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699100.0
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2020-06-17 00:00:00 UTC
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Dominion seeks more time to complete U.S. Atlantic Coast natgas pipe
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https://www.nasdaq.com/articles/dominion-seeks-more-time-to-complete-u.s.-atlantic-coast-natgas-pipe-2020-06-17
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June 17 (Reuters) - Dominion Energy Inc D.N asked U.S. energy regulators for two more years to complete the long-delayed $8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina, which the company now expects to enter service in early 2022.
"Due to unforeseen delays in permitting, additional time is required in order to complete the construction," Dominion said in a filing late on Tuesday.
The U.S. Federal Energy Regulatory Commission (FERC) approved Dominion's request to build Atlantic Coast in October 2017, authorizing the company to complete the project by October 2020.
Atlantic Coast, the nation's most expensive gas pipe, is one of several projects delayed in recent years by state opposition and local and environmental legal and regulatory battles.
The company still needs to renew permits from the U.S. Forest Service and U.S. Fish and Wildlife Service (FWS) that were knocked out by decisions in the U.S. Court of Appeals for the Fourth Circuit, and a state air permit for a compressor in Virginia.
Dominion said it expects to receive the necessary approvals by the end of the year.
The company already received one ruling in its favor this week when the U.S. Supreme Court reversed a Fourth Circuit decision and ruled that the Forest Service has legal authority to permit the pipe to cross under the Appalachian Trail.
Dominion suspended construction of the 600-mile (966-km) project in December 2018 after the Fourth Circuit stayed a biological opinion from the FWS that allowed construction in areas inhabited by endangered species.
Atlantic Coast is owned by units of Dominion and Duke Energy Corp DUK.N.
When Dominion started work on the 1.5 billion cubic feet per day pipe in the spring of 2018, the company estimated it would cost $6.0-$6.5 billion and be completed in late 2019.
Virginia AG files Supreme Court brief opposing Dominion Atlantic Coast natgas pipe
Dominion still sees U.S. Atlantic Coast natgas pipe online in 2022 despite Morgan Stanley's doubts
U.S. court ruling could threaten pipeline projects with delays
UPDATE 2-U.S. Supreme Court clears way for pipeline to cross Appalachian Trail
UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service
(Reporting by Scott DiSavino; Editing by Tom Brown)
((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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Atlantic Coast, the nation's most expensive gas pipe, is one of several projects delayed in recent years by state opposition and local and environmental legal and regulatory battles. Fish and Wildlife Service (FWS) that were knocked out by decisions in the U.S. Court of Appeals for the Fourth Circuit, and a state air permit for a compressor in Virginia. Virginia AG files Supreme Court brief opposing Dominion Atlantic Coast natgas pipe Dominion still sees U.S. Atlantic Coast natgas pipe online in 2022 despite Morgan Stanley's doubts U.S. court ruling could threaten pipeline projects with delays UPDATE 2-U.S. Supreme Court clears way for pipeline to cross Appalachian Trail UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service (Reporting by Scott DiSavino; Editing by Tom Brown) ((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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The U.S. Federal Energy Regulatory Commission (FERC) approved Dominion's request to build Atlantic Coast in October 2017, authorizing the company to complete the project by October 2020. The company already received one ruling in its favor this week when the U.S. Supreme Court reversed a Fourth Circuit decision and ruled that the Forest Service has legal authority to permit the pipe to cross under the Appalachian Trail. Virginia AG files Supreme Court brief opposing Dominion Atlantic Coast natgas pipe Dominion still sees U.S. Atlantic Coast natgas pipe online in 2022 despite Morgan Stanley's doubts U.S. court ruling could threaten pipeline projects with delays UPDATE 2-U.S. Supreme Court clears way for pipeline to cross Appalachian Trail UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service (Reporting by Scott DiSavino; Editing by Tom Brown) ((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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June 17 (Reuters) - Dominion Energy Inc D.N asked U.S. energy regulators for two more years to complete the long-delayed $8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina, which the company now expects to enter service in early 2022. The company already received one ruling in its favor this week when the U.S. Supreme Court reversed a Fourth Circuit decision and ruled that the Forest Service has legal authority to permit the pipe to cross under the Appalachian Trail. Virginia AG files Supreme Court brief opposing Dominion Atlantic Coast natgas pipe Dominion still sees U.S. Atlantic Coast natgas pipe online in 2022 despite Morgan Stanley's doubts U.S. court ruling could threaten pipeline projects with delays UPDATE 2-U.S. Supreme Court clears way for pipeline to cross Appalachian Trail UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service (Reporting by Scott DiSavino; Editing by Tom Brown) ((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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June 17 (Reuters) - Dominion Energy Inc D.N asked U.S. energy regulators for two more years to complete the long-delayed $8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina, which the company now expects to enter service in early 2022. The company already received one ruling in its favor this week when the U.S. Supreme Court reversed a Fourth Circuit decision and ruled that the Forest Service has legal authority to permit the pipe to cross under the Appalachian Trail. Dominion suspended construction of the 600-mile (966-km) project in December 2018 after the Fourth Circuit stayed a biological opinion from the FWS that allowed construction in areas inhabited by endangered species.
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699101.0
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2020-06-15 00:00:00 UTC
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XLU, D, DUK, SO: ETF Inflow Alert
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https://www.nasdaq.com/articles/xlu-d-duk-so%3A-etf-inflow-alert-2020-06-15
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $108.6 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 190,420,000 to 192,270,000). Among the largest underlying components of XLU, in trading today Dominion Energy Inc (Symbol: D) is down about 1.1%, Duke Energy Corp (Symbol: DUK) is off about 1.4%, and Southern Company (Symbol: SO) is lower by about 1.4%. 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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $58.01. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $108.6 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 190,420,000 to 192,270,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today Dominion Energy Inc (Symbol: D) is down about 1.1%, Duke Energy Corp (Symbol: DUK) is off about 1.4%, and Southern Company (Symbol: SO) is lower by about 1.4%. 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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $58.01. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $108.6 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 190,420,000 to 192,270,000). 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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $58.01. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $108.6 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 190,420,000 to 192,270,000). 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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $58.01. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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699102.0
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2020-06-15 00:00:00 UTC
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U.S. Supreme Court clears way for pipeline to cross Appalachian Trail
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https://www.nasdaq.com/articles/u.s.-supreme-court-clears-way-for-pipeline-to-cross-appalachian-trail-2020-06-15
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By Lawrence Hurley
WASHINGTON, June 15 (Reuters) - Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia.
The 7-2 ruling was a victory for Dominion Energy Inc D.N and President Donald Trump's administration, both of which appealed a lower court ruling that halted construction of the 600-mile (965-km) Atlantic Coast Pipeline, which would run from West Virginia to North Carolina.
The decision, written by conservative Justice Clarence Thomas, removes one of several obstacles facing the project. Two liberal justices, Sonia Sotomayor and Elena Kagan, dissented.
"Today's decision is an affirmation for the Atlantic Coast Pipeline and communities across our region that are depending on it for jobs, economic growth and clean energy. We look forward to resolving the remaining project permits," Dominion said in a statement.
Environmental groups including the Sierra Club and Southern Environmental Law Center had sued to stop the pipeline after the U.S. Forest Service gave the green light for the project to run through the George Washington National Forest. Dominion Energy leads a consortium of companies in the project that also includes Duke Energy Corp DUK.N.
After a protracted application process involving multiple federal agencies, the Forest Service granted the consortium a right of way under the trail in 2018.
The Richmond-based 4th U.S. Circuit Court of Appeals found in 2018 that the Forest Service lacked the authority to grant a right of way for the pipeline where it crosses the Appalachian Trail in the national forest land because the trail was overseen by the National Park Service.
In Monday's ruling, the Supreme Court agreed with the Trump administration that the Forest Service retained the authority to approve rights of way across the trail.
The park service's authority over the trail "did not transform the land over which the trail passes into land within the National Park System," Thomas wrote.
Kelly Martin, who heads the Sierra Club's Beyond Dirty Fuels Campaign, vowed to contest the remaining permit applications.
"Nothing in today's ruling changes the fact that the fracked gas Atlantic Coast Pipeline is a dirty, dangerous threat to our health, climate and communities, and nothing about the ruling changes our intention to fight it," Martin added.
The proposed pipeline would be 600 feet (180 meters) below a section of the 2,200-mile (3,500 km) trail, which stretches from Maine to Georgia.
The Supreme Court's ruling will also affect the proposed 300-mile (480-km) Mountain Valley Pipeline, which would run from West Virginia to southern Virginia and crosses the trail in the Jefferson National Forest. The pipeline is almost finished but construction was halted as a result of the ruling in the Atlantic Coast pipeline case before the crossing under the trail was completed.
[For a graphic on major cases before the Supreme Court, click https://tmsnrt.rs/2mZn6MJ]
Graphic on major Supreme Court cases https://tmsnrt.rs/2mZn6MJ
In landmark ruling, U.S. Supreme Court bars discrimination against LGBT workers
U.S. Supreme Court rules for pipeline in Appalachian Trail dispute nL1N2DS0X2
U.S. Supreme Court snubs Trump on challenge to California 'sanctuary' laws
U.S. Supreme Court declines to hear gun rights cases
(Reporting by Lawrence Hurley; Additional reporting by Scott DiSavino; Editing by Will Dunham)
((lawrence.hurley@thomsonreuters.com; Twitter: @lawrencehurley; +1 202-809-3080;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Lawrence Hurley WASHINGTON, June 15 (Reuters) - Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. "Today's decision is an affirmation for the Atlantic Coast Pipeline and communities across our region that are depending on it for jobs, economic growth and clean energy. In Monday's ruling, the Supreme Court agreed with the Trump administration that the Forest Service retained the authority to approve rights of way across the trail.
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By Lawrence Hurley WASHINGTON, June 15 (Reuters) - Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. The 7-2 ruling was a victory for Dominion Energy Inc D.N and President Donald Trump's administration, both of which appealed a lower court ruling that halted construction of the 600-mile (965-km) Atlantic Coast Pipeline, which would run from West Virginia to North Carolina. [For a graphic on major cases before the Supreme Court, click https://tmsnrt.rs/2mZn6MJ] Graphic on major Supreme Court cases https://tmsnrt.rs/2mZn6MJ In landmark ruling, U.S. Supreme Court bars discrimination against LGBT workers U.S. Supreme Court rules for pipeline in Appalachian Trail dispute nL1N2DS0X2 U.S. Supreme Court snubs Trump on challenge to California 'sanctuary' laws U.S. Supreme Court declines to hear gun rights cases (Reporting by Lawrence Hurley; Additional reporting by Scott DiSavino; Editing by Will Dunham) ((lawrence.hurley@thomsonreuters.com; Twitter: @lawrencehurley; +1 202-809-3080;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Circuit Court of Appeals found in 2018 that the Forest Service lacked the authority to grant a right of way for the pipeline where it crosses the Appalachian Trail in the national forest land because the trail was overseen by the National Park Service. The Supreme Court's ruling will also affect the proposed 300-mile (480-km) Mountain Valley Pipeline, which would run from West Virginia to southern Virginia and crosses the trail in the Jefferson National Forest. [For a graphic on major cases before the Supreme Court, click https://tmsnrt.rs/2mZn6MJ] Graphic on major Supreme Court cases https://tmsnrt.rs/2mZn6MJ In landmark ruling, U.S. Supreme Court bars discrimination against LGBT workers U.S. Supreme Court rules for pipeline in Appalachian Trail dispute nL1N2DS0X2 U.S. Supreme Court snubs Trump on challenge to California 'sanctuary' laws U.S. Supreme Court declines to hear gun rights cases (Reporting by Lawrence Hurley; Additional reporting by Scott DiSavino; Editing by Will Dunham) ((lawrence.hurley@thomsonreuters.com; Twitter: @lawrencehurley; +1 202-809-3080;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The 7-2 ruling was a victory for Dominion Energy Inc D.N and President Donald Trump's administration, both of which appealed a lower court ruling that halted construction of the 600-mile (965-km) Atlantic Coast Pipeline, which would run from West Virginia to North Carolina. Circuit Court of Appeals found in 2018 that the Forest Service lacked the authority to grant a right of way for the pipeline where it crosses the Appalachian Trail in the national forest land because the trail was overseen by the National Park Service. The Supreme Court's ruling will also affect the proposed 300-mile (480-km) Mountain Valley Pipeline, which would run from West Virginia to southern Virginia and crosses the trail in the Jefferson National Forest.
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699103.0
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2020-06-10 00:00:00 UTC
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Wednesday Sector Leaders: Technology & Communications, Utilities
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https://www.nasdaq.com/articles/wednesday-sector-leaders%3A-technology-communications-utilities-2020-06-10
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In afternoon trading on Wednesday, Technology & Communications stocks are the best performing sector, up 0.4%. Within that group, NVIDIA Corp (Symbol: NVDA) and Microsoft Corporation (Symbol: MSFT) are two large stocks leading the way, showing a gain of 3.8% and 3.6%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.9% on the day, and up 14.24% year-to-date. NVIDIA Corp, meanwhile, is up 59.70% year-to-date, and Microsoft Corporation is up 25.30% year-to-date. Combined, NVDA and MSFT make up approximately 24.2% of the underlying holdings of XLK.
The next best performing sector is the Utilities sector, losing just 0.2%. Among large Utilities stocks, Dominion Energy Inc (Symbol: D) and Eversource Energy (Symbol: ES) are the most notable, showing a gain of 1.3% and 1.1%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.1% in midday trading, and down 3.94% on a year-to-date basis. Dominion Energy Inc , meanwhile, is up 7.30% year-to-date, and Eversource Energy is up 2.70% year-to-date. Combined, D and ES make up approximately 11.7% 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 Wednesday. As you can see, one sector is up on the day, while eight sectors are down.
SECTOR % CHANGE
Technology & Communications +0.4%
Utilities -0.2%
Healthcare -0.3%
Consumer Products -0.9%
Materials -0.9%
Services -1.2%
Industrial -1.2%
Financial -1.8%
Energy -2.8%
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In afternoon trading on Wednesday, Technology & Communications stocks are the best performing sector, up 0.4%. 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 Wednesday. Technology & Communications +0.4% Utilities -0.2% Healthcare -0.3% Consumer Products -0.9% Materials -0.9% Services -1.2% Industrial -1.2% Financial -1.8% Energy -2.8% 25 Dividend Giants Widely Held By ETFs » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Within that group, NVIDIA Corp (Symbol: NVDA) and Microsoft Corporation (Symbol: MSFT) are two large stocks leading the way, showing a gain of 3.8% and 3.6%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.9% on the day, and up 14.24% year-to-date. Among large Utilities stocks, Dominion Energy Inc (Symbol: D) and Eversource Energy (Symbol: ES) are the most notable, showing a gain of 1.3% and 1.1%, respectively.
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Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.9% on the day, and up 14.24% year-to-date. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.1% in midday trading, and down 3.94% 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 Wednesday.
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In afternoon trading on Wednesday, Technology & Communications stocks are the best performing sector, up 0.4%. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.9% on the day, and up 14.24% year-to-date. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 0.1% in midday trading, and down 3.94% on a year-to-date basis.
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699104.0
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2020-06-05 00:00:00 UTC
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Friday Sector Laggards: Utilities, Healthcare
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https://www.nasdaq.com/articles/friday-sector-laggards%3A-utilities-healthcare-2020-06-05
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The worst performing sector as of midday Friday is the Utilities sector, higher by 2.6%. Within that group, Dominion Energy Inc (Symbol: D) and Atmos Energy Corp. (Symbol: ATO) are two of the day's laggards, with D not showing much of a gain and ATO up 0.4%. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 2.2% on the day, and down 3.74% year-to-date. Dominion Energy Inc , meanwhile, is up 4.89% year-to-date, and Atmos Energy Corp., is down 5.39% year-to-date. Combined, D and ATO make up approximately 9.9% of the underlying holdings of XLU.
The next worst performing sector is the Healthcare sector, higher by 2.6%. Among large Healthcare stocks, Vertex Pharmaceuticals, Inc. (Symbol: VRTX) and Quest Diagnostics, Inc. (Symbol: DGX) are the most notable, showing a loss of 2.4% and 1.5%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 2.0% in midday trading, and up 2.08% on a year-to-date basis. Vertex Pharmaceuticals, Inc., meanwhile, is up 21.56% year-to-date, and Quest Diagnostics, Inc. is up 11.23% year-to-date. Combined, VRTX and DGX make up approximately 2.2% 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 Friday. As you can see, nine sectors are up on the day, while none of the sectors are down.
SECTOR % CHANGE
Energy +9.7%
Financial +4.9%
Industrial +4.5%
Consumer Products +4.0%
Services +3.5%
Materials +3.4%
Technology & Communications +2.7%
Utilities +2.6%
Healthcare +2.6%
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, VRTX and DGX make up approximately 2.2% 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 Friday. Energy +9.7% Financial +4.9% Industrial +4.5% Consumer Products +4.0% Services +3.5% Materials +3.4% Technology & Communications +2.7% Utilities +2.6% Healthcare +2.6% 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The worst performing sector as of midday Friday is the Utilities sector, higher by 2.6%. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 2.2% on the day, and down 3.74% year-to-date. Among large Healthcare stocks, Vertex Pharmaceuticals, Inc. (Symbol: VRTX) and Quest Diagnostics, Inc. (Symbol: DGX) are the most notable, showing a loss of 2.4% and 1.5%, respectively.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 2.2% on the day, and down 3.74% year-to-date. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 2.0% in midday trading, and up 2.08% 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 Friday.
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The worst performing sector as of midday Friday is the Utilities sector, higher by 2.6%. Within that group, Dominion Energy Inc (Symbol: D) and Atmos Energy Corp. (Symbol: ATO) are two of the day's laggards, with D not showing much of a gain and ATO up 0.4%. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 2.2% on the day, and down 3.74% year-to-date.
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699105.0
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2020-06-05 00:00:00 UTC
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7 Utility Stocks to Buy Keeping Lights On And Dividends Flowing
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https://www.nasdaq.com/articles/7-utility-stocks-to-buy-keeping-lights-on-and-dividends-flowing-2020-06-05
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
This market has been on a tear. If, as the old saying goes, bull markets climb a wall of worry, this one has leapt that wall in a single bound.
Now, maybe with all the Federal Reserve support and the trillions of dollars in stimulus approved by Congress this will continue.
But there are also 40 million people out of work and the economy is in a recession that goes far beyond America’s shores.
If you’re an investor looking for opportunity but would also like sleep-at-night safety, or would like to go on holiday without looking at your portfolio every few hours, then utilities are a good place to start.
For many electric utilities, they have both regulated and unregulated operations. That means one part of the operation provides a solid foundation of conservative growth. And the other provides opportunity to sell energy at market prices, offering greater growth.
7 Hotel Stocks to Buy Before Vacationing Restarts
Here are 7 utility stocks keeping the lights on below
NextEra Energy (NYSE:NEE)
Dominion Energy (NYSE:D)
American Water Works (NYSE:AWK)
Brookfield Infrastructure Partners (NYSE:BIP)
Algonquin Power & Utilities (NYSE:AQN)
Ormat Technologies (NYSE:ORA)
Atlantica Sustainable Technologies (NYSE:AY)
These are well-established companies with long records of growth and safety. Between that and their traditionally strong dividend yields, that makes high-quality utilities a must-have for my Growth Investor buy list.
Utility Stocks to Buy: NextEra Energy (NEE)
Source: madamF / Shutterstock.com
This company is a prime example of what I was talking about in the intro. It operates FPL (Florida Power & Light), which is a regulated utility that serves southern Florida.
And it is also the largest producer of wind and solar energy in the world.
Its regulated business operates in high-growth, densely populated sector of the state, which means solid, reliable returns.
And its unregulated business sells renewable energy across the US to other utilities and industry. They can use the renewable energy to offset their carbon emissions and they don’t have to get into the renewables business. It’s a model that more and more utilities are adopting.
Also, renewables are more resilient as climactic events rise.
The stock is up 26% in the past year and 7% year to date. The latter figure is bullish given the drop in industrial and commercial demand due to COVID-19 lockdowns. NEE has a 2.2% dividend. You can see why this is among my favorite Elite Dividend Payer stocks for my Growth Investor recommendations.
Dominion Energy (D)
Source: ying / Shutterstock.com
Dominion is one of the biggest utilities on the East Coast. It is the main regulated utility in Virginia as well as parts of the Carolinas. Meanwhile, its natural gas business covers the aforementioned as well as West Virginia, Ohio, Pennsylvania, Georgia, Utah and Wyoming.
D has a $72 billion market cap and a rock-solid business in Virginia, where there are significant corporate offices for defense contractors, telecommunications and internet firms. The point being, it has steady strong demand on both the consumer and commercial sides.
Its unregulated business leans on its natural gas operations. It’s one of a handful of companies that has both extensive natural gas distribution assets as well as an export facility.
Exporting natural gas is a huge opportunity, since natural gas prices are triple (or higher) in European and Asian markets. D also has expanding renewable operations in and beyond its core service areas.
7 Hotel Stocks to Buy Before Vacationing Restarts
The stock is up 12% in the past year, 3% year to date. But it has a generous and rock-solid 4.4% dividend.
American Water Works (AWK)
Source: Shutterstock
AWK’s roots go back to 1886 when it was operating as a utility in the US and Canada. And its journey to its current path has been somewhat circuitous but now it operates divisions in more than 46 states and serves 14 million customers.
The story of the water business has changed over the years. It used to be that cities, towns or municipalities ran their own water companies. But over the past 3 decades that became increasingly expensive, since this isn’t a core competency of many municipal governments.
This was the precursor to the rise of water utilities that could operate these water systems for the governments at set rates, like any other utility. The utilities could do this because they could operate at scale and were focused on just one task. This has worked out very well for both AWK and the states it operates in.
AWK also has contracts for military bases, which is a reliable source of income. Given the current challenges of water demand for commercial and consumer operations, AWK is in a growth market with a broad reach.
The stock is up 13% in the past year and 8% year to date. It also has a 1.7% dividend. And I’ve got even better growth-and-income plays where that came from.
Brookfield Infrastructure Partners (BIP)
Source: Shutterstock
Brookfield Infrastructure Partners is a Canada-based company with properties around the world. Those properties include utilities, transport, energy and data infrastructure businesses. BIP has been operating for 105 years and is still going strong.
Just this year it was in a bidding war with Australia-based Macquarie Infrastructure (NYSE:MIC) for telecom Cincinnati Bell (NYSE:CBB). In the end it lost out to MIC.
However, the company has a diverse portfolio of assets, which means it can take advantage of opportunities in a number of different industries, given their economic cycle.
The company is structured as a limited partnership, which means stockholders are treated a direct owners, and net income is distributed as a generous dividend. That dividend currently sits at 4.6%.
7 Hotel Stocks to Buy Before Vacationing Restarts
The stock is up 10% in the past year, despite being off nearly 7% year to date.
Algonquin Power & Utilities (AQN)
Source: Shutterstock
Canadian firm Alqgonquin Power holds an interesting mix of assets. And while its name might not be familiar to most south of the border, AQN has operations in 12 U.S. states under its subsidiary Liberty Utilities.
Liberty’s operations range from operating sewer companies to gas, water and electric operations in select cities and districts. Many of the properties were acquired from companies looking to spin off smaller operations and those that weren’t matching the larger focus of the company.
AQN can operate these at smaller scales and still remain profitable. That’s the kind of business model I look for in making Growth Investor picks. The company also is very involved in renewable energy efforts in Canada, including hydroelectric projects.
AQN delivers an attractive 4.2% dividend and the stock is up 20% in the past 12 months, and 3% year to date.
Ormat Technologies (ORA)
Source: Shutterstock
This unique company started in Israel in the mid-1960s. It developed a proprietary turbine that could convert geothermal or recovered energy (the heat generated by other equipment) into electricity.
By the oil crisis in the ‘70s, the value of self-sufficient, renewable energy resources became a very popular concept.
In the decades that followed, ORA installed geothermal systems in Israel, New Zealand, Iceland, Guatemala, Kenya and the U.S. Today, the company is headquartered in Nevada.
Most renewable energy headlines go to solar or wind these days, but there is a growing demand for geothermal as well. ORA has a solar division as well, plus a technology that can separate oil from oil sands more efficiently than traditional processes.
7 Hotel Stocks to Buy Before Vacationing Restarts
While it is an energy company, it doesn’t operate as a utility, so its dividend isn’t spectacular, sitting at 0.6%. ORA is up 15% in the past year, and off 5% year to date. But its technology is at the heart of where energy generation, and thus utility consumption, is going.
Atlantica Sustainable Infrastructure (AY)
Source: Shutterstock
Atlantica Sustainable is a UK-based firm that owns a diversified portfolio of energy assets around the world.
From solar farms in Spain, the US, South Africa and the Sahara, to wind turbines in Peru to electrical grids in Chile, AY has operations that span a variety of sectors in a range of countries.
Almost all of its contracts are dollar or euro based, which helps stabilize its income stream. And most projects are under contract for the next decade or longer. This allows the company to look for new projects and show that it can sustain the new opportunity costs.
Launched in 2013, the company is relatively new to the game, but its renewables focus certainly makes it a strong play on growth in the overall sector. It has a $2.8 billion market cap, so it’s growing well.
The stock is up 23% in the past 12 months and 3% in year to date. But it also has a 5.9% dividend, which is certainly a nice kicker.
Speaking of income and growth plays…
Currently, my Portfolio Grader I used to find Growth Investor stocks is picking up plenty of buys in all kinds of sectors. One that I’m particularly excited about now is helping enable a major upgrade across the telecom industry, across the world.
The 5G Buildout Is an Incredible Opportunity for Investors Right Now
Within two years, most cell phones will be 5G enabled and be able to wirelessly handle television streaming. With 5G, we’ll have cable modem speeds on any device; no need to plug in. That’s a big deal for rural areas … the very same areas that are also key to President Donald Trump’s reelection. So, by pushing 5G over the goal line, Trump will deliver a big win for his base — and strike a blow against Chinese rivals like Huawei Technologies.
But big picture, 5G is about much more than trade wars and faster downloads. Because 5G is 100 times faster than 4G, it’ll allow your wireless internet devices to work in real time. That advancement is a game changer for tech companies.
With the 5G infrastructure market set to grow at an annual rate of 67% over the next 10 years, the entire market will go from $780 million to nearly $48 billion. This buildout is where I see opportunity with 5G stocks now.
Cable companies can do their best to fight back with fiber optics … but they can’t compete with the convenience of a smartphone, once it’s got ultra-fast 5G. That’s how my 5G infrastructure play will capture more market share from the broadband cable companies.
The stock I’m targeting is enjoying an influx of big money on Wall Street, and it has good fundamentals, too — making it a “Strong Buy” in my Portfolio Grader system now.
Click here to watch my new, free briefing on this extraordinary technology and the opportunity with 5G stocks.
When you do, you’ll see how to claim a free copy of my investment report, The King of 5G “Turbo Button” Technology, which has full details on this company — and what makes it such a great buy now.
Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.
The post 7 Utility Stocks to Buy Keeping Lights On And Dividends Flowing appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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From solar farms in Spain, the US, South Africa and the Sahara, to wind turbines in Peru to electrical grids in Chile, AY has operations that span a variety of sectors in a range of countries. The stock I’m targeting is enjoying an influx of big money on Wall Street, and it has good fundamentals, too — making it a “Strong Buy” in my Portfolio Grader system now. When you do, you’ll see how to claim a free copy of my investment report, The King of 5G “Turbo Button” Technology, which has full details on this company — and what makes it such a great buy now.
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7 Hotel Stocks to Buy Before Vacationing Restarts Here are 7 utility stocks keeping the lights on below NextEra Energy (NYSE:NEE) Dominion Energy (NYSE:D) American Water Works (NYSE:AWK) Brookfield Infrastructure Partners (NYSE:BIP) Algonquin Power & Utilities (NYSE:AQN) Ormat Technologies (NYSE:ORA) Atlantica Sustainable Technologies (NYSE:AY) These are well-established companies with long records of growth and safety. Brookfield Infrastructure Partners (BIP) Source: Shutterstock Brookfield Infrastructure Partners is a Canada-based company with properties around the world. Algonquin Power & Utilities (AQN) Source: Shutterstock Canadian firm Alqgonquin Power holds an interesting mix of assets.
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7 Hotel Stocks to Buy Before Vacationing Restarts Here are 7 utility stocks keeping the lights on below NextEra Energy (NYSE:NEE) Dominion Energy (NYSE:D) American Water Works (NYSE:AWK) Brookfield Infrastructure Partners (NYSE:BIP) Algonquin Power & Utilities (NYSE:AQN) Ormat Technologies (NYSE:ORA) Atlantica Sustainable Technologies (NYSE:AY) These are well-established companies with long records of growth and safety. Liberty’s operations range from operating sewer companies to gas, water and electric operations in select cities and districts. 7 Hotel Stocks to Buy Before Vacationing Restarts While it is an energy company, it doesn’t operate as a utility, so its dividend isn’t spectacular, sitting at 0.6%.
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And its unregulated business sells renewable energy across the US to other utilities and industry. This has worked out very well for both AWK and the states it operates in. Launched in 2013, the company is relatively new to the game, but its renewables focus certainly makes it a strong play on growth in the overall sector.
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699106.0
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2020-06-04 00:00:00 UTC
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XLU, JPHF: Big ETF Outflows
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D
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https://www.nasdaq.com/articles/xlu-jphf%3A-big-etf-outflows-2020-06-04
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nan
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nan
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Utilities Select Sector SPDR Fund, where 9,400,000 units were destroyed, or a 4.7% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy is off about 0.3%, and Dominion Energy is lower by about 1.2%.
And on a percentage change basis, the ETF with the biggest outflow was the JPHF ETF, which lost 800,000 of its units, representing a 37.2% decline in outstanding units compared to the week prior.
VIDEO: XLU, JPHF: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Utilities Select Sector SPDR Fund, where 9,400,000 units were destroyed, or a 4.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the JPHF ETF, which lost 800,000 of its units, representing a 37.2% decline in outstanding units compared to the week prior. VIDEO: XLU, JPHF: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Utilities Select Sector SPDR Fund, where 9,400,000 units were destroyed, or a 4.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the JPHF ETF, which lost 800,000 of its units, representing a 37.2% decline in outstanding units compared to the week prior. VIDEO: XLU, JPHF: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Utilities Select Sector SPDR Fund, where 9,400,000 units were destroyed, or a 4.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the JPHF ETF, which lost 800,000 of its units, representing a 37.2% decline in outstanding units compared to the week prior. VIDEO: XLU, JPHF: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Utilities Select Sector SPDR Fund, where 9,400,000 units were destroyed, or a 4.7% decrease week over week. Among the largest underlying components of XLU, in morning trading today Nextera Energy is off about 0.3%, and Dominion Energy is lower by about 1.2%. And on a percentage change basis, the ETF with the biggest outflow was the JPHF ETF, which lost 800,000 of its units, representing a 37.2% decline in outstanding units compared to the week prior.
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699107.0
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2020-06-03 00:00:00 UTC
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Wednesday Sector Laggards: Healthcare, Utilities
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D
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https://www.nasdaq.com/articles/wednesday-sector-laggards%3A-healthcare-utilities-2020-06-03
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nan
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nan
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In afternoon trading on Wednesday, Healthcare stocks are the worst performing sector, not showing much of a gain. Within the sector, DexCom Inc (Symbol: DXCM) and Regeneron Pharmaceuticals, Inc. (Symbol: REGN) are two large stocks that are lagging, showing a loss of 3.8% and 3.3%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 0.5% on the day, and up 0.61% year-to-date. DexCom Inc, meanwhile, is up 65.29% year-to-date, and Regeneron Pharmaceuticals, Inc. is up 59.07% year-to-date. Combined, DXCM and REGN make up approximately 2.1% of the underlying holdings of XLV.
The next worst performing sector is the Utilities sector, up 1.4%. Among large Utilities stocks, WEC Energy Group Inc (Symbol: WEC) and Dominion Energy Inc (Symbol: D) are the most notable, with WEC showing a loss of 0.1% and D up 0.3%. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 1.2% in midday trading, and down 4.03% on a year-to-date basis. WEC Energy Group Inc, meanwhile, is up 3.21% year-to-date, and Dominion Energy Inc is up 5.58% year-to-date. Combined, WEC and D make up approximately 11.9% 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 Wednesday. As you can see, eight sectors are up on the day, while none of the sectors are down.
SECTOR % CHANGE
Financial +4.2%
Industrial +3.5%
Services +3.2%
Materials +3.2%
Energy +2.8%
Consumer Products +2.7%
Technology & Communications +1.6%
Utilities +1.4%
Healthcare -0.0%
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In afternoon trading on Wednesday, Healthcare stocks are the worst performing sector, not showing much of a gain. 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 Wednesday. Financial +4.2% Industrial +3.5% Services +3.2% Materials +3.2% Energy +2.8% Consumer Products +2.7% Technology & Communications +1.6% Utilities +1.4% Healthcare -0.0% 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In afternoon trading on Wednesday, Healthcare stocks are the worst performing sector, not showing much of a gain. Within the sector, DexCom Inc (Symbol: DXCM) and Regeneron Pharmaceuticals, Inc. (Symbol: REGN) are two large stocks that are lagging, showing a loss of 3.8% and 3.3%, respectively. Among large Utilities stocks, WEC Energy Group Inc (Symbol: WEC) and Dominion Energy Inc (Symbol: D) are the most notable, with WEC showing a loss of 0.1% and D up 0.3%.
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Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 0.5% on the day, and up 0.61% year-to-date. Among large Utilities stocks, WEC Energy Group Inc (Symbol: WEC) and Dominion Energy Inc (Symbol: D) are the most notable, with WEC showing a loss of 0.1% and D up 0.3%. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 1.2% in midday trading, and down 4.03% on a year-to-date basis.
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Within the sector, DexCom Inc (Symbol: DXCM) and Regeneron Pharmaceuticals, Inc. (Symbol: REGN) are two large stocks that are lagging, showing a loss of 3.8% and 3.3%, respectively. DexCom Inc, meanwhile, is up 65.29% year-to-date, and Regeneron Pharmaceuticals, Inc. is up 59.07% year-to-date. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is up 1.2% in midday trading, and down 4.03% on a year-to-date basis.
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699108.0
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2020-06-02 00:00:00 UTC
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Ex-Dividend Reminder: Dominion Energy, Baxter International and Commerce Bancshares
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D
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-dominion-energy-baxter-international-and-commerce-bancshares-2020-06
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 6/4/20, Dominion Energy Inc (Symbol: D), Baxter International Inc (Symbol: BAX), and Commerce Bancshares Inc (Symbol: CBSH) will all trade ex-dividend for their respective upcoming dividends. Dominion Energy Inc will pay its quarterly dividend of $0.94 on 6/20/20, Baxter International Inc will pay its quarterly dividend of $0.245 on 7/1/20, and Commerce Bancshares Inc will pay its quarterly dividend of $0.27 on 6/22/20. As a percentage of D's recent stock price of $85.89, this dividend works out to approximately 1.09%, so look for shares of Dominion Energy Inc to trade 1.09% lower — all else being equal — when D shares open for trading on 6/4/20. Similarly, investors should look for BAX to open 0.27% lower in price and for CBSH to open 0.43% lower, all else being equal.
Below are dividend history charts for D, BAX, and CBSH, showing historical dividends prior to the most recent ones declared.
Dominion Energy Inc (Symbol: D):
Baxter International Inc (Symbol: BAX):
Commerce Bancshares Inc (Symbol: CBSH):
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 4.38% for Dominion Energy Inc , 1.08% for Baxter International Inc, and 1.70% for Commerce Bancshares Inc.
In Tuesday trading, Dominion Energy Inc shares are currently up about 1%, Baxter International Inc shares are up about 0.4%, and Commerce Bancshares Inc shares are off about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of D's recent stock price of $85.89, this dividend works out to approximately 1.09%, so look for shares of Dominion Energy Inc to trade 1.09% lower — all else being equal — when D shares open for trading on 6/4/20. 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 4.38% for Dominion Energy Inc , 1.08% for Baxter International Inc, and 1.70% for Commerce Bancshares Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/4/20, Dominion Energy Inc (Symbol: D), Baxter International Inc (Symbol: BAX), and Commerce Bancshares Inc (Symbol: CBSH) will all trade ex-dividend for their respective upcoming dividends. Dominion Energy Inc will pay its quarterly dividend of $0.94 on 6/20/20, Baxter International Inc will pay its quarterly dividend of $0.245 on 7/1/20, and Commerce Bancshares Inc will pay its quarterly dividend of $0.27 on 6/22/20. Dominion Energy Inc (Symbol: D): Baxter International Inc (Symbol: BAX): Commerce Bancshares Inc (Symbol: CBSH): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/4/20, Dominion Energy Inc (Symbol: D), Baxter International Inc (Symbol: BAX), and Commerce Bancshares Inc (Symbol: CBSH) will all trade ex-dividend for their respective upcoming dividends. Dominion Energy Inc will pay its quarterly dividend of $0.94 on 6/20/20, Baxter International Inc will pay its quarterly dividend of $0.245 on 7/1/20, and Commerce Bancshares Inc will pay its quarterly dividend of $0.27 on 6/22/20. Dominion Energy Inc (Symbol: D): Baxter International Inc (Symbol: BAX): Commerce Bancshares Inc (Symbol: CBSH): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of D's recent stock price of $85.89, this dividend works out to approximately 1.09%, so look for shares of Dominion Energy Inc to trade 1.09% lower — all else being equal — when D shares open for trading on 6/4/20. 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 4.38% for Dominion Energy Inc , 1.08% for Baxter International Inc, and 1.70% for Commerce Bancshares Inc.
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699109.0
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2020-06-01 00:00:00 UTC
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D Crosses Above Average Analyst Target
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D
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https://www.nasdaq.com/articles/d-crosses-above-average-analyst-target-2020-06-01
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nan
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nan
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In recent trading, shares of Dominion Energy Inc (Symbol: D) have crossed above the average analyst 12-month target price of $84.33, changing hands for $85.01/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 9 different analyst targets contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $74.00. And then on the other side of the spectrum one analyst has a target as high as $91.00. The standard deviation is $4.949.
But the whole reason to look at the average D price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with D crossing above that average target price of $84.33/share, investors in D have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $84.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dominion Energy Inc :
RECENT D ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 2 2 2 1
Buy ratings: 0 0 0 0
Hold ratings: 9 9 8 10
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 2.64 2.64 2.6 2.82
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on D — FREE.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of Dominion Energy Inc (Symbol: D) have crossed above the average analyst 12-month target price of $84.33, changing hands for $85.01/share. And so with D crossing above that average target price of $84.33/share, investors in D have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $84.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dominion Energy Inc :
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In recent trading, shares of Dominion Energy Inc (Symbol: D) have crossed above the average analyst 12-month target price of $84.33, changing hands for $85.01/share. There are 9 different analyst targets contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 2 2 2 1 Buy ratings: 0 0 0 0 Hold ratings: 9 9 8 10 Sell ratings: 0 0 0 0 Strong sell ratings: 0 0 0 0 Average rating: 2.64 2.64 2.6 2.82 The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell.
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When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. There are 9 different analyst targets contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 2 2 2 1 Buy ratings: 0 0 0 0 Hold ratings: 9 9 8 10 Sell ratings: 0 0 0 0 Strong sell ratings: 0 0 0 0 Average rating: 2.64 2.64 2.6 2.82 The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell.
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Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 9 different analyst targets contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. And then on the other side of the spectrum one analyst has a target as high as $91.00.
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699110.0
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2020-05-29 00:00:00 UTC
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Court ruling in Keystone XL case another blow to big U.S. pipelines, say energy analysts
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D
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https://www.nasdaq.com/articles/court-ruling-in-keystone-xl-case-another-blow-to-big-u.s.-pipelines-say-energy-analysts
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By Scott DiSavino
May 29 (Reuters) - The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, energy analysts said.
The Trump administration has pressed ahead with new pipeline construction but several projects have been stalled by successful legal challenges saying the administration is not applying careful regulatory scrutiny.
Last month, a Montana judge ruled the Army Corps authorized permits to cross streams without properly consulting other federal agencies on endangered species. Rather than limit its ruling to the Keystone XL crude pipeline case before the court, the judge questioned the Army Corps' method of authorizing stream crossing under the entire National Permit 12 program.
The U.S. Ninth Circuit Court of Appeals on Thursday left that ruling in place, which will likely prevent Keystone and other pipelines from using Army Corps' stream crossing permits until the appeals court decides in early 2021, the analysts said.
It means the two biggest gas pipes under construction - Dominion Energy Inc's D.N Atlantic Coast and EQM Midstream Partners LP's EQM.N Mountain Valley - are likely to be delayed by several more months.
Mountain Valley is not likely to start service until at least the second quarter of 2021, analysts at Height Capital Markets in Washington said on Friday.
"There are too many variables regarding the ... recent Ninth Circuit ruling to accurately determine the potential impact to Mountain Valley's schedule or budget at this time," said EQM spokeswoman Natalie Cox. The current in-service target for the $5.4 billion West Virginia-Virginia pipeline is still late 2020, she said.
Dominion said it was disappointed in the court's decision but still planned to complete the $8 billion Atlantic Coast from West Virginia to North Carolina in early 2022, so long as it can cut trees from November to March.
Height Capital analysts, however, said "Dominion will also likely need to push in-service for Atlantic Coast as this decision will impact (its) ability to clear trees."
UPDATE 1-EQM stops some work on WV-VA Mountain Valley natgas pipe
INSIGHT-Trump's fast-tracking of oil pipelines hits legal roadblocks
U.S. court ruling could threaten pipeline projects with delays
Montana judge upholds ruling that canceled Keystone XL pipeline permit
ETRN and EQM Announce First Quarter 2020 Results
UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service
Keystone XL pipeline likely to face delays after U.S. court denies stay
EQM sees U.S. Mountain Valley natgas pipe on in 2020, analysts not so sure
(Reporting by Scott DiSavino; Editing by Dan Grebler and Grant McCool)
((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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By Scott DiSavino May 29 (Reuters) - The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, energy analysts said. Rather than limit its ruling to the Keystone XL crude pipeline case before the court, the judge questioned the Army Corps' method of authorizing stream crossing under the entire National Permit 12 program. Dominion said it was disappointed in the court's decision but still planned to complete the $8 billion Atlantic Coast from West Virginia to North Carolina in early 2022, so long as it can cut trees from November to March.
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By Scott DiSavino May 29 (Reuters) - The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, energy analysts said. Last month, a Montana judge ruled the Army Corps authorized permits to cross streams without properly consulting other federal agencies on endangered species. UPDATE 1-EQM stops some work on WV-VA Mountain Valley natgas pipe INSIGHT-Trump's fast-tracking of oil pipelines hits legal roadblocks U.S. court ruling could threaten pipeline projects with delays Montana judge upholds ruling that canceled Keystone XL pipeline permit ETRN and EQM Announce First Quarter 2020 Results UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service Keystone XL pipeline likely to face delays after U.S. court denies stay EQM sees U.S. Mountain Valley natgas pipe on in 2020, analysts not so sure (Reporting by Scott DiSavino; Editing by Dan Grebler and Grant McCool) ((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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By Scott DiSavino May 29 (Reuters) - The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, energy analysts said. The U.S. Ninth Circuit Court of Appeals on Thursday left that ruling in place, which will likely prevent Keystone and other pipelines from using Army Corps' stream crossing permits until the appeals court decides in early 2021, the analysts said. UPDATE 1-EQM stops some work on WV-VA Mountain Valley natgas pipe INSIGHT-Trump's fast-tracking of oil pipelines hits legal roadblocks U.S. court ruling could threaten pipeline projects with delays Montana judge upholds ruling that canceled Keystone XL pipeline permit ETRN and EQM Announce First Quarter 2020 Results UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service Keystone XL pipeline likely to face delays after U.S. court denies stay EQM sees U.S. Mountain Valley natgas pipe on in 2020, analysts not so sure (Reporting by Scott DiSavino; Editing by Dan Grebler and Grant McCool) ((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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The U.S. Ninth Circuit Court of Appeals on Thursday left that ruling in place, which will likely prevent Keystone and other pipelines from using Army Corps' stream crossing permits until the appeals court decides in early 2021, the analysts said. Dominion said it was disappointed in the court's decision but still planned to complete the $8 billion Atlantic Coast from West Virginia to North Carolina in early 2022, so long as it can cut trees from November to March. Height Capital analysts, however, said "Dominion will also likely need to push in-service for Atlantic Coast as this decision will impact (its) ability to clear trees."
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699111.0
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2020-05-29 00:00:00 UTC
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Court ruling in Keystone XL case is another blow against big U.S. natgas pipes
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https://www.nasdaq.com/articles/court-ruling-in-keystone-xl-case-is-another-blow-against-big-u.s.-natgas-pipes-2020-05-29
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By Scott DiSavino
May 29 (Reuters) - The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, analysts say.
The Trump Administration has aggressively pressed ahead with new pipeline construction, but several projects have run into roadblocks due to successful legal challenges charging that the administration is not applying careful regulatory scrutiny.
Last month, a Montana judge ruled the Army Corps authorized permits to cross streams without properly consulting other federal agencies on endangered species. Rather than limit its ruling to the Keystone XL crude pipeline case before the court, the Montana judge questioned the Army Corps' method of authorizing stream crossing under the entire National Permit 12 program.
The U.S. Ninth Circuit Court of Appeals on Thursday left that ruling in place, which will prevent Keystone and other pipelines from using the Army Corps' stream-crossing permit program.
It means the two biggest gas pipes under construction - Dominion Energy Inc's D.N Atlantic Coast and EQM Midstream Partners LP's EQM.N Mountain Valley - are likely to be delayed by several more months as legal battles continue.
Mountain Valley is not likely to start service until at least the second quarter of 2021, analysts at Height Capital Markets in Washington said on Friday. EQM has said it planned to complete the $5.4 billion line from West Virginia to Virginia by late 2020. The company was not available for comment on Friday.
Dominion said it was disappointed in the Ninth Circuit decision but still planned to complete the $8 billion Atlantic Coast from West Virginia to North Carolina in early 2022, so long as it can cut trees from November to March.
Height Capital analysts, however, said "Dominion will also likely need to push in-service for Atlantic Coast as this decision will impact (its) ability to clear trees."
The Trump Administration wants the court to overturn the Montana judge's ruling. But the case is not likely to be decided until early 2021, analysts said.
UPDATE 1-EQM stops some work on WV-VA Mountain Valley natgas pipe
INSIGHT-Trump's fast-tracking of oil pipelines hits legal roadblocks
U.S. court ruling could threaten pipeline projects with delays
Montana judge upholds ruling that canceled Keystone XL pipeline permit
ETRN and EQM Announce First Quarter 2020 Results
UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service
Keystone XL pipeline likely to face delays after U.S. court denies stay
EQM sees U.S. Mountain Valley natgas pipe on in 2020, analysts not so sure
(Reporting by Scott DiSavino; Editing by Dan Grebler)
((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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Rather than limit its ruling to the Keystone XL crude pipeline case before the court, the Montana judge questioned the Army Corps' method of authorizing stream crossing under the entire National Permit 12 program. It means the two biggest gas pipes under construction - Dominion Energy Inc's D.N Atlantic Coast and EQM Midstream Partners LP's EQM.N Mountain Valley - are likely to be delayed by several more months as legal battles continue. Dominion said it was disappointed in the Ninth Circuit decision but still planned to complete the $8 billion Atlantic Coast from West Virginia to North Carolina in early 2022, so long as it can cut trees from November to March.
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By Scott DiSavino May 29 (Reuters) - The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, analysts say. Last month, a Montana judge ruled the Army Corps authorized permits to cross streams without properly consulting other federal agencies on endangered species. UPDATE 1-EQM stops some work on WV-VA Mountain Valley natgas pipe INSIGHT-Trump's fast-tracking of oil pipelines hits legal roadblocks U.S. court ruling could threaten pipeline projects with delays Montana judge upholds ruling that canceled Keystone XL pipeline permit ETRN and EQM Announce First Quarter 2020 Results UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service Keystone XL pipeline likely to face delays after U.S. court denies stay EQM sees U.S. Mountain Valley natgas pipe on in 2020, analysts not so sure (Reporting by Scott DiSavino; Editing by Dan Grebler) ((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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By Scott DiSavino May 29 (Reuters) - The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, analysts say. Rather than limit its ruling to the Keystone XL crude pipeline case before the court, the Montana judge questioned the Army Corps' method of authorizing stream crossing under the entire National Permit 12 program. UPDATE 1-EQM stops some work on WV-VA Mountain Valley natgas pipe INSIGHT-Trump's fast-tracking of oil pipelines hits legal roadblocks U.S. court ruling could threaten pipeline projects with delays Montana judge upholds ruling that canceled Keystone XL pipeline permit ETRN and EQM Announce First Quarter 2020 Results UPDATE 1-Dominion confirms $8 bln Atlantic Coast natgas pipe cost, early 2022 in service Keystone XL pipeline likely to face delays after U.S. court denies stay EQM sees U.S. Mountain Valley natgas pipe on in 2020, analysts not so sure (Reporting by Scott DiSavino; Editing by Dan Grebler) ((scott.disavino@thomsonreuters.com; +1 646 223-6072; 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.
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Rather than limit its ruling to the Keystone XL crude pipeline case before the court, the Montana judge questioned the Army Corps' method of authorizing stream crossing under the entire National Permit 12 program. Mountain Valley is not likely to start service until at least the second quarter of 2021, analysts at Height Capital Markets in Washington said on Friday. Dominion said it was disappointed in the Ninth Circuit decision but still planned to complete the $8 billion Atlantic Coast from West Virginia to North Carolina in early 2022, so long as it can cut trees from November to March.
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699112.0
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2020-05-27 00:00:00 UTC
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Noteworthy ETF Outflows: XLU, D, SO, AEP
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xlu-d-so-aep-2020-05-27
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $93.9 million dollar outflow -- that's a 0.8% decrease week over week (from 202,520,000 to 200,870,000). Among the largest underlying components of XLU, in trading today Dominion Energy Inc (Symbol: D) is up about 1.5%, Southern Company (Symbol: SO) is up about 0.5%, and American Electric Power Co Inc (Symbol: AEP) is up by about 0.9%. 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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $57.40. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $93.9 million dollar outflow -- that's a 0.8% decrease week over week (from 202,520,000 to 200,870,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $57.40. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $93.9 million dollar outflow -- that's a 0.8% decrease week over week (from 202,520,000 to 200,870,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $57.40. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $57.40. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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699113.0
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2020-05-21 00:00:00 UTC
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5 Utilities Stocks That Will Help Pay the Bills
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https://www.nasdaq.com/articles/5-utilities-stocks-that-will-help-pay-the-bills-2020-05-21
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Are you looking for a wild ride or are you looking for consistent income? For a de-risked portfolio and solid dividends, utilities stocks are a time-tested favorite investment option.
Along with the dividends, utilities stocks are considered relatively safe because they provide power to homes and businesses. This is considered a necessity that never goes out of style.
7 Sluggish Stocks Hit Hard by Coronavirus This Earnings Season
It’s a sound policy to stick to the best companies in any sector. When it comes to utilities companies, five names are well-regarded and have a long history:
Duke Energy (NYSE:DUK)
Southern (NYSE:SO)
Dominion Energy (NYSE:D)
Consolidated Edison (NYSE:ED)
Excelon (NASDAQ:EXC)
Feel free to explore these utilities stocks and see if they deserve a place among your low-volatility holdings.
Utilities Stocks to Buy: Duke Energy (DUK)
DUK)" width="300" height="169">
Source: jadimages / Shutterstock.com
Like just about every company in the United States, Duke Energy is dealing with the Covid-19 crisis. This particular company seems to be taking the situation in stride, however.
Consider Duke’s first-quarter net income, which came out to $899 million. That’s just about exactly in line with the same quarter of the previous year, when Duke’s net income was $900 million. Meanwhile, this year’s first-quarter revenue totaled $5.95 billion, which is not too far below the $6.16 billion reported in the first quarter of the prior year.
So, while there is some pressure being felt during the pandemic, it’s not too severe. For the time being, DUK stockholders can ride out the crisis with a decent 4.54% forward annual dividend yield.
Southern (SO)
SO)" width="300" height="169">
Source: Shutterstock
“Critical infrastructure businesses like ours never take a day off,” observed Thomas A. Fanning, the president and CEO of utilities giant Southern. Fanning’s 100% right about that as Southern is an essential utilities provider for around 8 million customers.
Southern remains in good fiscal health, as well. For 2020’s first quarter, the company posted adjusted earnings per share of 78 cents. That’s an eight-cent year-over-year increase as well as 6 cents greater than the company’s estimate.
10 Best High-Growth Stocks to Buy for Young Investors
SO stock is a safe bet since it has such a massive presence and is crucial to people’s standard of living. It’s also a dividend achiever with a forward annual yield of 4.78%. All in all, this pick deserves to be on anyone’s top utilities stocks list.
Dominion Energy (D)
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Source: Riccardo Annandale Via Unsplash
If you said that D stock is recession-proof, you’d by exaggerating but only slightly. The shares have held up fairly well during the novel coronavirus crisis. Besides, the 4.77% forward annual dividend yield is a strong incentive to hold the stock.
Fiscally, Dominion Energy has held up reasonably well despite the pandemic. For the first quarter of this year, Dominion reported total revenues of $4.5 billion. That’s actually a marked improvement over the revenues of $3.9 billion Dominion generated in the year-ago quarter.
With over 7 million customers across 20 U.S. states relying on Dominion for their energy needs, this company’s a mainstay in the utilities sector and D stock is a highly reliable income generator.
Consolidated Edison (ED)
ED)" width="300" height="169">
Source: Shutterstock
Like to invest in companies that have been around for a while? If so, take a look at Consolidated Edison, which was founded way back in 1884. If you happen to reside in New York or New Jersey, there’s a fair chance that your electricity service is provided by this esteemed company.
Has “Con Ed” been able to weather the Covid storm? The answer would be yes as the company’s adjusted earnings for the first quarter totaled $451 million. That’s $1.35 per share and it beats the $448 million, or $1.39 per share, generated during the same quarter of last year.
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Plus, ED stock features a trailing 12-month price-to-earnings ratio of 18.15 and a forward annual dividend yield of 4.32%. Those are nice stats and this stock should perform well even in these challenging times.
Excelon (EXC)
EXC)" width="300" height="169">
Source: Shutterstock
This one’s a little bit different from the other utilities-sector stocks on this list. Excelon is a relative newcomer, having been incorporated in 1999. Plus, EXC stock is the only name on this list that’s traded on the Nasdaq.
So, it could be argued that Excelon is a more “modern” utilities company. Its true strength, however, is that it’s diversified with fossil, nuclear, hydroelectric, wind and solar segments.
With 87 cents per share in operating earnings for 2020’s first quarter, Excelon remains on par with its results from the same quarter of last year. Additionally, a trailing 12-month price-to-earnings ratio of 13.79 and a forward annual dividend yield of 4.17% indicate a compelling value with EXC stock.
David Moadel has provided compelling content – and crossed the occasional line – on behalf of Crush the Street, Market Realist, TalkMarkets, Finom Group, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. As of this writing, David Moadel did not hold a position in any of the aforementioned securities.
The post 5 Utilities Stocks That Will Help Pay the Bills appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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7 Sluggish Stocks Hit Hard by Coronavirus This Earnings Season It’s a sound policy to stick to the best companies in any sector. With over 7 million customers across 20 U.S. states relying on Dominion for their energy needs, this company’s a mainstay in the utilities sector and D stock is a highly reliable income generator. Please edit.
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When it comes to utilities companies, five names are well-regarded and have a long history: Duke Energy (NYSE:DUK) Southern (NYSE:SO) Dominion Energy (NYSE:D) Consolidated Edison (NYSE:ED) Excelon (NASDAQ:EXC) Feel free to explore these utilities stocks and see if they deserve a place among your low-volatility holdings. Utilities Stocks to Buy: Duke Energy (DUK) DUK)" width="300" height="169"> Source: jadimages / Shutterstock.com Like just about every company in the United States, Duke Energy is dealing with the Covid-19 crisis. Consolidated Edison (ED) ED)" width="300" height="169"> Source: Shutterstock Like to invest in companies that have been around for a while?
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When it comes to utilities companies, five names are well-regarded and have a long history: Duke Energy (NYSE:DUK) Southern (NYSE:SO) Dominion Energy (NYSE:D) Consolidated Edison (NYSE:ED) Excelon (NASDAQ:EXC) Feel free to explore these utilities stocks and see if they deserve a place among your low-volatility holdings. Utilities Stocks to Buy: Duke Energy (DUK) DUK)" width="300" height="169"> Source: jadimages / Shutterstock.com Like just about every company in the United States, Duke Energy is dealing with the Covid-19 crisis. With over 7 million customers across 20 U.S. states relying on Dominion for their energy needs, this company’s a mainstay in the utilities sector and D stock is a highly reliable income generator.
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Along with the dividends, utilities stocks are considered relatively safe because they provide power to homes and businesses. For the time being, DUK stockholders can ride out the crisis with a decent 4.54% forward annual dividend yield. Consolidated Edison (ED) ED)" width="300" height="169"> Source: Shutterstock Like to invest in companies that have been around for a while?
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699114.0
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2020-05-17 00:00:00 UTC
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April U.S. Industrial Production Drops the Most in 101 Years!
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https://www.nasdaq.com/articles/april-u.s.-industrial-production-drops-the-most-in-101-years-2020-05-17
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The numbers for April U.S. industrial production were shocking, even though it's been well-documented that the COVID-19 pandemic has shut down much of the economy. The Federal Reserve Board, which publishes the Industrial Production Index (IPI), reported an 11.2% decline in industrial production in April.
The significance of that number becomes clear only when you read the Federal Reserve's statement: "Total industrial production fell 11.2 percent in April for its largest monthly drop in the 101-year history of the index." That's jaw-dropping.
This industry felt the maximum impact of COVID-19
The IPI uses 2012 as the base year to measure the real output from manufacturing, mining, and utilities sectors for a given period. The Federal Reserve publishes such industrial production data every month. It calculates individual indexes for various industries and aggregates them using a preset formula to derive monthly data. Key numbers for April include:
Manufacturing output: Declined a record 13.7%.
Mining output: Declined 6.1%.
Utilities output: Declined 0.9%.
Within manufacturing, motor vehicles and parts posted the sharpest decline in output -- production of light vehicles slumped a whopping 70% to an annual rate of only 70,000 units compared to assembly rate of 11 million units in February 2020.
That's not surprising given how every major automaker has had to shut down plants for weeks in line with coronavirus lockdown protocols. Ford (NYSE: F), for example, only recently started to reopen some of its factories in North America, after suspending production in March. Rivals like General Motors (NYSE: GM) and Fiat Chrysler Automobiles have a similar story to tell.
Image source: Getty Images.
In between, the likes of Ford and General Motors joined hands with several companies to assist the government and the healthcare sector, in particular, battle the COVID-19 pandemic. Ford, for example, committed to convert an idled factory to manufacture 50,000 ventilators in collaboration with General Electric (NYSE: GE). General Motors formed a joint venture with Ventec Life Systems and delivered its first ventilators to hospitals in Chicago in mid-April.
Interestingly, the Federal reserve adjusted the April IPI to accommodate these unusual production changes: it counted any ventilators produced at idled motor vehicle parts factories under the index for electromedical and electrotherapeutic apparatus.
How oil and gas and other markets fared
Digging deeper into the IPI reveals how every major market group and industry suffered a blow in April. Some individual index declines worth noting are:
Consumer goods: Declined 11.7%.
Consumer durables: Declined 36%, led by automotive products.
Business equipment: Declined 17.3%, led by a 60.3% drop in transit equipment output.
Construction supplies: Declined 12.6%.
Business supplies: Declined 9.9%.
Materials (input used for manufacture of goods): Declined 9.9%.
The mining sector painted an interesting picture of its own, with crude oil extraction and oil and gas well drilling posting the biggest declines in production. Blame demand and prices of oil, both of which fell off the cliff in April. The International Energy Agency forecast oil demand to plummet a record 29 million barrel per day in the month of April!
Energy companies have been left with no option but to stop production, slash capital spending, and even announce steep dividend cuts to preserve cash.
Utilities hold firm to their defensive sector tag
Undeniably, utilities stood out in April, with output declining a meager 0.9%. Higher electricity sales to homes offset much of the decline in consumption from shut offices and factories even as cold weather kept demand for natural gas up and running.
In fact, major utilities are barely feeling the pinch of COVID-19. Dominion Energy (NYSE: D), for instance, not only reported first-quarter operating earnings growth of 6.6% but expects to earn $0.75-$0.85 in operating earnings per share in the second quarter versus $0.77 in Q2 2019. Dominion even reaffirmed its full-year guidance at a time when nearly every manufacturing company has withdrawn its own!
What lies ahead
Auto makers are restarting factories, construction has resumed in parts of the country, and even truck freight demand is showing signs of life. Yet, it'll be an uphill task as every industry will have to adapt to a new normal as they work through sporadic shifts production schedules as long as coronavirus stays.
The energy sector will have to fight a tougher battle given the volatility in oil prices and oversupply concerns. ConocoPhillips (NYSE: COP) recently gave investors a glimpse of what to expect when it announced additional production cuts beginning May on top of drilling curtailments announced earlier. It also suspended its share repurchase program and slashed capital expenditure budget sharply for 2020. As the largest oil and gas exploration and production company in the U.S., ConocoPhillips' views and actions merit attention.
If there's one sector that could continue to outperform, its utilities. April IPI numbers, in fact, proved yet again why utility stocks are considered to be no-brainer defensive, low-risk stocks.
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Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The significance of that number becomes clear only when you read the Federal Reserve's statement: "Total industrial production fell 11.2 percent in April for its largest monthly drop in the 101-year history of the index." Interestingly, the Federal reserve adjusted the April IPI to accommodate these unusual production changes: it counted any ventilators produced at idled motor vehicle parts factories under the index for electromedical and electrotherapeutic apparatus. What lies ahead Auto makers are restarting factories, construction has resumed in parts of the country, and even truck freight demand is showing signs of life.
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The Federal Reserve Board, which publishes the Industrial Production Index (IPI), reported an 11.2% decline in industrial production in April. The significance of that number becomes clear only when you read the Federal Reserve's statement: "Total industrial production fell 11.2 percent in April for its largest monthly drop in the 101-year history of the index." The Federal Reserve publishes such industrial production data every month.
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The Federal Reserve Board, which publishes the Industrial Production Index (IPI), reported an 11.2% decline in industrial production in April. Within manufacturing, motor vehicles and parts posted the sharpest decline in output -- production of light vehicles slumped a whopping 70% to an annual rate of only 70,000 units compared to assembly rate of 11 million units in February 2020. The mining sector painted an interesting picture of its own, with crude oil extraction and oil and gas well drilling posting the biggest declines in production.
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The Federal Reserve Board, which publishes the Industrial Production Index (IPI), reported an 11.2% decline in industrial production in April. Utilities output: Declined 0.9%. Ford, for example, committed to convert an idled factory to manufacture 50,000 ventilators in collaboration with General Electric (NYSE: GE).
