc. will pay its annual dividend of $0.667 on 1/7/22, Dominion Energy Inc will pay its quarterly dividend of $0.63 on 12/20/21, and Perrigo Company plc will pay its quarterly dividend of $0.24 on 12/21/21. Churchill Downs, Inc. (Symbol: CHDN): Dominion Energy Inc (Symbol: D): Perrigo Company plc (Symbol: PRGO): In general, dividends are not always predictable, following the ups and downs of company profits over time. | Looking at the universe of stocks we cover at Dividend Channel, on 12/2/21, Churchill Downs, Inc. (Symbol: CHDN), Dominion Energy Inc (Symbol: D), and Perrigo Company plc (Symbol: PRGO) will all trade ex-dividend for their respective upcoming dividends. Churchill Downs, Inc. will pay its annual dividend of $0.667 on 1/7/22, Dominion Energy Inc will pay its quarterly dividend of $0.63 on 12/20/21, and Perrigo Company plc will pay its quarterly dividend of $0.24 on 12/21/21. Churchill Downs, Inc. (Symbol: CHDN): Dominion Energy Inc (Symbol: D): Perrigo Company plc (Symbol: PRGO): In general, dividends are not always predictable, following the ups and downs of company profits over time. | As a percentage of CHDN's recent stock price of $227.94, this dividend works out to approximately 0.29%, so look for shares of Churchill Downs, Inc. to trade 0.29% lower — all else being equal — when CHDN shares open for trading on 12/2/21. Churchill Downs, Inc. (Symbol: CHDN): Dominion Energy Inc (Symbol: D): Perrigo Company plc (Symbol: PRGO): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 0.29% for Churchill Downs, Inc., 3.43% for Dominion Energy Inc, and 2.59% for Perrigo Company plc. |
698848.0 | 2021-11-19 00:00:00 UTC | The 3 Safest Energy Dividends Right Now | D | https://www.nasdaq.com/articles/the-3-safest-energy-dividends-right-now | nan | nan | Dividends are tangible returns on your investments in stocks -- and if you've left the workforce, they can help provide the cash you need to live a comfortable life. But only if you keep getting paid. That's why you need to focus on more than just dividend yield, and look at dividend safety as well. Here are three companies from the broader energy group that provide a good mix of income and safety.
1. Midstream powerhouse with ample coverage
Enterprise Products Partners (NYSE: EPD) is one of the largest midstream companies in North America, with a collection of assets that help move oil and natural gas around the world. It would be virtually impossible for a competitor to recreate this $50 billion market cap company's portfolio. Its business is largely based on fees, so it gets paid for the use of its assets. The often-volatile price of the commodities passing through its system aren't as important as demand for those commodities. And here's the best part: Its distributable cash flow covered the third-quarter distribution by 1.6 times.
Image source: Getty Images.
That's robust coverage that provides ample room for adversity before the distribution, which yields 7.8%, is at risk. In addition, the company has a history of using modest leverage, with a debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio of 3.9, which is toward the low end of its closest peers. It has increased its distribution for 24 consecutive years.
But what about the movement to reduce carbon emissions? That's a very real issue, but the transition away from oil and natural gas will likely take decades to complete. In fact, because of population growth and the financial growth of emerging markets, absolute demand for oil and natural gas is likely to keep growing through at least 2040. And that means master limited partnership Enterprise will continue to see robust demand for its services.
2. Drilling into the energy industry
If you're looking for a more direct way to play oil and natural gas, however, you might want to look at integrated energy giant Chevron (NYSE: CVX). The company's business spans from the upstream (drilling) space through the midstream arena and all the way to the downstream (refining and chemicals). The end goal is to help balance out the inherently volatile ups and downs in the commodity-driven drilling business, since downstream operations often benefit when oil and gas prices are low. However, given the ups and downs in the energy patch, the real safety value here is the balance sheet and the company's commitment to the distribution.
On the first front, Chevron's debt to equity ratio is roughly 0.28, the lowest of the energy majors. And that's after an opportunistic acquisition in 2020 that helped to ensure Chevron came out of that year's nasty energy downturn a stronger company. Then there's the 34 consecutive years of annual dividend increases, including in 2020, which shows a dedication to returning cash to investors even during hard times. The key here is to remember that during energy downturns that commitment will usually mean using the balance sheet to fund the dividend for a bit before the energy market rebounds. The stock yields 4.7%.
D Dividend Yield data by YCharts
3. A dividend cut?
The final name here is going to break the mold a little, because Dominion Energy (NYSE: D) recently cut its dividend. However, it is important to understand why, and what it means for the dividend going forward. Effectively, Dominion has been simplifying and de-risking its business for more than a decade, jettisoning oil drilling assets and midstream pipelines, among other things. The last big move was selling midstream assets to Berkshire Hathaway. But that represented a huge chunk of the company's business and, thus, a dividend cut was necessary. What's left now is a boring old regulated utility, one of the largest in the United States, with much-improved dividend coverage and growth prospects.
At this point, Dominion is expecting to grow earnings by around 6.5% a year through at least 2025. That is expected to translate into 6% dividend growth, a notable level for a utility. Combined with its roughly-3.4% dividend yield (backed by a modest payout ratio of around 65%), that should equate to around 10% annual returns for investors. That's backed by a $32 billion five-year capital investment plan.
The key here, however, is that Dominion is a regulated utility, so all of that spending has to be approved by regulators. Once regulators are on board, it is likely to take place no matter what's going on in the stock market. That makes this something of a boring cornerstone investment -- but boring can be good when you are a dividend-focused investor.
Energy options that help you sleep at night
The energy sector can be volatile, but that doesn't mean your investments in the sector have to be. That's why large, financially strong players like Enterprise, Chevron, and Dominion are great ways to play the space for dividend investors. All three have sizable yields, strong businesses, and conservative approaches that should yield material benefits for income seekers today and in the future. It's likely that at least one will find its way into your portfolio if you take the time for some deep dives here.
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Reuben Gregg Brewer owns shares of Dominion Energy, Inc. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares). The Motley Fool recommends Dominion Energy, Inc and Enterprise Products Partners 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. | In addition, the company has a history of using modest leverage, with a debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio of 3.9, which is toward the low end of its closest peers. The end goal is to help balance out the inherently volatile ups and downs in the commodity-driven drilling business, since downstream operations often benefit when oil and gas prices are low. Then there's the 34 consecutive years of annual dividend increases, including in 2020, which shows a dedication to returning cash to investors even during hard times. | The end goal is to help balance out the inherently volatile ups and downs in the commodity-driven drilling business, since downstream operations often benefit when oil and gas prices are low. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares). The Motley Fool recommends Dominion Energy, Inc and Enterprise Products Partners 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 key here is to remember that during energy downturns that commitment will usually mean using the balance sheet to fund the dividend for a bit before the energy market rebounds. See the 10 stocks *Stock Advisor returns as of November 10, 2021 Reuben Gregg Brewer owns shares of Dominion Energy, Inc. The Motley Fool recommends Dominion Energy, Inc and Enterprise Products Partners 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). | That's why you need to focus on more than just dividend yield, and look at dividend safety as well. Drilling into the energy industry If you're looking for a more direct way to play oil and natural gas, however, you might want to look at integrated energy giant Chevron (NYSE: CVX). The stock yields 4.7%. |
698849.0 | 2021-11-18 00:00:00 UTC | D July 2022 Options Begin Trading | D | https://www.nasdaq.com/articles/d-july-2022-options-begin-trading | nan | nan | Investors in Dominion Energy Inc (Symbol: D) saw new options begin trading today, for the July 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 239 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the D options chain for the new July 2022 contracts and identified one put and one call contract of particular interest.
The put contract at the $67.50 strike price has a current bid of $2.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $67.50, but will also collect the premium, putting the cost basis of the shares at $65.10 (before broker commissions). To an investor already interested in purchasing shares of D, that could represent an attractive alternative to paying $75.09/share today.
Because the $67.50 strike represents an approximate 10% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 75%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.56% return on the cash commitment, or 5.43% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc, and highlighting in green where the $67.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $77.50 strike price has a current bid of $2.55. If an investor was to purchase shares of D stock at the current price level of $75.09/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $77.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.61% if the stock gets called away at the July 2022 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if D shares really soar, which is why looking at the trailing twelve month trading history for Dominion Energy Inc, as well as studying the business fundamentals becomes important. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red:
Considering the fact that the $77.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 60%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.40% boost of extra return to the investor, or 5.19% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 29%, while the implied volatility in the call contract example is 20%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $75.09) to be 18%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Because the $67.50 strike represents an approximate 10% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. Of course, a lot of upside could potentially be left on the table if D shares really soar, which is why looking at the trailing twelve month trading history for Dominion Energy Inc, as well as studying the business fundamentals becomes important. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. | The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 75%. Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc, and highlighting in green where the $67.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $77.50 strike price has a current bid of $2.55. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 60%. | Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc, and highlighting in green where the $67.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $77.50 strike price has a current bid of $2.55. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). | At Stock Options Channel, our YieldBoost formula has looked up and down the D options chain for the new July 2022 contracts and identified one put and one call contract of particular interest. Should the contract expire worthless, the premium would represent a 3.56% return on the cash commitment, or 5.43% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. |
698850.0 | 2021-11-15 00:00:00 UTC | Top Buys by Top Brass: CEO Blue's $500K Bet on D | D | https://www.nasdaq.com/articles/top-buys-by-top-brass%3A-ceo-blues-%24500k-bet-on-d-2021-11-15 | nan | nan | A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $500K invested across 2 purchases by Robert M. Blue, CEO at Dominion Energy Inc (Symbol: D).
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00
11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00
Blue's average cost works out to $75.28/share. In trading on Monday, bargain hunters could buy shares of Dominion Energy Inc (Symbol: D) and achieve a cost basis lower than Blue, with shares changing hands as low as $74.55 per share. Shares of Dominion Energy Inc were changing hands at $75.45 at last check, trading up about 1% on Monday. 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 $67.85 per share, with $86.23 as the 52 week high point — that compares with a last trade of $75.45.
Free Report: Top 7%+ Dividends (paid monthly)
Click here to find out which other top insider buys by the ''top brass'' 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. | So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $500K invested across 2 purchases by Robert M. Blue, CEO at Dominion Energy Inc (Symbol: D). Shares of Dominion Energy Inc were changing hands at $75.45 at last check, trading up about 1% on Monday. 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 $67.85 per share, with $86.23 as the 52 week high point — that compares with a last trade of $75.45. | So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $500K invested across 2 purchases by Robert M. Blue, CEO at Dominion Energy Inc (Symbol: D). 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00 11/10/2021 Robert M. Blue Chair, President and CEO 3,321 $75.28 $249,998.00 Blue's average cost works out to $75.28/share. In trading on Monday, bargain hunters could buy shares of Dominion Energy Inc (Symbol: D) and achieve a cost basis lower than Blue, with shares changing hands as low as $74.55 per share. | So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $500K invested across 2 purchases by Robert M. Blue, CEO at Dominion Energy Inc (Symbol: D). In trading on Monday, bargain hunters could buy shares of Dominion Energy Inc (Symbol: D) and achieve a cost basis lower than Blue, with shares changing hands as low as $74.55 per share. Free Report: Top 7%+ Dividends (paid monthly) Click here to find out which other top insider buys by the ''top brass'' 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. | A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $500K invested across 2 purchases by Robert M. Blue, CEO at Dominion Energy Inc (Symbol: D). In trading on Monday, bargain hunters could buy shares of Dominion Energy Inc (Symbol: D) and achieve a cost basis lower than Blue, with shares changing hands as low as $74.55 per share. |
698851.0 | 2021-11-10 00:00:00 UTC | Notable ETF Inflow Detected - XLU, SO, D, EXC | D | https://www.nasdaq.com/articles/notable-etf-inflow-detected-xlu-so-d-exc | nan | nan | 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 $146.4 million dollar inflow -- that's a 1.2% increase week over week in outstanding units (from 182,770,000 to 184,970,000). Among the largest underlying components of XLU, in trading today Southern Company (Symbol: SO) is down about 0.1%, Dominion Energy Inc (Symbol: D) is up about 0.8%, and Exelon Corp (Symbol: EXC) is lower 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 $70.07 as the 52 week high point — that compares with a last trade of $66.83. 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. | 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 $146.4 million dollar inflow -- that's a 1.2% increase week over week in outstanding units (from 182,770,000 to 184,970,000). 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. | Among the largest underlying components of XLU, in trading today Southern Company (Symbol: SO) is down about 0.1%, Dominion Energy Inc (Symbol: D) is up about 0.8%, and Exelon Corp (Symbol: EXC) is lower 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 $70.07 as the 52 week high point — that compares with a last trade of $66.83. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. | 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 $146.4 million dollar inflow -- that's a 1.2% increase week over week in outstanding units (from 182,770,000 to 184,970,000). 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 $70.07 as the 52 week high point — that compares with a last trade of $66.83. 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. | 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 $146.4 million dollar inflow -- that's a 1.2% increase week over week in outstanding units (from 182,770,000 to 184,970,000). 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 $70.07 as the 52 week high point — that compares with a last trade of $66.83. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. |
698852.0 | 2021-11-09 00:00:00 UTC | Southwest Gas asks shareholders to reject Carl Icahn's tender offer | D | https://www.nasdaq.com/articles/southwest-gas-asks-shareholders-to-reject-carl-icahns-tender-offer | nan | nan | Adds background
Nov 9 (Reuters) - Southwest Gas Holdings Inc SWX.N, which is embroiled in a proxy battle with Carl Icahn, asked its shareholders on Tuesday to reject the activist investor's tender offer of $75 per share, saying it undervalued the natural gas distributor.
Icahn is planning to replace Southwest's board at an annual shareholder meeting after it adopted a shareholder rights plan to thwart a push by the investor to abandon a $2 billion deal to buy Questar Pipelines from Dominion Energy Inc D.N.
The Las Vegas, Nevada-based company also posted an 83% fall in adjusted profit, partly hurt by higher expenses in its natural gas operations and utilities services segments.
(Reporting by Ruhi Soni in Bengaluru; Editing by Anil D'Silva)
((Ruhi.Soni@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Adds background Nov 9 (Reuters) - Southwest Gas Holdings Inc SWX.N, which is embroiled in a proxy battle with Carl Icahn, asked its shareholders on Tuesday to reject the activist investor's tender offer of $75 per share, saying it undervalued the natural gas distributor. Icahn is planning to replace Southwest's board at an annual shareholder meeting after it adopted a shareholder rights plan to thwart a push by the investor to abandon a $2 billion deal to buy Questar Pipelines from Dominion Energy Inc D.N. The Las Vegas, Nevada-based company also posted an 83% fall in adjusted profit, partly hurt by higher expenses in its natural gas operations and utilities services segments. | Adds background Nov 9 (Reuters) - Southwest Gas Holdings Inc SWX.N, which is embroiled in a proxy battle with Carl Icahn, asked its shareholders on Tuesday to reject the activist investor's tender offer of $75 per share, saying it undervalued the natural gas distributor. Icahn is planning to replace Southwest's board at an annual shareholder meeting after it adopted a shareholder rights plan to thwart a push by the investor to abandon a $2 billion deal to buy Questar Pipelines from Dominion Energy Inc D.N. The Las Vegas, Nevada-based company also posted an 83% fall in adjusted profit, partly hurt by higher expenses in its natural gas operations and utilities services segments. | Adds background Nov 9 (Reuters) - Southwest Gas Holdings Inc SWX.N, which is embroiled in a proxy battle with Carl Icahn, asked its shareholders on Tuesday to reject the activist investor's tender offer of $75 per share, saying it undervalued the natural gas distributor. Icahn is planning to replace Southwest's board at an annual shareholder meeting after it adopted a shareholder rights plan to thwart a push by the investor to abandon a $2 billion deal to buy Questar Pipelines from Dominion Energy Inc D.N. (Reporting by Ruhi Soni in Bengaluru; Editing by Anil D'Silva) ((Ruhi.Soni@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Adds background Nov 9 (Reuters) - Southwest Gas Holdings Inc SWX.N, which is embroiled in a proxy battle with Carl Icahn, asked its shareholders on Tuesday to reject the activist investor's tender offer of $75 per share, saying it undervalued the natural gas distributor. Icahn is planning to replace Southwest's board at an annual shareholder meeting after it adopted a shareholder rights plan to thwart a push by the investor to abandon a $2 billion deal to buy Questar Pipelines from Dominion Energy Inc D.N. The Las Vegas, Nevada-based company also posted an 83% fall in adjusted profit, partly hurt by higher expenses in its natural gas operations and utilities services segments. |
698853.0 | 2021-11-08 00:00:00 UTC | Dominion Energy Posts Mixed Q3 Results | D | https://www.nasdaq.com/articles/dominion-energy-posts-mixed-q3-results | nan | nan | Dominion Energy (D) delivered mixed third-quarter 2021 results, topping earnings estimates, but falling short of revenue expectations.
However, shares of the Virginia-based power and energy company, which operates in 16 states across the U.S., gained 1.4% on November 5 to close at $76.53. (See Dominion stock chart on TipRanks)
Quarterly Performance
Q3 adjusted earnings of $1.11 per share exceeded analysts’ expectations of $1.05 per share. The company reported earnings of $1.08 per share in the same quarter last year.
However, revenues declined 11.9% year-over-year to $3.18 billion, falling short of consensus estimates of $3.96 billion.
Dominion Energy Updates FY 2021 Outlook
The company narrowed its operating earnings guidance range for FY 2021 to between $3.80 and $3.90 per share, on assumptions based on normal weather conditions. Furthermore, the company reaffirmed its long-term earnings and dividend growth guidance.
Meanwhile, Q4 adjusted earnings are likely to range between $0.85 and $0.95 per share, while the consensus estimate is pegged at $0.97 per share.
Wall Street’s Take
Overall, the stock has a Moderate Buy consensus rating based on 3 Buys and 2 Holds. The average Dominion Energy price target of $80.60 implies a 5.32% upside potential to current levels. However, the company’s shares have lost 8.9% over the past year.
Furthermore, Dominion scores a 9 out of 10 according to TipRanks’ Smart Score rating system, suggesting that the stock is likely to outperform market averages.
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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. | Dominion Energy (D) delivered mixed third-quarter 2021 results, topping earnings estimates, but falling short of revenue expectations. The average Dominion Energy price target of $80.60 implies a 5.32% upside potential to current levels. Related News: Exela Dips 11.5% on Quarterly Loss Qualcomm Posts a Blowout Quarter; Shares Jump 7.5% Roku’s Q3 Revenues & Q4 Outlook Disappoint The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Dominion Energy (D) delivered mixed third-quarter 2021 results, topping earnings estimates, but falling short of revenue expectations. (See Dominion stock chart on TipRanks) Quarterly Performance Q3 adjusted earnings of $1.11 per share exceeded analysts’ expectations of $1.05 per share. Dominion Energy Updates FY 2021 Outlook The company narrowed its operating earnings guidance range for FY 2021 to between $3.80 and $3.90 per share, on assumptions based on normal weather conditions. | (See Dominion stock chart on TipRanks) Quarterly Performance Q3 adjusted earnings of $1.11 per share exceeded analysts’ expectations of $1.05 per share. Dominion Energy Updates FY 2021 Outlook The company narrowed its operating earnings guidance range for FY 2021 to between $3.80 and $3.90 per share, on assumptions based on normal weather conditions. Meanwhile, Q4 adjusted earnings are likely to range between $0.85 and $0.95 per share, while the consensus estimate is pegged at $0.97 per share. | (See Dominion stock chart on TipRanks) Quarterly Performance Q3 adjusted earnings of $1.11 per share exceeded analysts’ expectations of $1.05 per share. The company reported earnings of $1.08 per share in the same quarter last year. Dominion Energy Updates FY 2021 Outlook The company narrowed its operating earnings guidance range for FY 2021 to between $3.80 and $3.90 per share, on assumptions based on normal weather conditions. |
698854.0 | 2021-11-06 00:00:00 UTC | Dominion Energy, Inc (D) Q3 2021 Earnings Call Transcript | D | https://www.nasdaq.com/articles/dominion-energy-inc-d-q3-2021-earnings-call-transcript-2021-11-06 | nan | nan | Image source: The Motley Fool.
Dominion Energy, Inc (NYSE: D)
Q3 2021 Earnings Call
Nov 05, 2021, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
David McFarland
Good morning, everyone, and thank you for joining the 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 report 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 treasurer; and other members of the executive management team. 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. Good morning, everybody. Let me begin with a recap of our compelling investment proposition and highlight our focus on the consistent execution of our strategy. We expect to grow our earnings per share by 6.5% per year to at least 2025.
Growth that is driven by a $32 billion five-year growth capital plan. As outlined on our fourth quarter call in February, over 80% of that capital investment is emissions reduction enabling and over decarbonization investment opportunity in the nation, which as you'll hear today, as you will hear here in today's prepared remarks is steadily transforming from opportunity to reality. We have quite a few exciting developments related to that transformation to discuss this morning, including the pending updates across our operating segments. Before handing it to Bob for those and other business updates, I'll discuss our third-quarter results and related financial topics.
First, our strong quarterly earnings. Our third-quarter 2021 operating earnings, as shown on Slide 4, were $1.11 per share, which for this quarter represented normal weather in our utility service territories. These strong results were slightly above the top end 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 [inaudible] which was completed late last year.
Negative factors as compared to last year include higher depreciation expense and a return to normal weather. This is our 23rd consecutive quarter, so almost six years now, of delivering weather-normal quarterly results that meet or feed the midpoint of our quarterly guidance ranges. Note that our third quarter and year-to-date gap discontinued operations, including those associated with the sale of our gas transmission and storage assets. Third quarter GAAP earnings were $0.79 per share [inaudible] activities.
Unrealized [inaudible] which will continue to be accounted for as discontinued operations until divested a year-end and other adjustments. A summary of all adjustments between operating and reporting results as usual, included in Schedule 2 of the earnings release kit. Turning now to guidance on Slide 5. As usual, we're providing a quarterly guidance range, which is designed primarily to account for variations from to be between $0.85 and $0.95 per share.
Positive drivers, as compared to last year are expected to be normal course regulated rider growth, continued modest strengthening of sales from commercial and industrial segment and slight catch up and call the deferred owned them and tax timing given where we are in the year. We are narrowing our 2021 full-year guidance range to $3.80 to $3.90 per share. Preserving the same midpoint as our original guidance assuming normal weather for the remainder of the year. We expect operation earnings per share for 2021 to be in the upper half ofthis narrowed guidance range.
We're also affirming long-term operating earnings and dividend growth guidance, no changes here from prior communications. We will, as usual, provide 2022 guidance on our fourth quarter call early in the new year, but we continue to expect the midpoint of our 2022 guidance range to be 6.5% higher than the midpoint of our '21 guidance range. We continue to be very focused on extending our track record of achieving weather-normal results at or above the midpoint of our guidance on both a quarterly and annual basis. On Slide 6, we've summarized several important financial milestones achieved since our last call.
First, we issued $1 billion in 10-year green bonds at our parent company at a cost of 2.25%. This follows right on the heels of the $6.9 billion in sustainability-linked credit facilities, which we announced on last quarter's call. So a lot of activity in Dominion on these types of innovative financings that support our ESG objectives. Thanks to all who participated in this important offering.
And as a reminder, we'll have additional fixed income issuance at Dominion Energy Virginia, Dominion Energy South Carolina and in our parent company during the remainder of this year. In October, we announced the sale of Questar Pipelines to Southwest Gas Holdings. This all-cash transaction was valued at nearly $2 billion, including the assumption of about $430 million of existing debt. Proceeds from the sale will be used primarily to reduce parent-level debt.
We very much expect to close by the end of this year, subject only to HSR approval. Obviously, there's quite a bit of press attention currently on some of the dynamics unfolding around various shareholders of Southwest Gas. But I would highlight that there is no early termination mechanism in our purchase and sale agreement. As a reminder, this transaction does not impact Dominion Energy's existing financial guidance this quarter or otherwise.
Questar Pipeline has been and will continue to be accounted for as a discontinued operation excluded from our company's calculation of operating earnings. Next, as a result of our continued focus on both our capital allocation process and on our corporate credit profile, we've elected to monetize additional value from our investment in Cove Point by financing our stake with an attractive nonrecourse term loan. We've received binding commitments on a $2.5 billion nonrecourse term loan, which is at the entity that holds our 50% noncontrolling equity method investment in the Cove Point facility. Proceeds from this EPS-neutral financing are being used to reduce parent-level debt.
Over the past few years, we've taken intentional and significant steps to effectuate fundamental change to lower our business risks, to maximize the recycling of capital into our attractive regulated utility businesses and to improve our credit metrics. And this financing is another step along that same path. We expect this nonrecourse recapitalization to be completed by year-end. Bigger picture, this financing provides a good opportunity to take a quick look back on the capital flows from that asset at Cove Point.
As you will recall, we invested approximately $4 billion in the construction of the Cove Point liquefaction project., And through the combination of prior stake sales and the project financing we're announcing today, we will have monetized well over $6 billion of capital to date, even before accounting for any distribution. Turning now to electric sales trends. Weather-normalized sales increased 2.4% year over year in the third quarter in Virginia and 1% in South Carolina. In both states, consistent with the trends seen last quarter, we've observed increasing usage from commercial and industrial segment overcoming declines among residential users as the stay-at-home impact of COVID waned.
Looking ahead, we continue to 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, similar to what we were observing pre-pandemic. So no changes there from prior communication. Next, let me discuss what we're seeing around rising natural gas prices as we're hearing a lot about this topic across the industry this quarter. We prioritize our customer rate affordability and implement price mitigation strategies across our businesses in a variety of ways to account for the impact of changes in gas prices.
So across our electric and gas utilities, we have very clear-cut pass-through mechanisms for fuel costs. So this is less of an issue as to how the recent price increases may impact earnings if they're sustained, but rather how they'll impact our customer bills, something we obviously care about and we watch very closely. So let me share a little bit of color on what measures we have in place to mitigate those kinds of impacts. In our gas distribution service territories, we expect the bill impact of rising fuel prices to be less pronounced than what some recent headlines suggest due to a few things: the proximity of gas resources, our widespread use of storage to offset peak day requirements and the effectiveness of our gas supply hedging strategies.
In our Western states, our unique state-regulated cost of service gas production also helps customers avoid price spikes. In fact, we estimate that our customers save over $100 million over just a seven-day period during the winter storms experienced last February, thanks to this regulatory structure. In our electric service territories, we also have long-standing risk mitigation strategies, including hedging and storage with most fuel costs trued up to customer bills on a delayed basis, a structure which helps to smooth out the bill impact of commodity swings. In summary, we certainly don't want to see any increased costs for any of our electric and gas customers.
So we'll continue to employ these mitigation measures to keep any increases as muted as possible. But for the avoidance of doubt, we currently don't see any impact to our decarbonization-focused growth capital investment plan. And wrapping up, we'll plan to use our fourth quarter call early next year to provide a comprehensive update and roll forward of capital investment, financial outlook and related disclosures akin to the format of our last fourth quarterearnings call which we believe was well received. Investors should expect further evidence in support of several fundamental Dominion Energy themes, compelling at earnings and dividend growth, combined with the largest regulated decarbonization opportunity in the industry, and an unyielding focus on extending our track record of successful project regulatory and financial performance.
With that, I'll turn the call over to Bob.
Bob Blue -- Chairman, President, and Chief Executive Officer
Thanks, Jim. I'll start, as usual, by commenting on our safety performance. As shown on Slide 7, I'm very pleased that our results over the first three quarters of this year are tracking closely to the record-setting OSHA rate that we achieved in 2020. As it relates to our electric utilities, I would note that through the first three quarters of this year, we're in the top quartile of performance for the Southeastern Electric Exchange and combined incident rates.
In fact, we're No.1. Now I'll turn to updates around the execution of our growth plan, as shown on Slide 8. At Gas Distribution, in North Carolina, we reached a comprehensive settlement with the public staff last month for our gas operations with rates based on a 9.6% ROE to be effective this month and generally in line with our financial plan expectations. The agreement also includes three new clean energy programs, a new hydrogen blending pilot, which, like our existing lending pilot in Utah, is part of our goal to be ready to blend hydrogen across our entire gas utility footprint by 2030, a new option to allow our customers to purchase R&G attributes and a new and expanded energy efficiency programs.
The settlement is pending commission approval. In Utah, we received approval for a program that would enable customers to purchase voluntary carbon offsets. For $5 per month on a typical residential bill, customers who opt into the program will fully offset the carbon impact of their gas distribution use. This program, which like our existing green therm program, allows customers to make choices about how to manage and lower their individual carbon profiles.
It's just one example of our gas distribution service intersects with an increasingly sustainable energy future. In South Carolina, new rates were effective beginning September 1 after the South Carolina Public Service Commission with the support of all parties unanimously approved the proposed comprehensive settlement in the General Electric rate case. It's also worth noting that in September, we filed an interim update to our modified 2020 IRP. And Resource Plan 8 remains the preferred plan calling for the retirement of all coal-fired generation in our South Carolina system by the end of the decade.
Turning now to Virginia. Last month, we announced a comprehensive rate settlement agreement in our pending triennial rate case, in conjunction with the State Corporation Commission staff, the Office of Attorney General and other intervener parties. We appreciate the balanced, reasonable and cost-effective approach among the parties, which allowed an agreement which supports continued capital investments in Virginia in order to meet the Commonwealth's clean energy priorities and the needs of customers. Those investments include the development of offshore wind, which I'll touch on in a few minutes, as well as growing one of the leading state-regulated utility solar and battery portfolios in the country.
This settlement also provides significant customer benefits, as shown on Slide 9, and supports our existing financial earnings guidance. We're very pleased to be extending the track record of constructive regulatory outcomes to the benefit of all stakeholders. We look forward to a final order likely around the end of the year. We'll now move to our clean energy filings in Virginia as shown on Slide 10.
In September, we made our largest to date, multi-project clean energy rider approval submission. The filing included about 1,000 megawatts of solar and battery storage, and we expect to receive an order from the FCC in the second quarter of 2022. In October, we filed provider cost recovery for the capital investment associated with extending the lives of our two nuclear units at the Surry Power Station and our two nuclear units at the North Anna Power Station, each for an additional 20 years. These units will be upgraded to continue providing significant environmental and economic benefits for many years to come.
We expect to receive a final order by mid-2022. Lastly, we've made progress on our grid transformation plans. We participated in hearings with the commission. And based on our filings and testimony, the SEC staff supports or does not oppose approval for nearly all of our capital requests.
We expect a final order late this year. Turning to offshore wind, where we have an exciting announcement. Today, we're filing our offshore wind application with the SCC, consistent with the project schedule that we communicated previously. Key project milestones are shown on Slide 11.
The filing will outline the important details of our process and costs, including contractor selection and terms, project components, transmission routing, capacity factors and permitting. Due to the importance of today's filing milestone and especially given the sizable volume of information, which will be included in this filing. I'm going to spend a little more time than normal this morning summarizing the important aspects. Some background.
First, this project represents a viable and needed opportunity for Virginia to achieve its clean energy goals. Once complete in late 2026 and, this project will generate enough clean energy to power up to 660,000 customer homes and avoid as much as five million metric tons of carbon dioxide emissions annually, which is the carbon equivalent of removing more than one million cars off the road each year. Further, the project is essential to meeting the policy goals set forth in the VCEA and other legislation mandating the development and deployment of renewable generation resources. Lastly, as contemplated in the VCEA, this investment will be 100% regulated and eligible for rider recovery.
As a reminder, capital invested under riders allow for more timely recovery of prudently incurred investments and costs. They're filed and trued up annually in single-issue proceedings. In Virginia, rider recovery mechanisms use a forward-looking test period and allow for construction work in progress, all of which minimizes traditional regulatory lag. As outlined on Slide 12, we estimate this project will create hundreds of jobs, hundreds of millions of dollars of economic output and millions of dollars of tax revenue for the state and localities, as well as supporting Virginia in becoming a major hub for the burgeoning offshore wind industry in North America.
