Dominion Energy, Inc. - D STOCK NEWS

Dominion Energy is offering $1 million in grants for nonprofit organizations to address urgent community needs. Each grant can be up to $25,000, aimed at providing services related to housing, medicine, and food security, particularly due to the ongoing impact of COVID-19. Last year's grants aided over 200 nonprofits, benefiting low-income families in various communities. Eligible organizations in several states can apply until April 29, 2022. For details and applications, visit Dominion Energy's website.

Dominion Energy announced a three-year, $2 million partnership with The Hispanic Association of Colleges and Universities (HACU) to support seven colleges and universities across Virginia, North Carolina, Connecticut, Utah, and Puerto Rico. This initiative aims to enhance educational equity and promote STEM careers among Hispanic students. Each institution will implement a Summer Bridge Program to provide outreach and mentoring, impacting over 1,250 students and their families. Additionally, the partnership supports HACU membership, granting access to vital resources and opportunities for students.

Dominion Energy (NYSE: D) has scheduled its annual shareholder meeting for May 11, 2022, at 9:30 a.m. ET. Shareholders will receive detailed information in a proxy statement expected in late March. This meeting is crucial for stakeholders to engage with the company's performance and future strategies.

Dominion Energy and the Library of Virginia celebrated six African-American leaders with the "Strong Men & Women in Virginia History" awards on February 14, 2022. The awards honor individuals who have made significant contributions to the commonwealth and the nation. The honorees include public historian Christy S. Coleman, labor leader Samuel H. Clark, Hall of Fame basketball player Robert L. Dandridge, civil rights activist Rev. Dr. B.H. Hester, engineer Christyl C. Johnson, and civil rights attorney Samuel W. Tucker. A celebratory program is scheduled for June 16, 2022.

Dominion Energy has entered into an agreement to sell its West Virginia natural gas utility, Hope Gas, Inc., to Ullico Inc.'s infrastructure fund for $690 million. The deal is set to close later this year, pending regulatory approvals. Hearthstone Utilities, a portfolio company of Ullico, plans to integrate Hope Gas and relocate its headquarters to West Virginia, aiming to expand services and create jobs in the state. The transaction is structured to have no rate impact on customers, and current collective bargaining agreements will be honored.

Dominion Energy is expanding its Net Zero commitments to encompass emissions beyond its direct operations, targeting both Scope 2 and material categories of Scope 3 emissions. This ambitious initiative aims for Net Zero carbon and methane emissions by 2050. The company plans to engage with suppliers and customers to decarbonize, initially focusing on three critical areas: electricity purchased for the grid, fuel for power stations, and consumption by gas customers. Supported by state officials and industry leaders, Dominion is investing in cleaner energy solutions, including renewable natural gas and hydrogen technology.

Dominion Energy reported strong financial results for Q4 2021, with a net income of $1.3 billion ($1.63/share), a significant increase from $682 million ($0.82/share) in Q4 2020. For the entire year, net income reached $3.3 billion ($3.98/share), reversing a loss of $401 million in 2020. Operating earnings also grew to $752 million ($0.90/share) in Q4 2021, up from $672 million ($0.81/share) the previous year. The company announced a $690 million sale of its West Virginia utility, DEWV, to Ullico, expected to close later this year, and provides 2022 operating earnings guidance of $3.95 to $4.25/share.

The board of directors of Dominion Energy has declared a quarterly dividend of 66.75 cents per share of common stock. This dividend will be payable on March 20, 2022, to shareholders of record as of March 4, 2022. Notably, this marks the 376th consecutive dividend paid by Dominion Energy or its predecessor. The previous dividend was declared on Nov. 3, 2021.

Dominion Energy Charitable Foundation has recognized five nonprofit arts organizations in Virginia as the 2022 Dominion Energy ArtStars. Each organization, operating with annual budgets under $1 million, received a $10,000 grant to support arts and cultural education programs. Winners include Todd Rosenlieb Dance, Dogtown Dance Theatre, Encore Stage & Studio, Charlottesville Ballet, and Clifton Forge School of the Arts. This initiative highlights the commitment to inspire creativity and support local communities. In 2021, Dominion Energy contributed over $48 million to community causes across 13 states.