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699200.0
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2019-08-14 00:00:00 UTC
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Wednesday Sector Leaders: Utilities, Healthcare
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D
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https://www.nasdaq.com/articles/wednesday-sector-leaders%3A-utilities-healthcare-2019-08-14
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The best performing sector as of midday Wednesday is the Utilities sector, losing just 0.5%. Within the sector, Dominion Energy Inc (Symbol: D) and NextEra Energy Inc (Symbol: NEE) are two large stocks leading the way, showing a gain of 0.9% and 0.5%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.2% on the day, and up 16.32% year-to-date. Dominion Energy Inc , meanwhile, is up 9.03% year-to-date, and NextEra Energy Inc is up 26.08% year-to-date. Combined, D and NEE make up approximately 18.5% of the underlying holdings of XLU.
The next best performing sector is the Healthcare sector, losing just 2.3%. Among large Healthcare stocks, Thermo Fisher Scientific Inc (Symbol: TMO) and Medtronic PLC (Symbol: MDT) are the most notable, showing a loss of 0.8% and 0.9%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 2.1% in midday trading, and up 4.62% on a year-to-date basis. Thermo Fisher Scientific Inc, meanwhile, is up 22.10% year-to-date, and Medtronic PLC is up 12.68% year-to-date. Combined, TMO and MDT make up approximately 7.2% 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 Wednesday. As you can see, none of the sectors are up on the day, while nine sectors are down.
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 NEE make up approximately 18.5% of the underlying holdings of XLU. Combined, TMO and MDT make up approximately 7.2% 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 Wednesday.
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Within the sector, Dominion Energy Inc (Symbol: D) and NextEra Energy Inc (Symbol: NEE) are two large stocks leading the way, showing a gain of 0.9% and 0.5%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.2% on the day, and up 16.32% year-to-date. Among large Healthcare stocks, Thermo Fisher Scientific Inc (Symbol: TMO) and Medtronic PLC (Symbol: MDT) are the most notable, showing a loss of 0.8% and 0.9%, respectively.
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Within the sector, Dominion Energy Inc (Symbol: D) and NextEra Energy Inc (Symbol: NEE) are two large stocks leading the way, showing a gain of 0.9% and 0.5%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.2% on the day, and up 16.32% year-to-date. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 2.1% in midday trading, and up 4.62% on a year-to-date basis.
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The best performing sector as of midday Wednesday is the Utilities sector, losing just 0.5%. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.2% on the day, and up 16.32% year-to-date. Among large Healthcare stocks, Thermo Fisher Scientific Inc (Symbol: TMO) and Medtronic PLC (Symbol: MDT) are the most notable, showing a loss of 0.8% and 0.9%, respectively.
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699201.0
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2019-08-08 00:00:00 UTC
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D Added as Top 10 Utility Dividend Stock With 4.93% Yield
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https://www.nasdaq.com/articles/d-added-as-top-10-utility-dividend-stock-with-4.93-yield-2019-08-08
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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 $74.43 represents a price-to-book ratio of 2.3 and an annual dividend yield of 4.93% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.8% 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 $3.67/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 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 $74.43 represents a price-to-book ratio of 2.3 and an annual dividend yield of 4.93% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.8% 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 $74.43 represents a price-to-book ratio of 2.3 and an annual dividend yield of 4.93% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.8% and trades at a price-to-book ratio of 2.7. 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 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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699202.0
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2019-08-04 00:00:00 UTC
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3 Dividend Stocks Perfect for Retirees
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https://www.nasdaq.com/articles/3-dividend-stocks-perfect-for-retirees-2019-08-04
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nan
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nan
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Most retirees want a few simple things from their stock portfolio. Topping that list is above-average dividend income and low-risk growth. That enables a retiree to collect a steadily growing income stream to help supplement their Social Security.
Several stocks that fit these criteria. Three of the top options, which our Foolish contributors are set to take a look at, are material sciences company Dow Inc. (NYSE: DOW), natural gas pipeline operator Williams Companies (NYSE: WMB), and utility Dominion Energy (NYSE: D).
Image source: Getty Images.
A 5.5% dividend with room to grow
Maxx Chatsko (Dow Inc.): Can a $41 billion titan of industry really be defined as flying under the radar? Investors could make that argument when it comes to Dow Inc. Although it retained the household brand name of the former Dow Chemical, the company is brand spanking new and comprises the materials science assets of the former Dow Chemical and the former DuPont (not to be confused with the new DuPont, of course).
Despite wielding an industry-leading market share for 14 of the world's most used chemical products, the new company's shares have only managed to match the S&P 500 in their first few months on the stock market. To be fair, that's not much time to make a mark, but investors with a long-term mindset can look over the horizon to see promising potential.
Dow has grown significantly leaner than its namesake. It counts 37,000 employees leading six businesses, down from a headcount of 56,000 toiling away within over 15 business segments at its predecessor. The new business is focused on just three sectors of the economy. The old Dow Chemical slung chemical products into more than 10 parts of the global economy.
The newfound discipline is expected to trim annual capital expenditures to $2.8 billion, sharply lower than the $4 billion per year required previously. That alone should build more resilience into the commodity-linked business, shorten payback periods for investments, and allow management to be more selective when it comes to growth opportunities.
As the full amount of post-separation cost-savings targets are achieved in the coming years, investors should begin to see if management is delivering. The early indications are promising, which makes this dividend stock worth a closer look. Investors who take the leap will earn a 5.5% annual yield for their patience.
High-yield and healthy growth
Matt DiLallo (Williams Companies): Natural gas pipeline giant Williams Companies has turned itself into an excellent income stock over the past few years. The company sold several businesses that had exposure to commodity prices and used the proceeds to pay down debt and invest in expanding its portfolio of stable fee-producing assets. As a result of those moves, Williams now has a much stronger financial profile.
For starters, long-term contracts and other predictable sources supply Williams with 97% of its annual cash flow. Meanwhile, the company only pays out about 60% of that money to support its high-yielding dividend, which is currently 5.9%. That leaves it with a substantial amount of excess cash to invest in growth projects.
Williams Companies currently believes that it can invest in enough expansions to grow its earnings at a 5% to 7% annual rate after this year. That growth rate should support similar yearly increases in its high-yielding dividend. The company should have no shortage of opportunities to expand its natural gas pipeline business in the coming years. That's because North American energy companies need to invest an estimated $23 billion per year through 2035 on new natural gas-related infrastructure projects to support the continent's anticipated growth.
Given these factors, Williams Companies has everything a retiree could want in a stock.
Image source: Getty Images.
A slow but reliable dividend growth stock
Neha Chamaria (Dominion Energy): Retirees seek three things in a dividend stock: a high dividend yield, stable and preferably growing dividends, and a resilient business model to sustain the two. Dominion Energy is an easy contender.
Now don't let Dominion Energy's "boring" business deter you. More often than not, boring is more beautiful when it comes to dividend stocks. First off, Dominion Energy's 4.9% yield handily beats the S&P 500's yield of 1.9%. Importantly, this yield is backed by steadily rising dividends -- something Dominion can afford given the nature of its business.
You see, Dominion is a typical utility, providing electricity and gas to millions of customers in the U.S. Demand for these services doesn't ebb and flow with the economy but is rather stable. That ensures a steady flow of income for the company. To add another layer of security for investors, Dominion's tariff is regulated, so it has to seek approval for any rate increases from the state public utility commissions. Regulated rates effectively mean stable revenues and cash flows, predictable top-line growth, and efficient capital allocation for timely tariff approvals. This stability and predictability of cash flow explains why Dominion has been to reward shareholders with 15 consecutive years of dividend increases.
Between 2018 and 2023, Dominion projects its rate base (the value of total assets that provide power and gas at regulated rates) to grow by $19 billion, or at a compound annual rate of 7%. The company further projects its operating earnings per share to grow at around 5% through 2020 and more than 5% after that through 2023. Now, Dominion's dividend growth rate is projected to slow down, but that's only to ensure the company can maintain a healthier balance sheet. Eventually, that should work in favor of patient investors, as dividends from Dominion will still continue to grow to back strong yields.
10 stocks we like better than Dow 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 10 best stocks for investors to buy right now... and Dow 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 June 1, 2019
Matthew DiLallo has no position in any of the stocks mentioned. Maxx Chatsko has no position in any of the stocks mentioned. 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 company sold several businesses that had exposure to commodity prices and used the proceeds to pay down debt and invest in expanding its portfolio of stable fee-producing assets. That's because North American energy companies need to invest an estimated $23 billion per year through 2035 on new natural gas-related infrastructure projects to support the continent's anticipated growth. Regulated rates effectively mean stable revenues and cash flows, predictable top-line growth, and efficient capital allocation for timely tariff approvals.
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Three of the top options, which our Foolish contributors are set to take a look at, are material sciences company Dow Inc. (NYSE: DOW), natural gas pipeline operator Williams Companies (NYSE: WMB), and utility Dominion Energy (NYSE: D). High-yield and healthy growth Matt DiLallo (Williams Companies): Natural gas pipeline giant Williams Companies has turned itself into an excellent income stock over the past few years. A slow but reliable dividend growth stock Neha Chamaria (Dominion Energy): Retirees seek three things in a dividend stock: a high dividend yield, stable and preferably growing dividends, and a resilient business model to sustain the two.
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Three of the top options, which our Foolish contributors are set to take a look at, are material sciences company Dow Inc. (NYSE: DOW), natural gas pipeline operator Williams Companies (NYSE: WMB), and utility Dominion Energy (NYSE: D). High-yield and healthy growth Matt DiLallo (Williams Companies): Natural gas pipeline giant Williams Companies has turned itself into an excellent income stock over the past few years. A slow but reliable dividend growth stock Neha Chamaria (Dominion Energy): Retirees seek three things in a dividend stock: a high dividend yield, stable and preferably growing dividends, and a resilient business model to sustain the two.
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For starters, long-term contracts and other predictable sources supply Williams with 97% of its annual cash flow. A slow but reliable dividend growth stock Neha Chamaria (Dominion Energy): Retirees seek three things in a dividend stock: a high dividend yield, stable and preferably growing dividends, and a resilient business model to sustain the two. 10 stocks we like better than Dow Inc.
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699203.0
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2019-08-02 00:00:00 UTC
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Dominion Energy, Inc. (D) Q2 2019 Earnings Call Transcript
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https://www.nasdaq.com/articles/dominion-energy-inc.-d-q2-2019-earnings-call-transcript-2019-08-02
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Image source: The Motley Fool.
Dominion Energy, Inc. (NYSE: D)
Q2 2019 Earnings Call
Jul. 31, 2019, 10:00 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 Second Quarter Earnings Conference Call. [Operator Instructions]
It is now my pleasure to turn the conference over to Mr. Steven Ridge, Vice President, Investor Relations.
Steven Ridge -- Vice President, Investor Relations
Good morning and welcome to the Second Quarter 2019 Earnings Conference call for Dominion Energy. I encourage you to visit our Investor Relations website to view the earnings press release, a slide presentation that will follow this morning's prepared remarks and additional quarterly disclosures. Schedules in the earnings release kit are intended to answer detailed questions, pertaining to operating statistics and accounting and the Investor Relations team will be available immediately after the call to answer additional questions.
The earnings release and other matters that will be discussed on the call today may contain forward-looking statements and estimates 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.
Also on this call, 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 were able to calculate and report 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 and Chief Financial Officer and Treasurer, and other members of the executive management team.
I will now turn the call over to Jim.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Good morning. Dominion Energy reported second quarter 2019 operating earnings of $0.77 per share, compared to our guidance range of $0.70 to $0.80 per share.
Performance across our businesses was aided by better than normal weather, which increased utility earnings by about $0.02 per share. Adjusted for normal weather, operating earnings for the fourth quarter were $0.75 per share, which is also the midpoint of our guidance range.
Operating segment performance for the second quarter is shown on Slide 4. GAAP earnings for the quarter were $0.05 per share, which were driven primarily by charges related to the SCANA integration and the voluntary retirement program, which I will discuss in a moment. A reconciliation of operating earnings to reported earnings can be found on Schedule 2 of the earnings release kit. I will now provide updates on several ongoing initiatives.
Turning to Slide 5, as announced at our Investor Day in March, we continue to work toward completing the restructuring of our reporting to work toward completing the restructuring of our reporting segments. During our fourth quarterearnings callearly next year, we expect to provide our 2019 full-year results, as well as our 2020 guidance in conformity with these updated segments.
