Sell-offs often provide the opportunity to lock in higher yields on high-quality dividend stocks. Dominion expects to maintain its nearly 5% dividend while growing its earnings at a mid-single-digit pace for the next several years.
Dominion Energy is a key utility provider in Virginia, serving the power hungry data center market in Loudoun County. Data center power demand is rapidly increasing, with projections of doubling by 2030, posing challenges and opportunities for utility providers like D. We explore the catalysts behind increasing power demand and assess whether D can deliver on the opportunity.
Fed Chair Jerome Powell hinted that a rate cut could arrive in September. Lower interest rates are likely to encourage bond investors to move back into dividend stocks.
Northern Virginia is the world's top data center market. AI could drive higher demand for power in the coming years.
While the top- and bottom-line numbers for Dominion Energy (D) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Dominion Energy's (D) second-quarter earnings are lower than estimates. Rising electricity demand from data centers is likely to drive the long-term growth of the company.
Dominion Energy would consider co-locating a data center at the Millstone Power Station in Waterford, Connecticut, CEO Robert Blue said. The nuclear plant provides more than 90% of Connecticut's carbon-free power.
Here's one thing most folks get wrong about dividend cuts: They can (and often do) set up terrific buying opportunities!
Dominion Energy (D) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.53 per share a year ago.
Let's focus on utilities like XEL, ETR, D, PNW and ED, which are scheduled to release second-quarter 2024 earnings on Aug 1.
Dominion Energy's (D) second-quarter earnings are likely to have benefited from strong demand from data centers and solid customer growth in Virginia and South Carolina.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.