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699115.0
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2020-05-15 00:00:00 UTC
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XLU, D, SO, AEP: ETF Inflow Alert
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https://www.nasdaq.com/articles/xlu-d-so-aep%3A-etf-inflow-alert-2020-05-15
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $247.3 million dollar inflow -- that's a 2.1% increase week over week in outstanding units (from 208,120,000 to 212,570,000). Among the largest underlying components of XLU, in trading today Dominion Energy Inc (Symbol: D) is off about 1%, Southern Company (Symbol: SO) is down about 2.4%, and American Electric Power Co Inc (Symbol: AEP) is lower by about 0.4%. 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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $54.87. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $247.3 million dollar inflow -- that's a 2.1% increase week over week in outstanding units (from 208,120,000 to 212,570,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today Dominion Energy Inc (Symbol: D) is off about 1%, Southern Company (Symbol: SO) is down about 2.4%, and American Electric Power Co Inc (Symbol: AEP) is lower by about 0.4%. 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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $54.87. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $247.3 million dollar inflow -- that's a 2.1% increase week over week in outstanding units (from 208,120,000 to 212,570,000). 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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $54.87. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $247.3 million dollar inflow -- that's a 2.1% increase week over week in outstanding units (from 208,120,000 to 212,570,000). 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 $43.435 per share, with $71.10 as the 52 week high point — that compares with a last trade of $54.87. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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699116.0
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2020-05-14 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Akers Biosciences, Comstock, Virtusa
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D
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-akers-biosciences-comstock-virtusa-2020-05-14
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak. .N
At 12:36 ET, the Dow Jones Industrial Average .DJI was up 0.15% at 23,282.25. The S&P 500 .SPX was down 0.39% at 2,809 and the Nasdaq Composite .IXIC was down 0.61% at 8,809.455. The top three S&P 500 .PG.INX percentage gainers: ** Cintas Corp , up 11.3% ** Wells Fargo & Co , up 6.6% ** Leggett & Platt Inc , up 5.7% The top three S&P 500 .PL.INX percentage losers: ** Coty Inc , down 5.5% ** United Airlines Holdings Inc , down 4.9% ** TechnipFMC Plc , down 4.4% The top three NYSE .PG.N percentage gainers: ** AIM ImmunoTech Inc , up 28.4% ** American Century Focused Dynamic Growth ETF , up 20.3% ** Armstrong Flooring Inc , up 18.1% The top three NYSE .PL.N percentage losers: ** Comstock Resources Inc , down 29.4% ** Direxion Daily S&P 500 ETF , down 17.6% ** Moog Inc , down 13.5% The top three Nasdaq .PG.O percentage gainers: ** Applied DNA Sciences Inc , up 51.2% ** Glory Star New Media Group Holdings Ltd , up 47.2% ** Akers Biosciences Inc , up 46.4% The top three Nasdaq .PL.O percentage losers: ** CytomX Therapeutics Inc , down 32.9% ** CSP Inc , down 27.5% ** Virtusa Corp , down 26.9% ** Wells Fargo & Co WFC.N: up 6.6%
BUZZ-Up following M&A speculation ** Bluebird bio Inc BLUE.O: down 3.5% ** Johnson & Johnson JNJ.N: down 0.2%
BUZZ-Street View: Competition heats up between Bluebird and J&J cancer therapies ** Meredith Corp MDP.N: down 12.1%
BUZZ-Falls as pandemic hits advertising revenue ** Hertz Global Holding Inc HTZ.N: down 3.3%
BUZZ-Hits record low as coronavirus bites ** Virtusa Corp VRTU.O: down 26.9%
BUZZ-Set for worst day in 12 yrs on dismal Q4 profit ** Teladoc Health Inc TDOC.N: down 2.5%
BUZZ-Slips on planned $800 mln convertible debt offering ** Allogene Therapeutics Inc ALLO.O: up 31.5%
BUZZ-Street View: Early data from Allogene cancer therapy trial looks promising ** Altimmune Inc ALT.O: up 18.7%
BUZZ-Rises on preclinical trial of COVID-19 vaccine candidate ** Tapestry Inc TPR.N: up 0.3%
BUZZ-Rises on plans to reopen more stores ** 3M Co MMM.N: down 2.6%
BUZZ-Slumps after flagging weak demand in end markets ** Wix.Com Ltd WIX.O: up 9.3%
BUZZ-Website builder touches record high on strong user growth amid COVID-19 lockdowns ** Advaxis Inc ADXS.O: up 1.5%
BUZZ-Up on positive trial data from combination therapy for lung cancer ** Akers Biosciences Inc AKER.O: up 46.4%
BUZZ-Surges after partner completes COVID-19 vaccine prototype ** SmileDirectClub Inc SDC.O: down 7.4% BUZZ-BofA turns bearish on difficult recovery after pandemic ** Sprouts Farmers Market Inc SFM.O: down 2.0% BUZZ-Oppenheimer downgrades; says risk-reward less compelling now ** Dominion Energy Inc D.N: up 0.3% BUZZ-Credit Suisse hikes PT, says plenty of wind in sails ** McCormick & Company Inc MKC.N: up 4.1% BUZZ-CS sees strong sales on rise in home cooking, upgrades
** Revolve Group Inc RVLV.N: up 3.5% BUZZ-Up after posting higher sales; Jefferies says long-term picture favorable ** Cisco Systems Inc CSCO.O: up 4.5% BUZZ-Street View: Red carpet treatment lies ahead for Cisco ** Comstock Resources Inc CRK.N: down 29.3% BUZZ-Slides as shale producer prices share offering at deep discount ** Sunoco LP SUN.N: up 2.3% BUZZ-RBC expects co to weather virus-led fuel demand destruction ** Immunic Inc IMUX.O: up 13.9% BUZZ-Surges on German approval for mid-stage trial of COVID-19 treatment ** Inovio Pharmaceuticals Inc INO.O: up 0.5% BUZZ-Rises on promising data from brain cancer study ** Best Buy Co Inc BBY.N: up 1.8% BUZZ-Well-positioned to gain from work-from-home trend - Evercore ** Ping Identity Holdings Corp PING.N: down 4.3% BUZZ-Falls as top investor Vista Equity begins to cut stake ** Futu Holdings Ltd FUTU.O: up 7.6% BUZZ-Jumps as Q1 profit, revenue beat on COVID-19 led market volatility ** Endeavour Silver Corp EXK.N: up 4.7% BUZZ-Falls on up to $23 mln share offering agreement ** Verona Pharma VRNA.O: up 7.3% BUZZ- Rises on FDA go-ahead for late-stage lung disease drug study
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.26%
Consumer Discretionary
.SPLRCD
down 0.14%
Consumer Staples
.SPLRCS
down 0.65%
Energy
.SPNY
up 0.21%
Financial
.SPSY
up 1.08%
Health
.SPXHC
up 0.35%
Industrial
.SPLRCI
down 0.96%
Information Technology
.SPLRCT
down 0.71%
Materials
.SPLRCM
down 0.08%
Real Estate
.SPLRCR
down 0.95%
Utilities
.SPLRCU
up 0.06%
(Compiled by Amal S in Bengaluru)
((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak. The top three S&P 500 .PG.INX percentage gainers: ** Cintas Corp , up 11.3% ** Wells Fargo & Co , up 6.6% ** Leggett & Platt Inc , up 5.7% The top three S&P 500 .PL.INX percentage losers: ** Coty Inc , down 5.5% ** United Airlines Holdings Inc , down 4.9% ** TechnipFMC Plc , down 4.4% The top three NYSE .PG.N percentage gainers: ** AIM ImmunoTech Inc , up 28.4% ** American Century Focused Dynamic Growth ETF , up 20.3% ** Armstrong Flooring Inc , up 18.1% The top three NYSE .PL.N percentage losers: ** Comstock Resources Inc , down 29.4% ** Direxion Daily S&P 500 ETF , down 17.6% ** Moog Inc , down 13.5% The top three Nasdaq .PG.O percentage gainers: ** Applied DNA Sciences Inc , up 51.2% ** Glory Star New Media Group Holdings Ltd , up 47.2% ** Akers Biosciences Inc , up 46.4% The top three Nasdaq .PL.O percentage losers: ** CytomX Therapeutics Inc , down 32.9% ** CSP Inc , down 27.5% ** Virtusa Corp , down 26.9% ** Wells Fargo & Co WFC.N: up 6.6% BUZZ-Up following M&A speculation ** Bluebird bio Inc BLUE.O: down 3.5% ** Johnson & Johnson JNJ.N: down 0.2% BUZZ-Street View: Competition heats up between Bluebird and J&J cancer therapies ** Meredith Corp MDP.N: down 12.1% BUZZ-Falls as pandemic hits advertising revenue ** Hertz Global Holding Inc HTZ.N: down 3.3% BUZZ-Hits record low as coronavirus bites ** Virtusa Corp VRTU.O: down 26.9% BUZZ-Set for worst day in 12 yrs on dismal Q4 profit ** Teladoc Health Inc TDOC.N: down 2.5% BUZZ-Slips on planned $800 mln convertible debt offering ** Allogene Therapeutics Inc ALLO.O: up 31.5% BUZZ-Street View: Early data from Allogene cancer therapy trial looks promising ** Altimmune Inc ALT.O: up 18.7% BUZZ-Rises on preclinical trial of COVID-19 vaccine candidate ** Tapestry Inc TPR.N: up 0.3% BUZZ-Rises on plans to reopen more stores ** 3M Co MMM.N: down 2.6% BUZZ-Slumps after flagging weak demand in end markets ** Wix.Com Ltd WIX.O: up 9.3% BUZZ-Website builder touches record high on strong user growth amid COVID-19 lockdowns ** Advaxis Inc ADXS.O: up 1.5% BUZZ-Up on positive trial data from combination therapy for lung cancer ** Akers Biosciences Inc AKER.O: up 46.4% BUZZ-Surges after partner completes COVID-19 vaccine prototype ** SmileDirectClub Inc SDC.O: down 7.4% BUZZ-BofA turns bearish on difficult recovery after pandemic ** Sprouts Farmers Market Inc SFM.O: down 2.0% BUZZ-Oppenheimer downgrades; says risk-reward less compelling now ** Dominion Energy Inc D.N: up 0.3% BUZZ-Credit Suisse hikes PT, says plenty of wind in sails ** McCormick & Company Inc MKC.N: up 4.1% BUZZ-CS sees strong sales on rise in home cooking, upgrades ** Revolve Group Inc RVLV.N: up 3.5% BUZZ-Up after posting higher sales; Jefferies says long-term picture favorable ** Cisco Systems Inc CSCO.O: up 4.5% BUZZ-Street View: Red carpet treatment lies ahead for Cisco ** Comstock Resources Inc CRK.N: down 29.3% BUZZ-Slides as shale producer prices share offering at deep discount ** Sunoco LP SUN.N: up 2.3% BUZZ-RBC expects co to weather virus-led fuel demand destruction ** Immunic Inc IMUX.O: up 13.9% BUZZ-Surges on German approval for mid-stage trial of COVID-19 treatment ** Inovio Pharmaceuticals Inc INO.O: up 0.5% BUZZ-Rises on promising data from brain cancer study ** Best Buy Co Inc BBY.N: up 1.8% BUZZ-Well-positioned to gain from work-from-home trend - Evercore ** Ping Identity Holdings Corp PING.N: down 4.3% BUZZ-Falls as top investor Vista Equity begins to cut stake ** Futu Holdings Ltd FUTU.O: up 7.6% BUZZ-Jumps as Q1 profit, revenue beat on COVID-19 led market volatility ** Endeavour Silver Corp EXK.N: up 4.7% BUZZ-Falls on up to $23 mln share offering agreement ** Verona Pharma VRNA.O: up 7.3% BUZZ- Rises on FDA go-ahead for late-stage lung disease drug study The 11 major S&P 500 sectors: Communication Services up 0.06% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak. The top three S&P 500 .PG.INX percentage gainers: ** Cintas Corp , up 11.3% ** Wells Fargo & Co , up 6.6% ** Leggett & Platt Inc , up 5.7% The top three S&P 500 .PL.INX percentage losers: ** Coty Inc , down 5.5% ** United Airlines Holdings Inc , down 4.9% ** TechnipFMC Plc , down 4.4% The top three NYSE .PG.N percentage gainers: ** AIM ImmunoTech Inc , up 28.4% ** American Century Focused Dynamic Growth ETF , up 20.3% ** Armstrong Flooring Inc , up 18.1% The top three NYSE .PL.N percentage losers: ** Comstock Resources Inc , down 29.4% ** Direxion Daily S&P 500 ETF , down 17.6% ** Moog Inc , down 13.5% The top three Nasdaq .PG.O percentage gainers: ** Applied DNA Sciences Inc , up 51.2% ** Glory Star New Media Group Holdings Ltd , up 47.2% ** Akers Biosciences Inc , up 46.4% The top three Nasdaq .PL.O percentage losers: ** CytomX Therapeutics Inc , down 32.9% ** CSP Inc , down 27.5% ** Virtusa Corp , down 26.9% ** Wells Fargo & Co WFC.N: up 6.6% BUZZ-Up following M&A speculation ** Bluebird bio Inc BLUE.O: down 3.5% ** Johnson & Johnson JNJ.N: down 0.2% BUZZ-Street View: Competition heats up between Bluebird and J&J cancer therapies ** Meredith Corp MDP.N: down 12.1% BUZZ-Falls as pandemic hits advertising revenue ** Hertz Global Holding Inc HTZ.N: down 3.3% BUZZ-Hits record low as coronavirus bites ** Virtusa Corp VRTU.O: down 26.9% BUZZ-Set for worst day in 12 yrs on dismal Q4 profit ** Teladoc Health Inc TDOC.N: down 2.5% BUZZ-Slips on planned $800 mln convertible debt offering ** Allogene Therapeutics Inc ALLO.O: up 31.5% BUZZ-Street View: Early data from Allogene cancer therapy trial looks promising ** Altimmune Inc ALT.O: up 18.7% BUZZ-Rises on preclinical trial of COVID-19 vaccine candidate ** Tapestry Inc TPR.N: up 0.3% BUZZ-Rises on plans to reopen more stores ** 3M Co MMM.N: down 2.6% BUZZ-Slumps after flagging weak demand in end markets ** Wix.Com Ltd WIX.O: up 9.3% BUZZ-Website builder touches record high on strong user growth amid COVID-19 lockdowns ** Advaxis Inc ADXS.O: up 1.5% BUZZ-Up on positive trial data from combination therapy for lung cancer ** Akers Biosciences Inc AKER.O: up 46.4% BUZZ-Surges after partner completes COVID-19 vaccine prototype ** SmileDirectClub Inc SDC.O: down 7.4% BUZZ-BofA turns bearish on difficult recovery after pandemic ** Sprouts Farmers Market Inc SFM.O: down 2.0% BUZZ-Oppenheimer downgrades; says risk-reward less compelling now ** Dominion Energy Inc D.N: up 0.3% BUZZ-Credit Suisse hikes PT, says plenty of wind in sails ** McCormick & Company Inc MKC.N: up 4.1% BUZZ-CS sees strong sales on rise in home cooking, upgrades ** Revolve Group Inc RVLV.N: up 3.5% BUZZ-Up after posting higher sales; Jefferies says long-term picture favorable ** Cisco Systems Inc CSCO.O: up 4.5% BUZZ-Street View: Red carpet treatment lies ahead for Cisco ** Comstock Resources Inc CRK.N: down 29.3% BUZZ-Slides as shale producer prices share offering at deep discount ** Sunoco LP SUN.N: up 2.3% BUZZ-RBC expects co to weather virus-led fuel demand destruction ** Immunic Inc IMUX.O: up 13.9% BUZZ-Surges on German approval for mid-stage trial of COVID-19 treatment ** Inovio Pharmaceuticals Inc INO.O: up 0.5% BUZZ-Rises on promising data from brain cancer study ** Best Buy Co Inc BBY.N: up 1.8% BUZZ-Well-positioned to gain from work-from-home trend - Evercore ** Ping Identity Holdings Corp PING.N: down 4.3% BUZZ-Falls as top investor Vista Equity begins to cut stake ** Futu Holdings Ltd FUTU.O: up 7.6% BUZZ-Jumps as Q1 profit, revenue beat on COVID-19 led market volatility ** Endeavour Silver Corp EXK.N: up 4.7% BUZZ-Falls on up to $23 mln share offering agreement ** Verona Pharma VRNA.O: up 7.3% BUZZ- Rises on FDA go-ahead for late-stage lung disease drug study The 11 major S&P 500 sectors: Communication Services up 0.06% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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.N At 12:36 ET, the Dow Jones Industrial Average .DJI was up 0.15% at 23,282.25. The top three S&P 500 .PG.INX percentage gainers: ** Cintas Corp , up 11.3% ** Wells Fargo & Co , up 6.6% ** Leggett & Platt Inc , up 5.7% The top three S&P 500 .PL.INX percentage losers: ** Coty Inc , down 5.5% ** United Airlines Holdings Inc , down 4.9% ** TechnipFMC Plc , down 4.4% The top three NYSE .PG.N percentage gainers: ** AIM ImmunoTech Inc , up 28.4% ** American Century Focused Dynamic Growth ETF , up 20.3% ** Armstrong Flooring Inc , up 18.1% The top three NYSE .PL.N percentage losers: ** Comstock Resources Inc , down 29.4% ** Direxion Daily S&P 500 ETF , down 17.6% ** Moog Inc , down 13.5% The top three Nasdaq .PG.O percentage gainers: ** Applied DNA Sciences Inc , up 51.2% ** Glory Star New Media Group Holdings Ltd , up 47.2% ** Akers Biosciences Inc , up 46.4% The top three Nasdaq .PL.O percentage losers: ** CytomX Therapeutics Inc , down 32.9% ** CSP Inc , down 27.5% ** Virtusa Corp , down 26.9% ** Wells Fargo & Co WFC.N: up 6.6% BUZZ-Up following M&A speculation ** Bluebird bio Inc BLUE.O: down 3.5% ** Johnson & Johnson JNJ.N: down 0.2% BUZZ-Street View: Competition heats up between Bluebird and J&J cancer therapies ** Meredith Corp MDP.N: down 12.1% BUZZ-Falls as pandemic hits advertising revenue ** Hertz Global Holding Inc HTZ.N: down 3.3% BUZZ-Hits record low as coronavirus bites ** Virtusa Corp VRTU.O: down 26.9% BUZZ-Set for worst day in 12 yrs on dismal Q4 profit ** Teladoc Health Inc TDOC.N: down 2.5% BUZZ-Slips on planned $800 mln convertible debt offering ** Allogene Therapeutics Inc ALLO.O: up 31.5% BUZZ-Street View: Early data from Allogene cancer therapy trial looks promising ** Altimmune Inc ALT.O: up 18.7% BUZZ-Rises on preclinical trial of COVID-19 vaccine candidate ** Tapestry Inc TPR.N: up 0.3% BUZZ-Rises on plans to reopen more stores ** 3M Co MMM.N: down 2.6% BUZZ-Slumps after flagging weak demand in end markets ** Wix.Com Ltd WIX.O: up 9.3% BUZZ-Website builder touches record high on strong user growth amid COVID-19 lockdowns ** Advaxis Inc ADXS.O: up 1.5% BUZZ-Up on positive trial data from combination therapy for lung cancer ** Akers Biosciences Inc AKER.O: up 46.4% BUZZ-Surges after partner completes COVID-19 vaccine prototype ** SmileDirectClub Inc SDC.O: down 7.4% BUZZ-BofA turns bearish on difficult recovery after pandemic ** Sprouts Farmers Market Inc SFM.O: down 2.0% BUZZ-Oppenheimer downgrades; says risk-reward less compelling now ** Dominion Energy Inc D.N: up 0.3% BUZZ-Credit Suisse hikes PT, says plenty of wind in sails ** McCormick & Company Inc MKC.N: up 4.1% BUZZ-CS sees strong sales on rise in home cooking, upgrades ** Revolve Group Inc RVLV.N: up 3.5% BUZZ-Up after posting higher sales; Jefferies says long-term picture favorable ** Cisco Systems Inc CSCO.O: up 4.5% BUZZ-Street View: Red carpet treatment lies ahead for Cisco ** Comstock Resources Inc CRK.N: down 29.3% BUZZ-Slides as shale producer prices share offering at deep discount ** Sunoco LP SUN.N: up 2.3% BUZZ-RBC expects co to weather virus-led fuel demand destruction ** Immunic Inc IMUX.O: up 13.9% BUZZ-Surges on German approval for mid-stage trial of COVID-19 treatment ** Inovio Pharmaceuticals Inc INO.O: up 0.5% BUZZ-Rises on promising data from brain cancer study ** Best Buy Co Inc BBY.N: up 1.8% BUZZ-Well-positioned to gain from work-from-home trend - Evercore ** Ping Identity Holdings Corp PING.N: down 4.3% BUZZ-Falls as top investor Vista Equity begins to cut stake ** Futu Holdings Ltd FUTU.O: up 7.6% BUZZ-Jumps as Q1 profit, revenue beat on COVID-19 led market volatility ** Endeavour Silver Corp EXK.N: up 4.7% BUZZ-Falls on up to $23 mln share offering agreement ** Verona Pharma VRNA.O: up 7.3% BUZZ- Rises on FDA go-ahead for late-stage lung disease drug study The 11 major S&P 500 sectors: Communication Services down 0.26% Consumer Discretionary
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak. .N At 12:36 ET, the Dow Jones Industrial Average .DJI was up 0.15% at 23,282.25. The S&P 500 .SPX was down 0.39% at 2,809 and the Nasdaq Composite .IXIC was down 0.61% at 8,809.455.
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699117.0
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2020-05-07 00:00:00 UTC
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3 Stocks to Buy That Will Endure In a Bear Market
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https://www.nasdaq.com/articles/3-stocks-to-buy-that-will-endure-in-a-bear-market-2020-05-07
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
After delivering one of the best months in history, the stock market has started May on a sour note. If you believe the dip is only temporary, then there are plenty of quality stocks to buy at bargain prices. However, if this is the beginning of a longer-term bear market, it could pay to be a bit cautious.
The first step in investing in a bear market such as this one is to keep some powder dry. As Professor and Chair of the John E. Walker Department of Economics at Clemson University Scott L. Baier pointed out, the economic recovery is dependent on several unknowns.
“The keys to the market in Q2 will depend on the progress that is made in our ability to respond to the health threats posed by COVID-19. If [we] are successful at flattening the curve and if state and federal governments have succeeded in making progress the market should begin to bounce back. Similarly, if the fiscal and monetary policies are able to provide support for business to remain open and retain their employees, the market is likely to bounce back in Q2.”
Indeed, Q2 is make-or-break for the stock market. It will set the stage for a longer-term recovery through the end of the year. But if reopening the U.S. economy leads to a resurgence in the novel coronavirus, it would signal more pain ahead.
7 A-Rated REITs to Buy Now
With that in mind, the best stocks to buy now are those that will benefit from an economic recovery, but can also perform in a bear market. Three stocks in particular fit this bill in my mind:
CVS Health (NYSE:CVS)
Dominion Energy (NYSE:D)
3M (NYSE:MMM)
Let’s take a deeper look at what makes each stand out stocks to buy among their broader market peers.
Stocks to Buy: CVS Health (CVS)
CVS)" width="300" height="169">
Source: Jonathan Weiss / Shutterstock.com
Healthcare is a great place to start looking for stocks to buy in a bear market because demand for these services doesn’t depend on the economy. I like CVS stock in particular because I think it has a lot of long-term potential.
CVS is best known for its retail pharmacy chains, but the firm has been shifting its business model to become a one-stop-shop for all things healthcare-related. The benefits of its merger with Aetna are only just starting to come to fruition, and with coronavirus still fresh in Americans’ minds, getting insured will be much more of a priority.
Plus, CVS’ HealthHub clinics make for an interesting growth driver in the years to come. The clinics offer an alternative to visiting a GP, and it’s likely that Aetna will steer their customers to use that service. That should increase foot traffic and in-turn sales at CVS retail locations.
All in all, CVS stock looks like one of the best picks in the healthcare space as the benefits of its Aetna acquisition start to materialize.
Dominion Energy (D)
D)" width="300" height="169">
Source: Shutterstock
Another good place to look for winning stocks to buy during a bear market is utilities. Of course, no business is immune to an economic downturn, but Dominion Energy, with its impressive dividend yield and relatively insulated business makes for a good choice.
In fact, D stock offers investors a 4.87% dividend yield, which looks relatively safe considering the firm has been raising its dividend every year for the past 17. This year, amid the coronavirus fallout, investors might not want to count on much of an increase — or any increase at all — but the current payout looks likely to continue.
That’s because a huge chunk of Dominion’s income comes from state-regulated utilities. That translates to predictable, stable cashflows that management can rely on.
7 Battery Stocks for High-Powered Gains
Dominion is also committed to growing its clean energy portfolio, with plans to reduce its carbon and methane emissions to zero by 2050. The firm has big bets in both solar and wind power, the latter of which is due to start bearing fruit in 2024.
3M (MMM)
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Source: r.classen / Shutterstock.com
It can be argued that 3M is overhyped because of its exposure during the coronavirus outbreak. The firm’s masks and other medical supplies have become a hot commodity, which helped boost the firm’s sales in the first quarter.
But even after the Covid-19 crisis has passed, MMM stock is a solid holding. That’s because while 3M’s products are especially useful in this scenario, even during a non-healthcare crisis, 3M’s products will always be in demand. The company makes upwards of 60,000 different products spanning a wide variety of industries.
What’s more, MMM stock’s 3.87% dividend yield offers a cushion for investors during the bear market. Like Dominion, 3M’s management has been committed to raising dividend payments. 3M, though, is in the upper echelon of dividend aristocrats. It’s one of only nine companies that has been increasing its dividend for at least 50 years. That makes it one of the best dividend stocks to buy in an uncertain environment.
Laura Hoy has a Finance degree from Duquesne University and has been writing about financial markets for the past 8 years. Her work can be seen in a variety of publications including InvestorPlace, Benzinga, Yahoo Finance and CCN. As of this writing, she did not hold a position in any of the aforementioned securities.
The post 3 Stocks to Buy That Will Endure In a Bear Market appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If [we] are successful at flattening the curve and if state and federal governments have succeeded in making progress the market should begin to bounce back. Dominion Energy (D) D)" width="300" height="169"> Source: Shutterstock Another good place to look for winning stocks to buy during a bear market is utilities. 7 Battery Stocks for High-Powered Gains Dominion is also committed to growing its clean energy portfolio, with plans to reduce its carbon and methane emissions to zero by 2050.
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Three stocks in particular fit this bill in my mind: CVS Health (NYSE:CVS) Dominion Energy (NYSE:D) Stocks to Buy: CVS Health (CVS) CVS)" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Healthcare is a great place to start looking for stocks to buy in a bear market because demand for these services doesn’t depend on the economy. What’s more, MMM stock’s 3.87% dividend yield offers a cushion for investors during the bear market.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips After delivering one of the best months in history, the stock market has started May on a sour note. 7 A-Rated REITs to Buy Now With that in mind, the best stocks to buy now are those that will benefit from an economic recovery, but can also perform in a bear market. Stocks to Buy: CVS Health (CVS) CVS)" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Healthcare is a great place to start looking for stocks to buy in a bear market because demand for these services doesn’t depend on the economy.
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7 A-Rated REITs to Buy Now With that in mind, the best stocks to buy now are those that will benefit from an economic recovery, but can also perform in a bear market. Stocks to Buy: CVS Health (CVS) CVS)" width="300" height="169"> Source: Jonathan Weiss / Shutterstock.com Healthcare is a great place to start looking for stocks to buy in a bear market because demand for these services doesn’t depend on the economy. It’s one of only nine companies that has been increasing its dividend for at least 50 years.
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2020-05-07 00:00:00 UTC
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Daily Dividend Report: AXP,MFC,D,PSX,AMP
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https://www.nasdaq.com/articles/daily-dividend-report%3A-axpmfcdpsxamp-2020-05-07
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The Board of Directors of American Express has declared a regular quarterly dividend of $0.43 per common share, payable on August 10, 2020 to shareholders of record on July 2, 2020.
Manulife's Board of Directors today announced a quarterly shareholders' dividend of $0.28 per share on the common shares of Manulife Financial, payable on and after June 19, 2020 to shareholders of record at the close of business on May 19, 2020.
The board of directors of Dominion Energy has declared a quarterly dividend of 94 cents per share of common stock. Dividends are payable on June 20, 2020, to shareholders of record at the close of business June 5, 2020. This is the 369th consecutive dividend that Dominion Energy or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared Jan. 24, 2020.
The board of directors of Phillips 66 has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on June 1, 2020, to shareholders of record as of the close of business on May 18, 2020.
The Board of Directors of Ameriprise Financial increased the company's quarterly cash dividend by 7 percent, or $0.07 per diluted share, to $1.04 per diluted share payable on May 29, 2020 to shareholders of record at the close of business on May 18, 2020.
VIDEO: Daily Dividend Report: AXP,MFC,D,PSX,AMP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Board of Directors of American Express has declared a regular quarterly dividend of $0.43 per common share, payable on August 10, 2020 to shareholders of record on July 2, 2020. The board of directors of Dominion Energy has declared a quarterly dividend of 94 cents per share of common stock. This is the 369th consecutive dividend that Dominion Energy or its predecessor company has paid holders of common stock.
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Manulife's Board of Directors today announced a quarterly shareholders' dividend of $0.28 per share on the common shares of Manulife Financial, payable on and after June 19, 2020 to shareholders of record at the close of business on May 19, 2020. The board of directors of Dominion Energy has declared a quarterly dividend of 94 cents per share of common stock. The board of directors of Phillips 66 has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock.
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The Board of Directors of American Express has declared a regular quarterly dividend of $0.43 per common share, payable on August 10, 2020 to shareholders of record on July 2, 2020. Manulife's Board of Directors today announced a quarterly shareholders' dividend of $0.28 per share on the common shares of Manulife Financial, payable on and after June 19, 2020 to shareholders of record at the close of business on May 19, 2020. The Board of Directors of Ameriprise Financial increased the company's quarterly cash dividend by 7 percent, or $0.07 per diluted share, to $1.04 per diluted share payable on May 29, 2020 to shareholders of record at the close of business on May 18, 2020.
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The Board of Directors of American Express has declared a regular quarterly dividend of $0.43 per common share, payable on August 10, 2020 to shareholders of record on July 2, 2020. The board of directors of Dominion Energy has declared a quarterly dividend of 94 cents per share of common stock. The company's last quarterly dividend was declared Jan. 24, 2020.
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2020-05-06 00:00:00 UTC
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Dominion Energy, Inc. (D) Q1 2020 Earnings Call Transcript
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https://www.nasdaq.com/articles/dominion-energy-inc.-d-q1-2020-earnings-call-transcript-2020-05-06
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Image source: The Motley Fool.
Dominion Energy, Inc. (NYSE: D)
Q1 2020 Earnings Call
May 5, 2020, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the Dominion Energy First Quarter Earnings conference call. [Operator Instructions]
I would now like to turn the call over to Steven Ridge, Vice President, Investor Relations.
Steven D. Ridge -- Vice President, Investor Relations
Good morning, and thank you for joining us. 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, Q 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 theearnings conference callmaterials, including the earnings release kit. Joining today's call are Tom Farrell, Chairman, President and Chief Executive Officer; Jim Chapman, Executive Vice President, Chief Financial Officer and Treasurer; as well as other members of the executive management team.
I will now turn the call over to Tom.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thanks, Stephen, and good morning. I would like to start by expressing our gratitude for the healthcare and other frontline professionals who are engaged in a heroic effort to assist those who have been most acutely impacted by the COVID-19 pandemic. We salute their efforts with deep appreciation and express our sympathy to all those who have lost loved ones to the disease. I also want to thank our own field personnel who are performing a vital public service by literally keeping the lights on and critical energy flowing. These frontline employees are supported by thousands and thousands of others who provide equally important service to our customers. As everyone who follows Dominion knows, the safety of our employees is paramount. As the pandemic began to emerge, we acted quickly to ensure that our employees were equipped to handle the impact of the virus.
We have utilized our frequently drilled crisis response plans now continually supplemented by the most up-to-date health service and government recommendations. Our efforts include implementing appropriate social distancing policies and activating our remote connection infrastructure, which has enabled more than half of our workforce to operate remotely. We have followed best practices in the distribution and use of PPE. And we are extending health and paid time off benefits as well as establishing a financial assistance program for employees that provides grants up to $2,000 to employees in need. We've also donated $1 million to the American Red Cross and local nonprofits to assist directly with coronavirus relief. This is in addition to the millions of dollars we provide each year to customer assistance programs and charitable causes throughout our communities. This is the core value of one Dominion Energy in practice. While even a single case of COVID-19 is a serious concern, we have been fortunate that across more than 19,000 employees in 20 states of operation, we have had very few tests positive. The majority of which are either asymptomatic or mildly symptomatic and most of whom have already returned to work.
We are keeping those employees in our thoughts, and we'll continue to be focused on the health and well-being of our entire workforce, while not losing sight of our essential duty to provide reliable and affordable energy. Our thoughts are also with our customers. We are mindful of the hardships many are enduring. That is why, for example, we voluntarily suspended nonpayment service disconnections and waived late fees across all our utility service territories. We will also offer our customers tools designed to assist them overcome the financial challenges they may be facing. As our state and regional economies gradually begin to reopen, we are taking preventative steps to ensure that our workplaces are safe, and that our customers receive the best possible customer service.
I'll now turn the call over to Jim to review our quarterly results as well as our thoughts on COVID-related impacts.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thank you, Tom. I'll first turn to slide four to report that our quarterly operating earnings per share, when adjusted for normal weather met or exceeded the midpoint of our guidance range for the 17th consecutive quarter. Our first quarter 2020 operating earnings were $1.09 per share, which included a $0.09 hurt from significantly worse than normal weather. This was the third warmest first quarter in Virginia on record. Weather-normalized results of $1.18 per share exceeded the guidance range midpoint. Recall that weather in the first quarter of last year was a $0.06 hurt. But during the following three quarters, we more than overcame that and finished the year with a total weather help of $0.02. Even without adjusting for weather, this was the 17th consecutive quarter of results within our guidance range.
GAAP earnings for the quarter were negative $0.34 per share. This result is driven in part by a noncash charge related to the planned early retirement of certain coal and oil-fired generating units in Virginia, consistent with the requirements of the recently enacted Virginia Clean Economy Act. The retirement of these units has been contemplated in previous versions of our integrated resource plan and was formally announced in late March. We also had a noncash impact attributable to unrealized losses on our nuclear decommissioning trust funds. And as a reminder, we report such unrealized gains and losses on these funds as nonoperating. A summary of adjustments between operating and reported results is included in Schedule two of the earnings release kit. On slide five, we are initiating second quarter 2020 operating earnings guidance with a range of $0.75 to $0.85 per share. We are also affirming our annual guidance range of $4.25 to $4.60 per share. As usual, these ranges assume normal weather, variations from which could cause results to be toward the top or the bottom of these ranges. The second quarter and full year guidance ranges also reflect our preliminary expectations for the impacts of COVID on our financial results.
Before I walk through each of our operating segments, let me address potential questions around our expectations for the shape and pace of the economic recovery. In affirming our annual guidance today, we have assumed that the economy begins to ramp up through late summer, though, as you will see momentarily, demand in Virginia, thus far, is positive relative to recent years despite the pandemic. Of course, variations in the duration and the severity of the economic recovery may ultimately impact our financial results more or less than our current forecast. The future is difficult to predict, which is why we are reiterating the demand related earnings sensitivities for our two electric utilities. We hope this is useful for our analysts and investors to sensitize their models to reflect their own perspectives on the shape of the economic recovery.
In any case, just as we have since early March, we plan to provide periodic public updates on the various aspects of the crisis impact on our business, including updates on load as we make our way through the economic reopening process, which will occur gradually which began yesterday in South Carolina and is expected to begin in Virginia in 10 days. Now I'll address our businesses, starting with our largest segment, Dominion Energy Virginia. On slide six, we present updated load related data. This graph represents daily weather-normalized load in the PJM DOM Zone as compared to a two year historic weather-normalized average. As you can see, the impact of COVID on zonal demand has not changed materially since our prior disclosures, and Virginia load is continuing to prove extremely resilient.
We attribute this to four factors, illustrated on slide seven. First, residential usage, which typically accounts for around 45% of segment revenue. Last month, we saw year-over-year weather normal residential load increase by about 3%. As you can see, residential customers contribute more to revenue per unit of usage than our larger volume classes. Second, the proliferation of data centers in our service territory. Despite a statewide stay-at-home order, April weather-normalized commercial load decreased by only 3% as a result of COVID, mostly due to the stabilizing effect of data center demand growth. Third, limited industrial exposure, while we saw industrial demand decrease by around 3% in April, only 6% of DEV's revenue is attributable to industrial usage. And finally, government, military and other demand, which accounts for 16% of revenue and which was up almost 4% year-over-year last month. Let me also point out a few aspects of our regulatory framework, which are important to consider as they relate to the financial impact of the COVID crisis. Around 40% of DEV's rate base is in rider form that allows for an annual true-up for changes in sales volumes.
In addition, fuel pass-through related revenue is also adjusted annually to account for, among other factors, over or under recovery due to usage. While not observable in the load data we have shared, these two mitigants taken together account for half of DEVs operating revenue and represent effective decoupling from changes in load. We continue to monitor the situation closely. Based on observable data, we are not at present forecasting major COVID-driven revenue impacts associated with reduced load at Dominion Energy Virginia during the remainder of 2020. Of course, the situation is dynamic, and so we are reiterating four year reference of previously published rules of thumb for load variations by class. Accounting for nearly 45% of our operating earnings, DEV represents our largest state-regulated utility exposure to COVID-related demand fluctuations by far. Let me now turn to slide eight to walk through the same data for Dominion Energy South Carolina's electric operations. From the time the executive order took effect on March 31, we've seen a noticeable decline in weather normal demand as compared to the two year historic average. Specifically, April's electric demand was off almost 10% on a relative basis.
While we expect increases in residential demand, our South Carolina operations when compared to Virginia, do not benefit from the same data center load stability and as demonstrated on slide nine, are more exposed to industrial load. 10 of DESCs top 30 industrial manufacturing customers have temporarily idled at least some production. However, all but two of those 10 have communicated plans to restart production in the coming weeks. In Virginia, there are some structural mitigants to the load impact like in Virginia, there's some structural mitigants to the load impact on revenue in South Carolina. First, around 25% of DESC's total rate base is in rider form with monthly true-ups. Almost another 10% of rate base is attributable to South Carolina gas distribution operations that operate under regulation that shoes up annually. Finally, fuel pass-through related revenue for both electric and gas operations are adjusted annually to account for, among other factors, over or under recovery due to usage. While not observable in the load data we've shared, these three mitigants taken together account for nearly 50% of DESC's operating revenues and represent effective decoupling from changes in load.
Further, the impact of COVID on our South Carolina financial performance stands to be relatively less impactful financially, given Dominion Energy South Carolina's overall earnings contribution is approximately 10% of Dominion's forecasted operating earnings. The future is difficult to predict, but we currently expect that load trends will gradually rebound through the late summer. However, the situation is dynamic, and therefore, we are also reiterating our rules of thumb for variations in load class and load by class for DESC's electric operations. Please note that these sensitivities assume a full year 1% change in load. April alone represents only a small percentage of annualized load, given, first, it's typically the lowest sales level of any month. And of course, it's only one of 12 months of the year. I'll also note here that we voluntarily requested a 60-day delay to our upcoming South Carolina electric base rate proceeding. Per the merger agreement, this was originally expected to commence later this quarter and conclude with new rates effective January 2021. We feel strongly that this is the prudent approach to take. Let me turn to slide 10 now to address our remaining segments, which I'll be able to cover more quickly. First, gas distribution, which accounts for around 15% of operating earnings.
Over 80% of segment operating margin is protected through decoupling or fixed charges, including riders and gas pass-through mechanisms. These constructive rate structures significantly reduce the impact we expect to see from COVID-related demand fluctuations. I should also point out that we are entering a multi-month period of off-peak and shoulder demand seasons for gas distribution. Next, gas transmission and storage, which accounts for nearly 1/4 of operating earnings. A few points here. First, the typical contract structure is long-term and take-or-pay. With reservation or capacity charges, which are largely independent of utilization. Average remaining contract life is six to seven years for existing pipelines in storage and much longer for Cove Point Liquefaction and ACP. Second, this is a demand pull dominated segment. As we shared at Investor Day, approximately 80% of the revenues attributable to segment assets are derived from demand-driven counterparties, such as utilities. Third, counterparty credit quality is high, given the regulated utility SKU of the customer base, where shippers do not meet our stringent internal credit standards, we typically require higher than industry average protections, including collateral in the form of cash or letter of credit that often covers multiple years of exposure.
And finally, Cove Point Liquefaction contracts are take-or-pay and allow the shippers to deliver cargoes anywhere in the world not prohibited by U.S. policy. So customers are obligated to pay regardless of usage, I would note that through today, customers continue to nominate volumes that are at the plant's design capacity. And finally, contracted generation operates primarily under long-term PPA or hedge arrangements, which are unlikely to be materially impacted by the effects of COVID. Taking a step back now, we are also watching payment arrears data carefully across all of our segments. To date, we've seen modest increases, which are consistent with our expectations. That said, we will work carefully with our customers over the coming months to provide options and tools to maintain service and assist them in returning accounts to current. We do not expect bad debt expense in excess of budgeted amounts to be a material driver for the year, though not directly comparable. During the financial crisis, we saw annual bad debt expense at DEV, for instance, increase by around just $20 million. At our electric business, like most of our peers, bad debt is addressed during periodic base rate case proceedings. At nearly all of our gas utilities, we have full or partial ability to recover bad debt expense under real-time rate mechanisms, such as dedicated trackers or fuel pass-through adjustment clauses.
While the impact of COVID on our financial results during the first quarter was muted, we are not assuming that this that, that will continue indefinitely. That is why we are redoubling our efforts to identify opportunities to reduce costs generally across our businesses as we look to be prepared to achieve our affirmed annual guidance range. While I'm not in a position today to quantify a total amount, a few straightforward examples would include reductions in business travel, office supply and operational fuel expenses. As well as the impact of implementing a hiring freeze. We will continue to monitor these and other O&M reduction options. Turning now to liquidity as shown on slide 11. As volatility in capital markets increased significantly in March, we moved quickly and opportunistically to enhance our liquidity position out of an abundance of caution. Over a period of around 15 days, we added nearly $5 billion of available or funded debt capital. On slide 12, we update our annual financing plan for our year-to-date issuance. I'll note for the avoidance of doubt that as of today, there is no change to our long-term debt financing amounts, our external equity need of $300 million under our DRIP program or our capex guidance for the year.
We have and we'll continue to look for at the potential to defer small amounts of capital investment where safety and reliability will not be compromised, but any such deferral would be relatively small and short-lived. We have not observed any major disruptions to any of our key supply chains. And finally, a few comments regarding our pension on slide 13. We entered the year with a 92% funded status, up meaningfully from the previous year. While it's way too early to tell where we will land at year-end 2020 when we remeasure assets and liabilities, a few factors to consider. First, discount rates, which are based on long-term all-in corporate bond yields are around the same levels observed at the end of last year despite lower treasury rates. And second, at the end of January this year, we decided to hedge the equity exposure in our plan assets using the futures market. As public equities fell in March, we took advantage to monetize most of our hedge position at 25% and 30% in the money levels. We are beginning to reinvest those cash proceeds back into equity exposure.
As a result, through April, plan assets are close to flat for the year, which compares favorably to the significant declines that may be expected for typical pension portfolios. I'll reiterate, there's a long way to go before the next expected remeasurement date of December 31. But regardless of where we end up for the year on funded status, we do not expect to need any pension plan contributions this year or next. Turning now to slide 14 and in summary, we reported our 17th consecutive quarter of weather normal results at or above the midpoint of guidance. And our 17th consecutive quarter results within our guidance range. We feel that our businesses are well positioned with regard to COVID-related demand impacts, but we are monitoring the situation carefully. We affirmed our annual operating EPS range of $4.25 to $4.60 per share. And we are also affirming our post-2020 guidance of 5-plus percent annual operating EPS growth as well as our dividend per share growth of 2.5% per annum, subject as is customary to board approval.
I'll now turn the call back over to Tom.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thanks, Jim. Amidst the turmoil of the global pandemic, our employees have been singularly focused on maintaining reliable and safe operations for the individuals and families, businesses, industries and government agencies that we are fortunate to count as customers. We are in the public service business, and our work directly impacts the lives of our customers and communities. Let me share three specific examples that occurred over just the last six weeks on the opposite sides of the country and shown on slide 15. On the morning of March 18, the Salt Lake City Valley experienced largest earthquake to occur in that region in 30 years. The 5.7 magnitude event generated nearly 1,800 service calls and 1,400 gas distribution work orders, which were both over 20 times normal. Our crews went to work immediately to address any potential safety issues to ensure reliable service to homes and businesses in the middle of the winter season. As a testament to the quality of our infrastructure, and as a result of the significant investments in integrity and pipeline replacement programs authorized by our regulators, we have found zero material gas lakes across our system as a result of the earthquake.
Less than four weeks later, on April 13, 21 tornadoes touched down in South Carolina. four of which were classified as EF3 strength which winds up to 165 miles per hour and one of which was classified as an E4 tornado with winds up to 200 miles per hour. It was the most prolific day of tornado activity in South Carolina in the last 35 years. Within 24 hours, our crews had restored 96% of the 117,000 of our customers that lost service during the storm. During the next two days, our people worked very long hours in devastated areas to finish restoring service and along the way, helping those communities find a measure of normalcy. In the aftermath of the storm, the South Carolina office of regulatory staff issued a press release commending the dedication and effort of the state's electrical personnel, men and women who worked tirelessly to ensure power systems were restored, even in the midst of a global pandemic. That same day, 300 miles Northeast, heavy rains and winds gusting to 70 miles per hour across Virginia and North Carolina, interrupted service to nearly 200,000 of our customers. Within 24 hours, 95% of customers have been restored by our crews with the final 5% reconnected over the following 12 hours.
I'm proud, though not surprised, at the way in which our Dominion energy team members have responded on behalf of our customers throughout this trying time. Turning to safety, which is our first core value. Our first quarter safety results rank us number one among our southeastern peer group and puts us on track for another year of record performance. Through the end of March, our OSHA recordable rate is approximately 1/2 that of the first quarter of last year. Also, two weeks ago, seven of our gas infrastructure operating companies received awards from the AGA for superior safety performance. For the remainder of my prepared remarks, I will address the results of the Virginia general assembly session and the status of the Atlantic Coast pipeline. The Virginia legislative session formally concluded last month. On April 11, Governor, Northam signed in the law, the Virginia Clean Economy Act or VCEA, which complements the existing Grid Transformation and Security Act adopted in 2018. That law established a comprehensive framework for utility regulation and investment in Virginia.
As shown on slide 16, the VCEA sets our company on a path of achieving the most significant legislatively mandated clean energy investment program in the United States. As a result, Virginia is poised to become a nationwide leader in zero carbon deployment over the next three decades. This mandate will create thousands of jobs, support localities, bolster the Virginia economy, attract businesses and families, improve the environment and serve as an example for other states seeking to achieve similarly ambitious sustainable energy goals. The plan also supports our enterprisewide net zero methane and carbon emissions targets by 2050. The VCEA calls for and finds in the public interest, the development of renewable generation and energy storage resources as follows: 5,200 megawatts of offshore wind, 100% of which may be utility owned. 16,100 megawatts of solar or onshore wind, 65% of which may be utility owned and 2,700 megawatts of energy storage, 65% of which may be utility owned. These targets are to be met over the next 15 years with additional goals by 2045.
In addition to establishing a public interest determination for these programs, the law outlines specific regulatory approval criteria and affirms rider eligibility for each of those programs. I'll discuss them in turn. Regarding our previously announced 2,600-megawatt Coastal Virginia offshore wind project. The commission is required to presume costs are reasonable and prudent if the project meets three key tests, as shown on slide 17. First, competitive procurement and solicitation standards for components are met. We have met this standard on our Virginia projects for many years. We have always sought to drive down costs while also balancing performance and reliability to optimize value for our customers. Second, the projected Levelized Cost of Energy or LCOE is reasonable relative to a specific EIA benchmark. Our early estimates for project LCOE are of $80 to $90 per megawatt hour compared very favorably to this benchmark. This range does not include the benefit of any available federal tax incentives, which are working to preserve for the benefit of customers. And third, the project's construction commences prior to 2024 and or has a plan to enter service by 2028. Our project satisfies both milestones.
We are pleased with the progress to date on both our pilot and full-scale deployments. Despite the pandemic, the primary pilot project components have arrived from Europe, as shown on the cover slide. And we expect installation to begin this quarter with commercial in service by year-end. We have also initiated the subsea survey work that will support the submission of our full-scale offshore construction and operation plan to bomb by the end of the year. We are joined in this work with the Virginia fishing industry. We continue to work with equipment manufacturers and service providers to encourage making Virginia the hub for the U.S. offshore wind industry. And we are leading a consortium of industry experts and participants in the development of a fully Jones Act compliant installation vessel that will be equipped to handle all current turbine technologies as well as the next-generation turbine sizes of 12 megawatts and larger. These mega turbines result in fewer foundations and reduced construction and maintenance costs, thereby lowering the Levelized Cost of Energy.
The vessel, which will be funded by consortium participants, including Dominion Energy will enter service in 2023 and operate continuously for several years under contracts with multiple major U.S. offshore wind developers. Based on our current estimates for fully installed costs, which we expect will reduce over time. Offshore wind, as directed by the VCEA represents between $8 billion and $17 billion of capital investment over the next 15 years. This range is consistent at the low end with our previously announced cost estimate for our 2,600 megawatt project. The high end represents an incremental opportunity associated with the laws direction to put an additional 2,600 megawatts into service by 2035. Accordingly, we are updating our five year growth capital estimate for this program by one year. The new outlook now totals $3.5 billion and reflects the ramp-up on our full-scale deployment in 2024. Our previously plan included only $1.1 billion. We plan to make an initial rider filing in 2022.
Next, solar and onshore wind, as shown on slide 18. Given Virginia's relatively onshore wind resource, we expect that the vast majority of the laws mandate in this area will be met through a very significant expansion of the state's solar capacity. As I mentioned previously, the law calls for over 16,000 megawatts by 2036, 10,000 of which can be utility owned. In other words, Dominion will install, on average, nearly 700 megawatts of solar every year for each of the next 15 years. To-date, we have achieved more than 70% of our previous commitment of at least 3,000 megawatts by 2022. In the first quarter, we had our third solar rider application approved by the Virginia Commission. Meeting the ambitious targets set by the VCEA will require a redoubling of effort in this area, and we have already begun to significantly increase our activities. In granting approval for solar and onshore wind as well as energy storage, the law directs the commission to give due consideration to quote the promotion of new renewable generation and associated economic development, projected fuel savings and the RPS standards of the law. Assuming 65% utility ownership is provided in the law, solar generation represents approximately $19 billion of capital investment over the next 15 years. Our roll forward five year growth capital forecast now totals $5.5 billion as we seek to accelerate investments to meet the laws milestones. Our prior estimate was $3.7 billion.
Next, energy storage, which includes our existing efforts to develop a pumped storage facility in Southwestern Virginia. The commission recently approved four battery technology pilot projects totaling around $30 million and about 16 megawatts. In order to achieve the 2,700 megawatt target established by the law, we will be focused on a very aggressive effort in years to come. Assuming 65% utility ownership is provided in the law, energy storage represents approximately $7 billion of capital investment over the next 15 years. Our existing five year growth capital plan, which we are arising only modestly as we roll forward by one year, already included around $1 billion related to pumped storage. On slide 20, we show the impact of updating our five year growth capital estimates for just these three programs, which shows a $4 billion and over 70% increase. We are not updating existing five year capex figures for other programs or segments today. But we do not expect any material changes from our most recent guidance. We will look for an opportunity in the future to provide a comprehensive update across all segments.
Looking longer-term on slide 21. These three legislative priorities of wind, solar and energy storage, taken together, represent based on current cost estimates, somewhere between $34 billion and $43 billion of growth capital over the next 15 years, subject to regulatory approval. This is additive to the existing rider eligible investments, we will make this decade for electric transmission, nuclear relicensing, strategic undergrounding, grid modernization, and renewable enabling quick start generation. Together, these projects represent nearly $16 billion of growth capital, also subject to regulatory approval. To give these figures some context, Dominion Energy, Virginia's 2019 year-end rate base was around $24 billion. Turning to slide 22. As reported in our recent integrated resource plan, we expect typical residential customer bills from 2019 through 2030, including authorized pass-throughs related to Virginia joining the regional greenhouse gas initiative to keep pace with average historic inflation. We expect fuel savings from increased dispatch of renewable generation to be a key customer benefit. Of course, we always work to maintain competitive and affordable rates, and we have a track record of success. As demonstrated by our current rates, which are below the state, regional and national averages.
I would also note that our current typical customer bill is almost 40% lower than the average of RGGI participating states. We expect that our future rates will stay lower by a very wide margin compared to those states. Further, the VCEA expands on existing programs that are designed to direct funds to assist lower income customers. The proliferation of renewable but intermittent resources across our system will also require the continuation of our extensive investment in transmission infrastructure as solar generation sites emerge throughout the state. It will also require an increasingly modern grid, which is why the recent commission decision to reject certain, although certainly not all, aspects of our most recent grid transformation filing was disappointing for our company and particularly for our customers. We will continue to see comprehensive deployment of smart meters and other enhancements across our system, which will greatly improve the way we interact with customers as well as our ability to manage our increasingly 2-way energy delivery system. The VCEA and associated legislation will dramatically change our generation fuel mix over the years to come. What will not change is our obligation to customers to provide 24/7 energy with the least possible disruption. That is a message that has been clearly reinforced during the COVID pandemic.
Technological, operational and economic constraints around the multi-day baseload dischargeability of existing battery technology, combined with the fact that sometimes in Virginia, at least the wind does not blow and the sun does not shine for extended durations, meaning days, not hours, ensures that natural gas-fired generation will continue to play a critical, low-emission role in our system for years and years to come. That's why our policymakers wisely included language in the VCEA in multiple places that provides express consent to consider system reliability and energy security holistically before ruling out any low emitting fuel such as natural gas. This aligns with our unwavering commitment to be net zero by 2050. What is clear, however, is that less efficient and higher emitting sources of electric generation such as coal and oil, will phase out of our system. To that end, we have taken steps since early 2019, including during this first quarter to retire more than 3,300 megawatts of mostly coal and oil fired power stations. Given recent changes in law, the commission is no longer mandated by statute to approve period expense treatment for these retirements. Period expensing is the best choice for customers and dictated by many years of existing commission precedent.
During the triennial review under the framework established by the GTSA, if the commission determines that we have excess earnings, either because they determine to overrule existing precedent and amortized plant retirement charges over a longer period of time or because our financial performance otherwise warrants such determination, we will offset those excess earnings using dollar-for-dollar customer credit reinvestment offsets or CCROs, including our $300 million offshore wind pilot project investment. Only if we are unable to fully offset excess earnings with CCROs, would the commission be authorized to order a onetime customer refund and reduce rates by no more than $50 million through the following triennial review, which will conclude in late 2024. Now to the Atlantic Coast pipeline and supply header. On slide 23, we summarize the status of select project permits. First, the Appalachian Trail crossing. On February 24, the Supreme Court heard oral arguments on the case. We expect the court to rule in ACP's favor in the coming weeks. Such a ruling would restore the authorization of the project to proceed along the existing route.
Despite the pandemic, the court continues to meet telephonically and release orders on cases heard earlier in the term. Next, the biological opinion. Progress continues despite COVID as we provide information that is responsive to requests from both FERC and the fish and wildlife service. We expect the authorization to be reissued by the end of this quarter. That period would mark nearly a 12 a full 12 months since the court invalidated the prior version in July 2019. Demonstrating the rigor with which the permitting agencies are approaching resolution of the concerns identified by the court. In the case of the air permit for Buckingham Compressor Station, we have already begun to submit additional data and analysis to the Virginia Department of Environmental Quality, which we believe provides ample justification for the original Air Board decision to approve the strictest minor source air permit in the nation and addresses all of the concerns voiced by the court. We expect the permit to be reissued by year-end.
Finally, with regard to the Nationwide Permit 12, which is issued for the project by the United States Army Corps of Engineers, we had expected the permits to be reissued shortly after the issuance of the biological opinion as the core in recent months has taken steps that address the four circuits concerns. The recent decision related to the Keystone Pipeline by the district court in Montana has potential implications for nearly all critical infrastructure investment and associated employment across the country. This includes the provision of drinking water, electricity and fuel, Internet, radio, television, telephone and other communications and stands to impact service to the public, governments, defense installations, hospitals, schools and other businesses and industry. Since the Nationwide Permit 12 program was renewed in March of 2017, it has been used more than 38,000 times. And the court estimates that it has over 5,000 additional notifications awaiting action. The Department of Justice has sought and been granted expedited consideration for their motion for partial stay, pending appeal with all replies due by this Friday. We expect a focused effort across the industry, commerce and labor groups as well as the Department of Justice to clarify and resolve the issue in a timely manner. With regard to ACP, we believe it is too early to tell what, if any, impact this ruling will have on the existing and timing and cost of the project, which are otherwise affirming today.
So many issues resolved in a timely manner, we can maintain the existing schedule and cost estimates, so long as we can take advantage of the November 2020 through March 2021 tree felling season. We will continue to monitor and provide communication to investors as appropriate. Based on these expectations, we remain confident in the successful completion of the project and note that there are no changes to the financial contribution estimates for 2020 and beyond that Jim provided on our fourth quarterearnings call Customers need this infrastructure now more than ever to ensure the reliability of energy supply. Accordingly, we have recently finalized negotiations with the major customers to provide a fair rate of return for the project owners and appropriately balanced project costs among the parties. Further, we remain confident in Virginia regulatory approval, the prudency of capacity contracts as part of Dominion Energy's fuel filing cases as the project nears operation. Legislation that passed during the recent Virginia general assembly session established a fuel case review criteria that recognize the importance of energy reliability and largely mirrors the standard for prudency already employed by the commission.
With that, I will summarize today's call as follows: our safety performance is on track to set a new company record for the lowest OSHA recordable rate. We achieved weather-normalized operating earnings that exceeded the midpoint of our guidance range for the 17th consecutive quarter. We affirmed our 2020 earnings guidance. We confirmed our EPS growth expectations apply plus percent post 2020. We are excited about the opportunities under recently enacted legislation in Virginia to increase the sustainability of our generation fleet, which will also be supportive of our corporatewide net zero carbon and methane emissions by 2050 commitment. And we are making significant progress across all of our capital investment programs to the benefit of our customers.
We will now be happy to answer your questions.
Questions and Answers:
Operator
[Operator Instructions] Our first question comes from Shahriar Pourreza with Guggenheim partners. Please go ahead.
Shahriar Pourreza -- Guggenheim partners -- Analyst
Hey, good afternoon guys.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Good morning.
Shahriar Pourreza -- Guggenheim partners -- Analyst
So good details in your capex projections with solar, onshore wind, offshore wind post the passage of the legislation. And obviously, you guys increased your capital budget for clean energy investments to your planning period. Is there anything you could point to structurally that could hinder you pulling additional spend forward as your total investment opportunity set is materially higher, i.e. bill headroom permitting. Obviously, offshore wind may have some hindrances. But how do we sort of think about further onshore or solar spend being pulled forward. So trying to get a little bit of a sense on any potential upside to the near-term plan and your current plus 5% growth trajectory, which is proving somewhat manageable?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Shahriar, it's Jim. Yes. So what we've done here is we have not obviously done a full monty roll forward of all of our capital spending and addressed in a more holistically our long-term growth rate, etc. All we've done today is we've addressed an update, a roll forward for a new five year period just for three programs just within one segment. So we, of course, do the more holistic view less frequently. We did it in 2016, we did it in 2019. So that's not for today. So we'll find a time in the future where we will do a full walk through and be able to provide a little more color on other moving parts other than just these three updates on the specific spending programs within DEV.
Shahriar Pourreza -- Guggenheim partners -- Analyst
Good. Got it. So like, I guess, the takeaway and correct me if I'm wrong, if the plan is becoming much more sustainable, much more you'll be able to fine-tune that 5-plus percent growth rate in time.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yes. Keeping in mind, when we set the 5% plus growth rate, when we announced that last March, we had in our minds that this kind of spending program is going to continue or maybe even increase in Virginia and elsewhere. But that's right. We'll come back and address something more holistically when we're not kind of in the midst of a global pandemic. We didn't think this is the right time.
Shahriar Pourreza -- Guggenheim partners -- Analyst
Got it. Got it. Agreed there, by the way. So just a real quick last question on ACP. You kind of stated timely resolution to the Nationwide 12 Permit, right? Is there any more color you can provide on this? I mean, when would you start to reevaluate the timing of the resolution was pushed to a later part of the year. And then, Tom, can you just maybe elaborate a little bit more on your latest contract negotiations with customers. What's been sort of the debate? Is it or what's been sort of the push pull? Or is it more of a focus on COVID, and that's been a bit of a slowdown. So just maybe a little bit more elaboration on the negotiations, and I'll jump back in the queue.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thanks, Shar. I'll talk I'll answer the first part of your first question. Diane will answer your second question. So the key dates for us is, as we said, is the tree cutting season, which runs through the end of through March of next year. We need 10 weeks or so of tree cutting period, 10, 12 weeks to complete what we need to you need to keep in mind, we already have 250 miles of trees cut on this 600-mile pipeline, and not every single mile has trees on it. Actually hundreds of miles do not. So that's the real key for us is getting into that tree cutting season. So we'll see what happens. A lot of people were quite surprised by the judge's decision. And there's a lot of I think you should expect to see a lot of a mickey briefs being filed pointing out I mean, what he talked about was all forms of utility infrastructure, not just on oil pipeline in Montana, it was every single utility infrastructure program in the country. So it seems like maybe a strong action by the judge, maybe not completely justified by the case put forward. So we'll have to just have to see how that goes. Of course, you can go to the night circuit after that, things but we'll judge that as it goes along. On the second part of your question, I'll turn it over to Diane Leopold.
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
Okay. And I believe your question was related to the customer negotiations. And if I'm not answering, let me know, but the customer negotiations are complete. They have been finalized throughout the quarter. So the rate and all the other terms and conditions have been complete to ensure that there is a fair rate of return for the project, and it balances customer needs and customer costs.
Shahriar Pourreza -- Guggenheim partners -- Analyst
Got it. Any change in the return assumptions that's material to disclose?
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
No.
Shahriar Pourreza -- Guggenheim partners -- Analyst
Excellent. Thanks, guys, congrats. It's a very resilient plan. Congrats.
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
Thank you.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thanks.
Operator
Thank you. Moving on to our next question. This comes from Steve Fleishman with Wolfe Research. Please go ahead, sir.
Steve Fleishman -- Wolfe Research -- Analyst
Thanks, good morning and and hope all of you are doing well. Jim, I'm looking forward to the full monty roll forward.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
That's just a little [Indecipherable].
Steve Fleishman -- Wolfe Research -- Analyst
But just maybe to fill that picture in a little bit. The any color on kind of financing need changes with a higher capital plan? Maybe that would come with the roll forward, but how should we think about that?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yes, I think that's fair. That will come with the roll forward, but we're outlining here spending plans that are large, but over a 15-year time period. So when it comes to financing, we're going to continue our process of giving that one year and sometimes multiple years in advance. There's no change in the near term. Certainly no change this year, but we'll revisit what the financing mix will be kind of across the board as we do a more holistic update. I would note, though, for the avoidance of doubt that for these programs, we've talked about under the VCEA, all the financing will be at DEV, so if that's called legal entity. So we're not considering project financings or other things like that. It will be a mix of regular way of financing at VEPCO. But more to come when we provide more holistic updates.
Steve Fleishman -- Wolfe Research -- Analyst
Okay. And then maybe kind of a bit of a specific, but also a high-level question for Tom. So just the whole picture of Virginia with this plan, obviously seems to be very very green, clean, sustainable focused program. So maybe you could just give a little color on kind of the whole what the state is trying to do with this? And kind of the view of you in the context of the state? And then specifically, this part of the plan, the new plan on the Jones Act vessel, just any color on how that would work and fit into maybe fit into kind of this whole Virginia plan?
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Sure, Steve. So the just to refresh everybody on the state of Virginia politics, for the first time, and I think it's 30 years in this session of the general assembly, we had elections last year. We're always off here for our state legislature, both in the Senate and the house of delegates. And for the first time, it's in either 20 or 30 years, I don't remember which how many decades. You had democratic party in charge of both houses plus the executive branch. And there was a lot of interest among the new members of the House and Senate to advance a number of policies on many fronts, not just in energy. There was all sorts of legislation around gun rights, for example, and a variety of other things, minimum wage, etc. And there had been an effort we had worked for years with a number of groups to on solar in particular, and how to make sure that, that came into Virginia in an efficient, cost-effective way. And we worked with a wide variety of the policymakers to ensure that these goals are achievable and still affordable for our customers.
And you can see from our IRP that was filed last week, that we expect, even with this spending plan, our plan B under the IRP is the most likely plan, at least we think it is, the most likely plan. Others will weigh in, of course. We'll run at a little bit right around traditional inflated rates of inflation. And we've joined RGGI and our rates, well, when you now compare our rates to the RGGI sates, we're 40% lower than the average RGGI state, we're half of the highest RGGI state. And so there's a lot of room in there for us to stay extremely competitive. So Steve, I think overall, from a big picture, view. It was part of an overall effort across many different parts of policymaking to have a more progressive outlook as those policymakers would call it a more progressive outlook on a variety of factors. Your second question had to do with vessel, which I'll turn it over to Bob Blue.
Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer
Steve. I would put the vessel in the context, not just of Virginia, which Tom did a nice job of describing, but in the entire East Coast. If you look from New England all the way down to Virginia, there are a host of offshore wind projects in various stages of development. All of those projects are looking for a Jones Act solution for installation, ours among them. So we're excited to be a leader in a consortium of potential infrastructure investors, other participants in the industry on a vessel that will allow the installation of larger turbines compliant with the Jones Act. So we think that project fits very nicely into the context of what we're seeing in terms of offshore wind development off the East Coast.
Steve Fleishman -- Wolfe Research -- Analyst
And just would that be in Virginia?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Sorry. Sorry about that. Just when it comes to the profile of that vessel, just to clarify, that will be fully contracted long-term profile. And we don't have a number for our planned percentage ownership. We will be an owner through our contracted generation segment. But we expect infrastructure style returns from that. Business profile and therefore, expect interest from infrastructure investors and other industry participants to co-fund that project.
Steve Fleishman -- Wolfe Research -- Analyst
Okay, great. Thank you.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thanks, steve.
Operator
Thank you. Our next question comes from Michael Weinstein with Credit Suisse. Please go ahead, sir.
Michael Weinstein -- Credit Suisse -- Analyst
Hi. Hi guys. Morning.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Good morning.
Michael Weinstein -- Credit Suisse -- Analyst
Good morning. Sorry about that. Hey,on the Jones Act vessel, is that going to be part is the cost of that, the investment, is that part of the cost of the offshore wind going forward? Is that included in the capex profile for that?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
No. Michael, good question. It's not. The amount, which is to be determined, will be invested. Our stake will be invested through our contracted generation segment, not in DEV and not part of the capital spend we outlined for offshore wind.
Michael Weinstein -- Credit Suisse -- Analyst
Right. And what is the timing of it looks like about another 2.6 gigawatts of offshore wind that you're planning on over the next 15 years, what's the timing of the second 2.6 gigawatts, is that clearly after the first $2.6 million?
Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer
Yes. Absolutely, still to be determined where that might be. If you look at our IRP, we show that coming in 2034. But it will be after our initial project, which Tom described, that we would expect to be in service into '26.