For example, last week, Siemens Gamesa announced plans to establish the first offshore wind turbine blade factory in the United States. The facility, located in Hampton Roads, Virginia, will create new jobs and supply turbine blades to offshore wind projects in Virginia and throughout the North American offshore wind industry. Our filing details how we've satisfied the requirements for offshore wind, but let me touch on three key tests required for rider cost recovery. First, we've complied with the competitive procurement and solicitation standards for the project.
Second, our projected levelized cost of energy, or LCOE, of $87 per megawatt hour is substantially lower than the $125 per megawatt hour maximum established by the VCEA. More on that theme in a moment. And third, the VCEA requires that the project's construction commences prior to 2024 for U.S. income tax purposes or as a plan to enter service prior to 2028.
Our project schedule satisfies both milestones. The long-term cost to our customers of this project, which we believe is the most important metric for a regulated project of this nature, is $87 per megawatt hour and remains within previously guided levelized cost of energy range of $80 to $90 per megawatt hour. Potential savings realized through future tax legislation could also be passed on to customers. For example, it's still early, but we estimate that further expansion to tax credits benefiting offshore wind would reduce the cost of our customers to $80 per megawatt hour.
As we've developed the project to its current stage, we've gained critical insights from two primary sources. First, our 12-megawatt pilot project, which consists of the only operating turbines in federal waters, has provided considerable benefit to the development and planning of the full-scale development. For example, the pilot project is providing better information about the wind resources off the coast of Virginia. Initially, we assumed a lifetime capacity factor of 41.5% for the full-scale deployment.
After further evaluation of turbine design and wind resources, in addition to the realtime data we've gathered from our test turbines, we've determined that our original assumption was too low. We've revised the lifetime capacity factor to be 43.3%. This is beneficial both for the project as well as our customers because higher generation will result in a lower LCOE. Secondly, we've contracted with firms that have significant experience in offshore wind farm design, construction and operations to support the project.
When we announced the project in September of 2019, the initial pre-engineering and pre-RFP estimated cost was approximately $8 billion. Since that time, through the process of detailed engineering and most importantly, through competitive solicitations for all components and services, we've now developed a detailed budget of approximately $10 billion. As I've been discussing across several quarterly calls now, the cost increase can be attributed to, among other things, commodity and general cost pressures, which seems to be the case across a number of industries right now; and the completion of the conceptual design phase for the onshore transmission route, which is on through extensive stakeholder engagement with consideration given for resiliency and connection into our existing 500 kV system, as well as to minimize impacts on the surrounding communities, including environmental justice communities, private lands, environment, scenic and historic resources. A summary of the major components of the competitive bidding process are outlined on Slide 14.
These five major agreements collectively represent about $6.9 billion. The remaining project costs include $1.4 billion for onshore transmission substation facilities and currently projected system upgrades as well as approximately $1.5 billion for other project costs, including contingency. The onshore transmission facilities are necessary to interconnect the offshore generation components reliably and to maintain the structural integrity and reliability of the transmission system in compliance with mandatory NERC standards. As we observed within the industry recently, utility systems are only as good as they are resilient.
Our decision to connect this project to the 500 kV transmission system meets these goals and provides the best mechanism to ensure that the project's power will be dispersed and used by customers throughout our service territory. We believe the decisions we're making around onshore engineering configurations will result in the best value for customers. As it relates to our Geneva-compliant wind turbine installation vessel, construction remains on track with delivery expected in late 2023, and we continue to expect it to be an invaluable resource to the growing U.S. offshore wind industry.
Turning to Slide 15. Let me discuss how our project cost compares to the other U.S. offshore wind projects. A few observations.
First, most of these unregulated or merchant projects remain in the permitting and approval process. For our project, I would note that it's the only state-regulated offshore wind project. We've made considerable progress on development to date and remain on track to complete construction in late 2026. Next, these offshore wind projects located up and down the East Coast, obviously differ significantly in their timing or vintage, size and scope.
For example, the announced capital cost and expected LCOEs for some projects include the cost for necessary onshore transmission upgrades and interconnections as our budget does, but some do not. And some headlines focused on the year one PPA pricing for many of these unregulated or merchant projects without reflecting the full cost and incorporating such factors as pricing escalation, which we incorporate. Regardless, we show here a comparison based on publicly available information, including all such factors, of the levelized cost of energy of those merchant projects to our own regulated project. Turning to Slide 16.
Let me address customer rates in Virginia, inclusive of our offshore wind project. First, a reminder that between 2008 and 2020, our typical residential customer rate increased on average by less than 1% per year, which is much lower than the average annual inflation over that period of closer to 2%. Second, based on EIA data, our typical customer rate is 17% lower than the national average and 36% lower than other states that like Virginia have joined Reg G. And third, going forward, we see typical residential rates increasing by a compound annual growth rate of around 2.1% through 2035, which is a comprehensive estimate and includes, among other factors, the impact of the decarbonization investment programs like our offshore wind project discussed today.
If we move the starting point back to 2008, that rate of increase falls to 1.8%, which is lower than projected inflation for 2021. 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, increasingly sustainable and affordable. With that, let me summarize our remarks on Slide 17.
Our safety performance year-to-date is tracking closely to our record-setting achievement from last year. We reported our 23rd consecutive quarterly result that normalized for weather meets or exceeds the midpoint of our guidance range. We narrowed the range of our 2021 earnings guidance and affirmed our existing long-term earnings and our dividend growth guidance. We're focused on executing on project construction and achieving regulatory outcomes that serve our customers and we're aggressively pursuing our vision to be the most sustainable regulated energy company in America.
Lastly, we look forward to seeing many of you next week in person at the EEI Financial Conference. With that, we're ready to take your questions.
Questions & Answers:
Operator
Thank you sir. [Operator instructions] Our first question will come from Shar Pourreza with Guggenheim Partners.
Shar Pourreza -- Guggenheim Partners -- Analyst
Thank you. So Bob or Jim, you got the settlement, which, as you mentioned in the prepared remarks, does derisk even the second triennial review. I guess I just want to touch a little bit on the level of confidence in your plan now? How does that sort of tie into the 6.5% EPS growth target that's been out there? And could we see some changes around the capital program as a result of the settlement maybe when you report year-end result?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes. Thanks, Shar. When we set that 6.5% rate in July of last year, July of 2020, and we were confident then. We were asked some about it, and we said that there's no obviously one input.
We were asked a lot about this triennial at the time. There's no one input to setting a growth rate like that. It's a variety of inputs. And one of the things that we mentioned at the time was we assume that we're going to have constructive regulatory outcomes.
And we've had those. We had one in South Carolina and in North Carolina and in this Virginia triennial. All of that is of supportive that 6.5% growth rate. So we were confident at the time we announced it.
We remain confident. We think we've executed well on regulatory outcomes. And this most recent triennial settlement is a good example of that. The capital, we'll update capital on the fourth quarter call, as we mentioned in our prepared remarks.
So the bottom line is we remain as confident in 6.5% as we did when we announced it.
Shar Pourreza -- Guggenheim Partners -- Analyst
Got it. Got it. And then just lastly, on coastal wind. It's a huge data dump, so I appreciate that incremental color you provided.
The $87 LCOE capital costs are higher. So obviously, you're seeing some cost pressures despite being below the projections and still within the range, right? I think the initial cost, correct me if I'm wrong, was $8 billion. Can you touch on sort of the customer bill impact here as costs are higher, just isolating this project. And it seems that the input cost pressures are kind of widespread.
So how do you sort of think about mitigating factors assuming these cost headwinds have some persistency?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes. So you're right, the capital cost number is that we've estimated earlier, now that we've done all of the competitive bidding process and move from conceptual to firm contracts has gone up some. But as we mentioned, the production expectation, the capacity factor out of this has also gone up as we've gotten more data, which means that the customer bill impact is the same. As we said, it'd be in $80 to $90 per megawatt hour range, and we're squarely within that at $87.
So you can't focus just on the capital input here on a project like this. You also have to focus on how much electricity is it generating since it's going to be generating more than we had previously assumed. That's what lands that customer impact, right, where we've been talking about in the $80 to $90 range.
Shar Pourreza -- Guggenheim Partners -- Analyst
OK. Great. Terrific. Thank you.
Operator
Thank you. Our next question comes from David Peters with Wolfe Research.
David Peters -- Wolfe Research -- Analyst
Hi. Good morning guys. First question I had is just on the recent election outcomes in Virginia. Obviously, a lot of focus there nationally.
And given that you now have a Republican governor and I think the general assembly flipped too, wondering if you could maybe just provide some perspective on what you think may or may not change going forward, particularly with respect to energy policy in the state.
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes. Thanks, David. In the last, if you look back over the last 15 years or so in Virginia, I think the party in power in the Governor's mansion has changed twice. And the Virginia House of delegates, it's changed twice.
And the State Senate, it's changed several times. The Senate wasn't up for election this time. It was the governor and House of delegates. What's remained consistent throughout that period is that our company has maintained constructive relationships with members of both parties.
And we don't see any reason that, that would change. And the reason is that what has remained also consistent over that period and even before is a bipartisan commitment to economic growth and jobs and the economy in Virginia. And if you look at what governor-elect [inaudible] ran on, not surprisingly, given his extensive business background, he ran on a platform of increasing jobs and economic growth. And we obviously support that.
We're going to do everything we can to help him achieve the objectives of growing Virginia's economy. We do that by providing reliable electricity, by keeping energy prices affordable. We've done that over the years. Our reliability and affordability were recognized by the FCC staff in the recent triennial review.
So we have a track record there. So what I would expect is that Virginia will continue that bipartisan commitment to jobs and economic development. As witnessed in the announcement we talked about in our prepared remarks, the Siemens Gamesa offshore wind blade finishing factory, that was the result of bipartisan work. Both parties deserve credit for that kind of job creation in Tidewater, Virginia.
We would expect that that's going to continue going forward.
David Peters -- Wolfe Research -- Analyst
Great. Second question, just switching gears a little bit. Just on kind of what's being proposed in Washington for this potential reconciliation bill. Wondering, Jim, maybe if you could comment on how meaningful something like a direct pay option would be for potentially loosening -- or lessening future equity needs given the many renewable projects that you guys have here kind of [inaudible] come?
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Yes. David, it's a good question. A lot of commentary on that topic so far this earnings season. I've been listening to some of that.
And certainly, the one thing that's come up a lot that it's super hard to speculate on moving target, pending and draft legislation hasn't landed yet. A couple of quarters ago on this call, we were we were speculating as the impacts of a straight-up corporate rate increase, corporate tax rate increase, so how things have changed. But a few thoughts. Hard to say exactly what's going to be in the final version, but it does seem to us that something is going to pass.
So we'll see here the next month or two. We imagine it will include the clean energy tax incentives and the direct pay feature you're talking about. So that kind of thing, an extension of the tax credits and the refundable basis, it's pretty clear that's going to be valuable and will benefit probably both our customers and shareholders, we expect. I mean the incentives are going to reduce the cost of renewables to our customers could accelerate everything we're doing in our clean energy transition and probably provide some pretty nice cash flow features to fund additional capital investment.
So it all seems pretty good. Details to come. Now in the same package, there's the minimum tax. So not too disturbing for us.
We're already a cash taxpayer. Not everybody is. But that's going to be based on GAAP earnings. It doesn't start until '23 as the current proposal.
So it's still early. How exactly that's going to work? There's a lot of detail to come. But even that part, we expect, as part of this overall package, we think it's all pretty manageable within our existing financial profile and financial trajectory. So we'll get more clarity over time.
Maybe next quarter, we can be talking about facts instead of speculation. But it all looks like it's manageable as a package.
David Peters -- Wolfe Research -- Analyst
I appreciate that detail. Thank you.
Operator
Thank you. Our next question comes from Paul Zimbardo with Bank of America.
Unknown speaker
Hi. Good morning. Nice sort of updates overall. I wanted to follow up on Shar's offshore wind question.
How should we think about the earnings potential and also credit considerations from the $2 billion increase in the estimated cost?
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Yes. Paul, let me talk to that. So as we mentioned a couple of times here, we're going to provide a pretty comprehensive update on our fourth quarter call on all those details. We're going to do a one-year roll forward of our capital plan.
And we'll go through everything that's related to that in detail like we did last year -- or early this year. So the increase in the capital cost is one part of the LCOE. The increase in the capital cost on offshore wind, so a couple of things. Keep in mind, that's spread over six years.
So when we do a one-year roll forward, it's going to include that 2026 year. Previous version, it went to '25. So that will be included. But keep in mind there are some other gives and takes, some other moving parts in our plan.
For example, we announced in our IRP in September that we were undertaking a postponement for further evaluation of a couple of things, like some CTs in Virginia and pump storage projects. So that's not in the current version of the near-term plan. So lot of puts and takes. We're going to go through all that on the fourth quarter call.
But for the avoidance of doubt, we expect all those updates are going to be supportive of EPS and dividend growth guidance. But you need to look at it holistically and not just based on the impact of the offshore wind budget alone.
Unknown speaker
OK. Great. That's clear. What import of that update? And then I know you commented on the Questar pipe in prepared remarks.
But if you could elaborate a little bit on the confidence in the transaction closing given some of the uncertainties you mentioned and confirming the counterparty could not proactively pay termination to do the exit? Thank you.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Yes, sure. And let me answer that a little bit higher level just for everyone's benefit, if you're not following maybe as closely. So we mentioned on our last call, very robust participation this auction we ran. We feel very good about the announcement we made in October to sell that asset to Southwest Gas Holdings.
All-cash transaction. Almost $2 billion. And it is on track. We expect that to close this quarter, subject only to HSR clearance.
So yes, there's a lot of back and forth, right, in the press. We get that. But we don't see any impact on our transaction. Our agreement intentionally, on both sides, it's air tight.
Southwest Gas has fully committed financing. It's not dependent on completing equity issuance or anything like that. There are no conditions other than HSR. And there's no kind of provision where they could be terminated early.
So we feel really good about that. Pretty straightforward. So we look forward to closing later this quarter.
Unknown speaker
OK. Very clear. Looking forward to hear that.
Operator
Our next question comes from Jeremy Tonet with J.P. Morgan.
Jeremy Tonet -- J.P. Morgan -- Analyst
Hi. Good morning. Just want to follow up with offshore wind a little bit more here, if I could. Just want to see how do you see customer bill impacts to the completion of this initial offshore wind phase? And just thinking what would be the bill impact under the $80 LCOE scenario? I think you might have touched on there with tax credits.
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes. Obviously, that would improve the customer bill impact associated with the project. As you correctly identified, if there's tax benefit, that get passed on to customers. We're still sorting through that.
But again, based on the inputs that we've defined here, we're just staying right in that $80 to $90 range. So we get the lower end, better for customers. And obviously, we'll have to see how that plays out.
Jeremy Tonet -- J.P. Morgan -- Analyst
Got it. And then just understanding there's a cost focus with the offshore wind here. Could you outline how the economic benefits in supplier agreements you outlined have evolved since this project was first announced?
Bob Blue -- Chairman, President, and Chief Executive Officer
Yes. I think that they've evolved to be pretty consistent with what we expected when the project was first announced. So we had a pretty good idea of what will be involved in terms of construction and construction onshore for the electric transmission. There may be some additional benefits probably with onshore electrical because that's going to be given what we had to do to route this and to make sure we're connecting to the 500 kV.
That's part of what's driving the overall capital cost being greater. So bigger investment there. More job creation there. But I think the bottom line is this is going to be good for the Hampton Roads economy, good for the Virginia economy.
And I think that, that Siemens Gamesa announcement is really important because it starts the process here in Virginia, a state that is very well positioned, given its location on the East Coast, given its port and the access to the port, unobstructed by bridges and the Deepwater port, to be a real hub of offshore wind economic activity. We certainly support that. We supported that in working with Siemens Gamesa to put that blade factory here. So the more the better.
Jeremy Tonet -- J.P. Morgan -- Analyst
Got it. Maybe just one last quick one, if I could. Could you speak a bit more to the RNG and hydrogen pilots how they progressed over the past quarter?
Diane Leopold -- Chief Operating Officer
Jeremy, this is Diane Leopold. I'll take that one. So our program, I think, is far beyond the pilot now and we're up and running. We have one project that's already in service.
So obviously, starting very small. But we have five projects that are under construction now, two of which should be entering service in the next couple of months and four more that are expected to be under construction by year-end. This is across both our swine and our dairy projects. All projects are going well, on time, on budget, and we're expecting to keep up that rough pace next year.
So that's on the R&D side. On hydrogen, that certainly is at the pilot phase. Our Utah pilot, which was at a training facility in Salt Lake City, is just about complete. And the tests focused on residential and used appliances, leak survey equipment, nitrous oxide emissions, the results of those tests confirm that 5% hydrogen blend would not adversely affect the distribution system.
All appliances operated safely. There weren't a lot of changes in the system when the hydrogen was added. So we're still doing a few additional tests. We did increase hydrogen blend up to 10% and still did not see any significant impacts from that testing, but we want to keep doing some more testing on final results with that.
So our next steps, we've been looking at several isolated regions on system to do a live test and started the initial design phase. We're meeting with the regulators on our test results and on our planned test. And we'll be meeting with them over the coming months so that we can launch an expanded pilot probably in early 2023. And then finally, as Bob mentioned, North Carolina, we're going to start a similar initial project in North Carolina, subject to commission approval of our settlement.
Jeremy Tonet -- J.P. Morgan -- Analyst
Got it. That's very helpful on the hydrogen project side. I'm looking forward to seeing the team at EEI.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Jeremy, thanks a lot. See you down there.
Operator
[Operator signoff]
Duration: 47 minutes
Call participants:
David McFarland
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Bob Blue -- Chairman, President, and Chief Executive Officer
Shar Pourreza -- Guggenheim Partners -- Analyst
David Peters -- Wolfe Research -- Analyst
Unknown speaker
Jeremy Tonet -- J.P. Morgan -- Analyst
Diane Leopold -- Chief Operating Officer
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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. | Bob Blue -- Chairman, President, and Chief Executive Officer Yes. Next, as a result of our continued focus on both our capital allocation process and on our corporate credit profile, we've elected to monetize additional value from our investment in Cove Point by financing our stake with an attractive nonrecourse term loan. Investors should expect further evidence in support of several fundamental Dominion Energy themes, compelling at earnings and dividend growth, combined with the largest regulated decarbonization opportunity in the industry, and an unyielding focus on extending our track record of successful project regulatory and financial performance. | 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 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 [inaudible] which was completed late last year. | Bob Blue -- Chairman, President, and Chief Executive Officer Yes. The remaining project costs include $1.4 billion for onshore transmission substation facilities and currently projected system upgrades as well as approximately $1.5 billion for other project costs, including contingency. Second, based on EIA data, our typical customer rate is 17% lower than the national average and 36% lower than other states that like Virginia have joined Reg G. And third, going forward, we see typical residential rates increasing by a compound annual growth rate of around 2.1% through 2035, which is a comprehensive estimate and includes, among other factors, the impact of the decarbonization investment programs like our offshore wind project discussed today. | Bob Blue -- Chairman, President, and Chief Executive Officer Yes. Now I'll turn to updates around the execution of our growth plan, as shown on Slide 8. Let me discuss how our project cost compares to the other U.S. offshore wind projects. |
698855.0 | 2021-11-05 00:00:00 UTC | Dominion Energy Affirms Long-term Earnings, Dividend Growth Guidance - Quick Facts | D | https://www.nasdaq.com/articles/dominion-energy-affirms-long-term-earnings-dividend-growth-guidance-quick-facts-2021-11-05 | nan | nan | (RTTNews) - While reporting third-quarter results on Friday, Dominion Energy (D) has narrowed its full-year 2021 operating earnings guidance range to $3.80 to $3.90 per share. Assuming normal weather for the remainder of the year, the company expects operating earnings per share to be above the midpoint of this narrowed guidance range. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.88. Analysts' estimates typically exclude special items. The company also affirmed its long-term earnings and dividend growth guidance.
Dominion Energy targets fourth-quarter operating earnings to be in the range of $0.85 to $0.95 per share. Analysts expect the company to report profit per share of $0.97.
Third quarter operating earnings per share was $1.11 compared to $1.08, a year ago. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.06, for the quarter. Net income attributable to Dominion Energy increased to $654 million from $356 million. Reported income per share from continuing operations was $0.71 compared to $0.42.
Operating revenue declined to $3.18 billion from $3.61 billion, prior year. Analysts on average had estimated $3.96 billion in revenue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - While reporting third-quarter results on Friday, Dominion Energy (D) has narrowed its full-year 2021 operating earnings guidance range to $3.80 to $3.90 per share. Assuming normal weather for the remainder of the year, the company expects operating earnings per share to be above the midpoint of this narrowed guidance range. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.06, for the quarter. | Assuming normal weather for the remainder of the year, the company expects operating earnings per share to be above the midpoint of this narrowed guidance range. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.88. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.06, for the quarter. | (RTTNews) - While reporting third-quarter results on Friday, Dominion Energy (D) has narrowed its full-year 2021 operating earnings guidance range to $3.80 to $3.90 per share. Assuming normal weather for the remainder of the year, the company expects operating earnings per share to be above the midpoint of this narrowed guidance range. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.06, for the quarter. | Assuming normal weather for the remainder of the year, the company expects operating earnings per share to be above the midpoint of this narrowed guidance range. Third quarter operating earnings per share was $1.11 compared to $1.08, a year ago. Analysts on average had estimated $3.96 billion in revenue. |
698856.0 | 2021-11-05 00:00:00 UTC | Dominion Energy, Inc. Q3 adjusted earnings Beat Estimates | D | https://www.nasdaq.com/articles/dominion-energy-inc.-q3-adjusted-earnings-beat-estimates-2021-11-05 | nan | nan | (RTTNews) - Dominion Energy, Inc. (D) released earnings for its third quarter that climbed from the same period last year.
The company's earnings totaled $654 million, or $0.79 per share. This compares with $356 million, or $0.41 per share, in last year's third quarter.
Excluding items, Dominion Energy, Inc. reported adjusted earnings of $918 million or $1.11 per share for the period.
Analysts had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 11.9% to $3.18 billion from $3.61 billion last year.
Dominion Energy, Inc. earnings at a glance:
-Earnings (Q3): $918 Mln. vs. $916 Mln. last year. -EPS (Q3): $1.11 vs. $1.08 last year. -Analysts Estimate: $1.06 -Revenue (Q3): $3.18 Bln vs. $3.61 Bln last year.
-Guidance: Next quarter EPS guidance: $0.85 to $0.95 Full year EPS guidance: $3.80 to $3.90
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) released earnings for its third quarter that climbed from the same period last year. Excluding items, Dominion Energy, Inc. reported adjusted earnings of $918 million or $1.11 per share for the period. Analysts had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. | Excluding items, Dominion Energy, Inc. reported adjusted earnings of $918 million or $1.11 per share for the period. -Guidance: Next quarter EPS guidance: $0.85 to $0.95 Full year EPS guidance: $3.80 to $3.90 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) released earnings for its third quarter that climbed from the same period last year. | (RTTNews) - Dominion Energy, Inc. (D) released earnings for its third quarter that climbed from the same period last year. Excluding items, Dominion Energy, Inc. reported adjusted earnings of $918 million or $1.11 per share for the period. -Guidance: Next quarter EPS guidance: $0.85 to $0.95 Full year EPS guidance: $3.80 to $3.90 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Excluding items, Dominion Energy, Inc. reported adjusted earnings of $918 million or $1.11 per share for the period. (RTTNews) - Dominion Energy, Inc. (D) released earnings for its third quarter that climbed from the same period last year. The company's earnings totaled $654 million, or $0.79 per share. |
698857.0 | 2021-11-05 00:00:00 UTC | Dominion Energy Q3 21 Earnings Conference Call At 10:00 AM ET | D | https://www.nasdaq.com/articles/dominion-energy-q3-21-earnings-conference-call-at-10%3A00-am-et-2021-11-05 | nan | nan | (RTTNews) - Dominion Energy, Inc.. (D) will host a conference call at 10:00 AM ET on Nov. 5, 2021, to discuss Q3 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 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 26658770#.
For a replay call, dial 1-877-919-4059 (US) or 1-334-323-0140 (International) with pin 81282128.
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) will host a conference call at 10:00 AM ET on Nov. 5, 2021, to discuss Q3 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 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 26658770#. For a replay call, dial 1-877-919-4059 (US) or 1-334-323-0140 (International) with pin 81282128. | To access the live webcast, log on to https://investors.dominionenergy.com/events-and-presentations/default.aspx To listen to the call, dial 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 26658770#. For a replay call, dial 1-877-919-4059 (US) or 1-334-323-0140 (International) with pin 81282128. 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) will host a conference call at 10:00 AM ET on Nov. 5, 2021, to discuss Q3 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 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 26658770#. 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) will host a conference call at 10:00 AM ET on Nov. 5, 2021, to discuss Q3 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 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 26658770#. For a replay call, dial 1-877-919-4059 (US) or 1-334-323-0140 (International) with pin 81282128. |
698858.0 | 2021-11-04 00:00:00 UTC | Pre-Market Earnings Report for November 5, 2021 : ENB, D, JCI, TRP, SRE, TU, MGA, VTR, DKNG, ELAN, BEP, KIM | D | https://www.nasdaq.com/articles/pre-market-earnings-report-for-november-5-2021-%3A-enb-d-jci-trp-sre-tu-mga-vtr-dkng-elan | nan | nan | The following companies are expected to report earnings prior to market open on 11/05/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Enbridge Inc (ENB)is reporting for the quarter ending September 30, 2021. The oil (production/pipeline) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.46. This value represents a 27.78% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ENB is 18.82 vs. an industry ratio of 16.00, 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 September 30, 2021. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.06. This value represents a 1.85% decrease 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 19.45 vs. an industry ratio of 22.30.
Johnson Controls International plc (JCI)is reporting for the quarter ending September 30, 2021. The protection safety company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.87. This value represents a 14.47% increase compared to the same quarter last year. In the past year JCI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for JCI is 27.34 vs. an industry ratio of 1.30, implying that they will have a higher earnings growth than their competitors in the same industry.
TC Energy Corporation (TRP)is reporting for the quarter ending September 30, 2021. The alternative energy company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.79. This value represents a 11.27% increase compared to the same quarter last year. In the past year TRP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 14.47%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for TRP is 15.59 vs. an industry ratio of -10.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Sempra (SRE)is reporting for the quarter ending September 30, 2021. The gas distribution company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.70. This value represents a 29.77% increase compared to the same quarter last year. SRE missed the consensus earnings per share in the 3rd calendar quarter of 2020 by -10.88%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for SRE is 15.54 vs. an industry ratio of 71.80.
TELUS Corporation (TU)is reporting for the quarter ending September 30, 2021. The diversified company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.23. This value represents a 9.52% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for TU is 26.24 vs. an industry ratio of 23.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Magna International, Inc. (MGA)is reporting for the quarter ending September 30, 2021. The auto (truck) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.75. This value represents a 61.54% decrease compared to the same quarter last year. MGA missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -2.78%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MGA is 14.47 vs. an industry ratio of 5.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Ventas, Inc. (VTR)is reporting for the quarter ending September 30, 2021. The reit company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.73. This value represents a 2.67% decrease compared to the same quarter last year. In the past year VTR has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.39%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for VTR is 18.85 vs. an industry ratio of 26.20.
DraftKings Inc. (DKNG)is reporting for the quarter ending September 30, 2021. The gaming company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-1.11. This value represents a 13.27% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DKNG is -14.32 vs. an industry ratio of -5.60.
Elanco Animal Health Incorporated (ELAN)is reporting for the quarter ending September 30, 2021. The medical (outpatient/home care) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.17. This value represents a 30.77% increase compared to the same quarter last year. In the past year ELAN has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 7.69%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ELAN is 32.22 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Brookfield Renewable Partners L.P. (BEP)is reporting for the quarter ending September 30, 2021. The electric power utilities company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.04. This value represents a 86.21% increase compared to the same quarter last year. The last two quarters BEP had negative earnings surprises; the latest report they missed by -333.33%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for BEP is -110.78 vs. an industry ratio of 22.30.
Kimco Realty Corporation (KIM)is reporting for the quarter ending September 30, 2021. The reit company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.30. This value represents a 20.00% increase compared to the same quarter last year. KIM missed the consensus earnings per share in the 3rd calendar quarter of 2020 by -3.85%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for KIM is 18.61 vs. an industry ratio of 16.00, 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. | The following companies are expected to report earnings prior to market open on 11/05/2021. Visit our Earnings Calendar for a full list of expected earnings releases. Enbridge Inc (ENB)is reporting for the quarter ending September 30, 2021. | Zacks Investment Research reports that the 2021 Price to Earnings ratio for ENB is 18.82 vs. an industry ratio of 16.00, 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 11/05/2021. Visit our Earnings Calendar for a full list of expected earnings releases. | Zacks Investment Research reports that the 2021 Price to Earnings ratio for JCI is 27.34 vs. an industry ratio of 1.30, 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 TRP is 15.59 vs. an industry ratio of -10.20, 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 ELAN is 32.22 vs. an industry ratio of 13.70, 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 11/05/2021. Visit our Earnings Calendar for a full list of expected earnings releases. Enbridge Inc (ENB)is reporting for the quarter ending September 30, 2021. |
698859.0 | 2021-11-04 00:00:00 UTC | Daily Dividend Report: OXY,BDX,PXD,ADM,CME,D | D | https://www.nasdaq.com/articles/daily-dividend-report%3A-oxybdxpxdadmcmed-2021-11-04 | nan | nan | Occidental said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on January 14, 2022, to stockholders of record as of December 10, 2021.
The Board of Directors of Becton, Dickinson and Company has declared a quarterly dividend of $0.87 per common share, an increase of 4.8% from the previous quarter. The dividend will be payable on Dec. 31, 2021 to holders of record on Dec. 10, 2021. The indicated annual dividend rate for fiscal year 2022 is $3.48 per share. This dividend increase marks the 50th consecutive year and maintains BD's membership in the S&P 500 Dividend Aristocrats Index, which tracks companies that have increased dividends for at least 25 consecutive years.
Pioneer Natural Resources announced today that its Board of Directors declared a quarterly cash variable dividend of $3.02 per share on Pioneer's outstanding common stock, representing approximately $740 million of capital returned to shareholders and a 100% increase when compared to the variable dividend declared in the prior quarter. The variable dividend is payable December 14, 2021, to stockholders of record at the close of business on November 30, 2021. The fourth quarter variable dividend payout represents approximately 75% of the Company's third quarter free cash flow1 after payment of the base dividend in July 2021.
ADM's Board of Directors has declared a cash dividend of 37.0 cents per share on the company's common stock. The dividend is payable on Dec. 8, 2021, to shareholders of record on Nov. 17, 2021. This is ADM's 360th consecutive quarterly payment, a record of 90 years of uninterrupted dividends. As of Sept. 30, 2021, there were 559,439,770 shares of ADM common stock outstanding.
CME Group, the world's leading and most diverse derivatives marketplace, today declared a fourth-quarter dividend of $0.90 per share. The dividend is payable December 28, 2021, to shareholders of record as of December 10, 2021.
The board of directors of Dominion Energy has declared a quarterly dividend of 63 cents per share of common stock. Dividends are payable on Dec. 20, 2021, to shareholders of record at the close of business Dec. 3, 2021. This is the 375th consecutive dividend that Dominion Energy or its predecessor company has paid holders of common stock.
