|Bid||83.11 x 800|
|Ask||84.74 x 800|
|Day's range||82.59 - 85.07|
|52-week range||57.79 - 90.89|
|Beta (5Y monthly)||0.41|
|PE ratio (TTM)||40.77|
|Earnings date||05 May 2020|
|Forward dividend & yield||3.76 (4.49%)|
|Ex-dividend date||04 Jun 2020|
|1y target est||86.36|
The first-quarter performance of America's dirtiest power source was the worst in decades, but there are opportunities in coal's demise.
Dominion Energy (D) can be a good choice for your portfolio given its long-term investment plan and renewable focus. But delay in completion of the Atlantic Coast Pipeline a concern.
(Bloomberg) -- WEC Energy Group Inc. and OGE Energy Corp. may face the utility industry’s steepest hits to earnings as unpaid customer bills pile up, according to a research report.The Milwaukee-based utility’s pre-tax income may slide as much as 3.7%, Hugh Wynne and Eric Selmon, analysts with the investment research company SSR LLC, wrote Monday. They warn that the economic fallout from the coronavirus pandemic may drive uncollected electric and natural gas bills to the highest in two decades.Other utilities that may face a significant drag on earnings include Oklahoma-based OGE, with an estimated 3% decline, Avangrid Inc.with a 2.9% drop and Dominion Energy with a 2.8% fall.With millions of people out of work, many utilities have stopped disconnecting customers for failing to pay bills. While certain states allow utilities to recover the cost of unpaid bills through additional charges, utility cash flows will suffer until the rate increases go into effect, the analysts said. In addition, eleven states including Wisconsin are allowing utilities to track Covid-19 expenses, they said.Annual changes in unemployment rates account for about 39% of the increase in uncollected electric bills and 45% of gas bills, according to the report. U.S. unemployment skyrocketed to 14.7% in April, the highest since the Great Depression, as shelter-in-place orders forced businesses to shed millions of workers.WEC Energy said that under current regulations, the company can recover bad debt expenses and is working with regulators and stakeholders to track bills for future recovery. The company is also working with federal and state governments to help customers manage their bills. OGE, Avangrid and Dominion didn’t immediately respond to requests for comment.Regulators are letting utilities defer virus-related expenses including those from non-payments for future potential recovery, WEC Chairman Gale E. Klappa said during an earnings call last week.Dominion can recover the costs of lapsed collections over time for nearly all of its gas utilities. Chief Financial Officer James Chapman said on the Virginia-based company’s first-quarter earnings call that he does not expect “bad debt expense in excess of budgeted amounts to be a material driver for the year.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Dominion Energy, Inc. (NYSE:D) last week reported its latest quarterly results, which makes it a good time for...
Reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measures, which we can calculate are contained in the earnings release kit. Joining today's call are Tom Farrell, Chairman, President and Chief Executive Officer; Jim Chapman, Executive Vice President, Chief Financial Officer and Treasurer; as well as other members of the executive management team.
Dominion Energy (D) delivered earnings and revenue surprises of -0.91% and -5.01%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
One way to prepare for a recession is to add some recession-proof stocks to your portfolio, or simply stocks that have the wherewithal to stand the storm. It's wise to own some recession-proof stocks now. Waste Connections is set to release its first-quarter numbers on May 6.
Dominion Energy (D) is set to release first-quarter earnings on May 5. Its quarterly performance is likely to have benefited from increase in demand from the residential customer class.
Dominion Energy (D) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dominion, Michaels, International Business Machines, Alphabet and Microsoft highlighted as Zacks Bull and Bear of the Day
Dominion Energy (D) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...
American Water Works (AWK) decides to support customers in California and continue to provide its services even if they fail to clear their utility service dues.