Michael Weinstein -- Credit Suisse -- Analyst
And I apologize if you mentioned this before, but also the timing of investments in storage, battery storage. Is that how has that pays out going forward? Are you waiting for any specific technological improvements before you begin to put significant capital into that?
Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer
Yes. It's Bob again. No, I wouldn't say we're waiting for specific technological improvements. As you know, we have a mandate in the statute by 2035, we would expect to pay storage out during that period. It will take us a few years before we start layering it in. But again, if you look at the IRP, this is obviously generic storage. We don't have specific projects scoped out at this point, but we start layering it in around 2026 is when you would see that start to go into service based on the models we're describing here.
Michael Weinstein -- Credit Suisse -- Analyst
Right. And one last question about data centers. Data center load is up. Is that that's on current data centers actually running at they're just running at higher capacities. I guess it's probably from work at home that you're sort of your.
Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer
Yes. Again, it's Bob. The answer to that is yes. So they're ramping. There's a ramp rate with data centers. We would usually see them start to hit a peak later in the year, but they're peaking earlier this year. I don't know. You could surmise, it's related to what's going on with the pandemic and more broadly, but we just know it's happening.
Michael Weinstein -- Credit Suisse -- Analyst
Are you aware of any plans to expand and build more data centers as a result, like maybe more than would have been built prior to the crisis?
Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer
Yes. We've had strong data center growth in our service territory for some time and expected strong data center growth for some time to come. And we have seen no slowdown in that at all. Would expect very strong data center growth going forward.
Michael Weinstein -- Credit Suisse -- Analyst
Thank you.
Operator
Our next question is from Durgesh Chopra with Evercore ISI. Please go ahead.
Durgesh Chopra -- Evercore ISI -- Analyst
Hey, good morning guys. Thanks for taking my question. Sorry if I missed this, but just Virginia, obviously looking pretty strong here, South Carolina, what are you assuming in the 2020 guide as decline trends for the rest of the year?
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
It's the I didn't hear the last part of the question.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yes. Durgesh, we couldn't hear quite the last part of your question.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
What was the assumption of what for 2020?
Durgesh Chopra -- Evercore ISI -- Analyst
The South Carolina demand decline trends in your 2020 guidance?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Got it. Durgesh, sorry. We were having some technical difficulties. I got you. So what are our assumptions there? So yes, a couple of things. We're obviously, in Virginia, not a material impact yet, but we are seeing now these steps get under way, economic reopening in Virginia and South Carolina. South Carolina, kind of announced yesterday, so modest steps under way. But we are not expecting like an immediate snapback. That's not the assumption that backs our guidance. We're expecting that, that will slowly recover through late summer. So when it comes to our guidance, we've obviously reaffirmed the annual guidance and long term. But there are a couple of gives and takes there. So one is weather, not to your question, but we had $0.09 of weather hurt. So the rest of the year, like last year, we expect to make up some of the ground we lost in the first quarter home weather. Virginia, as you mentioned, no impact, and we'd expect the same and then in South Carolina, we expect that the loads bottomed out, and then we're going to again, going to see that gradual recovery through late summer.
Durgesh Chopra -- Evercore ISI -- Analyst
Got it. And just a quick follow-up on financing costs. So just can you quantify for us or just versus plan? What you've done a ton of financing here. So what's the impact versus on financing costs versus the plan you had in place at the beginning of the year?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yes, Durgesh, good question because our financing plan, while intact on a full year basis, is a little bit modified because we accelerated a number of our financings into that March time period I talked about in my prepared remarks. So this financing cost for the year is something we're watching pretty closely. And I don't have a specific number for you, but a little bit of color. Obviously, we raised $5 billion earlier than we otherwise would have some of that short-term debt. But some of that just replaces what already would have been in our plan commercial paper. And as one example, one of those short-term financings, one year financings that come to mind that we did in that period was at LIBOR plus 50 with no fees. So kind of not too far off where CP would have been anyway. So not a big driver. And now as you look forward from here, the markets have recovered in dramatic fashion, as you know, the fixed income market. And the issuance rates from here on out for the next three quarters the way it looks right now is they're even lower all-in than they were in January. So we had a little bit of pressure from doing things earlier within our plan than we would have expected otherwise. But now we expect probably to make some of that up as rates have all-in rates have decreased.
Durgesh Chopra -- Evercore ISI -- Analyst
Got it. And the detailed disclosure by segment on COVID is super helpful. Congratulations on a solid print and appreciate all the disclosure. Thank you for.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thank you.
Operator
Thank you. And our next question comes from Jeremy Tonet with JP Morgan. Please go ahead.
Jeremy Tonet -- JP Morgan -- Analyst
Hi, good morning. Just want to follow-up on ACP. A bit more here on ACP. Thanks for all the color that you provided so far. Just want to clarify, I guess, do you need Nationwide 12 Permit for FERC approval to restart construction here? And are there any other potential hurdles for FERC here that you see?
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
This is Diane Leopold. So obviously, we need to have our major permits in place for the majority of linear construction but again, as Tom said before, the key thing that we're really watching with respect to our forecast is a productive tree felling season between November and March. So while there is in the Nationwide 12, you do not need to have that for hand felling of trees. It is not a regulated activity under the Army Corps Nationwide 12 Permit. So subject to FERC approval, we may be able to begin hand felling trees through the season. We would look to have that for full ramping up of linear construction.
Jeremy Tonet -- JP Morgan -- Analyst
Got it. Understood. And then just sticking with ACP here, what factors could impact project cost and timing between now and the tree felling window? Or just do you have a line of sight at current estimates as long as permits are in place prior to November?
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
Yes. The range of forecast that we have given that has not changed since the last quarter, has a wide range of scenarios that is not materially impacted again so long as we have a productive tree felling season this winter.
Jeremy Tonet -- JP Morgan -- Analyst
Got it. Great. I'll leave it there. Thanks for taking my question.
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
Thank you.
Operator
And our final question comes from James Thalacker with BMO Capital Markets. Please go ahead, sir.
James Thalacker -- BMO Capital Markets -- Analyst
Hi, thank you for the time. Can you guys hear me.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
We had.
James Thalacker -- BMO Capital Markets -- Analyst
Good morning.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Good morning.
James Thalacker -- BMO Capital Markets -- Analyst
Just maybe just to pivot a little bit to the other regulated businesses. I know that you guys had delayed the rate filing for Dominion Energy in South Carolina. But I was as you kind of pushed that off into the fall and kind of given what's been going on, I guess, with demand trends, do you guys see an opportunity maybe to propose something a little bit more formulaic down there or maybe try and see if you could do a rate plan that includes decoupling as part of that proposal?
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
I don't we're still, of course, in the process of developing the plan. But right now, the schedule would call for us to file notice on July 15 and file the case actually in August. We expect that to happen at this point, barring some other developments. But we're still developing that rate case, and we'll see how it comes together and when we file the notice.
James Thalacker -- BMO Capital Markets -- Analyst
Thank you.
Operator
[Operator Closing Remarks].
Duration: 68 minutes
Call participants:
Steven D. Ridge -- Vice President, Investor Relations
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer
Shahriar Pourreza -- Guggenheim partners -- Analyst
Steve Fleishman -- Wolfe Research -- Analyst
Michael Weinstein -- Credit Suisse -- Analyst
Durgesh Chopra -- Evercore ISI -- Analyst
Jeremy Tonet -- JP Morgan -- Analyst
James Thalacker -- BMO Capital Markets -- Analyst
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer Yes. Please go ahead. Please go ahead, sir.
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Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer Yes. Please go ahead. Please go ahead, sir.
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Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer Yes. Please go ahead. Please go ahead, sir.
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Robert M. Blue -- Executive Vice President and Co-Chief Operating Officer Yes. Please go ahead. Please go ahead, sir.
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2020-05-05 00:00:00 UTC
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Dominion Energy Q1 20 Earnings Conference Call At 11:00 AM ET
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https://www.nasdaq.com/articles/dominion-energy-q1-20-earnings-conference-call-at-11%3A00-am-et-2020-05-05
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(RTTNews) - Dominion Energy Inc. (D) will host a conference call at 11:00 AM ET on May 5, 2020, to discuss Q1 20 earnings results.
To access the live webcast, log on to investors.dominionenergy.com
To listen to the call, dial 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode "47792145#."
For a replay call, dial (877) 919-4059 (US) or (334) 323-0140 (International) with pin 64127851.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy Inc. (D) will host a conference call at 11:00 AM ET on May 5, 2020, to discuss Q1 20 earnings results. To access the live webcast, log on to investors.dominionenergy.com To listen to the call, dial 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode "47792145#." For a replay call, dial (877) 919-4059 (US) or (334) 323-0140 (International) with pin 64127851.
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To access the live webcast, log on to investors.dominionenergy.com To listen to the call, dial 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode "47792145#." For a replay call, dial (877) 919-4059 (US) or (334) 323-0140 (International) with pin 64127851. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy Inc. (D) will host a conference call at 11:00 AM ET on May 5, 2020, to discuss Q1 20 earnings results. To access the live webcast, log on to investors.dominionenergy.com To listen to the call, dial 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode "47792145#." The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy Inc. (D) will host a conference call at 11:00 AM ET on May 5, 2020, to discuss Q1 20 earnings results. To access the live webcast, log on to investors.dominionenergy.com To listen to the call, dial 1-800-341-6228 (US) or 1-334-777-6993 (International) with passcode "47792145#." For a replay call, dial (877) 919-4059 (US) or (334) 323-0140 (International) with pin 64127851.
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699121.0
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2020-05-05 00:00:00 UTC
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Dominion Energy, Inc. Q1 adjusted earnings Miss Estimates
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https://www.nasdaq.com/articles/dominion-energy-inc.-q1-adjusted-earnings-miss-estimates-2020-05-05
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D):
-Earnings: -$270 million in Q1 vs. -$680 million in the same period last year. -EPS: -$0.34 in Q1 vs. -$0.86 in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $931 million or $1.09 per share for the period. -Analysts projected $1.10 per share -Revenue: $4.50 billion in Q1 vs. $3.86 billion in the same period last year.
-Guidance: Next quarter EPS guidance: $0.75 to $0.85 Full year EPS guidance: $4.25 to $4.60
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: -$270 million in Q1 vs. -$680 million in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $931 million or $1.09 per share for the period. -Guidance: Next quarter EPS guidance: $0.75 to $0.85 Full year EPS guidance: $4.25 to $4.60 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: -$270 million in Q1 vs. -$680 million in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $931 million or $1.09 per share for the period. -Guidance: Next quarter EPS guidance: $0.75 to $0.85 Full year EPS guidance: $4.25 to $4.60 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: -$270 million in Q1 vs. -$680 million in the same period last year. -Analysts projected $1.10 per share -Revenue: $4.50 billion in Q1 vs. $3.86 billion in the same period last year. -Guidance: Next quarter EPS guidance: $0.75 to $0.85 Full year EPS guidance: $4.25 to $4.60 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: -$270 million in Q1 vs. -$680 million in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $931 million or $1.09 per share for the period. -Analysts projected $1.10 per share -Revenue: $4.50 billion in Q1 vs. $3.86 billion in the same period last year.
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699122.0
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2020-05-05 00:00:00 UTC
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Dominion Energy Affirms Full-year Operating Earnings Guidance - Quick Facts
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https://www.nasdaq.com/articles/dominion-energy-affirms-full-year-operating-earnings-guidance-quick-facts-2020-05-05
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(RTTNews) - Dominion Energy (D) affirmed the company's full-year 2020 operating earnings guidance range of $4.25 to $4.60 per share. For the second-quarter, the company expects operating earnings in the range of $0.75 to $0.85 per share.
First quarter operating earnings was $1.09 per share, compared to operating earnings of $1.10 per share, prior year. The company estimates that its first-quarter operating earnings were negatively impacted by $0.09 per share due to milder than normal weather in its utility service territories. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.10, for the quarter. Analysts' estimates typically exclude special items.
First quarter operating revenue increased year-on-year to $4.50 billion from $3.86 billion, prior year. Analysts expected revenue of $4.72 billion for the quarter.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy (D) affirmed the company's full-year 2020 operating earnings guidance range of $4.25 to $4.60 per share. The company estimates that its first-quarter operating earnings were negatively impacted by $0.09 per share due to milder than normal weather in its utility service territories. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.10, for the quarter.
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For the second-quarter, the company expects operating earnings in the range of $0.75 to $0.85 per share. First quarter operating earnings was $1.09 per share, compared to operating earnings of $1.10 per share, prior year. First quarter operating revenue increased year-on-year to $4.50 billion from $3.86 billion, prior year.
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For the second-quarter, the company expects operating earnings in the range of $0.75 to $0.85 per share. First quarter operating earnings was $1.09 per share, compared to operating earnings of $1.10 per share, prior year. The company estimates that its first-quarter operating earnings were negatively impacted by $0.09 per share due to milder than normal weather in its utility service territories.
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For the second-quarter, the company expects operating earnings in the range of $0.75 to $0.85 per share. First quarter operating earnings was $1.09 per share, compared to operating earnings of $1.10 per share, prior year. Analysts expected revenue of $4.72 billion for the quarter.
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699123.0
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2020-05-02 00:00:00 UTC
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3 Recession-Proof Stocks to Buy Now
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https://www.nasdaq.com/articles/3-recession-proof-stocks-to-buy-now-2020-05-02
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There's a 100% chance the U.S. is heading into a recession within the next 12 months, according to Bloomberg's recession probability model. There's some merit in the projection, what with a whopping 30.3 million Americans filing for first-time unemployment claims since mid-March as of this writing, the majority of business institutions shut because of the COVID-19 pandemic lockdown, and oil prices crashing to historic lows.
For investors in stocks, a looming recession is a scary thought, as the stock market can fall sharply during a downturn. One way to prepare for a recession is to add some recession-proof stocks to your portfolio, or simply stocks that have the wherewithal to stand the storm. Here are three such stocks you might want to consider now.
An oft-overlooked yet critical industry
Recession or boom, we don't usually give a second thought to the amount of trash we generate. That means any company that's into solid waste management, like Waste Connections (NYSE: WCN), is busy collecting, disposing of, and recycling waste even during a downturn.
It's wise to own some recession-proof stocks now. Image source: Getty Images.
Waste Connections is set to release its first-quarter numbers on May 6. The company may have a couple of slow quarters for two reasons: It has suspended some nonessential operations such as yard waste collection, and the oil price plunge could hit operations in oil shale plays where Waste Connections is a key oil waste management player. It might, however, still be able to achieve targeted revenue growth of at least 6% in 2020.
In any case, investors should take a long-term view. Waste Connections ended 2019 with nearly $327 million in cash and equivalents and generated $1.54 billion in operating cash flow. Management also increased dividends by 15.6% in 2019, marking its ninth consecutive year of dividend increases. I believe Waste Connections will continue its dividend growth policy, which should act as a great buffer for investors during a recession.
Dividend income comes handy during a recession
No stock is 100% recession-proof, including utility stocks. However, the nature of the utility business is such that demand for electricity and gas won't fall off the cliff even during a downturn, which is why having a stock like Dominion Energy (NYSE: D) in your portfolio can help ride out a recession.
While Dominion Energy is a traditional utility providing electricity and gas to 7 million customers across 20 states in the U.S., the company's shift to cleaner energy sources is noteworthy. Just days ago, Dominion announced that it's on track to build what would be the largest offshore wind farm in the U.S. off the coast of Virginia Beach, with a capacity of 2,600 megawatts. Construction is expected to begin by 2024. This project is part of Dominion's goal to bring down net carbon dioxide and methane emissions from its power and gas plants to zero by 2050.
Dominion has increased its dividend annually for 17 consecutive years, although its dividend increases will be smaller in the near future as management wants to prioritize debt reduction, retention of an investment-grade credit rating, and investment in growth over dividends for now. That said, the stock is likely to continue to reward shareholders with higher dividends that can support a dividend yield of a least 3% even during tough times.
A no-brainer consumer staple stock to own
Procter & Gamble (NYSE: PG) products are so ubiquitous that many of us don't even realize we use them daily. The company operates in 10 care product categories, ranging from skin to fabric, hair, personal, home, oral, and healthcare, that are sold under more than 50 brands, many iconic, across 180 countries. Regardless of the state of the economy, we'll have to buy toothpastes and detergents and toilet paper. A consumer staples stock like P&G, therefore, beautifully fits the recession-proof bill.
In its latest quarter, P&G generated $4.1 billion in operating cash flow and managed to improve its operating margin despite COVID-19 challenges. Volumes rose 6%, while price added a percentage point to its top line. For 2020, P&G expects organic sales to grow 4% to 5% and core earnings to grow 8% to 11% per share.
There's another great reason to consider owning P&G during a recession: dividends. P&G increased its dividend for the 64th consecutive year in 2019, underlining the resilience of its dividends even during a downturn. Who wouldn't like some supplemental dividend income when the going gets tough?
10 stocks we like better than Procter & Gamble
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Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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There's some merit in the projection, what with a whopping 30.3 million Americans filing for first-time unemployment claims since mid-March as of this writing, the majority of business institutions shut because of the COVID-19 pandemic lockdown, and oil prices crashing to historic lows. However, the nature of the utility business is such that demand for electricity and gas won't fall off the cliff even during a downturn, which is why having a stock like Dominion Energy (NYSE: D) in your portfolio can help ride out a recession. The company operates in 10 care product categories, ranging from skin to fabric, hair, personal, home, oral, and healthcare, that are sold under more than 50 brands, many iconic, across 180 countries.
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The company may have a couple of slow quarters for two reasons: It has suspended some nonessential operations such as yard waste collection, and the oil price plunge could hit operations in oil shale plays where Waste Connections is a key oil waste management player. Waste Connections ended 2019 with nearly $327 million in cash and equivalents and generated $1.54 billion in operating cash flow. A no-brainer consumer staple stock to own Procter & Gamble (NYSE: PG) products are so ubiquitous that many of us don't even realize we use them daily.
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The company may have a couple of slow quarters for two reasons: It has suspended some nonessential operations such as yard waste collection, and the oil price plunge could hit operations in oil shale plays where Waste Connections is a key oil waste management player. Dividend income comes handy during a recession No stock is 100% recession-proof, including utility stocks. Dominion has increased its dividend annually for 17 consecutive years, although its dividend increases will be smaller in the near future as management wants to prioritize debt reduction, retention of an investment-grade credit rating, and investment in growth over dividends for now.
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Here are three such stocks you might want to consider now. I believe Waste Connections will continue its dividend growth policy, which should act as a great buffer for investors during a recession. Dividend income comes handy during a recession No stock is 100% recession-proof, including utility stocks.
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699124.0
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2020-05-01 00:00:00 UTC
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Analysts Forecast 10% Gains Ahead For The Holdings of IWL
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https://www.nasdaq.com/articles/analysts-forecast-10-gains-ahead-for-the-holdings-of-iwl-2020-05-01
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Russell Top 200 ETF (Symbol: IWL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $76.28 per unit.
With IWL trading at a recent price near $69.51 per unit, that means that analysts see 9.74% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IWL's underlying holdings with notable upside to their analyst target prices are Dominion Energy Inc (Symbol: D), Mastercard Inc (Symbol: MA), and Public Storage (Symbol: PSA). Although D has traded at a recent price of $77.13/share, the average analyst target is 11.07% higher at $85.67/share. Similarly, MA has 10.91% upside from the recent share price of $274.97 if the average analyst target price of $304.96/share is reached, and analysts on average are expecting PSA to reach a target price of $205.40/share, which is 10.76% above the recent price of $185.45. Below is a twelve month price history chart comparing the stock performance of D, MA, and PSA:
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 Russell Top 200 ETF IWL $69.51 $76.28 9.74%
Dominion Energy Inc D $77.13 $85.67 11.07%
Mastercard Inc MA $274.97 $304.96 10.91%
Public Storage PSA $185.45 $205.40 10.76%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although D has traded at a recent price of $77.13/share, the average analyst target is 11.07% higher at $85.67/share. iShares Russell Top 200 ETF IWL $69.51 $76.28 9.74% Dominion Energy Inc D $77.13 $85.67 11.07% Mastercard Inc MA $274.97 $304.96 10.91% Public Storage PSA $185.45 $205.40 10.76% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments?
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Three of IWL's underlying holdings with notable upside to their analyst target prices are Dominion Energy Inc (Symbol: D), Mastercard Inc (Symbol: MA), and Public Storage (Symbol: PSA). Similarly, MA has 10.91% upside from the recent share price of $274.97 if the average analyst target price of $304.96/share is reached, and analysts on average are expecting PSA to reach a target price of $205.40/share, which is 10.76% above the recent price of $185.45. iShares Russell Top 200 ETF IWL $69.51 $76.28 9.74% Dominion Energy Inc D $77.13 $85.67 11.07% Mastercard Inc MA $274.97 $304.96 10.91% Public Storage PSA $185.45 $205.40 10.76% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, MA has 10.91% upside from the recent share price of $274.97 if the average analyst target price of $304.96/share is reached, and analysts on average are expecting PSA to reach a target price of $205.40/share, which is 10.76% above the recent price of $185.45. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. With IWL trading at a recent price near $69.51 per unit, that means that analysts see 9.74% upside for this ETF looking through to the average analyst targets of the underlying holdings. iShares Russell Top 200 ETF IWL $69.51 $76.28 9.74% Dominion Energy Inc D $77.13 $85.67 11.07% Mastercard Inc MA $274.97 $304.96 10.91% Public Storage PSA $185.45 $205.40 10.76% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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699125.0
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2020-04-27 00:00:00 UTC
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ANALYSIS-GE's coronavirus troubles likely to hit power business, not just aviation
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https://www.nasdaq.com/articles/analysis-ges-coronavirus-troubles-likely-to-hit-power-business-not-just-aviation-2020-04
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By Alwyn Scott and Rachit Vats
April 27 (Reuters) - Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co GE.N is counting on to help lift profits.
Several major U.S. utilities with fleets of GE generators told Reuters they are halting or deferring maintenance, much of it handled by GE, because the work is not possible under social distancing restrictions. The work can be safely put off in part because coronavirus lockdowns have cut power demand, the utilities say.
Revenue from fixing power plants is increasingly important for GE now that the Boston-based conglomerate has slimmed down to aviation, power equipment and medical devices. Wall Street's concerns have focused on the aviation business, but when GE reports its first-quarter results on Wednesday, it may have to explain challenges to power as well.
"We have deferred routine maintenance activities to the limit possible at these facilities but are still performing the work needed to maintain reliability," Jim Hopson, a spokesman for the Tennessee Valley Authority, which operates across seven states, told Reuters. It operates a fleet of more than a dozen large GE-made natural gas turbines.
TVA is among five large U.S. utilities with more than 130 GE turbines interviewed by Reuters. All said they are putting off some maintenance work while performing critical jobs necessary for operation, compliance and safety.
GE declined to comment, citing a quiet period. The head of its gas power business said on April 3 that crews were working on projects with more than 60 customers worldwide.
GE reported $3.6 billion in power-services revenue last quarter, second only to $5.4 billion in services revenue at its aviation unit. Maintenance of such equipment is typically provided under long-term contracts. Some bill by hours of plant or engine use. For others, accounting rules require work to be performed before GE can record revenue, industry experts said.
GE's once-high-flying aviation unit has been hit by the drop in air travel, adding to the toll from hundreds of Boeing Co's BA.N grounded 737 MAX jetliners. A GE joint venture makes MAX engines.
"GE's financial performance will be severely impacted in 2020, as long-term service agreements have been a large source of revenue in GE's aviation and power divisions," said Kathy Hipple, a financial analyst at Institute for Energy Economics and Financial Analysis.
Sales of new power equipment also are at risk. "Utilities are likely to be watching power demand carefully, and may postpone capital investments until they get greater visibility on demand for power," Hipple said.
Other issues are adding to GE's headwinds. Low interest rates have raised pension costs and liabilities for long-term-care insurance policies, which will hit GE at year-end. Falling oil prices have wiped out $1.4 billion in value from GE's stake in Baker Hughes Co BKR.N since early March, money that would help GE pay down debt.
GE last month cut its profit forecast and warned cash outflows could hit $2 billion in the first quarter.
Wall Street analysts expect GE to post 8 cents a share in profit for the first quarter, and have cut price targets for GE stock by nearly one-third since early March, to an average of $9.46, according to data from Refinitiv.
GE's stock closed at $6.26 on Friday.
UP IN THE AIR
Maintenance deferrals do not pose immediate risk to electricity supplies, utilities and industry experts say. Lower demand cuts strain on equipment. New York City power demand is down by 21%, on average, the New York Independent System Operator said. California's demand fell as much as 7% during peaks since stay-at-home orders took effect last month.
Dominion Energy Inc D.N, which has about 15 large GE turbines, said it is deferring about 75% of its non-critical, scheduled maintenance, including large projects requiring hundreds of workers for a week or more. Some work is being canceled and other rescheduled.
"Some of it quite frankly is up in the air," said Chris Dibble, director of Dominion's power generation operations. "We are not sure when we can start bringing people back en masse."
Entergy Corp ETR.N, which has more than 20 large GE turbines, said it is postponing planned work that could affect power for hospitals and nursing homes. "If the crew is not able to maintain adequate social distance, the job or task should be postponed," said Neal Kirby, an Entergy spokesman.
(Reporting by Alwyn Scott in New York and Rachit Vats in Bangalore; editing by Peter Henderson and Leslie Adler)
((alwyn.scott@thomsonreuters.com; 646-223-6132; Reuters Messaging: alwyn.scott.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Alwyn Scott and Rachit Vats April 27 (Reuters) - Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co GE.N is counting on to help lift profits. "We have deferred routine maintenance activities to the limit possible at these facilities but are still performing the work needed to maintain reliability," Jim Hopson, a spokesman for the Tennessee Valley Authority, which operates across seven states, told Reuters. GE's once-high-flying aviation unit has been hit by the drop in air travel, adding to the toll from hundreds of Boeing Co's BA.N grounded 737 MAX jetliners.
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By Alwyn Scott and Rachit Vats April 27 (Reuters) - Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co GE.N is counting on to help lift profits. Several major U.S. utilities with fleets of GE generators told Reuters they are halting or deferring maintenance, much of it handled by GE, because the work is not possible under social distancing restrictions. GE reported $3.6 billion in power-services revenue last quarter, second only to $5.4 billion in services revenue at its aviation unit.
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Several major U.S. utilities with fleets of GE generators told Reuters they are halting or deferring maintenance, much of it handled by GE, because the work is not possible under social distancing restrictions. Revenue from fixing power plants is increasingly important for GE now that the Boston-based conglomerate has slimmed down to aviation, power equipment and medical devices. "GE's financial performance will be severely impacted in 2020, as long-term service agreements have been a large source of revenue in GE's aviation and power divisions," said Kathy Hipple, a financial analyst at Institute for Energy Economics and Financial Analysis.
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GE reported $3.6 billion in power-services revenue last quarter, second only to $5.4 billion in services revenue at its aviation unit. Wall Street analysts expect GE to post 8 cents a share in profit for the first quarter, and have cut price targets for GE stock by nearly one-third since early March, to an average of $9.46, according to data from Refinitiv. By Alwyn Scott and Rachit Vats April 27 (Reuters) - Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co GE.N is counting on to help lift profits.
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699126.0
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2020-04-23 00:00:00 UTC
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DVY, QCOM, GIS, D: ETF Outflow Alert
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https://www.nasdaq.com/articles/dvy-qcom-gis-d%3A-etf-outflow-alert-2020-04-23
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Select Dividend ETF (Symbol: DVY) where we have detected an approximate $135.0 million dollar outflow -- that's a 1.0% decrease week over week (from 168,100,000 to 166,350,000). Among the largest underlying components of DVY, in trading today Qualcomm Inc (Symbol: QCOM) is up about 1%, General Mills Inc (Symbol: GIS) is down about 1.1%, and Dominion Energy Inc (Symbol: D) is lower by about 0.8%. For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average:
Looking at the chart above, DVY's low point in its 52 week range is $61.89 per share, with $107.36 as the 52 week high point — that compares with a last trade of $77.80. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average: Looking at the chart above, DVY's low point in its 52 week range is $61.89 per share, with $107.36 as the 52 week high point — that compares with a last trade of $77.80. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average: Looking at the chart above, DVY's low point in its 52 week range is $61.89 per share, with $107.36 as the 52 week high point — that compares with a last trade of $77.80. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Select Dividend ETF (Symbol: DVY) where we have detected an approximate $135.0 million dollar outflow -- that's a 1.0% decrease week over week (from 168,100,000 to 166,350,000). For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average: Looking at the chart above, DVY's low point in its 52 week range is $61.89 per share, with $107.36 as the 52 week high point — that compares with a last trade of $77.80. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average: Looking at the chart above, DVY's low point in its 52 week range is $61.89 per share, with $107.36 as the 52 week high point — that compares with a last trade of $77.80. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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699127.0
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2020-04-23 00:00:00 UTC
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Utilities Aren't Shut Down, But They Will Still Feel a COVID-19 Impact
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https://www.nasdaq.com/articles/utilities-arent-shut-down-but-they-will-still-feel-a-covid-19-impact-2020-04-23
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Most people will do just about anything to keep the lights on, the refrigerator running, and the heat going. Think back to the last long blackout you suffered through and you'll quickly understand why. That inherent demand is one of the core reasons why electric utilities are considered a relatively safe investment option. But they aren't risk free, a fact that's important to remember as earnings season is upon us and utilities start reporting the early impact of COVID-19.
The benefits of a protected market
Early on it became obvious that having multiple electric utilities serving the same region wasn't a feasible long-term option. But one provider serving an area basically results in a monopoly, which isn't a good outcome, either. So the modern grid was built with a lot of government oversight to offset the risk that a monopoly would lead to unconstrained price increases for a product that everyone wants and, at this point, really needs.
Image source: Getty Images
The relationships here change the long-term fundamentals of the utility sector a great deal. For example, there's reliable demand from locked in customers, but the rates a utility charges must be approved by regulators. So growth tends to be slow and steady over time, with the government focusing on things like reliability and the long-term supply/demand balance in a given region. Utility spending proposals generally span years at a time and hold up reasonably well in the face of recessions and less severe downturns. That makes sense given the long-term nature of the planning needed to appease regulators and the locked in customer base.
All of this goes a long way to support the view of utilities as conservative investments fit for "widows and orphans," a phrase Wall Street uses to signify the most conservative investors. As long as utilities don't load up on debt or make bad investment choices, dividend investors can usually count on a utility to keep paying its dividend in good economic times and bad. And this is also why they tend to be viewed as safe-haven investments when times get tough, allowing investors a respite from the broader storms hitting the market. But utilities aren't immune to downturns; their businesses are just better able to handle the hit.
The coronavirus is big
Which brings us to COVID-19, the global pandemic that has, at least for now, altered life as we know it. The big picture story here is that governments around the world, the United States included, have asked people to stay home and forced non-essential businesses to shut their doors. The hope is that we can slow the spread of COVID-19 by making citizens socially distance themselves. Early indications are that the effort is working as planned, but in the process entire economies have been shut down. It's highly probable that there will be a global recession. Because of the nature of what they sell to consumers, utilities are likely to hold up reasonably well.
However, the shut down still has notable implications for utilities. The industry watcher Rocky Mountain Institute recently looked at the changes taking shape in electricity usage and estimated that, depending on the region, electricity demand could fall between 5% and 15%. The big driver here is on the industrial side, because businesses that aren't open aren't using as much power as they once were. Offsetting that a little is an uptick in consumer demand, as people are using more power because they are stuck at home. (Peak demand times are shifting a little, as well.) Different regions are being impacted differently depending on the customer base and the types of industries operating in the area.
For example, Dominion Energy (NYSE: D) has for years seen increased demand from data centers because of the regions it serves. In fact, it is a constant point of discussion on conference calls. During Dominion Energy's fourth quarter 2019 analyst call, for example, the company specifically noted that it added 26 data centers in Virginia -- a record number. That's a key underpinning for the projected 1.2% demand growth projection for the region. With more people working from home, electricity demand from data centers should hold up well. It's not unreasonable to expect the demand hit, and thus the sales and revenue impact, to be somewhat muted for Dominion Energy.
There are other utilities that are also well positioned, like Consolidated Edison (NYSE: ED). The company largely serves the New York City metro area, which would seem like a net negative. Indeed, with the city largely shut down, electricity use by businesses is probably set to plummet. However, Con Ed, like some of its peers, has started charging customers for its delivery services (the use of its poles and wires), essentially passing the costs of electricity directly through to customers. The core of its earnings are the service charges that have to be paid regardless of the amount of power used. So, it's likely that Con Ed's bottom line will hold up reasonably well even as the city that never sleeps looks like it is snoozing.
That said, the demand decline from social distancing mandates is still a big issue to watch. Take, for example, The Southern Company (NYSE: SO), which operates in the Southeastern United States. In 2019 electricity usage by residential customers was roughly a third of its total business. Industrial and commercial customers made up the rest, split about evenly. So two-thirds of its demand base was directly impacted by the government's efforts to combat COVID-19. It wouldn't be surprising to see Southern take a bigger top- and bottom-line hit than some of its peers. For reference, customers designated as commercial and industrial only made up about 20% of Con Ed's electric usage in 2019.
There is one longer-term issue to watch in all of this. Utilities should maintain their track record as good widows and orphan stocks as long as the shutdowns don't drag on for an extended period (think something like a year) or lead to drastic fundamental declines in electricity consumption. Because of the nature of these businesses and the relatively high shareholder payouts in the industry, many utilities don't carry a lot of cash on their balance sheets. Thus, they could have difficulty adjusting to extreme and long natured changes without making downward adjustments to their dividends. There's no telling what happens in the future, of course, but if history is any guide the world will figure out a way to deal with this pandemic and return to something close to "normal." So, for now, there's no particular reason to believe that utilities are headed for a massive market upheaval, but it is something to keep in the back of your mind.
Protected, not immune
The big takeaway here is that the basic utility model provides for strong underlying demand, and growth and spending that are somewhat outside of the typical economic cycle. That allows these companies, generally speaking, to hold up in the face of adversity. However, that doesn't mean that utilities won't be impacted by what is going on around them. COVID-19 is an extreme event and it will definitely have wide-ranging impacts for the economy and utilities. Investors should expect these safe haven stocks to see top- and bottom-line weakness in the near-term, though some will be better positioned to deal with the impact than others based on their individual situations. Conservative long-term investors shouldn't get too caught up in the near-term fluctuations, though those that have bought into the sector in search of a safe port in a storm might want to dig a little deeper to make sure the utility they own is really as safe as they think it is.
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Reuben Gregg Brewer owns shares of Dominion Energy, Inc and Southern Company. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The big picture story here is that governments around the world, the United States included, have asked people to stay home and forced non-essential businesses to shut their doors. Utilities should maintain their track record as good widows and orphan stocks as long as the shutdowns don't drag on for an extended period (think something like a year) or lead to drastic fundamental declines in electricity consumption. Protected, not immune The big takeaway here is that the basic utility model provides for strong underlying demand, and growth and spending that are somewhat outside of the typical economic cycle.
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Utility spending proposals generally span years at a time and hold up reasonably well in the face of recessions and less severe downturns. For example, Dominion Energy (NYSE: D) has for years seen increased demand from data centers because of the regions it serves. With more people working from home, electricity demand from data centers should hold up well.
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The benefits of a protected market Early on it became obvious that having multiple electric utilities serving the same region wasn't a feasible long-term option. As long as utilities don't load up on debt or make bad investment choices, dividend investors can usually count on a utility to keep paying its dividend in good economic times and bad. Utilities should maintain their track record as good widows and orphan stocks as long as the shutdowns don't drag on for an extended period (think something like a year) or lead to drastic fundamental declines in electricity consumption.
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So growth tends to be slow and steady over time, with the government focusing on things like reliability and the long-term supply/demand balance in a given region. With more people working from home, electricity demand from data centers should hold up well. However, that doesn't mean that utilities won't be impacted by what is going on around them.
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699128.0
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2020-04-22 00:00:00 UTC
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Can U.S. Coal-Fired Power Plants Survive the Coronavirus Pandemic?
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https://www.nasdaq.com/articles/can-u.s.-coal-fired-power-plants-survive-the-coronavirus-pandemic-2020-04-22
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Economics have increasingly not favored coal-fired power plants in the United States in the last decade. The rise of low-cost renewables and natural gas, the reality of an aging coal fleet, and the passage of ambitious state policies aimed at reducing carbon emissions have combined to create a difficult operating environment for the nation's dirtiest power source.
The coronavirus pandemic is going to make a bleak situation much, much worse.
In early April, the U.S. Energy Information Administration (EIA) issued its first monthly energy outlook since stay-at-home orders started in the United States. The key takeaway: Coal could produce the lowest amount of electricity since 1960.
Image source: Getty Images.
A worst-case scenario for coal
Coal-fired power plants have had a rough go of things lately. Consider a handful of unflattering statistics spanning total electricity generation, utilization rates, and retirements:
In 2018, the United States retired 13,650 megawatts of coal-fired power capacity. The average age of retired facilities was 46 years, compared to an average retirement age of 60 years in 2011.
Power generation peaks during the summer, but the United States is increasingly giving coal the cold shoulder even when the nation mainly relies on air conditioning. That dropped the full-year 2019 utilization rate of America's coal fleet to just 47.5%, down from 67% a decade ago. Utilization rates in New England fell to just 5% last year.
America's coal-fired power plants generated just 966 terawatt-hours of electricity in 2019. That was the lowest annual output since the late 1970s.
The amount of electricity generated from coal-fired power plants declined by half from 2007 to 2019. According to data compiled by the EIA, a decline of that magnitude had never happened for any power source in any 13-year period since the United States was founded in 1776.
Last year's mild winter led to a 5% year-over-year decline in total U.S. electricity demand in January 2020. Coal-fired power plants were the biggest losers, experiencing a 35% drop in output in that period.
That's the backdrop against which the coronavirus pandemic is unfolding. Earlier this month, the EIA published a short-term energy outlook (STEO) projecting further deterioration of the market environment for coal-fired power plants.
The EIA expects total U.S. electricity demand to fall 3% in 2020 compared to last year. That would mark the second-largest year-over-year decline since the Great Recession in 2009. But not all power sources will be affected equally.
Renewable energy power sources are expected to grow output 11%. That's because wind and solar farms have low operating costs (wind turbines and solar panels don't need fuel), so power generators will be forced to take either natural gas or coal capacity offline to adjust to declining demand (nuclear plants require fuel, but cannot be turned off easily). Surging wind and solar capacity additions from 2019 and 2020 will also help to drive growth.
Older, less efficient fossil-fuel power plants will be the least likely to grow market share. The EIA expects a 1% increase in natural gas-fired power plant output (that might be a little low given recent price trends). Meanwhile, coal-fired power plants are expected to generate 20% less electricity in 2020 than in 2019. That would drop output to the lowest level in 60 years and have major implications for individual investors.
Image source: Getty Images.
Brace for impact on the power sector
Investors have already taken the impact of the coronavirus pandemic into account for coal miners such as Alliance Resource Partners (NASDAQ: ARLP). The coal producer was forced to idle certain mines, suspend its quarterly distribution, and significantly reduce full-year 2020 production guidance. Initially expecting output of about 36.5 million tons this year, the partnership now expects production of only about 28 million tons.
That lines up with broader trends. For the week ending April 11, the country's year-to-date coal production was 18% lower than for the same period in 2019. The EIA expects U.S. coal production to decline 22% from 2019 to 2020, driven by lower domestic demand and declining opportunities for exports to the European Union and India as they deal with health crises of their own.
Investors will also need to consider how the pandemic affects power generators and electric utilities. All will be impacted, but the geographic distribution of renewable energy potential and natural gas infrastructure -- likely to be the most resilient in the face of quickly declining electricity demand -- suggests the impacts could vary widely across the country.
Energy companies that are heavily reliant on renewable energy and don't own many coal assets, such as NextEra Energy and Xcel Energy, might be a little more resilient during the power sector downturn of 2020. The same might apply to companies that lack access to high-quality renewable assets but moved quickly to transition away from coal and toward natural gas.
Take Dominion Energy (NYSE: D) as an example. Coal had a 52% share of the company's power mix in 2005, but just 12% in 2019. That suggests the business should be able to blunt economic risks compared to peers that are more reliant on coal.
Dominion Energy could also benefit from the customer mix of its leading electric utility, Dominion Energy Virginia, which is expected to contribute 47% of total earnings in 2020. The subsidiary leaned on commercial customers for roughly one-third of operating revenue in 2019. While electricity demand among commercial customers is expected to fall 4.7% in 2020 across the U.S., the utility sells nearly 30% of its commercial load to data centers -- a customer group that likely won't see waning demand during the pandemic.
The main takeaway is that investors need to evaluate companies on a case-by-case basis rather than making broad generalizations for the industry.
Can coal recover from a terrible 2020?
The COVID-19 pandemic and policies to mitigate it are expected to significantly reduce total U.S. electricity demand. When combined with milder temperatures and surging capacity for renewable energy power sources, investors can expect coal-fired power plants to struggle in 2020.
While an economic recovery in 2021 or 2022 would be accompanied by an increase in energy consumption, the market share gains made by renewable energy and natural gas might prove permanent, especially considering coal assets will be two or three years older by the time a recovery takes place. Simply put, America's coal fleet has had it rough in recent years, and it might not recover from the coronavirus pandemic.
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Maxx Chatsko 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.
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The rise of low-cost renewables and natural gas, the reality of an aging coal fleet, and the passage of ambitious state policies aimed at reducing carbon emissions have combined to create a difficult operating environment for the nation's dirtiest power source. Power generation peaks during the summer, but the United States is increasingly giving coal the cold shoulder even when the nation mainly relies on air conditioning. Earlier this month, the EIA published a short-term energy outlook (STEO) projecting further deterioration of the market environment for coal-fired power plants.
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Consider a handful of unflattering statistics spanning total electricity generation, utilization rates, and retirements: In 2018, the United States retired 13,650 megawatts of coal-fired power capacity. That's because wind and solar farms have low operating costs (wind turbines and solar panels don't need fuel), so power generators will be forced to take either natural gas or coal capacity offline to adjust to declining demand (nuclear plants require fuel, but cannot be turned off easily). When combined with milder temperatures and surging capacity for renewable energy power sources, investors can expect coal-fired power plants to struggle in 2020.
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That's because wind and solar farms have low operating costs (wind turbines and solar panels don't need fuel), so power generators will be forced to take either natural gas or coal capacity offline to adjust to declining demand (nuclear plants require fuel, but cannot be turned off easily). Energy companies that are heavily reliant on renewable energy and don't own many coal assets, such as NextEra Energy and Xcel Energy, might be a little more resilient during the power sector downturn of 2020. When combined with milder temperatures and surging capacity for renewable energy power sources, investors can expect coal-fired power plants to struggle in 2020.
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The EIA expects total U.S. electricity demand to fall 3% in 2020 compared to last year. Renewable energy power sources are expected to grow output 11%. Meanwhile, coal-fired power plants are expected to generate 20% less electricity in 2020 than in 2019.
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699129.0
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2020-04-19 00:00:00 UTC
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Utility Stocks Aren't Immune to COVID-19's Impact
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https://www.nasdaq.com/articles/utility-stocks-arent-immune-to-covid-19s-impact-2020-04-19
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Utilities usually generate stable revenue, since government entities regulate the rates they charge while demand for electricity and gas typically remains relatively steady even during a recession. Utility stocks therefore tend to outperform other sectors when the economy hits a rough patch.
However, the current downturn from the COVID-19 outbreak is so challenging that it's even having an impact on utilities. That's evident in the performance of the Utilities Select Sector SPDR EFT, which has bounced around quite a bit over the past few weeks. Overall, the average utility stock has lost about 8% of its value this year and 16% from its 2020 peak.
Here's a look at why utility stocks have been under pressure.
Image source: Getty Images.
Scrambling for cash
Because utilities generate steady revenue, they allocate capital differently from most other companies. They usually pay out the majority through dividends -- 65% on average last year -- while relying on debt to help finance growth.
That funding strategy works well in most market conditions. However, with the credit markets going haywire last month, utilities scrambled to raise cash just in case. Overall, they lined up $14 billion in cash and credit by selling bonds or drawing on their credit facilities, often paying a premium for this funding.
NextEra Energy (NYSE: NEE), for example, sold $1.1 billion of five-year notes at a rate more than double what it paid for similar financing in early 2019. American Electric Power (NYSE: AEP), meanwhile, drew on its $1 billion credit line because that was a cheaper way to shore up its cash balance. Duke Energy (NYSE: DUK) and Dominion Energy (NYSE: D) both secured new bank financing as well as issuing some additional bonds. These moves will help ensure they have the funding needed to maintain and expand their operations during these uncertain times.
Rate increases at risk
Because government entities regulate rates, utilities need to get approval for increases. According to an estimate from Moody's, utilities have requested $6.4 billion in rate increases that are currently pending. Duke has the largest request at $1.5 billion, followed by Edison International (NYSE: EIX) at $1.3 billion.
Given the impact COVID-19 is having on the economy, including skyrocketing unemployment, regulators might not approve these increases at this time. If they don't, then those companies might not grow their earnings or their dividends.
Demand is under pressure
While electricity consumption tends to remain relatively steady throughout a recession, that hasn't been the case during the COVID-19 outbreak. Because of the restrictions on nonessential businesses, power demand in the country fell 6.1% in early April from the year-ago level. That put electricity consumption at its lowest point since 2003, according to an analysis from the Edison Electric Institute. Meanwhile, the U.S. Energy Information Administration expects electric demand to fall by 3% overall this year because of business closures.
That demand decline will probably disrupt utility operations for at least the next 18 months, according to the latest outlook from Wood Mackenzie. It will probably cause more companies to retire aging and expensive fossil fuel power plants as well as reduce investments on energy efficiency projects and new renewable energy capacity.
American Electric Power has already warned that the COVID-19 outbreak will probably adversely affect its financial results. It also said it might not be able to complete some maintenance and capital projects because of supply shortages as a result of the pandemic's impact on the global supply chain. Dominion, meanwhile, plans to retire two power plants in Virginia -- one coal-fired and the other oil-fired. One factor driving the early closures -- which will force the company to take abandonment charges of $500 million to $650 million -- is lower power prices as a result of the COVID-19 outbreak.
Expect some impact on growth
Most large electric utilities expected to grow their earnings and dividends at a mid-single-digit annual pace over the next few years. However, with the COVID-19 outbreak affecting so many aspects of the sector, it will be harder for them to achieve those forecasts. That could cause utility stocks to remain uncharacteristically volatile until the economy gets back on solid ground.
10 stocks we like better than Duke Energy
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*Stock Advisor returns as of April 16, 2020
Matthew DiLallo owns shares of Moody's and NextEra Energy. The Motley Fool owns shares of and recommends Moody's. 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.
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Utilities usually generate stable revenue, since government entities regulate the rates they charge while demand for electricity and gas typically remains relatively steady even during a recession. NextEra Energy (NYSE: NEE), for example, sold $1.1 billion of five-year notes at a rate more than double what it paid for similar financing in early 2019. American Electric Power (NYSE: AEP), meanwhile, drew on its $1 billion credit line because that was a cheaper way to shore up its cash balance.
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Utilities usually generate stable revenue, since government entities regulate the rates they charge while demand for electricity and gas typically remains relatively steady even during a recession. Rate increases at risk Because government entities regulate rates, utilities need to get approval for increases. The Motley Fool recommends Dominion Energy, Inc and NextEra Energy.
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Utilities usually generate stable revenue, since government entities regulate the rates they charge while demand for electricity and gas typically remains relatively steady even during a recession. 10 stocks we like better than Duke Energy When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Matthew DiLallo owns shares of Moody's and NextEra Energy.
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Here's a look at why utility stocks have been under pressure. However, with the credit markets going haywire last month, utilities scrambled to raise cash just in case. The Motley Fool recommends Dominion Energy, Inc and NextEra Energy.
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699130.0
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2020-04-15 00:00:00 UTC
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HDV, D, SLB, SO: ETF Outflow Alert
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https://www.nasdaq.com/articles/hdv-d-slb-so%3A-etf-outflow-alert-2020-04-15
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core High Dividend ETF (Symbol: HDV) where we have detected an approximate $111.1 million dollar outflow -- that's a 1.8% decrease week over week (from 78,250,000 to 76,850,000). Among the largest underlying components of HDV, in trading today Dominion Energy Inc (Symbol: D) is down about 3.2%, Schlumberger Ltd (Symbol: SLB) is down about 7.7%, and Southern Company (Symbol: SO) is lower by about 5%. For a complete list of holdings, visit the HDV Holdings page » The chart below shows the one year price performance of HDV, versus its 200 day moving average:
Looking at the chart above, HDV's low point in its 52 week range is $61.04 per share, with $98.49 as the 52 week high point — that compares with a last trade of $76.62. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the HDV Holdings page » The chart below shows the one year price performance of HDV, versus its 200 day moving average: Looking at the chart above, HDV's low point in its 52 week range is $61.04 per share, with $98.49 as the 52 week high point — that compares with a last trade of $76.62. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the HDV Holdings page » The chart below shows the one year price performance of HDV, versus its 200 day moving average: Looking at the chart above, HDV's low point in its 52 week range is $61.04 per share, with $98.49 as the 52 week high point — that compares with a last trade of $76.62. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core High Dividend ETF (Symbol: HDV) where we have detected an approximate $111.1 million dollar outflow -- that's a 1.8% decrease week over week (from 78,250,000 to 76,850,000). For a complete list of holdings, visit the HDV Holdings page » The chart below shows the one year price performance of HDV, versus its 200 day moving average: Looking at the chart above, HDV's low point in its 52 week range is $61.04 per share, with $98.49 as the 52 week high point — that compares with a last trade of $76.62. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the HDV Holdings page » The chart below shows the one year price performance of HDV, versus its 200 day moving average: Looking at the chart above, HDV's low point in its 52 week range is $61.04 per share, with $98.49 as the 52 week high point — that compares with a last trade of $76.62. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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699131.0
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2020-04-05 00:00:00 UTC
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3 Utilities to Buy While Others Are Fearful
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https://www.nasdaq.com/articles/3-utilities-to-buy-while-others-are-fearful-2020-04-05
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Wall Street fell into a bear market in just a few weeks and then bounced back in just a few days, jumping by more than 20% in record time. And now stock prices are falling again. To suggest that this is an uncertain time for stocks would be an understatement. We all know that COVID-19 is the primary reason for the volatility, which is extra disheartening because it appears that the full impact of this virus is yet to be seen. Investors are understandably on edge.
It's time like these that boring utilities stand out. The bear market took some of the biggest names in the space down with it, including Duke Energy (NYSE: DUK), Southern Company (NYSE: SO), and Dominion Energy (NYSE: D), but these utilities are all worth a closer look today. Here's why.
1. Regulation makes these utilities boring
At the core of each of these companies are regulated utilities, including both electricity and natural gas. The key here is that regulated utilities get a monopoly in the regions they serve, but must get their rates approved by the government. There is a lot of give and take when it comes to agreeing on rates, but the big takeaway today is that the prices Duke, Southern, and Dominion can charge are decided upon outside of the normal ups and downs of the economy. Rate agreements, meanwhile, generally cover multiple years, so there's also continuity to these decisions that can help utilities get through weak economic periods.
Image source: Getty Images
One of the important things here is that regulators are looking closely at things like system reliability and long-term demand growth. Customers costs are, obviously, a factor, but that is balanced against the greater good of ensuring access to reliable energy. So while growth for this trio of utilities will be slow and steady, hampered by government regulation, financial results are also afforded some protection because of that very same regulation. They are slow and steady businesses by design, which can be an attractive thing in volatile times.
2. There could be a COVID-19 hit
So the core of the utility model is pretty strong, particularly at industry giants like Duke, Southern, and Dominion. However, investors need to understand that the top line is still driven by demand, so an economic downturn will lead to lower sales and earnings results. COVID-19 has led states across the country to shut down non-essential businesses in an effort to contain the spread of the virus, and a recession is looking increasingly likely.
Assuming that the United States does, indeed, see an economic downturn, all three of these utilities will likely experience weak demand and drops in sales and earnings. However, the core business model won't be impacted and financial performance should recover along with economic activity. Energy, be it electricity or natural gas, is something that the modern world can't live without. That's why these companies have a material amount of staying power.
3. Still growing, even in tough times
Because of the long-term nature of energy demand and the government oversight here, Duke, Southern, and Dominion all have material, long-term spending plans in place. They are unlikely to change in a major way because of a recession, since the spending is largely for regulator-approved purposes that help ensure that customers' lights (and heat) stay on.
Duke currently has $56 billion worth of capital investments in the works between 2020 and 2024, up from a five-year plan of $50 billion last year. Southern plans on spending $40 billion over that same span, including completing the construction of the only new nuclear power plants being built in the United States today. Dominion last updated its capital investment plans in 2019, with a five-year total of around $17 billion through 2023. It has highlighted 2020 spending of $8 billion (roughly 70% of which is earmarked for growth), but won't update its five-year plan through 2024 until May. That said, it also has big plans for future spending, including a massive offshore wind farm.
The projects these companies envision today may not all get built (situations do change), but most of that spending will likely get done because it is vital to the U.S. power grid. And that will set the utilities up for continued business growth, regardless of what is happening on Wall Street.
4. Stock drops and dividend yields
At the end of 2019 utility stocks rose dramatically along with the market. When the COVID-19 bear market hit, they fell dramatically along with the market. And now Duke, Southern, and Dominion are between 22% and 28% below recent highs, tracking roughly along with the broader utility group, as measured by Vanguard Utilities ETF.
D data by YCharts
After bouncing off the lows reached in mid-March, it wouldn't be fair to say these utilities were bargain-basement deals today. However, their yields are back up to a point where dividend-focused investors looking for stable businesses should be interested. Duke's dividend yield is roughly 4.5%, Southern's is 4.3%, and Dominion's is 4.9%. For comparison, the S&P 500 Index's yield is only 1.9%, and the average for the utility group is around 3%. These giants always tend to have relatively high yields compared to the average utility, given that they are slow-growing behemoths that have historically made ample use of leverage (which isn't really unusual in the utility space given the asset-heavy business model and consistent revenue).
Each of these utilities, meanwhile, has a solid history of increasing dividends regularly. Duke has increased its dividend annually for 15 consecutive years, Southern for 19, and Dominion for 16. At this point there's no particular reason to expect these streaks to end, even with COVID-19 and the likely recession that's coming. Southern and Duke have payout ratios of roughly 55% and 70%, respectively. And while Dominion's payout ratio is a worrying 220%, there are one-time items that have impacted earnings over the last few years, including acquisitions and asset sales. The company reckons its payout ratio is really in the high-80% range. Its goal is to get that down to the 70% level over time, which is roughly the average for the utility industry. Southern's payout ratio, meanwhile, is low because of one-time items. It's likely to be closer to the 70% area over time as well. All in all, however, these dividends appear well supported.
Time for a deep dive
There are differences between Duke, Southern, and Dominion that might make one a better choice than the others for you, so you need to take a closer look at each name here before picking one. However, with big yields, stable businesses, and still-solid growth prospects, these utilities might be just what income-focused investors are looking for to ride out the volatile times on Wall Street today.
10 stocks we like better than Southern Company
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*Stock Advisor returns as of March 18, 2020
Reuben Gregg Brewer owns shares of Dominion Energy, Inc and Southern Company. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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There is a lot of give and take when it comes to agreeing on rates, but the big takeaway today is that the prices Duke, Southern, and Dominion can charge are decided upon outside of the normal ups and downs of the economy. Southern plans on spending $40 billion over that same span, including completing the construction of the only new nuclear power plants being built in the United States today. However, with big yields, stable businesses, and still-solid growth prospects, these utilities might be just what income-focused investors are looking for to ride out the volatile times on Wall Street today.
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The bear market took some of the biggest names in the space down with it, including Duke Energy (NYSE: DUK), Southern Company (NYSE: SO), and Dominion Energy (NYSE: D), but these utilities are all worth a closer look today. However, the core business model won't be impacted and financial performance should recover along with economic activity. Still growing, even in tough times Because of the long-term nature of energy demand and the government oversight here, Duke, Southern, and Dominion all have material, long-term spending plans in place.
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The bear market took some of the biggest names in the space down with it, including Duke Energy (NYSE: DUK), Southern Company (NYSE: SO), and Dominion Energy (NYSE: D), but these utilities are all worth a closer look today. Still growing, even in tough times Because of the long-term nature of energy demand and the government oversight here, Duke, Southern, and Dominion all have material, long-term spending plans in place. And now Duke, Southern, and Dominion are between 22% and 28% below recent highs, tracking roughly along with the broader utility group, as measured by Vanguard Utilities ETF.
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Stock drops and dividend yields At the end of 2019 utility stocks rose dramatically along with the market. Duke's dividend yield is roughly 4.5%, Southern's is 4.3%, and Dominion's is 4.9%. Duke has increased its dividend annually for 15 consecutive years, Southern for 19, and Dominion for 16.
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699132.0
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2020-04-01 00:00:00 UTC
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Notable ETF Outflow Detected - IDU, D, AEP, EXC
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-idu-d-aep-exc-2020-04-01
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Utilities ETF (Symbol: IDU) where we have detected an approximate $138.1 million dollar outflow -- that's a 14.2% decrease week over week (from 7,050,000 to 6,050,000). Among the largest underlying components of IDU, in trading today Dominion Energy Inc (Symbol: D) is down about 4.2%, American Electric Power Co Inc (Symbol: AEP) is off about 3.1%, and Exelon Corp (Symbol: EXC) is lower by about 5.7%. For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average:
Looking at the chart above, IDU's low point in its 52 week range is $109.275 per share, with $177.36 as the 52 week high point — that compares with a last trade of $131.59. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average: Looking at the chart above, IDU's low point in its 52 week range is $109.275 per share, with $177.36 as the 52 week high point — that compares with a last trade of $131.59. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average: Looking at the chart above, IDU's low point in its 52 week range is $109.275 per share, with $177.36 as the 52 week high point — that compares with a last trade of $131.59. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Utilities ETF (Symbol: IDU) where we have detected an approximate $138.1 million dollar outflow -- that's a 14.2% decrease week over week (from 7,050,000 to 6,050,000). For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average: Looking at the chart above, IDU's low point in its 52 week range is $109.275 per share, with $177.36 as the 52 week high point — that compares with a last trade of $131.59. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Utilities ETF (Symbol: IDU) where we have detected an approximate $138.1 million dollar outflow -- that's a 14.2% decrease week over week (from 7,050,000 to 6,050,000). For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average: Looking at the chart above, IDU's low point in its 52 week range is $109.275 per share, with $177.36 as the 52 week high point — that compares with a last trade of $131.59. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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699133.0
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2020-03-30 00:00:00 UTC
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7 Utility Stocks to Buy That Offer Juicy Dividends
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https://www.nasdaq.com/articles/7-utility-stocks-to-buy-that-offer-juicy-dividends-2020-03-30
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
[Editor’s note: “7 Utility Stocks to Buy That Offer Juicy Dividends” was previously published in February 2020. It has since been updated to include the most relevant information available.]
When growth is going, people look askance at utilities.
They’re boring. They aren’t big growers. They’re reliable.
I remember when the dot-com boom was near its height; there were plenty of brokers and financial talking heads saying growth was the new income. They told investors to ditch their boring utilities and total return stocks and get into the growth names.
We see how that turned out.
Having rock-solid companies underpin your portfolio may not be sexy, but it is practical and profitable. And it’s especially valuable in markets like this one.
7 Strong Stocks to Buy to Survive the Coronavirus Crisis
Even though I run a newsletter called Growth Investor, I’ll be the first to tell you that long-term investing success is all about balance. While growth stocks may be more fun, having some surefire security names also will feel good in the long-term. And even in the short-term, it will feel good if things get dicey.
These seven utility stocks with juicy dividends fit that bill, and they all are Portfolio Grader “buy” rated.
Utility Stocks to Buy: Dominion Energy (D)
Source: ying / Shutterstock.com
Dividend Yield: 5.15%
Dominion Energy (NYSE:D) is a diversified utility that operates its primary electric utility business in Virginia and in some parts of the Carolinas.
That means it encompasses the Washington, D.C. metropolitan area including the Pentagon as well as a key point of the internet’s backbone. It also includes the Tidewater area where one of the U.S. Navy’s biggest ports is and one of the world’s largest shipyards. It has 7.5 million customers
It has a very good relationship with state regulators and has a reliable, regulated business.
Its growth kicker is its unregulated business. That’s where can sell its energy and natural resources (like natural gas) on the free market to states and industries. Dominion is a big player in natural gas. And it has a natural gas terminal in Maryland where it’s preparing to export liquefied natural gas (LNG) abroad where prices are much higher.
It is also moving aggressively into renewables that it can then sell to other utilities or wholesale customers for tax credits.
The stock delivers a rich and reliable 5.15% dividend.
NextEra Energy Partners (NEP)
Source: madamF / Shutterstock.com
Dividend Yield: 2.4%
NextEra Energy Partners (NYSE:NEP) is a limited partnership that was spun off of the Florida-based utility NextEra Energy (NYSE:NEE).
Basically, NEE uses NEP to run its renewable energy business. And it’s going pretty well, since NEE is the world’s largest producer of wind and solar energy. That means NEP is the division that’s getting it done.
Renewables are in very big demand now, and not just because they’re a feel-good choice. Given some of the challenges with fossil fuels, renewables in their current state are more reliable options and can be cheaper than fossil fuels. And it looks like that trend will continue.
Since this is the unregulated side of the business, NEP sells its energy all over the country, as well as to its parent company.
7 Strong Stocks to Buy to Survive the Coronavirus Crisis
The limited partnership status means it pays its net revenue to shareholders in the form of a dividend, which now sits at 2.4%. The stock is up 22% in the past year. So, while I certainly believe in owning Elite Dividend Payers (and have an entire set of recommendations with the name), at Growth Investor, NextEra’s investor shares are actually one of our High-Growth Investments.
Duke Energy (DUK)
Source: jadimages / Shutterstock.com
Dividend Yield: 4.7%
Duke Energy (NYSE:DUK) is another major Southern utility. It has been around since 1900 and has more than 7.7 million subscribers to its regulated business.
Its regulated service area is the Carolinas, but it has unregulated operations across the U.S. and in Canada as well.
Duke was one of the pioneers in renewable energy, which had a mixed impact. At the time, pursuing renewables was expensive and didn’t get any support from government regulators.
Most other utilities shied away, and what Duke did build was more for experiment than profit.
But now, it is a leader in the field and is benefiting from its experiences in the sector. Like many Mid-Atlantic and Southern utilities, it also operates nuclear facilities and has a robust natural gas business as well.
The stock offers a rock-solid 4.7% dividend yield.
TerraForm Power (TERP)
Source: Shutterstock
Dividend Yield: 5.3%
TerraForm Power (NASDAQ:TERP) is a new-generation energy company. It isn’t a utility, but a power company.
The easiest way to think about TERP is like a modern version of an oil company, but with renewable resources. It has wind and solar farms across the U.S. and Western Europe, and it then sells that power to utilities and industries.
The two compelling arguments for this kind of company now are both financial. First, many companies and utilities need to offset their carbon emissions with clean energy but don’t want to build and operate their own renewable sites.
Second, the price of renewable energy is now competitive with many older fossil fuels. And companies get tax credits for using the electricity generated from wind and solar.
7 Strong Stocks to Buy to Survive the Coronavirus Crisis
TerraForm doesn’t have a regulated side of its business, which helps in this market.
It sports an impressive 5.3% dividend as well. Just remember it has a $3.4 billion market capitalization, so it’s on the small side when it comes to utilities or utility-heavy businesses.
Southern Company (SO)
Source: 360b / Shutterstock.com
Dividend Yield: 4.4%
Southern Company (NYSE:SO) is one of the bluest of all blue-chip electric utilities. Its brethren on the East Coast — Dominion and Duke — are arguably the most solid big utilities in the U.S.
Like the others, Southern is big, diversified and knows how to manage its businesses during any economic cycle. That’s the kind of business model that tends to do well in my stock-picking system. Southern is also the only utility in the country that is actually building a new nuclear reactor.
And even when that project went sideways a couple years back, Southern grabbed the reins and got it back on track, barely missing a beat.
It has 9 million gas and utility customers across six southern states and has power plants in several others. Its $59 billion market cap gives you an idea of its size.
The stock is up 9% in the last year, yet it’s trading at a trailing price-to-earnings ratio of 12.5. It also has a rich and reliable 4.4% dividend yield.
Clearway Energy (CWEN)
Source: Pavel Kapysh / Shutterstock.com
Dividend Yield: 4.3%
Clearway Energy (NASDAQ:CWEN) is another 21st century power company that solely focuses on renewable energy resources. It has facilities in 25 states and generates 4.3 gigawatts of power that it sells in the unregulated market across the U.S.
Its operations allow its customers to offset about 9 million tons of carbon dioxide a year in carbon taxes and renewables incentives. It also has a small portfolio of geothermal operations.
CWEN stock is one of the small companies listed here, with about $2.4 billion in market cap. That’s still a decent sized company and it’s in a growth industry, so its growth is crucial to its long-term success at this point.
7 Strong Stocks to Buy to Survive the Coronavirus Crisis
And that growth seems to be going well. The stock is up 22% in the past year, while still delivering a healthy 4.3% dividend. It’s one of the more aggressive choices, but continues to hit all the right notes.
FirstEnergy (FE)
Source: IgorGolovniov / Shutterstock.com
Dividend Yield: 4%
FirstEnergy (NYSE:FE) is a big Midwestern utility that came into being in 1996 when Ohio Edison bought Centerior Energy.