As discussed previously, we believe that this new reporting structure will make our Company more transparent to all stakeholders, and we'll highlight the premium nature of each of our distinct businesses. Similar to last quarter, the Alternate Breakdown Structure or ABS will be posted to our Investor Relations website shortly after this call. This document provides a preliminary view of our future intended reporting segment results. The ABS which is not reflective of how we currently manage our businesses, is not intended to replace Dominion Energy's current operating segment disclosures.
Turning to Slide 6, we have concluded the previously announced voluntary retirement program or VRP. Though some retirements will become effective only in the coming months, most of our colleagues who elected to participate, have already begun to enjoy the retirement. Roughly 12% of our total workforce elected to participate, which compares to an average annual retirement rate over the last five years of just over 3%. We of course wish him all the best in retirement and also thank them for their many years of dedicated service.
We expect this VRP to be impactful to our Company and our workforce in a number of ways, in particular as we embark on industry leading innovation initiatives, highlighted by Tom and other members of our senior management team at our Investor Day in March. As it relates to thinking about the potential financial impact of the program, I would ask that you note the following.
First, while the VRPs financial impacts are incremental to our previously announced flat O&M initiative, I reiterate my comments from the first quarter call, that these savings should not be considered additive to existing earnings guidance, rather the savings from the VRP are available to overcome potential unexpected challenges and derisk the execution of our earnings growth plan. We think this approach is supportive of our objective to consistently and predictably deliver results in line with -- or in line with our guidance, which we expect would be a driver of premium equity valuation.
Second, the bottom line impact of this program will be influenced by near term backfilling of up to a third of the vacated positions, given operational and safety requirement. Further O&M savings in our regulated businesses accrue to our customers, immediately in the case of rider programs and over longer time frames via rate proceedings. Finally VRP savings in our Southeast Energy Group are supportive of the expected transaction accretion of approximately $0.10 per share in each of the first two years following merger closing.
Turning to financing. In June, we successfully placed approximately $1.6 billion in equity-linked units, consistent with our financing plan guidance. Due to a high quality order book, there was many times oversubscribed, we were able to achieve record pricing in terms of spread to common yield for security of this type.
As a reminder, this transaction does not result in any near-term common stock issuance and the financial impact of this issuance were already contemplated in our existing earnings guidance. As discussed during our Investor Day, over the next several years, on average, we continue to expect non-marketed equity issuance, be a drip of about $300 million per year and via our at the market program of some $300 million to $500 million per year, to help prudently fund our sizable regulated capital investment program.
Moving now to operating earnings guidance on Slide 7. 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 third quarter, we are initiating guidance $1 to $1.20 per share. Positive factors as compared to last year include growth from regulated investment across electric and gas utility programs; the contribution from the Southeast Energy Group and the impact of O&M initiatives.
Negative factors as compared to last year, include the impact of 2018 asset sale share issuances, timing of the farmout and return to normal weather. As we evaluate the cadence of our quarterly earnings, as compared to last year, particularly as it relates to the second half of the year. Please keep in mind the following factors, some of which have been quantified on the right hand side of Slide 7.
The timing of the Millstone refueling outage, which occurred in the spring this year as compared to the fall last year. The favorable net impact of PJM capacity prices, including our new greenfield power station participation in the capacity market for the first time since it is in service late last year. The contribution of the Southeast Energy Group, earnings growth from continued regulated investment across electric and gas businesses; higher realized prices at our Millstone power station, driven primarily by an expected October 1 effective date, for the 10-year 9 million megawatt hour, zero carbon contract with Connecticut utilities. And finally, the continuation of our flat O&M and other expense control initiatives.
We expect that savings from the VRP, net of the Dominion's [Phonetic] just discussed, will be between $0.05 and $0.06 per share during the second half of this year. These savings are available to address unplanned challenges that may arise. For example, items like the $0.04 of negative weather experienced so far this year. We are also affirming our expectation for full year 2019 operating earnings per share between $4.05 and $4.40. Similarly we also reiterate our long-term EPS growth expectation of approximately 5% per year through next year and 5% plus thereafter.
I will now turn the call over to Tom.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thank you, Jim and good morning. First, a reminder that safety is our first core value, it is at the heart of our corporate culture and we will continue to improve until we achieve the only acceptable safety statistic zero injuries. Those six months remain, year-to-date safety results are consistent with the record setting results we have achieved in the last few years. Of particular note, the Southeast Energy Group, overall safety performance has improved from what was already solid results. Overcoming the loss of a colleague in the tragic event in Durham, on April 10th from a third party contractor, and avoiding distractions for merger activities. I want to comment, that women and men of the Southeast Energy Group who have responded so positively, providing safe, reliable and efficient delivery of energy to customers who are experiencing lower bills and seeing increased community giving, just as we committed prior to completion of the merger.
Turning to Slide 9. Earlier this month, the CNBC released their 2019 update to America's stock top states for business. We were pleased, though not surprised to see four of our five primary state regulated jurisdictions rank in the Top 10 of the list, including Virginia, which was recognized as the nation's number one state for business. You might recall from our Investor Day that 65% to 70% of our Company's expected 2020 operating earnings are from state regulated operations, centered around these five key states, including 40% to 45% attributable to our Virginia-based utility. This is just one more validation of the theme we have highlighted regarding the differentiated nature of our high-quality regulated operations.
Another topic we regularly highlight to all Dominion Energy stakeholders is our ongoing ESG efforts. We are continuously enhancing our strategy in this area, and increasing our communications regarding the progress we have made and we'll continue to make. For example, to our knowledge, we were the first utility Company and we believe the only U.S. company in any sector to hold a dedicated ESG focus Investor Day meeting. We created a new Board level sustainability and Corporate Responsibility Committee that oversees our approach to these matters. We have updated our emissions reduction goals to be more aggressive. We have improved our disclosures across the Board, including inclusion of comparable ESG metrics. They are included in the appendix of theseearnings callmaterials.
We are directly engaged with our largest institutional investors outside of proxy season, in discussions about the Dominion's industry-leading positions on these issues. And we are only one of three utility companies that have implemented environmental justice policy, which ensures that all stakeholders, including local communities have a voice in decisions on infrastructure investments. We believe that as investors become increasingly discerning around ESG criteria. Dominion's industry leading efforts will be rewarded with a differentiated positive investment outlook.
I'll turn now to recent updates related to our major investment initiatives. Earlier this month, we began construction of our $300 million offshore wind pilot project. The project was approved by Virginia regulators in November of last year and is a critical initial step in what has the potential to become a multi-year multi-billion dollar capital deployment in zero carbon offshore wind energy. To recall, that our Virginia offshore lease should accommodate over 2 gigawatts generation capacity based on expected technology advancements, which is significantly more than what we have accounted for over our 5-year planning horizon.
We continue to make progress on a $2 billion to $3 billion new pump storage facility. There would be an excellent complement to the intermittency of the increased wind and solar resources across our system. During the second quarter, we narrowed the search for potential location and we will spend the remainder of this year and part of next, conducting more extensive surveys. The Virginia General Assembly has found the construction of such a facility to be in the public interest. Next, relicensing of our existing regulated nuclear units in Virginia is an up to $4 billion capital program that support safe, reliable and affordable energy for customers and is an important source of zero carbon electricity production.
During the second quarter, our nuclear station in Surry County, generated its $500 billion kilowatt hour of zero carbon electricity. Put that into context $500 billion kilowatt hours would power the entire State of Virginia for 5.5 years in a carbon free manner. Later this week we will file our first battery powered program. We will pair batteries with solar facilities to begin the integration of peak shifting and clipping as well as test the reliability benefits of batteries on our distribution grid.
On Slide 12, we have positive trends across two significant growth drivers for our Power Delivery business. On the left side, you can see the growth in electric transmission rate base, which will continue as we execute on the five-year $4.3 billion capital plan we shared at our Investor Day in March. These transmission investments improve system reliability, to the benefit of our customers. On the right side, you see the impressive growth in data center capacity, which we also expect to continue for years to come.
Our capital plan calls for $1.7 billion of investment associated with customer growth, including data centers over the next five years. And finally, with regard to the Atlantic Coast Pipeline and Supply Header, our customers continue to need these projects capacity to serve their existing customers, move toward a low carbon feature and enable new economic development. It is noteworthy that natural gas prices in the region, that will be served by the project, remain among the highest in the country. We are pleased that the solicitor general filed an appeal in Supreme Court of the 4th Circuit, Cowpasture decision as it relates to ACP's crossing underneath the Appalachian trail. To-date, 16 states, the AGA, INGA [Phonetic], the Chamber of Commerce, several unions, the National Association of Manufacturers, Mountain Valley Pipeline have all filed amicus brief. History indicate cases appealed by the Solicitor General having approximately 70% chance of being considered. We expected in October or November the Supreme Court will schedule arguments to occur in the spring of next year with a final decision, no later than June 2020.
We are confident that the 4th Circuit's ruling will be overturned. And to our present, we are not publicly discussing potential administrative or legislative alternatives. The options that have been described by the developers of the Mountain Valley Pipeline should be expected to be applicable to the Atlantic Coast Pipeline. We are disappointed that last week the 4th Circuit vacated the project's biological opinion. Over recent months, we have been taking steps to bolster the official record of the case, in the event the court ruled negatively. These steps include the additional surveying of the rusty patched bumble bee, a longer project corridor, which has been under way since mid-June. There is nothing in the court's opinion on poor species, that we expect would prevent the biological opinion from being reissued in time to recommence construction by year-end and complete critical path tree filling during the November through March window.
We have included in the appendix, a list of select outstanding regulatory reauthorizations, including resolution, timing, expectations. Based on these assumptions, our current project cost and in-service timing expectations remain consistent with the guidance we provided earlier this year on our fourth quarterearnings call Before I complete my remarks, I would like to add my personal thanks and well-wishes to our colleagues who have opted to retire on an accelerated timeline. Your legacy of living our core values will leave a lasting impression at Dominion Energy, and you will be missed.
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 performances of recent years. We are actively engaged throughout the Company on initiatives that are focused on creating shareholder, customer and other stakeholder value by making Dominion Energy more efficient, sustainable and transparent. We achieved operating earnings per share above -- on a weather-normalized basis at the midpoint of our guidance range. We are affirming our full year operating earnings per share guidance in our long-term growth rates. Our key regulated jurisdictions stand apart as premium locations, in which to do business. We are making progress across our capital investment programs to the benefit of our customers. And we have a strong environmental, social and governance track record and strategy, and we will continue to increase our engagement with customers, shareholders, other stakeholders on those topics.
We will now be happy to answer your questions.
Questions and Answers:
Operator
Thank you. At this time, we will open the floor for questions. [Operator Instructions] Our first question will come from Greg Gordon with Evercore ISI.
Gregory Gordon -- Evercore ISI -- Analyst
Thanks, good morning guys.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Good morning.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Good morning.
Gregory Gordon -- Evercore ISI -- Analyst
Two questions. One, numbers related question. Looking at the adjustments from GAAP to operating on an operating basis, you obviously had a really great quarter. Congrats on that, but pretty significant charges associated with merger integrated and merger -- and integration costs, the retirement, et cetera. Are those numbers consistent with your expectations for the year on the delta between GAAP and operating? And are there any significant incremental charges we should expect as adjustments for the balance of the year and going into 2020?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yeah, Greg, it's Jim. Good morning. Thanks. The future non-operating charges are of course, difficult to predict. So we don't know exactly what those will be, the nature of the beast. I would expect some continued charges related to our integration of SEG, the former SCANA business. Mostly in terms of accounting systems and implementations and things along those lines, the major charges related to customer benefit and VRP and related restructuring, have been kind of tackled in the first half of this year. So some numbers would continue, but there will be -- we expect a more modest than what we've seen so far.
Gregory Gordon -- Evercore ISI -- Analyst
Thank you. My second question goes to your confidence in your ability to get the Fish and Wildlife Service to effectively mediate the concerns associated with this second certification of their permits from the 4th Circuit. In reading that document, I've had varying opinions, you heard varying opinions on how high the hurdle is, that the Fish and Wildlife Service needs to get over in order to issue a valid permit given some of the pretty strong language in that. While it was a detailed -- they gave very good detail as to why we felt that the decision was arbitrary and capricious. Some people who needed that, the standard that they put the efficient Wildlife Service to and the details of what they have problems with might be a very difficult to meet. So can you just comment on why you think, based on your reading and your experts reading that -- that you can meet those hurdles with just more information on the three other species and adequately doing the survey on the bees [Phonetic], sorry such long-winded question.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Well. All right. Got ahead, Diane.