VIDEO: Daily Dividend Report: OXY,BDX,PXD,ADM,CME,D
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Occidental said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on January 14, 2022, to stockholders of record as of December 10, 2021. Pioneer Natural Resources announced today that its Board of Directors declared a quarterly cash variable dividend of $3.02 per share on Pioneer's outstanding common stock, representing approximately $740 million of capital returned to shareholders and a 100% increase when compared to the variable dividend declared in the prior quarter. CME Group, the world's leading and most diverse derivatives marketplace, today declared a fourth-quarter dividend of $0.90 per share. | Pioneer Natural Resources announced today that its Board of Directors declared a quarterly cash variable dividend of $3.02 per share on Pioneer's outstanding common stock, representing approximately $740 million of capital returned to shareholders and a 100% increase when compared to the variable dividend declared in the prior quarter. ADM's Board of Directors has declared a cash dividend of 37.0 cents per share on the company's common stock. The board of directors of Dominion Energy has declared a quarterly dividend of 63 cents per share of common stock. | Occidental said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on January 14, 2022, to stockholders of record as of December 10, 2021. This dividend increase marks the 50th consecutive year and maintains BD's membership in the S&P 500 Dividend Aristocrats Index, which tracks companies that have increased dividends for at least 25 consecutive years. Pioneer Natural Resources announced today that its Board of Directors declared a quarterly cash variable dividend of $3.02 per share on Pioneer's outstanding common stock, representing approximately $740 million of capital returned to shareholders and a 100% increase when compared to the variable dividend declared in the prior quarter. | Occidental said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on January 14, 2022, to stockholders of record as of December 10, 2021. ADM's Board of Directors has declared a cash dividend of 37.0 cents per share on the company's common stock. This is ADM's 360th consecutive quarterly payment, a record of 90 years of uninterrupted dividends. |
698860.0 | 2021-11-02 00:00:00 UTC | Equitrans sees Mountain Valley natgas pipeline entering service next summer | D | https://www.nasdaq.com/articles/equitrans-sees-mountain-valley-natgas-pipeline-entering-service-next-summer-2021-11-02 | nan | nan | Nov 2 (Reuters) - U.S. pipeline company Equitrans Midstream Corp ETRN.N said on Tuesday the venture building the $6.2 billion Mountain Valley natural gas pipeline from West Virginia to Virginia still expects the project to enter service in the summer of 2022.
Mountain Valley is one of several U.S. pipelines delayed by regulatory and legal fights with environmental and local groups that found problems with federal permits issued during President Donald Trump's administration.
When Mountain Valley construction started in February 2018, Equitrans estimated the 303-mile (488-km), 2.0-billion-cubic-feet-per-day (bcfd) project would cost about $3.5 billion and enter service by late 2018.
Equitrans said in its third-quarter earnings release that it expects environmental regulators in West Virginia and Virginia to complete their water quality reviews by Nov. 29 and Dec. 31, respectively, allowing the project to stick with its targeted summer 2022 start date.
Those so called Section 401 water quality certifications cover about 300 water crossings.
Equitrans, which has a roughly 47.8% ownership interest in Mountain Valley and will operate the pipe, said it has funded about $2.4 billion of the project as of Sept. 30.
Based on Mountain Valleys' targeted in-service date, Equitrans said it expects to start construction of the 75-mile (121-km) Mountain Valley Southgate extension from Virginia to North Carolina in 2022, which will allow that project to enter service in the spring of 2023.
Southgate will cost about $450 million to $500 million and is backed by a 0.3-bcfd commitment from Dominion Energy Inc's D.N North Carolina unit.
Equitrans, which owns 47.2% of Southgate and will operate the pipe, said it could be expanded to provide up to 0.9 bcfd of gas.
The Mountain Valley venture is owned by units of Equitrans, NextEra Energy Inc NEE.N, Consolidated Edison Inc ED.N, AltaGas Ltd ALA.TO and RGC Resources Inc RGCO.O.
RGC sees Mountain Valley gas pipeline completion by end 2021 -CEO
MVP Southgate natgas pipe startup seen in 2021 despite N.Carolina permit denial
UPDATE 1-Panel favors Equitrans in EQT PA-WV Hammerhead natgas pipe dispute
FACTBOX-U.S. new natural gas pipeline projects
EXPLAINER-U.S. Appalachian gas pipeline projects go by the wayside
UPDATE 2-Mountain Valley natgas pipeline start delayed to summer 2022
(Reporting by Scott DiSavino Editing by Paul Simao)
((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | Mountain Valley is one of several U.S. pipelines delayed by regulatory and legal fights with environmental and local groups that found problems with federal permits issued during President Donald Trump's administration. When Mountain Valley construction started in February 2018, Equitrans estimated the 303-mile (488-km), 2.0-billion-cubic-feet-per-day (bcfd) project would cost about $3.5 billion and enter service by late 2018. The Mountain Valley venture is owned by units of Equitrans, NextEra Energy Inc NEE.N, Consolidated Edison Inc ED.N, AltaGas Ltd ALA.TO and RGC Resources Inc RGCO.O. | Nov 2 (Reuters) - U.S. pipeline company Equitrans Midstream Corp ETRN.N said on Tuesday the venture building the $6.2 billion Mountain Valley natural gas pipeline from West Virginia to Virginia still expects the project to enter service in the summer of 2022. Based on Mountain Valleys' targeted in-service date, Equitrans said it expects to start construction of the 75-mile (121-km) Mountain Valley Southgate extension from Virginia to North Carolina in 2022, which will allow that project to enter service in the spring of 2023. RGC sees Mountain Valley gas pipeline completion by end 2021 -CEO MVP Southgate natgas pipe startup seen in 2021 despite N.Carolina permit denial UPDATE 1-Panel favors Equitrans in EQT PA-WV Hammerhead natgas pipe dispute FACTBOX-U.S. new natural gas pipeline projects EXPLAINER-U.S. Appalachian gas pipeline projects go by the wayside UPDATE 2-Mountain Valley natgas pipeline start delayed to summer 2022 (Reporting by Scott DiSavino Editing by Paul Simao) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | Nov 2 (Reuters) - U.S. pipeline company Equitrans Midstream Corp ETRN.N said on Tuesday the venture building the $6.2 billion Mountain Valley natural gas pipeline from West Virginia to Virginia still expects the project to enter service in the summer of 2022. Based on Mountain Valleys' targeted in-service date, Equitrans said it expects to start construction of the 75-mile (121-km) Mountain Valley Southgate extension from Virginia to North Carolina in 2022, which will allow that project to enter service in the spring of 2023. RGC sees Mountain Valley gas pipeline completion by end 2021 -CEO MVP Southgate natgas pipe startup seen in 2021 despite N.Carolina permit denial UPDATE 1-Panel favors Equitrans in EQT PA-WV Hammerhead natgas pipe dispute FACTBOX-U.S. new natural gas pipeline projects EXPLAINER-U.S. Appalachian gas pipeline projects go by the wayside UPDATE 2-Mountain Valley natgas pipeline start delayed to summer 2022 (Reporting by Scott DiSavino Editing by Paul Simao) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | Nov 2 (Reuters) - U.S. pipeline company Equitrans Midstream Corp ETRN.N said on Tuesday the venture building the $6.2 billion Mountain Valley natural gas pipeline from West Virginia to Virginia still expects the project to enter service in the summer of 2022. Based on Mountain Valleys' targeted in-service date, Equitrans said it expects to start construction of the 75-mile (121-km) Mountain Valley Southgate extension from Virginia to North Carolina in 2022, which will allow that project to enter service in the spring of 2023. Equitrans, which owns 47.2% of Southgate and will operate the pipe, said it could be expanded to provide up to 0.9 bcfd of gas. |
698861.0 | 2021-11-01 00:00:00 UTC | Monday Sector Laggards: Financial, Utilities | D | https://www.nasdaq.com/articles/monday-sector-laggards%3A-financial-utilities-2021-11-01 | nan | nan | In afternoon trading on Monday, Financial stocks are the worst performing sector, up 0.2%. Within the sector, Aon plc (Symbol: AON) and Arthur J. Gallagher & Co. (Symbol: AJG) are two large stocks that are lagging, showing a loss of 4.3% and 3.1%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.2% on the day, and up 37.76% year-to-date. Aon plc, meanwhile, is up 45.89% year-to-date, and Arthur J. Gallagher & Co. is up 32.42% year-to-date. Combined, AON and AJG make up approximately 1.6% of the underlying holdings of XLF.
The next worst performing sector is the Utilities sector, higher by 0.3%. Among large Utilities stocks, American Water Works Co, Inc. (Symbol: AWK) and Dominion Energy Inc (Symbol: D) are the most notable, showing a loss of 1.1% and 0.8%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.2% in midday trading, and up 9.20% on a year-to-date basis. American Water Works Co, Inc., meanwhile, is up 13.41% year-to-date, and Dominion Energy Inc is up 2.65% year-to-date. Combined, AWK and D make up approximately 9.3% of the underlying holdings of XLU.
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 Monday. As you can see, nine sectors are up on the day, while none of the sectors are down.
SECTOR % CHANGE
Energy +2.1%
Services +1.2%
Consumer Products +1.1%
Materials +0.8%
Utilities +0.3%
Healthcare +0.3%
Technology & Communications +0.3%
Industrial +0.3%
Financial +0.2%
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. | In afternoon trading on Monday, Financial stocks are the worst performing sector, up 0.2%. 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 Monday. Energy +2.1% Services +1.2% Consumer Products +1.1% Materials +0.8% Utilities +0.3% Healthcare +0.3% Technology & Communications +0.3% Industrial +0.3% Financial +0.2% 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. | Within the sector, Aon plc (Symbol: AON) and Arthur J. Gallagher & Co. (Symbol: AJG) are two large stocks that are lagging, showing a loss of 4.3% and 3.1%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.2% on the day, and up 37.76% year-to-date. Among large Utilities stocks, American Water Works Co, Inc. (Symbol: AWK) and Dominion Energy Inc (Symbol: D) are the most notable, showing a loss of 1.1% and 0.8%, respectively. | Within the sector, Aon plc (Symbol: AON) and Arthur J. Gallagher & Co. (Symbol: AJG) are two large stocks that are lagging, showing a loss of 4.3% and 3.1%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.2% on the day, and up 37.76% year-to-date. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.2% in midday trading, and up 9.20% on a year-to-date basis. | Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 0.2% on the day, and up 37.76% year-to-date. Aon plc, meanwhile, is up 45.89% year-to-date, and Arthur J. Gallagher & Co. is up 32.42% year-to-date. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.2% in midday trading, and up 9.20% on a year-to-date basis. |
698862.0 | 2021-10-25 00:00:00 UTC | 7 Retirement Stocks to Scoop Up if the Asset Bubble Bursts | D | https://www.nasdaq.com/articles/7-retirement-stocks-to-scoop-up-if-the-asset-bubble-bursts-2021-10-25 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The pandemic has had many distinct features, one of which is the bounce-back effect. Investors who braved shockingly low valuations in early spring — for anything from retirement stocks to speculative fare — have since been rewarded for their boldness. However, the fact valuations continue to swing higher is now raising alarms about a possible asset bubble.
Of course, the prospect of an unsustainable rise is nothing new. Back in September 2020, Reuters reported that the Federal Reserve was “not going to break a sweat fretting about future asset bubbles.” The Fed stood ready to print its way out of trouble, which boded well for the capital valuations of retirement stocks. Further, in some circumstances, retirement stocks with higher-than-average dividends even fare well during inflationary periods. Still, stepping on the gas was never indefinitely feasible. After a year in the fast lane, the Fed is now concerned about the risks.
As such, it’s now possible that we’re on the verge of an asset bubble. Simply put, the intensity of this broader rally — not just in equities but also cryptocurrencies, housing, used cars, toilet paper, you name it — seems quite antithetical to the real fear on Main Street. If the economy was substantively on the mend, you’d expect money velocity to recover. It hasn’t, which suggests trouble ahead.
7 of the Best Dividend Stocks for Passive Income
To be clear, I’m not saying a bubble is guaranteed to burst, nor that we’re definitely in one. However, investors should note the mounting evidence. And it’s not just U.S. analysts that are sounding the alarm. So, should the worst happen, make sure to snag some of these retirement picks on the discount:
Dominion Energy (NYSE:D)
National Storage Affiliates Trust (NYSE:NSA)
Archer-Daniels-Midland (NYSE:ADM)
Boeing (NYSE:BA)
Booz Allen Hamilton (NYSE:BAH)
Aflac (NYSE:AFL)
IBM (NYSE:IBM)
Retirement Stocks to Buy: Dominion Energy (D)
Source: ying / Shutterstock.com
While the utilities sector may be a bit of an obvious choice for retirement stocks, a lack of creativity doesn’t necessarily denote a poor idea. Indeed, when the strategy requires cash flow to enjoy your golden years, creativity runs the risk of turning into a liability.
If you want creative, go check out some blockchain-based initiatives and their associated cryptocurrencies. But if you want stability? Check out Dominion Energy and D stock.
Operating in 16 states and providing energy services to over 7 million customers, Dominion represents an indelible opportunity. With most everyone dependent on electricity — and digitalized technologies, for that matter — the company simply makes sense as a pick to bank on.
Even better, Dominion Energy is now focusing resources on relevant technologies such as battery storage. Considering how heavily interested the upcoming generation is on ESG (environmental, social, governance) investing, the company is making the necessary decisions to ensure that it thrives decades into the future.
National Storage Affiliates Trust (NSA)
Source: Shutterstock
Although society emphasizes the importance of millennials when making business and investment decisions, you don’t want to ignore baby boomers. For one thing, the World Health Organization (WHO) notes that people worldwide are living longer. That means this demographic will be sticking around for years to come.
Secondly, though, baby boomers are downsizing. Because many don’t need a big house anymore, they’re offloading unnecessary square footage to younger buyers, offering a key amelioration in the wild housing market
Still, their stuff has to go somewhere. And that’s where National Storage Affiliates Trust comes in as an enticing idea for retirement stocks.
Structured as a real estate investment trust (REIT), National Storage focuses on the ownership, operation and acquisition of high-quality self-storage facilities located within high-growth markets. This latter point is key. After all, real estate is all about location, location, location.
7 Stocks to Buy on Any Stock Market Dips
Combined with the years (if not decades) of downsizing ahead, NSA stock is a smart option should the asset bubble burst.
Retirement Stocks to Buy: Archer-Daniels-Midland (ADM)
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Source: Katherine Welles / Shutterstock.com
Before we go any further, I would like to remind readers that my occupational security depends on a robust market. So, please don’t think that I’m the grim reaper of bull markets. If I’m wrong about an asset bubble burst, I’ll be celebrating alongside all you optimists, too.
At the same time, though, I wholeheartedly believe that the positive-thinking industry has turned somewhat toxic. Like it or not, you’ve got to be realistic about life and the markets. And that’s a great segue into our next pick: Archer-Daniels-Midland.
Normally counted among the boring retirement stocks (ADM is a food-processing and commodities-trading specialist), the impact of Covid-19 has forced everyone to reconsider their priorities. For instance, last year the supply chain disruption affecting food distribution across the U.S. made us all realize how precious sustenance is.
Therefore, if the bubble pops and you find ADM stock on discount, I recommend picking it up. It’s not like food is going out of style. And with the company’s investments in plant-based protein, this old dog is becoming more and more relevant, too.
Boeing (BA)
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Source: vaalaa / Shutterstock.com
Let’s be clear from the get-go for this next name: I don’t think you should buy Boeing shares right now. This pick was one of the worst-hit retirement stocks when the pandemic first hit the United States. Plus, Boeing was already courting controversy with the faulty software in its 737 Max plane.
As if these two pieces weren’t enough, though, this company has also had to make drastic changes. For instance, BA suspended its dividend. Moreover, back in April 2020, Financial Times suggested that it could take “years” for the payouts to return.
So, obviously BA stock isn’t off to a great start. That said, we should also consider the forward-looking nature of retirement stocks to buy.
7 Housing Stocks to Buy to Keep You Ahead of Inflation
The broader irony about Boeing is that its success was largely based on globalization — the same globalization that allowed Covid-19 to spread so quickly. But this too shall pass. While I’m not sure exactly when or how the pandemic will pan out, I’m pretty sure Boeing will still be around no matter what.
Retirement Stocks to Buy: Booz Allen Hamilton (BAH)
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Source: Jer123 / Shutterstock.com
Next up on this list of retirement stocks is BAH stock. Of course, mitigating the damage of the pandemic has been a major focus around the world for nearly two years now. However, the global health crisis didn’t stop our other problems, in particular the digital threats that we face day to day.
For example, one of the biggest cyberattacks in recent memory happened just this past May: the Colonial Pipeline breach. As a precautionary measure, Colonial had to shut down its pipeline altogether to ascertain the damage. Specifically, the company was trying to determine if hackers had gained access to more sensitive data to exploit additional vulnerabilities.
Sure, the general public might now think the matter is resolved. However, cybersecurity experts are worried about a new threat looming over the horizon: killware. Whereas ransomware attacks seek to gain profit, killware is all about causing disruption and “literally end[ing] lives,” as USA Today puts it.
Of course, the U.S. can’t wait around to see what will happen next. That makes Booz Allen Hamilton an ideal play among retirement stocks. Thanks to the company’s vast array of digital solutions — including cybersecurity for enterprises, government agencies and critical infrastructures — BAH should be indefinitely relevant moving forward.
Aflac (AFL)
Source: Ken Wolter / Shutterstock.com
While not the most exciting category available, when it comes to retirement stocks, blue-chip insurance firms have plenty to like. Thanks to their vast resources and emphasis on risk mitigation, you’re not going to see too many wild movements. True, that’s not great if you’re seeking growth. But stability is really the name of the game here.
That said, the Covid-19 crisis might also give companies like Aflac a leg up in terms of prominence when compared to other retirement picks. As the World Economic Forum mentions, the pandemic forced businesses to rethink workplace safety protocols and standards. Moreover, the pandemic has likely also forced individuals to consider protecting what’s most important: family.
7 Blue Chips to Shield Your Portfolio From Market Downturn
To that extent, Aflac’s supplemental insurance programs have essentially received a free organic marketing opportunity. Yes, your “regular” health insurance policy may cover most of your expenses for unforeseen incidents. But you may also be left paying hefty bills out of pocket. Given the random nature of Covid-19, the crisis has emphasized the value of covering your bases. That should definitely benefit AFL stock.
Retirement Stocks to Buy: IBM (IBM)
Source: shutterstock.com/LCV
As a precautionary measure, I’m going to stick IBM last on this list of retirement stocks for an asset-bubble burst. While I like the long-term recovery story here, this equity unit took a beating on the Oct. 21 session, shedding nearly 10% of its market value.
The culprit? Big Blue’s third-quarter earnings report. The results disappointed Wall Street, which was looking for revenue of nearly $17.8 billion. Instead, the legacy tech firm posted sales of $17.6 billion. While that may be a small miss on the calculator, the issue was that IBM’s cloud and cognitive software division failed to drive the gains the market had expected.
Unfortunately, because IBM remains a high-profile organization, the miss shone a spotlight on the venerable Dow Jones index. A day prior, the benchmark had hit a record high, but IBM’s red session contributed to a slight softening for the Dow.
However, we’re ultimately talking about one session and one quarter. Over the long run, if you can grab IBM stock at a discount, it might be well worth it. This company’s pivot into relevant cloud and software solutions — along with other high-demand sectors like artificial intelligence (AI) and cybersecurity — offers significant reassurances.
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.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
The post 7 Retirement Stocks to Scoop Up if the Asset Bubble Bursts 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. | Back in September 2020, Reuters reported that the Federal Reserve was “not going to break a sweat fretting about future asset bubbles.” The Fed stood ready to print its way out of trouble, which boded well for the capital valuations of retirement stocks. National Storage Affiliates Trust (NSA) Source: Shutterstock Although society emphasizes the importance of millennials when making business and investment decisions, you don’t want to ignore baby boomers. Structured as a real estate investment trust (REIT), National Storage focuses on the ownership, operation and acquisition of high-quality self-storage facilities located within high-growth markets. | So, should the worst happen, make sure to snag some of these retirement picks on the discount: Dominion Energy (NYSE:D) National Storage Affiliates Trust (NYSE:NSA) Archer-Daniels-Midland (NYSE:ADM) Boeing (NYSE:BA) Booz Allen Hamilton (NYSE:BAH) Aflac (NYSE:AFL) National Storage Affiliates Trust (NSA) Source: Shutterstock Although society emphasizes the importance of millennials when making business and investment decisions, you don’t want to ignore baby boomers. Retirement Stocks to Buy: Booz Allen Hamilton (BAH) BAH) logo on a corporate building" width="300" height="169"> Source: Jer123 / Shutterstock.com Next up on this list of retirement stocks is BAH stock. | 7 Stocks to Buy on Any Stock Market Dips Combined with the years (if not decades) of downsizing ahead, NSA stock is a smart option should the asset bubble burst. Retirement Stocks to Buy: Booz Allen Hamilton (BAH) BAH) logo on a corporate building" width="300" height="169"> Source: Jer123 / Shutterstock.com Next up on this list of retirement stocks is BAH stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The pandemic has had many distinct features, one of which is the bounce-back effect. | Even better, Dominion Energy is now focusing resources on relevant technologies such as battery storage. 7 Stocks to Buy on Any Stock Market Dips Combined with the years (if not decades) of downsizing ahead, NSA stock is a smart option should the asset bubble burst. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The pandemic has had many distinct features, one of which is the bounce-back effect. |
698863.0 | 2021-10-25 00:00:00 UTC | Icahn asks Southwest Gas to give preference to shareholders on Questar deal financing | D | https://www.nasdaq.com/articles/icahn-asks-southwest-gas-to-give-preference-to-shareholders-on-questar-deal-financing-2021 | nan | nan | Oct 25 (Reuters) - Carl Icahn has asked Southwest Gas Holdings Inc SWX.N to first offer stock to existing shareholders, if the natural gas transporter goes ahead with a plan to raise up to $1 billion to finance its deal to buy Questar Pipelines.
Billionaire activist investor Icahn is trying to gain control of the board of Southwest Gas and replace its chief executive officer, as the company moves forward with the planned Questar acquisition.
Icahn has said the deal will hurt Southwest shareholders.
The activist investor, who has a stake of just under 5% in Southwest Gas, earlier this month announced his intention to launch a proxy contest to replace the company's entire board and commence a tender offer at $75 per share in cash.
Icahn said he plans to file formal documents with the U.S. Securities and Exchange Commission on Wednesday for the tender offer, according to a letter on Monday. (https://bit.ly/3pEG2hJ)
Southwest Gas agreed to buy Questar Pipelines earlier in October from Dominion Energy Inc D.N for $1.54 billion in cash and assume $430 million in debt.
Southwest Gas, which adopted a shareholder rights plan or a "poison pill" a few days later to thwart a push by Icahn to abandon the deal, did not immediately respond to a Reuters request for comment.
(Reporting by Arunima Kumar in Bengaluru; Editing by Shounak Dasgupta)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Billionaire activist investor Icahn is trying to gain control of the board of Southwest Gas and replace its chief executive officer, as the company moves forward with the planned Questar acquisition. The activist investor, who has a stake of just under 5% in Southwest Gas, earlier this month announced his intention to launch a proxy contest to replace the company's entire board and commence a tender offer at $75 per share in cash. Southwest Gas, which adopted a shareholder rights plan or a "poison pill" a few days later to thwart a push by Icahn to abandon the deal, did not immediately respond to a Reuters request for comment. | Billionaire activist investor Icahn is trying to gain control of the board of Southwest Gas and replace its chief executive officer, as the company moves forward with the planned Questar acquisition. The activist investor, who has a stake of just under 5% in Southwest Gas, earlier this month announced his intention to launch a proxy contest to replace the company's entire board and commence a tender offer at $75 per share in cash. (https://bit.ly/3pEG2hJ) Southwest Gas agreed to buy Questar Pipelines earlier in October from Dominion Energy Inc D.N for $1.54 billion in cash and assume $430 million in debt. | Oct 25 (Reuters) - Carl Icahn has asked Southwest Gas Holdings Inc SWX.N to first offer stock to existing shareholders, if the natural gas transporter goes ahead with a plan to raise up to $1 billion to finance its deal to buy Questar Pipelines. Billionaire activist investor Icahn is trying to gain control of the board of Southwest Gas and replace its chief executive officer, as the company moves forward with the planned Questar acquisition. Southwest Gas, which adopted a shareholder rights plan or a "poison pill" a few days later to thwart a push by Icahn to abandon the deal, did not immediately respond to a Reuters request for comment. | Oct 25 (Reuters) - Carl Icahn has asked Southwest Gas Holdings Inc SWX.N to first offer stock to existing shareholders, if the natural gas transporter goes ahead with a plan to raise up to $1 billion to finance its deal to buy Questar Pipelines. Billionaire activist investor Icahn is trying to gain control of the board of Southwest Gas and replace its chief executive officer, as the company moves forward with the planned Questar acquisition. Icahn has said the deal will hurt Southwest shareholders. |
698864.0 | 2021-10-25 00:00:00 UTC | Dominion, Siemens Gamesa plan Virginia offshore wind power hub | D | https://www.nasdaq.com/articles/dominion-siemens-gamesa-plan-virginia-offshore-wind-power-hub-2021-10-25 | nan | nan | By Timothy Gardner
Oct 25 (Reuters) - U.S. power utility Dominion Energy and Spanish turbine maker Siemens Gamesa said on Monday they will build the first U.S. factory to make blades for offshore wind power, part of plans to make a regional supply hub for the industry.
Siemens Gamesa SGREN.MC and Dominion D.N will invest $200 million to build the blade factory in Portsmouth, Virginia, near a marine cargo space Dominion is leasing to build turbines for its project, the Coastal Virginia Offshore Wind project, or CVOW. The factory is expected to be finished around 2025.
Dominion hopes CVOW will be the largest U.S. offshore wind farm of 180, 800-feet-tall (245 m) turbines to be installed nearly 30 miles (48 km)off the Virginia coast. CVOW, expected to be finished in 2026 depending on permits, would have a capacity of 2.6 gigawatts, enough to power 660,000 homes.
"You're seeing pieces coming together to not only support our CVOW project but to support the future of offshore wind on the East Coast," said Mark Mitchell, a Dominion senior vice president for project construction.
CVOW is undergoing an environmental review by the federal Bureau of Ocean Energy Management, expected to be completed in mid-2023. It also needs approval from Virginia.
President Joe Biden has set a goal of 30 gigawatts of offshore wind power by 2030 as part of a plan to decarbonize the power grid by 2035.
Dominion is also leading construction of a $500 million ship to build turbines called the Charybdis, the first in the country that will comply with the Jones Act, a century-old law requiring goods moved between U.S. ports to be carried by domestically built vessels.
Steve Dayney, head of offshore, North America, for Siemens Gamesa, said the blade factory will support about 260 workers.
The factory will supply CVOW with some 500 blades but also look to other projects, much like Siemens Gamesa's blade factory in Hull, UK, is expanding to become a regional hub.
"This is a big step in developing the whole offshore industry and a proof point of all the benefits that offshore can bring to the U.S. as it did ... in other locations, such as Europe or Taiwan," Dayney said.
Terry McAuliffe, a Democrat running in the Nov. 2 election for governor, has been supportive of wind power. Glenn Youngkin, a Republican candidate for governor, supports wind power, but has also said it could raise consumer power bills and has criticized the state's clean energy law.
Dayney said Virginia has been a supporter of offshore wind "from the beginning and we trust that all parties are looking forward to making it a success."
(Reporting by Timothy Gardner; editing by Mark Porter)
((timothy.gardner@thomsonreuters.com; +1 202 380-8348 (Twitter @timogard); Reuters Messaging: timothy.gardner.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. | Dominion hopes CVOW will be the largest U.S. offshore wind farm of 180, 800-feet-tall (245 m) turbines to be installed nearly 30 miles (48 km)off the Virginia coast. Dominion is also leading construction of a $500 million ship to build turbines called the Charybdis, the first in the country that will comply with the Jones Act, a century-old law requiring goods moved between U.S. ports to be carried by domestically built vessels. Steve Dayney, head of offshore, North America, for Siemens Gamesa, said the blade factory will support about 260 workers. | By Timothy Gardner Oct 25 (Reuters) - U.S. power utility Dominion Energy and Spanish turbine maker Siemens Gamesa said on Monday they will build the first U.S. factory to make blades for offshore wind power, part of plans to make a regional supply hub for the industry. Siemens Gamesa SGREN.MC and Dominion D.N will invest $200 million to build the blade factory in Portsmouth, Virginia, near a marine cargo space Dominion is leasing to build turbines for its project, the Coastal Virginia Offshore Wind project, or CVOW. "You're seeing pieces coming together to not only support our CVOW project but to support the future of offshore wind on the East Coast," said Mark Mitchell, a Dominion senior vice president for project construction. | By Timothy Gardner Oct 25 (Reuters) - U.S. power utility Dominion Energy and Spanish turbine maker Siemens Gamesa said on Monday they will build the first U.S. factory to make blades for offshore wind power, part of plans to make a regional supply hub for the industry. Siemens Gamesa SGREN.MC and Dominion D.N will invest $200 million to build the blade factory in Portsmouth, Virginia, near a marine cargo space Dominion is leasing to build turbines for its project, the Coastal Virginia Offshore Wind project, or CVOW. "You're seeing pieces coming together to not only support our CVOW project but to support the future of offshore wind on the East Coast," said Mark Mitchell, a Dominion senior vice president for project construction. | By Timothy Gardner Oct 25 (Reuters) - U.S. power utility Dominion Energy and Spanish turbine maker Siemens Gamesa said on Monday they will build the first U.S. factory to make blades for offshore wind power, part of plans to make a regional supply hub for the industry. Siemens Gamesa SGREN.MC and Dominion D.N will invest $200 million to build the blade factory in Portsmouth, Virginia, near a marine cargo space Dominion is leasing to build turbines for its project, the Coastal Virginia Offshore Wind project, or CVOW. The factory is expected to be finished around 2025. |
698865.0 | 2021-10-19 00:00:00 UTC | S&P 500 Movers: ULTA, PENN | D | https://www.nasdaq.com/articles/sp-500-movers%3A-ulta-penn-2021-10-19 | nan | nan | In early trading on Tuesday, shares of Penn National Gaming topped the list of the day's best performing components of the S&P 500 index, trading up 4.3%. Year to date, Penn National Gaming has lost about 6.7% of its value.
And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 4.9%. Ulta Beauty is showing a gain of 34.6% looking at the year to date performance.
Two other components making moves today are Western Union, trading down 2.7%, and Dominion Energy, trading up 3.5% on the day.
VIDEO: S&P 500 Movers: ULTA, PENN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Year to date, Penn National Gaming has lost about 6.7% of its value. And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 4.9%. Ulta Beauty is showing a gain of 34.6% looking at the year to date performance. | In early trading on Tuesday, shares of Penn National Gaming topped the list of the day's best performing components of the S&P 500 index, trading up 4.3%. Year to date, Penn National Gaming has lost about 6.7% of its value. And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 4.9%. | In early trading on Tuesday, shares of Penn National Gaming topped the list of the day's best performing components of the S&P 500 index, trading up 4.3%. And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 4.9%. Two other components making moves today are Western Union, trading down 2.7%, and Dominion Energy, trading up 3.5% on the day. | In early trading on Tuesday, shares of Penn National Gaming topped the list of the day's best performing components of the S&P 500 index, trading up 4.3%. And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 4.9%. VIDEO: S&P 500 Movers: ULTA, PENN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
698866.0 | 2021-10-15 00:00:00 UTC | 7 Best Long-Term Stocks To Buy and Hold For a Rich Retirement | D | https://www.nasdaq.com/articles/7-best-long-term-stocks-to-buy-and-hold-for-a-rich-retirement-2021-10-15 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Investing for the long-run is a robust approach for building wealth over time. Most seasoned investors would agree that time in the market is more important than timing the market. In other words, if you have a long-term perspective on the stock market and properly diversify your portfolio, it’s nearly always a good time to invest. Therefore, today I will discuss seven long-term stocks to buy and hold for a rich retirement.
Market history shows that over decades, the S&P 500 index has delivered average annual gains of about 8% each year. If we were to see such annual returns in the future, too, the proverbial $5,000 invested now would be worth — without any additions — well over $50,000 in 30 years.
And if that investor were to close out each year by adding $2,400 in additional savings, the total amount would be over $320,000. Investing an extra $2,400 a year would mean about being able to save $7 a day.
Given the increased volatility level in equities, hype about enticing meme stock returns and sky-high cryptocurrency prices, it could feel tempting to go after quick returns in the coming months. But the global economy is still recovering, and it’s now more critical than ever to focus on long-term stocks for a retirement-focused game plan.