It currently has regulated operations in Ohio, Pennsylvania, West Virginia, Virginia, Maryland and New Jersey, with 6 million customers. It operates in some of the more far-flung states as a result of acquisitions of local and regional power companies.
In 2018, its power generation subsidiary FirstEnergy Solutions filed for bankruptcy, looking to close some coal-fired plants and its nukes. This has little bearing on parent FirstEnergy and continues to wind its way through the courts for various regulatory reasons.
The company has solid, diversified markets across a number of states, which is helpful. With a $20.9 billion market cap, it’s a solid company.
The stock has a reliable 4% dividend yield. It just goes to show, as any Growth Investor subscriber can tell you, there is no need to choose between growth and income; you can find both.
An AI Company That Is Poised to Outperform
Outside of utilities, there’s one company in particular that I expect to do exceptionally well this year. It’s a growth stock in the artificial intelligence (AI) space and it offers a dividend, so it offers a rare one-two punch of high growth and income, just like the stocks I talked about today.
I call it my AI Master Key.
It is the company that makes the “brain” that all AI software needs to function, spot patterns and interpret data.
I’ll tell you everything you need to know, as well as my buy recommendation, in my special report for Growth Investor, The A.I. Master Key. The stock is currently sitting pretty with about a 45% return on my Growth Investor Buy List, but it still under my buy limit price — so you’ll want to sign up now. That way, you can get in while you can still do so cheaply.
I also recently recommended a new AA-rated Elite Dividend Payers stock. It’s in the insurance industry and has paid a dividend for a whopping 105 consecutive quarters.
Click here to learn more about my Growth Investor research.
Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.
The post 7 Utility Stocks to Buy That Offer Juicy Dividends appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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7 Strong Stocks to Buy to Survive the Coronavirus Crisis Even though I run a newsletter called Growth Investor, I’ll be the first to tell you that long-term investing success is all about balance. 7 Strong Stocks to Buy to Survive the Coronavirus Crisis The limited partnership status means it pays its net revenue to shareholders in the form of a dividend, which now sits at 2.4%. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett.
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Utility Stocks to Buy: Dominion Energy (D) Source: ying / Shutterstock.com Dividend Yield: 5.15% Dominion Energy (NYSE:D) is a diversified utility that operates its primary electric utility business in Virginia and in some parts of the Carolinas. NextEra Energy Partners (NEP) Source: madamF / Shutterstock.com Dividend Yield: 2.4% NextEra Energy Partners (NYSE:NEP) is a limited partnership that was spun off of the Florida-based utility NextEra Energy (NYSE:NEE). Duke Energy (DUK) Source: jadimages / Shutterstock.com Dividend Yield: 4.7% Duke Energy (NYSE:DUK) is another major Southern utility.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips [Editor’s note: “7 Utility Stocks to Buy That Offer Juicy Dividends” was previously published in February 2020. Utility Stocks to Buy: Dominion Energy (D) Source: ying / Shutterstock.com Dividend Yield: 5.15% Dominion Energy (NYSE:D) is a diversified utility that operates its primary electric utility business in Virginia and in some parts of the Carolinas. NextEra Energy Partners (NEP) Source: madamF / Shutterstock.com Dividend Yield: 2.4% NextEra Energy Partners (NYSE:NEP) is a limited partnership that was spun off of the Florida-based utility NextEra Energy (NYSE:NEE).
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It has 7.5 million customers It has a very good relationship with state regulators and has a reliable, regulated business. It has 9 million gas and utility customers across six southern states and has power plants in several others. The stock has a reliable 4% dividend yield.
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699134.0
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2020-03-25 00:00:00 UTC
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How The Pieces Add Up: OVOL Targets $36
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https://www.nasdaq.com/articles/how-the-pieces-add-up%3A-ovol-targets-%2436-2020-03-25
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco Russell 1000—Low Volatility Factor ETF (Symbol: OVOL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $36.41 per unit.
With OVOL trading at a recent price near $27.30 per unit, that means that analysts see 33.33% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of OVOL's underlying holdings with notable upside to their analyst target prices are Crown Castle International Corp (Symbol: CCI), Cerner Corp. (Symbol: CERN), and Dominion Energy Inc (Symbol: D). Although CCI has traded at a recent price of $123.71/share, the average analyst target is 36.00% higher at $168.25/share. Similarly, CERN has 35.51% upside from the recent share price of $58.42 if the average analyst target price of $79.17/share is reached, and analysts on average are expecting D to reach a target price of $88.28/share, which is 34.44% above the recent price of $65.67. Below is a twelve month price history chart comparing the stock performance of CCI, CERN, and D:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco Russell 1000—Low Volatility Factor ETF OVOL $27.30 $36.41 33.33%
Crown Castle International Corp CCI $123.71 $168.25 36.00%
Cerner Corp. CERN $58.42 $79.17 35.51%
Dominion Energy Inc D $65.67 $88.28 34.44%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although CCI has traded at a recent price of $123.71/share, the average analyst target is 36.00% higher at $168.25/share. Invesco Russell 1000—Low Volatility Factor ETF OVOL $27.30 $36.41 33.33% Crown Castle International Corp CCI $123.71 $168.25 36.00% Cerner Corp. CERN $58.42 $79.17 35.51% Dominion Energy Inc D $65.67 $88.28 34.44% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments?
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For the Invesco Russell 1000—Low Volatility Factor ETF (Symbol: OVOL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $36.41 per unit. Three of OVOL's underlying holdings with notable upside to their analyst target prices are Crown Castle International Corp (Symbol: CCI), Cerner Corp. (Symbol: CERN), and Dominion Energy Inc (Symbol: D). Invesco Russell 1000—Low Volatility Factor ETF OVOL $27.30 $36.41 33.33% Crown Castle International Corp CCI $123.71 $168.25 36.00% Cerner Corp. CERN $58.42 $79.17 35.51% Dominion Energy Inc D $65.67 $88.28 34.44% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. Similarly, CERN has 35.51% upside from the recent share price of $58.42 if the average analyst target price of $79.17/share is reached, and analysts on average are expecting D to reach a target price of $88.28/share, which is 34.44% above the recent price of $65.67. A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. With OVOL trading at a recent price near $27.30 per unit, that means that analysts see 33.33% upside for this ETF looking through to the average analyst targets of the underlying holdings. Invesco Russell 1000—Low Volatility Factor ETF OVOL $27.30 $36.41 33.33% Crown Castle International Corp CCI $123.71 $168.25 36.00% Cerner Corp. CERN $58.42 $79.17 35.51% Dominion Energy Inc D $65.67 $88.28 34.44% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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699135.0
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2020-03-23 00:00:00 UTC
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Monday Sector Laggards: Financial, Utilities
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https://www.nasdaq.com/articles/monday-sector-laggards%3A-financial-utilities-2020-03-23
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Looking at the sectors faring worst as of midday Monday, shares of Financial companies are underperforming other sectors, showing a 5.8% loss. Within the sector, Truist Financial Corp (Symbol: TFC) and CBRE Group Inc (Symbol: CBRE) are two large stocks that are lagging, showing a loss of 13.0% and 12.5%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 6.3% on the day, and down 42.46% year-to-date. Truist Financial Corp, meanwhile, is down 52.79% year-to-date, and CBRE Group Inc, is down 51.10% year-to-date. TFC makes up approximately 2.1% of the underlying holdings of XLF.
The next worst performing sector is the Utilities sector, showing a 4.8% loss. Among large Utilities stocks, Dominion Energy Inc (Symbol: D) and Consolidated Edison Inc (Symbol: ED) are the most notable, showing a loss of 11.6% and 11.1%, respectively. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 6.8% in midday trading, and down 31.00% on a year-to-date basis. Dominion Energy Inc , meanwhile, is down 27.09% year-to-date, and Consolidated Edison Inc, is down 27.85% year-to-date. Combined, D and ED make up approximately 11.0% 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, none of the sectors are up on the day, while nine sectors are down.
SECTOR % CHANGE
Technology & Communications -0.8%
Services -2.5%
Industrial -3.1%
Consumer Products -3.3%
Healthcare -4.5%
Materials -4.5%
Energy -4.7%
Utilities -4.8%
Financial -5.8%
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, D and ED make up approximately 11.0% 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. Technology & Communications -0.8% Services -2.5% Industrial -3.1% Consumer Products -3.3% Healthcare -4.5% Materials -4.5% Energy -4.7% Utilities -4.8% Financial -5.8% 25 Dividend Giants Widely Held By ETFs » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Within the sector, Truist Financial Corp (Symbol: TFC) and CBRE Group Inc (Symbol: CBRE) are two large stocks that are lagging, showing a loss of 13.0% and 12.5%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 6.3% on the day, and down 42.46% year-to-date. Among large Utilities stocks, Dominion Energy Inc (Symbol: D) and Consolidated Edison Inc (Symbol: ED) are the most notable, showing a loss of 11.6% and 11.1%, respectively.
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Within the sector, Truist Financial Corp (Symbol: TFC) and CBRE Group Inc (Symbol: CBRE) are two large stocks that are lagging, showing a loss of 13.0% and 12.5%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 6.3% on the day, and down 42.46% year-to-date. One ETF closely tracking Utilities stocks is the Utilities Select Sector SPDR ETF (XLU), which is down 6.8% in midday trading, and down 31.00% on a year-to-date basis.
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Within the sector, Truist Financial Corp (Symbol: TFC) and CBRE Group Inc (Symbol: CBRE) are two large stocks that are lagging, showing a loss of 13.0% and 12.5%, respectively. Among financial ETFs, one ETF following the sector is the Financial Select Sector SPDR ETF (Symbol: XLF), which is down 6.3% on the day, and down 42.46% year-to-date. Looking at the sectors faring worst as of midday Monday, shares of Financial companies are underperforming other sectors, showing a 5.8% loss.
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699136.0
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2020-03-23 00:00:00 UTC
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D May 15th Options Begin Trading
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D
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https://www.nasdaq.com/articles/d-may-15th-options-begin-trading-2020-03-23
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nan
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nan
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Investors in Dominion Energy Inc (Symbol: D) saw new options become available today, for the May 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the D options chain for the new May 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $60.00 strike price has a current bid of $4.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $60.00, but will also collect the premium, putting the cost basis of the shares at $55.30 (before broker commissions). To an investor already interested in purchasing shares of D, that could represent an attractive alternative to paying $62.55/share today.
Because the $60.00 strike represents an approximate 4% 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 63%. 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 7.83% return on the cash commitment, or 53.95% 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 $60.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $67.50 strike price has a current bid of $2.75. If an investor was to purchase shares of D stock at the current price level of $62.55/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $67.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 12.31% if the stock gets called away at the May 15th 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 $67.50 strike highlighted in red:
Considering the fact that the $67.50 strike represents an approximate 8% 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 71%. 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 4.40% boost of extra return to the investor, or 30.28% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 83%, while the implied volatility in the call contract example is 77%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $62.55) to be 36%. 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.
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Because the $60.00 strike represents an approximate 4% 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 $67.50 strike highlighted in red: Considering the fact that the $67.50 strike represents an approximate 8% 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.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc , and highlighting in green where the $60.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $67.50 strike price has a current bid of $2.75. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 71%.
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Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc , and highlighting in green where the $60.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $67.50 strike price has a current bid of $2.75. Below is a chart showing D's trailing twelve month trading history, with the $67.50 strike highlighted in red: Considering the fact that the $67.50 strike represents an approximate 8% 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).
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Should the contract expire worthless, the premium would represent a 7.83% return on the cash commitment, or 53.95% 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 $60.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $67.50 strike price has a current bid of $2.75. Below is a chart showing D's trailing twelve month trading history, with the $67.50 strike highlighted in red: Considering the fact that the $67.50 strike represents an approximate 8% 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.
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699137.0
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2020-03-22 00:00:00 UTC
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Why Is This Utility Company Championing New School Buses?
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D
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https://www.nasdaq.com/articles/why-is-this-utility-company-championing-new-school-buses-2020-03-22
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nan
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nan
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Dominion Energy (NYSE: D) is one of the country's largest electric and natural gas utilities. It has shifted and changed over time, most recently exiting the oil and gas exploration business roughly a decade ago.
So, really, the idea that it is buying school buses isn't as outlandish as it might sound at first. However, far from just accepting this, it pays to dig in and get a better understanding of why Dominion is doing what it's doing. In the end, the utility isn't looking to be a transportation company -- it's just looking to be a better utility. Here's what you need to know.
The core of the business
Dominion Energy is a typical boring utility these days, owning electric and natural gas assets across 18 states that serve around seven million customers. That said, it can make aggressive moves at times, like building a liquified natural gas export facility, or -- on a larger scale -- buying financially troubled SCANA at the start of 2019. SCANA got itself into a mess after it canceled plans to build a nuclear power plant following the bankruptcy of its contractor, Westinghouse. It wasn't exactly a smooth transaction for Dominion, given that SCANA's customers and regulators were displeased with the financial impact of the nuclear plant cancellation. But Dominion was persistent, and after some negotiation it managed to get the deal done, expanding its reach into additional high-growth markets.
Image source: Getty Images
The flip side of moves like these is that Dominion's leverage and payout ratio are on the high side for a utility at this point. That's led the company to pull back on dividend growth plans until this pair of issues has been dealt with, and dividend hikes are likely to track along in the low-single digits for at least a few years. Leverage, meanwhile, isn't an easy issue to fix because of the nature of the utility sector. Dominion needs to keep spending money on capital investment projects in order to appease the regulators that control the rates it can charge customers. Over time, though, increased earnings should help to reduce leverage.
Spending money to make money is just par for the course in the regulated utility space, however. In 2020 alone Dominion intends to spend around $8 billion, with roughly 30% earmarked for maintenance spending and the rest targeted to growth. Both are important, given that regulators look at reliability and the need for expansion when they consider rates.
The 2050 goal
That's where we get to Dominion's school bus aspirations. One of the biggest issues in the world today (other than COVID-19) is protecting the environment. Spending on things that help do this is likely to be viewed positively by regulators. Dominion, for example, has pledged to have net zero carbon and methane emissions across both its electric and natural gas businesses by 2050. A laudable goal for sure -- whether or not it is achievable is another issue. But it certainly puts a clean-energy (and hopefully regulator-friendly) spin on the growth investments that Dominion is making.
Dominion's clean energy efforts include a vast array of things, such as working to build a massive offshore wind farm, attempting to turn animal waste into a reliable (and disgusting but renewable) source of natural gas, and buying 50 school buses. Some of these efforts are bigger than others, and some may fall short of their goals. But Dominion is clearly working hard and in varied ways to live up to the zeitgeist of the moment and to appease its various regulators. It has already reduced carbon emissions by 47% since 2005, and methane, an even more troublesome greenhouse gas, by 24%.
Image source: Dominion Energy
The bus move is interesting because it speaks to a much bigger opportunity. As you might expect, the buses are going to be battery powered. Since they are fleet vehicles with predetermined routes (and thus well-defined power needs), electrification makes a good deal of sense. By 2025 Dominion hopes to have the fleet up to 1,500 buses. The first level here is pretty obvious: Electric busses reduce the harmful emissions that would normally go with combustion engines. The second level is also a net positive for Dominion: electric buses will increase the demand for the electricity the utility sells.
However, it is the third-level view that's the most interesting: When not in use, the buses will act as grid storage. One of the big problems with renewable power, like the wind and solar energy Dominion is increasingly building, is that it is intermittent. Worse, these sources of energy are often creating power at times when it isn't needed. So you risk getting too much power when you don't need it and too little when you do, unless you can find a way to economically store excess electricity for use at later times. Big batteries are one of the methods being looked at on this front, but they are expensive and only do one thing.
Dominion is hoping that its bus program will create a 60 megawatt battery that serves two purposes in one. And that's just the start: The utility estimates that the 1,500-bus goal only accounts for around 12% of the buses in Virginia, where the project is located. So if this pilot program works as planned, there's a lot more room to expand this clean energy effort. In the end, Dominion's intention to buy 50 school buses is much bigger than it seems at first blush.
More than one plan
Dominion has to spend money to make money as it seeks regulator approval for the rates it charges its customers. Today clean energy is an integral part of that spending. There are a lot of different things going on at the utility that are worth watching -- buses are only one small piece of the total picture. However, this effort helps show that Dominion is thinking aggressively and outside the box. There's no way to tell if it can achieve its net-zero 2050 goals at this point, or if the bus idea will work as well as hoped. But if it keeps doing things like buying clean-energy school buses, it will likely continue to keep appeasing its regulators.
Investors should watch the big picture goal here (net zero by 2050), but it pays to understand some of the smaller parts (like buying 50 buses) to see just how Dominion is playing the renewable energy game.
10 stocks we like better than Dominion Energy, Inc
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Dominion Energy, Inc wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Reuben Gregg Brewer owns shares of Dominion Energy, Inc. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The core of the business Dominion Energy is a typical boring utility these days, owning electric and natural gas assets across 18 states that serve around seven million customers. Dominion's clean energy efforts include a vast array of things, such as working to build a massive offshore wind farm, attempting to turn animal waste into a reliable (and disgusting but renewable) source of natural gas, and buying 50 school buses. Investors should watch the big picture goal here (net zero by 2050), but it pays to understand some of the smaller parts (like buying 50 buses) to see just how Dominion is playing the renewable energy game.
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Dominion's clean energy efforts include a vast array of things, such as working to build a massive offshore wind farm, attempting to turn animal waste into a reliable (and disgusting but renewable) source of natural gas, and buying 50 school buses. Image source: Dominion Energy The bus move is interesting because it speaks to a much bigger opportunity. More than one plan Dominion has to spend money to make money as it seeks regulator approval for the rates it charges its customers.
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The core of the business Dominion Energy is a typical boring utility these days, owning electric and natural gas assets across 18 states that serve around seven million customers. Dominion's clean energy efforts include a vast array of things, such as working to build a massive offshore wind farm, attempting to turn animal waste into a reliable (and disgusting but renewable) source of natural gas, and buying 50 school buses. Investors should watch the big picture goal here (net zero by 2050), but it pays to understand some of the smaller parts (like buying 50 buses) to see just how Dominion is playing the renewable energy game.
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Dominion needs to keep spending money on capital investment projects in order to appease the regulators that control the rates it can charge customers. Spending on things that help do this is likely to be viewed positively by regulators. But if it keeps doing things like buying clean-energy school buses, it will likely continue to keep appeasing its regulators.
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699138.0
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2020-03-12 00:00:00 UTC
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D Crosses Above 5% Yield Territory
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D
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https://www.nasdaq.com/articles/d-crosses-above-5-yield-territory-2020-03-12
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dominion Energy Inc (Symbol: D) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.76), with the stock changing hands as low as $69.80 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable. Dominion Energy Inc (Symbol: D) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
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 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 5% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dominion Energy Inc (Symbol: D) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.76), with the stock changing hands as low as $69.80 on the day. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dominion Energy Inc (Symbol: D) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.76), with the stock changing hands as low as $69.80 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. In the case of Dominion Energy Inc , looking at the 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 5% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Dominion Energy Inc (Symbol: D) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.76), with the stock changing hands as low as $69.80 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable.
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Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Dominion Energy Inc (Symbol: D) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
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699139.0
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2020-03-09 00:00:00 UTC
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Why Southern Company Stock Fell 14.3% in February Despite a Strong 2020 Outlook
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D
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https://www.nasdaq.com/articles/why-southern-company-stock-fell-14.3-in-february-despite-a-strong-2020-outlook-2020-03-09
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nan
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nan
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What happened
Southern Company (NYSE: SO) shares tumbled 14.3% in February, according to data provided by S&P Global Market Intelligence. The utility stock kicked off the year on a solid note before a quarterly earnings report on Feb. 20 that missed analysts' estimates -- and the broader market sell-off that followed -- halted the stock's rise.
So what
Southern reported a 7.9% decline in revenue for the fourth quarter. Part of the decline was due to dispositions, including that of Gulf Power, a company Southern sold off to NextEra Energy in January 2019; the sales from that were included in Q4 2018 numbers. A hefty $2.6 billion gain on the sale of Gulf Power drove Southern's full-year 2019 net income to $4.7 billion. On an adjusted basis, though, Southern's 2019 net income rose around 4%. Analysts were expecting stronger top- and bottom-line growth from the company.
Image source: Getty Images.
There were a couple of positive developments in Q4. Southern reportedly brought its main control room at Georgia Power's Vogtle Unit 3 online, as targeted. Vogtle is a major nuclear project that Southern's been striving to build ever since its contractor Westinghouse went bankrupt in 2017.
During the same quarter, Southern sold off its 5% stake in the Atlantic Coast Pipeline project to Dominion Energy, a major natural gas pipeline project that's run into severe cost and time overruns, hurting every company involved in the project. During Southern Company's Q4earnings call (transcript available here), management explained how a 5% stake in an asset wouldn't have "a meaningful impact on Southern's prospective growth" and that the sale helped Southern simplify its business.
Now what
Southern shares are falling further with the market crash. The company's Q4 operational performance and guidance for 2020, however, shouldn't really worry investors. Southern expects adjusted earnings to be $3.10 to $3.22 per share this year, compared with 2019 earnings of $3.11. For the first quarter of 2020, it expects to earn $0.72 per share versus $0.70 earned in the comparable period in 2019.
Management affirmed its long-term earnings-per-share (EPS) growth target of 4% to 6% and planned investment of $40 billion between 2020 and 2024. The EPS goal looks achievable given that 90% of Southern's earnings over the next five years should come from regulated entities. It's just the broader market meltdown that's put the stock under pressure.
10 stocks we like better than Southern Company
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Southern Company wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Neha Chamaria 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.
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What happened Southern Company (NYSE: SO) shares tumbled 14.3% in February, according to data provided by S&P Global Market Intelligence. Southern reportedly brought its main control room at Georgia Power's Vogtle Unit 3 online, as targeted. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Southern Company wasn't one of them!
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Part of the decline was due to dispositions, including that of Gulf Power, a company Southern sold off to NextEra Energy in January 2019; the sales from that were included in Q4 2018 numbers. A hefty $2.6 billion gain on the sale of Gulf Power drove Southern's full-year 2019 net income to $4.7 billion. During the same quarter, Southern sold off its 5% stake in the Atlantic Coast Pipeline project to Dominion Energy, a major natural gas pipeline project that's run into severe cost and time overruns, hurting every company involved in the project.
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During the same quarter, Southern sold off its 5% stake in the Atlantic Coast Pipeline project to Dominion Energy, a major natural gas pipeline project that's run into severe cost and time overruns, hurting every company involved in the project. During Southern Company's Q4earnings call (transcript available here), management explained how a 5% stake in an asset wouldn't have "a meaningful impact on Southern's prospective growth" and that the sale helped Southern simplify its business. 10 stocks we like better than Southern Company When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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The utility stock kicked off the year on a solid note before a quarterly earnings report on Feb. 20 that missed analysts' estimates -- and the broader market sell-off that followed -- halted the stock's rise. Southern expects adjusted earnings to be $3.10 to $3.22 per share this year, compared with 2019 earnings of $3.11. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Neha Chamaria has no position in any of the stocks mentioned.
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699140.0
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2020-03-06 00:00:00 UTC
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DVY, OKE, F, D: ETF Inflow Alert
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D
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https://www.nasdaq.com/articles/dvy-oke-f-d%3A-etf-inflow-alert-2020-03-06
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Select Dividend ETF (Symbol: DVY) where we have detected an approximate $104.1 million dollar inflow -- that's a 0.6% increase week over week in outstanding units (from 174,850,000 to 175,950,000). Among the largest underlying components of DVY, in trading today ONEOK Inc (Symbol: OKE) is off about 4.9%, Ford Motor Co. (Symbol: F) is off about 1.8%, and Dominion Energy Inc (Symbol: D) is lower by about 2.2%. For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average:
Looking at the chart above, DVY's low point in its 52 week range is $89.47 per share, with $107.36 as the 52 week high point — that compares with a last trade of $92.77. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average: Looking at the chart above, DVY's low point in its 52 week range is $89.47 per share, with $107.36 as the 52 week high point — that compares with a last trade of $92.77. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of DVY, in trading today ONEOK Inc (Symbol: OKE) is off about 4.9%, Ford Motor Co. (Symbol: F) is off about 1.8%, and Dominion Energy Inc (Symbol: D) is lower by about 2.2%. For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average: Looking at the chart above, DVY's low point in its 52 week range is $89.47 per share, with $107.36 as the 52 week high point — that compares with a last trade of $92.77. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Select Dividend ETF (Symbol: DVY) where we have detected an approximate $104.1 million dollar inflow -- that's a 0.6% increase week over week in outstanding units (from 174,850,000 to 175,950,000). For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average: Looking at the chart above, DVY's low point in its 52 week range is $89.47 per share, with $107.36 as the 52 week high point — that compares with a last trade of $92.77. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Select Dividend ETF (Symbol: DVY) where we have detected an approximate $104.1 million dollar inflow -- that's a 0.6% increase week over week in outstanding units (from 174,850,000 to 175,950,000). For a complete list of holdings, visit the DVY Holdings page » The chart below shows the one year price performance of DVY, versus its 200 day moving average: Looking at the chart above, DVY's low point in its 52 week range is $89.47 per share, with $107.36 as the 52 week high point — that compares with a last trade of $92.77. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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699141.0
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2020-03-06 00:00:00 UTC
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How Dominion Energy Is Setting Up for Success in a Renewable Future
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https://www.nasdaq.com/articles/how-dominion-energy-is-setting-up-for-success-in-a-renewable-future-2020-03-06
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In recent months, Dominion Energy (NYSE: D) has signed long-term renewable energy contracts with a Virginia university and an entire county. The company also entered into a new deal to supply Amazon.com and won approval from state regulators to test new types of battery storage.
It's time to look at how revenue for contracted renewable energy is figuring into the company's overall financial picture.
Image source: Getty Images.
Powering a university and an entire county
Earlier this year, Dominion entered a power purchase agreement (PPA) with William & Mary, a university in Williamburg, Virginia. The William & Mary agreement will extend for 20 years and will enable the university to source nearly 50% of its power consumption from renewable energy. The university chose the PPA option since it found it too difficult to build on-site solar of any substantive size on campus.
In Arlington County, Virginia, Dominion agreed to provide power from a solar farm in the southern part of the state to help the county surpass its goal of sourcing at least 50% of its power from renewables by 2022. The solar facility is expected to power all county buildings, streetlights, traffic signals, water pumping, and wastewater treatment. "This is a groundbreaking partnership for the county," said the county board chairwoman, Libby Garvey. "It will take us a long way toward our goal of 100% use of renewable sources for all electricity used in government operations by 2025." Arlington County is believed to be first locality in Virginia to sign a large PPA for off-site solar with an investor-owned utility, and it is potentially a trend that could take hold elsewhere. Dominion's efforts in this space are important for a utility looking to maintain profitability over the long term because customers are increasingly gaining access to supply options that are outside the traditional utility "service territory" model. Under a virtual PPA structure, for example, a customer can sign a deal for power credits from a project outside the area where the customer operates. The company can still claim it uses 100% renewable power but is freed from the constraints of a local utility's renewable offerings.
Signing multiple deals with Facebook
Dominion and Facebook said earlier this year they are expanding a joint effort to increase renewable energy generation by constructing a new solar facility in Greensville County, Virginia.
The 100 MW Sadler project is expected to become operational by the end of 2020. The agreement between the companies is structured so Dominion Energy will build, own, and operate the solar facility, and Facebook will purchase the environmental attributes generated. These are tradeable, market-based instruments that represent the rights to one megawatt-hour of renewable electricity generation.
The solar plant will be the eighth Dominion project that will support Facebook's operations in Virginia and South Carolina.
Dominion's deals with Amazon are important because they create a renewable energy buying template that can be expected to be used by other corporations. This is particularly true as more and more companies commit to using 100% renewables. To date, a total of 226 companies have joined Re100, a corporate leadership initiative that aims to bring together businesses committed to 100% renewable electricity.
Testing batteries
In early February, Dominion received approval from the State Corporation Commission to move forward with four battery storage pilot projects in Virginia. The company expects the projects to improve its grid reliability and pave the way for storage technology it will need to support a plan to achieve net zero carbon and methane emissions by 2050.
The four utility-scale battery storage projects totaling 16 megawatts are the largest of their kind in Virginia and will use lithium-ion batteries, like those found in electric vehicles. Dominion said it hopes to better understand how the technology can be integrated into new applications that will benefit customers.
Dominion said on its Q4earnings conference callthat its efforts to modernize, strengthen, and improve the sustainability of its grid represent a "customer-focused approach" that benefits shareholders by enabling the company to meet and affirm financial guidance, including a 16th consecutive quarter of meeting or exceeding its guidance midpoint. Adding batteries to its fleet will also be essential as the company adds other renewables since they can serve to maintain grid reliability and provide power during periods of peak demand.
Will renewables move the needle?
Dominion Energy has been aggressively pursuing renewable energy projects for the past several years. Its investments in renewables have not yet had a major impact on earnings to date, but should represent a bigger piece of the picture in the coming years. And despite the company's significant holdings in fossil fuels and nuclear generation, the company's efforts in contracting with a university, a city, and a major technology corporation demonstrate an anticipation of customer needs and may reward investors through an expanding book of long-term contracts.
With a market capitalization greater than $70 billion, the company's contracted generation segment represented only 5% of its overall business at year end. But as the company works on reducing its reliance on coal over time for its utility customers, this percentage should be expected to increase, particularly as the company has demonstrated efforts to enter specialized sales agreements to meet the needs of large commercial and industrial buyers.
The company underperformed the S&P 500 over the past year and over the last decade, and gross margin lags the industry median of 78.8%, coming in at just under 50% at year end. But the company has a dividend yield at just over 4.8% and a diverse portfolio of nuclear, gas-fired, and liquefied natural gas assets, so investors would be wise to keep an eye on Dominion. Its considerable efforts to prepare for increased customer demand for renewable power increases resource risk if the wind doesn't blow or the sun doesn't shine as projected. But placing more modern plants and batteries on the grid also has the potential for increased operational efficiency that could translate into cost savings and increased profitability, therefore increasing the probability of a stable and growing dividend.
10 stocks we like better than Dominion Energy, Inc
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Alison Healey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and Facebook. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Arlington County is believed to be first locality in Virginia to sign a large PPA for off-site solar with an investor-owned utility, and it is potentially a trend that could take hold elsewhere. The company expects the projects to improve its grid reliability and pave the way for storage technology it will need to support a plan to achieve net zero carbon and methane emissions by 2050. Adding batteries to its fleet will also be essential as the company adds other renewables since they can serve to maintain grid reliability and provide power during periods of peak demand.
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In recent months, Dominion Energy (NYSE: D) has signed long-term renewable energy contracts with a Virginia university and an entire county. Powering a university and an entire county Earlier this year, Dominion entered a power purchase agreement (PPA) with William & Mary, a university in Williamburg, Virginia. Signing multiple deals with Facebook Dominion and Facebook said earlier this year they are expanding a joint effort to increase renewable energy generation by constructing a new solar facility in Greensville County, Virginia.
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In recent months, Dominion Energy (NYSE: D) has signed long-term renewable energy contracts with a Virginia university and an entire county. In Arlington County, Virginia, Dominion agreed to provide power from a solar farm in the southern part of the state to help the county surpass its goal of sourcing at least 50% of its power from renewables by 2022. Signing multiple deals with Facebook Dominion and Facebook said earlier this year they are expanding a joint effort to increase renewable energy generation by constructing a new solar facility in Greensville County, Virginia.
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In Arlington County, Virginia, Dominion agreed to provide power from a solar farm in the southern part of the state to help the county surpass its goal of sourcing at least 50% of its power from renewables by 2022. Signing multiple deals with Facebook Dominion and Facebook said earlier this year they are expanding a joint effort to increase renewable energy generation by constructing a new solar facility in Greensville County, Virginia. With a market capitalization greater than $70 billion, the company's contracted generation segment represented only 5% of its overall business at year end.
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699142.0
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2020-03-06 00:00:00 UTC
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Should You Buy Cheniere Energy Stock?
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https://www.nasdaq.com/articles/should-you-buy-cheniere-energy-stock-2020-03-06
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The average U.S. LNG exports rose 61% year over year from January through November 2019, according to the U.S. Energy Information Administration. The LNG exports for the period averaged 4.8 billion cubic feet per day. Moreover, the EIA expects LNG exports to keep rising and average 6.5 Bcf/d in 2020 and 7.7 Bcf/d in 2021. Cheniere Energy (NYSEMKT: LNG) is one of only four companies in the U.S, that currently have commercially operating LNG facilities. The other three operators are Dominion Energy, Sempra Energy, and Freeport LNG Development L.P. Additionally, Kinder Morgan's Elba liquefaction facility is currently under commissioning.
Unlike Dominion and Sempra, which are predominantly utility companies, Cheniere Energy's fortunes are tied to its LNG operations. But rising export volumes may not be enough to make Cheniere Energy a buy. While LNG exports continue to rise as new facilities start operations, weaker prices are spoiling the party for the operator.
Image Source: Getty Images.
What's ahead for Cheniere Energy?
In 2019, Cheniere Energy completed the construction of the second train at its Corpus Christi facility. The company also started commercial deliveries at the first train at Corpus Christi and fifth train at its Sabine Pass facility. That contributed to a 55% growth in production, a 22% growth in the company's revenue, and a 38% growth in its earnings for the year. The reason why Cheniere was able to generate high earnings despite short-term market headwinds is that its projects' volumes are supported by long-term contracts.
While the short-term factors may not affect Cheniere's earnings immediately, they can affect the company's longer-term growth plans. For example, the company expects some delay in making a final investment decision for the planned expansion of its Corpus Christi facility. Termed Corpus Christi Stage 3, the project plans to have up to seven liquefaction trains with a total capacity of around 10 million tonnes per annum. A somewhat lukewarm customer interest due to an expected lower LNG demand resulting from the impacts of coronavirus or a warmer weather may delay an FID on the project. Cheniere has already received regulatory approval for the project.
The company has robust parameters for its growth capital investments. It goes ahead with a project only if 80% or more of the project's volumes are contracted. In the current environment, Cheniere's management is willing to reduce debt or return capital back to its shareholders, in that order, if the investment parameters are not achieved. That looks like a sound strategy.
LNG PE Ratio (Forward) data by YCharts
Should you buy Cheniere stock?
Cheniere looks well placed to grow in the longer term. It is a top global LNG player, which should benefit from the expected higher demand.Though weaker LNG prices have delayed an FID on Cheniere's Corpus Christi Stage 3 expansion, it is worth noting that the first phase of that project is planned to become operational only in 2024. So, the company has some space in managing its start based on market conditions.
In the meantime, train 3 of the current facility is expected to become operational in 2021. Moreover, train 6 at its Sabine Pass facility is under construction with an estimated completion in 2023. So, after three additional trains that became operational in 2019, Cheniere has more capacity coming online over the next few years. What's more, each of these projects are backed by take-or-pay contracts, which provides a lot of visibility to Cheniere's earnings growth. Its earnings over the next several years are, in large part, independent of LNG prices. These projects should keep fueling the company's earnings growth while the market conditions for LNG improves. Overall, the market's reaction for the stock due to the current LNG environment is largely out of line with the company's business model.
Overall, I wouldn't be too worried of the short-term volatility in LNG prices. However, it may take a while for the global LNG markets to become balanced. Considering that the stock doesn't pay a dividend, I would rather watch it from the sidelines to jump in as soon as the markets improve and customer interest for the projects begins to rise.
10 stocks we like better than Cheniere Energy
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Rekha Khandelwal has no position in any of the stocks mentioned. 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.
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A somewhat lukewarm customer interest due to an expected lower LNG demand resulting from the impacts of coronavirus or a warmer weather may delay an FID on the project. In the current environment, Cheniere's management is willing to reduce debt or return capital back to its shareholders, in that order, if the investment parameters are not achieved. Considering that the stock doesn't pay a dividend, I would rather watch it from the sidelines to jump in as soon as the markets improve and customer interest for the projects begins to rise.
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The other three operators are Dominion Energy, Sempra Energy, and Freeport LNG Development L.P. Additionally, Kinder Morgan's Elba liquefaction facility is currently under commissioning. It is a top global LNG player, which should benefit from the expected higher demand.Though weaker LNG prices have delayed an FID on Cheniere's Corpus Christi Stage 3 expansion, it is worth noting that the first phase of that project is planned to become operational only in 2024. The average U.S. LNG exports rose 61% year over year from January through November 2019, according to the U.S. Energy Information Administration.
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Unlike Dominion and Sempra, which are predominantly utility companies, Cheniere Energy's fortunes are tied to its LNG operations. It is a top global LNG player, which should benefit from the expected higher demand.Though weaker LNG prices have delayed an FID on Cheniere's Corpus Christi Stage 3 expansion, it is worth noting that the first phase of that project is planned to become operational only in 2024. The average U.S. LNG exports rose 61% year over year from January through November 2019, according to the U.S. Energy Information Administration.
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In the meantime, train 3 of the current facility is expected to become operational in 2021. These projects should keep fueling the company's earnings growth while the market conditions for LNG improves. The average U.S. LNG exports rose 61% year over year from January through November 2019, according to the U.S. Energy Information Administration.
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699143.0
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2020-03-05 00:00:00 UTC
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Dominion Energy a Top 25 Dividend Giant With 4.22% Yield (D)
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https://www.nasdaq.com/articles/dominion-energy-a-top-25-dividend-giant-with-4.22-yield-d-2020-03-05
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a stunning $7.02B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.22% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points.
The annualized dividend paid by Dominion Energy Inc is $3.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/27/2020. Below is a long-term dividend history chart for D, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a stunning $7.02B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.22% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. Below is a long-term dividend history chart for D, which the report stressed as being of key importance.
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a stunning $7.02B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.22% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. 25 Dividend Giants Widely Held By ETFs » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a stunning $7.02B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.22% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. The annualized dividend paid by Dominion Energy Inc is $3.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/27/2020.
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a stunning $7.02B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.22% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. The annualized dividend paid by Dominion Energy Inc is $3.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/27/2020.
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699144.0
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2020-03-03 00:00:00 UTC
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3 Dividend Stocks Ideal for Retirees
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https://www.nasdaq.com/articles/3-dividend-stocks-ideal-for-retirees-2020-03-03
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Dividend stocks are a top source of income for retirees, provided the stocks pay out regular and steady dividends. Even better if it's a dividend growth stock, as rising dividends not only boost income but also multiply your returns from stocks in the long term.
A good strategy for retirees is to invest in dividend stocks that yield at least 3% and increase dividends regularly. Here are three top stocks ideal for retirees thanks to their high yields that look safe.
A top utility stock to own
You cannot not own a utility stock in retirement. Because of the defensive and resilient nature of their businesses, utility stocks not only pay good dividends but also tend to outperform during a downturn -- a characteristic that can save retirees from nasty shocks during rough times. I like Dominion Energy (NYSE: D), yielding 4.6% currently. Because 95% of Dominion's operating income comes from regulated assets, it enjoys steady cash flows and can pay stable dividends -- it has increased dividends for 17 consecutive years.
Image source: Getty Images.
Dividend rose a tiny 2.5% last December, but that's only because of some recent changes at Dominion -- such as the $14.6 billion acquisition of SCANA -- that encouraged management to slow down dividend growth and instead use cash to pare debt and improve financial strength. It's a smart move for the long term, and it's expected that Dominion should be willing and able to offer bigger dividend increases as before -- it increased dividends by 10% each in 2017 and 2018 -- once its debt and dividend payout ratio reaches comfortable levels.
With SCANA, Dominion's customer base has swelled to more than 7 million in 18 states. Between 2019 and 2023, Dominion plans to invest $26 billion in growth projects. Beyond that, its proposed largest offshore wind farm in the country is a key project to look out for. These investments should help the utility win regular base rate increase approvals from the regulatory authorities -- Dominion foresees 7% compound annual growth rate (CAGR) in base rate between 2018 and 2023. Retirees can bank on Dominion Energy for regular dividend income and a high yield.
5.9% yield and a compelling macro-trend
Global demand for healthcare is projected to rise consistently, making healthcare a great investment choice for retirees. Case in point: a healthcare real estate investment trust (REIT), which owns, develops, and leases healthcare properties as pure-play traditional landlords or under partnerships. Consider Ventas (NYSE: VTR), which derives half its income from senior housing and rest from office properties. Broadly, Ventas operates three business segments: senior housing triple net (NNN), senior housing operations (SHOP), and office.
The appeal of an aging population has seen a frenzy of construction activity in SHOP in recent quarters, hurting rentals, occupancy, and profits for most companies operating in the space. Ventas' mixed portfolio, however, mitigates risks to some extent. A triple-net lease, for example, includes annual base rent escalators, which brings in steady cash flows and also passes on the buck of key expenses including property taxes, insurance, and maintenance to the tenant.
Ventas made some credible investments last year, such as $0.9 billion in five research and innovation development projects under partnerships with leading institutions including the University of Pittsburgh and Drexel University. A bigger deal was its $1.8 billion acquisition of 31 senior-housing facilities in the attractive Quebec market from Le Group Maurice (LGM). Meanwhile, Ventas plans to dispose non-core senior housing assets worth $0.6 billion in 2020 to strengthen its portfolio.
As a REIT, Ventas has to pay 90% or more of its taxable income as dividends to shareholders. Barring last year, Ventas increased its dividend annually for nine consecutive years. Even if Ventas doesn't raise its dividend this year, a cut is unlikely as the company's lower end of guided normalized funds from operation (FFO) of $3.56-$3.69 per share still means an FFO payout of around 89% at current dividend rate. For the long haul, this 5.9%-yielding stock looks like a good fit for retirees.
A money-making machine for retirees
A master limited partnership doesn't suit retirement portfolios, but Brookfield Infrastructure Partners (NYSE: BIP) is a great exception, as it can be owned in retirement accounts like an IRA and 401(k) and offers excellent growth as well as dividend potential.
Brookfield Infrastructure buys high-quality infrastructure assets, overhauls and makes money, and sells them when mature to reinvest the proceeds opportunistically. The key to its success lies largely on management's ability to find good assets selling at low prices from companies putting up assets for sale for whatever reasons -- say, an industry downturn or a dire need to raise funds to run operations or deleverage. Brookfield buys assets in telecommunications, energy, utilities, and transportation sectors.
BIP Dividend data by YCharts
To give you an idea of its portfolio size, Brookfield owns 6.6 million electricity and gas connections, 9,100 telecom towers, and roughly 20,000 miles of rail operations, 2,500 miles of toll roads, and 10,000 miles of energy transmission pipelines, among other things. Brookfield's operations are spread across North and South America, Europe, and the Asia-Pacific region.
2019 was a fantastic year for Brookfield, as it grew FFO per share by 11%, invested $2.6 billion in 10 new assets including North America rail and telecom towers in the UK and India, and raised $1.5 billion through the sale of mature assets. With a solid portfolio generating steady cash flows, Brookfield has grown its dividends at a CAGR of 11% since 2009, becoming a multibagger stock in the bargain. This 4.2%-yield stock is one of the best picks for retirement.
10 stocks we like better than Ventas
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Ventas wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Infrastructure Partners and Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Because of the defensive and resilient nature of their businesses, utility stocks not only pay good dividends but also tend to outperform during a downturn -- a characteristic that can save retirees from nasty shocks during rough times. The appeal of an aging population has seen a frenzy of construction activity in SHOP in recent quarters, hurting rentals, occupancy, and profits for most companies operating in the space. With a solid portfolio generating steady cash flows, Brookfield has grown its dividends at a CAGR of 11% since 2009, becoming a multibagger stock in the bargain.
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Because 95% of Dominion's operating income comes from regulated assets, it enjoys steady cash flows and can pay stable dividends -- it has increased dividends for 17 consecutive years. Broadly, Ventas operates three business segments: senior housing triple net (NNN), senior housing operations (SHOP), and office. 2019 was a fantastic year for Brookfield, as it grew FFO per share by 11%, invested $2.6 billion in 10 new assets including North America rail and telecom towers in the UK and India, and raised $1.5 billion through the sale of mature assets.
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Dividend stocks are a top source of income for retirees, provided the stocks pay out regular and steady dividends. Even better if it's a dividend growth stock, as rising dividends not only boost income but also multiply your returns from stocks in the long term. A good strategy for retirees is to invest in dividend stocks that yield at least 3% and increase dividends regularly.
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Dividend stocks are a top source of income for retirees, provided the stocks pay out regular and steady dividends. Between 2019 and 2023, Dominion plans to invest $26 billion in growth projects. 2019 was a fantastic year for Brookfield, as it grew FFO per share by 11%, invested $2.6 billion in 10 new assets including North America rail and telecom towers in the UK and India, and raised $1.5 billion through the sale of mature assets.
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699145.0
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2020-02-27 00:00:00 UTC
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SEC Sues South Carolina Energy Companies, Former Executives Over Nuclear Fraud
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https://www.nasdaq.com/articles/sec-sues-south-carolina-energy-companies-former-executives-over-nuclear-fraud-2020-02-27
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(RTTNews) - The U.S. Securities and Exchange Commission charged SCANA Corp., two of its former top executives, and South Carolina Electric & Gas Co., now known as Dominion Energy South Carolina Inc., with defrauding investors by making false and misleading statements about a nuclear power plant expansion that was ultimately abandoned.
Dominion Energy said, "This is a disappointing development related to a long-standing investigation by the SEC regarding pre-merger activities. Dominion Energy has been fully cooperating with the SEC in this investigation. ... We are taking this matter very seriously, and are reviewing the complaint to determine our next steps."
Dominion Energy said that in December 2019, it executed a settlement agreement with former SCANA shareholders for $192.5 million, which was preliminarily approved by the federal district court in South Carolina earlier this month.
Meanwhile, the SEC's complaint alleged that SCANA, its former CEO Kevin Marsh, former Executive Vice President Stephen Byrne, and subsidiary SCE&G misled investors about a project to build two nuclear units that would qualify the company for more than $1 billion in tax credits.
According to the complaint, the defendants claimed that the project was on track even though they knew it was far behind schedule, making it unlikely to qualify for the tax credits.
SCANA abandoned the project in mid-2017 with neither nuclear unit completed.
The SEC complaint alleged that the false statements and omissions enabled SCANA to boost its stock price, sell more than $1 billion in bonds, and obtain regulatory approval to raise customers' rates to finance the project.
The SEC's complaint, filed in federal court in South Carolina, seeks a permanent injunction, return of allegedly ill-gotten gains along with prejudgment interest, and financial penalties from all defendants, and an officer and director bar against Marsh and Byrne.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, the SEC's complaint alleged that SCANA, its former CEO Kevin Marsh, former Executive Vice President Stephen Byrne, and subsidiary SCE&G misled investors about a project to build two nuclear units that would qualify the company for more than $1 billion in tax credits. The SEC complaint alleged that the false statements and omissions enabled SCANA to boost its stock price, sell more than $1 billion in bonds, and obtain regulatory approval to raise customers' rates to finance the project. The SEC's complaint, filed in federal court in South Carolina, seeks a permanent injunction, return of allegedly ill-gotten gains along with prejudgment interest, and financial penalties from all defendants, and an officer and director bar against Marsh and Byrne.
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(RTTNews) - The U.S. Securities and Exchange Commission charged SCANA Corp., two of its former top executives, and South Carolina Electric & Gas Co., now known as Dominion Energy South Carolina Inc., with defrauding investors by making false and misleading statements about a nuclear power plant expansion that was ultimately abandoned. The SEC complaint alleged that the false statements and omissions enabled SCANA to boost its stock price, sell more than $1 billion in bonds, and obtain regulatory approval to raise customers' rates to finance the project. The SEC's complaint, filed in federal court in South Carolina, seeks a permanent injunction, return of allegedly ill-gotten gains along with prejudgment interest, and financial penalties from all defendants, and an officer and director bar against Marsh and Byrne.
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(RTTNews) - The U.S. Securities and Exchange Commission charged SCANA Corp., two of its former top executives, and South Carolina Electric & Gas Co., now known as Dominion Energy South Carolina Inc., with defrauding investors by making false and misleading statements about a nuclear power plant expansion that was ultimately abandoned. Meanwhile, the SEC's complaint alleged that SCANA, its former CEO Kevin Marsh, former Executive Vice President Stephen Byrne, and subsidiary SCE&G misled investors about a project to build two nuclear units that would qualify the company for more than $1 billion in tax credits. The SEC complaint alleged that the false statements and omissions enabled SCANA to boost its stock price, sell more than $1 billion in bonds, and obtain regulatory approval to raise customers' rates to finance the project.
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(RTTNews) - The U.S. Securities and Exchange Commission charged SCANA Corp., two of its former top executives, and South Carolina Electric & Gas Co., now known as Dominion Energy South Carolina Inc., with defrauding investors by making false and misleading statements about a nuclear power plant expansion that was ultimately abandoned. Dominion Energy said, "This is a disappointing development related to a long-standing investigation by the SEC regarding pre-merger activities. Meanwhile, the SEC's complaint alleged that SCANA, its former CEO Kevin Marsh, former Executive Vice President Stephen Byrne, and subsidiary SCE&G misled investors about a project to build two nuclear units that would qualify the company for more than $1 billion in tax credits.
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699146.0
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2020-02-27 00:00:00 UTC
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Dominion Energy Gambles $175 Million on a Supreme Court Decision
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https://www.nasdaq.com/articles/dominion-energy-gambles-%24175-million-on-a-supreme-court-decision-2020-02-27
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Investing requires balancing risk with reward, which is just as true for individual investors as it is for the companies they own. Giant U.S. utility Dominion Energy (NYSE: D) is a prime example of this today, as it works to complete a large natural gas project that has faced material environmental pushback. In fact, despite a case being heard by the U.S. Supreme Court about the Atlantic Coast Pipeline, Dominion just increased its ownership stake in the project. Here's what you need to know about this deal and the project.
A little money, a notable decision
The Atlantic Coast Pipeline is intended to bring natural gas from West Virginia to Virginia and South Carolina. It is an underground pipeline that Dominion says is needed because current natural gas capacity won't be enough to satisfy growing demand in the regions it will serve. There are three main utility customers for the project: Dominion, Duke Energy, and The Southern Company (NYSE: SO). The multi-billion dollar investment was originally owned by all three, with Dominion controlling 48% of the project, Duke 47%, and Southern 5%.
Image source: Getty Images.
When Dominion released its fourth-quarter 2019 earnings, however, it noted that it had bought Southern's 5% stake. That brings its control of the project to more than 50%, effectively giving it complete control over the investment. The cost of this acquisition was roughly $175 million and included some other natural gas assets. To be fair, that's a relatively tiny cost compared to the entire project, which has already spent $3.4 billion on construction efforts and it isn't close to done yet (the total cost is expected to be about $8 billion at this time, but it could go higher). However, when you consider the increased control it gives Dominion, it is a notable move. And it comes at an interesting time.
Environmental pushback against the Atlantic Coast Pipeline has been intense. In fact, the increasing difficulty of getting projects like this done was one of the key reasons why Southern chose to sell its stake. During Southern's fourth-quarter 2019 earnings conference call, it noted that the pipeline was simply too small a position for the utility to bother with because the financial payoff didn't justify the uncertainty and complexity the project added to the utility's business. That complexity today includes a date with the U.S. Supreme Court to decide a somewhat arcane issue.
Who controls this forest?
The big question in front of the court is who can grant approval for the pipeline to cross the Appalachian Trail. At this point, the U.S. Forest Service has given its stamp of approval, but the trail is actually a multi-state entity effectively run by the Appalachian Trail Conservancy. That group, however, isn't the one bringing the case, it is outside environmental groups that are championing the fight. In fact, the Conservancy has decided to not oppose the pipeline.
The outcome of the case is notable for the Appalachian Trail. Control of the trail is something of a loose affiliation involving tacit approvals that's been left alone because so far it has worked relatively well. It is hardly a formal setup and it could be set asunder if Dominion loses. For Dominion, the Supreme Court case is notable because despite being just a small piece of the pipeline, it's an important connection point.
If Dominion isn't victorious, and the U.S. Forest Service isn't the rightful approving entity, the utility may have to seek approval from Congress to grant the crossing. That's something that it is already working on, but it makes completing the pipeline much more difficult and, frankly, uncertain. A Supreme Court loss wouldn't be the end of the road, but it would be a big roadblock. So why increase the ownership position right now?
The answer is likely two-fold. Although neither Southern nor Dominion stated this as a fact, during Dominion's fourth-quarter 2019 earnings call it made clear that Southern remained a key customer. It is possible that buying Southern's 5% share of the project was at least partly meant to assuage a key customer. Secondly, and likely more importantly, Dominion's current projection is that the Atlantic Coast Pipeline could add up to $0.25 per share to earnings starting in 2022, assuming it gets completed on time. Given that full-year operating earnings in 2020 are projected to be between $4.25 and $4.60 a share, that would represent a roughly 5% earnings boost. Although that may not sound like a huge deal, for a utility that's a big number -- especially since it is tied to just one investment.
In other words, Dominion is making a calculated bet that it can complete the project, and that the added cost of buying Southern out will be well worth the expense if it keeps things moving full steam ahead. But a lot is riding on the Supreme Court case outcome, since a loss would probably push the project's cost higher and the completion date even further out.
Probably worth it
When all is said and done, Dominion appears to be making the right move here. The cost of increasing its stake by 5% relative to the total project is modest, and it will help to keep the Atlantic Coast Pipeline moving forward. Meanwhile, the possible earnings upside for the utility is pretty compelling. And even if the Supreme Court doesn't decide in Dominion's favor, there are still alternatives. Right now this project is the issue to watch at Dominion, but its increased stake in the pipeline isn't something to get too upset over. It's a trade-off and, at this point, the potential reward seems worth it.
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Reuben Gregg Brewer owns shares of Dominion Energy, Inc and Southern Company. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Giant U.S. utility Dominion Energy (NYSE: D) is a prime example of this today, as it works to complete a large natural gas project that has faced material environmental pushback. It is an underground pipeline that Dominion says is needed because current natural gas capacity won't be enough to satisfy growing demand in the regions it will serve. In other words, Dominion is making a calculated bet that it can complete the project, and that the added cost of buying Southern out will be well worth the expense if it keeps things moving full steam ahead.
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In fact, despite a case being heard by the U.S. Supreme Court about the Atlantic Coast Pipeline, Dominion just increased its ownership stake in the project. There are three main utility customers for the project: Dominion, Duke Energy, and The Southern Company (NYSE: SO). Secondly, and likely more importantly, Dominion's current projection is that the Atlantic Coast Pipeline could add up to $0.25 per share to earnings starting in 2022, assuming it gets completed on time.
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In fact, despite a case being heard by the U.S. Supreme Court about the Atlantic Coast Pipeline, Dominion just increased its ownership stake in the project. Although neither Southern nor Dominion stated this as a fact, during Dominion's fourth-quarter 2019 earnings call it made clear that Southern remained a key customer. Secondly, and likely more importantly, Dominion's current projection is that the Atlantic Coast Pipeline could add up to $0.25 per share to earnings starting in 2022, assuming it gets completed on time.
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In fact, despite a case being heard by the U.S. Supreme Court about the Atlantic Coast Pipeline, Dominion just increased its ownership stake in the project. However, when you consider the increased control it gives Dominion, it is a notable move. The cost of increasing its stake by 5% relative to the total project is modest, and it will help to keep the Atlantic Coast Pipeline moving forward.
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699147.0
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2020-02-27 00:00:00 UTC
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Notable ETF Inflow Detected - IDU, DUK, D, AEP
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https://www.nasdaq.com/articles/notable-etf-inflow-detected-idu-duk-d-aep-2020-02-27
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Utilities ETF (Symbol: IDU) where we have detected an approximate $134.3 million dollar inflow -- that's a 13.4% increase week over week in outstanding units (from 5,950,000 to 6,750,000). Among the largest underlying components of IDU, in trading today Duke Energy Corp (Symbol: DUK) is off about 0.9%, Dominion Energy Inc (Symbol: D) is off about 1.9%, and American Electric Power Co Inc (Symbol: AEP) is lower by about 1.3%. For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average:
Looking at the chart above, IDU's low point in its 52 week range is $143.108 per share, with $177.36 as the 52 week high point — that compares with a last trade of $166.27. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average: Looking at the chart above, IDU's low point in its 52 week range is $143.108 per share, with $177.36 as the 52 week high point — that compares with a last trade of $166.27. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of IDU, in trading today Duke Energy Corp (Symbol: DUK) is off about 0.9%, Dominion Energy Inc (Symbol: D) is off about 1.9%, and American Electric Power Co Inc (Symbol: AEP) is lower by about 1.3%. For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average: Looking at the chart above, IDU's low point in its 52 week range is $143.108 per share, with $177.36 as the 52 week high point — that compares with a last trade of $166.27. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Utilities ETF (Symbol: IDU) where we have detected an approximate $134.3 million dollar inflow -- that's a 13.4% increase week over week in outstanding units (from 5,950,000 to 6,750,000). For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average: Looking at the chart above, IDU's low point in its 52 week range is $143.108 per share, with $177.36 as the 52 week high point — that compares with a last trade of $166.27. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Utilities ETF (Symbol: IDU) where we have detected an approximate $134.3 million dollar inflow -- that's a 13.4% increase week over week in outstanding units (from 5,950,000 to 6,750,000). For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average: Looking at the chart above, IDU's low point in its 52 week range is $143.108 per share, with $177.36 as the 52 week high point — that compares with a last trade of $166.27. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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699148.0
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2020-02-25 00:00:00 UTC
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Ex-Dividend Reminder: Dominion Energy, Brookfield Renewable Partners and MGE Energy
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-dominion-energy-brookfield-renewable-partners-and-mge-energy-2020-02
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Looking at the universe of stocks we cover at Dividend Channel, on 2/27/20, Dominion Energy Inc (Symbol: D), Brookfield Renewable Partners LP (Symbol: BEP), and MGE Energy Inc (Symbol: MGEE) will all trade ex-dividend for their respective upcoming dividends. Dominion Energy Inc will pay its quarterly dividend of $0.94 on 3/20/20, Brookfield Renewable Partners LP will pay its quarterly dividend of $0.5425 on 3/30/20, and MGE Energy Inc will pay its quarterly dividend of $0.3525 on 3/15/20. As a percentage of D's recent stock price of $89.97, this dividend works out to approximately 1.04%, so look for shares of Dominion Energy Inc to trade 1.04% lower — all else being equal — when D shares open for trading on 2/27/20. Similarly, investors should look for BEP to open 0.99% lower in price and for MGEE to open 0.44% lower, all else being equal.
Below are dividend history charts for D, BEP, and MGEE, showing historical dividends prior to the most recent ones declared.
Dominion Energy Inc (Symbol: D):
Brookfield Renewable Partners LP (Symbol: BEP):
MGE Energy Inc (Symbol: MGEE):
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 4.18% for Dominion Energy Inc , 3.96% for Brookfield Renewable Partners LP, and 1.76% for MGE Energy Inc.
In Tuesday trading, Dominion Energy Inc shares are currently up about 0.2%, Brookfield Renewable Partners LP shares are up about 0.8%, and MGE Energy Inc shares are up about 1.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 2/27/20, Dominion Energy Inc (Symbol: D), Brookfield Renewable Partners LP (Symbol: BEP), and MGE Energy Inc (Symbol: MGEE) will all trade ex-dividend for their respective upcoming dividends. As a percentage of D's recent stock price of $89.97, this dividend works out to approximately 1.04%, so look for shares of Dominion Energy Inc to trade 1.04% lower — all else being equal — when D shares open for trading on 2/27/20. 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.
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Looking at the universe of stocks we cover at Dividend Channel, on 2/27/20, Dominion Energy Inc (Symbol: D), Brookfield Renewable Partners LP (Symbol: BEP), and MGE Energy Inc (Symbol: MGEE) will all trade ex-dividend for their respective upcoming dividends. Dominion Energy Inc will pay its quarterly dividend of $0.94 on 3/20/20, Brookfield Renewable Partners LP will pay its quarterly dividend of $0.5425 on 3/30/20, and MGE Energy Inc will pay its quarterly dividend of $0.3525 on 3/15/20. Dominion Energy Inc (Symbol: D): Brookfield Renewable Partners LP (Symbol: BEP): MGE Energy Inc (Symbol: MGEE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 2/27/20, Dominion Energy Inc (Symbol: D), Brookfield Renewable Partners LP (Symbol: BEP), and MGE Energy Inc (Symbol: MGEE) will all trade ex-dividend for their respective upcoming dividends. Dominion Energy Inc will pay its quarterly dividend of $0.94 on 3/20/20, Brookfield Renewable Partners LP will pay its quarterly dividend of $0.5425 on 3/30/20, and MGE Energy Inc will pay its quarterly dividend of $0.3525 on 3/15/20. Dominion Energy Inc (Symbol: D): Brookfield Renewable Partners LP (Symbol: BEP): MGE Energy Inc (Symbol: MGEE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of D's recent stock price of $89.97, this dividend works out to approximately 1.04%, so look for shares of Dominion Energy Inc to trade 1.04% lower — all else being equal — when D shares open for trading on 2/27/20. 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 4.18% for Dominion Energy Inc , 3.96% for Brookfield Renewable Partners LP, and 1.76% for MGE Energy Inc.
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699149.0
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2020-02-24 00:00:00 UTC
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Monday Sector Leaders: Utilities, Consumer Products
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https://www.nasdaq.com/articles/monday-sector-leaders%3A-utilities-consumer-products-2020-02-24
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The best performing sector as of midday Monday is the Utilities sector, losing just 0.9%. Within that group, Dominion Energy Inc (Symbol: D) and Duke Energy Corp (Symbol: DUK) are two large stocks leading the way, showing a gain of 0.8% and 0.4%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.7% on the day, and up 8.09% year-to-date. Dominion Energy Inc , meanwhile, is up 8.83% year-to-date, and Duke Energy Corp is up 13.76% year-to-date. Combined, D and DUK make up approximately 15.2% of the underlying holdings of XLU.
The next best performing sector is the Consumer Products sector, losing just 2.9%. Among large Consumer Products stocks, Clorox Co (Symbol: CLX) and Lamb Weston Holdings Inc (Symbol: LW) are the most notable, showing a gain of 1.8% and 0.3%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 2.7% in midday trading, and up 1.72% on a year-to-date basis. Clorox Co , meanwhile, is up 9.81% year-to-date, and Lamb Weston Holdings Inc is up 10.85% year-to-date. Combined, CLX and LW make up approximately 1.4% of the underlying holdings of IYK.
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 -0.9%
Consumer Products -2.9%
Healthcare -3.0%
Financial -3.0%
Services -3.3%
Materials -3.3%
Technology & Communications -3.5%
Industrial -3.6%
Energy -5.4%
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, CLX and LW make up approximately 1.4% of the underlying holdings of IYK. 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 -0.9% Consumer Products -2.9% Healthcare -3.0% Financial -3.0% Services -3.3% Materials -3.3% Technology & Communications -3.5% Industrial -3.6% Energy -5.4% 25 Dividend Giants Widely Held By ETFs » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Within that group, Dominion Energy Inc (Symbol: D) and Duke Energy Corp (Symbol: DUK) are two large stocks leading the way, showing a gain of 0.8% and 0.4%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.7% on the day, and up 8.09% year-to-date. Among large Consumer Products stocks, Clorox Co (Symbol: CLX) and Lamb Weston Holdings Inc (Symbol: LW) are the most notable, showing a gain of 1.8% and 0.3%, respectively.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.7% on the day, and up 8.09% year-to-date. Among large Consumer Products stocks, Clorox Co (Symbol: CLX) and Lamb Weston Holdings Inc (Symbol: LW) are the most notable, showing a gain of 1.8% and 0.3%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is down 2.7% in midday trading, and up 1.72% on a year-to-date basis.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.7% on the day, and up 8.09% year-to-date. The next best performing sector is the Consumer Products sector, losing just 2.9%. Among large Consumer Products stocks, Clorox Co (Symbol: CLX) and Lamb Weston Holdings Inc (Symbol: LW) are the most notable, showing a gain of 1.8% and 0.3%, respectively.
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699150.0
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2020-02-13 00:00:00 UTC
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Dominion Solar Facility To Support FB's Operations With 100% Renewable Energy
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D
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https://www.nasdaq.com/articles/dominion-solar-facility-to-support-fbs-operations-with-100-renewable-energy-2020-02-13
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(RTTNews) - Dominion Energy said it will build, own and operate solar facility in Greensville County, Va. Facebook will purchase the environmental attributes generated by the solar facility.
Sadler Solar, a 100 MW facility located in Greensville County, was approved by the Virginia State Corporation Commission last month and is expected to become operational by the end of 2020.
Dominion's partnership helps to enable Facebook's goal of supporting its global operations with 100% renewable energy in 2020.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy said it will build, own and operate solar facility in Greensville County, Va. Facebook will purchase the environmental attributes generated by the solar facility. Sadler Solar, a 100 MW facility located in Greensville County, was approved by the Virginia State Corporation Commission last month and is expected to become operational by the end of 2020. Dominion's partnership helps to enable Facebook's goal of supporting its global operations with 100% renewable energy in 2020.
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(RTTNews) - Dominion Energy said it will build, own and operate solar facility in Greensville County, Va. Facebook will purchase the environmental attributes generated by the solar facility. Sadler Solar, a 100 MW facility located in Greensville County, was approved by the Virginia State Corporation Commission last month and is expected to become operational by the end of 2020. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy said it will build, own and operate solar facility in Greensville County, Va. Facebook will purchase the environmental attributes generated by the solar facility. Sadler Solar, a 100 MW facility located in Greensville County, was approved by the Virginia State Corporation Commission last month and is expected to become operational by the end of 2020. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy said it will build, own and operate solar facility in Greensville County, Va. Facebook will purchase the environmental attributes generated by the solar facility. Sadler Solar, a 100 MW facility located in Greensville County, was approved by the Virginia State Corporation Commission last month and is expected to become operational by the end of 2020. Dominion's partnership helps to enable Facebook's goal of supporting its global operations with 100% renewable energy in 2020.