Diane Leopold -- Executive Vice President and President and CEO-Gas Infrastructure Group
Okay. Good morning. This is Diane Leopold. Really what I would say as we look at the four species is there was an enormous amount of information and analysis that went into the process to begin with. While we were in formal consultation with the Fish and Wildlife Service. And based on the amount of information that they have and the surveys that we have completed, we believe based on, there is nothing surprising that's coming out of it that would make us think that they cannot resolve it with the enormous amount of analysis and information that they have.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
I would just add one thing, the surveys, the one issue they had is, they didn't think enough surveys were done around the fees and we've been doing those survey since mid-June, they'll be done this quarter, and there will be more than sufficient facts we believe to just by issuing the [Indecipherable].
Gregory Gordon -- Evercore ISI -- Analyst
Thank you. Thank you very much.
Operator
Thank you. Our next question comes from Steve Fleishman with Wolfe Research.
Steve Fleishman -- Wolfe Research -- Analyst
Hi. Excuse me. Good morning. Could you guys maybe just give a little color on how you're, how you characterize your natural gas midstream system in light of some of the concerns on Appalachia gas? I know it's mainly regulated and with long-term contracts, but just, obviously you saw Blue Racer very timely, just maybe give some color and context of that.
Diane Leopold -- Executive Vice President and President and CEO-Gas Infrastructure Group
Good morning, Diane Leopold again. What I would do is, say, that part of the reason that we divested a Blue Racer is that, really wasn't core to us. When we look at our gas infrastructure, our high focus in both our existing customers and our growth projects has been an end use markets and end use markets actually benefit from the low gas prices that you see. So, while we understand the Appalachian gas prices are quite low, what that's done is driven higher a industrial growth in that region and more end-use and PowerGen customers. So, as Tom talked about in the Analyst Day back in March, a lot of our focus is toward the end use rather than the producers.
Steve Fleishman -- Wolfe Research -- Analyst
Okay, great. Thank you. And then I guess the other question would be just on the savings of the voluntary retirement and the benefits of that. So, when you look at unexpected pressure is the only one that I could think of right now would be ACP related. I guess, since they are unexpected there is not any others that you see right now, that could be out there in terms of dealing with the --, using these benefits or needing the benefits.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
That's right, Steve. I mean, unexpected is unexpected, so hard to comment. I mean, we think about the -- let's put in context. So we -- we mentioned, I mentioned and we have on the slide there, that the net impact, none of the mitigants I described. For this year in the 5% to 6% range for the second half of the year. So you could easily annualize that for a year in the coming years. Of course, over time that's giving back to our customers through rates [Indecipherable]. For 2020 fair enough to think about double that amount. So $0.10 to $0.12. So just to put that in context, so $0.04 of weather hurt this year, six months we don't know what that will be the rest of the year. But of course in 2020, is that kind of thing, it stands ready to offset. When it comes to ACP, as a reminder, our guidance on the contribution from ACP in 2018 last year was $0.7, this year to $0.11, next year we have a little more visibility, but not on a granular basis, yet regarding the exact timing of recommencement and the sculpting of capital spend through 2020. So what the contribution in 2020 year is we don't -- we don't yet know exactly, but call it mid-teens to high teens, the best contribution. This $0.10 to $0.12 stands for things available to offset the various unforeseen challenges, but that kind of put in context versus ACP, which you're asking about smaller.
Steve Fleishman -- Wolfe Research -- Analyst
Okay. And then one just clarification on that. The $0.10 to $0.12 is that after any future kind of pass-through to customers, through clauses and such. Is that, that's just -- that the net number that would not pass through?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yeah, that's right. I mean, over a number of years that will go back to customers as mentioned but for the near-term number of $0.5, $0.6 is net of the amount, that is immediately passed through customers through rider tax treatment. And that holds true for 2020 as well. After that, it tends to blend back to customers, over time, but for 2020, it is net of that, of that factor.
Steve Fleishman -- Wolfe Research -- Analyst
Okay. Thank you.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thank you.
Operator
Thank you. Our next question comes from Shar Pourreza with Guggenheim Partners.
Shahriar Pourreza -- Guggenheim Partners -- Analyst
Hey, good morning guys, sorry about that.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Good morning.
Shahriar Pourreza -- Guggenheim Partners -- Analyst
Just real quick, Tom. Do you comment, Tom, a little bit on sort of briefly touched on the administrative path and potentially looking at like a land swaps, similar to what we've seen with MVP. Are there other sort of administrative solutions that you could be looking at outside of just the land swap?
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Yes. There are a number, and as we said before, we really don't want to get into a lengthy discussion about what all those options are. There has been some discussion from the developers of the MVP pipeline that, as I've said a few minutes ago, we would expect all of those solutions to be available to us as well.
Shahriar Pourreza -- Guggenheim Partners -- Analyst
And then just from a timing perspective of when you're ready to discuss publicly the administrative or legislative path, is that sort of at a point when SCOTUS affirms whether they would hear this case or not?
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
We're completely focused on that right now. This is -- the 4th Circuit decision is a very poor precedent. We thank for energy policy in the United States, setting up a 2,000 mile long barrier wall to bring energy resources from the Midwest and South, the western parts of the country into the East. Don't think that's what compressible intent was. So it's very important that the precedent not stand.
Shahriar Pourreza -- Guggenheim Partners -- Analyst
Got it, OK. And then just, I don't know if you can comment on this, but there is obviously been some headlines around the retail business and potentially looking at a transaction down there, is there anything you can elaborate on that and how the process is going?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yeah, Shar, let me give some -- let me give some color on that point. And obviously, for the norm, we don't really comment on material M&A, but let me give some color on the way we think about this. So we are always considering ways to create shareholder value to derisk our plan, to take our exposure to regulated and regulated like businesses, which now 95% and take it up toward 100%. So last year in 2018, obviously we made a lot of progress in that respect, as you know. And this year, that continued but on a totally different scale, really focusing on that last 5% for the most part of things that are non-core or not-regulated, regulated like. For example we divested, a 15-megawatt fuel cell asset, we had in Connecticut, it's called Bridgeport $35 million this year.
We also divested our stake in NedPower, the wind facility in West Virginia, the amount wasn't disclosed, but it is modest. And we're also fielding and thinking about what to do with another wind asset we own in Indiana, which is Fowler Ridge, no decisions there yet early, early days. So, that kind of thing where we're always thinking about it, but it's very modest. Now, I'd say that, to put it in context, for retail, which is your question. So there are press reports about potential sale of our retail gas -- and there also, we've been fielding inbound inquiries on all of it, on the part that is in Georgia, that was formerly SCANA business, on the legacy Dominion business. And we're thinking to that there is certainly no decisions. But importantly, we were thinking about what to do generally. So it's not, it's not so focused on the process. Should we keep it as [Indecipherable]? How could we grow it? Could there be ways to grow through JV, for example or some other structure. So it's more thinking along those lines, as opposed to, let's sell this thing because we're probably not going to do that, it's not, it's not accretive. So no decisions, lots of spot processes, but no, nothing to share and not sure there will be.
Shahriar Pourreza -- Guggenheim Partners -- Analyst
Got it and then as we think about like redeployment of proceeds in case, in case there is a process, is that strictly into delevering and strengthening the balance sheet?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
I would call that, yes. But I would put that in the kind of the general corporate, and we're talking about not huge numbers in the scope of all of Dominion.
Shahriar Pourreza -- Guggenheim Partners -- Analyst
Okay. Great. Thanks guys.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thank you.
Operator
Thank you. Our next question will come from Michael Weinstein with Credit Suisse.
Michael Weinstein -- Credit Suisse -- Analyst
Hi, good morning.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Good morning.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Good morning.
Michael Weinstein -- Credit Suisse -- Analyst
Okay. Just a couple of follow up questions. The $0.10 to $0.12 voluntary savings the voluntary retirement savings, do you said that you expect -- that would eventually fade in a few years, as the savings are shared with customers. How much do you think you'll retain in the longer-term, once most of the savings have been shared?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yeah, I believe, we don't really have such a number. I mean, it will -- with every year we don't, we don't have a material rate cases with all that much frequency. So it will be chipped away over time, but we don't have a specific number to bifurcate between what's kept long-term and what's not.
Michael Weinstein -- Credit Suisse -- Analyst
But just, I mean, roughly speaking, half would you think or below half or more than half, maybe?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Half would be fair. We don't really have a number in mind.
Michael Weinstein -- Credit Suisse -- Analyst
Okay. Okay. And then on how much capital has been put into ACP to date at this point? And what is the assumption that is going into that mid-teens EPS number, that I think you mentioned earlier from AFUDC next year?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yeah. As of June 30, the total cash invested capital is $3.4 billion from all parties from all forms. Half of that is funded, as you know with the construction facilities at the project level, and you'll see that in our quarterly reports, that's $1.7 billion, so twice that. The other half is the total and the other outcomes pro-rata from the -- as equity contributions from the sponsors were 48% of that. So $3.4 billion is the total. As I mentioned, we don't have available at this time, granular guidance on the capital spend for the end of this year or the scoping of it through 2020. But it assumes recommencement of construction by the tree clearing season in the fourth quarter of this year.
So when you say mid-teens for the next few years, that's sort of an assumption that you are going to get most of this built-up right up until the Supreme Court decision?
It's mid-to-high teens, so mid would -- mid would be with less under construction through 2020 or later in 2020 and higher would be, again, most of it.
Michael Weinstein -- Credit Suisse -- Analyst
Got you. Okay. Thank you very much.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thank you.
Operator
Thank you. Our next question comes from Julien Dumoulin-Smith with Bank of America.
Julien Dumoulin-Smith -- Bank of America Merrill Lynch -- Analyst
Hey, good morning.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Good morning, Julien.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Good morning.
Julien Dumoulin-Smith -- Bank of America Merrill Lynch -- Analyst
Hey, so perhaps just to follow up on some of the last questions here. Can you talk a little bit more about what else might be considered sort of not necessarily non-core, but as you think about kind of fine-tuning the portfolio here within the regulated piece? And more specifically I'd be curious given some of the developments here around Millstone that have been achieved. I mean is there any way to de-risk some of the volatility from that as well over time? And as for instance within that example?
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Well, I'll talk about Millstone. We have derisked Millstone with the legislative and regulatory solution that's in its final -- final weeks right now, with a very significant portion of the output being sold to local utilities for a 10-year period. So we consider that to be more than sufficient derisking the Millstone asset. I'll let Jim and others answer the rest of the questions.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
I think that's a good answer and going back to the way I started my answer to Shar, I mean we don't -- we don't comment on the material M&A. But is the -- the review of real material things which are non-core including Blue Racer, so we talked about last year, and our last remaining fossil merchant plants last year, I mean for big items, that pretty much exhaust the list.
Julien Dumoulin-Smith -- Bank of America Merrill Lynch -- Analyst
And then just coming back to the question around VRP, I know it's been asked a few different ways. But as you look into the back half of this year, could you -- just thinking about like the pluses and minuses here, clearly, it's a big plus. Any offset in terms of execution? That it sounds like that's already been largely recognized in the first half to achieve this. And maybe the punch line is, how do you think about this trending for the full year '19, given the 3Q guidance you've already issued and what that means for 4Q as well?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Here we talk about -- let me talk about a little bit. I know it's a little bit funny to talk about that savings has been kind of available for unforeseen headwinds, whether it's the most prevalent. We always talk about the potentially material impact of weather, now in Virginia and South Carolina, on our earnings guidance ranges, and where we end up. So it's hard to point to any one thing, because we feel pretty good about where we are at this stage, given what's to come in the next two quarters. And let me address that a little more. So last year as we sat here on our second quarter call, and we looked at kind of what was remaining, what we needed to do after our first two quarters, to get to the midpoint of our guidance range. We needed $2.03.
So this year as I mentioned in my prepared remarks the cadence is different. We have a back-end loaded profile to our EPS accrual through the second half of the year. So, last year it was $2.03, this year it is $2.36, so bigger company, more earnings, but we also need to have a little bit of catch-up, it's back-end loaded. The reasons for that, and the reasons we're comfortable with that, are those things that are generally set out in that right-hand side of Page 7 in our debt. So the Millstone outage $0.08 to $0.10. Last year, it was in fourth quarter, for the most part, this year done in spring.
The net capacity expense from PJM with Greensville in the mix now starting in June, $0.06 to $0.08. The VRP also in the mix, $0.05 to $0.06. Southeast Energy Group didn't have it last year, $0.04 to $0.06. And then another basket of things are smaller but regulated investment across our utility business for the next six months. And the Millstone PPA we mentioned, assuming that comes into place October 1. And then the continued impact of O&M to the next six months. So in our minds, we don't really have one thing, that the VRP will offset. It's just there and available. So we anticipate Julien that a question, which was what if nothing comes up, this year or next year? And there also, we're saying, I've said that it's not additive to our guidance. So if nothing comes up and we're in the lucky position of not having any headwinds that aren't expected or such event, what I would do is identify areas in O&M to advance spending, in order to use that VRP savings to derisk our guidance -- our earnings guidance for a longer period of time. So not a very direct answer to your question but that's the way we think about the VRP savings and what it will potentially help us with over the next period.