7 Best Bargain Stocks to Buy in October
Such an approach involves avoiding the short-term noise that often derails most investors. Market participants need not be scared out of the market because of daily headlines. A longer holding period also provides investors valuable time to ride out the bumps.
With that information, here are seven long-term stocks for buy-and-hold investors that should offer stable and lucrative returns throughout the decade:
Brookfield Infrastructure Partners (NYSE:BIP)
Chevron (NYSE:CVX)
Coca-Cola (NYSE:KO)
Dominion Energy (NYSE:D)
Healthcare Trust of America (NYSE:HTA)
Vanguard Growth Index Fund ETF (NYSEARCA:VUG)
Verizon Communications (NYSE:VZ)
Long-Term Stocks: Brookfield Infrastructure Partners (BIP)
Source: Shutterstock
52-week range: $42.29 – $58.58
Dividend Yield: 3.64%
Brookfield Infrastructure Partners is a master limited partnership (MLP) that owns and operates long-life infrastructure assets that generate stable cash flows. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry.
Brookfield released second-quarter results in early August. Revenue increased 36% YOY to $2.7 billion. The company reported net income of $352 million, or 61 cents per diluted share, compared to a net loss of $61 million, or 25 cents loss per diluted share, in the prior-year quarter. Funds from operations of $394 million reflects an 18% YOY increase. Cash and equivalents ended the period at $1.28 billion.
On the results, CEO Sam Pollock remarked, “Our base business generated strong results in the second quarter, benefiting from the ongoing economic recovery. The recent completion of several large capital recycling initiatives has provided enhanced liquidity to support our robust pipeline of new investments.”
BIP owns water, energy, utility, transportation, and communications infrastructure worldwide. These assets offer essential services that are hard to replicate and generate a stable and recession-proof stream of cash flow.
For investors who prefer to avoid partnership taxes, the firm split its shares to launch Brookfield Infrastructure (NYSE:BIPC). BIPC shares provide an equivalent economic return to BIP shares.
BIP stock offers a dividend yield above 3.6% and is around $56, up 13% year-to-date (YTD). The stock looks cheap, currently trading at 1.6x trailing sales. Given its investment-grade credit rating, Brookfield Infrastructure is an attractive long-term opportunity for income investors.
Chevron (CVX)
Source: Denis Kuvaev / Shutterstock.com
52-week range: $65.16 – $113.11
Dividend Yield: 5%
San Ramon, California-based Chevron is one of the most important oil majors with global exploration, production, and refining operations.
Chevron issued Q2 results in late July. Total revenue came in at $36 billion, up from $16 billion in the year-ago period. Adjusted earnings were $3.3 billion, or $1.71 per diluted share. A year ago, it reported an adjusted loss of $2.9 billion, or $1.56 per diluted share. Free cash flow for the quarter stood at $5.2 billion.
CEO Mike Wirth cited, “Second quarter earnings were strong, reflecting improved market conditions, combined with transformation benefits and merger synergies. Our free cash flow was the highest in two years due to solid operational and financial performance and lower capital spending.”
5 Triple A-Rated Stocks to Buy for October
Chevron is a diversified oil company with solid fundamentals that offers a safe way to capitalize on a sustained oil and gas boom. While the company faces long-term headwinds due to the global transition toward green energy sources, economies around the world still predominantly rely on fossil fuels.
In 2020, Chevron purchased Noble Energy. The acquisition provides the company with low-cost, proven reserves and undeveloped resources that promise to enhance an already robust upstream portfolio.
CVX stock hovers at $107, up 27% YTD. It is trading at 14x forward earnings and 1.8x sales. Given the 5% dividend yield and leading market position, Chevron is a compelling stock for long-term income investors seeking exposure to high oil and gas prices.
Long-Term Stocks: Coca-Cola (KO)
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Source: Fotazdymak / Shutterstock.com
52-week range: $47.30 – $57.56
Dividend Yield: 3.10%
Atlanta, Georgia-based Coca-Cola is the world’s largest nonalcoholic beverage maker, owning and marketing nearly two dozen billion-dollar brands. While close to 70% of Coke’s unit sales are still from sodas, the firm has been diversifying into energy drinks, juices, coffee, and water.
Coca-Cola issued Q2 results in late July. Net revenue grew by 42% YOY to $10.1 billion. Non-GAAP net income came in at $2.9 billion, or 68 cents per diluted share, up from $1.8 billion, or 42 cents per diluted share, in the prior-year quarter. Cash and equivalents ended the period at $9.2 billion.
Following the announcement, CEO James Quincey remarked, “Our results in the second quarter show how our business is rebounding faster than the overall economic recovery, led by our accelerated transformation. As a result, we are encouraged and, despite the asynchronous nature of the recovery, we are raising our full year guidance.”
Coca-Cola is well-positioned to benefit from the global economic recovery now that restaurants, movie theaters, theme parks, and other leisure venues are reopening after the pandemic. The company generates more than 40% of its revenue from developing or emerging markets with rising middle classes and low per-capita soda consumption. Hence, its core business has plenty of room for growth as branded beverages widen their global reach.
KO stock hovers at $54, down 1% YTD. Shares are trading at 22x forward earnings and 6.5x trailing sales. Given its solid prospects, broad distribution network, and global scale, the recent dip in KO stock creates a valuable opportunity to buy a high-quality stock at a discount.
Dominion Energy (D)
D) pick-up truck." width="300" height="169">
Source: ying / Shutterstock.com
52-week range: $67.85 – $86.95
Dividend Yield: 3.47%
Richmond, Virginia-based Dominion Energy is an integrated energy company with approximately 30 gigawatts of electric generation capacity and more than 93,000 miles of electric transmission and distribution lines.
Management released Q2 results in early August. Revenue declined 2% YOY to $ 3.04 billion. Net income came in at $285 million, or 33 cents per diluted share, compared with a net loss of $1.2 billion, or $1.52 per diluted share, in the prior-year quarter.
In July 2020, Dominion sold its natural gas transmission and storage business to Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B). After shedding its gas business, Dominion has become a pure-play regulated utility that generates more than 90% of its earnings from state-regulated gas and electric utilities. This implies a more steady stream of cash flow and predictable earnings.
7 Best Bargain Stocks to Buy in October
Dominion now expects to deliver 6.5% annual earnings growth beginning in 2022, up from its prior growth guidance of 5%. As the gas business generated almost 25% of Dominion’s operating earnings, investors saw a 33% dividend cut last year. The Street expects dividend payments to begin growing at a rate of 6% starting next year.
Dominion shares are at $72 territory, down almost 4% YTD and 12% over the past year. The stock remains an attractive opportunity for long-term investors. D shares are trading at 17.7x forward earnings and 4.2x current sales.
Long-Term Stocks: Healthcare Trust of America (HTA)
Source: Shutterstock
52-week range: $23.39 – $33.05
Dividend Yield: 3.94%
Scottsdale, Arizona-based Healthcare Trust of America is a healthcare facility real estate investment trust (REIT), founded in 2006. Since then, the group has invested more than $7 billion in medical office buildings, making it the largest dedicated REIT of this type of property stateside.
Healthcare Trust of America released Q2 results in early August. Total revenue increased by 5% YOY to $189 million. Net income came in at $38 million, or 17 cents per diluted share, up from $13.5 million, or 6 cents per diluted share, in the prior-year quarter. Cash and equivalents ended the period at $90 million.
The REIT usually tracks down buildings around hospitals, academic medical centers, and other primary healthcare systems. As less than 20% of medical office buildings are currently owned by institutions, the REIT expects to deliver significant growth in the coming years. Thanks to an investment-grade credit rating, HTA has access to affordable capital that it uses to consolidate this fragmented industry.
HTA is the only REIT of its kind to increase its dividend each of the last seven years. It now offers a 4% dividend yield. Yet, interested investors may consider waiting for a dip before taking a long position. HTA stock currently hovers at its 52-week high of $33 per share, and is up 20% YTD. Shares are trading at 9.7 times sales.
Vanguard Growth Index Fund ETF (VUG)
Source: Shutterstock
52-week Range: $218.28 – $309.59
Dividend Yield: 0.52%
Expense Ratio: 0.04% per year
Our next choice is an exchange-traded fund (ETF). The Vanguard Growth Index Fund ETF is a passively managed fund which provides broad exposure to large- and mid-capitalization U.S. companies that show growth characteristics.
VUG, which started trading in January 2004, tracks the CRSP US Large Cap Growth Index. The fund is heavily weighted toward technology (49%), followed by consumer discretionary (22.60%), industrials (12.10%). It currently has 286 holdings.
5 Triple A-Rated Stocks to Buy for October
Leading names include Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) and Facebook (NASDAQ:FB). Top 10 holdings account for about 47% of net assets of $179.4 billion.
So far in 2021, the fund has returned over 25% and is up 16.5% YTD. A potential decline toward $285 would improve the margin of safety for buy-and-hold investors.
Long-Term Stocks: Verizon Communications (VZ)
Source: Shutterstock
52-week range: $51.11 – $61.95
Dividend Yield: 4.99%
Verizon is America’s largest wireless service provider with about 91 million postpaid and 4 million prepaid phone customers. In addition, the company connects another 25 million data devices, like PCs and tablets, through its nationwide network.
The telecom issued Q2 results in late July. Consolidated total revenue surged 11% YOY to $33.8 billion. Net income came in at $5.95 billion, or $1.40 per diluted share, up from $4.8 billion, or $1.14 per diluted share, in the prior-year period. Cash and equivalents ended the quarter at $6.09 billion.
Thanks to its smartphone-related services, Verizon boasts a stable business that generates predictable cash flow every year. Over the past decade, the group has been investing heavily to meet the growing demand for wireless data and video and upgrade its network for 5G technology.
Understandably, the 5G transition offers significant tailwinds that should lead to continued revenue and earnings growth over the coming years. Analysts forecast annual EPS growth of nearly 4% over the next five years.
Despite these steady fundamentals, VZ stock is trading at its 52-week low of around $51 per share. It is down about 13% YTD. Verizon looks significantly undervalued, trading just at 9.6x forward earnings and 1.6x trailing sales.
Its depressed price limits downside risk and suggests potential upside valuation in the near term. With a 5% dividend yield and an investment-grade credit rating, VZ looks like an excellent long-term stock to hold for 2021 and beyond.
On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Tezcan Gecgil, Ph.D., has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all three levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation.
The post 7 Best Long-Term Stocks To Buy and Hold For a Rich Retirement 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. | The recent completion of several large capital recycling initiatives has provided enhanced liquidity to support our robust pipeline of new investments.” BIP owns water, energy, utility, transportation, and communications infrastructure worldwide. Given the 5% dividend yield and leading market position, Chevron is a compelling stock for long-term income investors seeking exposure to high oil and gas prices. coke is a blue-chip stocks" width="300" height="169"> Source: Fotazdymak / Shutterstock.com 52-week range: $47.30 – $57.56 Dividend Yield: 3.10% Atlanta, Georgia-based Coca-Cola is the world’s largest nonalcoholic beverage maker, owning and marketing nearly two dozen billion-dollar brands. | With that information, here are seven long-term stocks for buy-and-hold investors that should offer stable and lucrative returns throughout the decade: Brookfield Infrastructure Partners (NYSE:BIP) Chevron (NYSE:CVX) Coca-Cola (NYSE:KO) Dominion Energy (NYSE:D) Healthcare Trust of America (NYSE:HTA) Vanguard Growth Index Fund ETF (NYSEARCA:VUG) Verizon Communications (NYSE:VZ) Long-Term Stocks: Brookfield Infrastructure Partners (BIP) Source: Shutterstock 52-week range: $42.29 – $58.58 Dividend Yield: 3.64% Brookfield Infrastructure Partners is a master limited partnership (MLP) that owns and operates long-life infrastructure assets that generate stable cash flows. Long-Term Stocks: Healthcare Trust of America (HTA) Source: Shutterstock 52-week range: $23.39 – $33.05 Dividend Yield: 3.94% Scottsdale, Arizona-based Healthcare Trust of America is a healthcare facility real estate investment trust (REIT), founded in 2006. Long-Term Stocks: Verizon Communications (VZ) Source: Shutterstock 52-week range: $51.11 – $61.95 Dividend Yield: 4.99% Verizon is America’s largest wireless service provider with about 91 million postpaid and 4 million prepaid phone customers. | With that information, here are seven long-term stocks for buy-and-hold investors that should offer stable and lucrative returns throughout the decade: Brookfield Infrastructure Partners (NYSE:BIP) Chevron (NYSE:CVX) Coca-Cola (NYSE:KO) Dominion Energy (NYSE:D) Healthcare Trust of America (NYSE:HTA) Vanguard Growth Index Fund ETF (NYSEARCA:VUG) Verizon Communications (NYSE:VZ) Long-Term Stocks: Brookfield Infrastructure Partners (BIP) Source: Shutterstock 52-week range: $42.29 – $58.58 Dividend Yield: 3.64% Brookfield Infrastructure Partners is a master limited partnership (MLP) that owns and operates long-life infrastructure assets that generate stable cash flows. The company reported net income of $352 million, or 61 cents per diluted share, compared to a net loss of $61 million, or 25 cents loss per diluted share, in the prior-year quarter. Non-GAAP net income came in at $2.9 billion, or 68 cents per diluted share, up from $1.8 billion, or 42 cents per diluted share, in the prior-year quarter. | With that information, here are seven long-term stocks for buy-and-hold investors that should offer stable and lucrative returns throughout the decade: Brookfield Infrastructure Partners (NYSE:BIP) Chevron (NYSE:CVX) Coca-Cola (NYSE:KO) Dominion Energy (NYSE:D) Healthcare Trust of America (NYSE:HTA) Vanguard Growth Index Fund ETF (NYSEARCA:VUG) Verizon Communications (NYSE:VZ) Long-Term Stocks: Brookfield Infrastructure Partners (BIP) Source: Shutterstock 52-week range: $42.29 – $58.58 Dividend Yield: 3.64% Brookfield Infrastructure Partners is a master limited partnership (MLP) that owns and operates long-life infrastructure assets that generate stable cash flows. BIPC shares provide an equivalent economic return to BIP shares. Shares are trading at 9.7 times sales. |
698867.0 | 2021-10-14 00:00:00 UTC | Icahn seeks control of Southwest Gas, starts board battle | D | https://www.nasdaq.com/articles/icahn-seeks-control-of-southwest-gas-starts-board-battle-2021-10-14 | nan | nan | By Svea Herbst-Bayliss
NEW YORK, Oct 14 (Reuters) - Carl Icahn on Thursday said he was trying to gain control of Southwest Gas Holdings' SWX.N board and replace its chief executive, as the Nevada utility is moving forward with a planned acquisition that the billionaire activist investor says hurts shareholders.
"We are today announcing our intention to launch a proxy contest to replace the entire board and commence a tender offer for any and all common shares at $75 per share in cash," Icahn wrote to the Southwest board in an open letter.
The stock price closed at $69.49 on Thursday.
Icahn, who holds a just under 5% stake in Southwest, plans to name two or three people who work for him and find other utility industry experts to serve as director candidates, two sources familiar with Icahn's thinking said.
News of the planned tender and proxy contest comes only hours after the company on Monday adopted a shareholder rights plan, commonly known as a poison pill, to prevent any investor from owning more than 10% of the company.
Last week Southwest agreed to buy Questar Pipelines from Dominion Energy D.N for $1.54 billion in cash and assuming $430 million in debt, a move Icahn has criticized.
Icahn said he worries the company will issue stock at "ridiculously low prices to 'cherry picked' friends who will be blindly supportive of CEO John Hester."
"A great liability to the company is John Hester and his management team, we are working on putting together a blue ribbon board and management team," Icahn said in a telephone interview, adding that in his view Hester was playing roulette with shareholders' money.
A Southwest spokesman did not immediately reply to an emailed request for comment.
Icahn has spent a career tangling with companies and traditionally asks for a few board seats when he thinks businesses should be run better. He often settles with the company and then steps aside as his selected directors become involved in operations.
At Southwest, however, the 85-year-old investor is moving more aggressively, in part because he felt insulted by Hester and his team.
"Management violated our gentlemen's agreement by announcing a poison pill on Monday," Icahn wrote in the letter. He added that he was pushing ahead with the tender offer to give all shareholders another option besides what the company was proposing.
The situation at Southwest mirrors Icahn's activities at oil refiner CVR Energy CVI.N, where he won control in 2012 after shareholders accepted his takeover offer. At CVR, the CEO stayed on.
(Reporting by Svea Herbst-Bayliss in New York, Additional reporting by Arathy S Nair in Bengaluru and David French in New York; Editing by Shailesh Kuber and Rosalba O'Brien)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Svea Herbst-Bayliss NEW YORK, Oct 14 (Reuters) - Carl Icahn on Thursday said he was trying to gain control of Southwest Gas Holdings' SWX.N board and replace its chief executive, as the Nevada utility is moving forward with a planned acquisition that the billionaire activist investor says hurts shareholders. Last week Southwest agreed to buy Questar Pipelines from Dominion Energy D.N for $1.54 billion in cash and assuming $430 million in debt, a move Icahn has criticized. The situation at Southwest mirrors Icahn's activities at oil refiner CVR Energy CVI.N, where he won control in 2012 after shareholders accepted his takeover offer. | "We are today announcing our intention to launch a proxy contest to replace the entire board and commence a tender offer for any and all common shares at $75 per share in cash," Icahn wrote to the Southwest board in an open letter. News of the planned tender and proxy contest comes only hours after the company on Monday adopted a shareholder rights plan, commonly known as a poison pill, to prevent any investor from owning more than 10% of the company. "Management violated our gentlemen's agreement by announcing a poison pill on Monday," Icahn wrote in the letter. | By Svea Herbst-Bayliss NEW YORK, Oct 14 (Reuters) - Carl Icahn on Thursday said he was trying to gain control of Southwest Gas Holdings' SWX.N board and replace its chief executive, as the Nevada utility is moving forward with a planned acquisition that the billionaire activist investor says hurts shareholders. "We are today announcing our intention to launch a proxy contest to replace the entire board and commence a tender offer for any and all common shares at $75 per share in cash," Icahn wrote to the Southwest board in an open letter. "A great liability to the company is John Hester and his management team, we are working on putting together a blue ribbon board and management team," Icahn said in a telephone interview, adding that in his view Hester was playing roulette with shareholders' money. | By Svea Herbst-Bayliss NEW YORK, Oct 14 (Reuters) - Carl Icahn on Thursday said he was trying to gain control of Southwest Gas Holdings' SWX.N board and replace its chief executive, as the Nevada utility is moving forward with a planned acquisition that the billionaire activist investor says hurts shareholders. News of the planned tender and proxy contest comes only hours after the company on Monday adopted a shareholder rights plan, commonly known as a poison pill, to prevent any investor from owning more than 10% of the company. Icahn said he worries the company will issue stock at "ridiculously low prices to 'cherry picked' friends who will be blindly supportive of CEO John Hester." |
698868.0 | 2021-10-14 00:00:00 UTC | Ichan launches offer for Southwest Gas shares, seeks to replace baord | D | https://www.nasdaq.com/articles/ichan-launches-offer-for-southwest-gas-shares-seeks-to-replace-baord-2021-10-14 | nan | nan | Adds details from Icahn's letter, background
Oct 14 (Reuters) - Activist investor Carl Icahn said on Thursday he plans to start a tender offer for shares in Southwest Gas Holdings Inc SWX.N and launch a proxy battle to replace the directors on the gas distribution company's board.
Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines.
Icahn Enterprises IEP.N intends to initiate a tender offer for outstanding shares of Southwest at $75.00 per share in cash, it said in an open letter to company shareholders.
It will also commence a proxy contest to elect a full slate of directors at the 2022 annual meeting of the company's stockholders, according to the letter.
Southwest Gas did not immediately respond to a Reuters request for comment.
The company had earlier this month agreed to acquire Questar Pipeline Co, a gas transportation and storage business owned by Dominion Energy Inc D.N, in an all-cash transaction.
Carl Icahn, who holds a significant stake in Southwest Gas, has since been pushing the company to abandon the potential acquisition and instead focus on improving its share price.
Icahn said earlier this month that Southwest Gas was trading below its peers, with financial performance held back by high expenses and a poor relationship with regulators. Icahn also questioned whether the company's board could hold management accountable, since many directors have been in place for over a decade.
Southwest said Questar would provide "significant financial and strategic benefits to our company, shareholders, employees and partners".
(Reporting by Arathy S Nair in Bengaluru; Editing by Shailesh Kuber)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines. Carl Icahn, who holds a significant stake in Southwest Gas, has since been pushing the company to abandon the potential acquisition and instead focus on improving its share price. Icahn said earlier this month that Southwest Gas was trading below its peers, with financial performance held back by high expenses and a poor relationship with regulators. | Adds details from Icahn's letter, background Oct 14 (Reuters) - Activist investor Carl Icahn said on Thursday he plans to start a tender offer for shares in Southwest Gas Holdings Inc SWX.N and launch a proxy battle to replace the directors on the gas distribution company's board. Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines. Carl Icahn, who holds a significant stake in Southwest Gas, has since been pushing the company to abandon the potential acquisition and instead focus on improving its share price. | Adds details from Icahn's letter, background Oct 14 (Reuters) - Activist investor Carl Icahn said on Thursday he plans to start a tender offer for shares in Southwest Gas Holdings Inc SWX.N and launch a proxy battle to replace the directors on the gas distribution company's board. Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines. Carl Icahn, who holds a significant stake in Southwest Gas, has since been pushing the company to abandon the potential acquisition and instead focus on improving its share price. | Adds details from Icahn's letter, background Oct 14 (Reuters) - Activist investor Carl Icahn said on Thursday he plans to start a tender offer for shares in Southwest Gas Holdings Inc SWX.N and launch a proxy battle to replace the directors on the gas distribution company's board. Southwest Gas did not immediately respond to a Reuters request for comment. The company had earlier this month agreed to acquire Questar Pipeline Co, a gas transportation and storage business owned by Dominion Energy Inc D.N, in an all-cash transaction. |
698869.0 | 2021-10-13 00:00:00 UTC | Southwest Gas Outlines Rationale For Questar Pipeline Acquisition | D | https://www.nasdaq.com/articles/southwest-gas-outlines-rationale-for-questar-pipeline-acquisition-2021-10-13 | nan | nan | (RTTNews) - Responding to a letter dated 4th October from billionaire activist investor Carl Icahn, Southwest Gas Corp. (SGX) Wednesday outlined rationale for Questar Pipeline acquisition and actions that Board and management are taking to drive shareholder value.
According to Southwest Gas, the Questar Pipelines acquisition signifies an increased and significantly diversified regulated business mix, as it provides robust, steady, and contracted cash flows. In fact, contrary to one of Icahn's specific points, it meaningfully reduces earnings volatility, and increases strategic optionality and flexibility.
Southwest Gas alleged that Icahn's letter did not take into account the material, strategic and fundamental differences between natural gas and electric utilities, as well as FERC-regulated assets. The differences are critical qualitative data points in the analysis of the strength of the acquisition.
Southwest Gas noted that it has supportive and constructive regulatory relationships with each of our three state commissions - Arizona, California, and Nevada.
Southwest Gas on Monday adopted a so-called poison pill plan in a bid to stop billionaire activist investor Carl Icahn taking a larger stake in the U.S. power utility as he opposes its plan to buy Questar Pipeline acquisition.
On 5th October 2021, Dominion Energy (D) announced that it agreed to sell Questar Pipelines to Southwest Gas Holdings, in a deal valued at $1.975 billion. The deal value included the assumption of $430 million of existing indebtedness.
Questar Pipelines consists of FERC-regulated, long-term contracted, transportation and underground storage assets in Utah, Wyoming and Colorado, together with related services and processing entities.
On 5th October 2021, Carl Icahn said, in a letter to Southwest Gas, that he had a large stake in the Las Vegas-based utility company and asked the company to stop its alleged acquisition of natural gas company Questar Pipeline.
In his letter, Icahn had expressed "extreme disappointment" with the way the company management was handling matters over the last few years as he was a "large shareholder. The problems he raised about the company include "debilitated relationship with regulators," higher expenses and a weak credit profile.
Questar Pipeline was going to be bought by Warren Buffett's Berkshire Hathaway in 2020 but the agreement fell through due to "ongoing uncertainty associated with achieving clearance from the Federal Trade Commission."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Responding to a letter dated 4th October from billionaire activist investor Carl Icahn, Southwest Gas Corp. (SGX) Wednesday outlined rationale for Questar Pipeline acquisition and actions that Board and management are taking to drive shareholder value. According to Southwest Gas, the Questar Pipelines acquisition signifies an increased and significantly diversified regulated business mix, as it provides robust, steady, and contracted cash flows. Questar Pipelines consists of FERC-regulated, long-term contracted, transportation and underground storage assets in Utah, Wyoming and Colorado, together with related services and processing entities. | (RTTNews) - Responding to a letter dated 4th October from billionaire activist investor Carl Icahn, Southwest Gas Corp. (SGX) Wednesday outlined rationale for Questar Pipeline acquisition and actions that Board and management are taking to drive shareholder value. Southwest Gas on Monday adopted a so-called poison pill plan in a bid to stop billionaire activist investor Carl Icahn taking a larger stake in the U.S. power utility as he opposes its plan to buy Questar Pipeline acquisition. On 5th October 2021, Carl Icahn said, in a letter to Southwest Gas, that he had a large stake in the Las Vegas-based utility company and asked the company to stop its alleged acquisition of natural gas company Questar Pipeline. | (RTTNews) - Responding to a letter dated 4th October from billionaire activist investor Carl Icahn, Southwest Gas Corp. (SGX) Wednesday outlined rationale for Questar Pipeline acquisition and actions that Board and management are taking to drive shareholder value. Southwest Gas on Monday adopted a so-called poison pill plan in a bid to stop billionaire activist investor Carl Icahn taking a larger stake in the U.S. power utility as he opposes its plan to buy Questar Pipeline acquisition. On 5th October 2021, Carl Icahn said, in a letter to Southwest Gas, that he had a large stake in the Las Vegas-based utility company and asked the company to stop its alleged acquisition of natural gas company Questar Pipeline. | (RTTNews) - Responding to a letter dated 4th October from billionaire activist investor Carl Icahn, Southwest Gas Corp. (SGX) Wednesday outlined rationale for Questar Pipeline acquisition and actions that Board and management are taking to drive shareholder value. According to Southwest Gas, the Questar Pipelines acquisition signifies an increased and significantly diversified regulated business mix, as it provides robust, steady, and contracted cash flows. On 5th October 2021, Carl Icahn said, in a letter to Southwest Gas, that he had a large stake in the Las Vegas-based utility company and asked the company to stop its alleged acquisition of natural gas company Questar Pipeline. |
698870.0 | 2021-10-12 00:00:00 UTC | Berkshire Hathaway Maryland Cove Point LNG export plant exits outage | D | https://www.nasdaq.com/articles/berkshire-hathaway-maryland-cove-point-lng-export-plant-exits-outage-2021-10-12 | nan | nan | Oct 12 (Reuters) - Berkshire Hathaway Energy said on Tuesday that its Cove Point liquefied natural gas (LNG) export plant in Maryland resumed operations after a three-week maintenance outage.
Data provider Refinitiv said the plant planned to take in about 0.7 billion cubic feet per day (bcfd) of natural gas on Tuesday.
The return of Cove Point should enable the United States to raise LNG exports as utilities around the world scramble to boost supplies ahead of the winter heating season when demand for gas peaks.
Some industries in Europe and Asia have already shut or reduced manufacturing activities because they could not get enough oil and gas to run their operations or the price of that fuel was too expensive. NGA/O/R
During the three weeks that Cove Point was shut, the amount of pipeline gas flowing to U.S. export plants fell to around 10.1 bcfd from about 10.5 bcfd during the prior 30 days.
Cove Point is designed to liquefy about 0.75 bcfd of gas into LNG.
One billion cubic feet is enough to supply about 5 million U.S. homes for a day.
The timing of Cove Point's outage was in line with its 2018, 2019 and 2020 annual maintenance shutdowns.
Berkshire Hathaway Inc's BRKa.N Berkshire Hathaway Energy operates Cove Point and owns 25% of the facility. The rest is owned by units of Dominion Energy Inc D.N (50%) and Brookfield Asset Management Inc BAMa.TO (25%).
When Dominion operated the plant it sold the project's capacity for 20 years to a subsidiary of GAIL (India) Ltd GAIL.NS and to ST Cove Point, which is a joint venture between units of Japanese trading company Sumitomo Corp 8053.T and Tokyo Gas Co Ltd 9531.T.
ANALYSIS-After six decades, U.S. set to turn natgas exporter amid LNG boom
GRAPHIC-Expansion of global LNG gasification and regasification capacityhttp://tmsnrt.rs/2mtY5CY
GRAPHIC-Growing global natural gas demandhttp://tmsnrt.rs/2mtP90z
Dominion Maryland Cove Point LNG export facility returning to service
CORRECTED-U.S., China will be world's biggest LNG exporter and importer in 2024 -IEA
UPDATE 1-Dominion shuts Maryland Cove Point LNG export plant for maintenance
UPDATE 1-Dominion says Maryland Cove Point LNG export plant returning to service
FACTBOX-North American liquefied natural gas export projects
Dominion shuts Maryland Cove Point LNG export plant for annual maintenance
Dominion Maryland Cove Point LNG export plant starts to exit outage
(Reporting by Scott DiSavino; Editing by Steve Orlofsky)
((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | Oct 12 (Reuters) - Berkshire Hathaway Energy said on Tuesday that its Cove Point liquefied natural gas (LNG) export plant in Maryland resumed operations after a three-week maintenance outage. The return of Cove Point should enable the United States to raise LNG exports as utilities around the world scramble to boost supplies ahead of the winter heating season when demand for gas peaks. When Dominion operated the plant it sold the project's capacity for 20 years to a subsidiary of GAIL (India) Ltd GAIL.NS and to ST Cove Point, which is a joint venture between units of Japanese trading company Sumitomo Corp 8053.T and Tokyo Gas Co Ltd 9531.T. | Oct 12 (Reuters) - Berkshire Hathaway Energy said on Tuesday that its Cove Point liquefied natural gas (LNG) export plant in Maryland resumed operations after a three-week maintenance outage. Berkshire Hathaway Inc's BRKa.N Berkshire Hathaway Energy operates Cove Point and owns 25% of the facility. ANALYSIS-After six decades, U.S. set to turn natgas exporter amid LNG boom GRAPHIC-Expansion of global LNG gasification and regasification capacityhttp://tmsnrt.rs/2mtY5CY GRAPHIC-Growing global natural gas demandhttp://tmsnrt.rs/2mtP90z Dominion Maryland Cove Point LNG export facility returning to service CORRECTED-U.S., China will be world's biggest LNG exporter and importer in 2024 -IEA UPDATE 1-Dominion shuts Maryland Cove Point LNG export plant for maintenance UPDATE 1-Dominion says Maryland Cove Point LNG export plant returning to service FACTBOX-North American liquefied natural gas export projects Dominion shuts Maryland Cove Point LNG export plant for annual maintenance Dominion Maryland Cove Point LNG export plant starts to exit outage (Reporting by Scott DiSavino; Editing by Steve Orlofsky) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | Oct 12 (Reuters) - Berkshire Hathaway Energy said on Tuesday that its Cove Point liquefied natural gas (LNG) export plant in Maryland resumed operations after a three-week maintenance outage. NGA/O/R During the three weeks that Cove Point was shut, the amount of pipeline gas flowing to U.S. export plants fell to around 10.1 bcfd from about 10.5 bcfd during the prior 30 days. ANALYSIS-After six decades, U.S. set to turn natgas exporter amid LNG boom GRAPHIC-Expansion of global LNG gasification and regasification capacityhttp://tmsnrt.rs/2mtY5CY GRAPHIC-Growing global natural gas demandhttp://tmsnrt.rs/2mtP90z Dominion Maryland Cove Point LNG export facility returning to service CORRECTED-U.S., China will be world's biggest LNG exporter and importer in 2024 -IEA UPDATE 1-Dominion shuts Maryland Cove Point LNG export plant for maintenance UPDATE 1-Dominion says Maryland Cove Point LNG export plant returning to service FACTBOX-North American liquefied natural gas export projects Dominion shuts Maryland Cove Point LNG export plant for annual maintenance Dominion Maryland Cove Point LNG export plant starts to exit outage (Reporting by Scott DiSavino; Editing by Steve Orlofsky) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | Oct 12 (Reuters) - Berkshire Hathaway Energy said on Tuesday that its Cove Point liquefied natural gas (LNG) export plant in Maryland resumed operations after a three-week maintenance outage. Data provider Refinitiv said the plant planned to take in about 0.7 billion cubic feet per day (bcfd) of natural gas on Tuesday. ANALYSIS-After six decades, U.S. set to turn natgas exporter amid LNG boom GRAPHIC-Expansion of global LNG gasification and regasification capacityhttp://tmsnrt.rs/2mtY5CY GRAPHIC-Growing global natural gas demandhttp://tmsnrt.rs/2mtP90z Dominion Maryland Cove Point LNG export facility returning to service CORRECTED-U.S., China will be world's biggest LNG exporter and importer in 2024 -IEA UPDATE 1-Dominion shuts Maryland Cove Point LNG export plant for maintenance UPDATE 1-Dominion says Maryland Cove Point LNG export plant returning to service FACTBOX-North American liquefied natural gas export projects Dominion shuts Maryland Cove Point LNG export plant for annual maintenance Dominion Maryland Cove Point LNG export plant starts to exit outage (Reporting by Scott DiSavino; Editing by Steve Orlofsky) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. |
698871.0 | 2021-10-11 00:00:00 UTC | Implied IDU Analyst Target Price: $90 | D | https://www.nasdaq.com/articles/implied-idu-analyst-target-price%3A-%2490-2021-10-11 | nan | nan | 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 iShares U.S. Utilities ETF (Symbol: IDU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $89.62 per unit.