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699151.0
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2020-02-11 00:00:00 UTC
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Dominion Energy, Inc. (D) Q4 2019 Earnings Call Transcript
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https://www.nasdaq.com/articles/dominion-energy-inc.-d-q4-2019-earnings-call-transcript-2020-02-12
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Image source: The Motley Fool.
Dominion Energy, Inc. (NYSE: D)
Q4 2019 Earnings Call
Feb 11, 2020, 11:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, good morning and welcome to the Dominion Energy Fourth Quarter Earnings Conference Call. At this time, each of your lines is in a listen-only mode. At the conclusion of today's presentation, we will open the floor for questions. Instructions will be given at that time for the procedure to follow, if you would like to ask a question. I would now like to turn the conference over to Mr. Steven Ridge, Vice President, Investor Relations. Please go ahead, sir.
Steven Ridge -- Vice President, Investor Relations
Good morning and welcome. 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 projections, forecasts, 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 are able to calculate are contained in the earnings release kit. I encourage you to visit our investor relations website to review theearnings conference callmaterials including the earnings release kit. The investor relations team will be available after today's call to answer any questions. Joining today's call are Tom Farrell, Chairman, President and Chief Executive Officer; Jim Chapman, Executive Vice President, Chief Financial Officer and Treasurer as well as other members of the executive management team. I'll now turn the call over to Jim.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thank you, Steven and good morning. Let me start by saying that we have a lot of ground to cover on today's call, which reflects the exciting progress we're making on our investment program, our financial targets, and on our ESG efforts including the introduction of an enterprisewide net zero emissions initiative. Over the last several years, Dominion Energy has transitioned into a larger, more regulated, and more predictable company and this is reflected in our ability to extend our track record of delivering financial performance consistent with our guidance.
I'm pleased to report on Slide 3 that the fourth quarter of 2019 was the 16th consecutive quarter of achieving operating earnings per share that, adjusted for normal weather, met or exceeded the midpoint of our guidance range. Quarterly operating earnings were $1.18 per share, which includes a benefit from better than normal weather of less than $0.01. Even without adjusting for weather, this was still the 16th consecutive quarter of results that aligned with our guidance range. 2019 full year operating earnings of $4.24 also exceeded the midpoint of our annual guidance range of $4.15 to $4.30 per share. When adjusted for about $0.02 of help relative to normal weather, these operating earnings for the year met the midpoint of our annual guidance range and represent a 5.5% increase over 2018's weather normalized operating EPS. GAAP earnings for the quarter and for the year were $1.32 and $1.73 per share, respectively. Recall that full year reported results were materially impacted during the first two quarters of the year by charges associated with the SCANA merger, including a substantial customer refund as approved by the South Carolina Public Service Commission. Adjusted for these merger and integration-related costs, our trailing three-year aggregate GAAP earnings are actually higher than our total operating earnings over the same period. A summary of adjustments between operating and reported results are included in the appendix with a detailed reconciliation available on Schedule 2 of the Earnings Release Kit.
Turning now to Slide 4, as usual, our operating earnings guidance ranges assume normal weather, variations from which could cause results to be toward the top or the bottom of these ranges. We are initiating 2020 operating earnings guidance with a range of $4.25 to $4.60 per share. The midpoint of this range represents a 5% increase over our weather normalized 2019 results, which aligns with the guidance we provided at our Investor Day last March. Select drivers in 2020 as compared to 2019 include increased earnings from regulated investment growth across our electric and gas businesses, lower interest expense due to lower average debt balances and a lower rate environment, the full year impact of the Millstone Zero-Carbon contract, and lower depreciation expense associated with an anticipated extension of the useful life assumption for our regulated nuclear plants in Virginia. Negative drivers include increased minority interest expense associated with the equity recapitalization of Cove Point, share dilution, lower New England capacity prices, and a double outage year at Millstone. Note that the double outage occurs every third year and will therefore be a positive driver in 2021. We are introducing first quarter consolidated operating earnings guidance of $1.05 to $1.25 per share. We are also affirming our post 2020 guidance of 5% plus annual operating EPS growth as well as our dividend per share growth rate of 2.5% per annum, subject as is customary to Board approval.
We have successfully changed the way we manage and report our businesses as shown on Slide 5 to better reflect the larger and more regulated nature of our operations. We expect that these realigned segments will also make it easier to model and analyze our company. On Slide 6, we provide annual operating income guidance at the new segment level. Let me take a moment and highlight a few points. First, except for Contracted Generation, which I'll explain in a minute, each of our segments exhibit strong operating earnings growth trends driven primarily by regulated investment and general cost discipline. Contracted Generation's earnings trend is negatively impacted by the sale of Manchester and Fairless at the end of 2018 and by the double outage year at Millstone in 2020. As I mentioned previously, the double outage driver will reverse for 2021. Second, we've adjusted the CAGR of the Gas Distribution segment to exclude the impact of the addition of PSNC in 2019 to demonstrate the very strong core growth rate at this segment absent merger activity. Third, we are not showing a 2018 through 2020 CAGR for Dominion Energy South Carolina as the merger with SCANA did not conclude until 2019. Growth in 2020 is primarily driven by merger cost savings, which we expect to accrue to the benefit of our customers in South Carolina as part of our upcoming electric rate case. In other words, this growth is good for both customers and shareholders. Finally, these segment level operating income CAGRs of course don't reflect equity issuance at the parent over the period shown including shares issued in exchange for SCANA stock early last year and which actually produce a consolidated EPS growth rate that is slightly below the segment level growth numbers shown here.
On Slide 7, we show expected 2020 operating EPS contribution by segment. This page underscores two of the key investment themes we have emphasized. First, that the strategic progression of our company has resulted in having approximately 95% of our operating earnings derived from regulated and regulated-like operations and second that around 70% of our operating earnings come from state regulated utility operations centered around five highly attractive states including Virginia, North Carolina, South Carolina, Ohio, and Utah. Going forward, we plan to provide this segment level operating guidance annually. We have also simplified or added to our existing disclosures including with regards to weather impacts, customer growth [Phonetic], rate base estimates, Millstone hedging, fixed income, and other topics. We hope you find these changes which are included in our earnings release kit and in the appendix of today's presentation helpful.
Turning to Slide 8, we've summarized our current capital structure. We now have distinct and aligned financing entities related to our Dominion Energy Virginia, Dominion Energy South Carolina, and Gas Transmission and Storage operating segments. These financing vehicles are, in addition to our parent level entity, SEC registrants and therefore will continue to file 10-Ks and 10-Qs. For the Gas Distribution and the Contracted Generation segments we show here the aggregate of existing financing balances across the individual OpCo entities, which primarily due to their smaller size are financed in the private markets.
Let me now address credit more generally. I frequently remind our investors that we manage our balance sheet to a target credit rating range and not just to one of the specific credit metrics. Also that the cash coverage metrics such as FFO or CFO pre-working capital to debt represent only a small weighting within the overall rating methodologies employed by our credit rating agencies. Nonetheless on Slide 9, we illustrate the meaningful improvement we have achieved in the cash coverage metric over the last four years and which we expect will continue to gradually improve over the next several years. We've included in the appendix additional detail on the calculation of this metric for 2019. On a related topic, strong performance of our retirement plan assets combined with an earnings neutral fourth quarter contribution more than offset a year-on-year reduction in discount rates resulting in an increase in the overall funded balance of these plans by around 7 percentage points.
This leads me to our 2020 capex and financing plan. Slide 10 provides our 2020 capital investment plans, which are broadly in line, though a little higher in the aggregate than the forecast we provided at our Investor Day due to a handful of small positive revisions and timing deltas. And Slide 11 provides an overview of our 2020 external financing plan. A couple of things to highlight here. First, consistent with previous guidance, our common equity plans for the year includes only around $300 million via our DRIP program. You may recall that we had previously forecast $300 million to $500 million of ATM issuance in 2020, but subsequently announced that we would use proceeds from the Cove Point equity recapitalization to reduce or eliminate that issuance which is reflected here. Next, I'll point out that during 2020, we intend to issue up to $1.8 billion of privately placed fixed income securities at Dominion East Ohio, which as a result of the Dominion Energy Gas Holdings reorganization we completed last November, is currently levered only on an intercompany basis. We currently expect this issuance in mid-year and we use proceeds to retire current level debt. Finally, as is the norm, this annual financing plan does not reflect any opportunistic refinancing activities, which may arise during the year. For example in 2019, we rebalanced the capital structure at Dominion Energy South Carolina via a series of bond repurchases. In the fourth quarter, we took advantage of an attractive financing environment to replace existing debt with an equity credit preferred security that priced at an all-time industry low. We will continue to monitor opportunities to similarly strengthen our balance sheet in an earnings supportive manner.
Turning now to the Atlantic Coast Pipeline, which Tom will address in greater detail in a moment. Since about a year ago when we announced last material increase in our estimated total capital cost for ACP, discussions have been ongoing between the project owners and the anchor shipper customers regarding the equitable sharing of those increases within the contract tariff. Those negotiations have been productive and we expect to formalize an agreement in the coming weeks. As part of those discussions, the major project customers have confirmed their willingness to take on higher project rates given the strategic importance of ACP as an alternative pipeline option to the region. As a reminder, these are 20-year take-or-pay agreements with regulated utility customers and no commodity exposure. This customer negotiation progress allows us to provide guidance related to the project's economic contribution after entering commercial service. As shown on Slide 12, we expect the 2022 contribution to be between $0.20 and $0.25 per share, which includes Supply Header and assumes a full year of commercial in-service. This estimate also reflects the transition from AFUDC to contract-based cash earnings potential. We expect this contribution to increase over time as we expand the project to be a compression and laterals. There is no change to our expected contribution this year of mid to high-teen cents per share. In related news, we are announcing today that we have agreed to acquire certain modestly sized gas transmission and storage assets from Southern Company, subject to HSR regulatory approval. The first is pivotal LNG which liquefies and delivers LNG as fuel for transportation in the Southeast US primarily from a new LNG production facility located in Jacksonville, Florida. Tom will discuss how this asset together with Cove Point support the expansion of our LNG strategy to include maritime transportation. The second asset being acquired is Southern Company's 5% stake in the Atlantic Coast Pipeline which upon closing will bring the project ownership to 53% Dominion Energy and 47% Duke Energy. Note that the governance arrangements for the project company remains such that it will continue to be recognized on an unconsolidated equity method basis in Dominion's financial statements. Likewise, there is no change to Southern Company's status as one of the anchor customers for the project through its Virginia Natural Gas local distribution company. The near-term financial impact of of the acquisition of these two assets is positive though relatively small and the increased ACP ownership is reflected in the earnings contribution estimates I provided previously. Total cash consideration for these acquisitions is around $175 million.
Turning to Santee Cooper, our interest remains limited to a management proposal arrangement designed to cooperatively improve operational efficiency from our nearly co-located utility footprints. Consistent with our previous messaging on this topic, while the potential financial impact of any such arrangement would not be a material near-term financial driver for Dominion, we are glad to participate if selected by the Department of Administration and the South Carolina General Assembly, especially if the collaborative approach results in cost savings that can be passed on to our and Santee Cooper's customers in the state. We will provide updates as warranted as the process moves into the next phase.
Finally, let me offer just a brief comment on the recent FERC order related to the PJM capacity market structure commonly referred to as MOPRets [Phonetic]. We will continue to monitor that situation as it winds toward resolution. In the mean time, we do not see this as a material financial risk for our company given the even balance of supply and demand of Dominion Energy Virginia. Further, if we determine it to be in the best interest of our customers, we have the option to make a Fixed Resource Requirement or FRR election. This would require a notification to PJM and we would also notify the Virginia State Corporation Commission and the North Carolina Utilities Commission. With that, let me conclude my remarks by reiterating the key investment themes that I spoke to on our last quarterly call. We are highly regulated with about 95% of our company's operating earnings derived from regulated and regulated-like operations. 70% of our earnings are from utility operations centered around five attractive states. Another 25% of our earnings are from FERC-regulated transmission and storage operations primarily serving utility customers under long-term capacity contracts. During 2019, we grew our regulated rate base by approximately 6%. We continue to expect five-year rate base CAGR of approximately 7%, consistent with our expectations at Investor Day. We are executing on our previously announced five-year $26 billion growth capital plan that will modernize, strengthen, and improve the sustainability of the services we offer to our customers. And finally, this customer-focused approach also benefits our shareholders as demonstrated by our growing track record of meeting and affirming our financial guidance including a 16th consecutive quarter of meeting or exceeding our guidance midpoint. I'll now turn the call over to Tom.
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Thank you, Jim and good morning. First, a reminder that safety is our first core value. On Slide 14, we have recast our historic safety results to incorporate our mergers with Questar and SCANA. As you can see, the overall trend reflects a continuous focus on employee health and welfare. Pro forma for past mergers, our companywide OSHA recordable incident rate decreased in 2019 for an 11th time over the last 13 years.
Turning now to our consistent national leadership as it relates to environmental, social, and governance matters. Over the course of the last year, we have intensified our efforts to reduce emissions of all types. As shown on Slide 15, we have already reduced carbon emissions by around 50% since 2005, which is nearly twice as much as the most recently reported industry average. We have followed a similar path for methane emissions, which have fallen by around 25% since 2010, a significant reduction driven by industry-leading efforts. Further, as shown on the next slide, we have reduced coal-fired generations contribution to companywide electricity production by 80% from 52% in 2005 to 12% in 2019 and we estimate that coal-fired generation today accounts for less than 8% of our total regulated investment base.
Turning to Slide 17, I'm pleased to announce a new commitment to achieve net zero emissions by 2050. The goal includes both carbon dioxide and methane emissions and covers all of our businesses including electricity generation and gas infrastructure. This represents a significant expansion in the company's previous greenhouse gas emission reduction goals, which included a commitment to cut methane emissions from our natural gas operations by 50% between 2010 and 2030 and carbon emissions from our power generating facilities by 80% between 2005 and 2050. Reducing emissions as fast as possible and achieving net zero emissions companywide requires immediate and direct action. That is why the company continues to make meaningful steps to extend licenses for its zero carbon nuclear generation fleet, promote customer energy efficiency programs, invest heavily in wind and solar power, reduce the amount of coal-fired generation on our system, enhance gas infrastructure leak detection, systematically replace legacy gas distribution lines, and harvest agricultural methane emissions to be repurposed as renewable natural gas. All these initiatives are included in our capital investment plan guidance through 2023 and will extend well beyond that. Over the long term, achieving these goals will require supportive legislative and regulatory policies and broader investments across the economy. This includes support for the testing and deployment of technologies such as large scale energy storage and carbon capture, which though still early stage, have the potential to reduce greenhouse gas emissions significantly when deployed in conjunction with carbon-free generation. We will never lose sight of our fundamental responsibility to customers: provision of safe, reliable, and affordable energy.
We have issued a press release this morning that addresses the topic in additional detail and you should expect to hear more about our plans, including an upcoming climate and corporate and social responsibility reports. Though certain approaches will undoubtedly evolve over the coming decades to reflect the most up-to-date assumptions, our commitment to net zero emissions will not change. I'm pleased to report that our work on reducing emissions and enhancing our ESG disclosures was recognized with a leadership rating by CDP, an influential non-profit that monitors and measures environmental impact. These ratings put Dominion Energy in the upper echelon of not just US utility companies, but all companies of all industries globally. In addition, JUST Capital, an organization that promotes corporate responsibility in partnership with Forbes has ranked Dominion among America's Top 100 Corporate Citizens. It is of course nice to receive accolades like these, but we are not declaring victory. In addition to minimizing our own operational environmental footprint, in line with the carbon and methane goals I just described, we are also embracing the notion of beyond Dominion Energy as it relates to our ability to transform the emissions profiles of our customers and energy end users.
As shown on Slide 19, in the transportation sector, which accounts for 29% of U.S. greenhouse gas emissions, we are leading the way in the development of the largest electric school bus program in the nation. We are enhancing the resiliency and flexibility of our electric grid to enable the more rapid deployment of electric vehicle charging infrastructure as enabled in Virginia by the Grid Transformation and Security Act, and we are developing infrastructure that will make liquefied natural gas compressed renewable natural gas and potentially hydrogen fuels more available and more affordable for use in transportation applications including maritime shipping vessels. In the agricultural sector, which accounts for 9% of U.S. greenhouse gas emissions, we are partnering with the nation's largest hog and dairy producers to capture methane from farm operations. These partnerships have already committed $700 million of shared investment to capture methane emissions and use RNG to serve pumps, businesses and vehicle fleets. These are large and ambitious multi-decade plans that are consistent with the spirit of Dominion Energy and nearly its 20,000 employees. Many of these efforts are well under way including our solar, offshore wind, nuclear relicensing, and energy efficiency programs. Others are in more nascent stages including our electric school bus, RNG, and marine LNG programs. Over the coming months and years, you should expect to hear more on these strategies as we work diligently to reduce the emissions profiles of our company and our customers.
I will address several of these now. Turning to Slide 20, late last year, we announced plans to install over 2.6 gigawatts of wind generation capacity approximately 27 miles off the coast of Virginia, a major milestone for a project we began developing in 2013. Since that announcement, we have achieved several additional milestones including selecting Siemens Gamesa as our preferred turbine supplier and entering into an agreement with three prominent trade unions to support the onshore electric interconnection work. We will begin ocean survey work in April, which will help to support the submission of the construction and operations plan at the end of this year. We expect to commence construction in 2024 upon timely completion of the bone [Phonetic] permitting process with full in-service by the end of 2026. We will continue to work to refine the preliminary capital cost estimate of approximately $8 billion, the vast majority of which will occur in the '24 to '26 time frame as major components are fabricated and installed. Cost reductions as well as any tax benefits that we achieve will accrue directly to the benefit of our customers. Dominion Energy Virginia will be the sole equity owner of this regulated asset. We will seek recovery via a rider from the Virginia State Corporation Commission. While the existing GTSA provides a strong framework for regulated cost recovery for offshore wind investments, legislation, which was supported by the Governor's office in recent legislative committee meetings is working its way through the current Virginia General Assembly session that, if enacted, would provide additional regulatory clarity. A related 12 megawatt pilot project will begin turbine installation in May and is expected to achieve commercial operation in late summer of this year. The lessons learned on this project will be invaluable to the successful completion of our full-scale deployment. The pilot is the first and only offshore wind project in federal waters to have completed the BOM [Phonetic] permitting process, which included a cumulative impact analysis. We expect to leverage the right of way and other work already performed under the pilot project to facilitate routing the export cable to shore and connecting to the onshore electric transmission system.
Also in Virginia, our weather normalized sales increased 1.4% year-over-year driven primarily by increased data center and residential demand. We connected nearly 34,000 new accounts, about 10% more than last year including 26 data centers which set another annual record. Earlier this year, PJM revised upwards their peak load assumptions for our service territory to reflect, among other things, continued strong data center growth. PJM's DomZone summer peak load growth is now expected to be 1.2% per year over the next 10 years and 1% annually over the next 15 years. These rates are double the PJM systemwide growth rates and rank our zone as one of the fastest growing regions among the 13 states that comprise PJM.
Turning to Slide 21, last month, the State Corporation Commission approved our U.S. forward solar CPCN application, the second such approval in the last 12 months. We expect subsequent rider approval in April. Overall, we have now achieved 57% of our commitment to Virginians to have 3,000 megawatts of solar in development or in operation by the end of 2021. To date and inclusive of around $800 million of spending in 2019 alone, Dominion Energy's enterprise wide total solar investment now stands at approximately $4 billion with an additional nearly $3 billion expected through 2023. We anticipate continued solar investment for years to come, which is why we expect to improve our current ranking of fourth among the largest utility owners of solar in the country. Phase 2 of our grid modernization program is before the commission. Representing around $500 million of capex, the request includes deployment of automated metering, a new customer information platform, and investments in grid resiliency and telecommunications that are essential to delivering the products and services that our customers desire and which provide for a system more capable of withstanding climate-related risks. We are optimistic that we will receive approval next month.
Our other investment programs shown on Slide 22 such as electric transmission, nuclear relicensing, distribution undergrounding, pumped storage, renewable enabling quick start generation, and rural broadband are tracking in line with our expectations. Virginia General Assembly has been in session for about five weeks and is scheduled to conclude in less than a month. There are two proposals currently pending that I believe warrant highlighting. One is related to offshore wind, which I previously addressed. The other relates to our nation-leading initiative to replace diesel with electric school buses. We have already selected a vendor and worked with local school districts in our service territory to allocate an initial delivery of 50 school buses by year-end. Pending legislation calls for replacing an additional 1,500 buses by 2025, representing an estimated Dominion capital investment of approximately $400 million, which will be eligible for cost recovery subject to commission approval. Ultimately, we would replace all 13,000 diesel school buses in our Virginia service territory. Not only will this effort dramatically improve the air quality for our students and their communities, it will provide valuable real world experience with vehicle-to-grid battery technology as the first 1,500 buses while idle, represent up to 60 megawatts of effective battery storage. We are monitoring other active pieces of legislation, all of which we expect to represent a reasonable and balanced approach to statewide energy policy priorities.
Turning now to South Carolina on Slide 23, we are pleased with the work done by our team members to provide for smooth integration while maintaining their historically excellent levels of reliability and customer service. Around mid-year, we plan to file an electric rate case as stipulated in the merger agreement. Our most recent earned return was around 7.5% and our current authorized return is 10.25%. The most significant driver of the under earnings is related to normal course safety, customer growth, and reliability utility investment over the last eight years, it is not currently captured in rates. We believe the case will conclude by year-end with an outcome that appropriately balances the interests of customers and shareholders.
Turning to Gas Distribution. Recently, we have begun to hear of investor concern that at least in some states municipal level ordinances could limit overall demand growth for natural gas utility service. While that may be true elsewhere, we simply do not see any evidence of slowing customer or investment growth in the states in which we operate gas utilities: Utah, Idaho, Wyoming, Ohio, West Virginia, North Carolina, and South Carolina. Compounded annual customer growth across this segment was 1.5% over the last three years and as high as 2.6% in Utah and North Carolina with no signs of abating anytime soon. For many of our customers, the alternative to natural gas for home heating is fuel oil or even wood, which have significantly higher carbon signatures and in certain communities within reach of our system, a lack of energy infrastructure is constraining growth and impacting every day quality of life. Further, we are an industry leader in minimizing the emissions footprint of natural gas utility operations including through promoting energy efficiency, utilizing innovative technologies, and increasing access for our customers to renewable natural gas. We also continue to invest hundreds of millions of dollars every year in modernizing our distribution infrastructure, which improves safety, reduces emissions, and is recoverable in the form of riders or trackers that will continue over the course of at least the next decade. Regulators continue to approve new investments like our on system peaking storage facility in Utah that will improve system reliability for decades to come. Our Gas Distribution segment is focused on being part of the solution to a sustainable future.
Finally, let me now discuss our Gas Transmission and Storage business. First RNG, we are the largest agricultural waste energy investor in the United States with investments of $700 million across our partnerships over the next 10 years. These investments will grow as the offtake market matures. Through these efforts, we capture otherwise fugitive methane from livestock and convert it to pipeline quality natural gas for use in homes, businesses, and vehicle fleets. Every captured unit of methane is the equivalent of eliminating 25 units of carbon dioxide. Dominion is uniquely positioned to lead the industry in this effort given the geography of our assets. At Investor Day last year, we identified marine LNG as one of the many innovative ideas we were working to advance. By way of background, crews and cargo vessels primarily consume diesel or fuel oil, each of which is a major contributor of greenhouse gas and other emissions. The maritime industry is taking steps encouraged by recent global regulation to reduce its emissions footprint, which is expected to result in a material shift to LNG. This expected growth in LNG is a fuel source, allows Dominion an attractive opportunity to provide natural gas liquefaction and LNG distribution services to a growing list of maritime customers. As Jim mentioned, we are acquiring an interest in existing Florida-based operation that currently services marine vessels with an onshore liquefier coupled with marine fuel delivery infrastructure. Customer contracts in this business are typically long-term take-or-pay with no commodity exposure. This initial acquisition will support a broader marine LNG strategy that would include Cove Point where we are partnering with an existing export customer to redirect a portion of their liquefied natural gas inventory to provide LNG to constrained markets along the East Coast and to provide fuel for marine vessels under zero commodity risk take-or-pay contracts. Importantly, this arrangement does not and will not alter the existing 20-year take-or-pay export contract revenues or terms. Though modest initially, this market has the potential to support the significant decarbonization of the country's marine industry in addition to dramatically reducing pollution at our nation's ports. Overall, inclusive of the acquisition from Southern Company, we expect to deploy approximately $200 million on this strategy over the next five years. This is an innovative element of our long-term Beyond Dominion Energy effort to help our customers new and old meet their emissions reduction targets.
Turning now to an update on activities related to the Atlantic Coast Pipeline as shown on Slide 24. Two weeks from yesterday, the Supreme Court will hear oral arguments related to the Appalachian Trail crossing aspect of our U.S. Forest Service permit. We remain optimistic that the court will issue an order reversing the Fourth Circuit in the May or June time frame. We continue to work with U.S. Fish and Wildlife Service on a reissued biological opinion and are pleased that FERC reinitiated formal consultation yesterday. We applaud the service for taking the time to consider thoroughly the feedback provided by the court during the prior judicial proceedings and we believe an updated biological opinion will be issued during the first half of this year. Upon receipt of the updated biological opinion, we intend to notify FERC and anticipate thereafter the recommencement of construction across major portions of the pipeline. We're also pleased with the progress related projects nationwide 12 permit, which was issued by and subsequently voluntary remanded to the U.S. Army Corps of Engineers. Last month, the core adopted repromulgated regulations that would allow for ACP to seek reissuance of the permit. As it relates to the Buckingham County compressor station air permit which was vacated late last year, I repeat my message from our lastearnings call we can deliver a very material amount of contracted volumes to customers on our existing schedule even if permit resolution delays the in-service date of the projects third compression station. We are working on a number of solutions, which we expect will resolve the issue during the second half of this year. We believe that the options we are evaluating will satisfy the court's concerns, which centered on process, not the substance of the permit itself. Based on our expectation of the biological opinion being reissued during the first half of the year, we are confirming our project timeline that calls for construction completion by the end of next year and commissioning to be completed shortly thereafter. Project cost of approximately $8 billion are in line with the high-end of the judicial option range we provided about a year ago. This estimate incorporates the various potential approaches to permitting issues and construction plans and timing, including as it relates to the Buckingham compressor station, which are being contemplated in the customer discussions that Jim described. Also have noted, we have agreed to acquire the 5% ownership in the project from Southern Company, further underscoring our confidence in the successful completion of the project.
With that, I will summarize today's call as follows: our first value is safety and we achieved another year of record safety performance. We introduced a net zero emissions by 2050 target that accounts for carbon and methane emissions across both electric and gas operations. We achieved weather normalized operating earnings that exceeded the midpoint of our guidance range for the 16th consecutive quarter. We further improved our credit metrics and successfully completed the restructuring of our operating segments. We introduced 2020 earnings guidance that represents a 5% year-over-year increase consistent with previous messaging we confirmed our earnings-per-share growth expectations of 5% plus post 2020, and we are making significant progress across our capital investment programs to the benefit of our customers. We will now be happy to answer your questions.
Questions and Answers:
Operator
Thank you, ladies and gentlemen, at this time. The floor is open for questions. [Operator Instructions] Our first question comes from Shar Pourreza with Guggenheim Partners.
Shar Pourreza -- Guggenheim Partners -- Analyst
Hey, good morning guys.
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Good morning.
Shar Pourreza -- Guggenheim Partners -- Analyst
Thanks for the additional disclosures on the ACP slides. With the AFUDC rate versus returns once gas is flowing, can you just elaborate if you're expecting any sort of step down there in your assumptions. I guess what returns are you kind of assuming in your $0.20 to $0.25 per share contribution once the pipe is in service post these contract negotiations and curious if these negotiations built in any potential further cost increases?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Shar, good morning, it's Jim. Thanks for that. Yeah, there have been, as we said in our prepared remarks, quite substantial discussions with the anchor customers, the anchor shippers and those discussions don't really revolve around ROE, it revolves around a rate. So what the guidance we've given is for the first full year of operation at that rate and that will of course imply an ROE which of course do the math on but it's reflective of the expected rate for the anchor shippers. Now when you do calculate that ROE that's implied by that math, you'll get to a number that is reflective of the first full year of operation only, meaning over time as that project expands through laterals or compression or whatever, that's not reflected in that year one ROE, but that will all flow from the input which is an agreed upon customer rate and cost.
Shar Pourreza -- Guggenheim Partners -- Analyst
Got it and then, is there a point in time, Jim, that you can sort of update us on laterals and compression. Is there -- and then where sort of your intentions are there at that point?
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
No, what we can say is that we are optimistic that there will be expansions over time. Sorry, this is Diane Leopold, but we're right now focused on getting the base project in.
Shar Pourreza -- Guggenheim Partners -- Analyst
Okay, got it, guys. This was terrific. Thanks so much.
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Thanks, Shar.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thank you.
Operator
Thank you. Our next question comes from Greg Gordon with Evercore ISI.
Greg Gordon -- Evercore ISI -- Analyst
Thanks, good morning.
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Good morning.
Greg Gordon -- Evercore ISI -- Analyst
Hey, Tom, I may have -- you covered a lot and you've made a ton of progress, so congratulations. I don't recall if you mentioned whether you think there'll be any substantial legislative activity in Virginia this year and if so, what should we be monitoring?
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Thanks, Greg. We mentioned two things in particular. The legislation that would allow for up to 1,500 diesel school buses to be converted to electric between now and 2025 and there are bills in both the House and Senate that are working their way through. Today is what we call crossover day in Virginia where each of the houses has to finish work on its own bills. So the House has to finish work on all House bills and then everything goes over to the Senate and they can no longer work on House Bills after tonight and the same is true for the Senate. So there are bills on the electric school bus in both houses and there are bills related to providing even further regulatory clarity around our 2.6 gigawatt offshore wind farm. Other than that, Greg, there has been a large amount of legislative activity. Some bills are no longer viable, others are and we just are monitoring all those working on them. Until they work their way through the legislative process, it's really, it's premature to comment on them.
Greg Gordon -- Evercore ISI -- Analyst
Great. And what would be, what's your expected -- let me reword this, what would be the outcome that you would expect coming from the legislation with regard to offshore wind if it does pass and what type of regulatory framework would that entail?
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Well, again, Greg, just the bills are there pending and I think they speak for themselves. They have language in them that increase regulatory clarity.
Greg Gordon -- Evercore ISI -- Analyst
Okay, thank you. I'll go take a read. Appreciate it. Take care.
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Thank you.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thanks, Greg.
Operator
Thank you. Our next question comes from Michael Weinstein with Credit Suisse.
Michael Weinstein -- Credit Suisse -- Analyst
Hi guys.
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Good morning.
Michael Weinstein -- Credit Suisse -- Analyst
Good morning. Hey, what impact does the FERC MOPR have on Virginia, the offshore wind projects and what is your, I guess your decision process at MEPCO versus an FRR tariff?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Hey Michael, it's Jim, let me start there. We, as mentioned, we don't expect that MOPR as proposed will have really any financial impact on Dominion. As you know, our capacity and load in Virginia -- Dominion Energy Virginia is pretty well balanced. So no near-term impact and if we foresaw that some change with MOPR in PJM rules would mean that we would not be potentially receiving capacity payments on new build generation. We could very easily, in the interest of our customers in Virginia, just elect that FRR option, which we think is pretty straightforward. It already exists for another utility in the Virginia regulatory framework. So we just don't see the MOPR in general being an impact to our business one way or the other.
Michael Weinstein -- Credit Suisse -- Analyst
Okay, so for now, I mean I guess later on, you might make make that election if it does impact the ability to bid into the auction for the offshore wind, correct?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Correct.
Michael Weinstein -- Credit Suisse -- Analyst
One other question, the $8 billion for ACP is a little higher. I guess you are at the high end of the range now. What are some of the factors that are pushing that up toward the high end of the range? Is it the Buckingham issue or something else?
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
Hi, this is Diane Leopold again. So we've run a lot of scenarios incorporating where we are with permitting issues and based on the timing of that, construction scenarios, certainly including Buckingham compressor station options and all of those have been taken into account and the customer negotiations that are factoring into revised rate but really that's what took us to the $8 billion, which is in line or just above the high end of that judicial option range.
Michael Weinstein -- Credit Suisse -- Analyst
Okay, got it. Thank you very much.
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Thank you.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thank you.
Operator
[Operator Closing Remarks]
Duration: 58 minutes
Call participants:
Steven Ridge -- Vice President, Investor Relations
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer
Diane Leopold -- Executive Vice President and Co-Chief Operating Officer
Shar Pourreza -- Guggenheim Partners -- Analyst
Greg Gordon -- Evercore ISI -- Analyst
Michael Weinstein -- Credit Suisse -- Analyst
More D analysis
All earnings call transcripts
10 stocks we like better than Dominion Energy, Inc
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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*Stock Advisor returns as of December 1, 2019
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer Good morning. Let me start by saying that we have a lot of ground to cover on today's call, which reflects the exciting progress we're making on our investment program, our financial targets, and on our ESG efforts including the introduction of an enterprisewide net zero emissions initiative. Our other investment programs shown on Slide 22 such as electric transmission, nuclear relicensing, distribution undergrounding, pumped storage, renewable enabling quick start generation, and rural broadband are tracking in line with our expectations.
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Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer Good morning. Select drivers in 2020 as compared to 2019 include increased earnings from regulated investment growth across our electric and gas businesses, lower interest expense due to lower average debt balances and a lower rate environment, the full year impact of the Millstone Zero-Carbon contract, and lower depreciation expense associated with an anticipated extension of the useful life assumption for our regulated nuclear plants in Virginia. That is why the company continues to make meaningful steps to extend licenses for its zero carbon nuclear generation fleet, promote customer energy efficiency programs, invest heavily in wind and solar power, reduce the amount of coal-fired generation on our system, enhance gas infrastructure leak detection, systematically replace legacy gas distribution lines, and harvest agricultural methane emissions to be repurposed as renewable natural gas.
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Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer Good morning. Select drivers in 2020 as compared to 2019 include increased earnings from regulated investment growth across our electric and gas businesses, lower interest expense due to lower average debt balances and a lower rate environment, the full year impact of the Millstone Zero-Carbon contract, and lower depreciation expense associated with an anticipated extension of the useful life assumption for our regulated nuclear plants in Virginia. First, that the strategic progression of our company has resulted in having approximately 95% of our operating earnings derived from regulated and regulated-like operations and second that around 70% of our operating earnings come from state regulated utility operations centered around five highly attractive states including Virginia, North Carolina, South Carolina, Ohio, and Utah.
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Thomas F. Farrell, II -- Chairman, President and Chief Executive Officer Good morning. We now have distinct and aligned financing entities related to our Dominion Energy Virginia, Dominion Energy South Carolina, and Gas Transmission and Storage operating segments. The most significant driver of the under earnings is related to normal course safety, customer growth, and reliability utility investment over the last eight years, it is not currently captured in rates.
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699152.0
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2020-02-11 00:00:00 UTC
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Dominion Energy Guides FY20 Operating Earnings In Line With Estimates
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https://www.nasdaq.com/articles/dominion-energy-guides-fy20-operating-earnings-in-line-with-estimates-2020-02-11
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(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Dominion Energy, Inc. (D) initiated its operating earnings guidance for the full-year 2020, and provided operating earnings outlook for the first quarter.
For fiscal 2020, the company now projects operating earnings in a range of $4.25 to $4.60 per share. On average, analysts polled by Thomson Reuters expected the company to report earnings of $4.38 per share for the year. Analysts' estimates typically exclude special items.
Dominion Energy also expects first quarter operating earnings in the range of $1.05 to $1.25 per share, while the Street is looking for earnings of $1.08 per share for the quarter.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Dominion Energy, Inc. (D) initiated its operating earnings guidance for the full-year 2020, and provided operating earnings outlook for the first quarter. On average, analysts polled by Thomson Reuters expected the company to report earnings of $4.38 per share for the year. Analysts' estimates typically exclude special items.
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(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Dominion Energy, Inc. (D) initiated its operating earnings guidance for the full-year 2020, and provided operating earnings outlook for the first quarter. On average, analysts polled by Thomson Reuters expected the company to report earnings of $4.38 per share for the year. Dominion Energy also expects first quarter operating earnings in the range of $1.05 to $1.25 per share, while the Street is looking for earnings of $1.08 per share for the quarter.
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(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Dominion Energy, Inc. (D) initiated its operating earnings guidance for the full-year 2020, and provided operating earnings outlook for the first quarter. Dominion Energy also expects first quarter operating earnings in the range of $1.05 to $1.25 per share, while the Street is looking for earnings of $1.08 per share for the quarter. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts' estimates typically exclude special items. Dominion Energy also expects first quarter operating earnings in the range of $1.05 to $1.25 per share, while the Street is looking for earnings of $1.08 per share for the quarter. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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699153.0
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2020-02-11 00:00:00 UTC
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Dominion Energy, Inc. Q4 adjusted earnings Beat Estimates
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https://www.nasdaq.com/articles/dominion-energy-inc.-q4-adjusted-earnings-beat-estimates-2020-02-11
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(RTTNews) - Dominion Energy, Inc. (D) revealed a profit for its fourth quarter that increased from the same period last year.
The company's profit came in at $1.10 billion, or $1.32 per share. This compares with $0.64 billion, or $0.97 per share, in last year's fourth quarter.
Excluding items, Dominion Energy, Inc. reported adjusted earnings of $988 million or $1.18 per share for the period.
Analysts had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 33.3% to $4.48 billion from $3.36 billion last year.
Dominion Energy, Inc. earnings at a glance:
-Earnings (Q4): $988 Mln. vs. $592M. last year. -EPS (Q4): $1.18 vs. $0.89 last year. -Analysts Estimate: $1.16 -Revenue (Q4): $4.48 Bln vs. $3.36 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy, Inc. (D) revealed a profit for its fourth quarter that increased from the same period last year. Excluding items, Dominion Energy, Inc. reported adjusted earnings of $988 million or $1.18 per share for the period. Analysts had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters.
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Excluding items, Dominion Energy, Inc. reported adjusted earnings of $988 million or $1.18 per share for the period. Dominion Energy, Inc. earnings at a glance: -Earnings (Q4): $988 Mln. (RTTNews) - Dominion Energy, Inc. (D) revealed a profit for its fourth quarter that increased from the same period last year.
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(RTTNews) - Dominion Energy, Inc. (D) revealed a profit for its fourth quarter that increased from the same period last year. Excluding items, Dominion Energy, Inc. reported adjusted earnings of $988 million or $1.18 per share for the period. Analysts had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters.
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(RTTNews) - Dominion Energy, Inc. (D) revealed a profit for its fourth quarter that increased from the same period last year. Excluding items, Dominion Energy, Inc. reported adjusted earnings of $988 million or $1.18 per share for the period. Analysts had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters.
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699154.0
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2020-02-06 00:00:00 UTC
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Is Duke Energy Stock a Buy?
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https://www.nasdaq.com/articles/is-duke-energy-stock-a-buy-2020-02-06
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Hot isn't a word you'd even remotely associate with utility stocks, but what if Duke Energy (NYSE: DUK) is the hot investment you've been ignoring all along? Duke's lackluster performance in the past year or so compared with rivals such as Dominion Energy (NYSE: D) has miffed investors, but so far this year, the stock has mirrored the performance of the Dow Jones Utility Index, which is holding up firmly. Could that mean Duke Energy is a top utility stock buy now, at a time when the rally in most utility stocks has triggered valuation concerns?
While there are several factors to consider before buying a stock, it boils down to these three for utility stocks in my opinion: the company's operational growth prospects, the dividend, and the stock's valuation.
How Duke Energy makes money
For a traditional utility like Duke Energy, earnings growth comes primarily from increases in the rates of services that depend a great deal on the amount of money the company spends on infrastructure, particularly if it's a regulated utility. A regulated utility owns all power generation, transmission, and distribution lines, and therefore enjoys a monopoly, in a particular region. The rates for electricity and gas for such regulated utilities, however, are decided by the state public utility commissions. Companies that regularly invest to expand and modernize infrastructure while improving energy efficiency are better positioned to win timely rate approvals from state regulators.
Duke Energy is fully regulated, providing electricity to nearly 7.7 million customers in six states in the U.S. -- North Carolina, South Carolina, Ohio, Kentucky, Florida, and Indiana -- and natural gas to roughly 1.6 million customers in North and South Carolina, Ohio, Kentucky, and Tennessee.
Image source: Getty Images.
But how does a utility make more money when regulators fix rates? The thing is, the rates are such that they cover a utility's costs as well as allow a reasonable return on equity. So, for example, Duke has requested a return on equity of 10.3% in the Carolinas in its latest rate case filings. If approved, the rates should be effective from the third quarter of 2020.
So far, Duke has managed to win meaningful base rate approvals. During the nine months ended Sept. 30, Duke's GAAP earnings per share (diluted) jumped to $4.18 from $3.11. The company's capital and investments expenditures increased 20% to roughly $8.4 billion during the period, nearly three-quarter of which was invested in electric utilities and infrastructure. Management even upped its outlook for financial year 2019, narrowing its adjusted earnings guidance to $4.95-$5.15 a share. That's minimum 5% growth from 2018.
The good news is that between 2019 and 2023, Duke aims to invest $37 billion to drive 4%-6% growth in adjusted EPS. On the flip side, all of that upcoming earnings growth may not benefit existing shareholders as much, thanks to equity dilution.
Aggression: Missing where it's needed
Much of the growth in Duke Energy's natural gas business depends on the 600-mile interstate Atlantic Coast Pipeline (ACP), a joint venture, with Duke owning 47%, Dominion Energy 48%, and The Southern Company the remaining.
Several setbacks have delayed ACP and jacked up costs. Duke investors were caught off guard when during its Q3 earnings release, the company announced a further delay and said it doesn't expect any revenue off the pipeline until early to-mid 2022. Worse yet, with the total minimum estimated cost of the project -- corroborated by Dominion Energy -- going up to $7.3 billion-$7.8 billion, Duke's management plans to issue equity worth $2.5 billion this year to fund the project. That'll dilute existing shareholder wealth.
While Dominion has been issuing equity too, Duke has a heavier debt load to take care of.
Data source: YCharts.
Then there's Duke's slow approach to clean energy that's put investors off. Competition in a regulated electricity market, if any, is primarily from producers of alternative energy that could encourage customers to switch. It's not surprising, then, that utilities are betting big on renewables. Duke hasn't been as aggressive on this front, though, and still relies heavily on coal for power generation.
For a better perspective, here's a breakdown of how much different fuel types contributed to Duke's and Dominion's total electricity generation in 2018.
FUEL DUKE ENERGY DOMINION ENERGY
Nuclear 32% 43%
Natural gas 32% 39%
Coal 31% 12%
Hydro, wind, solar, biomass 5% 5%
Other NA 1%
Data source: Duke Energy and Dominion Energy investor presentations.
Realizing It was only late last year that Duke announced plans to cut carbon emissions by 50% by 2030, similar to Dominion Energy's goals. By 2030, Duke expects natural gas to be the largest contributor at 41% and for coal's share to fall to 15%. But with Dominion setting out concrete future plans such as the largest offshore wind farm in the country, investors expect more from Duke Energy on the clean energy front.
There are better utility stocks to buy now
Duke's projected long-term earnings growth of 4%-6% looks achievable. However, investors want a growing dividend as a buffer to potential ACP cost overruns.
Duke has increased dividends every year for decades, but it raised it by a meager 2% last July. Now Dominion offered a similar increase to its shareholders but its yield is also higher than Duke's 3.9%. With the debt and equity overhang valid concerns and Duke shares already trading at a price-to-earnings ratio close to its five-year average of around 21, there might be better utility stocks out there to buy now.
10 stocks we like better than Duke Energy
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Duke Energy wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Companies that regularly invest to expand and modernize infrastructure while improving energy efficiency are better positioned to win timely rate approvals from state regulators. Duke investors were caught off guard when during its Q3 earnings release, the company announced a further delay and said it doesn't expect any revenue off the pipeline until early to-mid 2022. With the debt and equity overhang valid concerns and Duke shares already trading at a price-to-earnings ratio close to its five-year average of around 21, there might be better utility stocks out there to buy now.
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How Duke Energy makes money For a traditional utility like Duke Energy, earnings growth comes primarily from increases in the rates of services that depend a great deal on the amount of money the company spends on infrastructure, particularly if it's a regulated utility. Duke Energy is fully regulated, providing electricity to nearly 7.7 million customers in six states in the U.S. -- North Carolina, South Carolina, Ohio, Kentucky, Florida, and Indiana -- and natural gas to roughly 1.6 million customers in North and South Carolina, Ohio, Kentucky, and Tennessee. Nuclear 32% 43% Natural gas 32% 39% Coal 31% 12% Hydro, wind, solar, biomass 5% 5% Other NA 1% Data source: Duke Energy and Dominion Energy investor presentations.
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Could that mean Duke Energy is a top utility stock buy now, at a time when the rally in most utility stocks has triggered valuation concerns? How Duke Energy makes money For a traditional utility like Duke Energy, earnings growth comes primarily from increases in the rates of services that depend a great deal on the amount of money the company spends on infrastructure, particularly if it's a regulated utility. Aggression: Missing where it's needed Much of the growth in Duke Energy's natural gas business depends on the 600-mile interstate Atlantic Coast Pipeline (ACP), a joint venture, with Duke owning 47%, Dominion Energy 48%, and The Southern Company the remaining.
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While there are several factors to consider before buying a stock, it boils down to these three for utility stocks in my opinion: the company's operational growth prospects, the dividend, and the stock's valuation. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Duke Energy wasn't one of them!
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699155.0
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2020-02-06 00:00:00 UTC
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D Added as Top 10 Utility Dividend Stock With 4.43% Yield
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https://www.nasdaq.com/articles/d-added-as-top-10-utility-dividend-stock-with-4.43-yield-2020-02-06
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Dominion Energy Inc (Symbol: D) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among utilities, D shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent D share price of $84.92 represents a price-to-book ratio of 2.5 and an annual dividend yield of 4.43% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.6% and trades at a price-to-book ratio of 2.7. The report also cited the strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
The annualized dividend paid by Dominion Energy Inc is $3.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/27/2020. Below is a long-term dividend history chart for D, which Dividend Channel stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
The Top 10 DividendRank'ed Utility Stocks »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The report also cited the strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
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The report noted that among utilities, D shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent D share price of $84.92 represents a price-to-book ratio of 2.5 and an annual dividend yield of 4.43% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.6% and trades at a price-to-book ratio of 2.7. The report also cited the strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points.
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Dominion Energy Inc (Symbol: D) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. For example, the recent D share price of $84.92 represents a price-to-book ratio of 2.5 and an annual dividend yield of 4.43% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.6% and trades at a price-to-book ratio of 2.7. The annualized dividend paid by Dominion Energy Inc is $3.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/27/2020.
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Dominion Energy Inc (Symbol: D) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report also cited the strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation.
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699156.0
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2020-02-04 00:00:00 UTC
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7 Utility Stocks to Buy That Offer Juicy Dividends
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https://www.nasdaq.com/articles/7-utility-stocks-to-buy-that-offer-juicy-dividends-2020-02-04
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When growth is going, people look askance at utilities.
TheyâÂÂre boring. They arenâÂÂt big growers. TheyâÂÂre reliable.
I remember when the dot-com boom was near its height, there were plenty of brokers and financial talking heads saying growth was the new income. Ditch your boring utilities and total return stocks and get into the growth.
We see how that turned out.
Having rock-solid companies underpin your portfolio may not be sexy, but it is practical and profitable. And itâÂÂs especially valuable in markets like this one.
Sure, stocks continue on their upward rise, but volatility is creeping in. And in volatile markets itâÂÂs very good to have stocks with steady growth and shareholder friendly dividends.
Even though I run a newsletter calledà, IâÂÂll be the first to tell you that long-term investing success is all about balance. While growth stocks may be more fun, also having some surefire security will feel good in the long term. And even in the short term, it will feel good if things get dicey.
These seven utility stocks with juicy dividends fit that bill and all are Portfolio Grader âÂÂbuyâ rated.
Utility Stocks to Buy: Dominion Energy (D)
Source: ying / Shutterstock.com
Dividend Yield:ÃÂ 4.4%
Dominion Energy (NYSE:) is a diversified utility that operates its primary electric utility business in Virginia and in some parts of the Carolinas.
That means it encompasses the Washington, D.C. metropolitan area including the Pentagon as well as a key point of the internetâÂÂs backbone. It also includes the Tidewater area where one of the U.S. NavyâÂÂs biggest ports is and one of the worldâÂÂs largest shipyards. It has 7.5 million customers
It has a very good relationship with state regulators and has a reliable, regulated business.
Its growth kicker is its unregulated business. ThatâÂÂs where can sell its energy and natural resources (like natural gas) on the free market to states and industries. Dominion is a big player in natural gas. And it has a natural gas terminal in Maryland where itâÂÂs preparing to export liquefied natural gas (LNG) abroad where prices are much higher.
It is also moving aggressively into renewables that it can then sell to other utilities or wholesale customers for tax credits.
The stock is up 21% in the past year, yet it still delivers a rich and reliable 4.4% dividend.
NextEra Energy Partners (NEP)
Source: madamF / Shutterstock.com
Dividend Yield:ÃÂ 3.7%
NextEra Energy Partners (NYSE:) is a limited partnership that was spun off of the Florida-based utility NextEra Energy (NYSE:).
Basically, NEE uses NEP to run its renewable energy business. And itâÂÂs going pretty well, since NEE is the worldâÂÂs largest producer of wind and solar energy. That means NEP is the division thatâÂÂs getting it done.
Renewables are in very big demand now, and not just because itâÂÂs a feel-good choice. Given some of the challenges with fossil fuels, renewables in their current state are more reliable options and can be cheaper than fossil fuels. And it looks like that trend will continue.
Since this is the unregulated side of the business, NEP sells its energy all over the country, as well as to its parent company.
The limited partnership status means it pays its net revenue to shareholders in the form of a dividend, which now sits near 3.7%. The stock is up 40% in the past year. So, while I certainly believe in owning Elite Dividend Payers (and have an entire set of recommendations with the name), at , NextEraâÂÂs investor shares are actually one of our High-Growth Investments.
Duke Energy (DUK)
Source: jadimages / Shutterstock.com
Dividend Yield:ÃÂ 3.9%
Duke Energy (NYSE:) is another major Southern utility. It has been around since 1900 and has more than 7.7 million subscribers to its regulated business.
Its regulated service area is the Carolinas, but it has unregulated operations across the U.S. and in Canada as well.
Duke was one of the pioneers in renewable energy, which had a mixed impact. At the time, pursuing renewables was expensive and didnâÂÂt get any support from government regulators.
Most other utilities shied away, and what Duke did build was more for experiment than profit.
But now, it is a leader in the field and is benefiting from its experiences in the sector. Like many of Mid-Atlantic and Southern utilities, it also operates nuclear facilities and has a robust natural gas business as well.
The stock is up almost 11% in the past 12 months, and it offers a rock-solid 3.9% dividend.
TerraForm Power (TERP)
Source: Shutterstock
Dividend Yield:ÃÂ 4.5%
TerraForm Power (NASDAQ:) is a new-generation energy company. It isnâÂÂt a utility, but a power company.
The easiest way to think about TERP is like a modern version of an oil company, but with renewable resources. It has wind and solar farms across the U.S. and Western Europe, and it then sells that power to utilities and industries.
The two compelling arguments for this kind of company now are both financial. First, many companies and utilities need to offset their carbon emissions with clean energy but donâÂÂt want to build and operate their own renewable sites.
Second, the price of renewable energy is now competitive with many older fossil fuels. And companies get tax credits for using the electricity generated from wind and solar.
TerraForm stock is up more than 50% in the past 12 months, which is impressive. But you have to remember it doesnâÂÂt have a regulated side of its business, which helps in this market.
It sports an impressive 4.5% dividend as well. Just remember it has a $4 billion market capitalization, so itâÂÂs on the small side when it comes to utilities or utility-heavy businesses.
Southern Company (SO)
Source: 360b / Shutterstock.com
Dividend Yield:ÃÂ 3.5%
Southern Company (NYSE:) is one of the bluest of all blue-chip electric utilities. Its brethren on the East Coast â Dominion and Duke â are arguably the most solid big utilities in the U.S.
Like the others, SO is big, diversified and knows how to manage its businesses during any economic cycle. ThatâÂÂs the kind of business model that tends to do well inà. SO is also the only utility in the country that is actually building a new nuclear reactor.
And even when that project went sideways a couple years back, SO grabbed the reins and got it back on track, barely missing a beat.
It has 9 million gas and utility customers across six southern states and has power plants in several others. Its $74 billion market cap gives you an idea of its size.
The stock is up more than 45% in the last year, yet itâÂÂs trading at a trailing price-to-earnings ratio of 16. It also has a rich and reliable 3.5% dividend.
Clearway Energy (CWEN)
Source: Pavel Kapysh / Shutterstock.com
Dividend Yield:ÃÂ 3.7%
Clearway Energy (NASDAQ:) is another 21st century power company that solely focuses on renewable energy resources. It has facilities in 25 states and generates 4.3 gigawatts of power that it sells in the unregulated market across the U.S.
Its operations allow its customers to offset about 9 million tons of carbon dioxide a year in carbon taxes and renewables incentives. It also has a small portfolio of geothermal operations.
CWEN stock is one of the small companies listed here, with about $4.2 billion in market cap. ThatâÂÂs still a decent sized company and itâÂÂs in a growth industry, so its growth is crucial to its long-term success at this point.
And that growth seems to be going well. The stock is up 41% in the past year, while still delivering a healthy 3.7% dividend. ItâÂÂs one of the more aggressive choices, but continues to hit all the right notes.
FirstEnergy (FE)
Source: IgorGolovniov / Shutterstock.com
Dividend Yield:ÃÂ 3%
FirstEnergy (NYSE:) is a big Midwestern utility that came into being in 1996 when Ohio Edison bought Centerior Energy.
It currently has regulated operations in Ohio, Pennsylvania, West Virginia, Virginia, Maryland and New Jersey, with 6 million customers. It operates in some of the more far-flung states as a result of acquisitions of local and regional power companies.
In 2018, its power generation subsidiary FirstEnergy Solutions filed for bankruptcy, looking to close some coal-fired plants and its nukes. This has little bearing on parent FirstEnergy and continues to wind its way through the courts for various regulatory reasons.
The company has solid, diversified markets across a number of states, which is helpful. With a $28 billion market cap, itâÂÂs a solid company.
The stock is up 32% this past year and has a reliable 3% dividend. It just goes to show, as any subscriber can tell you, there is no need to choose between growth and income; you can find both.
IâÂÂm Optimistic for 2020
Outside of utilities, thereâÂÂs one company in particular that I expect to do exceptionally well this year. ItâÂÂs a growth stock in the artificial intelligence (AI) space and it offers a dividend, so it offers a rare one-two punch of high growth and income, just like the stocks I talked about today.
I call it myÃÂ .
It is the company that makes the âÂÂbrainâ that all AI software needs to function, spot patterns and interpret data.
IâÂÂll tell you everything you need to know, as well as my buy recommendation, in my special report forà.àThe stock is currently sitting pretty with about a 45% return on myà, but it still under my buy limit price âÂÂàso youâÂÂll want toà. That way, you can get in while you can still do so cheaply.
I also recently recommended a new AA-rated Elite Dividend Payers stock. ItâÂÂs in the insurance industry and has paid a dividend for a whopping 105 consecutive quarters.
.
Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system â with . In his latest feat, Louis discovered the âÂÂMaster Keyâ to profiting fromàthe biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I remember when the dot-com boom was near its height, there were plenty of brokers and financial talking heads saying growth was the new income. First, many companies and utilities need to offset their carbon emissions with clean energy but donâÂÂt want to build and operate their own renewable sites. In 2018, its power generation subsidiary FirstEnergy Solutions filed for bankruptcy, looking to close some coal-fired plants and its nukes.
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Utility Stocks to Buy: Dominion Energy (D) Source: ying / Shutterstock.com Dividend Yield:ÃÂ 4.4% Dominion Energy (NYSE:) is a diversified utility that operates its primary electric utility business in Virginia and in some parts of the Carolinas. NextEra Energy Partners (NEP) Source: madamF / Shutterstock.com Dividend Yield:ÃÂ 3.7% NextEra Energy Partners (NYSE:) is a limited partnership that was spun off of the Florida-based utility NextEra Energy (NYSE:). TerraForm Power (TERP) Source: Shutterstock Dividend Yield:ÃÂ 4.5% TerraForm Power (NASDAQ:) is a new-generation energy company.
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Utility Stocks to Buy: Dominion Energy (D) Source: ying / Shutterstock.com Dividend Yield:ÃÂ 4.4% Dominion Energy (NYSE:) is a diversified utility that operates its primary electric utility business in Virginia and in some parts of the Carolinas. NextEra Energy Partners (NEP) Source: madamF / Shutterstock.com Dividend Yield:ÃÂ 3.7% NextEra Energy Partners (NYSE:) is a limited partnership that was spun off of the Florida-based utility NextEra Energy (NYSE:). Clearway Energy (CWEN) Source: Pavel Kapysh / Shutterstock.com Dividend Yield:ÃÂ 3.7% Clearway Energy (NASDAQ:) is another 21st century power company that solely focuses on renewable energy resources.
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It has 9 million gas and utility customers across six southern states and has power plants in several others. The stock is up 32% this past year and has a reliable 3% dividend. I remember when the dot-com boom was near its height, there were plenty of brokers and financial talking heads saying growth was the new income.
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699157.0
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2020-02-01 00:00:00 UTC
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The 1 Thing to Watch at Dominion Energy in 2020
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https://www.nasdaq.com/articles/the-1-thing-to-watch-at-dominion-energy-in-2020-2020-02-01
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Dominion Energy (NYSE: D), one of the largest utilities in the United States, has been much loved by Wall Street over the past year or so. That's not unusual, with the broader utility sector, as measured by Vanguard Utility ETF, actually inching ahead of the S&P 500 Index's gain over the past 12 months. Investors have been seeking out safe havens, and utility stocks like Dominion fit that bill. However, anyone looking at buying today needs to go in with their eyes open here.
A good company, overall
For starters, Dominion is generally considered a well-run utility. And it has done a fairly good job of late getting big projects done on time and on budget, boosting its long-term prospects. The most notable success on this front came with its Cove Point natural gas export terminal. It was a multi-billion-dollar, multi-year project backed by long-term contracts, and it should provide years of stable cash flow to Dominion and its shareholders.
Image source: Getty Images.
That said, big projects cost lots of money. The original plan was to use a controlled master limited partnership called Dominion Energy Partners to raise cash. Cove Point, specifically, was going to be sold to Dominion Energy Partners upon its completion so Dominion Energy could put the cash it raised to work elsewhere in the company. A government rule change surrounding limited partnership taxation made that unfeasible, and Dominion ended up buying its controlled partnership and rethinking its funding plans.
The company has rejiggered over the past year or so, leaning more on its balance sheet than it had originally hoped. For example, its financial debt-to-EBITDA ratio of roughly 6.6 times is toward the high end of its peer group. Its payout ratio, which reached nearly 90% at one point, is too high for comfort (around 70% is the norm for its closest peers). So Dominion is slowing down its dividend growth rate until that payout ratio comes down and has been working to ensure that leverage doesn't get out of hand (by selling a portion of Cove Point, for example). Based on the stock advance, investors appear to be increasingly comfortable with the steps Dominion is taking on the finance front.
More issues to come
That said, this giant utility also has a big project that's not going so well right now. The Atlantic Coast Pipeline, like Cove Point, is a multi-year, multi-billion-dollar construction effort. It is a 600-mile underground natural gas pipeline that starts in West Virginia and ends in North Carolina, with offshoots along the way that connect to Dominion power plants. It will also provide natural gas to other utilities, with Duke Energy and The Southern Company being two notable partners on the project.
The Atlantic Coast Pipeline has faced notable environmental pushback. At this point, the project's completion has been delayed and the cost estimate has increased by as much as $1 billion, or roughly 17%. That's actually the good news, based on the expectation that things work out as planned from here on out.
D data by YCharts
The bad news is that a mid-year 2020 decision to be handed down by the U.S. Supreme Court will end up being a key tipping point on the project. The Court is deciding whether or not the U.S. Forest Service has the authority to approve the pipeline crossing underneath the Appalachian Trail. The total distance in dispute is roughly 0.1 miles on a 600-mile project, but it is an increasingly important section of the pipeline. Dominion is confident it will win, but a loss would be a big blow to the project and investor sentiment.
Since much of the pipeline has already been built, it is unlikely that Dominion would simply drop the project if it lost. However, losing would likely require rethinking much about the company's current plans. More importantly, it could add even more time and cost to the already delayed and over-budget project. Investors would likely, and rightly, see a loss at the Supreme Court as a major negative. It wouldn't change the core of Dominion's business, of course, but it would cloud the utility's growth outlook, perhaps negatively affect its ability to keep debt in check, and hamper its plans to bring its dividend payout ratio back in line with peers.
Pins and needles
Dominion isn't sitting still. It's already got another big project lined up (a giant offshore wind farm). However, in 2020, the big news is going to come from the U.S. Supreme Court. And there's no way to tell which way things will go until that decision is actually handed down. If Dominion wins, the Atlantic Coast Pipeline probably comes in close to its current expectations and investors breathe a sigh of relief. If Dominion loses, well, management hasn't really discussed what happens at that point in too much detail -- but it won't be nearly as good an outcome. If you own Dominion or are thinking about buying it, you'll want to keep an eye on the Supreme Court in 2020.
10 stocks we like better than Dominion Energy, Inc
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Dominion Energy, Inc wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Reuben Gregg Brewer owns shares of Dominion Energy, Inc and Southern Company. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So Dominion is slowing down its dividend growth rate until that payout ratio comes down and has been working to ensure that leverage doesn't get out of hand (by selling a portion of Cove Point, for example). It is a 600-mile underground natural gas pipeline that starts in West Virginia and ends in North Carolina, with offshoots along the way that connect to Dominion power plants. It wouldn't change the core of Dominion's business, of course, but it would cloud the utility's growth outlook, perhaps negatively affect its ability to keep debt in check, and hamper its plans to bring its dividend payout ratio back in line with peers.
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The original plan was to use a controlled master limited partnership called Dominion Energy Partners to raise cash. The Atlantic Coast Pipeline, like Cove Point, is a multi-year, multi-billion-dollar construction effort. It will also provide natural gas to other utilities, with Duke Energy and The Southern Company being two notable partners on the project.
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Cove Point, specifically, was going to be sold to Dominion Energy Partners upon its completion so Dominion Energy could put the cash it raised to work elsewhere in the company. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Dominion Energy, Inc wasn't one of them! See the 10 stocks *Stock Advisor returns as of December 1, 2019 Reuben Gregg Brewer owns shares of Dominion Energy, Inc and Southern Company.
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It will also provide natural gas to other utilities, with Duke Energy and The Southern Company being two notable partners on the project. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Dominion Energy, Inc wasn't one of them! Dominion Energy (NYSE: D), one of the largest utilities in the United States, has been much loved by Wall Street over the past year or so.
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699158.0
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2020-01-28 00:00:00 UTC
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Are You Missing Out on These 3 New Dividend Raises?
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https://www.nasdaq.com/articles/are-you-missing-out-on-these-3-new-dividend-raises-2020-01-28
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2020 is still young, but already a clutch of dividend stocks have added to their payouts, making their shareholders incrementally richer.
Some of these raisers are well known among investors, others less so. Let's take a look at three that fall more into the first category. The recent dividend raises from this trio, by the way, are yet to kick in -- so there's still time to take advantage of the enhanced distributions.
Image source: Getty Images
Intel
Just last week, Intel (NASDAQ: INTC) declared a 5% raise in its quarterly dividend to $0.33 per share. The announcement was made concurrently with the release of the company's Q4 of 2019 results.
No wonder the company is in a raising mood. With all but one of its business units notching double-digit revenue increases on a year-over-year basis and its costs in check, Intel easily topped analyst expectations on the top and bottom lines. Non-GAAP (adjusted) net income rose by a powerful 19%, with free cash flow (FCF) increasing at essentially the same rate.
Strong demand for the processors Intel has specialized in for years, plus a relatively new revenue stream in the consistently hot cloud segment, have juiced overall sales -- Q4's more-than-$20 billion was a record for the company for that particular quarter.
Times are good for Intel just now, and it's headed into a future that will require ever-greater processing power and cloud computing services. And its new dividend looks sustainable, at the very least.
Intel's upcoming payout will be dispensed on March 1 to stockholders of record as of Feb. 7. At the most recent closing stock price, it would yield 1.9%.
Kimberly-Clark
Like Intel, Kimberly-Clark (NYSE: KMB) also handed down its Q4 2019 results and declared a fresh dividend last week. A Dividend Aristocrat, the company made its 48th annual hike, upping its quarterly payout by almost 4% to $1.07 per share.
Kimberly-Clark is a Dividend Aristocrat for a reason. The company, the owner of a big set of familiar CG brands like Kleenex tissues and Scott paper towers, is a reliable profit maker and cash generator. As a mature company, its revenue growth is fairly tame (net sales were flat year-over-year in Q4), although cost-cutting helped adjusted net profit rise a respectable 6%. FCF fell, but the company still has the means to pay the enhanced dividend.