Julien Dumoulin-Smith -- Bank of America Merrill Lynch -- Analyst
Right. So maybe said differently, 2019, there is a lots of puts and takes. You feel very comfortable still. I don't want to put words directly in your mouth on '19. And then it's been the story for '20, again, this is going to be more about accelerating forward O&M, that you might otherwise need, for instance, in '21 or something?
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Yeah, if no other headwinds pop up. That's right.
Julien Dumoulin-Smith -- Bank of America Merrill Lynch -- Analyst
Okay, great. Thank you all very much.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thank you.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thank you.
Operator
Thank you. Our next question comes from Stephen Byrd with Morgan Stanley.
Stephen Byrd -- Morgan Stanley -- Analyst
Hi, good morning.
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Good morning.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Hi, Stephen.
Stephen Byrd -- Morgan Stanley -- Analyst
I just had one follow-up on Atlantic Coast Pipeline, assuming that a revised biological opinion and incidental take statement is issued but is stayed by the court yet again, what would the next process steps be at that point? Is there an appeal process or where would you go at that point if the [Indecipherable] is yet again stayed?
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Well, you can do a preliminary -- you can appeal a stay. You can -- it will depend, I'll depend on what the stay was for, if one was entered at all. Would it be the entire 600 miles or would it be a segment? Also it's kind of difficult to answer that question. There are a variety of remedies we can pursue but without a real detailed issue, it's hard to answer that question.
Stephen Byrd -- Morgan Stanley -- Analyst
Understood. That's all I had. Thank you.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thank you.
Operator
Thank you. Our next question comes from Praful Mehta with Citigroup.
Praful Mehta -- Citigroup -- Analyst
Hi guys.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Good morning.
Praful Mehta -- Citigroup -- Analyst
Moving a little away. Hi. Moving a little bit away from ACP, wanted to touch on offshore wind. I know you talked about it and emphasized on the call the opportunity on offshore wind. Firstly, wanted to understand the economics that you're seeing and the benefits you're seeing on the technology side. And given the investment that you've talked about as a potential opportunity, is that going to put pressure on bills and would that constrain the opportunities? So just a little bit color on that will be helpful.
Paul D. Koonce -- Executive Vice President and President and CEO-Power Generation Group
Praful Mehta, this is Paul Koonce. Of course, we are under construction on the two offshore wind turbines now, doing the onshore construction next summer will complete the two test turbines. In terms of the offshore wind economics, we've been watching very closely what's been happening throughout New England. I would say that the life cycle cost equivalent, LCOE, in those markets have been, call it, $85 and potentially higher. There is some speculation what may happen with production tax credits for offshore wind. Might they be renewed or not? We don't know.
In Virginia, we're looking at the need to get the life cycle cost equivalent down closer to maybe the $80 range, which means we need to see about a 15% to 20% capital cost improvement. We think that those costs can move in that direction once we stand up the U.S. supply chain. That's been the real benefit that they've seen in Europe is being able to scale up the supply chain. And we also think that the development of larger turbines, 11 megawatt and greater, will drop those costs down closer to what we think we need in order to really see the build-out in Virginia. So we're watching all of that very closely. We think the time frame that we have in mind, which is '23, '24 and kind of beyond. We think that those cost reductions are achievable. So we're bullish but we're going to do what's right for our customers.
Praful Mehta -- Citigroup -- Analyst
Got you. That's super helpful color. Just can you put in context what could be the size of the opportunity from an investment perspective post that 2022, '23 time frame?
Paul D. Koonce -- Executive Vice President and President and CEO-Power Generation Group
Well, I think what we said at the March 25, really, we've only given sort of guidance out to 2023, which is $1.1 billion. Now $300 million of that $1.1 billion is the offshore wind pilot that we're doing. That leaves $800 million to go toward the first phase. But I think in round numbers, we've said in excess of 2,000 megawatts. The limiting factor becomes sort of the wake effect that you have with one turbine sort of stacked up behind the second. But we clearly see line of sight in excess of 2,000 megawatts. And I would pencil out maybe a $3,000 per kilowatt-hour installed. And if you do that, you come up with a sizable investment, but that would be out over the entire decade.
Praful Mehta -- Citigroup -- Analyst
Got you. Super helpful guys. Thank you.
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Thank you.
Operator
Thank you. This concludes our time for Q&A. I'll now turn it back to our speakers for closing comments.
Steven Ridge -- Vice President, Investor Relations
Thank you for everyone's time this morning. We know it's a busy earnings day and the Investor Relations team is available of course to answer questions throughout the rest of the day. Thank you.
Operator
[Operator Closing Remarks]
Duration: 46 minutes
Call participants:
Steven Ridge -- Vice President, Investor Relations
James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer
Thomas F. Farrell -- Chairman, President and Chief Executive Officer
Gregory Gordon -- Evercore ISI -- Analyst
Diane Leopold -- Executive Vice President and President and CEO-Gas Infrastructure Group
Steve Fleishman -- Wolfe Research -- Analyst
Shahriar Pourreza -- Guggenheim Partners -- Analyst
Michael Weinstein -- Credit Suisse -- Analyst
Julien Dumoulin-Smith -- Bank of America Merrill Lynch -- Analyst
Stephen Byrd -- Morgan Stanley -- Analyst
Praful Mehta -- Citigroup -- Analyst
Paul D. Koonce -- Executive Vice President and President and CEO-Power Generation Group
More D analysis
Transcript powered by AlphaStreet
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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James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer Good morning. Thomas F. Farrell -- Chairman, President and Chief Executive Officer Thank you. Thomas F. Farrell -- Chairman, President and Chief Executive Officer Good morning.
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James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer Good morning. Thomas F. Farrell -- Chairman, President and Chief Executive Officer Thank you. Thomas F. Farrell -- Chairman, President and Chief Executive Officer Good morning.
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James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer Good morning. Thomas F. Farrell -- Chairman, President and Chief Executive Officer Thank you. Thomas F. Farrell -- Chairman, President and Chief Executive Officer Good morning.
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James R. Chapman -- Executive Vice President, Chief Financial Officer and Treasurer Good morning. Thomas F. Farrell -- Chairman, President and Chief Executive Officer Thank you. Thomas F. Farrell -- Chairman, President and Chief Executive Officer Good morning.
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699204.0
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2019-08-01 00:00:00 UTC
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Thursday Sector Leaders: Utilities, Healthcare
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https://www.nasdaq.com/articles/thursday-sector-leaders%3A-utilities-healthcare-2019-08-01
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In afternoon trading on Thursday, Utilities stocks are the best performing sector, up 1.2%. Within that group, AES Corp. (Symbol: AES) and Dominion Energy Inc (Symbol: D) are two large stocks leading the way, showing a gain of 3.2% and 2.5%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.2% on the day, and up 15.58% year-to-date. AES Corp., meanwhile, is up 22.62% year-to-date, and Dominion Energy Inc is up 9.15% year-to-date. Combined, AES and D make up approximately 9.4% of the underlying holdings of XLU.
The next best performing sector is the Healthcare sector, losing just 0.4%. Among large Healthcare stocks, Nektar Therapeutics (Symbol: NKTR) and Vertex Pharmaceuticals, Inc. (Symbol: VRTX) are the most notable, showing a gain of 8.9% and 6.6%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 0.2% in midday trading, and up 6.00% on a year-to-date basis. Nektar Therapeutics, meanwhile, is down 5.72% year-to-date, and Vertex Pharmaceuticals, Inc. is up 7.17% year-to-date. Combined, NKTR and VRTX 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 Thursday. As you can see, one sector is up on the day, while eight sectors are down.
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 Thursday, Utilities stocks are the best performing sector, up 1.2%. Combined, NKTR and VRTX 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 Thursday.
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Within that group, AES Corp. (Symbol: AES) and Dominion Energy Inc (Symbol: D) are two large stocks leading the way, showing a gain of 3.2% and 2.5%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.2% on the day, and up 15.58% year-to-date. Among large Healthcare stocks, Nektar Therapeutics (Symbol: NKTR) and Vertex Pharmaceuticals, Inc. (Symbol: VRTX) are the most notable, showing a gain of 8.9% and 6.6%, 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 1.2% on the day, and up 15.58% year-to-date. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is down 0.2% in midday trading, and up 6.00% 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 Thursday.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.2% on the day, and up 15.58% year-to-date. AES Corp., meanwhile, is up 22.62% year-to-date, and Dominion Energy Inc is up 9.15% year-to-date. Among large Healthcare stocks, Nektar Therapeutics (Symbol: NKTR) and Vertex Pharmaceuticals, Inc. (Symbol: VRTX) are the most notable, showing a gain of 8.9% and 6.6%, respectively.
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699205.0
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2019-07-31 00:00:00 UTC
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RSI Alert: Dominion Energy Now Oversold
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D
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https://www.nasdaq.com/articles/rsi-alert%3A-dominion-energy-now-oversold-2019-07-31
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Dominion Energy Inc (Symbol: D) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Dominion Energy Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of D entered into oversold territory, changing hands as low as $73.81 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Dominion Energy Inc , the RSI reading has hit 29.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 55.5. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, D's recent annualized dividend of 3.67/share (currently paid in quarterly installments) works out to an annual yield of 4.89% based upon the recent $75.03 share price.
A bullish investor could look at D's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on D is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. A bullish investor could look at D's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Dominion Energy Inc , the RSI reading has hit 29.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 55.5. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield.
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Dominion Energy Inc , the RSI reading has hit 29.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 55.5. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on D is its dividend history.
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A stock is considered to be oversold if the RSI reading falls below 30. In the case of Dominion Energy Inc , the RSI reading has hit 29.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 55.5. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield.
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699206.0
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2019-07-30 00:00:00 UTC
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Dominion Energy Earnings Preview: What D Stock Investors Can Expect
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D
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https://www.nasdaq.com/articles/dominion-energy-earnings-preview%3A-what-d-stock-investors-can-expect-2019-07-30
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nan
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nan
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Here’s a Dominion Energy earnings preview to get ready for the company’s second-quarter earnings report for 2019.
Source: Shutterstock
Dominion Energy (NYSE:) is planning to hold a conference call to cover its most recent earnings report at 10:00 ET tomorrow. The company will also be hosting a live webcast of the conference call for anyone that wants to follow along that way. If you miss the conference call, it will be available for replay starting at 2:00 P.M ET.
Let’s start off this Dominion Energy earnings preview by looking at Wall Street’s earnings per share estimate for the quarter. The average estimate is for the company to report earnings per share of 76 cents tomorrow. The low estimate from analysts is sitting at 72 cents per share. At the other end of the spectrum is a high estimate of 79 cents per share.
Moving on with the Dominion Energy earnings preview, we can talk about what to expect from its revenue in the second quarter of the year. Wall Street is expecting this to come in at $4.21 billion. The low end of revenue estimates comes in at $4.04 billion. Then there’s the high end of revenue estimates, which is $4.55 billion.
Dominion Energy is an electric and natural gas company that has its headquarters in Richmond, Va. It currently operates across 18 states and has close to 7.5 million customers.
You can for details about how to listen in on the company’s conference call tomorrow.
D stock started off up on Tuesday morning. However, D stock is now down slightly as of the afternoon.
As of this writing, William White did not hold a position in any of the aforementioned securities.
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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Source: Shutterstock Dominion Energy (NYSE:) is planning to hold a conference call to cover its most recent earnings report at 10:00 ET tomorrow. Moving on with the Dominion Energy earnings preview, we can talk about what to expect from its revenue in the second quarter of the year. Dominion Energy is an electric and natural gas company that has its headquarters in Richmond, Va.
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Here’s a Dominion Energy earnings preview to get ready for the company’s second-quarter earnings report for 2019. Let’s start off this Dominion Energy earnings preview by looking at Wall Street’s earnings per share estimate for the quarter. Moving on with the Dominion Energy earnings preview, we can talk about what to expect from its revenue in the second quarter of the year.
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Here’s a Dominion Energy earnings preview to get ready for the company’s second-quarter earnings report for 2019. Source: Shutterstock Dominion Energy (NYSE:) is planning to hold a conference call to cover its most recent earnings report at 10:00 ET tomorrow. Let’s start off this Dominion Energy earnings preview by looking at Wall Street’s earnings per share estimate for the quarter.