With IDU trading at a recent price near $80.33 per unit, that means that analysts see 11.56% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IDU's underlying holdings with notable upside to their analyst target prices are American Electric Power Co Inc (Symbol: AEP), Dominion Energy Inc (Symbol: D), and Public Service Enterprise Group Inc (Symbol: PEG). Although AEP has traded at a recent price of $83.58/share, the average analyst target is 17.40% higher at $98.12/share. Similarly, D has 17.19% upside from the recent share price of $72.70 if the average analyst target price of $85.20/share is reached, and analysts on average are expecting PEG to reach a target price of $69.15/share, which is 15.46% above the recent price of $59.89. Below is a twelve month price history chart comparing the stock performance of AEP, D, and PEG:
Combined, AEP, D, and PEG represent 11.91% of the iShares U.S. 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
iShares U.S. Utilities ETF IDU $80.33 $89.62 11.56%
American Electric Power Co Inc AEP $83.58 $98.12 17.40%
Dominion Energy Inc D $72.70 $85.20 17.19%
Public Service Enterprise Group Inc PEG $59.89 $69.15 15.46%
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. | Although AEP has traded at a recent price of $83.58/share, the average analyst target is 17.40% higher at $98.12/share. iShares U.S. Utilities ETF IDU $80.33 $89.62 11.56% American Electric Power Co Inc AEP $83.58 $98.12 17.40% Dominion Energy Inc D $72.70 $85.20 17.19% Public Service Enterprise Group Inc PEG $59.89 $69.15 15.46% 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? | Three of IDU's underlying holdings with notable upside to their analyst target prices are American Electric Power Co Inc (Symbol: AEP), Dominion Energy Inc (Symbol: D), and Public Service Enterprise Group Inc (Symbol: PEG). Similarly, D has 17.19% upside from the recent share price of $72.70 if the average analyst target price of $85.20/share is reached, and analysts on average are expecting PEG to reach a target price of $69.15/share, which is 15.46% above the recent price of $59.89. iShares U.S. Utilities ETF IDU $80.33 $89.62 11.56% American Electric Power Co Inc AEP $83.58 $98.12 17.40% Dominion Energy Inc D $72.70 $85.20 17.19% Public Service Enterprise Group Inc PEG $59.89 $69.15 15.46% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | 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, D has 17.19% upside from the recent share price of $72.70 if the average analyst target price of $85.20/share is reached, and analysts on average are expecting PEG to reach a target price of $69.15/share, which is 15.46% above the recent price of $59.89. 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. | For the iShares U.S. Utilities ETF (Symbol: IDU), we found that the implied analyst target price for the ETF based upon its underlying holdings is $89.62 per unit. With IDU trading at a recent price near $80.33 per unit, that means that analysts see 11.56% upside for this ETF looking through to the average analyst targets of the underlying holdings. Although AEP has traded at a recent price of $83.58/share, the average analyst target is 17.40% higher at $98.12/share. |
698872.0 | 2021-10-05 00:00:00 UTC | Dominion Energy To Sell Questar Pipelines To Southwest Gas Holdings In $1.975 Bln Deal | D | https://www.nasdaq.com/articles/dominion-energy-to-sell-questar-pipelines-to-southwest-gas-holdings-in-%241.975-bln-deal | nan | nan | (RTTNews) - Dominion Energy (D) on Tuesday after the bell announced that it agreed to sell Questar Pipelines to Southwest Gas Holdings Inc. (SWX), in a deal valued at $1.975 billion.
Questar Pipelines consists of FERC-regulated, long-term contracted, transportation and underground storage assets in Utah, Wyoming and Colorado, together with related services and processing entities.
The deal value includes the assumption of $430 million of existing indebtedness. The acquisition is expected to close in the fourth quarter.
Dominion Energy CEO Robert Blue said, "We are pleased with the result of our sale process for these high-quality assets. This transaction represents another significant step in our evolution as a company, allowing us to focus even more on fulfilling the energy needs of our utility customers and continuing growth of our clean-energy portfolio, including development of the largest offshore wind farm in North America. We appreciate the focus and professionalism of the Questar Pipelines employees, who have maintained safe and reliable operations. We look forward to closure by year's end."
The company said it will use the proceeds from the sale to reduce parent-level debt, including retiring the 364-day term loan that was entered into in July.
Meanwhile, earlier today, activist investor Carl Icahn had opposed Southwest Gas' plans to acquire Questar Pipeline.
In a letter addressed to the Southwest Board of Directors, Icahn said, "During the past few years, management of SWX has made a number of egregious errors at the expense of shareholders. However, the purchase of Questar you are currently being rumored to make at the price you are willing to pay will make all past errors pale in comparison. The purchase will result in serious diminution of shareholder value."
Following the news, shares of Southwest slipped over 3% in the extended trading session, while Dominion's shares were steady.
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 (D) on Tuesday after the bell announced that it agreed to sell Questar Pipelines to Southwest Gas Holdings Inc. (SWX), in a deal valued at $1.975 billion. Questar Pipelines consists of FERC-regulated, long-term contracted, transportation and underground storage assets in Utah, Wyoming and Colorado, together with related services and processing entities. This transaction represents another significant step in our evolution as a company, allowing us to focus even more on fulfilling the energy needs of our utility customers and continuing growth of our clean-energy portfolio, including development of the largest offshore wind farm in North America. | (RTTNews) - Dominion Energy (D) on Tuesday after the bell announced that it agreed to sell Questar Pipelines to Southwest Gas Holdings Inc. (SWX), in a deal valued at $1.975 billion. Meanwhile, earlier today, activist investor Carl Icahn had opposed Southwest Gas' plans to acquire Questar Pipeline. However, the purchase of Questar you are currently being rumored to make at the price you are willing to pay will make all past errors pale in comparison. | (RTTNews) - Dominion Energy (D) on Tuesday after the bell announced that it agreed to sell Questar Pipelines to Southwest Gas Holdings Inc. (SWX), in a deal valued at $1.975 billion. This transaction represents another significant step in our evolution as a company, allowing us to focus even more on fulfilling the energy needs of our utility customers and continuing growth of our clean-energy portfolio, including development of the largest offshore wind farm in North America. In a letter addressed to the Southwest Board of Directors, Icahn said, "During the past few years, management of SWX has made a number of egregious errors at the expense of shareholders. | (RTTNews) - Dominion Energy (D) on Tuesday after the bell announced that it agreed to sell Questar Pipelines to Southwest Gas Holdings Inc. (SWX), in a deal valued at $1.975 billion. Dominion Energy CEO Robert Blue said, "We are pleased with the result of our sale process for these high-quality assets. The purchase will result in serious diminution of shareholder value." |
698873.0 | 2021-10-05 00:00:00 UTC | Dominion to sell Questar to Southwest Gas in near $2 bln deal | D | https://www.nasdaq.com/articles/dominion-to-sell-questar-to-southwest-gas-in-near-%242-bln-deal-2021-10-05 | nan | nan | Adds background, deal details
Oct 5 (Reuters) - Dominion Energy D.N said on Tuesday it has agreed to sell Questar Pipelines to Southwest Gas Holdings Inc SWX.N in a deal valued at $1.975 billion.
For Southwest Gas, the acquisition would mark a northward expansion of its natural gas operations and boost its regulated business.
The deal, which is expected to close in the fourth quarter, comes after activist investor Carl Icahn sent a letter to Southwest Gas on Tuesday, urging the company to abandon the acquisition and instead focus on improving its share price
Questar Pipelines is an interstate natural gas pipeline company that provides transportation and underground storage services in Utah, Wyoming and Colorado. It also owns the Clay Basin storage facility, the largest underground storage reservoir in the Rocky Mountains, according to the company's website. (https://bit.ly/3osJeML)
Southwest Gas provides natural gas service to more than two million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California, according to the company's website. (https://bit.ly/2WCGIYS)
Reuters on Sunday exclusively reported that Southwest Gas was in advanced talks to acquire Questar, citing people familiar with the matter.
(Reporting by Rithika Krishna in Bengaluru; Editing by Shailesh Kuber)
((Rithika.Krishna@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Adds background, deal details Oct 5 (Reuters) - Dominion Energy D.N said on Tuesday it has agreed to sell Questar Pipelines to Southwest Gas Holdings Inc SWX.N in a deal valued at $1.975 billion. The deal, which is expected to close in the fourth quarter, comes after activist investor Carl Icahn sent a letter to Southwest Gas on Tuesday, urging the company to abandon the acquisition and instead focus on improving its share price Questar Pipelines is an interstate natural gas pipeline company that provides transportation and underground storage services in Utah, Wyoming and Colorado. (https://bit.ly/2WCGIYS) Reuters on Sunday exclusively reported that Southwest Gas was in advanced talks to acquire Questar, citing people familiar with the matter. | Adds background, deal details Oct 5 (Reuters) - Dominion Energy D.N said on Tuesday it has agreed to sell Questar Pipelines to Southwest Gas Holdings Inc SWX.N in a deal valued at $1.975 billion. The deal, which is expected to close in the fourth quarter, comes after activist investor Carl Icahn sent a letter to Southwest Gas on Tuesday, urging the company to abandon the acquisition and instead focus on improving its share price Questar Pipelines is an interstate natural gas pipeline company that provides transportation and underground storage services in Utah, Wyoming and Colorado. (https://bit.ly/3osJeML) Southwest Gas provides natural gas service to more than two million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California, according to the company's website. | Adds background, deal details Oct 5 (Reuters) - Dominion Energy D.N said on Tuesday it has agreed to sell Questar Pipelines to Southwest Gas Holdings Inc SWX.N in a deal valued at $1.975 billion. The deal, which is expected to close in the fourth quarter, comes after activist investor Carl Icahn sent a letter to Southwest Gas on Tuesday, urging the company to abandon the acquisition and instead focus on improving its share price Questar Pipelines is an interstate natural gas pipeline company that provides transportation and underground storage services in Utah, Wyoming and Colorado. (https://bit.ly/3osJeML) Southwest Gas provides natural gas service to more than two million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California, according to the company's website. | For Southwest Gas, the acquisition would mark a northward expansion of its natural gas operations and boost its regulated business. The deal, which is expected to close in the fourth quarter, comes after activist investor Carl Icahn sent a letter to Southwest Gas on Tuesday, urging the company to abandon the acquisition and instead focus on improving its share price Questar Pipelines is an interstate natural gas pipeline company that provides transportation and underground storage services in Utah, Wyoming and Colorado. (https://bit.ly/3osJeML) Southwest Gas provides natural gas service to more than two million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California, according to the company's website. |
698874.0 | 2021-10-05 00:00:00 UTC | Dominion to sell Questar Pipelines to Southwest Gas Holdings in nearly $2 bln deal | D | https://www.nasdaq.com/articles/dominion-to-sell-questar-pipelines-to-southwest-gas-holdings-in-nearly-%242-bln-deal-2021-10 | nan | nan | Oct 5 (Reuters) - Dominion Energy D.N said on Tuesday it has agreed to sell Questar Pipelines to Southwest Gas Holdings Inc SWX.N in a deal valued at $1.975 billion.
(Reporting by Rithika Krishna in Bengaluru; Editing by Shailesh Kuber)
((Rithika.Krishna@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Oct 5 (Reuters) - Dominion Energy D.N said on Tuesday it has agreed to sell Questar Pipelines to Southwest Gas Holdings Inc SWX.N in a deal valued at $1.975 billion. (Reporting by Rithika Krishna in Bengaluru; Editing by Shailesh Kuber) ((Rithika.Krishna@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Oct 5 (Reuters) - Dominion Energy D.N said on Tuesday it has agreed to sell Questar Pipelines to Southwest Gas Holdings Inc SWX.N in a deal valued at $1.975 billion. (Reporting by Rithika Krishna in Bengaluru; Editing by Shailesh Kuber) ((Rithika.Krishna@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Oct 5 (Reuters) - Dominion Energy D.N said on Tuesday it has agreed to sell Questar Pipelines to Southwest Gas Holdings Inc SWX.N in a deal valued at $1.975 billion. (Reporting by Rithika Krishna in Bengaluru; Editing by Shailesh Kuber) ((Rithika.Krishna@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Oct 5 (Reuters) - Dominion Energy D.N said on Tuesday it has agreed to sell Questar Pipelines to Southwest Gas Holdings Inc SWX.N in a deal valued at $1.975 billion. (Reporting by Rithika Krishna in Bengaluru; Editing by Shailesh Kuber) ((Rithika.Krishna@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
698875.0 | 2021-10-05 00:00:00 UTC | Carl Icahn holds Southwest Gas stake, objects to Questar deal - source | D | https://www.nasdaq.com/articles/carl-icahn-holds-southwest-gas-stake-objects-to-questar-deal-source-2021-10-05 | nan | nan | Adds detail, context, share price reaction
Oct 5 (Reuters) - Activist investor Carl Icahn holds a significant stake in Southwest Gas Holdings Inc SWX.N and is pushing the gas distribution company to abandon a potential acquisition and instead focus on improving its share price, a source familiar with the matter said.
Shares in Southwest Gas, which serves more than 2 million customers in Arizona, California and Nevada, spiked nearly 8% on the news, which was first reported by The Wall Street Journal.
On Sunday, Reuters reported that Southwest Gas is in advanced talks to acquire Questar Pipeline Co, a gas transportation and storage business of Dominion Energy Inc D.N, for close to $2 billion, including debt.
That deal comes after the energy arm of Warren Buffett's Berkshire Hathaway Inc .N> abandoned in July an acquisition of Questar for $1.7 billion, including debt, because of fears antitrust regulators would not sanction it. This was part of a wider deal to purchase Dominion's gas infrastructure business.
Southwest Gas did not respond to a comment request.
The Wall Street Journal report said Icahn had sent a letter to Southwest Gas' board on Monday, outlining his objection to the Questar deal and calling on the company to focus on improving its stock performance instead.
Icahn believes that, with appropriate changes, Southwest Gas' shares could trade 75% higher. The WSJ report did not provide details on how this improvement would be achieved.
Questar's natural gas pipeline and storage network spans Colorado, Utah and Wyoming. Its 1,867 miles (3,005 km) of pipeline connects to other pipeline systems in the West and Midwest United States, while the company also owns the Clay Basin storage facility, the largest underground storage reservoir in the Rocky Mountains, according to its website.
(Reporting by Svea Herbst-Bayliss in New York and Sahil Shaw in Bengaluru; Writing by David French; Editing by Maju Samuel and Nick Zieminski)
((Sahil.Shaw@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares in Southwest Gas, which serves more than 2 million customers in Arizona, California and Nevada, spiked nearly 8% on the news, which was first reported by The Wall Street Journal. That deal comes after the energy arm of Warren Buffett's Berkshire Hathaway Inc .N> abandoned in July an acquisition of Questar for $1.7 billion, including debt, because of fears antitrust regulators would not sanction it. The Wall Street Journal report said Icahn had sent a letter to Southwest Gas' board on Monday, outlining his objection to the Questar deal and calling on the company to focus on improving its stock performance instead. | Adds detail, context, share price reaction Oct 5 (Reuters) - Activist investor Carl Icahn holds a significant stake in Southwest Gas Holdings Inc SWX.N and is pushing the gas distribution company to abandon a potential acquisition and instead focus on improving its share price, a source familiar with the matter said. On Sunday, Reuters reported that Southwest Gas is in advanced talks to acquire Questar Pipeline Co, a gas transportation and storage business of Dominion Energy Inc D.N, for close to $2 billion, including debt. The Wall Street Journal report said Icahn had sent a letter to Southwest Gas' board on Monday, outlining his objection to the Questar deal and calling on the company to focus on improving its stock performance instead. | Adds detail, context, share price reaction Oct 5 (Reuters) - Activist investor Carl Icahn holds a significant stake in Southwest Gas Holdings Inc SWX.N and is pushing the gas distribution company to abandon a potential acquisition and instead focus on improving its share price, a source familiar with the matter said. On Sunday, Reuters reported that Southwest Gas is in advanced talks to acquire Questar Pipeline Co, a gas transportation and storage business of Dominion Energy Inc D.N, for close to $2 billion, including debt. The Wall Street Journal report said Icahn had sent a letter to Southwest Gas' board on Monday, outlining his objection to the Questar deal and calling on the company to focus on improving its stock performance instead. | Adds detail, context, share price reaction Oct 5 (Reuters) - Activist investor Carl Icahn holds a significant stake in Southwest Gas Holdings Inc SWX.N and is pushing the gas distribution company to abandon a potential acquisition and instead focus on improving its share price, a source familiar with the matter said. On Sunday, Reuters reported that Southwest Gas is in advanced talks to acquire Questar Pipeline Co, a gas transportation and storage business of Dominion Energy Inc D.N, for close to $2 billion, including debt. Questar's natural gas pipeline and storage network spans Colorado, Utah and Wyoming. |
698876.0 | 2021-10-03 00:00:00 UTC | EXCLUSIVE-Southwest Gas nears Questar deal after Buffett lost out-sources | D | https://www.nasdaq.com/articles/exclusive-southwest-gas-nears-questar-deal-after-buffett-lost-out-sources-2021-10-03 | nan | nan | By David French
Oct 3 (Reuters) - Southwest Gas Holdings SWX.N is in advanced talks to acquire Questar Pipeline Company, a gas transportation and storage business of Dominion Energy Inc D.N that Warren Buffett tried to buy, people familiar with the matter said on Sunday.
The deal would come three months after Dominion and the energy arm of Buffett's Berkshire Hathaway Inc BRKa.N abandoned their Questar deal on concerns that antitrust regulators would not approve it. Dominion then launched an auction process to divest Questar.
Southwest Gas, a gas distribution company that serves Arizona, California and Nevada, will pay close to $2 billion, including debt, for Questar, whose pipeline and storage network spans Colorado, Utah and Wyoming, the sources said.
That would be an improvement on the deal with Berkshire Hathaway, which had agreed to pay $1.3 billion in cash for Questar and assume $430 million in debt. If the negotiations conclude successfully, Dominion could announce a deal with Southwest Gas as early as this week, the sources said.
The sources requested anonymity because the matter is confidential. Dominion and Southwest Gas did not respond to requests for comment.
Questar moves natural gas through 1,867 miles (3,005 km) of pipeline, with connections to other pipeline systems in the West and Midwest United States. It also owns the Clay Basin storage facility, the largest underground storage reservoir in the Rocky Mountains, according to its website.
Dominion announced in July 2020 that it would sell its entire gas infrastructure business to Berkshire Hathaway's energy arm for $9.7 billion including debt. While a deal for most of the assets was completed in November 2020, Questar was left out as the Federal Trade Commission scrutinized the acquisition. The companies abandoned the Questar deal in July this year, citing uncertainty over its regulatory approval.
For Southwest Gas, the acquisition would mark a northward expansion of its natural gas operations and boost its regulated operations, which supply steady cash flow and are preferred by utility investors. It also owns Centuri, a company which services pipelines.
(Reporting by David French in New York; Editing by Daniel Wallis)
((davidj.french@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That would be an improvement on the deal with Berkshire Hathaway, which had agreed to pay $1.3 billion in cash for Questar and assume $430 million in debt. If the negotiations conclude successfully, Dominion could announce a deal with Southwest Gas as early as this week, the sources said. Dominion announced in July 2020 that it would sell its entire gas infrastructure business to Berkshire Hathaway's energy arm for $9.7 billion including debt. | By David French Oct 3 (Reuters) - Southwest Gas Holdings SWX.N is in advanced talks to acquire Questar Pipeline Company, a gas transportation and storage business of Dominion Energy Inc D.N that Warren Buffett tried to buy, people familiar with the matter said on Sunday. The deal would come three months after Dominion and the energy arm of Buffett's Berkshire Hathaway Inc BRKa.N abandoned their Questar deal on concerns that antitrust regulators would not approve it. Dominion announced in July 2020 that it would sell its entire gas infrastructure business to Berkshire Hathaway's energy arm for $9.7 billion including debt. | By David French Oct 3 (Reuters) - Southwest Gas Holdings SWX.N is in advanced talks to acquire Questar Pipeline Company, a gas transportation and storage business of Dominion Energy Inc D.N that Warren Buffett tried to buy, people familiar with the matter said on Sunday. The deal would come three months after Dominion and the energy arm of Buffett's Berkshire Hathaway Inc BRKa.N abandoned their Questar deal on concerns that antitrust regulators would not approve it. Southwest Gas, a gas distribution company that serves Arizona, California and Nevada, will pay close to $2 billion, including debt, for Questar, whose pipeline and storage network spans Colorado, Utah and Wyoming, the sources said. | The deal would come three months after Dominion and the energy arm of Buffett's Berkshire Hathaway Inc BRKa.N abandoned their Questar deal on concerns that antitrust regulators would not approve it. Dominion announced in July 2020 that it would sell its entire gas infrastructure business to Berkshire Hathaway's energy arm for $9.7 billion including debt. By David French Oct 3 (Reuters) - Southwest Gas Holdings SWX.N is in advanced talks to acquire Questar Pipeline Company, a gas transportation and storage business of Dominion Energy Inc D.N that Warren Buffett tried to buy, people familiar with the matter said on Sunday. |
698877.0 | 2021-09-30 00:00:00 UTC | GE, Siemens Energy settle lawsuit over gas turbines | D | https://www.nasdaq.com/articles/ge-siemens-energy-settle-lawsuit-over-gas-turbines-2021-09-30-0 | nan | nan | Adds context
Sept 30 (Reuters) - General Electric Co GE.N and Siemens Energy AG ENR1n.DE have settled a lawsuit in which GE accused the German company of stealing trade secrets related to gas turbines.
In a filing on Wednesday with a federal court in Richmond, Virginia, GE and Siemens said they had reached a binding settlement agreement. Terms were not disclosed. A federal judge dismissed GE's lawsuit in light of the settlement.
Spokespeople for both companies confirmed the settlement, declining to provide further details.
GE, in a lawsuit filed in January, had accused Siemens Energy of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities and cover up improper business gains totaling more than $1 billion.
GE alleged that the theft traced back to May 2019, when the two industrial conglomerates bid to provide gas turbine equipment and servicing to Dominion Energy Inc D.N.
At the time, a spokesperson for Siemens Energy said the company had identified the receipt of GE's trade secrets "through its own robust compliance processes" and implemented extensive remedial measures in response.
(Reporting by Jonathan Stempel in New York and Christoph Steitz in Frankfurt and Rajesh Kumar Singh in Chicago; editing by Diane Craft and Mark Porter)
((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.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. | Adds context Sept 30 (Reuters) - General Electric Co GE.N and Siemens Energy AG ENR1n.DE have settled a lawsuit in which GE accused the German company of stealing trade secrets related to gas turbines. GE, in a lawsuit filed in January, had accused Siemens Energy of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities and cover up improper business gains totaling more than $1 billion. At the time, a spokesperson for Siemens Energy said the company had identified the receipt of GE's trade secrets "through its own robust compliance processes" and implemented extensive remedial measures in response. | Adds context Sept 30 (Reuters) - General Electric Co GE.N and Siemens Energy AG ENR1n.DE have settled a lawsuit in which GE accused the German company of stealing trade secrets related to gas turbines. GE, in a lawsuit filed in January, had accused Siemens Energy of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities and cover up improper business gains totaling more than $1 billion. GE alleged that the theft traced back to May 2019, when the two industrial conglomerates bid to provide gas turbine equipment and servicing to Dominion Energy Inc D.N. | Adds context Sept 30 (Reuters) - General Electric Co GE.N and Siemens Energy AG ENR1n.DE have settled a lawsuit in which GE accused the German company of stealing trade secrets related to gas turbines. GE, in a lawsuit filed in January, had accused Siemens Energy of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities and cover up improper business gains totaling more than $1 billion. At the time, a spokesperson for Siemens Energy said the company had identified the receipt of GE's trade secrets "through its own robust compliance processes" and implemented extensive remedial measures in response. | Adds context Sept 30 (Reuters) - General Electric Co GE.N and Siemens Energy AG ENR1n.DE have settled a lawsuit in which GE accused the German company of stealing trade secrets related to gas turbines. In a filing on Wednesday with a federal court in Richmond, Virginia, GE and Siemens said they had reached a binding settlement agreement. Terms were not disclosed. |
698878.0 | 2021-09-30 00:00:00 UTC | This Trend Will Dominate the Stock Market for the Next 10 Years | D | https://www.nasdaq.com/articles/this-trend-will-dominate-the-stock-market-for-the-next-10-years-2021-09-30 | nan | nan | One of the best trends to bet on over the next decade could be the growing adoption of sustainable energy technologies -- in particular, renewable energy and electric vehicles (EVs). Costs for both continue to come down, incentives are strong, and 2020 saw a huge push in public policy and corporate objectives toward the goal of carbon neutrality.
Thinking about long-term trends helps give an investment strategy purpose. Many investors made lots of money over the last decade by simply recognizing several growing trends -- all of which were largely built upon a larger and faster internet. Just as software, smartphones, and streaming defined the 2010s, sustainability could be the best investment of the 2020s. Let's break down a few different approaches to profiting from this rising mega-trend.
Image source: Getty Images.
A trend ready for a breakout
Emission reduction target dates vary. Many companies have set medium-term goals for achieving cuts to a certain point by 2025 or even 2030, but the most popular objective seems to be hitting carbon neutrality by 2050. Whether or not that happens will depend heavily on what occurs over the next decade, notes the International Energy Agency (IEA). "Net zero by 2050 hinges on an unprecedented clean technology push to 2030," the agency says its Net Zero by 2050 report.
The IEA estimates that the world economy will be 40% larger by 2030 but will need to consume 7% less energy than it does now to stay on track toward a collective 2050 goal. That may sound impossible, but it's not. Indeed, as the report explains, "all the technologies needed to achieve the necessary deep cuts in global emissions by 2030 already exist, and the policies that can drive their deployment are already proven." Similarly, President Biden set 2030 as the target to reduce U.S. greenhouse gas emissions by at least 50% from 2005 levels.
The income strategy
While it's fairly clear that the world is accelerating its energy transition away from fossil fuels and toward renewable energy, picking the right investments to capitalize on this shift can be a daunting task. After all, the energy industry includes power generation, industrial production, transportation, residential, commercial use, and other categories.
Income investors may lean toward dividend-paying utilities like NextEra Energy, Dominion Energy, or Duke Energy. There's also the category of companies that finance renewable energy projects, featuring such names as Hannon Armstrong.
Similarly, Brookfield Renewable (NYSE: BEP) is one of the largest U.S.-based renewable power companies. It distributes the majority of its earnings to investors through dividends, and management has set a goal of increasing its dividend payout by 5% to 9% annually.
Oil and coal consumption should continue to decrease, but natural gas is likely to keep playing a key role as an energy source that complements renewables. Kinder Morgan is a pipeline giant with a greater than 6% dividend yield at current share prices and a great balance sheet that could pair well with more pure-play renewable energy dividend stocks.
The growth strategy
For risk-tolerant investors, investing in growth stocks can be a great way to expose a portfolio to upside. Companies like SolarEdge Technologies and Enphase Energy have been some of the best-performing stocks over the last few years. These companies manufacture inverters, energy storage systems, and components for solar power deployments. Demand for those has grown in tandem with the growth of the global solar energy industry. Over the next 10 years, smaller companies with more potential like SunPower could be an even better way to invest in the solar boom.
Other under-the-radar options for capitalizing on the green energy push include Array Technologies, a leader in ground-mounted solar tracking devices, and TPI Composites, the world's largest independent manufacturer of wind blades.
In addition, manufacturers of electric vehicles and their associated infrastructure could be a great fit for a lot of portfolios. Tesla was the best-performing large-cap stock in 2020. It remains the EV industry leader, but there's an argument that new players could be even better investments going forward. From legacy automakers like Ford to charging infrastructure companies like ChargePoint to up-and-coming pure-play EV automakers like Lucid Group -- there are plenty of exciting ways to invest in increased EV adoption.
Diversifying has never been easier
No matter your risk profile, taking a basket approach to investing in sustainability is probably the best strategy for protecting your portfolio against the downsides while exposing it to the potential upsides. Some investors may believe there is more profit to be made in wind energy than solar energy, favor hydrogen fuel cells over electric vehicles, or see more upside in compressed natural gas than liquefied natural gas. The beauty of investing today is that you can purchase stocks, exchange-traded funds, or index funds with little to no fees. That low-cost structure makes it easier to diversify and dollar-cost average into positions over time.
By 2030, the world will look much different than it does today. The idea that the clean energy sector will continue to grow well into the future seems like one of the safest bets out there.