Kimberly-Clark isn't Intel; it doesn't operate in a dynamic environment poised for sustained high growth. Instead, it's an unspectacular performer that has managed to hold onto its niche for many years while growing its dividend. I wouldn't worry about the immediate future of this payout.
At its current stock price, Kimberly-Clark's new dividend would yield slightly under 3%. The distribution is to be paid on April 2 to investors of record as of March 6.
Dominion Energy
Saving our one high-yield dividend in this article for last, we have Dominion Energy (NYSE: D). This sprawling utility very recently bumped its quarterly by 2% to land at $0.94 per share.
For a company in the utility sector, traditionally considered a very staid corner of the economy, Dominion is doing a rather good job of lifting its revenue, while staying well in the black on the bottom line. And this despite the considerable expenses of costly build-outs like the Atlantic Coast Pipeline, a natural gas conduit in which it is the lead developer. Dominion likes its big projects -- not long ago, it announced a multi-billion dollar wind farm off the coast of Virginia, which would be the largest offshore facility of its kind in this country.
Big projects can be risky due to public resistance on environmental and other grounds -- Atlantic Coast Pipeline has been tied up in litigation that's reached the Supreme Court. So Dominion stock is more of a gamble than the usual conservative and cautious utility.
For investors with an appetite for some risk, though, Dominion will hand out its newly raised dividend on March 20 to shareholders of record as of Feb. 28. It fits nicely into the high-yield dividend category, with a theoretical yield of 4.5%.
10 stocks we like better than Intel
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Intel wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Strong demand for the processors Intel has specialized in for years, plus a relatively new revenue stream in the consistently hot cloud segment, have juiced overall sales -- Q4's more-than-$20 billion was a record for the company for that particular quarter. The company, the owner of a big set of familiar CG brands like Kleenex tissues and Scott paper towers, is a reliable profit maker and cash generator. Dominion likes its big projects -- not long ago, it announced a multi-billion dollar wind farm off the coast of Virginia, which would be the largest offshore facility of its kind in this country.
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Image source: Getty Images Intel Just last week, Intel (NASDAQ: INTC) declared a 5% raise in its quarterly dividend to $0.33 per share. Kimberly-Clark Like Intel, Kimberly-Clark (NYSE: KMB) also handed down its Q4 2019 results and declared a fresh dividend last week. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Image source: Getty Images Intel Just last week, Intel (NASDAQ: INTC) declared a 5% raise in its quarterly dividend to $0.33 per share. For investors with an appetite for some risk, though, Dominion will hand out its newly raised dividend on March 20 to shareholders of record as of Feb. 28. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Eric Volkman has no position in any of the stocks mentioned.
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Kimberly-Clark Like Intel, Kimberly-Clark (NYSE: KMB) also handed down its Q4 2019 results and declared a fresh dividend last week. I wouldn't worry about the immediate future of this payout. For investors with an appetite for some risk, though, Dominion will hand out its newly raised dividend on March 20 to shareholders of record as of Feb. 28.
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699159.0
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2020-01-24 00:00:00 UTC
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7 ‘A’-Rated Dividend Stocks That Provide Inflation-Beating Income
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https://www.nasdaq.com/articles/7-a-rated-dividend-stocks-that-provide-inflation-beating-income-2020-01-24
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Shareholder friendly.
Those two words sum up income stocks. It means these stocks have decided to take some of their net income and deliver it back shareholders on a regular basis.
It means their businesses arenâÂÂt run for the most growth, but for steady long-term wealth accumulation. Yes, the stocks rise and the companies grow, but some of that cash for expansion is returned to shareholders on a regular basis.
Some industries are famous for their income â real estate investment trusts, utilities, master limited partnerships. But usually, mature companies where explosive growth is no longer the driving force, are the most solid dividend payers. At my àservice, we own a stable of these companies in our Elite Dividend Payers portfolio.
Here, while my Portfolio Grader found plenty of âÂÂAâÂÂ-rated dividend stocks, I wanted to pick stocks that also delivered reliable dividends that would beat inflation as well.
These seven âÂÂAâÂÂ-rated dividend stocks to depend on all fit that bill except one, where growth is just too tempting to pass up, so its yield is a little light.
Dividend Stocks to Buy: Southern Company (SO)
Source: 360b / Shutterstock.com
Dividend Yield:ÃÂ 3.6%
Southern Company (NYSE:) is the second largest utility in the U.S. It runs the power companies for Georgia, Mississippi and Alabama. It also has extensive natural gas operations up and down the East Coast.
ItâÂÂs the only utility in the U.S. that is building a new nuclear facility. Then its project management partner and nuke builder . That meant Southern had to take over the entire project.
And it has done well. While the completion date has been pushed to 2021 or 2022, things are moving along on schedule.
On the growth side, its massive natural gas distribution business as well as its renewable energy business are doing very well. And itâÂÂs one of the best-run utilities out there.
With a 3.6% dividend and 12-month return of 46%, SO stock is a rock-solid pick for any portfolio.
Procter & Gamble (PG)
Source: Jonathan Weiss / Shutterstock.com
Dividend Yield:ÃÂ 2.4%
Procter & Gamble (NYSE:) has been in business since 1837.
Wrap your head around that. It has been around for more than 150 years. Martin Van Buren was president when PG launched in Ohio. J. P. Morgan was born that year. There were still border wars with First Nation tribes.
When you have been around that long, it means youâÂÂre doing something right from the boardroom down to the products.
Now, there have been some challenges of late, as new generations of less brand-conscious consumers have hit the markets and PG had to readjust its product portfolio.
But it is finally through that transition. PG has raised its dividend every year for the past 60 years. That is an accomplishment few stocks can make. And itâÂÂs that kind of focus on shareholder value that makes this unique.
The 2.4% dividend may not be huge, but itâÂÂs consistent. And its 33% stock gain in the last year is also a nice kicker. However, if you do also want growth in your portfolio, .
Equity Residential (EQR)
Source: Shutterstock
Dividend Yield:ÃÂ 2.7%
Equity Residential (NYSE:) is a Chicago-based real estate investment trust (REIT) that specializes in upscale apartments in some of the top cities in the U.S. You can find its properties in San Francisco, Los Angeles, New York, Washington, D.C., Boston, Seattle and more.
In these types of cities, many people that work for big firms receive relocation allowances to find a place to live until they can settle in. Some firms even lease apartments and allow their employees to use them if theyâÂÂre in town on long-term assignments.
That makes these citiesâ real estate needs unique. And that is a good thing for a niche player like EQR. It can keep its occupancy rate high, as well as its rates, because it offers top locations and quality accommodations in strategic cities.
Now that prices in many of these cities have become incredibly expensive, renting has also become a real option for residents that want, and can afford, the convenience of downtown locations.
The stock is up 18% in the past year and has a solid 2.7% dividend.
Dominion Energy (D)
Source: ying / Shutterstock.com
Dividend Yield:ÃÂ 4.4%
Dominion Energy (NYSE:) is one of the leading utilities in the country. It can stretch its roots back to 1795, but in its most recognizable form, itâÂÂs been around for a century.
It supplies electrical power to Virginia (which is part of the internet backbone, houses the Pentagon and one of the largest shipbuilding plants in the world) and also has an extensive natural gas production and distribution network that covers the Eastern seaboard and beyond.
Dominion also has a number of wholesale power generation plants that extend into the Midwest.
Its is being converted from a natural gas import hub to an export port for liquified natural gas (LNG). It will be one of the few on the East Coast and will see a significant rise in business as export restrictions on LNG fall. Oil-and-gas logistics are actually a theme weâÂÂre profiting from within our àbuy list.
But overall, D is a solid, successful company that offers few surprises. And thatâÂÂs a good thing for an income stock. In the past year Dominion stock was up 21%, and it continues to deliver a rock-solid dividend, now yielding 4.4%.
Leidos (LDOS)
Source: Jer123 / Shutterstock.com
Dividend Yield:ÃÂ 1.3%
Leidos (NYSE:) isnâÂÂt throwing off a staggering dividend yield, at 1.3%. But this is a growing, dynamic company that is well positioned for the future of defense and security in the U.S. and beyond.
It has a storied history that stretches back to 1969. And it has been a private contracting institution since its early days. It has worked on some of the biggest scientific challenges the U.S. government has come up against in the past 50 years.
And now, it is focused on aerospace technologies. A recent $1.7 billion merger with aerospace firm Dynetics was announced just a month ago.
This put LDOS in prime position for all the space work that is heating up both on the government side â the Space Force â and the private side â the big defense contractors that build the equipment for the government.
As a smaller player in the aerospace and defense sector, it can leverage its growth because it is more concentrated.
But given the fact that all the major industrial powers now have active aerospace programs, this is the next frontier. And LDOS is already a reliable partner.
And while the dividend isnâÂÂt a big driver, the fact the stock is up 80% in the past year yet sits at a price-to-earnings ratio of 22 means that growth is just beginning.
Carlyle Group (CG)
Source: Casimiro PT / Shutterstock.com
Dividend Yield:ÃÂ 3.6%
Carlyle Group (NASDAQ:) is one of my favorite companies when it comes to foundational stocks that deliver solid dividends.
ItâÂÂs a private equity firm that continues to draw exclusive clients from the corridors of power around the world. The kind of people and families that make decisions that make business happen.
You know, royal families from the Middle East. Political dynasties in the U.S. World leaders from around the globe.
But CG has always been discreet. It does deals, makes its money, disburses it to shareholders and keeps a low profile in a business that is often just as much about headlines as assets under management. ItâÂÂs the kind of business that deserves consideration for anyà.
ItâÂÂs a steady hitter, not a swing for the fences kind of operation.
But it certainly delivers for shareholders. In the past 12 months, CG stock was up a stunning 95%, yet it continues to deliver a bountiful 3.6% dividend. And it has done all this with a trailing price-to-earnings ratio of ⦠12.
PennyMac Mortgage Investment Trust (PMT)
Source: Shutterstock
Dividend Yield:ÃÂ 8.1%
PennyMac Mortgage Investment Trust (NYSE:) is one of my favorite stocks now because itâÂÂs well positioned for all the good things happening in todayâÂÂs economy.
With interest rates low, a solid economy, low unemployment and confident consumers, the housing market is well positioned for strong growth.
PennyMac is a great way to play this trend.
It doesnâÂÂt own properties, it manages the mortgages of residential properties. It originates them, manages them, bundles them and resells them.
Plus, itâÂÂs set up as REIT, which means it is obligated to pay its net income back to shareholders, and it chooses to do that via its hefty dividend of 8.1%. Plus, the Tax Cuts and Jobs Act now allows REIT investors to . Then, the remainder is taxed at the shareholderâÂÂs marginal rate.àCheck with your tax professional for more details.
The stock is up a solid 19% in the past year and it still trades at a single-digit P/E.
That being said, in the big picture, thereâÂÂs been a major development in the technology field IâÂÂm especially keen on now: artificial intelligence (AI)
The AI Master Key
If artificial intelligence sounds futuristic, even far-fetched â well, keep in mind, youâÂÂre already using it every day. If youâÂÂve ever used AlphabetâÂÂsà(NASDAQ:, NASDAQ:GOOGL) Google Assistant oràAppleâÂÂsà(NASDAQ:) Siri ⦠if youâÂÂve hadàNetflixà(NASDAQ:) recommend a movie oràZillowà(NASDAQ:) recommend a house ⦠even an email spam filter ⦠then youâÂÂve used artificial intelligence.
In this new world of AI everywhere, data becomes a hot commodity.
As scientists find even more applications for artificial intelligence â from hospitals to retail to self-driving cars â itâÂÂs incredible to imagine how much data will be involved.
To create AI programs in the first place, tech companies must collect vast amounts of data on human decisions. Data is what powers every AI system. As one AI researcher from the University of South Florida puts it, âÂÂdata is the new oil.âÂÂ
To cash in, youâÂÂll want the company that makes the âÂÂbrainâ that all AI software needs to function, spot patterns and interpret data.
ItâÂÂs known as the âÂÂVolta Chipâ â and itâÂÂs .
You donâÂÂt need to be an AI expert to take part.à, as well as my buy recommendation, inàmy special report foràGrowth Investor,àThe A.I. Master Key. The stock is still under my buy limit price â so youâÂÂll want to sign up now. That way, you can get in while you can still do so cheaply.
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Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system â withà. In his latest feat, Louis discovered the âÂÂMaster Keyâ to profiting fromàthe biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Now that prices in many of these cities have become incredibly expensive, renting has also become a real option for residents that want, and can afford, the convenience of downtown locations. It supplies electrical power to Virginia (which is part of the internet backbone, houses the Pentagon and one of the largest shipbuilding plants in the world) and also has an extensive natural gas production and distribution network that covers the Eastern seaboard and beyond. As scientists find even more applications for artificial intelligence â from hospitals to retail to self-driving cars â itâÂÂs incredible to imagine how much data will be involved.
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Dividend Stocks to Buy: Southern Company (SO) Source: 360b / Shutterstock.com Dividend Yield:à3.6% Southern Company (NYSE:) is the second largest utility in the U.S. Equity Residential (EQR) Source: Shutterstock Dividend Yield:à2.7% Equity Residential (NYSE:) is a Chicago-based real estate investment trust (REIT) that specializes in upscale apartments in some of the top cities in the U.S. You can find its properties in San Francisco, Los Angeles, New York, Washington, D.C., Boston, Seattle and more. PennyMac Mortgage Investment Trust (PMT) Source: Shutterstock Dividend Yield:à8.1% PennyMac Mortgage Investment Trust (NYSE:) is one of my favorite stocks now because itâÂÂs well positioned for all the good things happening in todayâÂÂs economy.
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Dividend Stocks to Buy: Southern Company (SO) Source: 360b / Shutterstock.com Dividend Yield:à3.6% Southern Company (NYSE:) is the second largest utility in the U.S. Carlyle Group (CG) Source: Casimiro PT / Shutterstock.com Dividend Yield:à3.6% Carlyle Group (NASDAQ:) is one of my favorite companies when it comes to foundational stocks that deliver solid dividends. PennyMac Mortgage Investment Trust (PMT) Source: Shutterstock Dividend Yield:à8.1% PennyMac Mortgage Investment Trust (NYSE:) is one of my favorite stocks now because itâÂÂs well positioned for all the good things happening in todayâÂÂs economy.
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Dividend Stocks to Buy: Southern Company (SO) Source: 360b / Shutterstock.com Dividend Yield:ÃÂ 3.6% Southern Company (NYSE:) is the second largest utility in the U.S. In the past year Dominion stock was up 21%, and it continues to deliver a rock-solid dividend, now yielding 4.4%. Data is what powers every AI system.
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699160.0
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2020-01-16 00:00:00 UTC
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Dominion : First 50 Electric School Buses Operational In 2020 In 16 Localities
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https://www.nasdaq.com/articles/dominion-%3A-first-50-electric-school-buses-operational-in-2020-in-16-localities-2020-01-16
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(RTTNews) - Dominion Energy said it moves forward with electric school bus program. The Electric school buses will enhance grid reliability, reduce emissions, provide cost savings to schools.
The company noted that phase one will bring 50 electric school buses to 16 localities within its Virginia service area by the end of 2020.
Phase two of the project would expand the program to bring at least 1,000 additional electric school buses online by 2025.
Phase three would set the goal to have 50 percent of all diesel bus replacements in Dominion Energy's footprint be electric by 2025 and 100 percent by 2030.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy said it moves forward with electric school bus program. The company noted that phase one will bring 50 electric school buses to 16 localities within its Virginia service area by the end of 2020. Phase two of the project would expand the program to bring at least 1,000 additional electric school buses online by 2025.
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(RTTNews) - Dominion Energy said it moves forward with electric school bus program. The Electric school buses will enhance grid reliability, reduce emissions, provide cost savings to schools. The company noted that phase one will bring 50 electric school buses to 16 localities within its Virginia service area by the end of 2020.
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The Electric school buses will enhance grid reliability, reduce emissions, provide cost savings to schools. The company noted that phase one will bring 50 electric school buses to 16 localities within its Virginia service area by the end of 2020. Phase two of the project would expand the program to bring at least 1,000 additional electric school buses online by 2025.
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(RTTNews) - Dominion Energy said it moves forward with electric school bus program. The Electric school buses will enhance grid reliability, reduce emissions, provide cost savings to schools. The company noted that phase one will bring 50 electric school buses to 16 localities within its Virginia service area by the end of 2020.
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699161.0
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2020-01-15 00:00:00 UTC
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3 Top Utility Stocks to Buy in January
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D
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https://www.nasdaq.com/articles/3-top-utility-stocks-to-buy-in-january-2020-01-15
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nan
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nan
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2019 was a stupendous year for the markets overall, with stocks in "boring" sectors like utilities also joining the rally. The Dow Jones Utility Index, which measures the performances of the 15 largest utility stocks listed in the U.S., rose a solid 23% in 2019. Strong earnings growth was a key driving factor for the sector, even as investors wary of the growing global geopolitical and economic concerns dipped their fingers into dividend-paying defensive utility stocks.
2020 could be another good year for utilities, but if you really want to buy some utility stocks now, you need to look beyond one year and find companies that are positioning themselves for growth in the years to come. Consolidated Edison (NYSE: ED), Dominion Energy (NYSE: D), and Xcel Energy (NASDAQ: XEL) are three such attractive utility stocks.
There's one common link -- or, rather, a growth driver -- among these utilities: investments in clean and renewable energy.
Powered by solar
Consolidated Edison runs two primary regulated electricity and gas units: Consolidated Edison Company of New York and Orange & Rockland Utilities. Together, the two units supply electricity to nearly 3.6 million customers and gas to roughly 1.2 million customers in and around New York City. But Con Ed isn't just any other utility.
Image source: Getty Images.
Not many know that Con Ed is now the second-largest solar power producer in North America thanks to its acquisition of solar assets from Sempra Energy last year. While clean energy currently contributes only 6% to the company's earnings (adjusted), Con Ed expects that to double in the next couple of decades. Between 2019 and 2022, the company aims to pump $1 billion into its clean energy business.
Investment in clean energy should supplement Con Ed's other growth plans. Overall, the utility aims to invest $12 billion through 2022, with the bulk of it going toward modernizing and expanding its utilities. That's necessary, as regulated utilities are required to spend money on upgrading assets to get any hikes in rates approved by the regulatory authorities. So far, Con Ed has delivered well, as evidenced by the stability in its earnings and cash from operations in recent years.
ED Cash from Operations (TTM) data by YCharts.
With plenty of cash flowing in, Con Ed decided to reward shareholders more richly by increasing dividends at a compound annual rate of 3.3% in the past five years compared to 1.3% between 2010 and 2014. Con Ed, in fact, is a Dividend Aristocrat with an unbeatable 45-year streak of consecutive annual dividend increases. That's among the best in the sector. With a comfortable long-term target dividend payout of 60% to 70% of adjusted earnings, capital expenditure plans in place, and renewed focus on clean energy, Con Ed shouldn't fail patient investors.
Largest wind farm in the making
Dominion Energy has long been one of my favorite dividend stocks, and I still recommend the stock today despite a slowdown in dividend growth.
Dominion spooked income investors mid-last year when it announced a decelerated growth rate for dividends. So after two consecutive years of 10% hikes in dividends, Dominion increased its dividend by only 2.5% in December 2019 and expects to maintain this rate in the foreseeable future. So why should you still invest in this stock?
You see, Dominion still expects its operating earnings per share to grow at an encouraging compound annual growth rate (CAGR) of 5% between 2020 and 2023. More importantly, a lower dividend payout is more a near-term pain but a potential long-term gain for shareholders, simply because Dominion is freeing up cash to invest in growth and maintain its investment-grade credit rating. A good rating broadly confirms a manageable debt level and the company's ability to repay debt.
Dominion, which currently serves 7.5 million customers across 18 states, projects its base rate to grow at a CAGR of 7% between 2018 and 2023, driven by a 40% rise in the value of total property. The company plans to spend $26 billion across operations between 2019 and 2023, including the Atlantic Coast pipeline. Beyond 2023, its proposed largest offshore wind farm in the country, with more than 200 wind turbines, will be the project to watch. By 2030, Dominion aims to reduce carbon emissions by 55%.
In short, Dominion Energy has a lot going for it and remains a top utility stock to own.
The utility that's winning with oil and gas
Xcel Energy was among the top-performing utility stocks last year, powered by strong earnings and cash flows. Xcel supplies electricity to 3.6 million customers and natural gas to 2 million customers through four operating companies across eight Western and Midwestern states, including the Permian oil and gas basin region located in western Texas and southeastern New Mexico. The Permian Basin, in fact, is proving to be the most lucrative region for the utility in recent months. Xcel intends to spend $3.8 billion, or 17% of total planned capital spending, on its Southwestern Public Services (SPS) utility through 2024. SPS serves Texas and Mexico.
ED data by YCharts.
What I like most about Xcel is its clearly outlined goals for the long term. For instance, Xcel expects growth in the next five years to be driven by investments in natural gas, transmission, and grid advancement, and conscious efforts to replace coal with cleaner energy sources to fire up its plants. Xcel, in fact, was the first utility to pledge carbon-free operations by 2050. The company also foresees opportunity in electric-vehicle infrastructure.
Management's medium-term goals look encouraging:
5% to 7% growth in earnings per share
5% to 7% compound annual growth in dividend
60% to 70% dividend payout ratio
Approximately 3% dividend yield and total shareholder returns of 8% to 10%
A strong base rate growth, combined with its focus on renewables, should help Xcel Energy unlock greater value for shareholders in the years to come.
10 stocks we like better than Xcel Energy
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Xcel Energy wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Strong earnings growth was a key driving factor for the sector, even as investors wary of the growing global geopolitical and economic concerns dipped their fingers into dividend-paying defensive utility stocks. With a comfortable long-term target dividend payout of 60% to 70% of adjusted earnings, capital expenditure plans in place, and renewed focus on clean energy, Con Ed shouldn't fail patient investors. For instance, Xcel expects growth in the next five years to be driven by investments in natural gas, transmission, and grid advancement, and conscious efforts to replace coal with cleaner energy sources to fire up its plants.
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Powered by solar Consolidated Edison runs two primary regulated electricity and gas units: Consolidated Edison Company of New York and Orange & Rockland Utilities. Xcel supplies electricity to 3.6 million customers and natural gas to 2 million customers through four operating companies across eight Western and Midwestern states, including the Permian oil and gas basin region located in western Texas and southeastern New Mexico. Management's medium-term goals look encouraging: 5% to 7% growth in earnings per share 5% to 7% compound annual growth in dividend 60% to 70% dividend payout ratio Approximately 3% dividend yield and total shareholder returns of 8% to 10% A strong base rate growth, combined with its focus on renewables, should help Xcel Energy unlock greater value for shareholders in the years to come.
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2020 could be another good year for utilities, but if you really want to buy some utility stocks now, you need to look beyond one year and find companies that are positioning themselves for growth in the years to come. The utility that's winning with oil and gas Xcel Energy was among the top-performing utility stocks last year, powered by strong earnings and cash flows. Management's medium-term goals look encouraging: 5% to 7% growth in earnings per share 5% to 7% compound annual growth in dividend 60% to 70% dividend payout ratio Approximately 3% dividend yield and total shareholder returns of 8% to 10% A strong base rate growth, combined with its focus on renewables, should help Xcel Energy unlock greater value for shareholders in the years to come.
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Largest wind farm in the making Dominion Energy has long been one of my favorite dividend stocks, and I still recommend the stock today despite a slowdown in dividend growth. So after two consecutive years of 10% hikes in dividends, Dominion increased its dividend by only 2.5% in December 2019 and expects to maintain this rate in the foreseeable future. Management's medium-term goals look encouraging: 5% to 7% growth in earnings per share 5% to 7% compound annual growth in dividend 60% to 70% dividend payout ratio Approximately 3% dividend yield and total shareholder returns of 8% to 10% A strong base rate growth, combined with its focus on renewables, should help Xcel Energy unlock greater value for shareholders in the years to come.
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699162.0
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2019-12-30 00:00:00 UTC
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Noteworthy ETF Inflows: XLU, NEE, D, SO
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D
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-xlu-nee-d-so-2019-12-30
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $202.8 million dollar inflow -- that's a 1.8% increase week over week in outstanding units (from 172,720,000 to 175,870,000). Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is off about 0.8%, Dominion Energy Inc (Symbol: D) is down about 0.3%, and Southern Company (Symbol: SO) is lower by about 0.7%. 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 $51.54 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.06. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $202.8 million dollar inflow -- that's a 1.8% increase week over week in outstanding units (from 172,720,000 to 175,870,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is off about 0.8%, Dominion Energy Inc (Symbol: D) is down about 0.3%, and Southern Company (Symbol: SO) is lower by about 0.7%. 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 $51.54 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.06. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $202.8 million dollar inflow -- that's a 1.8% increase week over week in outstanding units (from 172,720,000 to 175,870,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $51.54 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.06. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $202.8 million dollar inflow -- that's a 1.8% increase week over week in outstanding units (from 172,720,000 to 175,870,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $51.54 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.06. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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699163.0
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2019-12-23 00:00:00 UTC
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Interesting D Put And Call Options For February 2020
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https://www.nasdaq.com/articles/interesting-d-put-and-call-options-for-february-2020-2019-12-23
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nan
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nan
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Investors in Dominion Energy Inc (Symbol: D) saw new options become available today, for the February 2020 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the D options chain for the new February 2020 contracts and identified one put and one call contract of particular interest.
The put contract at the $80.00 strike price has a current bid of $1.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $80.00, but will also collect the premium, putting the cost basis of the shares at $79.00 (before broker commissions). To an investor already interested in purchasing shares of D, that could represent an attractive alternative to paying $81.87/share today.
Because the $80.00 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 63%. 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 1.25% return on the cash commitment, or 7.60% 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 $80.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $82.50 strike price has a current bid of $1.55. If an investor was to purchase shares of D stock at the current price level of $81.87/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $82.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 2.66% if the stock gets called away at the February 2020 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 $82.50 strike highlighted in red:
Considering the fact that the $82.50 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 56%. 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 1.89% boost of extra return to the investor, or 11.52% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 16%, while the implied volatility in the call contract example is 15%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $81.87) to be 15%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of Stocks with Insider Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Because the $80.00 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 $82.50 strike highlighted in red: Considering the fact that the $82.50 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.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc , and highlighting in green where the $80.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $82.50 strike price has a current bid of $1.55. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 56%.
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Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc , and highlighting in green where the $80.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $82.50 strike price has a current bid of $1.55. Below is a chart showing D's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 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).
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At Stock Options Channel, our YieldBoost formula has looked up and down the D options chain for the new February 2020 contracts and identified one put and one call contract of particular interest. Should the contract expire worthless, the premium would represent a 1.25% return on the cash commitment, or 7.60% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing D's trailing twelve month trading history, with the $82.50 strike highlighted in red: Considering the fact that the $82.50 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.
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699164.0
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2019-12-20 00:00:00 UTC
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Noteworthy ETF Outflows: XLU, D, SO, AEP
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D
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xlu-d-so-aep-2019-12-20
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $740.0 million dollar outflow -- that's a 6.3% decrease week over week (from 181,970,000 to 170,520,000). Among the largest underlying components of XLU, in trading today Dominion Energy Inc (Symbol: D) is off about 0.2%, Southern Company (Symbol: SO) is up about 0.9%, and American Electric Power Co Inc (Symbol: AEP) is higher by about 0.4%. 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 $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.35. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $740.0 million dollar outflow -- that's a 6.3% decrease week over week (from 181,970,000 to 170,520,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.35. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $740.0 million dollar outflow -- that's a 6.3% decrease week over week (from 181,970,000 to 170,520,000). 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 $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.35. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR— Fund (Symbol: XLU) where we have detected an approximate $740.0 million dollar outflow -- that's a 6.3% decrease week over week (from 181,970,000 to 170,520,000). 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 $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.35. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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699165.0
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2019-12-13 00:00:00 UTC
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Billionaire George Soros Snaps Up These 3 High-Yield Dividend Stocks
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https://www.nasdaq.com/articles/billionaire-george-soros-snaps-up-these-3-high-yield-dividend-stocks-2019-12-13
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nan
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Few investors have realized better sustained profits than George Soros. His hedge fund’s annualized returns exceeded 30% for over 30 years, and made him one of the world’s richest men. He gained fame in 1992 when he made a famous bet against the Pound Sterling and generated over $1 billion in profits in just 24 hours. While his political activities have generated controversy and criticism, no one can doubt his financial acumen.
He bases that acumen on a simple aphorism: “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.” He means, of course, that the most reliable stocks are the ones least likely to make waves in the markets or headlines in the news. So, don’t expect to find anything exciting in his firm’s $3.6 billion worth of 13F securities – but do expect to find solid returns and reliable dividends. After all, that’s where the profit is.
To find out just how good that profit can get, we’ve taken three of Soros’ big dividend moves and looked them up in the TipRanks database. These are investments that the Stock Screener tool reveals as ‘Buy’ rated and, more importantly, all three offer robust dividend yields, between 4% and 11%. The average dividend yield of the S&P-listed stocks is just about 2%, so Soros’ choices start at double that – and work their way up.
BP (BP)
Up first is BP, the world’s sixth largest oil and gas company. The company’s revenues in calendar year 2018 totaled $303.7 billion, and gave a net profit of $9.6 billion. BP has had some trouble maintaining that sort of performance in 2019, however. In the Q3 earnings release, the company reported $2.3 billion in profits, a 17% decline sequentially and a 39% drop year-over-year.
The drop in profits comes on the heels of declining oil prices. Brent crude, the global benchmark price on the oil markets, is down 12.7% from its peak in April of this year. There are subtleties in pricing, however. BP’s quarterly earnings reflect the generally low oil prices, but those same oil prices have been trending slightly upwards since October – and BP’s Q3 numbers did beat the analysts’ expectations. Among the headwinds the company faces is a CEO transition, as current head Bob Dudley will be stepping down this coming March. He will be followed by the company’s upstream chief. The promotion from within promises continuity despite the upper level churn.
So, BP is a stock that is weathering a down time in commodity prices, with the resources to wait out a low-price regime. That’s a good position for a company to hold. Even better, for investors, the company has maintained its dividend. The quarterly payment has been set at 61 cents for the last six quarters, and the was 60 cents prior to that. The annualized dividend of $2.44 gives a yield of 6.67%, more than triple the S&P average. At 92%, the payout ratio, while high, is sustainable long-term.
With a background like that, it’s no wonder that Soros moved heavily into BP in Q3. The stock offers a solid industry position, a reliable dividend, and a clear path for future profits. Soros’ purchase of BP marked a new position, of 270,000 shares for his fund. At today’s prices, those shares are worth nearly $10 million.
Wall Street is upbeat about BP prospects. Setting that tone is BMO analyst Daniel Boyd, who writes, “We think BP is turning a corner after years flagging financial performance driven in part by oil-spill payments that are dropping off. We expect strong production and cashflow growth, enabled by high margin projects, to fuel dividend growth and improved returns.”
Boyd’s Buy rating is backed up by a $53 price target, suggesting a strong upside of 43%. (To watch Boyd’s track record, click here)
BP shares have received three recent Buy ratings, giving the stock a unanimous ‘Strong Buy’ from the analyst consensus. The average price target stands tall at $51.33 -- indicating a robust upside potential of 39%. (See BP stock analysis on TipRanks)
Dominion Energy (D)
BP wasn’t the only energy industry company that Soros was interested in. The master investor also made a large entry purchase in Dominion Energy, a power company based in Richmond, Virginia. Dominion is a major supplier of electricity in Virginia and the Carolinas, and also supplies natural gas to customers in Pennsylvania, Ohio, West Virginia, the Carolinas, and Georgia.
Utilities are a profitable business. Dominion’s earnings in Q3 2019 came in at $1.18 per share, beating the estimates by 1.7%, and beating the year-ago number by 2.6%. Revenues were up more than 23% year-over-year, but missed the Q3 forecast by 3%.
Dominion is due to pay out its next dividend on December 20. The payment, of 92 cents, annualizes to $3.67, giving a solid yield of 4.54%. The company has a 10-year history of committing to its dividend payment, and has been raising it annually for the last three years. Dominion has proven itself a reliable dividend stock.
Long-term reliability of return likely drew in Soros, who purchased 150,000 D shares in Q3. His purchase is now worth over $12 million. Like BP, this was a new position for Soros, signaling an interest in the energy industry.
Wolfe analyst Steve Fleishman takes a bullish stance on Dominion. Writing on the stock this week, he said, “Dominion has a balanced strategy, combining high-growth electric and gas utility operations with heavily contracted gas pipeline and LNG export assets. The company has done a good job de-risking the earnings mix and balance sheet, and we see it as attractive at current levels…”
Fleishman gives D shares a ‘Buy’ rating with a $90 price target. His target indicates confidence, and about 12% upside potential for the stock. (To watch Fleishman’s track record, click here)
Wall Street is evenly split right now on Dominion, with the analysts giving the stock 4 Buys and 4 Holds. The stock is trading for $80.69, and the $87.57 average price target implies a premium of 8.5% from the trading price. (See Dominion stock analysis on TipRanks)
Annaly Capital Management (NLY)
Turning away from the energy industry, we come to a stock in which Soros had already held a position. In the third quarter, the billionaire added over 1.15 million shares to his exiting holding in Annaly Capital Management, a substantial increase of 49%. The company is a real estate investment trust, and one of the largest in the US.
Real estate investment trusts (REITs) are companies that own and manage combinations of residential or commercial properties, or invest in the loans and mortgages used to fund those properties. Annaly invests primarily in mortgage-backed securities, and holds some $133 billion worth of assets in its portfolio.
For dividend investors, whether small-scale or billionaire hedge gurus, the stock is an obvious target. US tax code regulations require REITs to return as much as 90% of their income directly to shareholders, which is usually done in the form of dividends. For income investors, this is a boon. Stocks like NLY generally have dividend payout ratios that start at 85%; in Q3, NLY’s ratio was just over 100%, meaning all of the company’s income was sent back to investors. The current dividend, paid out quarterly at 25 cents per share, annualizes to a yield exceeding 10%.
The high dividend makes up for slipping share value, helping to keep investors interested in NLY even though the stock has slipped 4.8% this year. As noted above, Soros’ interest in the company is substantial – and his total holding in the stock, of 3.517 million shares, is worth $32.88 million.
4-star Barclays analyst Mark Devries lays out a clear thesis for investing in Annaly: “NLY's diversification into non-Agency and commercial real estate investments are initiatives that could generate attractive returns longer term. We like Agency focused Mortgage REITs at this point in the cycle given their defensive nature and ability to outperform in a bear market for equities.”
Devries puts a $10 price target and a Buy rating on this stock. His target suggests a 7% upside to the stock – not spectacular, but still profitable. (To watch Devries’ track record, click here)
Wall Street’s analyst give approval to NLY by a 3 to 1 advantage, putting a Strong Buy consensus rating on the stock. The average price target, $9.69, implies a modest upside of 4% from the $9.35 share price. From an investor’s perspective, the high yielding dividend here is more attractive than the shares’ appreciation potential. (See Annaly stock analysis on TipRanks)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Setting that tone is BMO analyst Daniel Boyd, who writes, “We think BP is turning a corner after years flagging financial performance driven in part by oil-spill payments that are dropping off. We like Agency focused Mortgage REITs at this point in the cycle given their defensive nature and ability to outperform in a bear market for equities.” Devries puts a $10 price target and a Buy rating on this stock. (To watch Devries’ track record, click here) Wall Street’s analyst give approval to NLY by a 3 to 1 advantage, putting a Strong Buy consensus rating on the stock.
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(See Dominion stock analysis on TipRanks) Annaly Capital Management (NLY) Turning away from the energy industry, we come to a stock in which Soros had already held a position. Stocks like NLY generally have dividend payout ratios that start at 85%; in Q3, NLY’s ratio was just over 100%, meaning all of the company’s income was sent back to investors. (To watch Devries’ track record, click here) Wall Street’s analyst give approval to NLY by a 3 to 1 advantage, putting a Strong Buy consensus rating on the stock.
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(See BP stock analysis on TipRanks) Dominion Energy (D) BP wasn’t the only energy industry company that Soros was interested in. (See Dominion stock analysis on TipRanks) Annaly Capital Management (NLY) Turning away from the energy industry, we come to a stock in which Soros had already held a position. Stocks like NLY generally have dividend payout ratios that start at 85%; in Q3, NLY’s ratio was just over 100%, meaning all of the company’s income was sent back to investors.
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BP’s quarterly earnings reflect the generally low oil prices, but those same oil prices have been trending slightly upwards since October – and BP’s Q3 numbers did beat the analysts’ expectations. Even better, for investors, the company has maintained its dividend. The average price target, $9.69, implies a modest upside of 4% from the $9.35 share price.
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699166.0
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2019-12-08 00:00:00 UTC
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Dominion Energy Ohio Issues Scammer Alert On New Federal Tax Cut Credit
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https://www.nasdaq.com/articles/dominion-energy-ohio-issues-scammer-alert-on-new-federal-tax-cut-credit-2019-12-08
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(RTTNews) - Dominion Energy Ohio has asked its customers do not provide banking or other personal information to scammers who claim such data is required to receive a new federal tax cut credit. The company reminds customers they will begin receiving those credits automatically, beginning in April 2020, in their monthly bills.
On December 4, the Public Utilities Commission of Ohio approved a settlement negotiated among Dominion Energy, the Commission and the Ohio Consumers' Counsel, which will pass through a $50.9 million credit to customers over a 12-month period.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy Ohio has asked its customers do not provide banking or other personal information to scammers who claim such data is required to receive a new federal tax cut credit. The company reminds customers they will begin receiving those credits automatically, beginning in April 2020, in their monthly bills. On December 4, the Public Utilities Commission of Ohio approved a settlement negotiated among Dominion Energy, the Commission and the Ohio Consumers' Counsel, which will pass through a $50.9 million credit to customers over a 12-month period.
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(RTTNews) - Dominion Energy Ohio has asked its customers do not provide banking or other personal information to scammers who claim such data is required to receive a new federal tax cut credit. The company reminds customers they will begin receiving those credits automatically, beginning in April 2020, in their monthly bills. On December 4, the Public Utilities Commission of Ohio approved a settlement negotiated among Dominion Energy, the Commission and the Ohio Consumers' Counsel, which will pass through a $50.9 million credit to customers over a 12-month period.
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(RTTNews) - Dominion Energy Ohio has asked its customers do not provide banking or other personal information to scammers who claim such data is required to receive a new federal tax cut credit. On December 4, the Public Utilities Commission of Ohio approved a settlement negotiated among Dominion Energy, the Commission and the Ohio Consumers' Counsel, which will pass through a $50.9 million credit to customers over a 12-month period. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy Ohio has asked its customers do not provide banking or other personal information to scammers who claim such data is required to receive a new federal tax cut credit. The company reminds customers they will begin receiving those credits automatically, beginning in April 2020, in their monthly bills. On December 4, the Public Utilities Commission of Ohio approved a settlement negotiated among Dominion Energy, the Commission and the Ohio Consumers' Counsel, which will pass through a $50.9 million credit to customers over a 12-month period.
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699167.0
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2019-12-06 00:00:00 UTC
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How to Invest in LNG
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https://www.nasdaq.com/articles/how-to-invest-in-lng-2019-12-06
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In this week's episode of Industry Focus: Energy, The Motley Fool's Nick Sciple and Jason Hall dive into the liquefied natural gas industry. They'll discuss how the modern LNG industry developed, why this corner of the energy sector is so attractive for investors, some of the different ways that investors of every risk tolerance can invest in it (with stock picks!), what investors who want to keep tabs on the space should watch, some risks to be aware of, and more.
Among the companies they'll talk about are Cheniere Energy (NYSEMKT: LNG), Tellurian (NASDAQ: TELL), NextDecade (NASDAQ: NEXT), Royal Dutch Shell (NYSE: RDS-A) (NYSE: RDS-B), Dominion Energy (NYSE: D), Kinder Morgan (NYSE: KMI), and Chart Industries (NASDAQ: GTLS).
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on Nov. 21, 2019.
Nick Sciple: Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. Today is Thursday, Dec. 5, and we're discussing LNG. I'm your host, Nick Sciple, and today I'm joined by Motley Fool contributor Jason Hall via Skype. How's it going, Jason?
Jason Hall: Hey! How you doing, Nick?
Sciple: I'm doing OK. Just for our listeners, we are pre-recording this show on Nov. 21, so some things may have changed. The LNG story, though, is really long term, so probably not a ton has changed of the thesis that we're going to talk about today.
Just off the top of the show, Jason, for folks who aren't familiar with what LNG is, what does it stand for and what is it?
Hall: Liquefied natural gas. Which is not natural gas liquids. Let's say what it's not first. Natural gas liquids are things like isobutane, propane, and that kind of stuff. Liquefied natural gas is natural gas that at ambient temperature is a gas, it's gaseous. Here's the thing. If you want to transport a large amount of it, in terms of energy quantity, when you liquefy it, you supercool it to like 260 degrees below zero or something like that, and it becomes much, much more dense. So then, it makes it a lot easier to get a lot of it in remote locations, or, if you want to, say, get some to Japan, where they don't have a lot of natural resources, you liquefy it, and that's how you do it, because it makes it much, much smaller and much more dense in terms of its energy density.
Where this fits into the energy future is, as everybody's noticed, coal's losing its luster. Even nuclear is in a lot of places because of the perceived environmental risk, disaster risk. A lot of places in the world are starting to move away from nuclear. It just so happens that North America has a century's worth, probably a century and a half's worth of natural gas, and there are a lot of companies that are working on building large-scale liquefaction facilities to turn this natural gas into a liquid, put it on container ships, and send it to the demand centers in the world like Southeast Asia, Japan. Mainland China is going to be a big demand source for it. So, huge, huge potential.
Sciple: You mentioned the amount of supplies of natural gas in the U.S. We've discussed in the past on this show about how fracking, the advent of that technology really released huge amounts of hydrocarbons that we just couldn't get access to before. Natural gas has been a huge part of that. That's why we really expect some massive growth in this space going forward. Some analysts are expecting the global LNG market to grow at a 4% annual rate through 2035. You might say, "4%, that's not that much." When we're talking about the global energy market, that's a massive growth rate year over year. The U.S. is going to be a huge part of that. The U.S. is expected to become the world's largest exporter of LNG within five years. We're currently the third-largest exporter. It wasn't long ago that we weren't even a rounding error when it came to being part of that business. Global deliveries to U.S. LNG gas terminals hit a record in 2019, and that is really expected to continue to grow.
You mentioned growing natural gas demand. A big part of that is just emissions. When you look at natural gas, it's about 45% to 55% cleaner than coal. So, obviously, [there's] a huge push for a cleaner environment. We have this massive supply available. And then, another important aspect of this, Jason, I want you to touch on a little bit, is because we have such a huge supply of natural gas in the U.S. right now, prices in the U.S. are significantly lower than the global average prices, global benchmark prices, which creates an opportunity for these LNG exporters.
Hall: Yeah. It's interesting, too, the price aspect of it. A couple things. Obviously, fracking and our ability to get into shale and release these hydrocarbons has been a tremendous boon. It's driven the costs down substantially. Another thing that's happened is, it's driven the prices down. It's not just the production of natural gas itself that's driven it down. You have associated gas. For example, we'll use the Permian in Texas. Really, it's known mainly for its oil. It's one of the largest oil reserves in the world now. There's a tremendous amount of associated natural gas that oil drillers are producing, just it's coming up when they produce the oil. There's so much that a lot of it is getting flared because there's not even enough infrastructure to bring that natural gas to market. But the gas that they are bringing to market has pushed the prices down so low that natural gas producers are begging and screaming for these export facilities to get built simply so they can get access to the markets to help them realize better returns for their gas.
One thing, too. It's not just the environmental benefits of gas that's driving demand around the world. If I'm a utility, I would much rather operate a natural gas power plant than a coal plant because it's so much cheaper to maintain it. It requires less maintenance. The feedstocks are a little bit more predictable to get. You don't have to have these miles and miles of coal cars lined up. It's a more predictable source of fuel, and your operating costs beyond the cost of the fuel itself, the actual costs to operate and maintain the facility, are far, far lower. So there's a lot of operational benefits and cost benefits, on top of it just being a cleaner fuel. It's really a winning fuel versus coal beyond the environmental benefits.
Sciple: Sure. I think one other thing we should mention as well, natural gas versus coal, is how quickly you can bring power production online and offline. With a natural gas plant, you can really do it very quickly. For a coal plant, you need to be running that plant almost constantly to be cost-effective. As we see continued growth of renewables, that role for natural gas to fill in the gaps where renewables can't fill in really creates an opportunity. Do you want to talk about that a little bit, Jason?
Hall: Yeah. I think over the long term, that's where natural gas is really going to be a big winner. There are also some applications, like petrochemicals for manufacturing fertilizers and plastics and lots of other things. But really, it's going to boil down to the ability for grid operators to generate a baseload of power when you're not getting energy from renewables.
But also, a real problem, especially with solar, is that the end of the day, when the sun starts to go down and solar production just falls off a cliff, corresponds to when people are getting home from work and they're kicking on their air conditioners, turning their heaters up. So, power demand surges right when power supply from solar falls off. You need the ability to meet that peak demand. This is exactly what you were talking about with natural gas, is these peaker plants, these plants that can be quickly ramped up to generate electricity to meet that peak demand right when you're losing a key source of supply. That's only going to grow in the form of solar.
So, yeah, natural gas is a fuel that's going to have legs for a long, long time because of its affordability, its better environmental profile, and it allows them to be more flexible with the facilities that they generate power from.
Sciple: Exactly. That's created the opportunity for these exporters, this spread between supply in the U.S. and prices overseas. In addition to these big increases in demand driven by all these benefits, creates an opportunity for businesses.
OK, Jason, here on the back half of the show, I want to talk a little bit about the different ways that folks can invest to get exposure to liquefied natural gas. We're going to talk about three broad categories: pure-play exporters, picks and shovels, and then more broad exposure, integrated majors, midstream companies that all have exposure to liquefied natural gas.
First, let's talk about these pure-play exporters. First off, what are the major names in this space that are playing in this pure-play exploiting sector of the LNG market?
Hall: In pure-play, the first three that come to mind for me are, you have Cheniere Energy, which is kind of the original. And you have two others. At this point, they're almost like biotech start-ups.
Sciple: Copycats.
Hall: Yeah. You've got Tellurian and NextDecade. I think the Cheniere story is really, really interesting. If you go back in time almost a decade or so ago now -- a lot of people don't know this. It's kind of mind-boggling. About a decade ago, a little more than a decade, the general consensus in the energy industry was, the United States was about to run out of natural gas. [laughs] We didn't have any, because all of these traditional, legacy, vertical-well natural gas resources were being consumed. And the thought process then was, "We're going to have to start importing natural gas. We're going to have to start getting it from Australia. We're going to have to start bringing it in from Africa. We don't have any."
So, Charif Souki, essentially the founder of Cheniere Energy, said, "OK, I'm going build an import facility. I'm going to build it in Louisiana, Sabine Pass, and we're going to start bringing natural gas in, and that's what we'll do." And this is somebody that had never had any experience in the energy industry. He was an outsider. He has a lot of business ties in different parts of the world, so he kind of knew where the energy markets were. At any rate, he started building this business, Cheniere Energy, as an importer. Then shale happened, and fracking, and horizontal drilling happened. And over like a five-year period, all of a sudden, we were going from "Peak natural gas, we're going to run out," to, "Wow, we're going to have more natural gas than we know what to do with."
On one hand, it's like, "This business is going to die, what am I doing here?" Souki, being a very mentally flexible person, said, "You know what? Let's just start over here. We've got the basic framework in place. We need this facility to be here. We just need to use it as an export facility." Of course, the challenge is it's going to take tens of billions of dollars in investment to build the liquefaction facility to turn that gas into a liquid and then put it on the ships, versus substantially lower cost to take natural gas off of a ship to regasify it and put it into the gas pipeline system.
Anyway, long story short, Cheniere is worth what now?
Sciple: $15 billion or so.
Hall: And how much money have investors made since Cheniere went public? What's the round figures here, if you were to guess?
Sciple: 10-bagger.
Hall: Would you guess, over the past decade, 2,950%? That's pretty good, right?
Sciple: That's pretty good from when your original business model was busted before you ever got off the ground, right?
Hall: Yeah. That's essentially from the bust, about a decade ago. And it's been a bit of a roller coaster. A few years ago, it was up almost 4,000%, and then it dropped a lot during the last little oil market crash, and then it's bounced back strongly. The big thing is that this is a cash-positive business now. It generates substantial revenues from its export business. It has a lot of long-term contracts that are take-or-pay contracts. It's almost like a midstream company, only it's putting it onto ships instead of putting it through pipelines.
And there's more growth to come. The company is expanding, it's building more export facilities. I think it's adding another train or maybe two trains to its Sabine Pass facility. It's not over yet. There's still potential growth for this business as the demand will continue to grow over the next decade.
Sciple: Sure. Jason, to your point, when you talk about being a midstream player, a midstream player where these projects take years and years and years, and billions and billions of dollars of capital, just to stand up the business. So, it's very difficult for companies to come in and challenge their position. It takes a lot of time and money to do that. However, as we mentioned -- just to point out for folks, the ticker for Cheniere Energy is LNG. For Tellurian, it's TELL. For NextDecade, it's NEXT. These companies that are moving in to challenge them, to follow in their footsteps, Tellurian and NextDecade also have a long road ahead of them to build these facilities.
However, when you look at Tellurian and specifically, they benefit from a lot of that leadership that led Cheniere Energy as they scaled up to start off. Can you talk about that advantage maybe Tellurian has?
Hall: Tellurian's advantage is, it has management that's done it before. Just to use Cheniere as an example, Cheniere Energy was generating hardly any revenues at all until like 2016. If you look at the past 10 years, seven of those 10 years, this is a company that was generating maybe $150 million, $175 million a year in revenue, mainly on contracts it was locking up for when it eventually started selling gas. But it was burning through hundreds and hundreds of millions of dollars a year just to keep the lights on, pay its operating expenses, on top of the billions that it invested in building out this infrastructure before it shipped a single cubic foot of natural gas. So, all of this all of this happened. And now, here it is today. It's a big, cash-flow-positive business. It generated, I don't know, $9 billion in revenue last year, and generated $1.6 billion in positive cash flows.
Now, let's take that and look at Tellurian. Tellurian is essentially what Cheniere Energy was five or six years ago. It's a business that generates hardly any revenues at all. It's burning $115 million, $120 million in operating cash flows every year. And it's a business plan. It hasn't broken ground on its Driftwood facility that it's building in Louisiana. That's where its liquefaction terminal and export terminal will be. And it's not going to be in operation until 2023. So you're looking at three years. And that's assuming that everything happens on schedule. And, oh, by the way, it's going to have to raise, between debt, shares it's going to sell, and capital it's going to raise with joint venture partners, it's going to have to raise like $25 billion to fund the construction of that facility. And, it also has I think, three pipelines that it's trying to build, too. There's the Driftwood pipeline, there are two other pipelines that are going to connect it to various sources of gas. So, at this point, you're buying a business idea.
Now, why is Tellurian a business idea that's worth buying? Well, guess who the founder is? It's Charif Souki. He was essentially run out of Cheniere a few years ago by Carl Icahn and a few other activist investors. He left, he joined forces with a former executive from BG Group, which is a name that some people might recognize, one of the largest natural gas integrated majors in the world, that had a huge natural gas business. It was acquired by Royal Dutch Shell. So, now, you have two people who have a lot of experience in developing natural gas assets that started Tellurian. Over the past few years since they've started Tellurian, they've brought over, you can almost describe it as a murderer's row of management to run this business. What's the CEO's name?
Sciple: Meg Gentle.
Hall: Yeah, Meg Gentle. She's the CEO of Tellurian, and she was right in the middle of everything that was happening at Cheniere when they were going through the same time frame that Tellurian is now, in terms of getting funding, striking these deals with the big, integrated majors that need to get natural gas. She was right in the middle of when they were striking all these deals to get funding to build the facility, signing these long-term contracts with the companies and the countries that needed this natural gas.
If you were going to invest in a start-up business, you almost couldn't ask for a better situation than Tellurian, if you're willing to take on the risk. Which, in this case, it's really execution risk. They have to get all this capital, then they have to build miles and miles of pipelines, and then they have to build this export facility before they're going to be able to bring in a single dollar of revenue. So if you have the stomach to ride out the volatility that's going to happen -- and really, if anything, maybe look for the business case to remain strong, but look for investors to sell out and to give you an opportunity to maybe buy more over time -- this is an excellent company to do that. If you're willing to take on that risk, I'm not saying you're going to get 3,000% returns, but I think the case is pretty clean, just based on cash flows and where the market values Cheniere Energy today on a cash flow basis, this could easily be an eight-bagger in four or five years, once the facility's online and producing the cash flows that management's projecting that it will produce. This could be a $70 stock if everything works out. If everything doesn't work out and they're able to come close, this still could be a great stock to really beat the market.
Sciple: Yeah. As we spent the whole first half of this show talking about, when it comes to the opportunity that's before them, there's really no denying where the broad trend is. As you mentioned, it's execution risk.
On NextDecade, I don't want to spend a ton of time, because we want to move onto some of these other companies. But, where are they differentiated relative to Tellurian and Cheniere? How do they maybe stand apart in this story?
Hall: NextDecade's taking a little bit different approach. What they're looking to try to do is they're trying to help oil producers that are producing in the Permian, the Haynesville, and the Eagle Ford shale plays in Texas that are producing substantial amounts of associated gas, but they don't have a market to take it to, they're not tied into any infrastructure that can take it. So, NextDecade is looking to take advantage of that massive glut of associated gas. It's possible that, if NextDecade is able to play this right, they could be able to get associated gas, help producers that are spending money to flare this gas and getting zero economic benefit from it, and it could help them tap into a really low-cost natural gas source from a place that doesn't really have any infrastructure to get that gas out right now. So, that's their big play that they're doing a little bit different, is that they're trying to build the pipelines to connect them to the plays. That's a little bit different than what Tellurian is trying to do, they're just trying to get tied into the gas infrastructure, and what Cheniere has done, with kind of the same thing. NextDecade is looking to operate out of Texas. Tellurian is going to be in Louisiana, as Cheniere is today.
That's a little bit of the differences. Their approach is a little bit different in how they're trying to source the gas.
Sciple: Yeah. This is one of those spaces where geography really does matter. Being closer to the source of supply that you're trying to service really is important.
I want to talk a little bit, now, about some of the picks and shovels that go into this space. We've mentioned the billions and billions of dollars that need to be spent by these pure-play exporters just to build up these liquefaction facilities and to get the infrastructure ready to turn the machine on and start liquefying this natural gas. One of the companies that's really going to supply a lot of those guts to these projects is Chart Industries. You've talked about them in the past on the show. For folks who might not be familiar with them, can you give us a high-level overview of what they do?
Hall: Yeah, absolutely. Anybody that's read any of my articles or heard me bloviate about Chart Industries will know that I absolutely love the company. Essentially, what they do is, they manufacture cryogenic gas-processing and storage equipment. Think about liquid oxygen, think about liquid carbon dioxide, you think about liquefied natural gas.
Sciple: Stuff that needs to be really cold.
Hall: Exactly, stuff that needs to be really cold. So, whether you need to make that stuff cold -- the liquefaction equipment that these big LNG export facilities will use to turn gas into liquefied natural gas -- or if you're talking about biological sciences, where they're using liquid oxygen for different things. There are lots of these applications. Gas-processing companies. There's a lot of industrial gas companies. There are lots of different various and sundry applications. Food service, cannabis. So, producing CBD oil and that kind of stuff is a big growth market.
But really, the lion's share of Chart's opportunity is tied to liquefied natural gas. Whether you're talking about these big $10 billion to $30 billion liquefaction and export facilities, or you're talking about what happens on the other end, where the gas gets exported to, and then you have the country that's importing that gas, they need to take the LNG, and then they gasify it, and they put it in their pipeline grid to get it to wherever it needs to be for their utilities or for local use for people's stoves and ovens in their homes or whatever. So, this is a company that has strong potential on both ends of the LNG supply and transportation business.
Another interesting thing that Chart has an interest in now is on the pipelining aspect, the equipment to help move the gas through the pipelines in the compression. So there are lots of different little pieces of the business that Chart is attached to. They're also a big player in natural gas for transportation. You think about a big, heavy-duty tractor-trailer, a class-A tractor that uses liquefied natural gas. Chart makes the fuel systems, like the tanks, that these guys use. The big tanks, like at a gas station that has LNG, they make the tanks for that. So, there's lots of these various and sundry pieces of the LNG value chain, I guess you could say, that Chart plays a role in.
Sciple: Yeah. This is one of those instances where, you had a company -- you mentioned their industrial gas business, their pharmaceutical or medical type businesses -- this is one of those examples of a business that already had some operations in place. And now, there's this huge macroeconomic trend, and they get to ride this way they're well-positioned for, which really creates a big opportunity for them to grow in a significant way.
Hall: Yeah. It's pretty tremendous. If you think about what the opportunity is for the business, this is a company that's grown its earnings substantially over the past couple of years. They reported earnings at the end of October. They did some downward revisions for their guidance for the rest of this year and for all of next year. But here's the thing. I think if you look at the revisions, for next year, the company is still calling for like $6.15 per share in earnings. Just for comparison, the company expects to earn about $2.80 a share this year. So, we're looking at, next year, more than doubling its earnings potentially, based on its recently revised downward guidance. And that's just 2020. If you think about 2021 through 2025, next year is not expected to be the peak of expansion for bringing these facilities online. For example, Tellurian and NextDecade, two of the bigger players, their facilities aren't going to be in operation until 2023. So, there's still multiple years where just these two are going to be investing. I think Cheniere's identified something like two dozen of these large-scale LNG facilities that it's in the running for that are going to be built over the next three or four years. So, there is a tremendous amount upside for a company that's already grown its earnings to continue growing its earnings over the next four or five years.
Sciple: Absolutely. Jason, I want to move on and talk a little bit more about less pure-play opportunities when it comes to the LNG space. First off, let's talk about these major integrated oil companies or integrated hydrocarbon companies. When you look at those major players, which ones have the most exposure to LNG? And, if you wanted to get exposure to LNG, which ones would you pay attention to?
Hall: Of the integrated majors, the one that has consistently been my favorite is Shell. This goes back to Shell's acquisition of BG Group. I don't know, what's it been now? About five years ago, I guess. At the time, BG Group was the largest natural gas major in the world, in terms of the portion of its business. Shale has really made natural gas a big part of its future. So, in terms of natural gas supply, it's a big player in LNG as well. I think the thing that I like about it is, it's a combination of two things. If you're going to invest in one of these integrated majors, you don't want to invest in it just because of something like LNG. You want the rest of its business to be high quality so that, if there are other parts of the oil-and-gas value chain that aren't doing well, they don't wash out any of the potential upside that you might have from something like natural gas or LNG. So, the thing I like about Shell is that management's done an incredible job of deleveraging the balance sheet over the past few years. They're going to continue to do that. They've lowered their operating costs. They've done a really good job of improving their cost of supply. They're producing oil and gas cheaper, so they're able to realize more cash flows, more profit on every unit of oil or gas they produce and then sell. Shell has pretty good refining operations. It has a decent midstream business. And then, because it has prioritized natural gas and LNG, it's able to leverage its global footprint to really monetize those things.
So I think if I were going to pick one major to invest in, looking to benefit from natural gas and LNG, I would take Shell. Even over Chevron. Chevron is really well-known for their Gorgon project in Australia. They have the Wheatstone project or something. I think that's the name. They have a lot of gas going on. But I just think, overall, Shell is a higher quality business than Chevron, and that's going to mean that its ability to leverage the natural gas and LNG opportunity makes it the major that I would probably pick.
Sciple: Sure. And then, last two things I want to mention right quick. When it comes to exposure to LNG, we have Kinder Morgan, which has their Elba Island facility in Georgia for LNG export, as well as Dominion Energy. You don't think of a utility as having much exposure here, but they do have an export facility off the Chesapeake Bay in Maryland, just loaded this past week their hundredth LNG export ship. When you look at these two, anything that excites you about them when it comes to their LNG opportunity?
Hall: Let's put these all in buckets. If you're willing to take on risk, the most risk of permanent loss of capital, you look at the LNG exporters, especially the two smaller guys, the newer ones. If you're looking for some growth potential, and you're still willing to take on some risk, but you know you can get a good, predictable dividend, that's where Shell comes in. Now, if you really want to manage and have the baseline of the best predictability of the business that you can, I think that's where Kinder Morgan and Dominion come in. They have their predictable revenue streams that are relatively untied to commodity prices. They sell a service. They're a toll booth service for moving gas, or supplying energy. They're also a little more protected against recession. So you don't have all of those levers that can cause you to lose money. You might not necessarily realize the best capital returns, but you're going to get the most predictable, highest-quality, protected investment, and you do have some upside that's pointed at where natural gas and where energy demand is going around the world. If that makes sense, that's where I look at those.
I like Kinder Morgan and Dominion Energy both. I think, if I were going to pick between the two, I would probably pick Dominion Energy. Let's just say there are some scars that Kinder Morgan put on my soul a few years ago, and I still haven't gotten over them.
Sciple: [laughs] We've all been there, Jason. For our listeners, to Jason's point, I think there's a lot of opportunities in this LNG space, whether you want to swing for a home run with these pure-play major product exporters like Cheniere or Tellurian, or whether you just want some exposure to what you know is this massive, growing trend through a Dominion or even through a Shell, there is going to be a lot of opportunities for investors to benefit as this market grows over time, and just in general as we across the world want to shift our grid away from dirty coal, more toward clean-burning natural gas -- particularly, as we mentioned off the top of the show, how natural gas can really play nice with these renewables coming down the line.
Jason, going away, for investors that want to get involved in this space and want to invest and pay attention going forward, what should they really pay attention to, to monitor their investment and make sure that it's moving along nicely, and that the thesis is still intact over time?
Hall: If I was on the risk-averse side -- I'm decidedly not, so allow me to be a little hypocritical here -- I would probably invest in Dominion Energy. If you really want to manage your risk, commodity prices are the bane of your investing existence. You're never going to time your way right, and prices can stay much lower longer than you can stay liquid, as they say. So, I would probably say Dominion Energy if you're really about protecting your risk of capital losses.
Now, if you're looking for a home run, I'm going to tell you what I've done and why. I've invested in both NextDecade and Tellurian, and I own a relatively similar amount of both. It's a small position at this point because, to quote an anonymous member of The Motley Fool message boards, these are the kind of businesses that, if they do well, you won't really need a lot; but if they don't do well, you won't really want a lot. So I limit my losses by reducing my exposure at this point. And over time, I'm going to add to both. I'm going to buy more of both as they reach milestones. For example, they start to move forward with breaking ground, they start to get more commitments for funding from joint-venture partners. Hitting those milestones is going to inform whether or not I buy more in each of those companies. Managing the risk, again, it's just managing the size of my holding, and not putting more capital into them than I'm willing to lose.
Sciple: Absolutely. Well, thank you, Jason, as always, for coming on the show. For our listeners, if you're not familiar with LNG, I think this is a space definitely to familiarize yourself with. It's going to grow over time, and I think it's a significant opportunity for folks going forward.
Jason, thanks for coming on the show as always.
Hall: Always fun, Nick, always fun. Let's just stay on and do another show, what do you say?
Sciple: [laughs] We'll see. As always, people on the program may own companies discussed on the show, and The Motley Fool may have formal recommendations for or against the stocks discussed, so don't buy or sell anything based solely on what you hear. Thanks to Austin Morgan for his work behind the glass. For Jason Hall, I'm Nick Sciple, thanks for listening, and Fool on!
Jason Hall owns shares of Chart Industries, NextDecade, and Tellurian Inc. Nick Sciple has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Chart Industries and 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.
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OK, Jason, here on the back half of the show, I want to talk a little bit about the different ways that folks can invest to get exposure to liquefied natural gas. So if you have the stomach to ride out the volatility that's going to happen -- and really, if anything, maybe look for the business case to remain strong, but look for investors to sell out and to give you an opportunity to maybe buy more over time -- this is an excellent company to do that. You might not necessarily realize the best capital returns, but you're going to get the most predictable, highest-quality, protected investment, and you do have some upside that's pointed at where natural gas and where energy demand is going around the world.
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In this week's episode of Industry Focus: Energy, The Motley Fool's Nick Sciple and Jason Hall dive into the liquefied natural gas industry. Among the companies they'll talk about are Cheniere Energy (NYSEMKT: LNG), Tellurian (NASDAQ: TELL), NextDecade (NASDAQ: NEXT), Royal Dutch Shell (NYSE: RDS-A) (NYSE: RDS-B), Dominion Energy (NYSE: D), Kinder Morgan (NYSE: KMI), and Chart Industries (NASDAQ: GTLS). Of course, the challenge is it's going to take tens of billions of dollars in investment to build the liquefaction facility to turn that gas into a liquid and then put it on the ships, versus substantially lower cost to take natural gas off of a ship to regasify it and put it into the gas pipeline system.