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Here’s a Dominion Energy earnings preview to get ready for the company’s second-quarter earnings report for 2019. Source: Shutterstock Dominion Energy (NYSE:) is planning to hold a conference call to cover its most recent earnings report at 10:00 ET tomorrow. Let’s start off this Dominion Energy earnings preview by looking at Wall Street’s earnings per share estimate for the quarter.
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699207.0
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2019-07-23 00:00:00 UTC
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XLU, DUK, D, SO: Large Outflows Detected at ETF
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D
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https://www.nasdaq.com/articles/xlu-duk-d-so%3A-large-outflows-detected-at-etf-2019-07-23
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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 $99.4 million dollar outflow -- that's a 1.0% decrease week over week (from 166,220,000 to 164,570,000). Among the largest underlying components of XLU, in trading today Duke Energy Corp (Symbol: DUK) is down about 0.2%, Dominion Energy Inc (Symbol: D) is down about 0.7%, and Southern Company (Symbol: SO) is lower by about 0.2%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $50.81 per share, with $61.38 as the 52 week high point — that compares with a last trade of $60.04. 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 $99.4 million dollar outflow -- that's a 1.0% decrease week over week (from 166,220,000 to 164,570,000). 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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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 $61.38 as the 52 week high point — that compares with a last trade of $60.04. 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 $99.4 million dollar outflow -- that's a 1.0% decrease week over week (from 166,220,000 to 164,570,000). 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 $50.81 per share, with $61.38 as the 52 week high point — that compares with a last trade of $60.04. 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 $99.4 million dollar outflow -- that's a 1.0% decrease week over week (from 166,220,000 to 164,570,000). 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 $50.81 per share, with $61.38 as the 52 week high point — that compares with a last trade of $60.04. 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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699208.0
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2019-07-22 00:00:00 UTC
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Interesting D Put And Call Options For September 20th
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D
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https://www.nasdaq.com/articles/interesting-d-put-and-call-options-for-september-20th-2019-07-22
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nan
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nan
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Investors in Dominion Energy Inc (Symbol: D) saw new options begin trading today, for the September 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the D options chain for the new September 20th contracts and identified one put and one call contract of particular interest.
The put contract at the $70.00 strike price has a current bid of 60 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $70.00, but will also collect the premium, putting the cost basis of the shares at $69.40 (before broker commissions). To an investor already interested in purchasing shares of D, that could represent an attractive alternative to paying $76.17/share today.
Because the $70.00 strike represents an approximate 8% 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 89%. 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 0.86% return on the cash commitment, or 5.21% 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 $70.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $77.50 strike price has a current bid of $1.45. If an investor was to purchase shares of D stock at the current price level of $76.17/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $77.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.65% if the stock gets called away at the September 20th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if D shares really soar, which is why looking at the trailing twelve month trading history for Dominion Energy Inc , as well as studying the business fundamentals becomes important. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red:
Considering the fact that the $77.50 strike represents an approximate 2% 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 61%. 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 1.90% boost of extra return to the investor, or 11.58% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 26%, while the implied volatility in the call contract example is 18%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $76.17) to be 17%. 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 $70.00 strike represents an approximate 8% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. Of course, a lot of upside could potentially be left on the table if D shares really soar, which is why looking at the trailing twelve month trading history for Dominion Energy Inc , as well as studying the business fundamentals becomes important. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% 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 89%. Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc , and highlighting in green where the $70.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $77.50 strike price has a current bid of $1.45. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%.
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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 $70.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $77.50 strike price has a current bid of $1.45. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% 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 September 20th contracts and identified one put and one call contract of particular interest. Should the contract expire worthless, the premium would represent a 0.86% return on the cash commitment, or 5.21% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing D's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% 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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699209.0
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2019-07-15 00:00:00 UTC
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The Utilities Select Sector SPDR Fund Experiences Big Outflow
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D
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https://www.nasdaq.com/articles/the-utilities-select-sector-spdr-fund-experiences-big-outflow-2019-07-15
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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 $87.9 million dollar outflow -- that's a 0.9% decrease week over week (from 167,670,000 to 166,220,000). Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is up about 0.1%, Duke Energy Corp (Symbol: DUK) is up about 0.6%, and Dominion Energy Inc (Symbol: D) is higher 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 $61.38 as the 52 week high point — that compares with a last trade of $60.77. 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 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 $87.9 million dollar outflow -- that's a 0.9% decrease week over week (from 167,670,000 to 166,220,000). 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 $61.38 as the 52 week high point — that compares with a last trade of $60.77. 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 $87.9 million dollar outflow -- that's a 0.9% decrease week over week (from 167,670,000 to 166,220,000). 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 $61.38 as the 52 week high point — that compares with a last trade of $60.77. 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 The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $87.9 million dollar outflow -- that's a 0.9% decrease week over week (from 167,670,000 to 166,220,000). 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 $61.38 as the 52 week high point — that compares with a last trade of $60.77. 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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699210.0
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2019-07-09 00:00:00 UTC
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This ETF Holds Stocks Insiders Want to Own
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D
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https://www.nasdaq.com/articles/this-etf-holds-stocks-insiders-want-to-own-2019-07-09
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nan
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nan
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A look at the weighted underlying holdings of the iShares Select Dividend ETF (Symbol: DVY) shows an impressive 11.0% of holdings on a weighted basis have experienced insider buying within the past six months.
Dominion Energy Inc (Symbol: D), which makes up 1.61% of the iShares Select Dividend ETF (Symbol: DVY), 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 $283,856,901 worth of D, making it the #6 largest holding. The table below details the recent insider buying activity observed at D:
D — last trade: $78.16 — 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 iShares Select Dividend ETF (Symbol: DVY) shows an impressive 11.0% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 1.61% of the iShares Select Dividend ETF (Symbol: DVY), 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: $78.16 — 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 iShares Select Dividend ETF (Symbol: DVY) shows an impressive 11.0% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 1.61% of the iShares Select Dividend ETF (Symbol: DVY), 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: $78.16 — 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 iShares Select Dividend ETF (Symbol: DVY) shows an impressive 11.0% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 1.61% of the iShares Select Dividend ETF (Symbol: DVY), 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: $78.16 — 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 iShares Select Dividend ETF (Symbol: DVY) shows an impressive 11.0% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 1.61% of the iShares Select Dividend ETF (Symbol: DVY), 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: $78.16 — 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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699211.0
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2019-07-08 00:00:00 UTC
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Monday Sector Leaders: Utilities, Energy
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D
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https://www.nasdaq.com/articles/monday-sector-leaders%3A-utilities-energy-2019-07-08
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nan
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nan
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In afternoon trading on Monday, Utilities stocks are the best performing sector, losing just 0.1%. Within the sector, Edison International (Symbol: EIX) and Dominion Energy Inc (Symbol: D) are two large stocks leading the way, showing a gain of 2.9% and 0.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.1% on the day, and up 16.34% year-to-date. Edison International, meanwhile, is up 23.97% year-to-date, and Dominion Energy Inc is up 11.76% year-to-date. Combined, EIX and D make up approximately 10.3% of the underlying holdings of XLU.
The next best performing sector is the Energy sector, losing just 0.1%. Among large Energy stocks, EOG Resources, Inc. (Symbol: EOG) and Helmerich & Payne, Inc. (Symbol: HP) are the most notable, showing a gain of 2.2% and 1.4%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 0.2% in midday trading, and up 12.16% on a year-to-date basis. EOG Resources, Inc., meanwhile, is up 4.33% year-to-date, and Helmerich & Payne, Inc. is up 8.81% year-to-date. Combined, EOG and HP make up approximately 4.9% of the underlying holdings of XLE.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, none of the sectors are up on the day, while nine sectors are down.
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 Monday, Utilities stocks are the best performing sector, losing just 0.1%. Combined, EOG and HP make up approximately 4.9% of the underlying holdings of XLE. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday.
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Within the sector, Edison International (Symbol: EIX) and Dominion Energy Inc (Symbol: D) are two large stocks leading the way, showing a gain of 2.9% and 0.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.1% on the day, and up 16.34% year-to-date. Among large Energy stocks, EOG Resources, Inc. (Symbol: EOG) and Helmerich & Payne, Inc. (Symbol: HP) are the most notable, showing a gain of 2.2% and 1.4%, 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 0.1% on the day, and up 16.34% year-to-date. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 0.2% in midday trading, and up 12.16% on a year-to-date basis. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.1% on the day, and up 16.34% year-to-date. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 0.2% in midday trading, and up 12.16% on a year-to-date basis. EOG Resources, Inc., meanwhile, is up 4.33% year-to-date, and Helmerich & Payne, Inc. is up 8.81% year-to-date.
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699212.0
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2019-07-05 00:00:00 UTC
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Noteworthy ETF Inflows: XLU, NEE, DUK, D
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-xlu-nee-duk-d-2019-07-05
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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 $470.5 million dollar inflow -- that's a 4.8% increase week over week in outstanding units (from 159,920,000 to 167,670,000). Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is down about 1.2%, Duke Energy Corp (Symbol: DUK) is down about 1.7%, and Dominion Energy Inc (Symbol: D) 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 $50.81 per share, with $61.38 as the 52 week high point — that compares with a last trade of $59.99. 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 $470.5 million dollar inflow -- that's a 4.8% increase week over week in outstanding units (from 159,920,000 to 167,670,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is down about 1.2%, Duke Energy Corp (Symbol: DUK) is down about 1.7%, and Dominion Energy Inc (Symbol: D) 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 $50.81 per share, with $61.38 as the 52 week high point — that compares with a last trade of $59.99. 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 $470.5 million dollar inflow -- that's a 4.8% increase week over week in outstanding units (from 159,920,000 to 167,670,000). 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 $61.38 as the 52 week high point — that compares with a last trade of $59.99. 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 $470.5 million dollar inflow -- that's a 4.8% increase week over week in outstanding units (from 159,920,000 to 167,670,000). 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 $61.38 as the 52 week high point — that compares with a last trade of $59.99. 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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699213.0
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2019-07-02 00:00:00 UTC
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Coal-Fired Power Plants Just Had Their Worst Month in Decades
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https://www.nasdaq.com/articles/coal-fired-power-plants-just-had-their-worst-month-in-decades-2019-07-02
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The health of America's aging fleet of coal-fired power plants continues to sink to new depths. According to the latest batch of data from the U.S. Energy Information Administration (EIA), coal-fired power plants produced just over 60,000 gigawatt-hours of electricity in April 2019, or about 20% of demand. That marked the lowest level in decades. But it wasn't the only first for the country's energy grid.
April was the first time ever that nuclear power outproduced coal. It was also the first time ever that wind, solar, and hydropower combined to outproduce output from coal-fired facilities. Together, zero-carbon power sources generated over 43% of total electricity in the United States. It's just the latest data point demonstrating the shift underway in the nation's power grid. Is your portfolio taking that into account?
Image source: Getty Images.
A little nuance goes a long way
On one hand, there are permanent forces driving the historical performance seen in April. On the other hand, moderate temperatures significantly reduce heating and cooling demand for much of the country every April, which makes it the low point of the year for electricity demand. In recent years, that's been compounded by the fact that the fourth month on the calendar is typically one of the strongest for wind power.
Power generators take advantage of -- or, in the case of wind power, are forced by -- the seasonality to perform routine maintenance at their facilities. Therefore, April data typically reflects the lowest monthly output levels for all thermal power plants, although coal is clearly on the ropes. Consider that:
American coal-fired power plants saw electricity generation in April 2019 fall 18% from the year-ago period and 26% from April 2017.
American coal-fired power plants are on pace to generate the lowest annual output of electricity since the 1970's, when the country consumed 46% less electricity.
American coal-fired power plants are expected to comprise just 24% of the nation's electricity production in 2019, down from 50% in 2005. That suggests the EIA's headline-grabbing forecast in which coal generates 22% of American electricity in 2050 is... a little optimistic.
Nuclear power plants generated a record amount of electricity in 2018, and then followed that up with their highest April output in years -- and perhaps ever. Can that continue in the face of planned reactor retirements?
Wind power surpassed 30,000 gigawatt-hours of generation in a month for the first time. It should eclipse that mark this fall on its way to becoming America's top renewable-energy source this year.
Low-cost natural gas, wind, and solar and aggressive state-mandated clean-energy plans are expected to continue sending coal-fired power plants to early retirements. That explains why the EIA expects coal consumption to drop to 602 million short tons in 2019 and just 567 million short tons in 2020 -- each marking the lowest level in over 40 years. Investors should take notice.
Prepare your portfolio
The immediate takeaway from April's data and the latest EIA outlook is that coal is going extinct in the United States. Since that's driven almost entirely by economics, power generators and electric utilities stubbornly hanging on to their coal-fired power plants might be costing ratepayers and shareholders. While geographic realities dictate power asset portfolios, that tussle is increasingly playing out between natural gas, wind, and solar -- not coal.
