Here is how Dominion Energy (D) and Entergy (ETR) have performed compared to their sector so far this year.
Dominion Energy is leveraging the AI-driven data center boom, focusing on debt reduction, and infrastructure upgrades to drive long-term growth and stability. Despite past challenges, including a dividend cut and underperformance, Dominion offers a solid 5.0% dividend yield and expects 5-7% annual EPS growth through 2029. Rising long-term bond rates and regulatory challenges pose risks, but Dominion's strategic investments and consistent earnings growth make it a dependable choice for income-focused portfolios.
At times like these, I'm reminded of a quote from Howard Marks, the most successful value investor you've likely never heard of. (Warren Buffett is a fan.
Given their stable performance and capacity to raise shareholder value, investors may bet on NJR, D and EVRG for consistent income.
D is expected to gain from a likely increase in clean power demand in the region it operates. Hence, it may be wise to remain invested in this stock.
Need dividends? The highest-yielding stocks aren't necessarily your best choice.
Key Points It's likely the Federal Reserve will lower interest rates by another 25 basis points in December.
Dominion Energy offers a 4.75% dividend yield and trades at a relative discount to its peers, presenting a potential lower-risk value investment. The company's offshore wind and modular nuclear reactor projects could drive significant long-term growth, especially with rising AI data center demand. Regulatory risks exist, but Dominion's bipartisan approach and cleaner energy initiatives position it well for future success.
Although the revenue and EPS for Dominion Energy (D) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Dominion Energy, Inc. (NYSE:D ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants David McFarland - VP, IR and Treasurer Robert Blue - Chair, President and CEO Steven Ridge - EVP and CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Nick Campanella - Barclays Ross Fowler - Bank of America Jeremy Tonet - JPMorgan Anthony Crowdell - Mizuho Carly Davenport - Goldman Sachs Operator Welcome to the Dominion Energy Third Quarter Earnings Conference Call. At this time, each of your line is in listen-only mode.
D's third-quarter earnings are better than expected. It plans to invest $43 billion in the next five years.
Dominion Energy (D) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.77 per share a year ago.