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Of course, the challenge is it's going to take tens of billions of dollars in investment to build the liquefaction facility to turn that gas into a liquid and then put it on the ships, versus substantially lower cost to take natural gas off of a ship to regasify it and put it into the gas pipeline system. It's possible that, if NextDecade is able to play this right, they could be able to get associated gas, help producers that are spending money to flare this gas and getting zero economic benefit from it, and it could help them tap into a really low-cost natural gas source from a place that doesn't really have any infrastructure to get that gas out right now. For our listeners, to Jason's point, I think there's a lot of opportunities in this LNG space, whether you want to swing for a home run with these pure-play major product exporters like Cheniere or Tellurian, or whether you just want some exposure to what you know is this massive, growing trend through a Dominion or even through a Shell, there is going to be a lot of opportunities for investors to benefit as this market grows over time, and just in general as we across the world want to shift our grid away from dirty coal, more toward clean-burning natural gas -- particularly, as we mentioned off the top of the show, how natural gas can really play nice with these renewables coming down the line.
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There's a lot of industrial gas companies. For our listeners, to Jason's point, I think there's a lot of opportunities in this LNG space, whether you want to swing for a home run with these pure-play major product exporters like Cheniere or Tellurian, or whether you just want some exposure to what you know is this massive, growing trend through a Dominion or even through a Shell, there is going to be a lot of opportunities for investors to benefit as this market grows over time, and just in general as we across the world want to shift our grid away from dirty coal, more toward clean-burning natural gas -- particularly, as we mentioned off the top of the show, how natural gas can really play nice with these renewables coming down the line. Jason Hall owns shares of Chart Industries, NextDecade, and Tellurian Inc. Nick Sciple has no position in any of the stocks mentioned.
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699168.0
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2019-12-03 00:00:00 UTC
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Ex-Dividend Reminder: Walmart, Churchill Downs and Dominion Energy
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-walmart-churchill-downs-and-dominion-energy-2019-12-03
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Looking at the universe of stocks we cover at Dividend Channel, on 12/5/19, Walmart Inc (Symbol: WMT), Churchill Downs, Inc. (Symbol: CHDN), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. Walmart Inc will pay its quarterly dividend of $0.53 on 1/2/20, Churchill Downs, Inc. will pay its annual dividend of $0.581 on 1/3/20, and Dominion Energy Inc will pay its quarterly dividend of $0.9175 on 12/20/19. As a percentage of WMT's recent stock price of $118.05, this dividend works out to approximately 0.45%, so look for shares of Walmart Inc to trade 0.45% lower — all else being equal — when WMT shares open for trading on 12/5/19. Similarly, investors should look for CHDN to open 0.45% lower in price and for D to open 1.12% lower, all else being equal.
Below are dividend history charts for WMT, CHDN, and D, showing historical dividends prior to the most recent ones declared.
Walmart Inc (Symbol: WMT):
Churchill Downs, Inc. (Symbol: CHDN):
Dominion Energy Inc (Symbol: D):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.80% for Walmart Inc, 0.45% for Churchill Downs, Inc., and 4.47% for Dominion Energy Inc .
In Tuesday trading, Walmart Inc shares are currently off about 1%, Churchill Downs, Inc. shares are off about 1%, and Dominion Energy Inc shares are trading flat on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of WMT's recent stock price of $118.05, this dividend works out to approximately 0.45%, so look for shares of Walmart Inc to trade 0.45% lower — all else being equal — when WMT shares open for trading on 12/5/19. 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 1.80% for Walmart Inc, 0.45% for Churchill Downs, Inc., and 4.47% for Dominion Energy Inc .
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Looking at the universe of stocks we cover at Dividend Channel, on 12/5/19, Walmart Inc (Symbol: WMT), Churchill Downs, Inc. (Symbol: CHDN), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. Walmart Inc will pay its quarterly dividend of $0.53 on 1/2/20, Churchill Downs, Inc. will pay its annual dividend of $0.581 on 1/3/20, and Dominion Energy Inc will pay its quarterly dividend of $0.9175 on 12/20/19. Walmart Inc (Symbol: WMT): Churchill Downs, Inc. (Symbol: CHDN): Dominion Energy Inc (Symbol: D): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/5/19, Walmart Inc (Symbol: WMT), Churchill Downs, Inc. (Symbol: CHDN), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. Walmart Inc will pay its quarterly dividend of $0.53 on 1/2/20, Churchill Downs, Inc. will pay its annual dividend of $0.581 on 1/3/20, and Dominion Energy Inc will pay its quarterly dividend of $0.9175 on 12/20/19. Walmart Inc (Symbol: WMT): Churchill Downs, Inc. (Symbol: CHDN): Dominion Energy Inc (Symbol: D): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/5/19, Walmart Inc (Symbol: WMT), Churchill Downs, Inc. (Symbol: CHDN), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. As a percentage of WMT's recent stock price of $118.05, this dividend works out to approximately 0.45%, so look for shares of Walmart Inc to trade 0.45% lower — all else being equal — when WMT shares open for trading on 12/5/19. If they do continue, the current estimated yields on annualized basis would be 1.80% for Walmart Inc, 0.45% for Churchill Downs, Inc., and 4.47% for Dominion Energy Inc .
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699169.0
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2019-11-24 00:00:00 UTC
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5 Tricks Billionaires Use to Make Their Money Work for Them
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https://www.nasdaq.com/articles/5-tricks-billionaires-use-to-make-their-money-work-for-them-2019-11-24
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There are about 2,153 billionaires in the world, according to a report from Forbes earlier this year. The U.S. is home to the greatest number of them -- more than 700 -- while 13 countries have only one, per BusinessInsider.
If you'd like to join that elite group, you're probably going to have to increase your net worth by a lot. You might want to try using some strategies that billionaires themselves use. Five of them are below -- see how many you might be able to act on. Even if you don't attain billionaire-hood, you'll likely strengthen your financial security.
Billionaire Warren Buffett. Image source: The Motley Fool.
No. 1: Start early
This is an extremely powerful strategy, but only the young can really make the most of it. For example, if you're 20 now and hope to retire at 60, you can amass more than $1 million over 40 years if you just save and invest $5,000 annually.
Even if you have only a decade or two until you hope to retire, you can amass a meaningful sum. Check out the table below:
Data source: Calculations by author.
No. 2: Stocks
Next, be sure that you're not ignoring stocks as you save and invest money for retirement. The table below illustrates why: because over long periods, stocks tend to significantly outperform most alternatives. This table offers some specifics, via the research of Wharton Business School professor Jeremy Siegel. He calculated the annualized returns for stocks, bonds, bills, gold, and the dollar between 1802 and 2012.
Data source: Stocks for the Long Run by Jeremy Siegel.
Even in more recent years, stocks have outperformed, with an annualized growth rate of 9.6% between 1926 and 2012 that also topped bonds and gold. Indeed, Siegel's research found stocks outperforming bonds in 96% of all 20-year holding periods between 1871 and 2012, and in 99% of all 30-year holding periods.
Image source: Getty Images.
No. 3: Dividend stocks
You can invest in stocks very easily, just by snapping up shares of a low-fee broad-market index fund, such as one that tracks the S&P 500. If you want to select some individual stocks on your own, though, consider focusing on dividend-paying stocks.
The beauty of dividend payers is that not only are healthy and growing ones likely to see their share price rise in value over time, but even their dividend payouts are likely to be increased -- often at a rate that at least keeps up with inflation. But wait -- there's more! During market downturns, stock prices may fall or just be stagnant, but healthy dividend payers will keep paying you those dividends. So you can collect some income even during recessions.
With, say, $300,000 invested in a bunch of dividend-paying stocks featuring an average dividend yield of 4%, you're looking at $12,000 in annual income -- amounting to about $1,000 per month. (Plus, that sum should increase over time.)
Here are a handful of familiar companies and their recent yields, just to give you an idea of the kinds of yields that are out there:
Data source: Yahoo! Financial.
Keep in mind that some companies with seemingly unexciting yields may be great investments if they're increasing their payouts at a rapid clip.
And don't think that dividends are only for grandparents and not what billionaires would invest in. Billionaire investor and corporate executive Warren Buffett, as an example, has chosen many dividend payers such as Bank of America and Coca-Cola for his insurance giant's stock portfolio.
No. 4: Start a business
This strategy is a risky one, and it asks a lot of you -- ideally, total concentration and dedication for many years. But it is a way to reach billionaire-hood, if things work out well. Here are some companies you may have heard of that began as rather small enterprises, in someone's garage, basement, shed, or college dorm room:
Amazon.com
Apple
Google, now Alphabet
Harley-Davidson
HP
Mattel
Medtronic
Microsoft
The Motley Fool
Walt Disney
If that's too daunting a strategy, consider a smaller-scale version of it: Get a side gig, making extra money to augment earnings from your primary job. There are lots of ways to go, such as driving for a ridesharing service; renting out space in your home as with Airbnb; doing freelance writing, editing, design, or photography; tutoring kids; selling crafts online; and so on.
No. 5: Keep learning
Finally, remember to keep learning. The more you know, the fewer mistakes you'll likely make with your money, which will allow it to grow faster. You'll also get better at allocating your money, too, and you'll be more comfortable with investment decisions you've made.
Warren Buffett's business partner, Charlie Munger, offers this inspiration:
In my whole life, I have known no wise people who didn't read all the time -- none, zero. You'd be amazed at how much Warren reads -- at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.
Consider acting on a few of the strategies above to get wealthier. Reaching billionaire status may be a long shot, but for many of us, millionaire-hood is within reach.
The $16,728 Social Security bonus most retirees completely overlook
If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $16,728 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Simply click here to discover how to learn more about these strategies.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Selena Maranjian owns shares of Alphabet (A shares), Alphabet (C shares), Amazon, Apple, AT&T, Medtronic, Microsoft, Starbucks, Verizon Communications, and Walt Disney. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Microsoft, Starbucks, and Walt Disney. The Motley Fool is short shares of Kimberly Clark. The Motley Fool recommends Dominion Energy, Inc, Home Depot, Verizon Communications, and Waste Management and recommends the following options: long January 2020 $150 calls on Apple, short January 2020 $155 calls on Apple, long January 2021 $60 calls on Walt Disney, long January 2021 $120 calls on Home Depot, long January 2021 $85 calls on Microsoft, short February 2020 $205 calls on Home Depot, and short January 2020 $130 calls on Walt Disney. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Billionaire investor and corporate executive Warren Buffett, as an example, has chosen many dividend payers such as Bank of America and Coca-Cola for his insurance giant's stock portfolio. Mattel Medtronic Microsoft The Motley Fool Walt Disney If that's too daunting a strategy, consider a smaller-scale version of it: Get a side gig, making extra money to augment earnings from your primary job. There are lots of ways to go, such as driving for a ridesharing service; renting out space in your home as with Airbnb; doing freelance writing, editing, design, or photography; tutoring kids; selling crafts online; and so on.
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Selena Maranjian owns shares of Alphabet (A shares), Alphabet (C shares), Amazon, Apple, AT&T, Medtronic, Microsoft, Starbucks, Verizon Communications, and Walt Disney. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Microsoft, Starbucks, and Walt Disney. The Motley Fool recommends Dominion Energy, Inc, Home Depot, Verizon Communications, and Waste Management and recommends the following options: long January 2020 $150 calls on Apple, short January 2020 $155 calls on Apple, long January 2021 $60 calls on Walt Disney, long January 2021 $120 calls on Home Depot, long January 2021 $85 calls on Microsoft, short February 2020 $205 calls on Home Depot, and short January 2020 $130 calls on Walt Disney.
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2: Stocks Next, be sure that you're not ignoring stocks as you save and invest money for retirement. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Microsoft, Starbucks, and Walt Disney. The Motley Fool recommends Dominion Energy, Inc, Home Depot, Verizon Communications, and Waste Management and recommends the following options: long January 2020 $150 calls on Apple, short January 2020 $155 calls on Apple, long January 2021 $60 calls on Walt Disney, long January 2021 $120 calls on Home Depot, long January 2021 $85 calls on Microsoft, short February 2020 $205 calls on Home Depot, and short January 2020 $130 calls on Walt Disney.
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With, say, $300,000 invested in a bunch of dividend-paying stocks featuring an average dividend yield of 4%, you're looking at $12,000 in annual income -- amounting to about $1,000 per month. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Microsoft, Starbucks, and Walt Disney. There are about 2,153 billionaires in the world, according to a report from Forbes earlier this year.
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699170.0
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2019-11-18 00:00:00 UTC
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Is Dominion Energy a Great Dividend Stock?
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https://www.nasdaq.com/articles/is-dominion-energy-a-great-dividend-stock-2019-11-18
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One of the largest utilities in the United States, Dominion Energy (NYSE: D) is currently offering investors a very attractive 4.6% dividend yield. That's 1.8 percentage points higher than the average utility, as measured by Vanguard Utilities Index ETF, and about 2.6 percentage points higher than an S&P 500 Index fund. But a high yield isn't enough to make Dominion a great dividend stock. Here's a deeper look at Dominion to help you figure out if it belongs in your dividend portfolio.
A little history
As a utility, Dominion is underpinned by a government-regulated monopoly. Essentially, it provides lots of customers with things -- electricity and natural gas -- that they can't really live without. The government gets to control the rates it can charge, but there is always a solid underlying demand, and the rates it has been allowed to charge have, historically, been fair. The rest of its business is largely tied to utility assets, too. They include things like midstream pipelines (which are meant to serve utilities) and renewable power assets (in which the power gets sold under long-term, fee-based contracts to utilities). In total, roughly 95% of its operating income is highly reliable.
Image source: Getty Images.
This wasn't always the case. For example, Dominion once produced oil and natural gas as well. That's a much more volatile sector, prone to dramatic ups and downs. Over the past decade or two it has materially changed its business, looking to become increasingly more conservative and utility-like. What makes this so interesting is that the utility managed this transition without cutting its dividend. In fact, Dominion has increased its dividend annually for 16 consecutive years at this point. There are utilities with longer streaks, but few that have managed such a dramatic corporate makeover while still ensuring to reward investors with a growing dividend.
From this perspective, Dominion has some serious street cred. However, there are some negatives here that need to be looked at before calling this utility a great dividend stock.
It's not all good news
For example, Dominion's leverage is toward the high end of its closest peers. Its debt-to-EBITDA ratio of 6.6 sits well above that of NextEra Energy's (NYSE: NEE) 3.7 and is also notably higher than Duke Energy's (NYSE: DUK) 5.3. Dominion's ability to cover its interest costs is also relatively weak, with just 1.7 times coverage of trailing-12-month interest expenses. Duke, Southern Company (NYSE: SO), and NextEra all covered their interest expenses at least two times over. Leverage is one reason Dominion's yield is higher than its closest peers. The company has plans to deal with this, but plans aren't enough -- it needs to lower its leverage before an all-clear can be called.
Another concern is Dominion's payout ratio, which is projected to be close to 90% in 2019 based on the company's full-year projections. The average for similar utilities is closer to 70%. Although Southern and Duke are also over the average, investors are keenly aware of the risk of such a high payout ratio. So is Dominion, however, and it is taking steps to bring that number down. And that's yet another mark against the utility. After a couple of material annual dividend increases, Dominion has decided to slow dividend growth down into the low single digits until the payout ratio is back in the 70% range. This is a good call, but investors aren't too happy that it will leave the dividend growing at the rate of inflation, or perhaps even lower, for a spell.
And then there's the big construction projects. Dominion has successfully completed a few key projects, notably including the Cove Point liquefied natural gas export facility. But it has had a harder time getting its Atlantic Coast pipeline built. This project is facing material environmental pushback, it's delayed and over budget, and a key legal holdup is now set to be played out in front of the Supreme Court. Dominion says it is confident it will get the pipeline built, but a positive outcome is far from clear at this point. It also just announced plans to build an offshore wind farm that comes with a roughly $8 billion price tag. So there's some sizable construction risk here that isn't going away. This wouldn't be as big a deal if the balance sheet were in better shape.
D data by YCharts
Dominion's stock price has, perhaps understandably, lagged the broader utility group, up just 13% so far in 2019, compared with a gain of 17% for the Vanguard Utilities Index ETF. The only major peer that's done worse is Duke, with Southern and NextEra up roughly 40% and 30%, respectively. So investors looking for a value play might find something they like here. But the stock is trading near an all-time high even though the dividend yield is near its highest levels since the turn of the century. Key valuation metrics don't help clear the picture up, either, with some measures, like price to sales, suggesting overvaluation and others -- price to book value and price to cash flow -- hinting at undervaluation.
Is it great or not?
Add all of this up, and it's hard to call Dominion a great dividend stock today. If the dividend were more secure, perhaps. Or if the dividend growth rate were more robust, maybe. Or if the valuation were deeply discounted, sure. But right now Dominion doesn't really stand out in any material way other than a relatively high yield. That's not enough to call it a great dividend stock. For investors willing to take on the uncertainty of Dominion's plans to further strengthen its business, notably reducing leverage and lowering its payout ratio, it might be worth owning. But for truly conservative investors, there will probably be too many risks, elevated leverage and the Atlantic Coast pipeline being prime examples.
10 stocks we like better than Dominion Energy
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Reuben Gregg Brewer owns shares of Dominion Energy, Inc and Southern Company. 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.
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Dominion has successfully completed a few key projects, notably including the Cove Point liquefied natural gas export facility. This project is facing material environmental pushback, it's delayed and over budget, and a key legal holdup is now set to be played out in front of the Supreme Court. For investors willing to take on the uncertainty of Dominion's plans to further strengthen its business, notably reducing leverage and lowering its payout ratio, it might be worth owning.
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That's 1.8 percentage points higher than the average utility, as measured by Vanguard Utilities Index ETF, and about 2.6 percentage points higher than an S&P 500 Index fund. But a high yield isn't enough to make Dominion a great dividend stock. Duke, Southern Company (NYSE: SO), and NextEra all covered their interest expenses at least two times over.
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One of the largest utilities in the United States, Dominion Energy (NYSE: D) is currently offering investors a very attractive 4.6% dividend yield. But a high yield isn't enough to make Dominion a great dividend stock. D data by YCharts Dominion's stock price has, perhaps understandably, lagged the broader utility group, up just 13% so far in 2019, compared with a gain of 17% for the Vanguard Utilities Index ETF.
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But a high yield isn't enough to make Dominion a great dividend stock. This is a good call, but investors aren't too happy that it will leave the dividend growing at the rate of inflation, or perhaps even lower, for a spell. That's not enough to call it a great dividend stock.
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699171.0
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2019-11-01 00:00:00 UTC
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Dominion Energy, Inc. Q3 adjusted earnings Beat Estimates
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https://www.nasdaq.com/articles/dominion-energy-inc.-q3-adjusted-earnings-beat-estimates-2019-11-01
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D):
-Earnings: $975 million in Q3 vs. $854 million in the same period last year. -EPS: $1.17 in Q3 vs. $1.30 in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $967 million or $1.18 per share for the period. -Analysts projected $1.14 per share -Revenue: $4.27 billion in Q3 vs. $3.45 billion in the same period last year.
-Guidance: Next quarter EPS guidance: $1.10 to $1.25
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: $975 million in Q3 vs. $854 million in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $967 million or $1.18 per share for the period. -Guidance: Next quarter EPS guidance: $1.10 to $1.25 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: $975 million in Q3 vs. $854 million in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $967 million or $1.18 per share for the period. -Analysts projected $1.14 per share -Revenue: $4.27 billion in Q3 vs. $3.45 billion in the same period last year.
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: $975 million in Q3 vs. $854 million in the same period last year. -Excluding items, Dominion Energy, Inc. reported adjusted earnings of $967 million or $1.18 per share for the period. -Guidance: Next quarter EPS guidance: $1.10 to $1.25 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for Dominion Energy, Inc. (D): -Earnings: $975 million in Q3 vs. $854 million in the same period last year. -EPS: $1.17 in Q3 vs. $1.30 in the same period last year. -Guidance: Next quarter EPS guidance: $1.10 to $1.25 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2019-11-01 00:00:00 UTC
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Dominion Energy, Inc. (D) Q3 2019 Earnings Call Transcript
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https://www.nasdaq.com/articles/dominion-energy-inc.-d-q3-2019-earnings-call-transcript-2019-11-02
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Image source: The Motley Fool.
Dominion Energy, Inc. (NYSE: D)
Q3 2019 Earnings Call
Nov 1, 2019, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning and welcome to the Dominion Energy Third Quarter Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Steven Ridge Vice President Investor Relations.
Steven Ridge -- Vice President of Investor Relations
Good morning and welcome. I encourage you to visit our Investor Relations website to view the earnings release kit the presentation that accompanies this morning's prepared remarks and additional quarterly disclosures. The Investor Relations team will be available after today's call to answer any questions regarding this quarter's results. Earnings materials including our prepared remarks today 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 projections forecasts 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 are able to calculate are contained in the earnings release kit. Joining today's call are Tom Farrell Chairman President and Chief Executive Officer; Jim Chapman Executive Vice President Chief Financial Officer and Treasurer; as well as other members of the executive management team. I will now turn the call over to Jim.
James Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thanks Steve and good morning. Before I walk through the quarterly results which were above the midpoint of our guidance range I wanted to highlight Dominion Energy's key investment themes all of which are consistent with the messaging from our Investor Day in March. At the highest level we delivered exceptional value to our customers our communities our employees and our shareholders. We do this by providing affordable reliable and sustainable energy to our customers. Approximately 2/3 of our operating income comes from our state-regulated utility operations whose customers center around 5 key states. Our demand pull utility-centered FERC transmission and storage customers account for most of the rest of our operating income.
Together these regulated and regulated-like customers comprise approximately 95% of our total operating income. From 2019 through 2023 we plan to invest $26 billion in growth capital programs that will modernize strengthen and improve the sustainability of our systems to the benefit of these customers. Further we do this by engaging with communities in which we live and work by being responsible stewards of the environment and by focusing relentlessly on the safety of our nearly 20000 employees. Tom will touch on these 3 topics more extensively in his remarks. Finally we do this by delivering financial results that are consistently within our guidance for earnings and dividend growth. As an example this quarter's results represent the 15th consecutive quarter of delivering weather-normalized operating earnings per share that are at or above the midpoint of our quarterly guidance range and also the 15th consecutive quarter of being in or above the range without weather normalizing.
And today we are also reaffirming our annual and long-term growth guidance. Turning now to the quarterly results on slide four. Today we reported third quarter 2019 operating earnings of $1.18 per share compared to our guidance range of $1 to $1.20 per share. Strong performance across our segments was aided by better-than-normal weather which increased utility earnings by about $0.05 per share. Adjusted for normal weather operating earnings for the quarter were $1.13 per share which is also above the midpoint of our guidance range. GAAP earnings for the quarter were $1.17 per share. A reconciliation of operating earnings to reported earnings can be found on Schedule 2 of the earnings release kit. On slide five we've summarized several milestones achieved since our last call. First Millstone began to sell electricity under the 0 carbon power contract with Connecticut utilities on October 1. Under the 10-year contract Millstone will sell 9 million megawatt hours of electricity per year representing 55% of the plant's output at a fixed price of $49.99 per megawatt hour.
This contract the financial impact of which is incorporated into our existing guidance recognizes the tremendous value of Millstone's environmental and other attributes for the state and the region. For the plant output not covered by the contract we will continue to employ a prudent hedging strategy. Note that the contract does not cover capacity as the entire plant is expected to continue to be compensated via the existing regional capacity program. We are pleased with this agreement as it ensures the ongoing financial viability of the plant and we wish to thank the Governor's office DEEP PURA and the electric utilities who work in a collaborative and thoughtful fashion to safeguard the state's environment the economy employment and energy security. Next we continue to achieve constructive results across our various and normal course state-level regulatory proceedings. In North Carolina we reached a nearly complete settlement with commission staff for our electric operations in the state with interim rates based on a 9.75% ROE to be effective this month. In Utah our gas distribution business has filed its first post-merger base rate proceeding which we expect will conclude early next year. Finally we expect resolution of our Virginia ROE proceeding later this month.
The updated ROE will impact in the near term approximately $4 billion of rate base currently earning rider returns of 9.2% plus adders of up to 1%. We estimate that every 50 basis point change in ROE would impact near-term rider earnings by between $0.01 and $0.02 per share per year. Next we expect to complete the transition to our newly -- new operating segments by the end of this year. As a reminder and as shown on slide six we are reorganizing the way we manage and report our operating segments to more closely align with their customer and regulatory profiles. During our fourth quarterearnings callearly next year we expect to provide our 2019 full year results and 2020 guidance in conformity with these updated segments. As discussed previously we believe that this new reporting structure will make our company more accessible and will highlight the premium nature of each of our businesses. Turning to slide seven. On October 21 we announced that as part of our previously communicated intention to establish a permanent capital structure for the Cove Point facility we reached an agreement with a financial investor affiliated with Brookfield to participate in an equity recapitalization of that asset.
This transaction the financial impacts of which are already included in our existing earnings and growth -- earnings growth guidance accomplishes several key objectives including: highlighting the intrinsic value created through Dominion's five year development efforts with an implied enterprise value of nearly $8.25 billion compared to a construction cost at the time of liquefaction completion of just over $4 billion; redeploying capital from the low-growth annuity-type area into our robust regulated growth capital program; preserving full operational control of the facility with no impact on existing customer contracts or employees; and reducing Dominion's annual common equity financing needs in the coming years from the levels described in our March Investor Day. Immediately upon close expected later this year we will use 100% of the proceeds to retire parent-level debt. This transaction which attractively addresses the equity portion of the facility's long-term capital structure is step 1 of 2 as we intend to finalize long-term debt related to the asset in the near future. Moving quickly to credit. During 2018 we took major steps to improve our balance sheet while also reducing our business risk profile. We expect that our full year 2019 credit metrics will be supportive of our existing credit ratings with debt coverage ratios normalized for merger-related charges in the mid-teens.
Moving now to operating earnings guidance on slide eight. As usual our operating earnings guidance ranges assume normal weather variations from which could cause results to be toward the top or the bottom of these ranges. For the fourth quarter we're initiating guidance of $1.10 to $1.25 per share. Positive factors as compared to last year include the absence of the Millstone refueling outage growth from regulated investment across electric and gas utility programs contribution from the Southeast Energy Group commencement of the Millstone 0 carbon contract net capacity expense improvement and the impact of O&M initiatives. Negative factors as compared to last year include the impact of 2018 asset sales share issuances and a return to normal weather. This fourth quarter guidance implies a narrowing of our 2019 full year guidance range to $4.15 to $4.30 per share with no change to the midpoint of our original guidance. Before I turn it over to Tom let me summarize that today we reported our 15th consecutive quarter of weather-normalized operating EPS at or above the midpoint of our guidance range. We are confirming the midpoint and narrowing our guidance range for 2019 full year operating EPS. And we are reiterating our long-term EPS growth expectation of approximately 5% next year and 5% plus thereafter.
I'll now turn the call over to Tom.
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
Thank you Jim and good morning. First a reminder that safety is our first core value. I'm pleased to report that our year-to-date safety performance is consistent with the record-setting results we have achieved in the last few years. We are focused on continuing that trend over the last two months of 2019. Turning to slide nine. I will now address the topics Jim mentioned in his remarks. First 3 weeks ago we released our latest sustainability and corporate responsibility report. It's our most comprehensive report to date and it delivers on the company's commitment to complete transparency. It embraces ESG disclosure best practices. It includes information on corporate governance and stakeholder engagement social and workforce metrics and indices that map to standards from the Global Reporting Initiative and the Sustainability Accounting Standards Board as well as the United Nations' Sustainable Development Goals. Key highlights from the report include: Dominion has reduced carbon dioxide emissions by 52% since 2005. We have also prevented more than 250000 metric tons of methane entering the atmosphere from our gas infrastructure assets in the past decade which is the equivalent of planting more than 100 million trees.
The company has raised its diverse hiring rate from 27% to 42% from 2013 to 2018 and 1 in every 5 new hires is a veteran. In 2018 Dominion contributed nearly $35 million to social betterment and employees volunteered more than 126000 hours in community service. In August we announced plans for the largest electric school bus initiative in the nation. This innovative effort aims to replace 100% of the approximately 13000 diesel-powered school buses in our Virginia electric utility service territory by 2030 which would be the equivalent in emission reductions of removing 65000 cars from the road. The vehicle-to-grid technology allows the bus batteries to store and then release energy out of the grid during periods of high demand when the buses are not in use. Finally last week we announced that we are expanding our 50-50 partnership with Smithfield Foods to become the largest renewable natural gas supplier in the nation. In total we are doubling our combined investment over the next 10 years to $0.5 billion which will allow us to capture RNG that reduces greenhouse gas emissions that are equivalent to taking 500000 cars off the road or planting 40 million new trees. We are one of the most sustainable and innovative energy companies in the United States and we believe that our customers and shareholders will benefit from our efforts.
Turning to slide 10. We have several important initiatives under way in Virginia. First offshore wind. Last month we received key approvals from the Bureau of Ocean Energy Management BOEM regarding the design fabrication and installation of our 12-megawatt pilot project which is under construction and scheduled to enter service late next year. The knowledge and experience we obtain from the permitting construction and operations pilot will be invaluable as we embark on our program to develop 2.6 gigawatts of utility-scale offshore wind in support of Governor Northam's recent executive order number 43. That order provided clear direction to policymakers and agencies regarding the state's sustainable energy future as well as a challenge to Dominion Energy to accelerate the timeline for more renewables on our system a challenge we embrace. Our intention is to bring the project which is located 27 miles off the coast of Virginia Beach online in 3 phases of 880 megawatts each.
The 3 phases will enter service in 2024 2025 and 2026 and taken together will be the largest offshore wind installation in the United States. The projects will be developed and owned by Dominion Energy Virginia with regulated cost recovery subject to approval by the Virginia State Corporation Commission. Our current five year capital plan provided at our Investor Day identifies $1.1 billion for offshore wind inclusive of $300 million for the pilot. Preliminary cost estimates which we will work hard to reduce in the interest of customer savings total an additional $7 billion. We anticipate capital expenditures to ramp up in the latter part of our current five year plan with the most significant investment to take place in 2024 through 2026. We look forward to working closely with policymakers regulators and other stakeholders to establish Virginia as the center of the United States offshore wind industry. Efforts presently under way include ocean survey work and the development of the construction and operations plan which is targeted for submittal to BOEM late next year.
We will make additional details available as we continue to make progress. Offshore wind is just one of the many investment programs that we continue to execute on for the benefit of our customers and in accordance with the Grid Transformation & Security Act. Four weeks ago we filed for a second phase of grid transformation investments to complement the cyber and physical security and telecommunication investments already approved by the SEC this past January. This second phase which calls for over $500 million of capital investments through 2021 will enhance service to customers through implementation of new technologies and a series of new programs developed with input from stakeholders and customers over the past several months as well as a thorough third-party cost benefit analysis.
That analysis concluded that the planned investments will deliver significant benefit to all customers across a wide range of areas while also driving down -- driving reductions in greenhouse gas emissions increasing economic growth in the commonwealth and providing savings to electric vehicle owners. This phase includes the installation of nearly 1 million smart meters as well as a new customer information platform which allows customers to digitally manage their energy use. A prudency determination is expected in about six months with a recovery determination thereafter. Overall we expect our grid transformation investment programs to total nearly $3 billion over a 10-year period. Finally 2 weeks ago we announced an agreement with the Commonwealth of Virginia that combined with previously announced contracts will produce enough renewable power to meet roughly 45% of the state government's annual energy use which is the largest state renewable energy procurement in the country. To accomplish this Dominion will own approximately 345 megawatts of new solar facilities and sell the output to the state under a long-term power purchase agreement. The balance of the megawatts will come from a third-party-owned wind farm.
With these projects we are nearly halfway fulfilling the commitment we made to Governor Northam to have 3000 megawatts of solar and wind resources in service or under development in Virginia by 2022. Turning to slide 11. We have provided a brief summary of capital investment related to the GTSA. As you can see we are taking significant steps in successfully implementing programs that have been identified by state policymakers as crucial for our state. Over the last several months the SEC has approved approximately $1.6 billion of capital investment with an additional $800 million filed and pending approval. During the third quarter the commission approved rider recovery for nearly $300 million of our Rider E request which was related to environmental upgrades of certain generating units. Since the last statewide election that took place two years ago Virginia's policymakers have supported on a bipartisan basis common sense utility legislation that puts the commonwealth firmly on a sustainable and modernized path to continued delivery of low-carbon affordable and resilient power.
Notable examples include the Grid Transformation & Security Act in 2018 and comprehensive coal ash and rural broadband solutions in 2019. As we execute on these policy priorities we remain vigilant of customer bill impacts. We intend to keep rates reasonable and competitive in the future just as they are today. Turning to slide 12. We continue to see very strong customer growth across our gas distribution franchise. Pending under our rider investment programs including pipeline replacement is tracking in line with the five year approximately $2 billion capex plan highlighted at our Investor Day. Last week we received approval from the Utah Public Service Commission to proceed with our investment in a regulated reliability-driven LNG peaking facility. And in West Virginia regulators recently approved a plan that will allow us to double our annual investment in replacing infrastructure by 2023. In South Carolina our integration efforts and focus on operational excellence continue to proceed successfully. In early September as Hurricane Dorian swept up the East Coast nearly 300000 of our South Carolina electric customers as well as over 170000 of our North Carolina and Virginia customers experienced service disruptions. Our crews worked around the clock in hazardous conditions to quickly and safely restore power.
In fact in all 3 states including South Carolina where nearly 40% of our customers lost power service was restored in less than 3 days. As part of our commitment to relief efforts across Virginia North and South Carolina we also donated $250000 to the American Red Cross to support the purchase supplies and food as well as shelter for those in need. Turning next to the Atlantic Coast Pipeline on slide 13. Consistent with our expectations the United States Supreme Court granted our appeal of the Fourth Circuit's Cowpasture decision which relates to ACP's crossing underneath the Appalachian trail. We expect that the Supreme Court will schedule arguments to occur late winter or early spring of next year with a final decision no later than June 2020. We are confident in our legal position and believe that the Fourth Circuit's ruling will be overturned.
Our focus remains on the Supreme Court appeal but all other options remain available. Let me also address 2 other points. Regarding the project's biological opinion I will reiterate our commentary from last quarter that there is nothing in the court's opinion on the 4 species that we expect would prevent the biological opinion from being reissued during this winter's tree felling window. However even if the timing of the BO reissuance prevents us for taking full advantage of the window including through the end of the first half of next year we do not expect the existing project cost estimate of $7.3 billion to $7.8 billion to change. This cost range which we provided early this year incorporated a variety of potential permit resolution and construction recommencement time lines including a successful AT Supreme Court appeal. We continue to expect project construction to be completed by the end of 2021 with full commissioning to conclude in early 2022.
This past Tuesday the Fourth Circuit heard arguments regarding an appeal of our Buckingham Compressor Station minor source air permit. We remain confident that the extraordinary protections undertaken at the site as adapted to address -- and as adapted to address community input more than satisfy both the process and substance required by applicable law. The permit provides for the most stringent controls for any compressor station in the United States. We have demonstrated that emissions measured at and beyond the station's fence line will meet the highest public health standards as applied to even the most sensitive populations and environments. We expect the court to issue a ruling within the next three months. We expect the project will be able to deliver significant volumes to customers under our current timeline even if the permit needs more time to be resolved. I will also note that since the last quarterly call we have continued to advance discussions with Atlantic Coast Pipeline customers regarding the equitable resolution of project cost increases.
We expect to reach an agreement in principle by the end of this year and we are confident that the result will satisfactorily balance customer rates with project returns. Our customers' demand for this critical and common sense energy infrastructure is unwavering. Turning to slide 14. Early last month we announced several leadership changes to better reflect the new financial and operating reporting structure that will take effect later this year. Bob Blue currently CEO of the Power Delivery Group will assume responsibility for Dominion Energy Virginia and Dominion Energy Contracted Generation. Diane Leopold currently CEO of the Gas Infrastructure Group will assume responsibility for Dominion Energy South Carolina Gas Transmission and Storage and Gas Distribution. In addition Bob and Diane will each assume the title of Co-Chief Operating Officer. Carter Reid currently Chief Administrative and Compliance Officer will become the Chief of Staff for Dominion Energy and President of Dominion Energy Services. Bob Diane Carter and Jim Chapman as Chief Financial Officer and Treasurer will continue to report directly to me.
These leaders are exceptionally well qualified to play important roles in the execution of our long-term strategy and I congratulate them. I also want to thank Paul Koonce who will retire in the coming months for his many years of dedicated service to our company. His contributions will be missed and we wish him all the very best in his future endeavors. With that I will summarize today's release as follows: We are on track to achieve full year safety results that are consistent with the record-setting performance of recent years. We continue to take industry-leading innovative steps to demonstrate our leadership on environmental social and governance matters. We achieved weather-normalized operating earnings that exceeded the midpoint of our guidance range for the 15th consecutive quarter. We are narrowing our full year 2019 operating earnings per share guidance and affirming our original midpoint. We are reiterating our long-term EPS growth expectations of approximately 5% next year and 5% plus thereafter. And we are making significant progress across our capital investment programs to the benefit of our customers.
We will now be happy to answer your questions.
Questions and Answers:
Operator
[Operator Instructions] We will take our first question and that is from Shar Pourreza with Guggenheim Partners. Please go ahead.
Shar Pourreza -- Guggenheim Partners. -- Analyst
So Tom you obviously highlighted -- a couple of questions here. You obviously highlighted the huge opportunity you said you guys have with offshore wind right? And we know the development cycle could be kind of long. We've seen it with Vineyard. I'm curious if you could talk a little bit around how you're thinking about contingencies around permitting construction and contract terms. And then as the projects starts to go through construction maybe just a little bit on financing. I mean should we think about the first tranche of the projects self-funding future projects with the cash flow they're generating? So maybe how we should think about sort of the financing of what could be a very large capital outlay.
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
Thanks. I'll start and then I'll turn it over to Paul Koonce who's spent an enormous amount of time working on this development. The -- and Jim Chapman can answer any further questions on the financing. I would mention we are expecting rider recovery and we'll seek rider approval for all 3 phases. We've been working on this project for six years. We bought the right lease option the lease rights in a 2013 auction that was run by BOEM. And ever since that time we've been working with a variety of stakeholders to make sure we had the right plan and we had the right folks to help us do the pilot. We got approval from the State Corporation Commission. It's been through BOEM.
We had the permits from BOEM. One of the things to keep in mind that differentiates us from the New England situation is we own the entire lease for the entire coastal region of Virginia. And it's 26 miles offshore. It is not in fishing grounds and it is not visible from the shore. So it's very significant differentiating aspects of what's going on here in Virginia and what you've seen happen in New England but -- from the macro level. And now I'll turn it over to Paul to answer the balance of your question.
Paul Koonce -- Executive Vice President, President And Chief Executive Officer And Chief Operating Officer Of Power
Thanks Tom. Shar as Tom mentioned we've been at this for quite some time. We expect as Tom mentioned in his prepared remarks to file the construction and operating permit about this time next year. We've got ample time to get the BOEM permit in place in order to meet the first phase construction. We will be starting the work now the ocean mapping the geotech work the environmental studies and that will take place over the course of 2020. And having -- as Tom mentioned having just gone through it on the CVOW project while that was a research area permit and this is a commercial and operating permit the process is identical. So we know the stakeholders we know the process and we feel really pretty good about it. I'll ask Jim to comment on financing.
James Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yes. Two things Shar. One as Tom mentioned in his prepared remarks in our existing plan that we walked through in some detail back in March we highlighted $1.1 billion of spending in offshore wind in our plan from 2019 through '23. So obviously recent announcements are much larger dollars than that but the vast majority of the increase is going to come in those years of completion '24 '25 '26. So the majority of the spending to come in our current planning horizon is already in our plans that we walked through. And the rest we'll update over time as time comes closer. But given what Tom and Paul just described this is all in a regulatory construct to be financed at VEPCO. It's certainly achievable but the details will come in the next period.
Shar Pourreza -- Guggenheim Partners. -- Analyst
Got it. That's helpful. And then just around the VRP the retirement plan is there any status? And then I know your past comments is it's supportive of your growth. Maybe just a little bit of a sense on how that program is going how it's shaping the O&M profile. And sort of bigger picture is VRP offshore wind the rate plans you have in Virginia is there a point in time when you can change the way you guide to growth i.e. moving from 5% plus more of a range especially as we're trying to model what the incremental accretion is from offshore wind? Because it just seems like between Cove Point your plan is becoming much more visible. So is there a point in time when you can start to layer in more of a definitive growth range versus 5% plus?
James Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Shar you linked quite a few things into one question there good job. Yes. Look the offshore wind what that does to our guidance I mean it's beyond our five year planning horizon. So the spending and then the associated earnings as I just walked through the $1.1 billion including the pilot I mean that's in our plan. It's in our earnings guidance. There are no changes for now on that front. On the VRP you're right that's kind of done and dusted earlier this year. We talked about that as being a savings of call it $0.05 to $0.06 this year maybe double that on a full run rate next year and diminishing over time as it's given back to customers. So that -- we talked about that as being available savings to offset unforeseen headwinds and that's still the case.
But as an update this year as you know the vast majority of our business 95% of our business is not commodity exposed in any way the 5% that's not regulated or regulated-like is. And within that 5% of our operating earnings there's a couple things. One is obviously the gas commodity environment is weak and our business is largely immune to that. We have a little bit of exposure mostly around our single remaining processing plant which is in West Virginia and that's a little bit of a headwind as those businesses go from like very small to even smaller this year. So that's a little bit of a headwind. More materially though this farm-out program that has been very successful. As you know Shar this is monetizing acreage and mineral resources below our storage field. We announced that program in early 2015 and we gave guidance to the end of the decade of $450 million to $500 million of pre-tax earnings and we've been ticking along that kind of like clockwork. We're 75% through that guidance. But given the pricing given the commodity environment and the pricing that's available to us today we're choosing not to transact on a farm-out this year.
And we're going to hold that acreage and that value for farm-out transactions in future periods when there's an improvement in the commodity pricing environment. So what that means is obviously we've just reiterated our guidance same midpoint. So that means we've overcome any unforeseen headwind previously unforeseen relating to our decision not to transact on a farm-out this year. So that's basically the VRP savings which we're using it pretty much as we described we would VRP savings and other initiatives to overcome that decision. So no change to our guidance. Those are the analysts parts.
Shar Pourreza -- Guggenheim Partners. -- Analyst
Perfect, guys, thank you so much.
James Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thank you.
Operator
We will take our next question from Steve Fleishman with Wolfe Research. Please go ahead.
Steve Fleishman -- Wolfe Research -- Analyst
So the -- your offshore wind is obviously different from really any other so far in that it's going to be done -- planned to be done in the regulated business. How do you know that that structure of it will be approved? Or could there be people that want to try to bid for it etc? Could you talk about that?
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
Sure. Well we're the only one that owns the offshore lease. We own 100% of the offshore lease. We paid for it in the auction. Nobody else can build a wind farm off of Virginia. Governor Northam a few -- I guess a couple months ago now called for the construction of this wind farm because it's his intention to help Virginia develop into the center of the offshore wind industry along the East Coast and that's a challenge that we embrace. And he specifically said that he recognized that there may be some who want to push back on that on whether it was necessary required or a good thing for Virginia that he was going to work very hard to ensure that the public policy and regulatory support was in place to carry out this plan. And it was only after those statements that we went ahead with our announcement to full deployment although we had been working obviously because we filed for the PGM -- PJM interconnection agreement. So there's obviously a process in front of us. We are highly confident that it will be carried out to fruition. There is a lot of public support from this -- for this project including from political leaders on both sides of the political fence both Democrats and Republicans that want to see this thing happen. So we have -- obviously there are -- a long way to go on it but we have high confidence level in it going forward. It'll be the only offshore wind farm in federal waters. It will not be visible from the shore line. So we don't have any of these visual impacts that concern people. The environmental community is very supportive of the project going forward. The economic development people in Tidewater Virginia are very supportive of this going forward. So obviously we don't have any guarantees of that Steve but we have a very high confidence level in the outcome.
Steve Fleishman -- Wolfe Research -- Analyst
Okay, great. Thank you.
Operator
We will take our next question from Julien Dumoulin-Smith with Bank of America. Please go ahead.
Julien Dumoulin-Smith -- Bank of America. -- Analyst
Congratulations to all those receiving promotions here. I know there's a number. Perhaps just to pile on on this offshore wind question and perhaps to complement that you talked about potentially finding ways to mitigate cost to consumers. Can you talk a little bit more precisely about the game plan first for qualifying on the tax credit front just given the longevity of the plan but obviously if you're starting it today in theory you should qualify at least some of it? And then separately when you'll come out with some more definitive plans and filings except maybe following the last question here to actually pursue this at the SEC level?
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
Well first let me just give you a macro answer Julien. And the folks who got the promotions are in the room they heard your congratulations. On a macro basis and I'll turn it over to Paul Koonce. We are very concerned here about customer rates. It's something we focus on all the time. And because our goal is to ensure that our customer rates stay very competitive well below national averages below the regional averages as they are now. And we intend for them to stay that way including with the construction of this wind farm. So we will be working very hard with the fabricators developers installers. We will be the operators to ensure that we get the costs down as low as we can as we go ahead which will be important for everybody involved helping us with the project. So with that I'll turn it over to Paul.
Paul Koonce -- Executive Vice President, President And Chief Executive Officer And Chief Operating Officer Of Power
Thanks Tom. Julien again just to follow up on Tom's comments about costs I think that's one of the key reasons why we broke the project up in 3 phases so that we could continue to let the supply chain mature let the costs continue to come down so that the impact to rates are minimized. Just in terms of ITC and safe harboring of course as you know in order to qualify for ITC a treatment for an offshore wind farm you have to begin construction this year. We're looking at that. We don't have anything to comment about that but we're aware of that timing. There may be some things that we can do to safe harbor certain of those costs. So we're exploring that more to come on that in 2020. In terms of plans and filings we're not -- as Tom said we're going to file for the BOEM application this time next year.
We're not prepared to say exactly when we're going to file for the SEC application but I can tell you that we will be conducting many public meetings over the course of 2020 as we make the environmental assessment. Obviously marine life plant and birds we'll be doing ocean mapping and we'll be doing geotech analysis or subsurface analysis. So you will begin to see all that sort of play out in 2020 and I think that will be a good way to sort of pace when we might expect to make an SEC filing.
Julien Dumoulin-Smith -- Bank of America. -- Analyst
Got it. But just to clarify the last question too. How much of this is in the five year window as you see it perhaps Phase 1 if you will?
James Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Julien we're -- as mentioned we've got $1.1 billion in total in our five year plan as we walked through in March. And for now that's the number.
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
The $7 billion is additive to that.
James Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
That's right. Everything else comes in '24 25 '26.
Julien Dumoulin-Smith -- Bank of America. -- Analyst
Okay. All right. Fair enough. Excellent. And then just to clarify the prior one on the order. Does that change the criteria that the SEC is going to be applying in that process?
Paul Koonce -- Executive Vice President, President And Chief Executive Officer And Chief Operating Officer Of Power
The -- Julien this is Paul. The GTSA finds that offshore wind is in the public interest. Now the SEC process is well known whether they and how they conduct a market test. Anytime we build generation for the benefit of our rate payers there's a certain process that we follow and that's a process we know well and we'll just step through that when that time comes.
Julien Dumoulin-Smith -- Bank of America. -- Analyst
Thanks guys
Operator
We will take our next question from Greg Gordon with Evercore. Please go ahead.
Greg Gordon -- Evercore ISI -- Analyst
Shar's question was like the question from back-to-school 1 question but in 27 parts right? On ACP when I first read the release I felt like it was kind of -- my first reaction was oh this is kind of negative. It looks like there could be slippage in the biological permit. But now that I'm hearing your commentary on it I feel less -- I guess we should feel less concerned because you feel like even if the permit comes in after the turn of the year you've scrubbed your construction cost forecast and you still feel like you can move the schedule around and come in on budget.
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
Thanks Greg. I'll turn it over to Diane Leopold who spent a lot of her life working on the Atlantic Coast Pipeline. Go ahead.
Diane Leopold -- Executive Vice President & Chief Executive Officer, Gas Infrastructure Group
Yes. When we looked at it I think you have it exactly right. We -- when we gave guidance earlier this year we looked at a lot of different scenarios and a lot of different contingencies to try to capture a variety of outcomes including going to the Supreme Court including when we would restart construction. And so just given -- looking at the different segments of the pipeline we feel comfortable with -- that we are well within what we've incorporated for both cost and schedule at this point.
Greg Gordon -- Evercore ISI -- Analyst
And can you give us some sense of why the permit may have slipped a few more months? Is it just that they're being extra careful to make sure that they comply with all the nuances of the remand and don't get another stay? Or is there something else going on?
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
Greg I don't think we're trying to imply that we think the permit has slipped. What we're trying to say is even if it does we're still on the schedule and cost. [We're not implying that] we think it's going to slip.
Greg Gordon -- Evercore ISI -- Analyst
Okay. Sorry if I misconstrued that. The last part of my question. You talked to negotiations with the off-takers on the pipe who are mainly utilities. This is a demand-driven pipe. They need the gas which is why you're building it. It's not a supply push situation. I think investors are concerned that with the cost overruns this winds up being a pipe that doesn't earn its cost of capital. But you seem to be positioning it in such a way that you should be able to potentially share the burden of those unexpected cost increases with the utilities who are taking the capacity. So can you talk through like how much of that you're -- you think you'll be able to share given the unforeseen delays in the pipe and what type of return we should expect on the pipe if you're successful?
Diane Leopold -- Executive Vice President & Chief Executive Officer, Gas Infrastructure Group
Yes. This is Diane Leopold again. I won't get into the actual expected project returns. I will tell you as Tom said in the actual script the customers very much need this pipeline for regional security for their own customers' needs. This is clearly a demand-driven pipeline. And we are in very constructive negotiations with the customer for fair rates to their customers as well as fair returns for us and we're comfortable with the returns that we'll get for the pipeline.
Greg Gordon -- Evercore ISI -- Analyst
Okay, thank you very much.
Diane Leopold -- Executive Vice President & Chief Executive Officer, Gas Infrastructure Group
Thank you, Greg.
Operator
We will take our next question from Christopher Turnure with JP Morgan. Please go ahead.
Christopher Tenure -- JP Morgan -- Analyst
Tom I think you spent a lot of time in your prepared remarks on the political environment in Virginia and kind of how you guys are thinking about that and the legislation from last year. But could you give us an update to both the South Carolina and North Carolina -- or pardon me South Carolina and Virginia regulatory environments right now and political environments and also just the latest on your South Carolina regulatory strategy for next year?
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
Sure. The -- we announced the South Carolina -- the SCANA merger I guess late in I guess it was '17 and then spent the year '18 going through the process. And it was a relatively hot political climate in South Carolina over -- because of SCANA and Santee Cooper's cancellation of the expansion of the Summer nuclear plants. We went through that whole process very transparently answered all the questions went to all the meetings. And then as we closed the transaction we said to policymakers that our intention was to stay out of the headlines do our blocking and tackling provide reliable service both gas and electric at reasonable and much reduced electric rates and just be part of the community. That was our goal and that's exactly what's happened in the state of South Carolina. Things are very -- moving along very well there progressing well. We're out of the headlines except when we do things in the communities we serve including the extraordinarily prompt restoration of the loss of electricity for 40% of our customers got all our lights back on in 3 days. All that helps a community understand their new neighbor. We will be filing a rate case next year. We are under earning in South Carolina. It's well known to everybody. And we're formulating and completing that regulatory strategy now but we will be filing in I think -- when is it Rodney May?
Phillip Rodney Blevins -- President and Chief Executive Officer
Going to have to file before May 1.
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
Before May 1 2020. I'm sorry in North Carolina we have a great case going in North Carolina. We've settled all but 1 or 2. We consider them to be relatively small issues got agreed on 9.75% ROE very constructive regulatory environment and economic development environment in North Carolina.
Christopher Tenure -- JP Morgan -- Analyst
And just in Virginia if the legislature stays Republican would that change some of the plans that you've been talking about today or kind of shift your capital spending at all in a different direction?
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
No. We have a long history of working with whatever party is in the majority in whatever of the 2 houses with Democratic governors Republican governors Democratic leaders and Republican leaders. So don't expect any changes to our plan.
Christopher Tenure -- JP Morgan -- Analyst
Okay. And then my second question is just on equity needs going forward. I think you partially addressed this in your prepared remarks but will the sale of the stake in Cove Point mean that you will not need any equity internal or external for the next several years?
James Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yes. Going back to our -- it's Jim. Going back to our guidance from our Analyst Day back in March we had shown a projection through '21 that had equity component to support our regulated capital spending of $300 million of DRIP as on and $300 million to $500 million per year of ATM so all done under our programs. With the Cove financing we are using 100% of those proceeds by year-end $2 billion to pay down parent-level debt as I mentioned. But we will effectively offset the ATM portion of that prior guidance in '20 and '21. So taking a midpoint of that $300 million to $500 million range $400 million so that goes to 0. But -- and the DRIP is just always on so that will be the only remaining program that's active for equity in those years.
Christopher Tenure -- JP Morgan -- Analyst
Okay, that's clear. Thank you.
Operator
We will take our next question from Michael Weinstein with Credit Suisse. Please go ahead.
Michael Weinstein -- Credit Suisse. -- Analyst
Hi, guys. On Cove Point is there any interest in selling an additional stake in Cove Point at this point? Or is this now -- you're now at the minimum desired level of ownership?
James Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thank you for that question. We -- there's no interest in that. We're in our desired outcome.
Michael Weinstein -- Credit Suisse. -- Analyst
Okay. And in the discussions with the ACP customers I just wanted to be clear that the talks are overall cost increases above the what is it I think $6.25 billion that's currently in the agreement embedded in current agreements?
Diane Leopold -- Executive Vice President & Chief Executive Officer, Gas Infrastructure Group
Yes. It's -- I won't disclose anything in the contract but it's basically negotiating cost increases up to the current anticipated level.
Michael Weinstein -- Credit Suisse. -- Analyst
And is there anything you can say about what those contracts obligate each party at on the face of it at this point before negotiations?
Diane Leopold -- Executive Vice President & Chief Executive Officer, Gas Infrastructure Group
No. No. We don't want to disclose that. Thanks.
Michael Weinstein -- Credit Suisse. -- Analyst
Okay. And just 1 last question I had is about the renewable tariff. I think you had some major C&I customers in Virginia looking to -- for alternative suppliers. And have you guys -- has Virginia -- has the Virginia Utility received permission to have its own renewable tariff at this point so that they can compete against these renewable suppliers?
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
I'll ask Bob Blue to answer that question.
Robert Blue -- Executive Vice President, President & Chief Executive Officer -Power Delivery Group
Yes Michael it's Bob. We have pending an application for a 100% renewable energy tariff. As you know in Virginia law customers can seek service from a competitive service provider unless the utility has a 100% renewable tariff. We filed for one earlier this year. We'll have hearing on that in November. The State Corporation Commission staff filed their testament yesterday and did not raise significant objections to our proposal. And the one that we have filed is modeled closely on one that was approved earlier by the commission. So we feel very good about where that will go.
Operator
[Operator Closing Remarks]
Duration: 55 minutes
Call participants:
Steven Ridge -- Vice President of Investor Relations
James Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer.
Paul Koonce -- Executive Vice President, President And Chief Executive Officer And Chief Operating Officer Of Power
Diane Leopold -- Executive Vice President & Chief Executive Officer, Gas Infrastructure Group
Phillip Rodney Blevins -- President and Chief Executive Officer
Robert Blue -- Executive Vice President, President & Chief Executive Officer -Power Delivery Group
Shar Pourreza -- Guggenheim Partners. -- Analyst
Steve Fleishman -- Wolfe Research -- Analyst
Julien Dumoulin-Smith -- Bank of America. -- Analyst
Greg Gordon -- Evercore ISI -- Analyst
Christopher Tenure -- JP Morgan -- Analyst
Michael Weinstein -- Credit Suisse. -- Analyst
More D analysis
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10 stocks we like better than Dominion Energy, Inc
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer. Please go ahead. Julien Dumoulin-Smith -- Bank of America.
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Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer. Please go ahead. Julien Dumoulin-Smith -- Bank of America.
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Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer. Please go ahead. Julien Dumoulin-Smith -- Bank of America.
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Thomas Farrell -- Chairman Of The Board, President, Chief Executive Officer. Please go ahead. Julien Dumoulin-Smith -- Bank of America.
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699173.0
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2019-11-01 00:00:00 UTC
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Dominion Energy Q3 19 Earnings Conference Call At 10:00 AM ET
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https://www.nasdaq.com/articles/dominion-energy-q3-19-earnings-conference-call-at-10%3A00-am-et-2019-11-01
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(RTTNews) - Dominion Energy Inc. (D) will host a conference call at 10:00 AM ET on Nov. 1, 2019, to discuss Q3 19 earnings results.
To access the live webcast, log on to http://investors.dominionenergy.com/
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy Inc. (D) will host a conference call at 10:00 AM ET on Nov. 1, 2019, to discuss Q3 19 earnings results. To access the live webcast, log on to http://investors.dominionenergy.com/ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy Inc. (D) will host a conference call at 10:00 AM ET on Nov. 1, 2019, to discuss Q3 19 earnings results. To access the live webcast, log on to http://investors.dominionenergy.com/ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy Inc. (D) will host a conference call at 10:00 AM ET on Nov. 1, 2019, to discuss Q3 19 earnings results. To access the live webcast, log on to http://investors.dominionenergy.com/ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy Inc. (D) will host a conference call at 10:00 AM ET on Nov. 1, 2019, to discuss Q3 19 earnings results. To access the live webcast, log on to http://investors.dominionenergy.com/ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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699174.0
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2019-10-31 00:00:00 UTC
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Daily Dividend Report: AAPL, XOM, CVX, D, ICE
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https://www.nasdaq.com/articles/daily-dividend-report%3A-aapl-xom-cvx-d-ice-2019-10-31
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Apple's board of directors has declared a cash dividend of $0.77 per share of the Company's common stock. The dividend is payable on November 14, 2019 to shareholders of record as of the close of business on November 11, 2019.
Exxon Mobil Corporation (XOM) declared a cash dividend of $0.87 cents per share on the Common Stock, payable on December 10, 2019 to shareholders of record of Common Stock at the close of business on November 12, 2019.
Chevron Corporation (CVX) declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share, payable December 10, 2019, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2019.
Dominion Energy (D) has declared a quarterly dividend of 91.75 cents per share of common stock. Dividends are payable on Dec. 20, 2019, to shareholders of record at the close of business Dec. 6, 2019.
Intercontinental Exchange (ICE) announced a $0.275 per share dividend for the fourth quarter of 2019. The cash dividend is payable on December 31, 2019 to stockholders of record as of December 16, 2019. The ex-dividend date is December 13, 2019.
VIDEO: Daily Dividend Report: AAPL, XOM, CVX, D, ICE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple's board of directors has declared a cash dividend of $0.77 per share of the Company's common stock. Chevron Corporation (CVX) declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share, payable December 10, 2019, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2019. Dominion Energy (D) has declared a quarterly dividend of 91.75 cents per share of common stock.
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Exxon Mobil Corporation (XOM) declared a cash dividend of $0.87 cents per share on the Common Stock, payable on December 10, 2019 to shareholders of record of Common Stock at the close of business on November 12, 2019. Chevron Corporation (CVX) declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share, payable December 10, 2019, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2019. Dominion Energy (D) has declared a quarterly dividend of 91.75 cents per share of common stock.
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The dividend is payable on November 14, 2019 to shareholders of record as of the close of business on November 11, 2019. Exxon Mobil Corporation (XOM) declared a cash dividend of $0.87 cents per share on the Common Stock, payable on December 10, 2019 to shareholders of record of Common Stock at the close of business on November 12, 2019. Chevron Corporation (CVX) declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share, payable December 10, 2019, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2019.
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Exxon Mobil Corporation (XOM) declared a cash dividend of $0.87 cents per share on the Common Stock, payable on December 10, 2019 to shareholders of record of Common Stock at the close of business on November 12, 2019. Dominion Energy (D) has declared a quarterly dividend of 91.75 cents per share of common stock. The cash dividend is payable on December 31, 2019 to stockholders of record as of December 16, 2019.
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699175.0
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2019-10-30 00:00:00 UTC
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AMLP, NFO: Big ETF Outflows
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https://www.nasdaq.com/articles/amlp-nfo%3A-big-etf-outflows-2019-10-30
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the AMLP ETF (AMLP), where 2,850,000 units were destroyed, or a 0.3% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco Insider Sentiment ETF (NFO), which lost 350,000 of its units, representing a 24.1% decline in outstanding units compared to the week prior. Among the largest underlying components of NFO, in morning trading today Aqua America (WTR) is up about 1.1%, and Dominion Energy (D) is lower by about 0.1%.
VIDEO: AMLP, NFO: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And on a percentage change basis, the ETF with the biggest outflow was the Invesco Insider Sentiment ETF (NFO), which lost 350,000 of its units, representing a 24.1% decline in outstanding units compared to the week prior. Among the largest underlying components of NFO, in morning trading today Aqua America (WTR) is up about 1.1%, and Dominion Energy (D) is lower by about 0.1%. VIDEO: AMLP, NFO: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the AMLP ETF (AMLP), where 2,850,000 units were destroyed, or a 0.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Invesco Insider Sentiment ETF (NFO), which lost 350,000 of its units, representing a 24.1% decline in outstanding units compared to the week prior. VIDEO: AMLP, NFO: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the AMLP ETF (AMLP), where 2,850,000 units were destroyed, or a 0.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Invesco Insider Sentiment ETF (NFO), which lost 350,000 of its units, representing a 24.1% decline in outstanding units compared to the week prior. VIDEO: AMLP, NFO: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the AMLP ETF (AMLP), where 2,850,000 units were destroyed, or a 0.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Invesco Insider Sentiment ETF (NFO), which lost 350,000 of its units, representing a 24.1% decline in outstanding units compared to the week prior. Among the largest underlying components of NFO, in morning trading today Aqua America (WTR) is up about 1.1%, and Dominion Energy (D) is lower by about 0.1%.
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699176.0
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2019-10-30 00:00:00 UTC
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This High-Yield Utility Just Raised $2 Billion
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https://www.nasdaq.com/articles/this-high-yield-utility-just-raised-%242-billion-2019-10-30
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Dominion Energy (NYSE: D) is one of the largest utilities in the United States. It also has one of the highest dividend yields in the sector at around 4.4%. That isn't a market oddity -- investors have looked at the utility's balance sheet and correctly surmised that Dominion has a leverage problem. That said, the U.S. utility giant is working hard to fix that. Here's the lowdown on what's going on, including a recent deal that will result in a $2 billion cash inflow.
It's got problems
There's no way to sugarcoat Dominion's current financial state. Its financial debt to equity ratio isn't out of line with those of its closest peers at around 0.65 times. However, its financial debt to EBITDA ratio of more than 6.5 times is well above those of similarly sized utilities. Meanwhile, as you might expect, its ability to pay its interest expenses is among the weakest of its peers, with the company sporting a times interest earned ratio of less than two. And, to add to the list of problems, its payout ratio in 2019 is expected to be close to 90%, compared to an average of around 70% for peers.
Image source: Getty Images
Although operationally speaking Dominion is a fairly boring company, its financial state is anything but. However, the company is well aware of the issue. It recently announced that dividend growth would slow into the low single digits until the payout ratio is more in line with those of its peers. After a series of 10% annual hikes that's a bit of a let down for dividend investors, but it will preserve the company's 16-year streak of annual increases, while also bringing its payout ratio down to more comforting levels. And, of course, it will free up cash for other uses, like strengthening the balance sheet.
Making things better after making things worse
Mending its balance sheet is a good move, but it was something that Dominion pretty much forced on itself. It has been aggressively building assets over the past couple of years, notably including the recently completed Cove Point liquefied natural gas facility (more on this in a second). That spending was already stretching the company's finances. Then the bankruptcy of contractor Westinghouse forced utility peer SCANA to scrap a nuclear power plant it was building. That pushed SCANA into financial disarray. Dominion saw an opportunity and stepped in to help, eventually buying the smaller, troubled, utility.
Strategically speaking, Dominion made a good move. SCANA's business added exposure to higher-growth regions of the country. But it did little to help Dominion's strained financial condition. Now add to that the company's decision to buy back a master limited partnership it controlled, largely because of tax regulation changes that reduced its value as a funding vehicle. And also keep in mind that Dominion still has more construction plans on the books, notably the contentious Atlantic Coast Pipeline.
That's why Dominion has been getting more creative to raise cash, including selling assets outright. In late 2018 it agreed to sell some non-core power plants for around $1.25 billion. At roughly the same time it also found a buyer for its 50% stake in the Blue Racer pipeline, raising another $1.5 billion. And it took on debt at the Cove Point facility, pushing cash up to Dominion to use (it was originally planning to sell Cove Point to the controlled partnership it had to buy back).
The most recent move was the sale of a 25% stake in Cove Point to Canadian infrastructure giant Brookfield Asset Management (NYSE: BAM). This allowed the company to raise another $2 billion from this asset that it can use to further strengthen its balance sheet. And, as you would expect, all of these moves have had an impact, with long-term debt levels falling of late. However, after long-term debt more than doubled over the past decade, there's still a lot of work to be done.
D Financial Debt to EBITDA (TTM) data by YCharts
In fact, the recent step lower looks like a tiny blip compared to the long-term trend. Worse, as the utility sells assets it also loses the associated cash flows. So these sales may help whittle down the debt pile, but they may not be as helpful in correcting the leverage issue, at least not in the near term. Still, when you step back, Dominion is making the right decisions today to help improve its financial condition.
And as a utility, Dominion has a highly regulated business with locked in customers and a fairly reliable recurring income stream. So it can likely handle its debt-heavy balance sheet for now. (Bankruptcy isn't exactly something investors need to be too worried about here.) However, Dominion appears to have a long way to go before its balance sheet and dividend are back on solid ground.
Is the high yield worth it?
