Dominion Energy beat Wall Street estimates for third-quarter profit on Friday, as the electric utilities company benefited from lower costs and steady electricity demand during hot weather.
D's third-quarter results are expected to benefit from regulated investments and higher sales volume.
Dominion Energy (D) reachead $60.12 at the closing of the latest trading day, reflecting a +0.91% change compared to its last close.
Global energy demand is expected to surge by 2030, driven by rapid consumption growth in emerging economies. The expansion of artificial intelligence (AI) is further accelerating this demand, while industries are under increasing pressure to meet ambitious sustainability targets by focusing on low- and zero-carbon energy solutions.
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.
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Dominion Energy (D) concluded the recent trading session at $60.03, signifying a +0.18% move from its prior day's close.
The world stands at the cusp of a technological revolution fueled by the unparalleled power of artificial intelligence (AI). From self-driving cars to personalized medicine, AI is poised to transform industries and reshape our daily lives.
Dominion Energy (D) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
In the closing of the recent trading day, Dominion Energy (D) stood at $56.93, denoting a +1.26% change from the preceding trading day.
Malcolm Ethridge, Capital Area Planning Group managing partner, joins 'Power Lunch' to discuss the market and data center stocks he's watching.
Dominion Energy offers a value-oriented investment with stable returns, leveraging its strong presence in North Virginia's data center hub to capitalize on AI-driven electricity demand. Despite underperforming the S&P 500 Utilities sector, Dominion's strategic focus on AI-related growth and asset sales enhances its financial stability and attractiveness to risk-averse investors. The company's ability to increase electricity rates due to AI demand and its consistent dividend payments contribute to predictable revenue growth and income stability.