Dominion Energy (NYSE: D), one of the largest power generators suffering from its geographic location away from favorable onshore wind potential, is switching to natural gas and even converting some of its coal-fired power plants to run on wood pellets. That may seem a stretch, but the company's operations are close to the world's most robust pine forests and wood products industry. (Most wood pellets are manufactured from residuals, not directly from trees.)
Image source: Getty Images.
Even PPL, which operates in coal-friendly Kentucky, has announced a shift toward natural gas power plants in a bid to reduce its emissions profile. In 2016, the company leaned on coal for 85% of its generation mix, which represented 3% of the nation's total coal fleet, but current projections call for most of that to be retired in the coming decades. It's reasonable to expect economic realities will move up the timeline even earlier.
That poses a risk for coal producer Alliance Resource Partners (NASDAQ: ARLP), which generates 10% of total revenue from PPL subsidiaries. The coal miner reported record production of 40.4 million short tons of coal last year -- while consumption in the United States dropped to a 39-year low -- but the business has increasingly relied on exports in recent years. Whether or not international markets can stave off predictions for sharply declining operations, investors might only need to consider that shares have lost 39% of their value with dividends included in the past five years. That's a 100% difference from the total return of the S&P 500 in that span.
A reduced appetite for coal could present opportunities for NextEra Energy (NYSE: NEE). The company's subsidiary, NextEra Energy Resources (NEER), is the largest power generator in the United States. It builds, owns, operates, and sells power generation assets across the country. In addition to owning 17,000 megawatts of renewable energy assets today, it boasts a backlog comprising over 29,000 megawatts of wind and solar. As more and more companies retire their coal fleets, they'll increasingly tap NEER to replace the lost output with newer, cleaner, and lower-cost facilities.
Don't get caught off guard
April's power generation data reflects both seasonal realities and irreversible trends such as the fall of coal and the rise of renewables. The numbers show that American electric grids are transitioning to a lower-carbon future, and perhaps sooner than many projections currently expect. Investors with a long-term mindset shouldn't get caught off guard by the risks and opportunities the shift is creating.
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Maxx Chatsko has no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy 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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According to the latest batch of data from the U.S. Energy Information Administration (EIA), coal-fired power plants produced just over 60,000 gigawatt-hours of electricity in April 2019, or about 20% of demand. Low-cost natural gas, wind, and solar and aggressive state-mandated clean-energy plans are expected to continue sending coal-fired power plants to early retirements. Don't get caught off guard April's power generation data reflects both seasonal realities and irreversible trends such as the fall of coal and the rise of renewables.
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That explains why the EIA expects coal consumption to drop to 602 million short tons in 2019 and just 567 million short tons in 2020 -- each marking the lowest level in over 40 years. The company's subsidiary, NextEra Energy Resources (NEER), is the largest power generator in the United States. Don't get caught off guard April's power generation data reflects both seasonal realities and irreversible trends such as the fall of coal and the rise of renewables.
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Consider that: American coal-fired power plants saw electricity generation in April 2019 fall 18% from the year-ago period and 26% from April 2017. American coal-fired power plants are on pace to generate the lowest annual output of electricity since the 1970's, when the country consumed 46% less electricity. Dominion Energy (NYSE: D), one of the largest power generators suffering from its geographic location away from favorable onshore wind potential, is switching to natural gas and even converting some of its coal-fired power plants to run on wood pellets.
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Together, zero-carbon power sources generated over 43% of total electricity in the United States. American coal-fired power plants are on pace to generate the lowest annual output of electricity since the 1970's, when the country consumed 46% less electricity. American coal-fired power plants are expected to comprise just 24% of the nation's electricity production in 2019, down from 50% in 2005.
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699214.0
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2019-06-27 00:00:00 UTC
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Energy Sector Update for 06/27/2019: IMO, EC, GTE, D, QEP, XOM, CVX, COP, SLB, OXY
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https://www.nasdaq.com/articles/energy-sector-update-for-06-27-2019%3A-imo-ec-gte-d-qep-xom-cvx-cop-slb-oxy-2019-06-27
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Top Energy Stocks:
XOM: +0.12%
CVX: +0.01%
COP: -0.21%
SLB: +0.08%
OXY: -0.04%
Energy giants were mixed in pre-market trading Thursday.
West Texas Intermediate crude oil for August delivery was down $0.35 at $59.03 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude August contract lost $0.36 to $66.13 per barrel and August natural gas futures were two cents higher at $2.29 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was down 0.2%, while the United States Natural Gas fund was 0.5% higher.
In other sector news:
Imperial Oil (IMO) reported late Wednesday upstream production of 389,000 barrels of oil equivalent per day for the year-to-date through May.
Ecopetrol (EC), its subsidiary Hocol SA, and Gran Tierra Energy (GTE) are among six energy companies that won at least one oil contract in an auction recently conducted by Colombia's hydrocarbons agency.
Dominion Energy (D) and its partner developers for the Atlantic Coast pipeline were joined by US Solicitor General Noel Francisco on Wednesday in launching an appeal to the US Supreme Court to preserve permits for the long-delayed natural gas project to cross the Appalachian Trail in Virginia.
Elliot Management is in advanced talks to acquire natural gas exploration and production company QEP Resources (QEP), Bloomberg News reported.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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West Texas Intermediate crude oil for August delivery was down $0.35 at $59.03 per barrel at the New York Mercantile Exchange. Ecopetrol (EC), its subsidiary Hocol SA, and Gran Tierra Energy (GTE) are among six energy companies that won at least one oil contract in an auction recently conducted by Colombia's hydrocarbons agency. Dominion Energy (D) and its partner developers for the Atlantic Coast pipeline were joined by US Solicitor General Noel Francisco on Wednesday in launching an appeal to the US Supreme Court to preserve permits for the long-delayed natural gas project to cross the Appalachian Trail in Virginia.
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The global benchmark Brent crude August contract lost $0.36 to $66.13 per barrel and August natural gas futures were two cents higher at $2.29 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was down 0.2%, while the United States Natural Gas fund was 0.5% higher. Elliot Management is in advanced talks to acquire natural gas exploration and production company QEP Resources (QEP), Bloomberg News reported.
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The global benchmark Brent crude August contract lost $0.36 to $66.13 per barrel and August natural gas futures were two cents higher at $2.29 per 1 million BTU. Ecopetrol (EC), its subsidiary Hocol SA, and Gran Tierra Energy (GTE) are among six energy companies that won at least one oil contract in an auction recently conducted by Colombia's hydrocarbons agency. Dominion Energy (D) and its partner developers for the Atlantic Coast pipeline were joined by US Solicitor General Noel Francisco on Wednesday in launching an appeal to the US Supreme Court to preserve permits for the long-delayed natural gas project to cross the Appalachian Trail in Virginia.
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Energy giants were mixed in pre-market trading Thursday. West Texas Intermediate crude oil for August delivery was down $0.35 at $59.03 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude August contract lost $0.36 to $66.13 per barrel and August natural gas futures were two cents higher at $2.29 per 1 million BTU.
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699215.0
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2019-06-24 00:00:00 UTC
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August 16th Options Now Available For Dominion Energy (D)
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https://www.nasdaq.com/articles/august-16th-options-now-available-for-dominion-energy-d-2019-06-24
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Investors in Dominion Energy Inc (Symbol: D) saw new options begin trading today, for the August 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the D options chain for the new August 16th contracts and identified one put and one call contract of particular interest.
The put contract at the $77.50 strike price has a current bid of $1.65. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $77.50, but will also collect the premium, putting the cost basis of the shares at $75.85 (before broker commissions). To an investor already interested in purchasing shares of D, that could represent an attractive alternative to paying $78.63/share today.
Because the $77.50 strike represents an approximate 1% 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 58%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.13% return on the cash commitment, or 14.66% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc , and highlighting in green where the $77.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $1.65. If an investor was to purchase shares of D stock at the current price level of $78.63/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $80.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.84% if the stock gets called away at the August 16th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if D shares really soar, which is why looking at the trailing twelve month trading history for Dominion Energy Inc , as well as studying the business fundamentals becomes important. Below is a chart showing D's trailing twelve month trading history, with the $80.00 strike highlighted in red:
Considering the fact that the $80.00 strike represents an approximate 2% 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 61%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.10% boost of extra return to the investor, or 14.45% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 20%, while the implied volatility in the call contract example is 19%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $78.63) to be 17%. 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 $77.50 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. Of course, a lot of upside could potentially be left on the table if D shares really soar, which is why looking at the trailing twelve month trading history for Dominion Energy Inc , as well as studying the business fundamentals becomes important. Below is a chart showing D's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 2% 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 58%. Below is a chart showing the trailing twelve month trading history for Dominion Energy Inc , and highlighting in green where the $77.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $1.65. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%.
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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 $77.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $1.65. Below is a chart showing D's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 2% 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 August 16th contracts and identified one put and one call contract of particular interest. Should the contract expire worthless, the premium would represent a 2.13% return on the cash commitment, or 14.66% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing D's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 2% 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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699216.0
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2019-06-12 00:00:00 UTC
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7 Dividend Stocks That Are Worth Your Money
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https://www.nasdaq.com/articles/7-dividend-stocks-that-are-worth-your-money-2019-06-12
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Editor’s note: This story was previously published in May 2019. It has been edited and republished.
No matter where we are in the investing cycle, dividend stocks never go out of style. However, it’s during times of unpredictability that investors seek out . But despite, there are other dividend stocks out there that are still worth checking out despite not being in this exclusive club.
Regardless of the dividend stock’s status, investors must consider the following when looking at good dividend stocks to buy: Investors should select a company that has a history of steady increases in dividend distributions, has growing cash flow every year and is still trading a discount or up to fair value.
With that in mind, here are the seven dividend stocks that are worth your money:
Ford (F)
Starting with one of the most cyclical but most dependable in dividend income on this list, Ford (NYSE:) offers a dividend yielding 5.8%.
Source: Shutterstock
The selling pressure Ford stock saw near the tail-end of 2018 has been replaced by a bit more optimism in 2019still, a U.S.-led trade war is hurting the stock.
But the company’s quarterly earnings report offered no evidence that business was so bad the stock deserved to fall. Instead, Ford reported a and revenue beat of 29 cents (non-GAAP) and $40.3 billion, respectively.
The economic cycle may hurt auto sales, but Ford is ready to take on the challenging environment. It benefited from a strong product mix in North America. It may even issue a special dividend if truck and SUV sales exceed estimates in 2019.
Philip Morris International (PM)
Philip Morris International (NYSE:) has a dividend yielding 5.84%.
Source: Shutterstock
Rumors that the U.S. Food and Drug Administration plans to impose restrictions on e-cigarette sales hurt PM’s stock price slightly. Still, it is holding up better than other cigarette suppliers, which is why it’s one of the solid dividend stocks to buy.
Philip Morris is adapting to the change in smoking habits. It continues to invest in its IQOS device, which has helped the company significantly in the longer term. IQOS 2 launched at the end of 2018 in . By offering an alternative to cigarette smoking as consumers embrace the heated tobacco system, this company will bring in revenue growth quarter-after-quarter.
And with that trend playing out, management may reward its loyal investors by increasing its dividends in the years ahead.
Dominion Energy (D)
Dominion Energy (NYSE:) has a dividend yield of 4.97%. The stock rallied from $61.53 and closed recently around $74.
Source: Shutterstock
The company’s stock has started to rise out of its 2019 range, but it still has some legroom to run. Dominion Energy earned $1.15 a share and $3.16 so far for the nine months of the year. Power generation, power delivery and gas infrastructure revenue all came within the guidance range midpoint.
Income investors may look forward to the completion of the SCANA merger later this year, as Dominion’s business plan includes a diverse growth capital investment program that will spread its business risks.
Ultimately, this is one of the dividend stocks to buy because, when you consider that it is starting a variety of businesses, it has an improved risk profile, strong earnings results.
Chevron (CVX)
Chevron (NYSE:) is a major integrated oil and gas firm. At a yield just shy of 4%, consistency is what makes this one of the best dividend stocks to buy.
Source:
Chevron’s upstream operations found a boost at the end of 2018 going into 2019, earning 828 million — a vast improvement from a loss of $26 million last year. The unit benefited from crude oil prices moving higher, while the company increased production.
Chevron stock is really closely tied to the price of oil, which has been volatile for the last five years, but the dividend is so reliable as to make that a non-issue.
