STOCK TITAN

Dominion Energy, Inc - D STOCK NEWS

Welcome to our dedicated page for Dominion Energy news (Ticker: D), a resource for investors and traders seeking the latest updates and insights on Dominion Energy stock.

Dominion Energy, Inc. (NYSE: D), headquartered in Richmond, VA, is a leading provider of electricity and natural gas, servicing approximately 7 million customers across 13 states. The company's mission is to deliver sustainable, reliable, affordable, and safe energy.

Dominion Energy is committed to achieving net zero emissions of carbon dioxide and methane from its power generation and gas infrastructure operations by 2050. One of the company's most significant recent achievements includes the launch of Charybdis, the United States' first Jones Act-compliant offshore wind turbine installation vessel. This vessel marks a crucial step in the company's Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm under construction in the U.S., aimed to generate enough renewable energy to power 660,000 homes by 2026.

Financially, Dominion Energy recently reported a net income of $674 million for the first quarter of 2024. The company continues to provide robust financial guidance, affirming its full-year 2024 operating earnings range of $2.62 to $2.87 per share. Dominion Energy also conducted a tender offer for its 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, reflecting its strategic financial maneuvers to optimize its capital structure.

The company is actively involved in various partnerships and community engagements. It has more than 800 Virginia-based workers engaged in the CVOW project, creating significant local job opportunities and driving economic development.

For the latest updates and detailed information about Dominion Energy, please visit DominionEnergy.com.

Rhea-AI Summary

Dominion Energy (NYSE: D) and Berkshire Hathaway Energy announced the termination of the planned sale of Questar Pipelines due to uncertainties with Federal Trade Commission clearance. This decision, effective July 9, 2021, does not affect the previous sale of gas transmission assets completed in November 2020. Dominion is initiating a competitive sale process for Questar Pipelines, aiming for completion by year-end 2021. The company will account for the pipelines as discontinued operations and plans to secure a 364-day loan to repay a $1.3 billion deposit to Berkshire Hathaway Energy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Dominion Energy (NYSE: D) will hold its Q2 2021 earnings call on Aug. 6, 2021, at 10 a.m. ET. Management will discuss recent financial results and key topics of interest for stakeholders. The earnings call will be accessible via webcast and telephone. Domestic callers can join by dialing 1-800-341-6228, while international participants can call 1-334-777-6993. A replay will be available shortly after the call. Dominion, serving over 7 million customers across 16 states, focuses on sustainable energy and aims for net zero emissions by 2050.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
-
Rhea-AI Summary

Dominion Energy South Carolina (DESC) and the South Carolina Office of Regulatory Staff submitted a settlement for a general electric rate case, awaiting approval from the Public Service Commission. The agreement, supported by all stakeholders, aims to sustain reliable and affordable energy. Starting September 1, typical residential bills will rise by 1.46%, while DESC commits $15 million for overdue balance forgiveness and energy efficiency upgrades. The proposed settlement also anticipates a net revenue increase of $35.6 million and retains DESC's existing financial guidance without new rate cases until July 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
none
Rhea-AI Summary

Dominion Energy announced the Bureau of Ocean Energy Management (BOEM) will publish a Notice of Intent (NOI) for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm planned in the U.S. This marks an important regulatory milestone, ensuring the project's construction remains on track for 2026. The CVOW project is expected to power 660,000 homes and create significant economic impact, generating around 900 jobs during construction and 1,100 jobs annually once operational. The project aligns with Virginia's clean energy goals and Dominion's commitment to net zero emissions by 2050.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none
-
Rhea-AI Summary

Dominion Energy Virginia, alongside Firefly Fiber Broadband and other partners, has entered into a Memorandum of Understanding to enhance broadband access in Central Virginia. This initiative aims to provide fiber-optic broadband services to over 25,000 unserved households and businesses, pending regulatory approval. The project is supported by bipartisan legislation and reflects an effort to modernize infrastructure while improving internet accessibility for rural areas. The partnership is set to include phased deployment and engineering studies for efficient planning.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
partnership
-
Rhea-AI Summary

Dominion Energy Virginia is advancing its Grid Transformation Plan with a new proposal for Phase II, involving a capital investment of approximately $669 million from 2022 to 2023. This phase focuses on enhancing reliability, integrating distributed energy resources, and modernizing the electric distribution grid. The company aims to improve energy management tools and increase access to clean energy. Phase I has already improved grid reliability and customer service. Importantly, no rate increases for customers are expected due to this investment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
none
Rhea-AI Summary

Dominion Energy has launched the Educational Equity Scholarship program, aiming to support African American and underrepresented minority students. The inaugural class consists of 60 students from eight states, who will collectively receive over $500,000 in scholarships. As part of a broader $10 million initiative over six years, students in two-year schools will receive $5,000 each, while those in four-year schools will receive $10,000. The program is managed by Scholarship America. Additionally, Dominion pledged $25 million to historically black colleges across four states.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
none
-
Rhea-AI Summary

Dominion Energy, Ørsted, and Eversource announced a deal for Ørsted and Eversource to charter Dominion's Charybdis, the first Jones Act-qualified offshore wind turbine installation vessel in the U.S. The vessel, expected to be ready by late 2023, supports the construction of the Revolution Wind and Sunrise Wind projects, generating over 1.6 gigawatts of renewable energy for nearly 1 million homes. The charter also enables support for Dominion's Coastal Virginia Offshore Wind project, contributing to job creation and economic growth while having no impact on regulated customers' bills.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
none
Rhea-AI Summary

The board of directors of Dominion Energy has declared a quarterly dividend of 63 cents per share, payable on June 20, 2021. Shareholders of record by June 4, 2021 will receive this dividend. This marks the 373rd consecutive dividend paid by Dominion Energy or its predecessor, demonstrating the company's ongoing commitment to returning value to its shareholders. The previous dividend was declared on January 22, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
Tags
dividends

FAQ

What is the current stock price of Dominion Energy (D)?

The current stock price of Dominion Energy (D) is $53.66 as of December 20, 2024.

What is the market cap of Dominion Energy (D)?

The market cap of Dominion Energy (D) is approximately 44.5B.

What is Dominion Energy's primary business?

Dominion Energy provides electricity and natural gas to approximately 7 million customers in 13 states.

Where is Dominion Energy headquartered?

Dominion Energy is headquartered in Richmond, VA.

What are Dominion Energy's sustainability goals?

Dominion Energy aims to achieve net zero carbon dioxide and methane emissions from its operations by 2050.

What recent projects has Dominion Energy undertaken?

Dominion Energy launched the Charybdis offshore wind turbine installation vessel and is working on the Coastal Virginia Offshore Wind (CVOW) project.

How did Dominion Energy perform financially in Q1 2024?

Dominion Energy reported a net income of $674 million for the first quarter of 2024.

What is the Coastal Virginia Offshore Wind (CVOW) project?

The CVOW project is the largest offshore wind farm under construction in the U.S., expected to power up to 660,000 homes once completed.

How many employees are engaged in the CVOW project?

Over 800 Virginia-based workers are engaged in the CVOW project.

Where can I find more information about Dominion Energy?

For more information, visit Dominion Energy's website at DominionEnergy.com.

When will Dominion Energy achieve net zero emissions?

Dominion Energy aims to achieve net zero emissions by 2050.

What is Dominion Energy's stock symbol?

Dominion Energy's stock symbol is D.

Dominion Energy, Inc

NYSE:D

D Rankings

D Stock Data

44.54B
838.90M
0.12%
77.52%
1.82%
Utilities - Regulated Electric
Electric Services
Link
United States of America
RICHMOND