While Dominion offers investors one of the higher yields in the utility space, it really isn't a great choice for particularly conservative income investors right now. Put simply, the yield is high for a good reason. For more aggressive sorts willing to keep a close eye on their portfolios, however, Dominion might be worth a deep dive. Yes, it has a leverage issue. But it sees the problem, and is working to address it. If you can stomach some uncertainty while it does that, the risks here seem worth the reward if you are looking to buy a utility stock today.
10 stocks we like better than Dominion Energy, Inc
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Dominion Energy, Inc wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of June 1, 2019
Reuben Gregg Brewer owns shares of Dominion Energy, Inc. The Motley Fool owns shares of and recommends Brookfield Asset Management. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has been aggressively building assets over the past couple of years, notably including the recently completed Cove Point liquefied natural gas facility (more on this in a second). Now add to that the company's decision to buy back a master limited partnership it controlled, largely because of tax regulation changes that reduced its value as a funding vehicle. D Financial Debt to EBITDA (TTM) data by YCharts In fact, the recent step lower looks like a tiny blip compared to the long-term trend.
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Making things better after making things worse Mending its balance sheet is a good move, but it was something that Dominion pretty much forced on itself. The most recent move was the sale of a 25% stake in Cove Point to Canadian infrastructure giant Brookfield Asset Management (NYSE: BAM). The Motley Fool owns shares of and recommends Brookfield Asset Management.
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That isn't a market oddity -- investors have looked at the utility's balance sheet and correctly surmised that Dominion has a leverage problem. And it took on debt at the Cove Point facility, pushing cash up to Dominion to use (it was originally planning to sell Cove Point to the controlled partnership it had to buy back). While Dominion offers investors one of the higher yields in the utility space, it really isn't a great choice for particularly conservative income investors right now.
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That isn't a market oddity -- investors have looked at the utility's balance sheet and correctly surmised that Dominion has a leverage problem. And, to add to the list of problems, its payout ratio in 2019 is expected to be close to 90%, compared to an average of around 70% for peers. This allowed the company to raise another $2 billion from this asset that it can use to further strengthen its balance sheet.
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699177.0
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2019-10-24 00:00:00 UTC
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The One Critical Lesson Most Income Investors Ignore
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https://www.nasdaq.com/articles/the-one-critical-lesson-most-income-investors-ignore-2019-10-24
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When it comes to buying stocks, nearly everyone is looking for some kind of "deal."
Think about it this way. If you saw a book selling for $5 at a store, with a $10 bill sticking out of its pages, you'd be crazy not to buy it. You probably wouldn't even check to see what the book title was.
That's an instant 100% return on your purchase because the book held more value than what its sticker price said.
Years ago, before I took charge of my premium newsletter advisory, High-Yield Investing, I hunted for stocks in a similar way. Finding high-value companies with low share prices often led to triple-digit returns.
Craft Brew Alliance (Nasdaq: BREW), for example, went on to produce a stellar gain of 153.4% in the year after I recommended it. Exchange-traded fund issuer Wisdom Tree (Nasdaq: WETF) surged 189.4%. Of course, the first reason I bought these two stocks in the first place was because both stocks were undervalued.
But here's the part that most investors all too often ignore when they buy undervalued stocks... Cheap stocks can sometimes drift aimlessly and stay cheap. Or worse, they could be "falling knives" with share prices that plummet way below what you thought was "a good deal."
To prevent those situations from happening, I use another key element in my investing approach. It's one that applies to any stock -- growth or dividend stock -- and it helps ensure that I get high returns in a reasonable amount of time.
You see, finding a "value" stock whose price is a great distance away from what it's truly worth is only half the battle. You also have to consider how long it will take to make the journey.
Imagine two stocks trading at $30 that are arguably worth $40. Both would seem to offer the same upside potential. But the first might sprint and make the trip in just one year, giving investors a 33.3% return, while the second trudges slowly and takes three years, for an annualized return of just 10.0%.
Everyone would prefer the first stock -- which is why I preached to my subscribers the importance of identifying specific agents of change that can propel an investment rapidly upward.
Introducing: Catalysts
Of course, I'm not searching for aggressive growth stocks in my High-Yield Investing advisory. But if some of our holdings happen to shoot higher, I certainly won't complain, particularly when their dividends are also marching higher.
And that's what catalysts are all about. Catalysts are key to ensuring that stocks you buy at a discount will actually lead to a fast turnaround in gains.
Simply put, a catalyst is any event, development or trend that makes investors want to jump on a stock or industry group.
It could be the launch of a hot new product or penetration into a foreign market. Or it could come from belt-tightening, if, for example, a retailer exits an unprofitable business line or a real estate investment trust sells a weak property.
Some catalysts come from big strategic shifts -- acquisitions, spin-offs or other major business restructuring. Others could be external, like the missteps of a key competitor. Even the weather can be a strong catalyst.
Catalysts can come from almost anywhere... rising crop prices, falling interest rates, patent infringement lawsuits, outspoken shareholder activists. They can all elicit a sharp increase in stock price.
Here are more typical examples:
-- Pharmaceutical company: long-awaited FDA approval of a potential blockbuster drug that could bring in millions in new sales.
-- Energy Producer: the discovery of a massive offshore oil field that promises a big increase in production and reserves.
-- Lumber mill: a sharp rebound in housing construction that leads to new orders for 2X4s and plywood.
-- Defense contractor: landing a plum multi-billion dollar weapons procurement deal.
How You Can Profit From Catalysts
Some of the most powerful catalysts come from legislative changes, regulatory overhauls, and anything else originating from the Federal government. Whether it's a narrow protective trade tariff or green energy subsidy that impacts one niche or a broad stroke like monetary policy that paints everything, the decisions handed down in Washington always work for some stocks and against others.
And unlike the fleeting 2% bounce you might see from an analyst upgrade, these catalysts typically have a lasting impact. That's what I'm looking for: gusty tailwinds that can last for months or even years to come, particularly when there are billions riding on the line.
Simply put, finding under priced stocks may net you a return on investment over time. But it's the catalysts that make bargain investments turn into large returns quickly rather than drag out over years.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Everyone would prefer the first stock -- which is why I preached to my subscribers the importance of identifying specific agents of change that can propel an investment rapidly upward. Or it could come from belt-tightening, if, for example, a retailer exits an unprofitable business line or a real estate investment trust sells a weak property. Whether it's a narrow protective trade tariff or green energy subsidy that impacts one niche or a broad stroke like monetary policy that paints everything, the decisions handed down in Washington always work for some stocks and against others.
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But here's the part that most investors all too often ignore when they buy undervalued stocks... Cheap stocks can sometimes drift aimlessly and stay cheap. Introducing: Catalysts Of course, I'm not searching for aggressive growth stocks in my High-Yield Investing advisory. Simply put, finding under priced stocks may net you a return on investment over time.
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It's one that applies to any stock -- growth or dividend stock -- and it helps ensure that I get high returns in a reasonable amount of time. Catalysts are key to ensuring that stocks you buy at a discount will actually lead to a fast turnaround in gains. Simply put, finding under priced stocks may net you a return on investment over time.
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When it comes to buying stocks, nearly everyone is looking for some kind of "deal." And that's what catalysts are all about. Simply put, finding under priced stocks may net you a return on investment over time.
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699178.0
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2019-10-24 00:00:00 UTC
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3 Important Charts You Need To See
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https://www.nasdaq.com/articles/3-important-charts-you-need-to-see-2019-10-24
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Last week, I wrote about the Federal Reserve and how their plans to buy bonds was a form of quantitative easing that should boost the economy. Since then, some new economic data has shown that this may be just what we need.
Retail sales slipped in the latest data release. Sales declined 0.3%, the first drop since February. CNBC reported that this is "raising fears that a slowdown in the American manufacturing sector could be starting to bleed into the consumer side of the economy."
I believe the most important part of the news was how wrong analysts were. They had been expecting an increase of 0.3%. Analysts seem to be out of sync with consumers, and that tends to happen at important turning points in the economy.
For now, this is news to watch. One bad month for retailers isn't something the Fed (or investors) should act on. But the Fed should be worried that this weakness comes at the same time as manufacturing is showing cause for concern.
Data from the manufacturing sector continued to show weakness. The Wall Street Journal noted that overall industrial production -- which includes output at factories, mines and utilities -- dropped 0.4% in September and declined 0.1% from a year earlier, the first year-over-year decrease since 2016.
Analysts had been expected a smaller decline of about 2.5%. They remain optimistic, even as the data deteriorates. The Fed, on the other hand, seems to be taking a realistic view of the data and is acting to prevent additional weakness.
Rather than just ramble on about the economy and monetary policy, I recently shared a few charts with my Income Trader readers explaining why I find this concerning.
An Economic Turning Point? Here's What The Charts Are Saying
Let's start with industrial production. At the bottom of the chart is the six-month rate of change (ROC).
In the chart, I chose to make the ROC look like a MACD indicator. Technical analysts call this style a histogram, and I like it because it shows the trend clearly.
Notice that the indicator was negative in 2015 and 2016. This wasn't a bear market, but it did coincide with a 15% decline in the S&P 500 and a 22-month period of sideways action in the stock market. This tells me that it can be useful to look at this indicator in a little more detail.
The next chart takes a longer-term view.
You can see the negative periods are relatively rare but occur at some important points in the data. Declines seem to coincide with weakness in the stock market.
Now, I'm using six months to calculate the ROC because the stock market reacts quickly to changes in the trend.
Monetary policy can take 18 months or longer to affect the economy. That's why the Fed and economists can consider year-over-year changes. Stock prices can react in minutes, and a six-month ROC can highlight trends in the stock market.
The next chart shows the S&P 500 instead of industrial production and uses red bars to highlight those times when the indicator is negative.
It's not a perfect indicator, but it is useful. And right now, it is warning us that a decline is possible.
But, even so, I'm bullish.
Why I'm Still Bullish
I'm bullish because the Fed is acting on the data instead of waiting for the downturn to be confirmed. This is unusual in Fed history. In the past few decades, the Fed has generally followed the market rather than trying to lead it. Chairman Jerome Powell seems to be taking initiatives to lead the market and, as we saw last week, the Fed drives the direction of major trends in the stock market.
The Fed is providing fuel for the bulls in the stock market, and the next chart shows the recent price is bullish.
Since June, the S&P 500 has been in a trading range. This is highlighted by the rectangle on the chart above.
There are also two trendlines that have formed. The lower one is the "line in the sand" that must hold. A break of that line will negate my current opinion of the market. The second trendline, the dashed line, shows that bulls have been buying in the past few weeks. Demand has been accelerating as each pullback ends sooner. This is bullish and shows that excitement is building.
The pattern is about 205 points from high to low. Technical analysts believe a breakout should result in a price move at least equal to the dept of the trading range. That provides a target of about 3,232, and I expect momentum to carry the index to at least 3,300 before this move ends.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CNBC reported that this is "raising fears that a slowdown in the American manufacturing sector could be starting to bleed into the consumer side of the economy." The Wall Street Journal noted that overall industrial production -- which includes output at factories, mines and utilities -- dropped 0.4% in September and declined 0.1% from a year earlier, the first year-over-year decrease since 2016. Rather than just ramble on about the economy and monetary policy, I recently shared a few charts with my Income Trader readers explaining why I find this concerning.
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Stock prices can react in minutes, and a six-month ROC can highlight trends in the stock market. The Fed is providing fuel for the bulls in the stock market, and the next chart shows the recent price is bullish. The second trendline, the dashed line, shows that bulls have been buying in the past few weeks.
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The next chart shows the S&P 500 instead of industrial production and uses red bars to highlight those times when the indicator is negative. Chairman Jerome Powell seems to be taking initiatives to lead the market and, as we saw last week, the Fed drives the direction of major trends in the stock market. The Fed is providing fuel for the bulls in the stock market, and the next chart shows the recent price is bullish.
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Analysts had been expected a smaller decline of about 2.5%. The next chart shows the S&P 500 instead of industrial production and uses red bars to highlight those times when the indicator is negative. The Fed is providing fuel for the bulls in the stock market, and the next chart shows the recent price is bullish.
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699179.0
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2019-10-23 00:00:00 UTC
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3 Dividend Stocks Paying More Than 4% That Can Help Diversify Your Portfolio
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https://www.nasdaq.com/articles/3-dividend-stocks-paying-more-than-4-that-can-help-diversify-your-portfolio-2019-10-23
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Earning dividend income is a great way to grow your portfolio in value. But diversifying where that dividend income is earned is important as well: If you only rely on dividend stocks in similar industries, you could be exposed to too much risk.
Below are three stocks that can provide you with some great yields, while adding plenty of diversification.
1. Las Vegas Sands
Las Vegas Sands (NYSE: LVS) provides a great way to benefit from the gambling industry in both the U.S. and Asian markets. Resorts like the Venetian and the Palazzo are some of the company's most prized possessions on the Las Vegas Strip, and are popular locations for many tourists. But what makes Las Vegas Sands an even stronger investment is that its growth prospects aren't limited to the U.S. market: Asia could be an even more lucrative option, and it also provides an added layer of diversification.
While there are concerns about the struggling Chinese market and what that might mean for Las Vegas Sands, over the long term, there could be a lot of growth potential in that part of the world. And with properties in Macao, a top resort destination in China, Las Vegas Sands could stand to benefit.
Trade worries about China, combined with some lackluster results in 2019, have resulted in Las Vegas Sands stock rising just 6% through the first nine months of the year. The good news is that with a dividend yielding around 5.3%, investors would have gotten a big boost from their quarterly payouts.
While there's some risk in Las Vegas Sands, over the long term the opportunities certainly look to outweigh the risks.
2. Medical Properties Trust
Medical Properties Trust (NYSE: MPW) is a much more stable option. While the growth opportunities may not be as significant in this real estate investment trust (REIT), Medical Properties has a mix of hospitals in its portfolio that make it a terrific option for diversifying. Not only does it have a variety of hospitals in many states throughout the U.S., but it also has many properties in Europe as well.
Unlike REITs that depend on retailers, Medical Properties has a much more consistent and stable collection of properties that help make its financials strong. Over the past two years, revenues have been north of $700 million, with the company being able to generate operating incomes of at least $515 million during those years as well. And with free cash flow more than doubling from $207 million in 2015 to $449 million this past year, its 5.1% dividend yield looks that much better, giving investors little reason to be concerned about its safety.
3. Dominion Energy
Dominion Energy (NYSE: D) is another dividend stock that can be a reliable long-term investment. With a lot of recurring income, there's little potential for a big drop in sales. And that has helped the company steadily grow its revenue over the years as well, with Dominion's top line of $13.4 billion last year rising more than 14% from 2015's tally of $11.7 billion. Earnings have also come in at more than $2 billion in three of the past four years.
Strong numbers like that inspire a lot of confidence, especially in the company's dividend, which is currently yielding 4.4%. What makes the stock an even better buy is that its dividend has grown significantly over the years, from $0.60 per quarter five years ago to $0.918 per quarter today. That's an increase of 53%, which equates to a compound annual growth rate of 8.9%. This growth provides plenty of incentive to hold the stock for the long term, as that dividend income is only likely to rise over time.
Key takeaways
These three stocks offer many ways for you to not only diversify but also grow your portfolio's value, through a combination of growth and dividend income. While Las Vegas Sands might be the best option for long-term growth, Dominion Energy and Medical Properties might be better suited to more risk-averse investors.
10 stocks we like better than Las Vegas Sands
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Las Vegas Sands wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
David Jagielski has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy and Las Vegas Sands. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But what makes Las Vegas Sands an even stronger investment is that its growth prospects aren't limited to the U.S. market: Asia could be an even more lucrative option, and it also provides an added layer of diversification. While there are concerns about the struggling Chinese market and what that might mean for Las Vegas Sands, over the long term, there could be a lot of growth potential in that part of the world. While the growth opportunities may not be as significant in this real estate investment trust (REIT), Medical Properties has a mix of hospitals in its portfolio that make it a terrific option for diversifying.
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Las Vegas Sands Las Vegas Sands (NYSE: LVS) provides a great way to benefit from the gambling industry in both the U.S. and Asian markets. Medical Properties Trust Medical Properties Trust (NYSE: MPW) is a much more stable option. While Las Vegas Sands might be the best option for long-term growth, Dominion Energy and Medical Properties might be better suited to more risk-averse investors.
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Las Vegas Sands Las Vegas Sands (NYSE: LVS) provides a great way to benefit from the gambling industry in both the U.S. and Asian markets. While Las Vegas Sands might be the best option for long-term growth, Dominion Energy and Medical Properties might be better suited to more risk-averse investors. 10 stocks we like better than Las Vegas Sands When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Las Vegas Sands Las Vegas Sands (NYSE: LVS) provides a great way to benefit from the gambling industry in both the U.S. and Asian markets. While the growth opportunities may not be as significant in this real estate investment trust (REIT), Medical Properties has a mix of hospitals in its portfolio that make it a terrific option for diversifying. While Las Vegas Sands might be the best option for long-term growth, Dominion Energy and Medical Properties might be better suited to more risk-averse investors.
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699180.0
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2019-10-21 00:00:00 UTC
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Dominion To Transfer 25% Non-controlling Interest In Cove Point To Brookfield
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https://www.nasdaq.com/articles/dominion-to-transfer-25-non-controlling-interest-in-cove-point-to-brookfield-2019-10-21
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(RTTNews) - Dominion Energy, Inc. (D) has agreed to transfer a 25 percent non-controlling equity interest in Cove Point to Brookfield in exchange for just over $2 billion, excluding working capital. The equity recapitalization is part of Dominion Energy's previously announced intention to establish a permanent capital structure for Cove Point. The deal represents an implied enterprise value of $8.22 billion, excluding working capital.
Dominion Energy Cove Point LNG, LP owns a LNG import, export and storage facility located on the western shore of the Chesapeake Bay in Lusby, Md. Upon transaction close, Dominion Energy will retain full operational control of the facility and its services.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy, Inc. (D) has agreed to transfer a 25 percent non-controlling equity interest in Cove Point to Brookfield in exchange for just over $2 billion, excluding working capital. The equity recapitalization is part of Dominion Energy's previously announced intention to establish a permanent capital structure for Cove Point. Upon transaction close, Dominion Energy will retain full operational control of the facility and its services.
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(RTTNews) - Dominion Energy, Inc. (D) has agreed to transfer a 25 percent non-controlling equity interest in Cove Point to Brookfield in exchange for just over $2 billion, excluding working capital. The deal represents an implied enterprise value of $8.22 billion, excluding working capital. Dominion Energy Cove Point LNG, LP owns a LNG import, export and storage facility located on the western shore of the Chesapeake Bay in Lusby, Md.
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(RTTNews) - Dominion Energy, Inc. (D) has agreed to transfer a 25 percent non-controlling equity interest in Cove Point to Brookfield in exchange for just over $2 billion, excluding working capital. The equity recapitalization is part of Dominion Energy's previously announced intention to establish a permanent capital structure for Cove Point. Dominion Energy Cove Point LNG, LP owns a LNG import, export and storage facility located on the western shore of the Chesapeake Bay in Lusby, Md.
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(RTTNews) - Dominion Energy, Inc. (D) has agreed to transfer a 25 percent non-controlling equity interest in Cove Point to Brookfield in exchange for just over $2 billion, excluding working capital. The equity recapitalization is part of Dominion Energy's previously announced intention to establish a permanent capital structure for Cove Point. The deal represents an implied enterprise value of $8.22 billion, excluding working capital.
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699181.0
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2019-10-17 00:00:00 UTC
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3 Companies Banking on U.S. Offshore Wind
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https://www.nasdaq.com/articles/3-companies-banking-on-u.s.-offshore-wind-2019-10-17
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Although offshore wind power projects have been operating in Europe since the early 1990's, the U.S. has been slow to embrace the idea of massive turbines in its oceans. The situation has changed rapidly over the past few years, however, and states like Massachusetts, Virginia, and New York have put sizable mandates in place to speed up construction of the projects.
Avangrid (NYSE: AGR), Dominion Energy (NYSE: D), and Equinor (NYSE: EQNR) are companies that have been partnering with states to build offshore wind farms and operate them for decades, potentially lining up a new revenue source. The companies will be among the first to own offshore wind farms in the US if the projects proceed as planned. The extent of the profit margin for the projects remain uncertain, however, as the all-in costs to build offshore wind projects remain higher than their land-based counterparts.
Image source: Getty Images.
Avangrid: Massachusetts' contract winner
Avangrid is an electric and gas utility and renewables developer with $32 billion in assets and operations in 24 U.S. states. The company has shown an enthusiasm for growing its renewables presence on a big scale and last year was part of the consortium known as Vineyard Wind that won a contract with the Massachusetts Department of Public Utilities.
The company is partnered with Copenhagen Infrastructure Partners to build an 800 MW offshore wind project in two 400 MW phases that will earn revenue from the state for a period of 20 years. Despite the infancy of the market, securing the contract in Massachusetts enabled the company to get a foothold in the US and potentially rack up a portfolio of contracts in future bidding. Vineyard Wind is also bidding for a second project in Massachusetts and a project in Connecticut and is pursuing projects in North Carolina, New York, and California, according to a June Offshore Wind Day presentation from Avangrid.
The timing will also make it possible for Avangid and its partner to reap the benefits of at least a portion of a prized 30% offshore wind investment tax credit (ITC) which will begin being phased out at the end of this year. Avangrid Chief Executive Officer James P. Torgerson said on the company's Q2earnings conference callhe expects the Vineyard Wind project in Massachusetts to be able to capture 24% of the ITC as it makes its US$2.8bn investment.
Dominion: Preparing for a monster Virginia project
Dominion Energy (D) is a gas, electric, and renewable energy company that has made a strong commitment to offshore wind development despite its massive portfolio of other assets, including more than 2.6 GW of clean energy in 10 states. The company operates in 18 states and serves nearly 7.5 million utility customers.
Dominion is also developing a small pilot project in Virginia that it said will inform its development of large-scale commercial wind. Dominion is looking to install a total of 2.6 GW of wind turbines in its leased area and plans to use the output to serve its own customers.
Equinor: Bringing European experience to New York
Norway's Equinor is a petroleum and wind energy company with operations in 36 countries. The company owns four offshore wind farms in the United Kingdom and Germany and built the world's first floating offshore wind farm off the coast of Scotland in 2017.
In July, Equinor won the bid to develop the Empire Wind project in offshore New York, an 816 MW wind farm. Commercial terms for Empire Wind are being discussed and Equinor expects to ultimately negotiate a long-term contract with the New York State Energy Research and Development Authority (NYSERDA).
Equinor said on its website it sees the U.S. as a "key emerging market for offshore wind, with huge potential along both the east and west coasts, from Massachusetts to California and Hawaii." However, when an analyst on the company's Q2 conference call asked what internal rate of return the company was expecting from the Empire project Chief Financial Officer Lars Bacher said it is "too early in the stage of that development to say something about the returns."
AGR data by YCharts
Watch these stocks as US offshore wind develops
Avangrid, Dominion, and Equinor are taking part in solid state-supported initiatives to build offshore wind power and they are all in a position to take care of a generous investment tax credit. But in light of the companies' significant overall asset holdings and cost issues associated with these projects it is too soon to tell if offshore wind will boost profits in a meaningful way. A longer-term investor would be wise to keep an eye on these three companies as US offshore wind projects begin operating and generating revenue over the next few years.
10 stocks we like better than Equinor ASA
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Equinor ASA wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Alison Healey has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company has shown an enthusiasm for growing its renewables presence on a big scale and last year was part of the consortium known as Vineyard Wind that won a contract with the Massachusetts Department of Public Utilities. The timing will also make it possible for Avangid and its partner to reap the benefits of at least a portion of a prized 30% offshore wind investment tax credit (ITC) which will begin being phased out at the end of this year. Avangrid Chief Executive Officer James P. Torgerson said on the company's Q2earnings conference callhe expects the Vineyard Wind project in Massachusetts to be able to capture 24% of the ITC as it makes its US$2.8bn investment.
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Avangrid (NYSE: AGR), Dominion Energy (NYSE: D), and Equinor (NYSE: EQNR) are companies that have been partnering with states to build offshore wind farms and operate them for decades, potentially lining up a new revenue source. Avangrid: Massachusetts' contract winner Avangrid is an electric and gas utility and renewables developer with $32 billion in assets and operations in 24 U.S. states. In July, Equinor won the bid to develop the Empire Wind project in offshore New York, an 816 MW wind farm.
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Vineyard Wind is also bidding for a second project in Massachusetts and a project in Connecticut and is pursuing projects in North Carolina, New York, and California, according to a June Offshore Wind Day presentation from Avangrid. Dominion: Preparing for a monster Virginia project Dominion Energy (D) is a gas, electric, and renewable energy company that has made a strong commitment to offshore wind development despite its massive portfolio of other assets, including more than 2.6 GW of clean energy in 10 states. AGR data by YCharts Watch these stocks as US offshore wind develops Avangrid, Dominion, and Equinor are taking part in solid state-supported initiatives to build offshore wind power and they are all in a position to take care of a generous investment tax credit.
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Avangrid: Massachusetts' contract winner Avangrid is an electric and gas utility and renewables developer with $32 billion in assets and operations in 24 U.S. states. Dominion: Preparing for a monster Virginia project Dominion Energy (D) is a gas, electric, and renewable energy company that has made a strong commitment to offshore wind development despite its massive portfolio of other assets, including more than 2.6 GW of clean energy in 10 states. In July, Equinor won the bid to develop the Empire Wind project in offshore New York, an 816 MW wind farm.
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699182.0
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2019-10-16 00:00:00 UTC
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VYM, DUK, CL, D: ETF Inflow Alert
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https://www.nasdaq.com/articles/vym-duk-cl-d%3A-etf-inflow-alert-2019-10-16
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard High Dividend Yield ETF (Symbol: VYM) where we have detected an approximate $569.0 million dollar inflow -- that's a 2.2% increase week over week in outstanding units (from 287,722,486 to 294,164,734). Among the largest underlying components of VYM, in trading today Duke Energy Corp (Symbol: DUK) is down about 0.3%, Colgate-Palmolive Co. (Symbol: CL) is down about 1.2%, and Dominion Energy Inc (Symbol: D) is relatively unchanged. For a complete list of holdings, visit the VYM Holdings page » The chart below shows the one year price performance of VYM, versus its 200 day moving average:
Looking at the chart above, VYM's low point in its 52 week range is $73.18 per share, with $90.11 as the 52 week high point — that compares with a last trade of $88.47. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the VYM Holdings page » The chart below shows the one year price performance of VYM, versus its 200 day moving average: Looking at the chart above, VYM's low point in its 52 week range is $73.18 per share, with $90.11 as the 52 week high point — that compares with a last trade of $88.47. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of VYM, in trading today Duke Energy Corp (Symbol: DUK) is down about 0.3%, Colgate-Palmolive Co. (Symbol: CL) is down about 1.2%, and Dominion Energy Inc (Symbol: D) is relatively unchanged. For a complete list of holdings, visit the VYM Holdings page » The chart below shows the one year price performance of VYM, versus its 200 day moving average: Looking at the chart above, VYM's low point in its 52 week range is $73.18 per share, with $90.11 as the 52 week high point — that compares with a last trade of $88.47. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard High Dividend Yield ETF (Symbol: VYM) where we have detected an approximate $569.0 million dollar inflow -- that's a 2.2% increase week over week in outstanding units (from 287,722,486 to 294,164,734). For a complete list of holdings, visit the VYM Holdings page » The chart below shows the one year price performance of VYM, versus its 200 day moving average: Looking at the chart above, VYM's low point in its 52 week range is $73.18 per share, with $90.11 as the 52 week high point — that compares with a last trade of $88.47. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard High Dividend Yield ETF (Symbol: VYM) where we have detected an approximate $569.0 million dollar inflow -- that's a 2.2% increase week over week in outstanding units (from 287,722,486 to 294,164,734). For a complete list of holdings, visit the VYM Holdings page » The chart below shows the one year price performance of VYM, versus its 200 day moving average: Looking at the chart above, VYM's low point in its 52 week range is $73.18 per share, with $90.11 as the 52 week high point — that compares with a last trade of $88.47. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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699183.0
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2019-10-16 00:00:00 UTC
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3 Stocks With at Least a Decade of Dividend Growth Under Their Belts
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https://www.nasdaq.com/articles/3-stocks-with-at-least-a-decade-of-dividend-growth-under-their-belts-2019-10-16
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nan
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nan
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The first thing most dividend investors look at in an income stock is its yield. While the payout matters, an even more important factor is dividend growth.
The data bears this out. Since 1972, companies that have grown their dividends have produced an average annual total return of 9.6%, according to a study by Ned Davis Research. That's better than the S&P 500's 7.3% average annual total return. Companies that maintained their dividends, meanwhile, underperformed both groups at an average annual total return of 6.9%. Because of that, dividend investors need to put a priority on finding companies that can consistently increase their payouts.
Three that stand out are infrastructure operator Brookfield Infrastructure Partners (NYSE: BIP), MLP Magellan Midstream Partners (NYSE: MMP), and utility Dominion Energy (NYSE: D). Each company has increased its dividend for at least the last decade. Meanwhile, all three have plenty of fuel to continue growing their high-yielding payouts in the coming years.
Image source: Getty Images.
Double-digit growth for a decade
Brookfield Infrastructure Partners has increased its investor payout every year since it became a publicly traded company in 2008. Overall, the global infrastructure operator has grown its dividend at an 11% compound annual rate. Because of its consistent high-rate growth, the company has generated an impressive total return of 565% over the last decade. That has crushed the S&P 500's 283% total return during that timeframe.
Brookfield Infrastructure shouldn't have any problem continuing to increase its payout in the coming years. It currently estimates that its organic growth drivers alone should expand its cash flow per share by a 6% to 9% annual rate. Meanwhile, the company has plenty of additional upside as it makes more acquisitions, which could enable it to grow cash flow faster. Because of that, Brookfield should be able to deliver on its plan to increase its 4.2%-yielding payout by 5% to 9% per year for the foreseeable future.
69 and counting
Magellan Midstream Partners has increased its distribution to investors 69 times since its IPO in 2001. While the midstream company did pause growth for five quarters during the depths of the financial crisis, it has increased it every year in the decade since that market meltdown. Overall, the company's distribution has grown at a 12% compound annual rate since 2001. That high-octane growth has enabled Magellan Midstream to produce a 440% total return in the last decade, easily beating the S&P 500.
The MLP expects to have plenty of fuel to keep increasing its payout in the coming years. It currently has $1.25 billion of expansion projects under construction and more than $500 million of additional ones in development. As those projects come online, they should provide Magellan with the fuel to increase its 6.2%-yielding payout by around a 5% annual rate in the coming years.
Sweet 16
Dominion Energy has been an exceptional dividend stock over the years. The utility recently paid its 366th consecutive dividend and has increased its payout in each of the last 16 years. That consistent dividend growth has given Dominion the power to generate a 252% total return over the past decade, which has beaten the S&P 500.
The utility expects to continue increasing its dividend in the coming years. However, it does anticipate slowing its growth rate down in 2020 and beyond. After boosting its payout 8% in 2017 and 10% in both 2018 and 2019, Dominion plans on increasing its dividend by about 2.5% per year starting in 2020, even though its earnings should expand by more than 5% annually through at least 2023. That's because it wants to reduce its payout ratio from its current level of 87% of its earnings down closer to its peer group average of less than 70%. That more conservative strategy, however, will enhance the long-term sustainability of Dominion's payout, increasing its ability to grow its 4.5%-yielding dividend in the future.
Ideal income options for the long haul
This trio of dividend-paying stocks have raised their payouts every year for the last decade. That's given them plenty of power to outperform the S&P 500. While that past success is no guarantee of future performance, all three believe they can continue increasing their dividends in the coming years, albeit at a slower pace. Still, that steady dividend growth, when combined with their above-average yields, should enable all three companies to generate attractive total returns over the next decade.
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Matthew DiLallo owns shares of Brookfield Infrastructure Partners. The Motley Fool recommends Brookfield Infrastructure Partners, Dominion Energy, Inc, and Magellan Midstream Partners. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Double-digit growth for a decade Brookfield Infrastructure Partners has increased its investor payout every year since it became a publicly traded company in 2008. While the midstream company did pause growth for five quarters during the depths of the financial crisis, it has increased it every year in the decade since that market meltdown. Still, that steady dividend growth, when combined with their above-average yields, should enable all three companies to generate attractive total returns over the next decade.
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Three that stand out are infrastructure operator Brookfield Infrastructure Partners (NYSE: BIP), MLP Magellan Midstream Partners (NYSE: MMP), and utility Dominion Energy (NYSE: D). That consistent dividend growth has given Dominion the power to generate a 252% total return over the past decade, which has beaten the S&P 500. The Motley Fool recommends Brookfield Infrastructure Partners, Dominion Energy, Inc, and Magellan Midstream Partners.
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Double-digit growth for a decade Brookfield Infrastructure Partners has increased its investor payout every year since it became a publicly traded company in 2008. As those projects come online, they should provide Magellan with the fuel to increase its 6.2%-yielding payout by around a 5% annual rate in the coming years. After boosting its payout 8% in 2017 and 10% in both 2018 and 2019, Dominion plans on increasing its dividend by about 2.5% per year starting in 2020, even though its earnings should expand by more than 5% annually through at least 2023.
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Each company has increased its dividend for at least the last decade. As those projects come online, they should provide Magellan with the fuel to increase its 6.2%-yielding payout by around a 5% annual rate in the coming years. The Motley Fool recommends Brookfield Infrastructure Partners, Dominion Energy, Inc, and Magellan Midstream Partners.
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699184.0
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2019-10-08 00:00:00 UTC
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Notable ETF Inflow Detected - XLU, NEE, DUK, D
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D
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https://www.nasdaq.com/articles/notable-etf-inflow-detected-xlu-nee-duk-d-2019-10-08
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $277.4 million dollar inflow -- that's a 2.4% increase week over week in outstanding units (from 176,420,000 to 180,720,000). Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is off about 0.8%, Duke Energy Corp (Symbol: DUK) is off about 0.7%, and Dominion Energy Inc (Symbol: D) is lower by about 0.6%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.03. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $277.4 million dollar inflow -- that's a 2.4% increase week over week in outstanding units (from 176,420,000 to 180,720,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is off about 0.8%, Duke Energy Corp (Symbol: DUK) is off about 0.7%, and Dominion Energy Inc (Symbol: D) is lower by about 0.6%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.03. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $277.4 million dollar inflow -- that's a 2.4% increase week over week in outstanding units (from 176,420,000 to 180,720,000). 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 $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.03. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $277.4 million dollar inflow -- that's a 2.4% increase week over week in outstanding units (from 176,420,000 to 180,720,000). 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 $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.03. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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699185.0
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2019-10-07 00:00:00 UTC
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Dominion Energy Reaches Analyst Target Price
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D
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https://www.nasdaq.com/articles/dominion-energy-reaches-analyst-target-price-2019-10-07
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nan
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nan
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In recent trading, shares of Dominion Energy Inc (Symbol: D) have crossed above the average analyst 12-month target price of $81.40, changing hands for $81.70/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 5 different analyst targets contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $78.00. And then on the other side of the spectrum one analyst has a target as high as $86.00. The standard deviation is $3.13.
But the whole reason to look at the average D price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with D crossing above that average target price of $81.40/share, investors in D have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $81.40 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dominion Energy Inc :
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on D — FREE.
The Top 25 Broker Analyst Picks 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.
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In recent trading, shares of Dominion Energy Inc (Symbol: D) have crossed above the average analyst 12-month target price of $81.40, changing hands for $81.70/share. But the whole reason to look at the average D price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with D crossing above that average target price of $81.40/share, investors in D have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $81.40 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of Dominion Energy Inc (Symbol: D) have crossed above the average analyst 12-month target price of $81.40, changing hands for $81.70/share. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 5 different analyst targets contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average.
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When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. There are 5 different analyst targets contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. And so with D crossing above that average target price of $81.40/share, investors in D have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $81.40 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 5 different analyst targets contributing to that average for Dominion Energy Inc , but the average is just that — a mathematical average. And then on the other side of the spectrum one analyst has a target as high as $86.00.
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699186.0
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2019-10-04 00:00:00 UTC
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Friday Sector Leaders: Utilities, Healthcare
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D
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https://www.nasdaq.com/articles/friday-sector-leaders%3A-utilities-healthcare-2019-10-04
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nan
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nan
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In afternoon trading on Friday, Utilities stocks are the best performing sector, higher by 1.0%. Within the sector, Dominion Energy Inc (Symbol: D) and Xcel Energy Inc (Symbol: XEL) are two large stocks leading the way, showing a gain of 2.0% and 1.7%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.1% on the day, and up 24.71% year-to-date. Dominion Energy Inc , meanwhile, is up 17.51% year-to-date, and Xcel Energy Inc is up 33.47% year-to-date. Combined, D and XEL make up approximately 11.5% of the underlying holdings of XLU.
The next best performing sector is the Healthcare sector, up 0.9%. Among large Healthcare stocks, Nektar Therapeutics (Symbol: NKTR) and Edwards Lifesciences Corp (Symbol: EW) are the most notable, showing a gain of 3.4% and 2.8%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 1.2% in midday trading, and up 5.11% on a year-to-date basis. Nektar Therapeutics, meanwhile, is down 42.76% year-to-date, and Edwards Lifesciences Corp is up 49.62% year-to-date. Combined, NKTR and EW make up approximately 1.5% 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 Friday. As you can see, eight sectors are up on the day, while one sector is down.
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In afternoon trading on Friday, Utilities stocks are the best performing sector, higher by 1.0%. Combined, NKTR and EW make up approximately 1.5% 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 Friday.
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Within the sector, Dominion Energy Inc (Symbol: D) and Xcel Energy Inc (Symbol: XEL) are two large stocks leading the way, showing a gain of 2.0% and 1.7%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.1% on the day, and up 24.71% year-to-date. Among large Healthcare stocks, Nektar Therapeutics (Symbol: NKTR) and Edwards Lifesciences Corp (Symbol: EW) are the most notable, showing a gain of 3.4% and 2.8%, respectively.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.1% on the day, and up 24.71% year-to-date. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 1.2% in midday trading, and up 5.11% 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 Friday.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.1% on the day, and up 24.71% year-to-date. Among large Healthcare stocks, Nektar Therapeutics (Symbol: NKTR) and Edwards Lifesciences Corp (Symbol: EW) are the most notable, showing a gain of 3.4% and 2.8%, respectively. In afternoon trading on Friday, Utilities stocks are the best performing sector, higher by 1.0%.
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699187.0
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2019-09-30 00:00:00 UTC
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Notable ETF Inflow Detected - XLU, DUK, D, SO
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D
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https://www.nasdaq.com/articles/notable-etf-inflow-detected-xlu-duk-d-so-2019-09-30
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $372.0 million dollar inflow -- that's a 3.4% increase week over week in outstanding units (from 170,670,000 to 176,420,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is off about 0.4%, Dominion Energy Inc (Symbol: D) is trading flat, and Southern Company (Symbol: SO) is higher by about 0.1%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.72. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $372.0 million dollar inflow -- that's a 3.4% increase week over week in outstanding units (from 170,670,000 to 176,420,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is off about 0.4%, Dominion Energy Inc (Symbol: D) is trading flat, and Southern Company (Symbol: SO) is higher by about 0.1%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.72. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $372.0 million dollar inflow -- that's a 3.4% increase week over week in outstanding units (from 170,670,000 to 176,420,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.72. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $372.0 million dollar inflow -- that's a 3.4% increase week over week in outstanding units (from 170,670,000 to 176,420,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $65.11 as the 52 week high point — that compares with a last trade of $64.72. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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699188.0
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2019-09-28 00:00:00 UTC
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GE Is Betting on the Biggest Offshore Wind Turbine Ever
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D
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https://www.nasdaq.com/articles/ge-is-betting-on-the-biggest-offshore-wind-turbine-ever-2019-09-28
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nan
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nan
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Drive around middle America and you'll see wind farms of various sizes scattered across the country. One of the most common wind turbines you'll see is a model from General Electric (NYSE: GE) that's 1.5 megawatts (MW) with a 212-foot tower and 116-foot blades. In total, the wind turbine stands 328 feet, or nearly the length of a football field. But that's now being dwarfed by what GE is installing offshore.
Now, GE is testing a 12 MW wind turbine that dwarfs the most common turbines we see today. And if it works as planned, the Haliade-X 12 MW will power millions of homes from miles off the coast of populated areas.
Image source: GE.
Haliade-X's great hope
Standing 853 feet tall, with blades that each extend 351 feet, the Haliade-X 12 MW promises to be not only the biggest but also one of the most efficient wind turbines in the world. GE says a single turbine can power 16,000 homes and can operate at a 63% capacity factor, or produce its rated output 63% of the time. That would make it one of the most efficient wind turbines in the world -- well above the approximately 50% capacity factor for most wind turbines and around 20% for solar farms.
One of the advantages the turbine has is that it's designed for offshore markets, where the wind blows more consistently. That allows for higher energy production and lowers the effective cost of electricity from each wind turbine.
The exact cost of turbines isn't being released, but GE says it can generate electricity that's competitive with other power generation sources. And given the traction the product has with developers, they expect it to be cost effective.
Wind is big business
The wind power business has been up and down globally depending on subsidies and the will of governments looking to expand energy projection. But wind energy has now reached a tipping point where it's less expensive than fossil fuels and should see consistent demand, especially if wind farms can be located near load centers like coastal cities.
Dominion Energy (NYSE: D), for example, recently announced a plan for 2,600 MW of wind farms off the coast of Virginia by 2026. The company expects 220 wind turbines to be installed, so a 12 MW model is likely what they're expecting to use.
Orsted's 120 MW Skipjack and 1,100 MW Ocean Wind projects off the coast of Maryland and New Jersey will use the Haliade-X. That's a big win in a market niche that GE has only dabbled in up to now.
GE's step into uncharted waters
To date, Siemens Gamesa and MHI Vestas have dominated the offshore wind market, with GE relegated primarily to onshore status. The Haliade-X may change that and give the company a puncher's chance of gaining significant share in offshore wind, where there's still a lot of market potential.
Most of the easy onshore locations near load centers have been developed, so wind's next step is going offshore. The opportunity will be worth tens of billions to the winners, and GE is finally in the game.
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Travis Hoium owns shares of General Electric. The Motley Fool recommends Dominion Energy, Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One of the most common wind turbines you'll see is a model from General Electric (NYSE: GE) that's 1.5 megawatts (MW) with a 212-foot tower and 116-foot blades. GE says a single turbine can power 16,000 homes and can operate at a 63% capacity factor, or produce its rated output 63% of the time. The Haliade-X may change that and give the company a puncher's chance of gaining significant share in offshore wind, where there's still a lot of market potential.
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Wind is big business The wind power business has been up and down globally depending on subsidies and the will of governments looking to expand energy projection. The company expects 220 wind turbines to be installed, so a 12 MW model is likely what they're expecting to use. Most of the easy onshore locations near load centers have been developed, so wind's next step is going offshore.
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One of the most common wind turbines you'll see is a model from General Electric (NYSE: GE) that's 1.5 megawatts (MW) with a 212-foot tower and 116-foot blades. Now, GE is testing a 12 MW wind turbine that dwarfs the most common turbines we see today. That would make it one of the most efficient wind turbines in the world -- well above the approximately 50% capacity factor for most wind turbines and around 20% for solar farms.
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But that's now being dwarfed by what GE is installing offshore. Haliade-X's great hope Standing 853 feet tall, with blades that each extend 351 feet, the Haliade-X 12 MW promises to be not only the biggest but also one of the most efficient wind turbines in the world. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and General Electric wasn't one of them!
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699189.0
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2019-09-20 00:00:00 UTC
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Noteworthy ETF Outflows: XLU, DUK, D, SO
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D
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xlu-duk-d-so-2019-09-20
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $269.3 million dollar outflow -- that's a 2.4% decrease week over week (from 175,370,000 to 171,170,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is up about 0.1%, Dominion Energy Inc (Symbol: D) is down about 0.5%, and Southern Company (Symbol: SO) is lower by about 0.5%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $64.17 as the 52 week high point — that compares with a last trade of $63.52. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $269.3 million dollar outflow -- that's a 2.4% decrease week over week (from 175,370,000 to 171,170,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $64.17 as the 52 week high point — that compares with a last trade of $63.52. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $269.3 million dollar outflow -- that's a 2.4% decrease week over week (from 175,370,000 to 171,170,000). 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 $50.81 per share, with $64.17 as the 52 week high point — that compares with a last trade of $63.52. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $269.3 million dollar outflow -- that's a 2.4% decrease week over week (from 175,370,000 to 171,170,000). 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 $50.81 per share, with $64.17 as the 52 week high point — that compares with a last trade of $63.52. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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699190.0
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2019-09-18 00:00:00 UTC
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Wednesday's ETF Movers: XLU, OIH
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D
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https://www.nasdaq.com/articles/wednesdays-etf-movers%3A-xlu-oih-2019-09-18
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nan
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nan
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In trading on Wednesday, the The Utilities Select Sector SPDR Fund ETF is outperforming other ETFs, up about 0.5% on the day. Components of that ETF showing particular strength include shares of Dominion Energy, up about 1.7% and shares of Exelon, up about 1.1% on the day.
And underperforming other ETFs today is the Oil Services ETF, off about 2.6% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Mcdermott International, lower by about 49%, and shares of RPC, lower by about 7% on the day.
VIDEO: Wednesday's ETF Movers: XLU, OIH
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, the The Utilities Select Sector SPDR Fund ETF is outperforming other ETFs, up about 0.5% on the day. Among components of that ETF with the weakest showing on Wednesday were shares of Mcdermott International, lower by about 49%, and shares of RPC, lower by about 7% on the day. VIDEO: Wednesday's ETF Movers: XLU, OIH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Dominion Energy, up about 1.7% and shares of Exelon, up about 1.1% on the day. Among components of that ETF with the weakest showing on Wednesday were shares of Mcdermott International, lower by about 49%, and shares of RPC, lower by about 7% on the day. VIDEO: Wednesday's ETF Movers: XLU, OIH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, the The Utilities Select Sector SPDR Fund ETF is outperforming other ETFs, up about 0.5% on the day. Components of that ETF showing particular strength include shares of Dominion Energy, up about 1.7% and shares of Exelon, up about 1.1% on the day. Among components of that ETF with the weakest showing on Wednesday were shares of Mcdermott International, lower by about 49%, and shares of RPC, lower by about 7% on the day.
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In trading on Wednesday, the The Utilities Select Sector SPDR Fund ETF is outperforming other ETFs, up about 0.5% on the day. Components of that ETF showing particular strength include shares of Dominion Energy, up about 1.7% and shares of Exelon, up about 1.1% on the day. And underperforming other ETFs today is the Oil Services ETF, off about 2.6% in Wednesday afternoon trading.
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699191.0
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2019-09-18 00:00:00 UTC
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Wednesday Sector Leaders: Utilities, Financial
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D
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https://www.nasdaq.com/articles/wednesday-sector-leaders%3A-utilities-financial-2019-09-18
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nan
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nan
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In afternoon trading on Wednesday, Utilities stocks are the best performing sector, higher by 0.4%. Within the sector, Dominion Energy Inc (Symbol: D) and Exelon Corp (Symbol: EXC) are two large stocks leading the way, showing a gain of 1.4% and 1.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.5% on the day, and up 22.35% year-to-date. Dominion Energy Inc , meanwhile, is up 16.03% year-to-date, and Exelon Corp is up 8.51% year-to-date. Combined, D and EXC make up approximately 12.8% of the underlying holdings of XLU.
The next best performing sector is the Financial sector, losing just 0.1%. Among large Financial stocks, Blackrock Inc (Symbol: BLK) and Cboe Global Markets Inc (Symbol: CBOE) are the most notable, showing a gain of 1.1% and 1.1%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.1% in midday trading, and up 20.61% on a year-to-date basis. Blackrock Inc, meanwhile, is up 15.53% year-to-date, and Cboe Global Markets Inc is up 17.33% year-to-date. Combined, BLK and CBOE make up approximately 2.0% of the underlying holdings of XLF.
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 Wednesday. As you can see, one sector is up on the day, while eight sectors are down.
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In afternoon trading on Wednesday, Utilities stocks are the best performing sector, higher by 0.4%. Combined, BLK and CBOE make up approximately 2.0% of the underlying holdings of XLF. 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 Wednesday.
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Within the sector, Dominion Energy Inc (Symbol: D) and Exelon Corp (Symbol: EXC) are two large stocks leading the way, showing a gain of 1.4% and 1.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.5% on the day, and up 22.35% year-to-date. Among large Financial stocks, Blackrock Inc (Symbol: BLK) and Cboe Global Markets Inc (Symbol: CBOE) are the most notable, showing a gain of 1.1% and 1.1%, respectively.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.5% on the day, and up 22.35% year-to-date. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.1% in midday trading, and up 20.61% 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 Wednesday.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.5% on the day, and up 22.35% year-to-date. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.1% in midday trading, and up 20.61% on a year-to-date basis. Blackrock Inc, meanwhile, is up 15.53% year-to-date, and Cboe Global Markets Inc is up 17.33% year-to-date.
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699192.0
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2019-09-18 00:00:00 UTC
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Wednesday 9/18 Insider Buying Report: STSA, D
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D
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https://www.nasdaq.com/articles/wednesday-9-18-insider-buying-report%3A-stsa-d-2019-09-18
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nan
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nan
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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let's look at two noteworthy recent insider buys.
On Tuesday, Satsuma Pharmaceuticals' Director, Ken Takanashi, made a $3.5M buy of STSA, purchasing 233,333 shares at a cost of $15.00 a piece. Takanashi was up about 12.0% on the purchase at the high point of today's trading session, with STSA trading as high as $16.80 in trading on Wednesday. Satsuma Pharmaceuticals is trading off about 0.7% on the day Wednesday. This purchase marks the first one filed by Takanashi in the past year.
And on Friday, Director Michael E. Szymanczyk bought $1.69M worth of Dominion Energy, buying 21,400 shares at a cost of $78.85 each. Dominion Energy is trading up about 1.4% on the day Wednesday. So far Szymanczyk is in the green, up about 1.7% on their buy based on today's trading high of $80.17.
VIDEO: Wednesday 9/18 Insider Buying Report: STSA, D
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Tuesday, Satsuma Pharmaceuticals' Director, Ken Takanashi, made a $3.5M buy of STSA, purchasing 233,333 shares at a cost of $15.00 a piece. And on Friday, Director Michael E. Szymanczyk bought $1.69M worth of Dominion Energy, buying 21,400 shares at a cost of $78.85 each. So far Szymanczyk is in the green, up about 1.7% on their buy based on today's trading high of $80.17.
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On Tuesday, Satsuma Pharmaceuticals' Director, Ken Takanashi, made a $3.5M buy of STSA, purchasing 233,333 shares at a cost of $15.00 a piece. Takanashi was up about 12.0% on the purchase at the high point of today's trading session, with STSA trading as high as $16.80 in trading on Wednesday. And on Friday, Director Michael E. Szymanczyk bought $1.69M worth of Dominion Energy, buying 21,400 shares at a cost of $78.85 each.
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On Tuesday, Satsuma Pharmaceuticals' Director, Ken Takanashi, made a $3.5M buy of STSA, purchasing 233,333 shares at a cost of $15.00 a piece. Takanashi was up about 12.0% on the purchase at the high point of today's trading session, with STSA trading as high as $16.80 in trading on Wednesday. VIDEO: Wednesday 9/18 Insider Buying Report: STSA, D The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Tuesday, Satsuma Pharmaceuticals' Director, Ken Takanashi, made a $3.5M buy of STSA, purchasing 233,333 shares at a cost of $15.00 a piece. Takanashi was up about 12.0% on the purchase at the high point of today's trading session, with STSA trading as high as $16.80 in trading on Wednesday. And on Friday, Director Michael E. Szymanczyk bought $1.69M worth of Dominion Energy, buying 21,400 shares at a cost of $78.85 each.
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699193.0
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2019-09-18 00:00:00 UTC
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Top Buys by Directors: Szymanczyk's $1.7M Bet on D
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D
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https://www.nasdaq.com/articles/top-buys-by-directors%3A-szymanczyks-%241.7m-bet-on-d-2019-09-18
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nan
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nan
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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock 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 company directors over the trailing six month period, one of which was a total of $1.7M by Michael E. Szymanczyk, Director at Dominion Energy Inc (Symbol: D).
Szymanczyk's average cost works out to $78.85/share. Shares of Dominion Energy Inc were changing hands at $80.18 at last check, trading up about 1.5% on Wednesday. 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 $67.41 per share, with $80.32 as the 52 week high point — that compares with a last trade of $80.18.
The current annualized dividend paid by Dominion Energy Inc is $3.67/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/05/2019. Below is a long-term dividend history chart for D, which can be of good help in judging whether the most recent dividend with approx. 4.6% annualized yield is likely to continue.
Click here to find out which other top insider buys by company directors you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock 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. Shares of Dominion Energy Inc were changing hands at $80.18 at last check, trading up about 1.5% on Wednesday. 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 $67.41 per share, with $80.32 as the 52 week high point — that compares with a last trade of $80.18.
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So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $1.7M by Michael E. Szymanczyk, Director at Dominion Energy Inc (Symbol: D). The current annualized dividend paid by Dominion Energy Inc is $3.67/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/05/2019. Click here to find out which other top insider buys by company directors you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $1.7M by Michael E. Szymanczyk, Director at Dominion Energy Inc (Symbol: D). 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 $67.41 per share, with $80.32 as the 52 week high point — that compares with a last trade of $80.18. The current annualized dividend paid by Dominion Energy Inc is $3.67/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/05/2019.
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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. The current annualized dividend paid by Dominion Energy Inc is $3.67/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/05/2019. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock 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.
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699194.0
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2019-09-11 00:00:00 UTC
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Notable ETF Outflow Detected - IWB, D, CL, SO
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D
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-iwb-d-cl-so-2019-09-11
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $115.7 million dollar outflow -- that's a 0.6% decrease week over week (from 125,650,000 to 124,950,000). Among the largest underlying components of IWB, in trading today Dominion Energy Inc (Symbol: D) is up about 0.7%, Colgate-Palmolive Co. (Symbol: CL) is up about 0.4%, and Southern Company (Symbol: SO) is relatively unchanged. For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average:
Looking at the chart above, IWB's low point in its 52 week range is $129.68 per share, with $168.10 as the 52 week high point — that compares with a last trade of $165.78. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $129.68 per share, with $168.10 as the 52 week high point — that compares with a last trade of $165.78. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $129.68 per share, with $168.10 as the 52 week high point — that compares with a last trade of $165.78. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $115.7 million dollar outflow -- that's a 0.6% decrease week over week (from 125,650,000 to 124,950,000). For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $129.68 per share, with $168.10 as the 52 week high point — that compares with a last trade of $165.78. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average: Looking at the chart above, IWB's low point in its 52 week range is $129.68 per share, with $168.10 as the 52 week high point — that compares with a last trade of $165.78. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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699195.0
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2019-09-05 00:00:00 UTC
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Dominion Energy a Top 25 Dividend Giant With $7.95B Held By ETFs
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D
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https://www.nasdaq.com/articles/dominion-energy-a-top-25-dividend-giant-with-%247.95b-held-by-etfs-2019-09-05
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nan
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nan
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $7.95B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.64% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points.
The annualized dividend paid by Dominion Energy Inc is $3.67/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/05/2019. Below is a long-term dividend history chart for D, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $7.95B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.64% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. Below is a long-term dividend history chart for D, which the report stressed as being of key importance.
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $7.95B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.64% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. 25 Dividend Giants Widely Held By ETFs » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $7.95B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.64% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. The annualized dividend paid by Dominion Energy Inc is $3.67/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/05/2019.
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Dominion Energy Inc (Symbol: D) has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $7.95B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.64% yield, according to the most recent Dividend Channel ''DividendRank'' report. The report noted a strong quarterly dividend history at Dominion Energy Inc , and favorable long-term multi-year growth rates in key fundamental data points. The annualized dividend paid by Dominion Energy Inc is $3.67/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/05/2019.
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699196.0
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2019-09-03 00:00:00 UTC
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Ex-Dividend Reminder: Home Depot, Avangrid and Dominion Energy
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D
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-home-depot-avangrid-and-dominion-energy-2019-09-03
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 9/4/19, Home Depot Inc (Symbol: HD), Avangrid Inc (Symbol: AGR), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. Home Depot Inc will pay its quarterly dividend of $1.36 on 9/19/19, Avangrid Inc will pay its quarterly dividend of $0.44 on 10/1/19, and Dominion Energy Inc will pay its quarterly dividend of $0.9175 on 9/20/19. As a percentage of HD's recent stock price of $227.91, this dividend works out to approximately 0.60%, so look for shares of Home Depot Inc to trade 0.60% lower — all else being equal — when HD shares open for trading on 9/4/19. Similarly, investors should look for AGR to open 0.87% lower in price and for D to open 1.18% lower, all else being equal.
Below are dividend history charts for HD, AGR, and D, showing historical dividends prior to the most recent ones declared.
Home Depot Inc (Symbol: HD):
Avangrid Inc (Symbol: AGR):
Dominion Energy Inc (Symbol: D):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.39% for Home Depot Inc, 3.48% for Avangrid Inc, and 4.73% for Dominion Energy Inc .
In Tuesday trading, Home Depot Inc shares are currently up about 0.3%, Avangrid Inc shares are up about 0.8%, and Dominion Energy Inc shares are off about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of HD's recent stock price of $227.91, this dividend works out to approximately 0.60%, so look for shares of Home Depot Inc to trade 0.60% lower — all else being equal — when HD shares open for trading on 9/4/19. 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 2.39% for Home Depot Inc, 3.48% for Avangrid Inc, and 4.73% for Dominion Energy Inc .
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Looking at the universe of stocks we cover at Dividend Channel, on 9/4/19, Home Depot Inc (Symbol: HD), Avangrid Inc (Symbol: AGR), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. Home Depot Inc will pay its quarterly dividend of $1.36 on 9/19/19, Avangrid Inc will pay its quarterly dividend of $0.44 on 10/1/19, and Dominion Energy Inc will pay its quarterly dividend of $0.9175 on 9/20/19. Home Depot Inc (Symbol: HD): Avangrid Inc (Symbol: AGR): Dominion Energy Inc (Symbol: D): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 9/4/19, Home Depot Inc (Symbol: HD), Avangrid Inc (Symbol: AGR), and Dominion Energy Inc (Symbol: D) will all trade ex-dividend for their respective upcoming dividends. Home Depot Inc will pay its quarterly dividend of $1.36 on 9/19/19, Avangrid Inc will pay its quarterly dividend of $0.44 on 10/1/19, and Dominion Energy Inc will pay its quarterly dividend of $0.9175 on 9/20/19. Home Depot Inc (Symbol: HD): Avangrid Inc (Symbol: AGR): Dominion Energy Inc (Symbol: D): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of HD's recent stock price of $227.91, this dividend works out to approximately 0.60%, so look for shares of Home Depot Inc to trade 0.60% lower — all else being equal — when HD shares open for trading on 9/4/19. 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 2.39% for Home Depot Inc, 3.48% for Avangrid Inc, and 4.73% for Dominion Energy Inc .
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699197.0
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2019-08-27 00:00:00 UTC
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Dominion Energy Announces Retirement Of Paul Koonce - Quick Facts
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D
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https://www.nasdaq.com/articles/dominion-energy-announces-retirement-of-paul-koonce-quick-facts-2019-08-27
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nan
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nan
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(RTTNews) - Dominion Energy (D) said Paul Koonce, EVP and president and chief executive officer-Power Generation Group, will retire on Feb. 1, 2020. Koonce will step down as head of the generation operating segment on Dec. 1, 2019 to become executive vice president and strategic advisor.
Koonce joined Dominion Energy in 1999. He has led three of the company's current operating segments.
Thomas Farrell, II, CEO, said: "We have turned to Paul for trusted leadership in a variety of areas since he joined the company two decades ago. Although he had always skillfully navigated the natural gas world, particularly in his stint at Consolidated Natural Gas and in his time leading our gas businesses, Paul has been equally adept on the electric side."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Dominion Energy (D) said Paul Koonce, EVP and president and chief executive officer-Power Generation Group, will retire on Feb. 1, 2020. Koonce will step down as head of the generation operating segment on Dec. 1, 2019 to become executive vice president and strategic advisor. Thomas Farrell, II, CEO, said: "We have turned to Paul for trusted leadership in a variety of areas since he joined the company two decades ago.
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(RTTNews) - Dominion Energy (D) said Paul Koonce, EVP and president and chief executive officer-Power Generation Group, will retire on Feb. 1, 2020. Koonce will step down as head of the generation operating segment on Dec. 1, 2019 to become executive vice president and strategic advisor. Koonce joined Dominion Energy in 1999.
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(RTTNews) - Dominion Energy (D) said Paul Koonce, EVP and president and chief executive officer-Power Generation Group, will retire on Feb. 1, 2020. Koonce will step down as head of the generation operating segment on Dec. 1, 2019 to become executive vice president and strategic advisor. Although he had always skillfully navigated the natural gas world, particularly in his stint at Consolidated Natural Gas and in his time leading our gas businesses, Paul has been equally adept on the electric side."
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(RTTNews) - Dominion Energy (D) said Paul Koonce, EVP and president and chief executive officer-Power Generation Group, will retire on Feb. 1, 2020. Koonce will step down as head of the generation operating segment on Dec. 1, 2019 to become executive vice president and strategic advisor. Koonce joined Dominion Energy in 1999.
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699198.0
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2019-08-16 00:00:00 UTC
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XLU, DUK, D, SO: Large Inflows Detected at ETF
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D
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https://www.nasdaq.com/articles/xlu-duk-d-so%3A-large-inflows-detected-at-etf-2019-08-16
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $864.1 million dollar inflow -- that's a 8.4% increase week over week in outstanding units (from 168,020,000 to 182,170,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is up about 0.5%, Dominion Energy Inc (Symbol: D) is up about 0.1%, and Southern Company (Symbol: SO) is higher by about 0.7%. 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 $50.81 per share, with $61.475 as the 52 week high point — that compares with a last trade of $61.29. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $864.1 million dollar inflow -- that's a 8.4% increase week over week in outstanding units (from 168,020,000 to 182,170,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is up about 0.5%, Dominion Energy Inc (Symbol: D) is up about 0.1%, and Southern Company (Symbol: SO) is higher by about 0.7%. 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 $50.81 per share, with $61.475 as the 52 week high point — that compares with a last trade of $61.29. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $864.1 million dollar inflow -- that's a 8.4% increase week over week in outstanding units (from 168,020,000 to 182,170,000). 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 $50.81 per share, with $61.475 as the 52 week high point — that compares with a last trade of $61.29. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $864.1 million dollar inflow -- that's a 8.4% increase week over week in outstanding units (from 168,020,000 to 182,170,000). 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 $50.81 per share, with $61.475 as the 52 week high point — that compares with a last trade of $61.29. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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699199.0
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2019-08-16 00:00:00 UTC
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Insiders Bullish on Certain Holdings of MOAT
|
D
|
https://www.nasdaq.com/articles/insiders-bullish-on-certain-holdings-of-moat-2019-08-16
|
nan
|
nan
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A look at the weighted underlying holdings of the Morningstar Wide Moat ETF (MOAT) shows an impressive 17.6% of holdings on a weighted basis have experienced insider buying within the past six months.
Dominion Energy Inc (Symbol: D), which makes up 2.48% of the Morningstar Wide Moat ETF (MOAT), 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 $56,951,025 worth of D, making it the #17 largest holding. The table below details the recent insider buying activity observed at D:
D — last trade: $77.05 — Recent Insider Buys:
And The Charles Schwab Corporation (Symbol: SCHW), the #26 largest holding among components of the Morningstar Wide Moat ETF (MOAT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $48,785,500 worth of SCHW, which represents approximately 2.13% of the ETF's total assets at last check. The recent insider buying activity observed at SCHW is detailed in the table below:
SCHW — last trade: $36.56 — Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A look at the weighted underlying holdings of the Morningstar Wide Moat ETF (MOAT) shows an impressive 17.6% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 2.48% of the Morningstar Wide Moat ETF (MOAT), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at D: D — last trade: $77.05 — Recent Insider Buys: And The Charles Schwab Corporation (Symbol: SCHW), the #26 largest holding among components of the Morningstar Wide Moat ETF (MOAT), shows 2 directors and officers as recently filing Form 4's indicating purchases.
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A look at the weighted underlying holdings of the Morningstar Wide Moat ETF (MOAT) shows an impressive 17.6% 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: $77.05 — Recent Insider Buys: And The Charles Schwab Corporation (Symbol: SCHW), the #26 largest holding among components of the Morningstar Wide Moat ETF (MOAT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at SCHW is detailed in the table below: SCHW — last trade: $36.56 — Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A look at the weighted underlying holdings of the Morningstar Wide Moat ETF (MOAT) shows an impressive 17.6% 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: $77.05 — Recent Insider Buys: And The Charles Schwab Corporation (Symbol: SCHW), the #26 largest holding among components of the Morningstar Wide Moat ETF (MOAT), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at SCHW is detailed in the table below: SCHW — last trade: $36.56 — Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dominion Energy Inc (Symbol: D), which makes up 2.48% of the Morningstar Wide Moat ETF (MOAT), 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 $56,951,025 worth of D, making it the #17 largest holding. The table below details the recent insider buying activity observed at D: D — last trade: $77.05 — Recent Insider Buys: And The Charles Schwab Corporation (Symbol: SCHW), the #26 largest holding among components of the Morningstar Wide Moat ETF (MOAT), shows 2 directors and officers as recently filing Form 4's indicating purchases.
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