Iron Mountain (IRM)
At 7.1%, Iron Mountain Incorporated (NYSE:) offers one of the highest dividend yields on this list of dividend stocks to buy.
Source: Shutterstock
In its Q1 report, revenue rose 5%, year over year while adjusted EBITDA slid 6%. Iron Mountain benefited from rental revenue growing 2.6% so far this year. Internal service revenue growth of 1.8% is due to grow in the shred business, digitization and special projects.
Markets often question the sustainability of Iron Mountain’s dividend, but the NOI CAGR of 3.1% for Physical Storage, plus its expansion in emerging markets and data center, suggests the company will grow EBITDA through the end of 2020. If business keeps up at this strong pace, the share price will go up, lowering the dividend yield. But management may just hike the dividend in the future to keep its yield attractive while rewarding its shareholders.
The takeaway here is that Iron Mountain is in the process of shifting its business into new segments. It has time to make the conversion because its borrowing was at a fixed-rate, averaging 4.8%.
BCE Inc (BCE)
Telecom giant BCE Inc (NYSE:) is a Canadian firm whose dividend yields 5.04%.
Source:
Bell allayed fears of any business weakness when it reported a good first-quarter report. It added a little more than 3% to its customer base when compared with Q1 2018. This added more than 2% in revenue growth and 6.9% higher adjusted EBITDA.
In 2019, BCE will cut 4% of its management staff (700 positions). The capital intensity ratio will fall along with total cash pension funding. In effect, the cost controls will keep profit margins strong while the firm continues to pay out a dividend to shareholders.
Sure, investors could consider AT&T (NYSE:) as an alternative, especially given that the dividend is north of 6%. But since BCE is a pure play in wireless and internet markets, with little exposure to content other than its CTV unit, it has a distinct advantage depending on your investment approach. And for that reason, I chose BCE instead.
BP (BP)
BP (NYSE:) already has added about 10% to its stock price this year and its dividend yields 5.81%.
Source: Shutterstock
While BP had a rocky 2018, 2019 has seen a little less volatility, given that this is an oil stock. This is because the company is well-prepared for an even bigger drop in oil prices. Over the years, it shed non-core assets, strengthened its balance sheet and continued paying a dividend despite the fluctuations in oil prices. Its underlying cash flow inflow is balanced with the outflow of organic capital expenditure and dividends. Should cash flow fall due to lower oil prices, BP may sustain its dividend but lower spending.
To keep growing in the future, BP has five major projects currently in operation: Thunder Horse Northwest Expansion, Western Flank B, Atoll, Taas Expansion and Shah Deniz 2.
BP’s outlook is bright. It is shedding over $3 billion in assets and spending ~ $15 billion in capital expenditure in 2018. In the upcoming fourth quarter, it forecasts higher production from upstream. Downstream will benefit from higher levels of a turnaround thanks to its Whiting refinery in the U.S.
Will oil prices keep falling? No one knows, but BP is prepared.
As of this writing, Chris Lau owned shares of F and BP.
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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Source: Shutterstock Rumors that the U.S. Food and Drug Administration plans to impose restrictions on e-cigarette sales hurt PM’s stock price slightly. By offering an alternative to cigarette smoking as consumers embrace the heated tobacco system, this company will bring in revenue growth quarter-after-quarter. But since BCE is a pure play in wireless and internet markets, with little exposure to content other than its CTV unit, it has a distinct advantage depending on your investment approach.
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With that in mind, here are the seven dividend stocks that are worth your money: Ford (F) Starting with one of the most cyclical but most dependable in dividend income on this list, Ford (NYSE:) offers a dividend yielding 5.8%. Philip Morris International (PM) Philip Morris International (NYSE:) has a dividend yielding 5.84%. Should cash flow fall due to lower oil prices, BP may sustain its dividend but lower spending.
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Regardless of the dividend stock’s status, investors must consider the following when looking at good dividend stocks to buy: Investors should select a company that has a history of steady increases in dividend distributions, has growing cash flow every year and is still trading a discount or up to fair value. With that in mind, here are the seven dividend stocks that are worth your money: Ford (F) Starting with one of the most cyclical but most dependable in dividend income on this list, Ford (NYSE:) offers a dividend yielding 5.8%. Iron Mountain (IRM) At 7.1%, Iron Mountain Incorporated (NYSE:) offers one of the highest dividend yields on this list of dividend stocks to buy.
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With that in mind, here are the seven dividend stocks that are worth your money: Ford (F) Starting with one of the most cyclical but most dependable in dividend income on this list, Ford (NYSE:) offers a dividend yielding 5.8%. Chevron stock is really closely tied to the price of oil, which has been volatile for the last five years, but the dividend is so reliable as to make that a non-issue. BP (NYSE:) already has added about 10% to its stock price this year and its dividend yields 5.81%.
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699217.0
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2019-06-11 00:00:00 UTC
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Tuesday Sector Laggards: Utilities, Industrial
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D
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https://www.nasdaq.com/articles/tuesday-sector-laggards%3A-utilities-industrial-2019-06-11
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nan
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nan
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Looking at the sectors faring worst as of midday Tuesday, shares of Utilities companies are underperforming other sectors, showing a 0.6% loss. Within that group, Dominion Energy Inc (Symbol: D) and Evergy Inc (Symbol: EVRG) are two large stocks that are lagging, showing a loss of 1.6% and 1.3%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.6% on the day, and up 12.91% year-to-date. Dominion Energy Inc , meanwhile, is up 6.45% year-to-date, and Evergy Inc is up 5.66% year-to-date. Combined, D and EVRG make up approximately 9.3% of the underlying holdings of XLU.
The next worst performing sector is the Industrial sector, showing a 0.5% loss. Among large Industrial stocks, Raytheon Co. (Symbol: RTN) and L3 Technologies Inc (Symbol: LLL) are the most notable, showing a loss of 4.3% and 4.0%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.6% in midday trading, and up 17.63% on a year-to-date basis. Raytheon Co., meanwhile, is up 17.96% year-to-date, and L3 Technologies Inc is up 41.69% year-to-date. Combined, RTN and LLL make up approximately 3.3% of the underlying holdings of XLI.
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 Tuesday. As you can see, six sectors are up on the day, while three 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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Combined, D and EVRG make up approximately 9.3% of the underlying holdings of XLU. Combined, RTN and LLL make up approximately 3.3% of the underlying holdings of XLI. 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 Tuesday.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.6% on the day, and up 12.91% year-to-date. Among large Industrial stocks, Raytheon Co. (Symbol: RTN) and L3 Technologies Inc (Symbol: LLL) are the most notable, showing a loss of 4.3% and 4.0%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.6% in midday trading, and up 17.63% 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 0.6% on the day, and up 12.91% year-to-date. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.6% in midday trading, and up 17.63% 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 Tuesday.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is down 0.6% on the day, and up 12.91% year-to-date. The next worst performing sector is the Industrial sector, showing a 0.5% loss. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.6% in midday trading, and up 17.63% on a year-to-date basis.
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699218.0
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2019-06-04 00:00:00 UTC
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Ex-Dividend Reminder: Public Service Enterprise Group, Dominion Energy and Baxter International
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D
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-public-service-enterprise-group-dominion-energy-and-baxter
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 6/6/19, Public Service Enterprise Group Inc (Symbol: PEG), Dominion Energy Inc (Symbol: D), and Baxter International Inc (Symbol: BAX) will all trade ex-dividend for their respective upcoming dividends. Public Service Enterprise Group Inc will pay its quarterly dividend of $0.47 on 6/28/19, Dominion Energy Inc will pay its quarterly dividend of $0.9175 on 6/20/19, and Baxter International Inc will pay its quarterly dividend of $0.22 on 7/1/19. As a percentage of PEG's recent stock price of $59.35, this dividend works out to approximately 0.79%, so look for shares of Public Service Enterprise Group Inc to trade 0.79% lower — all else being equal — when PEG shares open for trading on 6/6/19. Similarly, investors should look for D to open 1.21% lower in price and for BAX to open 0.29% lower, all else being equal.
Below are dividend history charts for PEG, D, and BAX, showing historical dividends prior to the most recent ones declared.
Public Service Enterprise Group Inc (Symbol: PEG):
Dominion Energy Inc (Symbol: D):
Baxter International Inc (Symbol: BAX):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.17% for Public Service Enterprise Group Inc, 4.85% for Dominion Energy Inc , and 1.17% for Baxter International Inc.
In Tuesday trading, Public Service Enterprise Group Inc shares are currently trading flat, Dominion Energy Inc shares are off about 0.4%, and Baxter International Inc shares are up about 1.3% 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 PEG's recent stock price of $59.35, this dividend works out to approximately 0.79%, so look for shares of Public Service Enterprise Group Inc to trade 0.79% lower — all else being equal — when PEG shares open for trading on 6/6/19. 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 3.17% for Public Service Enterprise Group Inc, 4.85% for Dominion Energy Inc , and 1.17% for Baxter International Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/6/19, Public Service Enterprise Group Inc (Symbol: PEG), Dominion Energy Inc (Symbol: D), and Baxter International Inc (Symbol: BAX) will all trade ex-dividend for their respective upcoming dividends. Public Service Enterprise Group Inc will pay its quarterly dividend of $0.47 on 6/28/19, Dominion Energy Inc will pay its quarterly dividend of $0.9175 on 6/20/19, and Baxter International Inc will pay its quarterly dividend of $0.22 on 7/1/19. Public Service Enterprise Group Inc (Symbol: PEG): Dominion Energy Inc (Symbol: D): Baxter International Inc (Symbol: BAX): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/6/19, Public Service Enterprise Group Inc (Symbol: PEG), Dominion Energy Inc (Symbol: D), and Baxter International Inc (Symbol: BAX) will all trade ex-dividend for their respective upcoming dividends. Public Service Enterprise Group Inc will pay its quarterly dividend of $0.47 on 6/28/19, Dominion Energy Inc will pay its quarterly dividend of $0.9175 on 6/20/19, and Baxter International Inc will pay its quarterly dividend of $0.22 on 7/1/19. Public Service Enterprise Group Inc (Symbol: PEG): Dominion Energy Inc (Symbol: D): Baxter International Inc (Symbol: BAX): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/6/19, Public Service Enterprise Group Inc (Symbol: PEG), Dominion Energy Inc (Symbol: D), and Baxter International Inc (Symbol: BAX) will all trade ex-dividend for their respective upcoming dividends. As a percentage of PEG's recent stock price of $59.35, this dividend works out to approximately 0.79%, so look for shares of Public Service Enterprise Group Inc to trade 0.79% lower — all else being equal — when PEG shares open for trading on 6/6/19. If they do continue, the current estimated yields on annualized basis would be 3.17% for Public Service Enterprise Group Inc, 4.85% for Dominion Energy Inc , and 1.17% for Baxter International Inc.
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699219.0
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2019-06-03 00:00:00 UTC
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Insiders Bullish on Certain Holdings of MOAT
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D
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https://www.nasdaq.com/articles/insiders-bullish-certain-holdings-moat-2019-06-03
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nan
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nan
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A look at the weighted underlying holdings of the Morningstar Wide Moat ETF (MOAT) shows an impressive 13.0% of holdings on a weighted basis have experienced insider buying within the past six months.
Dominion Energy Inc (Symbol: D), which makes up 2.32% of the Morningstar Wide Moat ETF (MOAT), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $50,362,110 worth of D, making it the #23 largest holding. The table below details the recent insider buying activity observed at D:
D — last trade: $75.18 — Recent Insider Buys:
And Hershey Company (Symbol: HSY), the #35 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 $31,819,189 worth of HSY, which represents approximately 1.47% of the ETF's total assets at last check. The recent insider buying activity observed at HSY is detailed in the table below:
HSY — last trade: $131.96 — 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 13.0% of holdings on a weighted basis have experienced insider buying within the past six months. Dominion Energy Inc (Symbol: D), which makes up 2.32% of the Morningstar Wide Moat ETF (MOAT), has seen 3 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: $75.18 — Recent Insider Buys: And Hershey Company (Symbol: HSY), the #35 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 13.0% 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: $75.18 — Recent Insider Buys: And Hershey Company (Symbol: HSY), the #35 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 HSY is detailed in the table below: HSY — last trade: $131.96 — 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 13.0% 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: $75.18 — Recent Insider Buys: And Hershey Company (Symbol: HSY), the #35 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 HSY is detailed in the table below: HSY — last trade: $131.96 — 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 2.32% of the Morningstar Wide Moat ETF (MOAT), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $50,362,110 worth of D, making it the #23 largest holding. The table below details the recent insider buying activity observed at D: D — last trade: $75.18 — Recent Insider Buys: And Hershey Company (Symbol: HSY), the #35 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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699220.0
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2019-06-02 00:00:00 UTC
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America's Renewable Energy Future Isn't Evenly Distributed
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D
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https://www.nasdaq.com/articles/americas-renewable-energy-future-isnt-evenly-distributed-2019-06-02
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nan
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nan
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The United States generated close to 10% of its total electricity from wind and solar in 2018. The share of modern renewables in the nation's power mix is expected to grow to 13% by 2020 and could reach 30% by 2030. The impressive growth can be attributed to a combination of technological improvements, cost declines, and state policies. But the growth hasn't been evenly distributed.