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Daniel Foelber owns shares of Array Technologies, Lucid Group, Inc., and TPI Composites and has the following options: long January 2023 $10 calls on Ford, long January 2023 $25 calls on Lucid Group, Inc., short April 2022 $20 calls on Array Technologies, short December 2021 $35 calls on TPI Composites, short February 2022 $24 calls on Lucid Group, Inc., short January 2022 $20 calls on Array Technologies, short January 2023 $12 calls on Ford, short January 2023 $15 puts on SunPower, short January 2023 $20 puts on ChargePoint Holdings Inc., short January 2023 $30 calls on Lucid Group, Inc., short January 2023 $7.50 puts on Lucid Group, Inc., short November 2021 $20 calls on Array Technologies, and short October 2021 $17.50 calls on Array Technologies. The Motley Fool owns shares of and recommends Tesla. The Motley Fool recommends Dominion Energy, Inc, Duke Energy, NextEra Energy, SolarEdge Technologies, and TPI Composites. 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. | Many investors made lots of money over the last decade by simply recognizing several growing trends -- all of which were largely built upon a larger and faster internet. Other under-the-radar options for capitalizing on the green energy push include Array Technologies, a leader in ground-mounted solar tracking devices, and TPI Composites, the world's largest independent manufacturer of wind blades. Diversifying has never been easier No matter your risk profile, taking a basket approach to investing in sustainability is probably the best strategy for protecting your portfolio against the downsides while exposing it to the potential upsides. | Other under-the-radar options for capitalizing on the green energy push include Array Technologies, a leader in ground-mounted solar tracking devices, and TPI Composites, the world's largest independent manufacturer of wind blades. See the 10 stocks *Stock Advisor returns as of September 17, 2021 Daniel Foelber owns shares of Array Technologies, Lucid Group, Inc., and TPI Composites and has the following options: long January 2023 $10 calls on Ford, long January 2023 $25 calls on Lucid Group, Inc., short April 2022 $20 calls on Array Technologies, short December 2021 $35 calls on TPI Composites, short February 2022 $24 calls on Lucid Group, Inc., short January 2022 $20 calls on Array Technologies, short January 2023 $12 calls on Ford, short January 2023 $15 puts on SunPower, short January 2023 $20 puts on ChargePoint Holdings Inc., short January 2023 $30 calls on Lucid Group, Inc., short January 2023 $7.50 puts on Lucid Group, Inc., short November 2021 $20 calls on Array Technologies, and short October 2021 $17.50 calls on Array Technologies. The Motley Fool recommends Dominion Energy, Inc, Duke Energy, NextEra Energy, SolarEdge Technologies, and TPI Composites. | One of the best trends to bet on over the next decade could be the growing adoption of sustainable energy technologies -- in particular, renewable energy and electric vehicles (EVs). See the 10 stocks *Stock Advisor returns as of September 17, 2021 Daniel Foelber owns shares of Array Technologies, Lucid Group, Inc., and TPI Composites and has the following options: long January 2023 $10 calls on Ford, long January 2023 $25 calls on Lucid Group, Inc., short April 2022 $20 calls on Array Technologies, short December 2021 $35 calls on TPI Composites, short February 2022 $24 calls on Lucid Group, Inc., short January 2022 $20 calls on Array Technologies, short January 2023 $12 calls on Ford, short January 2023 $15 puts on SunPower, short January 2023 $20 puts on ChargePoint Holdings Inc., short January 2023 $30 calls on Lucid Group, Inc., short January 2023 $7.50 puts on Lucid Group, Inc., short November 2021 $20 calls on Array Technologies, and short October 2021 $17.50 calls on Array Technologies. The Motley Fool recommends Dominion Energy, Inc, Duke Energy, NextEra Energy, SolarEdge Technologies, and TPI Composites. | One of the best trends to bet on over the next decade could be the growing adoption of sustainable energy technologies -- in particular, renewable energy and electric vehicles (EVs). Other under-the-radar options for capitalizing on the green energy push include Array Technologies, a leader in ground-mounted solar tracking devices, and TPI Composites, the world's largest independent manufacturer of wind blades. The Motley Fool recommends Dominion Energy, Inc, Duke Energy, NextEra Energy, SolarEdge Technologies, and TPI Composites. |
698879.0 | 2021-09-27 00:00:00 UTC | These 3 Dividend-Paying Renewable Energy Stocks Can Help You Withstand a Market Crash | D | https://www.nasdaq.com/articles/these-3-dividend-paying-renewable-energy-stocks-can-help-you-withstand-a-market-crash-2021 | nan | nan | An often underappreciated part of the renewable energy industry is the role financing and owning renewable energy assets has on the industry. Without low-cost financing, renewable energy wouldn't be competitive with fossil fuels because projects need to be financed over decades to justify the upfront cost.
That's opened up a multibillion-dollar industry for finance companies and utilities that are snapping up renewable energy projects around the world. Given how quickly the industry is growing, three Fool.com contributors think Hannon Armstrong (NYSE: HASI), NextEra Energy (NYSE: NEE), and Dominion Energy (NYSE: D) are top renewable energy dividend stocks today.
Image source: Getty Images.
A diverse renewable energy dividend
Travis Hoium (Hannon Armstrong): There are a number of ways to generate yield in renewable energy, like owning electricity-generating assets, owning land under projects, or even financing efficiency upgrades. What I like about Hannon Armstrong is that it is involved in any renewable energy market where it can make a predictable rate of return. This allows management to shift investment to areas with the highest return relative to risk.
Management expects to increase the distributable earnings per share from $1.55 in 2020 to between $1.90 and $2.06 by 2023, a compound annual growth rate of 7% to 10%. And the dividend is expected to grow to between $1.49 and $1.57 over the same time frame, which is a yield of 2.6% at the midpoint based on today's share price.
As the market for renewable energy assets gets more competitive, I think companies with the ability to invest in a diverse group of assets will be more valuable. Hannon Armstrong has been able to find unique, investable assets, and that's helping its business grow. In 2016, the company's portfolio yield was 6.2% with distributable return on equity of 10.1%. In 2020, portfolio yield was up to 7.6%, and distributable return on equity was 10.7% even while interest rates have been falling. This shows management's ability to execute on improving returns as the company grows. That's why this is a top dividend stock in renewable energy today.
Stability when you need it
Howard Smith (NextEra Energy): Many people fear severe market downturns because gains previously made on paper can evaporate quickly. In reality, investors who put themselves in a position to take advantage of stock declines are helping to set up their portfolios for outsize gains upon a recovery. Being in that position not only requires having investable cash available at the right time, but also the mental fortitude to put it to work when others are panicking. That's easier said than done when headlines scream about falling equity values.
Many renewable energy names are aggressive -- or even speculative -- investments in alternative energy and developing technologies. But NextEra Energy has interests in a mix of renewable energy assets in addition to being the parent of traditional utilities Florida Power & Light and Gulf Power. Those utilities make NextEra Energy the largest U.S. integrated utility as measured by retail megawatt-hour sales.
Companies focused on renewables, including solar, wind, hydrogen, or other alternative sources, will typically respond as aggressive investments normally do in a downturn -- with above-average volatility leading to declines that may make owners especially nervous. But while NextEra gives investors the positive side of growth that aggressive investments provide, its regulated utilities should furnish investors' ballast in the storm of a market crash.
For that, investors have to accept a dividend yield that is slightly lower than what many expect from a utility. At its recent share price, NextEra's dividend represents a 1.84% yield. But an investment in NextEra comes with the advantage of a renewables segment that should spark above-average growth over the long term and allow investors to feel more secure and ready to find promising investment opportunities when the market corrects.
The stability allows NextEra management to expect dividend per-share growth of approximately 10% at least through next year. And the growing renewables segment helps them confidently tell investors they "will be disappointed" if financial results don't come "at or near the top end" of the expected range of adjusted earnings-per-share growth of between 6% and 8% through at least 2023. That balance is what can help investors feel more secure in weathering the next market crash.
A balanced utility that's on the upswing
Daniel Foelber (Dominion Energy): I agree with Howard that NextEra Energy is a top-tier renewable energy stock that can thrive well into the future. As an investment, its combination of stable earnings growth, an industry-leading portfolio, and dividend increases is a unique and attractive offering.
A similar investment is Dominion Energy. It's another utility with a less consistent track record than NextEra, but it comes at a cheaper price and with a higher annual dividend yield at 3.3%.
Investors may be raising their eyebrows that Dominion Energy's quarterly dividend is now $0.63 a share, two-thirds of what it was a year ago. Yet there's an argument that Dominion's cut was the right decision for its business.
After losing billions from the failed Atlantic Coast Pipeline, Dominion has been hard at work adjusting its strategy to invest in more profitable assets. That kind of thinking has led it toward a higher concentration of renewable energy investments, which Dominion believes will produce stable earnings over the long term.
Dominion has also been investing heavily in renewable natural gas. It expects its RNG portfolio to more than triple in the second half of the decade -- a strategy that will reduce the company's carbon footprint while diversifying its revenue stream.
Dominion Energy has spent the last 15 years transitioning its portfolio away from coal toward natural gas. Over the next 15 years, it aims to shift a great deal of its portfolio from natural gas toward renewables. In addition to corporate objectives, favorable federal and state policy could accelerate Dominion's renewable investments. In its second-quarter 2021earnings call management noted the passing of the Virginia Clean Economy Act as a significant step in the energy transition (Dominion's home state and major place of operation is Virginia). "We now have an obligation to seek approval for a substantial number of renewables over the course of the next 1.5 decades, solar, offshore wind, storage, all of that," said Dominion Energy CEO, Bob Blue. "And we're going to need to modify the grid in order to make sure that we keep operating in that environment."
In sum, Dominion Energy looks like a dividend stock with stable earnings and exciting investments strong enough to withstand a market crash.
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Daniel Foelber has no position in any of the stocks mentioned. Howard Smith owns shares of NextEra Energy. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy, Inc and NextEra Energy. 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. | Companies focused on renewables, including solar, wind, hydrogen, or other alternative sources, will typically respond as aggressive investments normally do in a downturn -- with above-average volatility leading to declines that may make owners especially nervous. And the growing renewables segment helps them confidently tell investors they "will be disappointed" if financial results don't come "at or near the top end" of the expected range of adjusted earnings-per-share growth of between 6% and 8% through at least 2023. "We now have an obligation to seek approval for a substantial number of renewables over the course of the next 1.5 decades, solar, offshore wind, storage, all of that," said Dominion Energy CEO, Bob Blue. | Given how quickly the industry is growing, three Fool.com contributors think Hannon Armstrong (NYSE: HASI), NextEra Energy (NYSE: NEE), and Dominion Energy (NYSE: D) are top renewable energy dividend stocks today. A diverse renewable energy dividend Travis Hoium (Hannon Armstrong): There are a number of ways to generate yield in renewable energy, like owning electricity-generating assets, owning land under projects, or even financing efficiency upgrades. But an investment in NextEra comes with the advantage of a renewables segment that should spark above-average growth over the long term and allow investors to feel more secure and ready to find promising investment opportunities when the market corrects. | Given how quickly the industry is growing, three Fool.com contributors think Hannon Armstrong (NYSE: HASI), NextEra Energy (NYSE: NEE), and Dominion Energy (NYSE: D) are top renewable energy dividend stocks today. A diverse renewable energy dividend Travis Hoium (Hannon Armstrong): There are a number of ways to generate yield in renewable energy, like owning electricity-generating assets, owning land under projects, or even financing efficiency upgrades. A balanced utility that's on the upswing Daniel Foelber (Dominion Energy): I agree with Howard that NextEra Energy is a top-tier renewable energy stock that can thrive well into the future. | As the market for renewable energy assets gets more competitive, I think companies with the ability to invest in a diverse group of assets will be more valuable. Hannon Armstrong has been able to find unique, investable assets, and that's helping its business grow. In 2016, the company's portfolio yield was 6.2% with distributable return on equity of 10.1%. |
698880.0 | 2021-09-27 00:00:00 UTC | PennEast becomes the latest to scuttle a natural gas pipeline project | D | https://www.nasdaq.com/articles/penneast-becomes-the-latest-to-scuttle-a-natural-gas-pipeline-project-2021-09-27 | nan | nan | By Scott DiSavino
Sept 27 (Reuters) - PennEast Pipeline said on Monday it would stop developing a proposed pipeline from Pennsylvania to New Jersey, the latest in a series of natural gas lines to run aground due to legal and regulatory challenges.
The project was one of several proposed in recent years to draw natural gas from the fast-growing Appalachian region, only to run into local or environmental opposition to more fossil-fuel infrastructure. Gas prices have surged worldwide due to rising demand and lack of supply.
In the United States, there is plenty of product available for heating and power generation. But with the cancellation of PennEast, the industry is becoming more concerned that the vast growth in Appalachia's production will become trapped.
Much of the growth in U.S. gas production over the past decade that turned the United States from a gas importer into one of the world's biggest exporters of the fuel has come from the Appalachian region.
PennEast was cancelled, the company said, because it had not yet received all of its required permits. The project was one of the last major ones in the works set to pull gas from the Marcellus/Utica formation in Pennsylvania, Ohio and West Virginia, the biggest gas shale basin in the United States.
"The PennEast partners, following extensive evaluation and discussion, recently determined further development of the project no longer is supported," PennEast said in an email, noting it "has ceased all further development of the project."
U.S. natural gas prices are at a seven-year high, boosted by overseas demand for U.S. liquefied natural gas (LNG) exports. Global gas prices are at a record due to low storage levels in Europe and insatiable demand in Asia. NGA/
Other East Coast gas pipes held up by regulators and legal battles include Williams Cos Inc's WMB.N Northeast Supply Enhancement from Pennsylvania to New Jersey and New York, and Dominion Energy Inc's D.N Atlantic Coast from West Virginia to Virginia and North Carolina. The latter was cancelled in 2020.
PennEast decided to stop development even though the U.S. Supreme Court in June ruled in its favor in a lawsuit allowing the line to seize state-owned or controlled land in New Jersey.
As recently as August, PennEast said it still hoped to finish the first phase of the $1.2 billion pipe in Pennsylvania in 2022. However, the company still lacks certain permits, including a water quality certification in New Jersey.
The 120-mile (193 kilometer) pipe was designed to deliver 1.1 billion cubic feet per day of gas from the Marcellus shale to customers in Pennsylvania and New Jersey. One billion cubic feet is enough gas for about five million U.S. homes for a day.
PennEast had initially hoped to complete the project in 2019.
U.S. gives Williams more time to build Pennsylvania-NY natgas line
PennEast aims to complete first phase of natgas pipe in 2022, despite right-of-way delay
(Reporting by Scott DiSavino; Editing by Bill Berkrot and Mark Potter)
((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | The project was one of several proposed in recent years to draw natural gas from the fast-growing Appalachian region, only to run into local or environmental opposition to more fossil-fuel infrastructure. PennEast decided to stop development even though the U.S. Supreme Court in June ruled in its favor in a lawsuit allowing the line to seize state-owned or controlled land in New Jersey. The 120-mile (193 kilometer) pipe was designed to deliver 1.1 billion cubic feet per day of gas from the Marcellus shale to customers in Pennsylvania and New Jersey. | By Scott DiSavino Sept 27 (Reuters) - PennEast Pipeline said on Monday it would stop developing a proposed pipeline from Pennsylvania to New Jersey, the latest in a series of natural gas lines to run aground due to legal and regulatory challenges. The project was one of the last major ones in the works set to pull gas from the Marcellus/Utica formation in Pennsylvania, Ohio and West Virginia, the biggest gas shale basin in the United States. U.S. gives Williams more time to build Pennsylvania-NY natgas line PennEast aims to complete first phase of natgas pipe in 2022, despite right-of-way delay (Reporting by Scott DiSavino; Editing by Bill Berkrot and Mark Potter) ((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.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. | By Scott DiSavino Sept 27 (Reuters) - PennEast Pipeline said on Monday it would stop developing a proposed pipeline from Pennsylvania to New Jersey, the latest in a series of natural gas lines to run aground due to legal and regulatory challenges. Much of the growth in U.S. gas production over the past decade that turned the United States from a gas importer into one of the world's biggest exporters of the fuel has come from the Appalachian region. The project was one of the last major ones in the works set to pull gas from the Marcellus/Utica formation in Pennsylvania, Ohio and West Virginia, the biggest gas shale basin in the United States. | By Scott DiSavino Sept 27 (Reuters) - PennEast Pipeline said on Monday it would stop developing a proposed pipeline from Pennsylvania to New Jersey, the latest in a series of natural gas lines to run aground due to legal and regulatory challenges. Much of the growth in U.S. gas production over the past decade that turned the United States from a gas importer into one of the world's biggest exporters of the fuel has come from the Appalachian region. The project was one of the last major ones in the works set to pull gas from the Marcellus/Utica formation in Pennsylvania, Ohio and West Virginia, the biggest gas shale basin in the United States. |
698881.0 | 2021-09-26 00:00:00 UTC | 5 Top Dividend Payers of the S&P 500 | D | https://www.nasdaq.com/articles/5-top-dividend-payers-of-the-sp-500-2021-09-26 | nan | nan | The S&P 500 Index has a miserly yield of just 1.3%. But that's a mixture of companies, with stocks offering no yield offsetting names that have quite attractive yields. Here are five of the best dividend-paying companies in this investment benchmark.
1. Stuck in the middle
Kinder Morgan (NYSE: KMI) is one of the largest midstream companies in North America, helping to move oil and natural gas from where it is drilled to where it eventually gets used. Its portfolio of pipelines, storage, and processing assets would be virtually impossible to replace. Its business is largely fee-based, as it gets paid based on the use of its system and not on the price of the commodities flowing through it.
The yield is a hefty 6.7% right now. To be fair, the dividend was cut in 2016 after management had previously suggested a dividend increase was in the cards, which may turn off more conservative investors. However, the company has since gotten back on the dividend growth path, and has been careful to ensure it can support its dividend over the long term this time around.
Image source: Getty Images.
2. The best balance sheet in oil
Sticking with the energy theme, the next name up is U.S. integrated oil giant Chevron (NYSE: CVX). Commodity prices drive the top and bottom lines here, which can make earnings quite volatile. However, Chevron has the strongest balance sheet in its peer group (the debt-to-equity ratio is a modest 0.33 times), providing a solid financial foundation. And despite the often material ups and downs of oil prices, it has strung together an incredible 34 years worth of annual dividend hikes, making it a Dividend Aristocrat. Management clearly knows how to deal with a volatile commodity market.
Right now the yield is a historically generous 5.5%.
3. Far from dead
Mall landlord Simon Property Group (NYSE: SPG) and its 4.5% dividend yield might be a tough sell for some investors. That's fair, given that this real estate investment trust wound up cutting its dividend in 2020 as it dealt with the impact of the coronavirus pandemic. However, the over-200 properties Simon owns are generally well located and likely to end up benefiting from the troubles in the mall space. That's because as weaker malls close, the remaining malls become more attractive to shoppers and retailers in a reverse networking effect.
But what's really interesting here is that Simon increased its full-year 2021 earnings guidance in each of the first and second quarters. It also hiked its dividend each quarter as well. While some investors may fear that the mall is dead, Simon appears to be bouncing back strongly after a tough year and proving that its death has been greatly exaggerated. More aggressive investors might find this contrarian high-yield play alluring.
K Dividend Yield data by YCharts
4. Hidden success
Food maker Kellogg (NYSE: K) is a name that you probably know because of its iconic list of cereal brands. However, management has been overhauling the company's portfolio in recent years. Cereal is now just a third or so of the business, with snacks at roughly 50% and frozen foods the remainder. Snacks is a faster-growing industry segment, so this is fairly solid decision that follows along with customer demand.
Kellogg has also been building a position in the emerging African market (where noodles are a key product), which should help support long-term growth.
The problem is that the big repositioning was completed just in time for the coronavirus to complicate the progress this food company was making. But if you look over a two year period, which helps to even out the unusual demand jump in 2020, annualized organic sales growth is a strong 5%. In other words, it looks like Kellogg is moving in the right direction. Meanwhile, the yield is a historically high 3.6% or so.
5. Ready for dividend growth
Utility Dominion Energy (NYSE: D) is another name that cut its dividend recently, but that's because it sold a major portion of its business in something of a conservative reset. It was the culmination of a multi-year effort to simplify its operations and, just as important, reduce risk. Today it is basically a boring old utility.
However, thanks to the reset dividend, it is now in a position to start hiking the quarterly disbursement by a projected 6% a year over the foreseeable future. That is an impressive number for a utility, and is expected to be driven by regulator-approved spending that allows for regular price hikes. And while you can probably find a utility with a higher yield than Dominion's 3.4%, the mix of yield and dividend growth is actually quite compelling.
Good yields exist if you look hard enough
The elevated level of the broader market has left the yield on the S&P 500 at a painfully low level. But that doesn't mean you can't find sizable yields on offer from good companies. You just have to dig a little deeper to pick them out. All five of the names here have relatively generous yields and strong backstories. Do a deep dive on them and you might find that one -- or more -- ends up in your portfolio today.
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Reuben Gregg Brewer owns shares of Dominion Energy, Inc, Kellogg, and Simon Property Group. The Motley Fool owns shares of and recommends Kinder Morgan. 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. | Stuck in the middle Kinder Morgan (NYSE: KMI) is one of the largest midstream companies in North America, helping to move oil and natural gas from where it is drilled to where it eventually gets used. However, Chevron has the strongest balance sheet in its peer group (the debt-to-equity ratio is a modest 0.33 times), providing a solid financial foundation. While some investors may fear that the mall is dead, Simon appears to be bouncing back strongly after a tough year and proving that its death has been greatly exaggerated. | Ready for dividend growth Utility Dominion Energy (NYSE: D) is another name that cut its dividend recently, but that's because it sold a major portion of its business in something of a conservative reset. See the 10 stocks *Stock Advisor returns as of September 17, 2021 Reuben Gregg Brewer owns shares of Dominion Energy, Inc, Kellogg, and Simon Property Group. The Motley Fool owns shares of and recommends Kinder Morgan. | Far from dead Mall landlord Simon Property Group (NYSE: SPG) and its 4.5% dividend yield might be a tough sell for some investors. Ready for dividend growth Utility Dominion Energy (NYSE: D) is another name that cut its dividend recently, but that's because it sold a major portion of its business in something of a conservative reset. And while you can probably find a utility with a higher yield than Dominion's 3.4%, the mix of yield and dividend growth is actually quite compelling. | But that's a mixture of companies, with stocks offering no yield offsetting names that have quite attractive yields. However, the company has since gotten back on the dividend growth path, and has been careful to ensure it can support its dividend over the long term this time around. And while you can probably find a utility with a higher yield than Dominion's 3.4%, the mix of yield and dividend growth is actually quite compelling. |
698882.0 | 2021-09-25 00:00:00 UTC | Bullish insiders at Dominion Energy, Inc. (NYSE:D) loaded up on US$1.1m of stock earlier this year | D | https://www.nasdaq.com/articles/bullish-insiders-at-dominion-energy-inc.-nyse%3Ad-loaded-up-on-us%241.1m-of-stock-earlier-this | nan | nan | Multiple insiders secured a larger position in Dominion Energy, Inc. (NYSE:D) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Dominion Energy Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by President Robert Blue for US$1m worth of shares, at about US$69.44 per share. That implies that an insider found the current price of US$74.58 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Dominion Energy insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 16.40k shares worth US$1.1m. On the other hand they divested 2.95k shares, for US$251k. In total, Dominion Energy insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
NYSE:D Insider Trading Volume September 25th 2021
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Dominion Energy
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 0.1% of Dominion Energy shares, worth about US$85m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Dominion Energy Insiders?
It doesn't really mean much that no insider has traded Dominion Energy shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Dominion Energy and we see no evidence to suggest they are worried about the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, Dominion Energy has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.
Of course Dominion Energy may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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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. | Multiple insiders secured a larger position in Dominion Energy, Inc. (NYSE:D) shares over the last 12 months. Happily, the Dominion Energy insiders decided to buy shares at close to current prices. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. | Happily, the Dominion Energy insiders decided to buy shares at close to current prices. So What Does This Data Suggest About Dominion Energy Insiders? It doesn't really mean much that no insider has traded Dominion Energy shares in the last quarter. | Dominion Energy Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by President Robert Blue for US$1m worth of shares, at about US$69.44 per share. NYSE:D Insider Trading Volume September 25th 2021 There are plenty of other companies that have insiders buying up shares. Insider Ownership of Dominion Energy Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. | Insiders own 0.1% of Dominion Energy shares, worth about US$85m. So What Does This Data Suggest About Dominion Energy Insiders? Of course Dominion Energy may not be the best stock to buy. |
698883.0 | 2021-09-23 00:00:00 UTC | S&P 500 Analyst Moves: D | D | https://www.nasdaq.com/articles/sp-500-analyst-moves%3A-d-2021-09-23 | nan | nan | The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Dominion Energy (D) is now the #165 analyst pick, moving up by 1 spot.
This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.
Looking at the stock price movement year to date, Dominion Energy (D) is lower by about 0.3%.
VIDEO: S&P 500 Analyst Moves: D
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Dominion Energy (D) is now the #165 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values. Looking at the stock price movement year to date, Dominion Energy (D) is lower by about 0.3%. | The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Dominion Energy (D) is now the #165 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values. VIDEO: S&P 500 Analyst Moves: D The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Dominion Energy (D) is now the #165 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values. VIDEO: S&P 500 Analyst Moves: D The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Dominion Energy (D) is now the #165 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values. Looking at the stock price movement year to date, Dominion Energy (D) is lower by about 0.3%. |
698884.0 | 2021-09-23 00:00:00 UTC | Dominion Energy Moves Up In Analyst Rankings, Passing CMS Energy Corp | D | https://www.nasdaq.com/articles/dominion-energy-moves-up-in-analyst-rankings-passing-cms-energy-corp-2021-09-23 | nan | nan | In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Dominion Energy Inc (Symbol: D) has taken over the #165 spot from CMS Energy Corp (Symbol: CMS), according to ETF Channel. Below is a chart of Dominion Energy Inc versus CMS Energy Corp plotting their respective rank within the S&P 500 over time (D plotted in blue; CMS plotted in green):
Below is a three month price history chart comparing the stock performance of D vs. CMS:
D is currently trading up about 0.2%, while CMS is off about 0.1% midday Thursday.
Favorites »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Dominion Energy Inc (Symbol: D) has taken over the #165 spot from CMS Energy Corp (Symbol: CMS), according to ETF Channel. Below is a chart of Dominion Energy Inc versus CMS Energy Corp plotting their respective rank within the S&P 500 over time (D plotted in blue; CMS plotted in green): Below is a three month price history chart comparing the stock performance of D vs. CMS: D is currently trading up about 0.2%, while CMS is off about 0.1% midday Thursday. Favorites » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Dominion Energy Inc (Symbol: D) has taken over the #165 spot from CMS Energy Corp (Symbol: CMS), according to ETF Channel. Below is a chart of Dominion Energy Inc versus CMS Energy Corp plotting their respective rank within the S&P 500 over time (D plotted in blue; CMS plotted in green): Below is a three month price history chart comparing the stock performance of D vs. CMS: D is currently trading up about 0.2%, while CMS is off about 0.1% midday Thursday. Favorites » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Dominion Energy Inc (Symbol: D) has taken over the #165 spot from CMS Energy Corp (Symbol: CMS), according to ETF Channel. Below is a chart of Dominion Energy Inc versus CMS Energy Corp plotting their respective rank within the S&P 500 over time (D plotted in blue; CMS plotted in green): Below is a three month price history chart comparing the stock performance of D vs. CMS: D is currently trading up about 0.2%, while CMS is off about 0.1% midday Thursday. Favorites » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Dominion Energy Inc (Symbol: D) has taken over the #165 spot from CMS Energy Corp (Symbol: CMS), according to ETF Channel. Below is a chart of Dominion Energy Inc versus CMS Energy Corp plotting their respective rank within the S&P 500 over time (D plotted in blue; CMS plotted in green): Below is a three month price history chart comparing the stock performance of D vs. CMS: D is currently trading up about 0.2%, while CMS is off about 0.1% midday Thursday. Favorites » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
698885.0 | 2021-09-16 00:00:00 UTC | Dominion Energy (D) Shares Cross Below 200 DMA | D | https://www.nasdaq.com/articles/dominion-energy-d-shares-cross-below-200-dma-2021-09-16 | nan | nan | In trading on Thursday, shares of Dominion Energy Inc (Symbol: D) crossed below their 200 day moving average of $75.47, changing hands as low as $74.90 per share. Dominion Energy Inc shares are currently trading down about 0.8% 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 $67.85 per share, with $86.95 as the 52 week high point — that compares with a last trade of $74.92. The D DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Dominion Energy Inc (Symbol: D) crossed below their 200 day moving average of $75.47, changing hands as low as $74.90 per share. 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 $67.85 per share, with $86.95 as the 52 week high point — that compares with a last trade of $74.92. The D DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Dominion Energy Inc (Symbol: D) crossed below their 200 day moving average of $75.47, changing hands as low as $74.90 per share. 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 $67.85 per share, with $86.95 as the 52 week high point — that compares with a last trade of $74.92. The D DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Dominion Energy Inc (Symbol: D) crossed below their 200 day moving average of $75.47, changing hands as low as $74.90 per share. 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 $67.85 per share, with $86.95 as the 52 week high point — that compares with a last trade of $74.92. The D DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Dominion Energy Inc (Symbol: D) crossed below their 200 day moving average of $75.47, changing hands as low as $74.90 per share. Dominion Energy Inc shares are currently trading down about 0.8% 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 $67.85 per share, with $86.95 as the 52 week high point — that compares with a last trade of $74.92. |
698886.0 | 2021-09-15 00:00:00 UTC | XLU, DUK, SO, D: ETF Outflow Alert | D | https://www.nasdaq.com/articles/xlu-duk-so-d%3A-etf-outflow-alert-2021-09-15 | nan | nan | 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 $269.1 million dollar outflow -- that's a 2.0% decrease week over week (from 200,720,000 to 196,770,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is off about 0.2%, Southern Company (Symbol: SO) is off about 0.2%, and Dominion Energy Inc (Symbol: D) is lower 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 $56.72 per share, with $70.07 as the 52 week high point — that compares with a last trade of $68.09. 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. | 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 $269.1 million dollar outflow -- that's a 2.0% decrease week over week (from 200,720,000 to 196,770,000). 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. | 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 $56.72 per share, with $70.07 as the 52 week high point — that compares with a last trade of $68.09. 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. | 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 $269.1 million dollar outflow -- that's a 2.0% decrease week over week (from 200,720,000 to 196,770,000). 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 $56.72 per share, with $70.07 as the 52 week high point — that compares with a last trade of $68.09. 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. | 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 $269.1 million dollar outflow -- that's a 2.0% decrease week over week (from 200,720,000 to 196,770,000). 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 $56.72 per share, with $70.07 as the 52 week high point — that compares with a last trade of $68.09. 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). |
698887.0 | 2021-09-14 00:00:00 UTC | Gail India issues tender seeking and offering LNG cargoes - sources | D | https://www.nasdaq.com/articles/gail-india-issues-tender-seeking-and-offering-lng-cargoes-sources-2021-09-14 | nan | nan | SINGAPORE, Sept 14 (Reuters) - Gail (India) GAIL.NS has issued a tender seeking to buy two liquefied natural gas (LNG) cargoes for delivery into India and offering a cargo for loading from the United States, two industry sources said on Tuesday.
It is seeking a cargo for delivery into Dabhol over Nov. 7-13 and a cargo for delivery into Dahej over Dec. 26-28, one of the sources said.
It has offered a cargo for loading from the Cove Point plant in the United States over Jan. 20-22, the source said, adding that the tender closes on Sept. 15.
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.A Sabine Pass site in Louisiana.
(Reporting by Jessica Jaganathan, Editing by Louise Heavens)
((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/j3ssi3))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SINGAPORE, Sept 14 (Reuters) - Gail (India) GAIL.NS has issued a tender seeking to buy two liquefied natural gas (LNG) cargoes for delivery into India and offering a cargo for loading from the United States, two industry sources said on Tuesday. It has offered a cargo for loading from the Cove Point plant in the United States over Jan. 20-22, the source said, adding that the tender closes on Sept. 15. 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.A Sabine Pass site in Louisiana. | SINGAPORE, Sept 14 (Reuters) - Gail (India) GAIL.NS has issued a tender seeking to buy two liquefied natural gas (LNG) cargoes for delivery into India and offering a cargo for loading from the United States, two industry sources said on Tuesday. It has offered a cargo for loading from the Cove Point plant in the United States over Jan. 20-22, the source said, adding that the tender closes on Sept. 15. 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.A Sabine Pass site in Louisiana. | SINGAPORE, Sept 14 (Reuters) - Gail (India) GAIL.NS has issued a tender seeking to buy two liquefied natural gas (LNG) cargoes for delivery into India and offering a cargo for loading from the United States, two industry sources said on Tuesday. It has offered a cargo for loading from the Cove Point plant in the United States over Jan. 20-22, the source said, adding that the tender closes on Sept. 15. (Reporting by Jessica Jaganathan, Editing by Louise Heavens) ((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/j3ssi3)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SINGAPORE, Sept 14 (Reuters) - Gail (India) GAIL.NS has issued a tender seeking to buy two liquefied natural gas (LNG) cargoes for delivery into India and offering a cargo for loading from the United States, two industry sources said on Tuesday. It has offered a cargo for loading from the Cove Point plant in the United States over Jan. 20-22, the source said, adding that the tender closes on Sept. 15. (Reporting by Jessica Jaganathan, Editing by Louise Heavens) ((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/j3ssi3)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
698888.0 | 2021-09-08 00:00:00 UTC | How The Parts Add Up: EMLP Targets $27 | D | https://www.nasdaq.com/articles/how-the-parts-add-up%3A-emlp-targets-%2427-2021-09-08 | nan | nan | 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 North American Energy Infrastructure Fund ETF (Symbol: EMLP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $27.28 per unit.