Thirty-eight percent of America's solar power capacity is installed in California. One-quarter of the country's wind power capacity is spinning in Texas, while 66% is contained within the 11 states in the American Wind Corridor, which runs roughly down the center of the Lower 48. There's a 360,000-square-mile swath of the Southeast, spanning seven whole states, that isn't home to a single wind turbine. And the Eastern Seaboard is furiously building natural-gas pipelines and power plants -- even converting coal-fired power plants to run on gas.
Put another way, wind and solar power potential is heavily influenced by geography, which means national averages can be a little misleading. That's something individual investors have to take into account when crafting a clean-energy investing strategy.
Image source: Getty Images.
Geography matters. Invest accordingly.
A thermal power plant would deliver roughly the same output if it were built in Texas or New York. The same would not be true for two identical solar or wind farms. That affects everything from the price of electricity to the ambitions of state policies. It's why sun-soaked California can mandate that 100% of its electricity come from renewable sources by 2045 without much trouble, while cloud-covered Pennsylvania will be much more dependent on nuclear power for clean energy.
Generally speaking, the West Coast benefits from bountiful solar, the Midwest thrives from wind-swept plains, and the Eastern Seaboard is praying that offshore wind can help to mitigate its reliance on cheap natural gas. The regional differences in renewable power potential are clearly evident when considering the generation portfolios of NextEra Energy (NYSE: NEE), Xcel Energy (NASDAQ: XEL), and Dominion Energy (NYSE: D).
NextEra Energy produces more electricity from wind and solar than any other company in the world thanks to its power-generation subsidiary NextEra Energy Resources (NEER), which operates 17,000 megawatts of renewable power assets across the country. The company's massive project pipeline highlights how it plans to use geography to its advantage when decarbonizing the nation's regional electric grids.
Data source: Investor presentation.
The long-term pipeline really highlights the poor renewable energy potential of the mid-Atlantic states and the stale air of the Southeast. The latter has actually created a headache for NextEra Energy and its main utility subsidiary, Florida Power & Light (FPL).
Despite being called the Sunshine State, Florida relies on natural gas for 73% of its generation mix, partly due to its lack of wind potential. That led to an outcry from climate-conscious investors that likely tipped the utility's hand to announce an ambitious solar power strategy in which it plans to install 30 million solar panels in the state by 2030 -- representing more installed solar capacity than the entire state boasts today. To be fair, the state's high humidity and salty air corrodes solar panels faster than usual, which also corrodes the economics of the power source, but FPL is determined to find solutions.
Xcel Energy shouldn't have to worry about that problem. The company benefits from owning four electric utilities covering states in the salt-free American Wind Corridor. It's on track to lean on wind and solar for 45% of its power mix by 2027. In fact, it's the only utility in the country to have publicly committed to generating 100% of its electricity from zero-carbon sources by 2050.
What's most impressive about that ambitious goal is the company's confidence it can jettison low-cost natural gas from its portfolio, although that's heavily influenced by geography and intelligent state policies, as its operational territories boast some of the cheapest wind and solar electricity prices in the country.
Image source: Getty Images.
Dominion Power won't have it so easy. The mid-Atlantic power generator relies on natural gas and coal for 52% of its electricity mix, while renewables contribute just 4%. While the company has come under scrutiny for not being ambitious enough with its long-term plans for clean energy, geography plays a major role in its investing decisions. That means investors can expect natural gas and nuclear power (responsible for the remaining 43% of its power mix) to hold down the portfolio for the foreseeable future, although the company has one trick up its sleeve: offshore wind power.
The United States has just 30 megawatts of offshore wind power capacity operating today, but boasts nearly 24,000 megawatts of projects in planning or development. Nearly all of those dot the Eastern Seaboard, including a potential 2,000-megawatt project being considered by Dominion Energy. If the economics work out from a pilot-stage test phase, then the company could put the massive wind farm into service by 2030.
Your portfolio can't fight geography
Investors eager to add renewable energy growth stocks to their portfolio will have to take into account the regional differences in wind and solar potential from sea to shining sea, especially if more ambitious climate change regulations are handed down by state and federal authorities in the near future. NextEra Energy offers the most complete one-stop shop thanks to its power generation subsidiary, while Xcel Energy's concentrated assets in the American Wind Corridor should help it transition to 100% zero-carbon electricity with relative ease. Dominion Energy and its mid-Atlantic peers won't have it so easy, but it's a stock to watch in offshore wind power, which might represent a significant part of the company's future.
10 stocks we like better than NextEra Energy
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and NextEra 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 March 1, 2019
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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Generally speaking, the West Coast benefits from bountiful solar, the Midwest thrives from wind-swept plains, and the Eastern Seaboard is praying that offshore wind can help to mitigate its reliance on cheap natural gas. What's most impressive about that ambitious goal is the company's confidence it can jettison low-cost natural gas from its portfolio, although that's heavily influenced by geography and intelligent state policies, as its operational territories boast some of the cheapest wind and solar electricity prices in the country. Dominion Energy and its mid-Atlantic peers won't have it so easy, but it's a stock to watch in offshore wind power, which might represent a significant part of the company's future.
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The regional differences in renewable power potential are clearly evident when considering the generation portfolios of NextEra Energy (NYSE: NEE), Xcel Energy (NASDAQ: XEL), and Dominion Energy (NYSE: D). That led to an outcry from climate-conscious investors that likely tipped the utility's hand to announce an ambitious solar power strategy in which it plans to install 30 million solar panels in the state by 2030 -- representing more installed solar capacity than the entire state boasts today. The United States has just 30 megawatts of offshore wind power capacity operating today, but boasts nearly 24,000 megawatts of projects in planning or development.
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The regional differences in renewable power potential are clearly evident when considering the generation portfolios of NextEra Energy (NYSE: NEE), Xcel Energy (NASDAQ: XEL), and Dominion Energy (NYSE: D). NextEra Energy produces more electricity from wind and solar than any other company in the world thanks to its power-generation subsidiary NextEra Energy Resources (NEER), which operates 17,000 megawatts of renewable power assets across the country. Your portfolio can't fight geography Investors eager to add renewable energy growth stocks to their portfolio will have to take into account the regional differences in wind and solar potential from sea to shining sea, especially if more ambitious climate change regulations are handed down by state and federal authorities in the near future.
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What's most impressive about that ambitious goal is the company's confidence it can jettison low-cost natural gas from its portfolio, although that's heavily influenced by geography and intelligent state policies, as its operational territories boast some of the cheapest wind and solar electricity prices in the country. NextEra Energy offers the most complete one-stop shop thanks to its power generation subsidiary, while Xcel Energy's concentrated assets in the American Wind Corridor should help it transition to 100% zero-carbon electricity with relative ease. The Motley Fool recommends Dominion Energy, Inc and NextEra Energy.
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699221.0
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2019-05-26 00:00:00 UTC
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Dominion Energy Is Putting the Brakes on Dividend Growth
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D
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https://www.nasdaq.com/articles/dominion-energy-putting-brakes-dividend-growth-2019-05-26
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nan
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nan
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Dominion Energy (NYSE: D) is one of the largest utilities in the United States. Its generous 4.7% yield sits at the high end of the utility yield spectrum and well above the average yield of around 3%, as measured by the Vanguard Utilities ETF. But there's a big change taking shape on the dividend front at Dominion Energy that income investors need to know about, and it's important to understand why the company has made this tough dividend call.
A great record
Dominion Energy has increased its dividend annually for 16 consecutive years. Before you go any further, know that it has no intention of breaking that streak. Dividend growth over the past decade has averaged just under 8% a year. More recently, dividend growth has been roughly 10%.
Image source: Getty Images.
That level of growth is over. Dominion is projecting that dividend growth will slow to around 2.5% in 2020 and remain at that level for at least a few years. To be fair, that's enough to keep up with the recent low rate of inflation growth. As long as inflation doesn't tick up to the historical average (closer to 3%) or higher, the buying power of Dominion's dividend will continue to expand over time. And with such a high yield relative to peers, it's hard to complain too much if you're looking to generate as much income as possible from your portfolio today.
But you can't step in here, or stick around if you already own Dominion's stock, without asking: "Why the sudden deceleration in the dividend?" The answer isn't great, but it's not exactly bad, either.
Fixing a disconnect
Dominion has been shifting gears for a number of years, moving its business more and more toward assets with regulated businesses or fee-based structures. There has been a lot of movement in the portfolio, including asset sales and acquisitions. In fact, 2018 and 2019 were pretty active years, with Dominion buying smaller, financially troubled utility SCANA and acquiring its controlled midstream partnership (both were agreed to last year, but completed in 2019).
At this point, in addition to a relatively high yield, Dominion also has relatively high leverage compared to peers. With debt to EBITDA of around 6.4 times at the end of the first quarter, it easily sits at the top end of the industry. That alone is something to worry about, but now add in the fact that Dominion's payout ratio has increased from the 70% range as recently as 2016 to what's expected to be nearly 90% in 2019. The average for the utility space, meanwhile, is roughly 70%.
Leverage Is an Issue for Dominion Energy
D Financial Debt to EBITDA (TTM) data by YCharts.
Dominion is basically slowing its dividend growth to around 2.5% to create some financial breathing room (it wants to maintain its investment-grade credit rating) and bring the payout ratio back down into the 70% range. The latter target will take a few years to achieve, since dividend growth is expected to be roughly half the company's projected 5% earnings growth rate. Note that the utility has $26 billion in capital growth plans between 2019 and 2023 to back that growth, so 5% looks like a reasonable projection. However, pushing the dividend up by half that amount means getting to the 70% range will be a slow and steady process -- not an overnight success. (Getting this done overnight would mean a dividend cut, and investors generally prefer to avoid those.)
In the end, Dominion is slowing dividend growth to ensure it remains a great income stock. Relatively high leverage combined with a high -- and still expanding -- payout ratio is a recipe for a dividend cut if something doesn't change. Management is proactively changing the dividend growth rate now so it can ensure income investors, who have come to rely on the utility's hefty yield, won't be disappointed later.
Not great news, but not bad
For investors who own Dominion specifically because of the swift dividend growth in recent years, the dividend growth slowdown means you need to reassess your investment. A different company with a higher growth rate, such as NextEra Energy, might be a better choice today. That said, for those interested in maximizing the income they generate from their portfolios, Dominion remains a solid option. The high yield, slow and steady growth projections (for dividends and earnings), and clear goal of solidifying its ability to pay dividends by lowering its payout ratio should be seen as long-term positives.
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.
See the 10 stocks
*Stock Advisor returns as of March 1, 2019
Reuben Gregg Brewer owns shares of Dominion Energy, Inc. 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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As long as inflation doesn't tick up to the historical average (closer to 3%) or higher, the buying power of Dominion's dividend will continue to expand over time. Dominion is basically slowing its dividend growth to around 2.5% to create some financial breathing room (it wants to maintain its investment-grade credit rating) and bring the payout ratio back down into the 70% range. Management is proactively changing the dividend growth rate now so it can ensure income investors, who have come to rely on the utility's hefty yield, won't be disappointed later.
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The latter target will take a few years to achieve, since dividend growth is expected to be roughly half the company's projected 5% earnings growth rate. In the end, Dominion is slowing dividend growth to ensure it remains a great income stock. The high yield, slow and steady growth projections (for dividends and earnings), and clear goal of solidifying its ability to pay dividends by lowering its payout ratio should be seen as long-term positives.
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In the end, Dominion is slowing dividend growth to ensure it remains a great income stock. Not great news, but not bad For investors who own Dominion specifically because of the swift dividend growth in recent years, the dividend growth slowdown means you need to reassess your investment. The high yield, slow and steady growth projections (for dividends and earnings), and clear goal of solidifying its ability to pay dividends by lowering its payout ratio should be seen as long-term positives.
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Dominion is projecting that dividend growth will slow to around 2.5% in 2020 and remain at that level for at least a few years. The latter target will take a few years to achieve, since dividend growth is expected to be roughly half the company's projected 5% earnings growth rate. In the end, Dominion is slowing dividend growth to ensure it remains a great income stock.
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