With EMLP trading at a recent price near $24.71 per unit, that means that analysts see 10.42% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EMLP's underlying holdings with notable upside to their analyst target prices are Dominion Energy Inc (Symbol: D), Public Service Enterprise Group Inc (Symbol: PEG), and American Electric Power Co Inc (Symbol: AEP). Although D has traded at a recent price of $76.52/share, the average analyst target is 11.60% higher at $85.40/share. Similarly, PEG has 10.65% upside from the recent share price of $62.98 if the average analyst target price of $69.69/share is reached, and analysts on average are expecting AEP to reach a target price of $98.38/share, which is 10.65% above the recent price of $88.91. Below is a twelve month price history chart comparing the stock performance of D, PEG, and AEP:
Combined, D, PEG, and AEP represent 5.48% of the First Trust North American Energy Infrastructure Fund 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
First Trust North American Energy Infrastructure Fund ETF EMLP $24.71 $27.28 10.42%
Dominion Energy Inc D $76.52 $85.40 11.60%
Public Service Enterprise Group Inc PEG $62.98 $69.69 10.65%
American Electric Power Co Inc AEP $88.91 $98.38 10.65%
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. | Below is a twelve month price history chart comparing the stock performance of D, PEG, and AEP: Combined, D, PEG, and AEP represent 5.48% of the First Trust North American Energy Infrastructure Fund ETF. First Trust North American Energy Infrastructure Fund ETF EMLP $24.71 $27.28 10.42% Dominion Energy Inc D $76.52 $85.40 11.60% Public Service Enterprise Group Inc PEG $62.98 $69.69 10.65% American Electric Power Co Inc AEP $88.91 $98.38 10.65% 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? | For the First Trust North American Energy Infrastructure Fund ETF (Symbol: EMLP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $27.28 per unit. Three of EMLP's underlying holdings with notable upside to their analyst target prices are Dominion Energy Inc (Symbol: D), Public Service Enterprise Group Inc (Symbol: PEG), and American Electric Power Co Inc (Symbol: AEP). First Trust North American Energy Infrastructure Fund ETF EMLP $24.71 $27.28 10.42% Dominion Energy Inc D $76.52 $85.40 11.60% Public Service Enterprise Group Inc PEG $62.98 $69.69 10.65% American Electric Power Co Inc AEP $88.91 $98.38 10.65% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | 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, PEG has 10.65% upside from the recent share price of $62.98 if the average analyst target price of $69.69/share is reached, and analysts on average are expecting AEP to reach a target price of $98.38/share, which is 10.65% above the recent price of $88.91. 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. | For the First Trust North American Energy Infrastructure Fund ETF (Symbol: EMLP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $27.28 per unit. With EMLP trading at a recent price near $24.71 per unit, that means that analysts see 10.42% upside for this ETF looking through to the average analyst targets of the underlying holdings. Similarly, PEG has 10.65% upside from the recent share price of $62.98 if the average analyst target price of $69.69/share is reached, and analysts on average are expecting AEP to reach a target price of $98.38/share, which is 10.65% above the recent price of $88.91. |
698889.0 | 2021-09-07 00:00:00 UTC | YieldBoost Dominion Energy To 11.7% Using Options | D | https://www.nasdaq.com/articles/yieldboost-dominion-energy-to-11.7-using-options-2021-09-07 | nan | nan | Shareholders of Dominion Energy Inc (Symbol: D) looking to boost their income beyond the stock's 3.3% annualized dividend yield can sell the April 2022 covered call at the $77.50 strike and collect the premium based on the $3.90 bid, which annualizes to an additional 8.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.7% annualized rate in the scenario where the stock is not called away. Any upside above $77.50 would be lost if the stock rises there and is called away, but D shares would have to advance 0.1% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 5.2% return from this trading level, in addition to any dividends collected before the stock was called.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Dominion Energy Inc, looking at the dividend history chart for D below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3.3% annualized dividend yield.
Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2022 covered call at the $77.50 strike gives good reward for the risk of having given away the upside beyond $77.50. (Do most options expire worthless? This and six other common options myths debunked). We calculate the trailing twelve month volatility for Dominion Energy Inc (considering the last 251 trading day closing values as well as today's price of $77.05) to be 18%. For other call options contract ideas at the various different available expirations, visit the D Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Tuesday, the put volume among S&P 500 components was 1.19M contracts, with call volume at 2.61M, for a put:call ratio of 0.45 so far for the day. Compared to the long-term median put:call ratio of .65, that represents very high call volume relative to puts; in other words, buyers are preferring calls in options trading so far today. Find out which 15 call and put options traders are talking about today.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2022 covered call at the $77.50 strike gives good reward for the risk of having given away the upside beyond $77.50. We calculate the trailing twelve month volatility for Dominion Energy Inc (considering the last 251 trading day closing values as well as today's price of $77.05) to be 18%. | Shareholders of Dominion Energy Inc (Symbol: D) looking to boost their income beyond the stock's 3.3% annualized dividend yield can sell the April 2022 covered call at the $77.50 strike and collect the premium based on the $3.90 bid, which annualizes to an additional 8.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.7% annualized rate in the scenario where the stock is not called away. Any upside above $77.50 would be lost if the stock rises there and is called away, but D shares would have to advance 0.1% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 5.2% return from this trading level, in addition to any dividends collected before the stock was called. We calculate the trailing twelve month volatility for Dominion Energy Inc (considering the last 251 trading day closing values as well as today's price of $77.05) to be 18%. | Shareholders of Dominion Energy Inc (Symbol: D) looking to boost their income beyond the stock's 3.3% annualized dividend yield can sell the April 2022 covered call at the $77.50 strike and collect the premium based on the $3.90 bid, which annualizes to an additional 8.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.7% annualized rate in the scenario where the stock is not called away. Any upside above $77.50 would be lost if the stock rises there and is called away, but D shares would have to advance 0.1% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 5.2% return from this trading level, in addition to any dividends collected before the stock was called. Compared to the long-term median put:call ratio of .65, that represents very high call volume relative to puts; in other words, buyers are preferring calls in options trading so far today. | Shareholders of Dominion Energy Inc (Symbol: D) looking to boost their income beyond the stock's 3.3% annualized dividend yield can sell the April 2022 covered call at the $77.50 strike and collect the premium based on the $3.90 bid, which annualizes to an additional 8.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.7% annualized rate in the scenario where the stock is not called away. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the April 2022 covered call at the $77.50 strike gives good reward for the risk of having given away the upside beyond $77.50. For other call options contract ideas at the various different available expirations, visit the D Stock Options page of StockOptionsChannel.com. |
698890.0 | 2021-09-07 00:00:00 UTC | Global reinsurance rates to keep rising next year - Moody's | D | https://www.nasdaq.com/articles/global-reinsurance-rates-to-keep-rising-next-year-moodys-2021-09-07 | nan | nan | Adds detail, Fitch, Swiss Re
LONDON, Sept 7 (Reuters) - Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday.
Reinsurance rates have been rising in the past few years after natural disasters such as hurricanes and wildfires, as well as from the impact of the COVID-19 pandemic.
"We expect this (price) trend to continue," Moody's insurance credit analyst Helena Kingsley-Tomkins told a media briefing.
Insurers and reinsurers face the risk of future natural catastrophes, with climate change making them harder to predict. Moody's said demand for insurance and reinsurance is also rising as the global economy recovers.
The ratings agency also raised its outlook on global reinsurers to stable from negative on Tuesday, citing rising premium rates amid a global economic rebound.
Reinsurers share the burden of large losses such as from hurricanes with insurers, in return for part of the premium.
Insurance losses as a result of the pandemic had amounted to around $37 billion so far, Kingsley-Tomkins said, far below initial industry projections of as much as $100 billion.
Fitch also said on Tuesday the outlook for the sector was improving due to higher prices, an economic rebound and lower pandemic-related losses.
The ratings agencies usually update their outlooks ahead of an annual reinsurance event in Monte Carlo each September. The event is taking place virtually this year.
Global property and casualty (P&C) insurance premiums are set to more than double to $4.3 trillion in 2040 from $1.8 trillion in 2020 as the sector shifts from lower-risk motor insurance towards higher-risk property and liability lines, the Swiss Re Institute forecast this week.
(Reporting by Carolyn Cohn; editing by Marc Jones and Susan Fenton)
((carolyn.cohn@thomsonreuters.com; 44 207 513 4391;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Adds detail, Fitch, Swiss Re LONDON, Sept 7 (Reuters) - Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday. "We expect this (price) trend to continue," Moody's insurance credit analyst Helena Kingsley-Tomkins told a media briefing. Fitch also said on Tuesday the outlook for the sector was improving due to higher prices, an economic rebound and lower pandemic-related losses. | Adds detail, Fitch, Swiss Re LONDON, Sept 7 (Reuters) - Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday. "We expect this (price) trend to continue," Moody's insurance credit analyst Helena Kingsley-Tomkins told a media briefing. The ratings agency also raised its outlook on global reinsurers to stable from negative on Tuesday, citing rising premium rates amid a global economic rebound. | Adds detail, Fitch, Swiss Re LONDON, Sept 7 (Reuters) - Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday. The ratings agency also raised its outlook on global reinsurers to stable from negative on Tuesday, citing rising premium rates amid a global economic rebound. Global property and casualty (P&C) insurance premiums are set to more than double to $4.3 trillion in 2040 from $1.8 trillion in 2020 as the sector shifts from lower-risk motor insurance towards higher-risk property and liability lines, the Swiss Re Institute forecast this week. | Adds detail, Fitch, Swiss Re LONDON, Sept 7 (Reuters) - Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday. Reinsurance rates have been rising in the past few years after natural disasters such as hurricanes and wildfires, as well as from the impact of the COVID-19 pandemic. The ratings agency also raised its outlook on global reinsurers to stable from negative on Tuesday, citing rising premium rates amid a global economic rebound. |
698891.0 | 2021-09-01 00:00:00 UTC | NextEra Energy vs. Dominion Energy: Which Renewable Energy Stock to Choose? | D | https://www.nasdaq.com/articles/nextera-energy-vs.-dominion-energy%3A-which-renewable-energy-stock-to-choose-2021-09-01 | nan | nan | As consumers in the United States are becoming more climate and environment conscious, they are also making more environmentally sound choices, and this includes going for renewable energy sources that could be naturally replenished.
This rising trend is indicated by the fact that last year, the consumption of renewable energy in the U.S. was up for the fifth year in a row and comprised 12% of the total energy consumption in the United States, according to a report from the U.S. Energy Information Administration (EIA).
Using the TipRanks Stock Comparison tool, let us compare two renewable energy companies, NextEra Energy and Dominion Energy, and see how Wall Street analysts feel about these stocks.
The author is neutral about both NextEra Energy and Dominion Energy.
NextEra Energy (NEE)
NextEra Energy is an electric power and infrastructure giant in North America and has two principal businesses, Florida Power and Light (FPL), which includes Gulf Power, and NEER. FPL is the largest electric utility in Florida state, while NEER is a generator of renewable energy.
In Q2, the company reported mixed results. The company posted revenues of $3.93 billion that lagged the consensus estimate of $4.97 billion. Adjusted earnings came in at $0.71 per share, beating analysts’ expectations of $0.68 per share. The company reported earnings of $0.65 per share in the prior-year period.
In FY21, NEE anticipates adjusted EPS to come in between $2.40 to $2.54 per share and expects EPS to grow between 6% and 8% for 2022 and 2023.
Jim Robo, Chairman and CEO of NextEra Energy said, “For the second quarter, NextEra Energy Resources continued to capitalize on the terrific market opportunity for low-cost renewables and storage and added approximately 1,840 megawatts to its backlog since the release of our first-quarter financial results in April.”
Robo also added that FPL plans to install more than 15 million solar panels by early next year, which would result in FPL completing more than half of its ’30-by-30’ plan. In 2019, NEE had announced that FPL would install more than 30 million solar panels by 2030.
This plan further got a boost last month, when FPL announced a four-year rate settlement agreement, developed jointly with Florida State’s consumer advocate, Florida Office of Public Counsel, and other parties. This agreement would result in ushering in new rates, starting from next year.
According to FPL, the agreement would result in residential customer bills remaining “well below the national average through 2025.” (See NextEra Energy stock chart on TipRanks)
The settlement agreement was viewed favorably by BMO Capital Markets analyst James M. Thalacker, who believes that the announcement “could help assuage the regulatory overhang as the strong signatory support would signal the company was able to strike an appropriate balance between environmental interests, customers, as well as shareholders.”
The analyst is bullish, with a Buy rating and a price target of $91 (8.4% upside) on the stock. Thalacker believes that the stock “warrants a premium valuation given its fundamental and thematic drivers, including one of the world’s largest renewable backlogs and favorable recovery of investments through regulatory recovery mechanisms.”
Turning to the rest of the Street, analysts are bullish about NextEra Energy, with a consensus of Strong Buy, based on 7 Buys and 2 Holds.
The average NextEra Energy price target of $89.22 implies an approximately 6.2% upside potential from current levels.
Dominion Energy (D)
Dominion Energy is a provider of natural gas and electricity and serves customers in the Rocky Mountain and eastern regions of the U.S. The company’s operating segments include Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets.
In Q2, the company’s results missed analysts’ estimates. Adjusted earnings per share (EPS) came in at $0.76, slightly missing the Street’s estimate of $0.77, but higher than the year-ago EPS of $0.73. Dominion's operating revenues declined 2.2% year-over-year to $3.04 billion, lower than analysts’ expectations of $3.76 billion.
In Q3, Dominion expects adjusted EPS to come in between $0.95 to $1.10. Furthermore, it expects adjusted EPS for FY21 to be between $3.70 and $4.
Even though the second quarter results came in below Street estimates, what makes the stock attractive, according to Evercore ISI analyst Durgesh Chopra, is Dominion’s appealing Environment and Social Governance (ESG) story.
The analyst is bullish on the stock, with a Buy rating and a price target of $82 (5.3% upside) on the stock.
Last year, the company unveiled a $32 billion growth capital plan over a five-year period. According to this plan, Dominion plans to invest approximately 82% of this capital in reducing emissions and enabling investments. (See Dominion Energy stock chart on TipRanks)
As a result of this plan, the company expects to grow its EPS by 6.5% every year through 2025, while dividends are projected to rise by 6% per year, targeting a dividend payout ratio of 65%. Dividend payout ratio indicates how much of a company’s net income is paid out as dividends.
The company’s management stated on its Q2earnings call “Taken together, Dominion Energy offers an approximately 10% total return premised on a pure-play, state-regulated utility profile, operating in premier regions of the country.”
Analyst Chopra considers this updated capital plan as “the largest regulated decarbonization initiative under our coverage universe.”
The analyst also views the sale of its gas transmission and storage assets as another big positive for the stock.
In July this year, Dominion announced the termination of its sale of Questar Pipelines to Berkshire Hathaway Energy, an affiliate of Berkshire Hathaway (BRK.A). Questar Pipelines is one of the company’s gas transmissions and storage assets.
The decision to terminate the sale was taken as “a result of ongoing uncertainty associated with achieving clearance from the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.”
However, Dominion does intend to undertake a competitive process for the sale of Questar Pipeline and intends to close the sale by the end of this year.
The company added that this termination will have “no impact on the sale of gas transmission and storage assets to Berkshire Hathaway Energy completed in November” last year, which comprised around 80% of the original transaction value.
According to Chopra, the pipeline sale will allow “the company to generate 85-90% of its earnings from state regulated utilities” that could result in the “reduction in business risk and stronger balance sheet.”
Turning to the rest of the Street, analysts are cautiously optimistic about Dominion, with a consensus of Moderate Buy, based on 4 Buys and 3 Holds.
The average Dominion Energy price target of $84.86 implies an approximately 9% upside potential from current levels.
Bottom Line
While analysts are bullish about NEE, they are cautiously optimistic about Dominion Energy. However, based on the upside potential over the next 12 months, Dominion seems to be a better Buy.
Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article.
Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of Tipranks or its affiliates, and should be considered for informational purposes only. Tipranks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. Tipranks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by Tipranks or its affiliates. Past performance is not indicative of future results, prices or performance.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to FPL, the agreement would result in residential customer bills remaining “well below the national average through 2025.” (See NextEra Energy stock chart on TipRanks) The settlement agreement was viewed favorably by BMO Capital Markets analyst James M. Thalacker, who believes that the announcement “could help assuage the regulatory overhang as the strong signatory support would signal the company was able to strike an appropriate balance between environmental interests, customers, as well as shareholders.” The analyst is bullish, with a Buy rating and a price target of $91 (8.4% upside) on the stock. Even though the second quarter results came in below Street estimates, what makes the stock attractive, according to Evercore ISI analyst Durgesh Chopra, is Dominion’s appealing Environment and Social Governance (ESG) story. The company added that this termination will have “no impact on the sale of gas transmission and storage assets to Berkshire Hathaway Energy completed in November” last year, which comprised around 80% of the original transaction value. | According to FPL, the agreement would result in residential customer bills remaining “well below the national average through 2025.” (See NextEra Energy stock chart on TipRanks) The settlement agreement was viewed favorably by BMO Capital Markets analyst James M. Thalacker, who believes that the announcement “could help assuage the regulatory overhang as the strong signatory support would signal the company was able to strike an appropriate balance between environmental interests, customers, as well as shareholders.” The analyst is bullish, with a Buy rating and a price target of $91 (8.4% upside) on the stock. Thalacker believes that the stock “warrants a premium valuation given its fundamental and thematic drivers, including one of the world’s largest renewable backlogs and favorable recovery of investments through regulatory recovery mechanisms.” Turning to the rest of the Street, analysts are bullish about NextEra Energy, with a consensus of Strong Buy, based on 7 Buys and 2 Holds. (See Dominion Energy stock chart on TipRanks) As a result of this plan, the company expects to grow its EPS by 6.5% every year through 2025, while dividends are projected to rise by 6% per year, targeting a dividend payout ratio of 65%. | Using the TipRanks Stock Comparison tool, let us compare two renewable energy companies, NextEra Energy and Dominion Energy, and see how Wall Street analysts feel about these stocks. Jim Robo, Chairman and CEO of NextEra Energy said, “For the second quarter, NextEra Energy Resources continued to capitalize on the terrific market opportunity for low-cost renewables and storage and added approximately 1,840 megawatts to its backlog since the release of our first-quarter financial results in April.” Robo also added that FPL plans to install more than 15 million solar panels by early next year, which would result in FPL completing more than half of its ’30-by-30’ plan. According to FPL, the agreement would result in residential customer bills remaining “well below the national average through 2025.” (See NextEra Energy stock chart on TipRanks) The settlement agreement was viewed favorably by BMO Capital Markets analyst James M. Thalacker, who believes that the announcement “could help assuage the regulatory overhang as the strong signatory support would signal the company was able to strike an appropriate balance between environmental interests, customers, as well as shareholders.” The analyst is bullish, with a Buy rating and a price target of $91 (8.4% upside) on the stock. | The author is neutral about both NextEra Energy and Dominion Energy. The analyst is bullish on the stock, with a Buy rating and a price target of $82 (5.3% upside) on the stock. (See Dominion Energy stock chart on TipRanks) As a result of this plan, the company expects to grow its EPS by 6.5% every year through 2025, while dividends are projected to rise by 6% per year, targeting a dividend payout ratio of 65%. |
698892.0 | 2021-09-01 00:00:00 UTC | Dominion Energy, Inc. (D) Ex-Dividend Date Scheduled for September 02, 2021 | D | https://www.nasdaq.com/articles/dominion-energy-inc.-d-ex-dividend-date-scheduled-for-september-02-2021-2021-09-01 | nan | nan | Dominion Energy, Inc. (D) will begin trading ex-dividend on September 02, 2021. A cash dividend payment of $0.63 per share is scheduled to be paid on September 20, 2021. Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that D has paid the same dividend. At the current stock price of $77.84, the dividend yield is 3.24%.
The previous trading day's last sale of D was $77.84, representing a -10.48% decrease from the 52 week high of $86.95 and a 14.72% increase over the 52 week low of $67.85.
D is a part of the Public Utilities sector, which includes companies such as NextEra Energy, Inc. (NEE) and American Electric Power Company, Inc. (AEP). D's current earnings per share, an indicator of a company's profitability, is $2.79. Zacks Investment Research reports D's forecasted earnings growth in 2021 as 8.97%, compared to an industry average of 4.8%.
For more information on the declaration, record and payment dates, visit the D Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to D through an Exchange Traded Fund [ETF]?
The following ETF(s) have D as a top-10 holding:
VanEck Uranium Nuclear Energy ETF (D)
SPDR Select Sector Fund - Utilities (D)
iShares U.S. Utilities ETF (D)
Vanguard Utilities ETF (D)
iShares Global Utilities ETF (D).
The top-performing ETF of this group is XLU with an increase of 5.74% over the last 100 days. NLR has the highest percent weighting of D at 8.55%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports D's forecasted earnings growth in 2021 as 8.97%, compared to an industry average of 4.8%. For more information on the declaration, record and payment dates, visit the D Dividend History page. | Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. Interested in gaining exposure to D through an Exchange Traded Fund [ETF]? The following ETF(s) have D as a top-10 holding: VanEck Uranium Nuclear Energy ETF (D) SPDR Select Sector Fund - Utilities (D) iShares U.S. Utilities ETF (D) Vanguard Utilities ETF (D) iShares Global Utilities ETF (D). | A cash dividend payment of $0.63 per share is scheduled to be paid on September 20, 2021. Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have D as a top-10 holding: VanEck Uranium Nuclear Energy ETF (D) SPDR Select Sector Fund - Utilities (D) iShares U.S. Utilities ETF (D) Vanguard Utilities ETF (D) iShares Global Utilities ETF (D). | A cash dividend payment of $0.63 per share is scheduled to be paid on September 20, 2021. Shareholders who purchased D prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have D as a top-10 holding: VanEck Uranium Nuclear Energy ETF (D) SPDR Select Sector Fund - Utilities (D) iShares U.S. Utilities ETF (D) Vanguard Utilities ETF (D) iShares Global Utilities ETF (D). |
698893.0 | 2021-08-20 00:00:00 UTC | Investing in Dominion Energy (NYSE:D) three years ago would have delivered you a 27% gain | D | https://www.nasdaq.com/articles/investing-in-dominion-energy-nyse%3Ad-three-years-ago-would-have-delivered-you-a-27-gain | nan | nan | Low-cost index funds make it easy to achieve average market returns. But in any diversified portfolio of stocks, you'll see some that fall short of the average. For example, the Dominion Energy, Inc. (NYSE:D) share price return of 11% over three years lags the market return in the same period. At least the stock price is up over the last year, albeit only by 1.8%.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
Over the last three years, Dominion Energy failed to grow earnings per share, which fell 14% (annualized).
The strong decline in earnings per share suggests the market isn't using EPS to judge the company. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
It may well be that Dominion Energy revenue growth rate of 4.5% over three years has convinced shareholders to believe in a brighter future. In that case, the company may be sacrificing current earnings per share to drive growth, and maybe shareholder's faith in better days ahead will be rewarded.
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
NYSE:D Earnings and Revenue Growth August 20th 2021
We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. So it makes a lot of sense to check out what analysts think Dominion Energy will earn in the future (free profit forecasts).
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Dominion Energy, it has a TSR of 27% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
A Different Perspective
Dominion Energy shareholders gained a total return of 5.6% during the year. But that was short of the market average. On the bright side, that's still a gain, and it's actually better than the average return of 5% over half a decade This suggests the company might be improving over time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 2 warning signs for Dominion Energy (1 is potentially serious) that you should be aware of.
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In that case, the company may be sacrificing current earnings per share to drive growth, and maybe shareholder's faith in better days ahead will be rewarded. So it makes a lot of sense to check out what analysts think Dominion Energy will earn in the future (free profit forecasts). We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. | For example, the Dominion Energy, Inc. (NYSE:D) share price return of 11% over three years lags the market return in the same period. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. | For example, the Dominion Energy, Inc. (NYSE:D) share price return of 11% over three years lags the market return in the same period. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. | For example, the Dominion Energy, Inc. (NYSE:D) share price return of 11% over three years lags the market return in the same period. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. A Different Perspective Dominion Energy shareholders gained a total return of 5.6% during the year. |
698894.0 | 2021-08-13 00:00:00 UTC | Gail India issues swap tender for 12 LNG cargoes for 2021-2022-sources | D | https://www.nasdaq.com/articles/gail-india-issues-swap-tender-for-12-lng-cargoes-for-2021-2022-sources-2021-08-13 | nan | nan | SINGAPORE, Aug 13 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering liquefied natural gas (LNG) cargoes for loading in the United States and seeking cargoes for delivery into India in 2021 and 2022, two industry sources said on Friday.
The natural gas firm is seeking 12 cargoes for delivery into India from Nov. 19 until Oct. 10, 2022, and has offered 12 cargoes for loading from the United States from Nov. 26 until Oct. 10, 2022, they said.
The tender closes on Aug. 17.
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 Jessica Jaganathan; editing by Jason Neely)
((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/j3ssi3))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SINGAPORE, Aug 13 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering liquefied natural gas (LNG) cargoes for loading in the United States and seeking cargoes for delivery into India in 2021 and 2022, two industry sources said on Friday. 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 Jessica Jaganathan; editing by Jason Neely) ((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/j3ssi3)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SINGAPORE, Aug 13 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering liquefied natural gas (LNG) cargoes for loading in the United States and seeking cargoes for delivery into India in 2021 and 2022, two industry sources said on Friday. The natural gas firm is seeking 12 cargoes for delivery into India from Nov. 19 until Oct. 10, 2022, and has offered 12 cargoes for loading from the United States from Nov. 26 until Oct. 10, 2022, they said. (Reporting by Jessica Jaganathan; editing by Jason Neely) ((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/j3ssi3)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SINGAPORE, Aug 13 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering liquefied natural gas (LNG) cargoes for loading in the United States and seeking cargoes for delivery into India in 2021 and 2022, two industry sources said on Friday. The natural gas firm is seeking 12 cargoes for delivery into India from Nov. 19 until Oct. 10, 2022, and has offered 12 cargoes for loading from the United States from Nov. 26 until Oct. 10, 2022, they said. (Reporting by Jessica Jaganathan; editing by Jason Neely) ((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/j3ssi3)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SINGAPORE, Aug 13 (Reuters) - GAIL (India) Ltd GAIL.NS has issued a swap tender offering liquefied natural gas (LNG) cargoes for loading in the United States and seeking cargoes for delivery into India in 2021 and 2022, two industry sources said on Friday. The natural gas firm is seeking 12 cargoes for delivery into India from Nov. 19 until Oct. 10, 2022, and has offered 12 cargoes for loading from the United States from Nov. 26 until Oct. 10, 2022, they said. The tender closes on Aug. 17. |
698895.0 | 2021-08-07 00:00:00 UTC | Dominion Energy, Inc (D) Q2 2021 Earnings Call Transcript | D | https://www.nasdaq.com/articles/dominion-energy-inc-d-q2-2021-earnings-call-transcript-2021-08-07 | nan | nan | Image source: The Motley Fool.
Dominion Energy, Inc (NYSE: D)
Q2 2021 Earnings Call
Aug 06, 2021, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Welcome to the Dominion Energy second-quarter 2021earnings conference call [Operator instructions] I would now like to turn the call over to Steven Ridge, vice president, investor relations.
Steven Ridge -- Vice President, Investor Relations
Thank you, and good morning to everyone. Thanks 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 treasurer; and other members of the executive management team.
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I'll now turn the call over to Jim.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Thank you, Steven, and good morning, everyone. I know there's some competition for utility investors attention this morning, a couple of competing calls in this time slot. So thank you for joining our call, and we promise to keep our call today somewhat brief. Before I report on our strong quarterly financial results, I'm going to start with a recap of our compelling investment proposition and highlight our focus on the consistent execution of our repositioned strategy.
We expect to grow earnings per share 6.5% per year through at least 2025 supported by a $32 billion five-year growth capital plan. As outlined on our fourth-quarter call in February, over 80% of that capital investment is emissions reduction enabling and over 70% is rider recovery eligible. We offer a nearly 3.5% yield and expect dividends per share to grow 6% per year based on a target payout ratio of 65%. Taken together, Dominion Energy offers an approximately 10% total return premised on a pure-play, state-regulated utility profile, operating in premier regions of the country.
More on that lasting in a minute. Our industry-leading ESG positioning includes the largest regulated decarbonization investment opportunity in the nation, which, as you'll hear in today's prepared remarks, is steadily transforming from opportunity to reality. Turning now to earnings. Our second-quarter 2021 operating earnings, as shown on Slide 4, were $0.76 per share, which included $0.01 hurt from worse than normal weather in our utility service territories.
Both actual results and weather-normalized results of $0.77 were above the midpoint of our quarterly guidance range. So this is our 22nd consecutive quarter, so 5.5 years now, of delivering weather-normal quarterly results that meet or exceed the midpoint of our quarterly guidance range. Note that our second quarter and year-to-date GAAP and operating earnings, together with comparative periods, are adjusted to account for discontinued operations, including those associated with our gas transmission and storage assets. Second-quarter GAAP earnings were $0.33 per share and reflect the mark-to-market impact of economic hedging activities, unrealized changes in the value of our nuclear decommissioning trust funds, the contribution from Questar pipeline, which will continue to be accounted for as discontinued operations until divested and other adjustments.
A summary of all adjustments between operating and reported results is, as usual, included in Schedule 2 of our earnings-release kit. Turning now to guidance on Slide 5. As usual, we're providing a quarterly guidance range which is designed primarily to account for variations from normal weather. For the third quarter of 2021, we expect operating earnings to be between $0.95 and $1.10 per share.
We are affirming our existing full-year and long-term operating earnings and dividend-growth guidance as well. No changes here from prior communications. For the first half of the year, weather-normal operating EPS of $1.86 represents approximately half of our full-year guidance midpoint. So we are tracking nicely in line with our expectations.
We'll provide our formal fourth-quarter earnings guidance, as is typical, on our nextearnings call but let me provide some commentary on the implied cadence of our earnings over the second half of the year. While Q3 guidance is roughly in line with weather-normal results from a year ago, we will see a multitude of small year over year helps in Q4, such as normal course regulated rider growth, the impact of the South Carolina electric rate settlement, strengthening sales, modest margin help, including -- from Millstone, continued expense management and tax timing that combined will help us to deliver solid second-half results. We continue to be very focused on extending our track record of achieving weather-normal results, at least equal to the midpoint of our guidance on both a quarterly and annual basis. Turning now to our couple of macro items.
First, overall electric sales trends. In Virginia, weather-normalized sales increased 1.2% year over year in the second quarter and 3.2% in South Carolina. In both states, increased usage from commercial and industrial segments overcame declines among residential users, as the stay-at-home impact of COVID waned, some context on that. You'll recall that demand in DOM zone last year was despite the pandemic pretty resilient due to robust residential and data center demand.
So it's not surprising to see South Carolina's relatively higher growth in Q2, given the larger toll COVID had on sales there last year. We're encouraged by the strong return of commercial and industrial volumes in South Carolina in the second quarter. And looking ahead, we expect electric sales growth in our Virginia and South Carolina service territories to continue to a run rate of 1% to 1.5% per year, so similar to what we were observing pre pandemic. Next, let me discuss what we're seeing around input prices.
As discussed on last quarter's call, 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 have seen a moderation in the upward pressure over the last few months, especially in steel. Despite these cost pressures, as it relates to offshore wind, in particular, we remain confident in our ability to deliver that project in line with our previously guided levelized cost of energy range of $80 to $90 per megawatt hour. On the solar side, we're seeing, again, what others seem to be seeing, supply is tight, and prices for steel, poly and glass are up, but our 2021 projects remain on track with most material now already on site.
We're beginning to see moderation in pricing and relief from modest shipping constraints, which bodes well, we expect, for our post-2021 projects. So again, we're watching but no material financial impacts at this time. Let me address a few additional topics on Slide 6. First, Questar pipeline.
Last month, Dominion Energy and Berkshire Hathaway Energy mutually agreed to terminate our planned sale of Questar pipeline as a result of ongoing uncertainty associated with the timing and the likelihood of ultimately achieving Hart-Scott-Rodino clearance. A few thoughts here. First, though we obviously felt that a timely clearance of closing was the logical outcome given the facts and circumstances surrounding that transaction, we did build into the original Berkshire sale contract, the flexibility to easily accommodate a termination if needed. Second, we are already at a reasonably advanced stage of an alternate competitive sale process for Questar Pipeline with expected closing by the end of this year.
Third, its termination has no impact on the sale of the gas transmission storage assets to Berkshire, which we successfully completed back in November of last year and which represented approximately 80% of the originally announced transaction value. And finally, this termination nor the outcome of the ongoing sale process impacts Dominion Energy's existing financial guidance. As mentioned, Questar pipeline will continue to be accounted for as discontinued operations excluded from the company's calculation of operating earnings. Briefly, on credit, we've continued to deliberately enhance our qualitative and quantitative credit measures.
Last month, we were pleased to see Fitch upgrade Dominion Energy South Carolina's credit rating from BBB+ to A-. Fitch cited both improved regulatory relationships, including the unanimous approval of the General Electric rate settlement, which Bob will discuss in some more detail, as well as good balance sheet management. So let me turn now to a couple of ESG-related topics. In June, we announced the successful syndication of sustainability-linked credit facilities totaling $6.9 billion, and we very much appreciate the efforts and support of all the banks who work with us on what we view as a very interesting new type of financing.
The $6 billion master credit facility links pricing to achievement of annual renewable electric generation and diversity and inclusion milestones. And the $900 million supplemental facility presents a first-of-its-kind structure where pricing benefits accrue for draws related to qualified environmental and social spending programs. So in other words, going forward, if we meet or exceed our quantifiable goals in these areas, our borrowing costs decline. And of course, the opposite is also true.
If we fail to meet our goals, we pay more. But through this financing, we're very much putting our money where our mouth is when it comes to ESG performance. And we're looking for more ways to deploy green capital raises as we execute on our fixed income financing plan during the balance of the year. In July, we issued an updated and comprehensive climate report, which reflects the task force on climate-related financial disclosures, or TCFD, methodology.
We are just one of six U.S. electric utilities that have pledged formal support for TCFD. As described in the report, which is available on our website, we have modeled several potential pathways to achieve net zero emissions across our electric and gas business that reflect 1.5-degree scenario and are consistent with the Paris Agreement on climate change. The climate report shows we are a leader in both greenhouse gas emission reductions over the last 15 years and in our commitment to transparent progress toward our goal of net zero emissions.
With that, I'll turn the call over to Bob.
Bob Blue -- Chair, President, and Chief Executive Officer
Thanks, Jim. Good morning, everyone. I'll begin my prepared remarks by commenting on our safety performance. As shown on Slide 7, I'm very pleased that our results over the first two quarters of this year surpassed even our record-setting results from last year.
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 us and why it's our first core value. Turning to Slide 8. I often describe our pure-play state-regulated strategy as centering around five premier states, all of which share the philosophy that a common sense approach to energy policy and regulation puts a priority on safety, reliability, affordability and, increasingly, sustainability. We were pleased that CNBC's list of America's Top States for Business ranked Virginia, North Carolina and Utah as 1, 2 and 3, respectively, a podium sweep for three of our five primary jurisdictions with a fourth major service territory, Ohio, also ranking in the top 10.
This is the second consecutive No. 1 ranking for Virginia. Obviously, an assessment of this variety is just one of several possible ways to evaluate state-specific business environments, but we're pleased with the independent confirmation of what we observe every day working on the ground in all of our regions. We've strategically repositioned our business around the state-regulated utility model in order to offer investors increased stability, which is further enhanced by our concentration in these fast-growing, constructive and business-friendly states.
Next, I'd like to highlight the outstanding work done across our operating segments by the women and men of Dominion Energy, who exemplify our core values of safety, ethics, excellence, embracing change and One Dominion Energy. At Gas Distribution, our colleagues have collaborated across our national footprint to share best practices, resulting in a nearly 20% reduction of third-party excavation damage to our underground infrastructure as compared to 2019. Each instance of damage prevention enhances the safety and reliability of our system while also reducing the emissions profile of our operations. At Dominion Energy South Carolina, our ability to work in close partnership with state and local officials, combined with our commitment to meet an aggressive time line for electric and gas service delivery, were key to attracting a new $400 million brewery to the state last year.
The facility is expected to create 300 local jobs and is one of the largest breweries built in the United States in the last 25 years. Being on time, however, wasn't good enough for our South Carolina colleagues, who safely completed the infrastructure upgrades and installation ahead of an already ambitious schedule. We take pride in examples like this that demonstrate how DESC plays a key role in supporting South Carolina's economic and job growth. And in Virginia, despite several days of near-record peak demand in June, our generation colleagues delivered exceptional performance as evidenced by the absence during those periods of any forced outages across our fleet.
Our transmission and distribution team members kept the grid operating flawlessly under demanding load conditions while also keeping pace with robust residential connects and remarkable data center demand growth, which continues the trend of robust growth over the last several years with no end in sight. I'll now turn to updates around the execution of our growth plan. The 2.6 gigawatt Coastal Virginia offshore wind project received its notice of intent, or NOI, from the Bureau of Ocean Energy Management in early July, consistent with the time line we had previously communicated. The issuance of an NOI formally commenced the federal permitting review, which, based on our previously disclosed time line, is expected to take about two years.
Key schedule milestones are shown on Slide 10. Later this year, we'll file our CPCN and rider applications with the Virginia State Corporation Commission. In June, we announced an agreement with Orsted and Eversource, under which they will charter our Jones Act-compliant wind turbine installation vessel for the construction of two offshore wind farms in the Northeast. The vessel remains on track for delivery in late 2023 and will be an invaluable resource to DEV, as well as to the growing U.S.
offshore wind industry. Turning to Slide 11. The Virginia triennial review is currently in discovery phase, and the company is providing timely responses to requests for information, all of which generally conform with what we would reasonably expect during a rate proceeding of this size and complexity. As a reminder, the earnings review applies only to the Virginia base portion of our rate base, which becomes smaller as a percentage of DEV and Dominion Energy during our forecast period.
Virginia rider investments like offshore wind, solar, battery storage, nuclear life extension and electric transmission, which are outside the scope of the proceeding, represent the vast majority of the growth at DEV. We've provided a summary of our filing position, as well as key milestones in the procedural schedule. A few items to reiterate here. First, our filing highlights the compelling value we've provided to customers during the review period of 2017 through 2020.
We've delivered safe and reliable service at affordable rates that are well below regional, RGGI and national averages, all while taking aggressive steps to accelerate decarbonization by pursuing early retirement of fossil fuel and power generation units. Second, at the direction of the general assembly, we've provided over $200 million of customer arrears forgiveness to assist families and businesses in overcoming financial difficulties caused by the pandemic. Third, we've invested over $300 million in CCRO-eligible projects, including our offshore wind test project, which is the first operational wind turbines built in federal waters in the United States. Finally, our filing reports a regulatory return that aligns closely to our authorized ROE plus the 70-basis-point collar.
Inclusive of arrears forgiveness, this financial result warrants neither refund nor a change to revenues. While offshore wind and the triennial review are understandably areas of focus, we'd be remiss if we didn't also highlight the blocking and tackling we're doing to advance other very material growth investments and their associated regulatory processes for the benefit of our customers, communities and the environment. Since our last update, we received our fourth consecutive regulatory approval for investments in utility-owned rider recoverable solar projects. We've now surpassed 1,000 megawatts of Dominion Energy-owned solar generation in service in Virginia, and there is a lot more to come.
In fact, our pipeline of company-owned solar projects in Virginia under various stages of development currently totals nearly 4,000 megawatts, which gives us great confidence in our ability to achieve the solar capacity targets set forth in Virginia law and which support our long-term growth capital plans. In the very near term, about 25 days to be specific, we'll make our next and largest to date clean energy submission. We expect the filing to include as many as 1,100 megawatts of utility-owned and PPA solar, roughly consistent with the 65-35 split identified in the Virginia Clean Economy Act. It will also include around 100 megawatts of battery storage, including 70 megawatts of utility-owned projects.
Taken together, the filing will represent as much as $1.5 billion of utility-owned and rider-eligible investment, further derisking our growth capital guidance provided on our fourth-quarter 2020earnings call Next, the State Corporation Commission approved our inaugural renewable portfolio standard development plan and rider filings. This annual accounting is mandated under the VCEA and provide a status update on the company's progress toward meeting both near- and long-term requirements under the state's RPS targets. We received commission approval for our Regional Greenhouse Gas Initiative, or RGGI, rider filing.
Under state law, Virginia has joined with other RGGI states to promote a marketplace for emissions credits with the goal of significantly reducing greenhouse gases over time, and this approval allows for timely recovery of our cost of compliance. Next, we received authorization from the Nuclear Regulatory Commission to extend the life of our two nuclear units at the Surry power station for an additional 20 years. These units currently provide around 45% of the state's zero carbon generation and under this authorization will be upgraded to continue providing significant environmental and economic benefits for many years to come. We expect to file for rider cost recovery associated with license renewal capital investment later this year.
And last but not least, progress on our grid's transformation plans. Our first phase covering 2019 through 2021 is well underway, and we recently filed our phase 2 plan with Virginia regulators covering the years 2022 and '23. The second phase includes approximately $669 million in capital investment, which is needed to facilitate and optimize the integration of distributed energy resources while continuing to address the reality that reliability and security are vital to our company and its customers. We expect the final CPCN order around the end of the year.
Our customers and our policymakers have made it abundantly clear. They want cleaner energy, and they want it delivered safely, reliably and affordably. We're therefore very pleased to be executing on that vision on multiple fronts while extending the track record of constructive regulatory outcomes to the benefit of all stakeholders. Turning now to our gas distribution business.
We're leading the industry in initiatives to reduce the carbon footprint of our essential natural gas distribution services. Our efforts include modifications to our operating and maintenance procedures, systemic pipeline and other aging infrastructure replacement, third-party damage prevention, piloting applications for hydrogen blending, producing and promoting the use of carbon-beneficial renewable natural gas and offering innovative customer programs. For example, in Utah, we're seeking approval for a program that would enable customers to purchase voluntary carbon offsets. For around $5 per month on a typical residential bill, customers that opt into the program will offset the carbon impact of their gas distribution use.
This program, which like our existing GreenTherm program, allows customers to make choices about how to manage and lower their individual carbon profiles is just one way we're reimagining how gas distribution service intersects with an increasingly sustainable energy future. Along those lines, our hydrogen blending pilot in Utah is performing in line with expectations, and we're in the planning stages of expanding the pilot to test communities. We filed for a similar blending pilot in North Carolina and are evaluating appropriate next steps for blending in our Ohio system. And as it relates to our already industry-leading renewable natural gas platform, we're pleased to announce an expansion of our strategic alliance with Vanguard Renewables.
As a result, we expect to grow our dairy RNG portfolio from six projects in five states to 22 projects in seven states through the second half of the decade and enhance our development pipeline with specific projects toward our aspirational goal of investing up to $2 billion by 2035. Our current pipeline of projects will result in an estimated annual reduction of 5.5 million metric tons of CO2e, which is the equivalent to removing 1.2 million cars from the road. Turning now to South Carolina. On July 21, the South Carolina Public Service Commission with the support of all parties unanimously approved the proposed comprehensive settlement in the pending General Electric rate case.
We appreciate the collaborative approach among the parties over the last six months, which allowed us to produce this agreement that provides significant customer benefits, as shown on Slide 14; supports our ability to continue providing safe, reliable, affordable and increasingly sustainable energy; and aligns with our existing consolidated financial earnings guidance. Further, the approval allows all parties to turn the page and focus on South Carolina's bright energy future. It's also worth noting that the commission also recently approved our modified IRP, which favors a plan that would result in the retirement of all coal-fired generation in our South Carolina system by the end of the decade. While the IRP is an informational filing and does 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.
Before I summarize these prepared remarks and open the line for your questions, I'd like to recognize three interrelated organizational changes we announced yesterday that will affect our team and our investor relations efforts. First, Senior Vice President, Craig Wagstaff, who's provided over 10 years of exemplary leadership for our gas utility operations in Utah, Idaho and Wyoming, will be retiring early next year. And I can say definitively on behalf of all of our colleagues, he will be sorely missed. Craig joined Questar Corp.
in 1984, and we have benefited greatly from his contributions since the Dominion Energy-Questar merger in 2016. Best wishes to Craig and his family on his retirement. We ask Steven Ridge, our current vice president of investor relations, to relocate to Salt Lake City and, effective October 1, assume the role of vice president and general manager for our Western natural gas distribution operations. Steven has been a valuable member of our IR efforts over the last nearly four years.
And I think he's got to know most of you pretty well. We have every confidence in his ability to follow Craig's long-standing example of serving our Utah, Wyoming and Idaho customers and communities well. And finally, David McFarland, who's been working on our investor relations team since October of last year, will assume responsibility for our IR efforts as Steven transitions into his new role later this year. We congratulate David on this new opportunity.
Our investors should expect no change to our aim to provide consistently a high level of responsiveness and accuracy they've grown to expect from our current IR team. With that, let me summarize our remarks on Slide 15. Our safety performance year to date is on track to improve upon last year's record-setting achievement. We reported our 22nd consecutive quarterly result, normalized for weather, meets or exceeds the midpoint of our guidance range.
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 become the most sustainable regulated energy company in America. With that, we're ready to take your questions.
Questions & Answers:
Operator
[Operator instructions] Our first question comes from Paul Zimbardo with Bank of America
Unknown speaker
Hi, good morning. Congratulations, Steve and David on the new roles, well deserved.
Steven Ridge -- Vice President, Investor Relations
Thank you.
Unknown speaker
Just going to ask, can you provide a little more of an update on the conversations you're having around Questar pipe sales process, such as what parties you're talking to and balancing the considerations there? Any additional color you're willing to provide will be appreciated. Thank you.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Yeah, sure, Paul. Thanks for joining. Good question. You'll probably appreciate that we need to exercise a little bit of discretion as we're in the middle of process.
So more information will come over time. But really high level, we, of course, laid the groundwork for this process with a bunch of preparation prior to the termination of the prior deal. So we're in a pretty good spot. We are -- as I mentioned in the prepared remarks, we're in the relatively advanced stage of that process, of an auction process.
We have, for example, received first round bids. I can say that the participation and the interest level is certainly robust. We have a really good number of highly credible strategic and financial participants there. And beyond that, I'm sorry to say more information will come.
We'll provide updates when we can. But it's very much on track. We're satisfied with the progress. And we, as mentioned, expect that transaction to close late this year.
But again, no impact one way or the other on our financial guidance of operating earnings for the year.
Unknown speaker
OK. Thank you for that. Also, I wanted to check, given the relatively unique geographic footprint you have being in Virginia, could you discuss some potential opportunities you're focused on from the draft infrastructure bill, and perhaps around some of the support for advanced clean technologies, renewables procurement, things like that? Thank you.
Bob Blue -- Chair, President, and Chief Executive Officer
Yeah. Thanks, Paul. I think it would come as no surprise, we're philosophically very much aligned with the intent of the package. We are focused on rural broadband, EV charging, grid reliability and resiliency.
These are all items that are in that package that we're -- we think, make a lot of sense. So we'll obviously be watching as it makes its way through the process, pay attention to how the details get work out -- worked out for appropriations if the bill passes. A couple of specifics. We're very much in favor of support for R&D on clean technologies like hydrogen, small modular reactors.
Those are things that we're focused on. And to the extent that there's broad-based support that allow a commercialization in a way that can be quick and customer beneficial, we think that's very important and certainly something that we support. And obviously, clean energy manufacturing tax credits, which can help enable U.S. renewable supply, particularly offshore wind and solar, we think, are really valuable.
So we're very much engaged in Washington and participating in the process. We like the direction that it's going. Details yet to come, but we think there are some real possibilities there.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Paul, I wasn't fast enough on the draw there when we started. I failed to mention -- congratulations to you, too, on your new role at BAML. Also well deserved. We look forward to working with you in this new context.
Unknown speaker
OK. Thank you very much. And we really appreciate you not reporting yesterday with everyone else.
Operator
Our next question comes from David Peters with Wolfe Research.
David Peters -- Wolfe Research -- Analyst
Good morning, everyone. First question I just have is on the triennial review in Virginia. I know you have intervenor and staff testimony due next month. But can you maybe just better frame out some expectations heading into that? And also understanding that downside risk is limited in this case just by law, but could you also touch on or remind us some of the tools for the T2 review?
Bob Blue -- Chair, President, and Chief Executive Officer
Yeah, sure. Thanks, David. So on triennial 1, look, it's a rate proceeding. And we would expect, as in any rate proceeding, that there's going to be a wide variety of approaches and positions taken by the parties.
We'll obviously know more, as you said in the question, early September we'll hear from interveners. And then a couple of weeks later, we'll hear from the staff. So we'll get a sense then, but it's a rate case covering a four-year period and then setting rates going forward with the guardrail you mentioned. So I wouldn't be surprised if we see a pretty wide variety of opinions expressed by the parties.
But if you take a step back and just think about the bigger picture here in that case, we have rates below national regional averages. Our performance of our utility is outstanding on the generation and the wire side. And we're reducing our emissions and improving -- reducing our impact on the environment. And so that's a pretty good place to be in a rate case.
So we feel very good about that. As to T2, that's obviously -- we're only a few months into the period that is going to be reviewed for T2. So a lot of details yet to go on the second triennial. But the tools that are in the toolbox, like the customer credit reinvestment offset will be available to us in triennial 2.
And then as we pointed out in our prepared remarks, and as we've noted for some time, as we move forward in this plan, the portion of our earnings that come from Virginia base as opposed to the rest of the business and, in Virginia, in particular, the riders, decreases as a percentage of the overall amount. So I think those are important considerations to keep in mind. Obviously, a long ways to go between now and triennial 2. But we've got tools in the toolbox and the percentage of our earnings affected by triennial 2 as compared to the rest of the company will continue to decrease.
David Peters -- Wolfe Research -- Analyst
Great. And then maybe just one more. I know you have another filing pending before the Corporation Commission for capital related to the grid transformation plan. I think last time in your phase 1 plan, there were some disallowances for some of the grid mod related spend.
But just could you give us a sense of how you're feeling about your proposal this time around and has kind of anything changed?
Bob Blue -- Chair, President, and Chief Executive Officer
So we're feeling very good about our proposal this time around. So last time, bear in mind, I think about $200 million of capital got approved in the filing last time, but some things have changed since that last filing. The most significant one is that the Virginia Clean Economy Act has passed, and we now have an obligation to seek approval for a substantial amount of renewables over the course of the next 1.5 decades, solar, offshore wind, storage, all of that. And we're going to need to modify the grid in order to make sure that we keep operating in that environment.
And that's what we told the commission in that filing. Things like distributed energy resource management system will be incredibly important in this new world that we're moving into. So the Clean Economy Act is different. That didn't exist when we filed last time.
Obviously, we also have the benefit of what we heard from the commission and the order on the last filing, and we can target and we have targeted what we're doing with this most recent filing based on precisely what they told us last time. And then some of this filing is continuation of programs that they did approve last time. As I mentioned, they approved $200 million of capital in the last filing. So all of those factors lead us to believe that we should have a lot of confidence in that filing.
We'll hear, as I said in the opening, around the end of this year, but it's a strong filing. It's important for us as we integrate additional renewables to make sure that we operate the system well.
David Peters -- Wolfe Research -- Analyst
Great. Thank you for the color.
Operator
Our next question comes from Jeremy Tonet with J.P. Morgan.
Jeremy Tonet -- J.P. Morgan -- Analyst
Hi, good morning. Just wanted to start off with RNG. I know you guys touched on that a bit in the slides here, but I just wanted to see if you can outline the expanded Vanguard alliance a bit more and the factors that went behind this expansion. How does this fit within your overall RNG strategy, I guess, going forward?
Diane Leopold -- Chief Operating Officer
OK. Sure. Good morning, Jeremy. Diane Leopold here.
So as Bob outlined in his prepared remarks, we really see RNG as a great way to intersect the essential gas service that we provide in reliable and affordable means to our customers in all of our states with our local gas distribution companies and enhanced sustainability. So while this is a very early phase of development with renewable natural gas that we have been on the path on for the last several years, we decided in our investments to focus on agricultural RNG, so our swine and our dairy partnerships. And the reason we did that is because we believe that was the most carbon-negative, carbon-beneficial means to capture methane and repurpose that waste stream for a more environmentally friendly use. So when it comes to the actual investment side of it, we now already have between, both partnerships, one project in service, which happens to be a swine project and five projects under construction and several more under construction by year-end.
So as we were looking at our Vanguard partnership, we were really moving forward with development of a lot of prospects at a good rate, and we saw enough interest in the demand for this renewable natural gas, multiyear contracts with customers that are interested in ensuring a source of supply for their sustainability targets. So we're really looking to develop these projects in the short to medium term for these customers. It could be the transportation market. It could be other local distribution companies.
It could be thermal industrial users. And then long term, look to our regulated gas customers to help them lower their carbon footprint. So we're working with stakeholders and regulators and policymakers toward that goal. And the green therm programs in Utah, and we've already asked for in North Carolina is just one step in that path to try to move the renewable natural gas toward our regulated customers.
Jeremy Tonet -- J.P. Morgan -- Analyst
Got it. That's helpful. Thanks for that. And maybe I just want to come back to Questar for a moment, if I could.
I know you can't comment too much on the sales process here. But just wanted to hear your thoughts on the overall environment to sell an asset now. I think oil was approaching negative 37 when you were first marketing it. Now it's about 70.
Just wondering any thoughts you could share about the environment to sell a midstream asset now.
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
All right, Jeremy. I'm taking notes here on your question. And I'm going to distribute that to our bidder universe, like where we're going. Well, look, the environment is pretty strong.
As you know, in the last year, equities are up, midstream phase, commodities way up, as you mentioned, equities are up in part because for true midstream companies, growth is up, so all good. The macro environment is good. I would mention, just to moderate that a little bit, that Questar pipeline, this asset, as you know, it's awesome. It's an awesome asset.
It is, though, a utility like. That's the way we always operated it, what it is now. It earns money through long-term contracts for its capacity. So it's not really as much as a rocket ship up or down as maybe the overall midstream -- true midstream market.
That said though, we're pretty happy with where we're going, robust interest, as mentioned, and we'll come back and give updates as soon as we can.
Operator
[Operator signoff]
Duration: 44 minutes
Call participants:
Steven Ridge -- Vice President, Investor Relations
Jim Chapman -- Executive Vice President, Chief Financial Officer, and Treasurer
Bob Blue -- Chair, President, and Chief Executive Officer
Unknown speaker
David Peters -- Wolfe Research -- Analyst
Jeremy Tonet -- J.P. Morgan -- Analyst
Diane Leopold -- Chief Operating Officer
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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. | Second-quarter GAAP earnings were $0.33 per share and reflect the mark-to-market impact of economic hedging activities, unrealized changes in the value of our nuclear decommissioning trust funds, the contribution from Questar pipeline, which will continue to be accounted for as discontinued operations until divested and other adjustments. We've delivered safe and reliable service at affordable rates that are well below regional, RGGI and national averages, all while taking aggressive steps to accelerate decarbonization by pursuing early retirement of fossil fuel and power generation units. Our efforts include modifications to our operating and maintenance procedures, systemic pipeline and other aging infrastructure replacement, third-party damage prevention, piloting applications for hydrogen blending, producing and promoting the use of carbon-beneficial renewable natural gas and offering innovative customer programs. | Joining today's call are 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. We appreciate the collaborative approach among the parties over the last six months, which allowed us to produce this agreement that provides significant customer benefits, as shown on Slide 14; supports our ability to continue providing safe, reliable, affordable and increasingly sustainable energy; and aligns with our existing consolidated financial earnings guidance. David Peters -- Wolfe Research -- Analyst Great. | While Q3 guidance is roughly in line with weather-normal results from a year ago, we will see a multitude of small year over year helps in Q4, such as normal course regulated rider growth, the impact of the South Carolina electric rate settlement, strengthening sales, modest margin help, including -- from Millstone, continued expense management and tax timing that combined will help us to deliver solid second-half results. At Dominion Energy South Carolina, our ability to work in close partnership with state and local officials, combined with our commitment to meet an aggressive time line for electric and gas service delivery, were key to attracting a new $400 million brewery to the state last year. David Peters -- Wolfe Research -- Analyst Great. | For the third quarter of 2021, we expect operating earnings to be between $0.95 and $1.10 per share. But again, no impact one way or the other on our financial guidance of operating earnings for the year. David Peters -- Wolfe Research -- Analyst Great. |
698896.0 | 2021-08-06 00:00:00 UTC | Energy Sector Update for 08/06/2021: WPRT, D | D | https://www.nasdaq.com/articles/energy-sector-update-for-08-06-2021%3A-wprt-d-2021-08-06 | nan | nan | Energy stocks were up rising ahead of the market open on Friday as the Energy Select Sector SPDR (XLE) was up by 1%. The United States Oil Fund (USO) was 0.8% higher and the United States Natural Gas Fund (UNG) dropped 1.2%.
West Texas Intermediate crude oil was up $1.01 at $70.10 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude gained $1.06 to $72.35 per barrel and natural gas futures were flat at $4.14 per 1 million BTU.
In company news, Westport Fuel Systems (WPRT) gained more than 13% after the energy infrastructure company posted better-than-expected Q2 results.
Dominion Energy (D) fell by nearly 1% after reporting mixed Q2 results.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | West Texas Intermediate crude oil was up $1.01 at $70.10 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude gained $1.06 to $72.35 per barrel and natural gas futures were flat at $4.14 per 1 million BTU. Dominion Energy (D) fell by nearly 1% after reporting mixed Q2 results. | The United States Oil Fund (USO) was 0.8% higher and the United States Natural Gas Fund (UNG) dropped 1.2%. West Texas Intermediate crude oil was up $1.01 at $70.10 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude gained $1.06 to $72.35 per barrel and natural gas futures were flat at $4.14 per 1 million BTU. | Energy stocks were up rising ahead of the market open on Friday as the Energy Select Sector SPDR (XLE) was up by 1%. The United States Oil Fund (USO) was 0.8% higher and the United States Natural Gas Fund (UNG) dropped 1.2%. In company news, Westport Fuel Systems (WPRT) gained more than 13% after the energy infrastructure company posted better-than-expected Q2 results. | Energy stocks were up rising ahead of the market open on Friday as the Energy Select Sector SPDR (XLE) was up by 1%. The United States Oil Fund (USO) was 0.8% higher and the United States Natural Gas Fund (UNG) dropped 1.2%. West Texas Intermediate crude oil was up $1.01 at $70.10 per barrel at the New York Mercantile Exchange. |
698897.0 | 2021-08-06 00:00:00 UTC | Dominion Energy Affirms FY21 Operating Earnings Outlook - Quick Facts | D | https://www.nasdaq.com/articles/dominion-energy-affirms-fy21-operating-earnings-outlook-quick-facts-2021-08-06 | nan | nan | (RTTNews) - While reporting financial results for the second quarter on Friday, Dominion Energy, Inc. (D) affirmed its operating earnings guidance for the full-year 2021, and provided operating earnings outlook for the third quarter.
For fiscal 2021, the company continues to project operating earnings in a range of $3.70 to $4.00 per share. On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $3.87 per share for the year. Analysts' estimates typically exclude special items.
Dominion Energy also expects third quarter operating earnings in the range of $0.95 to $1.10 per share, while the Street is looking for earnings of $1.15 per share for the quarter.
The company also said it affirms its long-term earnings and dividend growth guidance.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - While reporting financial results for the second quarter on Friday, Dominion Energy, Inc. (D) affirmed its operating earnings guidance for the full-year 2021, and provided operating earnings outlook for the third quarter. On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $3.87 per share for the year. Analysts' estimates typically exclude special items. | (RTTNews) - While reporting financial results for the second quarter on Friday, Dominion Energy, Inc. (D) affirmed its operating earnings guidance for the full-year 2021, and provided operating earnings outlook for the third quarter. On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $3.87 per share for the year. Dominion Energy also expects third quarter operating earnings in the range of $0.95 to $1.10 per share, while the Street is looking for earnings of $1.15 per share for the quarter. | (RTTNews) - While reporting financial results for the second quarter on Friday, Dominion Energy, Inc. (D) affirmed its operating earnings guidance for the full-year 2021, and provided operating earnings outlook for the third quarter. Dominion Energy also expects third quarter operating earnings in the range of $0.95 to $1.10 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. | (RTTNews) - While reporting financial results for the second quarter on Friday, Dominion Energy, Inc. (D) affirmed its operating earnings guidance for the full-year 2021, and provided operating earnings outlook for the third quarter. Analysts' estimates typically exclude special items. Dominion Energy also expects third quarter operating earnings in the range of $0.95 to $1.10 per share, while the Street is looking for earnings of $1.15 per share for the quarter. |
698898.0 | 2021-08-06 00:00:00 UTC | Dominion Energy, Inc. Q2 adjusted earnings of $0.76 per share | D | https://www.nasdaq.com/articles/dominion-energy-inc.-q2-adjusted-earnings-of-%240.76-per-share-2021-08-06 | nan | nan | (RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D):
-Earnings: $0.29 billion in Q2 vs. -$1.17 billion in the same period last year. -EPS: $0.33 in Q2 vs. -$1.52 in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $628 million or $0.76 per share for the period. -Revenue: $3.04 billion in Q2 vs. $3.11 billion in the same period last year.
-Guidance: Next quarter EPS guidance: $0.95 to $1.10 Full year EPS guidance: $3.70 to $4.00
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: $0.29 billion in Q2 vs. -$1.17 billion in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $628 million or $0.76 per share for the period. -Guidance: Next quarter EPS guidance: $0.95 to $1.10 Full year EPS guidance: $3.70 to $4.00 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: $0.29 billion in Q2 vs. -$1.17 billion in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $628 million or $0.76 per share for the period. -Guidance: Next quarter EPS guidance: $0.95 to $1.10 Full year EPS guidance: $3.70 to $4.00 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: $0.29 billion in Q2 vs. -$1.17 billion in the same period last year. -Revenue: $3.04 billion in Q2 vs. $3.11 billion in the same period last year. -Guidance: Next quarter EPS guidance: $0.95 to $1.10 Full year EPS guidance: $3.70 to $4.00 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: $0.29 billion in Q2 vs. -$1.17 billion in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $628 million or $0.76 per share for the period. -Guidance: Next quarter EPS guidance: $0.95 to $1.10 Full year EPS guidance: $3.70 to $4.00 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
698899.0 | 2021-08-06 00:00:00 UTC | Dominion Energy Q2 21 Earnings Conference Call At 10:00 AM ET | D | https://www.nasdaq.com/articles/dominion-energy-q2-21-earnings-conference-call-at-10%3A00-am-et-2021-08-06 | nan | nan | (RTTNews) - Dominion Energy, Inc.. (D) will host a conference call at 10:00 AM ET on Aug 6, 2021, to discuss Q2 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 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 43821473#.
For a replay call, dial 1-877-919-4059 (US) or 1-334-323-0140 (International) with pin 13838200.
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) will host a conference call at 10:00 AM ET on Aug 6, 2021, to discuss Q2 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 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 43821473#. For a replay call, dial 1-877-919-4059 (US) or 1-334-323-0140 (International) with pin 13838200. | To access the live webcast, log on to https://investors.dominionenergy.com/events-and-presentations/default.aspx To listen to the call, dial 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 43821473#. For a replay call, dial 1-877-919-4059 (US) or 1-334-323-0140 (International) with pin 13838200. 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) will host a conference call at 10:00 AM ET on Aug 6, 2021, to discuss Q2 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 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 43821473#. 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) will host a conference call at 10:00 AM ET on Aug 6, 2021, to discuss Q2 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 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode 43821473#. For a replay call, dial 1-877-919-4059 (US) or 1-334-323-0140 (International) with pin 13838200. |
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