Dominion Energy Inc Stock Price, News & Analysis

Dominion Energy (NYSE: D) announced the retirement of senior vice president & chief nuclear officer Daniel G. Stoddard, effective August 1, 2023, after 17 years with the company. He has overseen the nuclear fleet operations for the past seven years. The company has appointed Eric S. Carr, previously with PSEG Nuclear, as president-Nuclear Operations starting June 5, 2023, and he will take on the chief nuclear officer role on July 1, 2023. Robert M. Blue, CEO, praised Stoddard's leadership in ensuring reliable energy production. Carr brings over 20 years of nuclear industry experience and has managed significant operations in New Jersey. Dominion Energy serves around 7 million customers across 16 states and is committed to achieving Net Zero emissions by 2050.

On April 11, 2023, Dominion Energy highlighted the importance of contacting 811 before any digging project in recognition of National Safe Digging Month. With an alarming statistic of an underground utility line being damaged every nine minutes due to unreported digs, they emphasized safety and compliance as critical factors. Jason Holland, director at Dominion Energy Virginia, stressed that contacting 811 is essential for public safety and service reliability. The press release dispelled five common myths about the 811 process, clarifying that contacting them is free and easy, and crucial for avoiding accidents. Dominion Energy serves over 7 million customers across 16 states and is committed to ensuring reliable and sustainable energy.

Dominion Energy (NYSE: D) will hold its first-quarter 2023 earnings call on May 5, 2023, at 10 a.m. ET. The call will address financial results and relevant topics for stakeholders. A live webcast will be accessible on the investor information pages, and participants can also join via telephone. Replay options will be available for both the webcast and the telephonic call later in the day. Dominion Energy serves approximately 7 million customers across 16 states, focusing on reliable, affordable, and sustainable energy, with a commitment to achieving Net Zero emissions by 2050.

Dominion Energy Utah (DEU) has initiated a hydrogen blending project in Delta, Utah, aimed at reducing emissions. Starting with a 5% hydrogen blend, the project will transition to green hydrogen later this year. DEU plans to prepare its distribution system for hydrogen blending by 2030, affecting around 1,800 customers in Delta and nearby towns including Oasis, Hinkley, and Deseret. This initiative is part of DEU's commitment to achieve net zero emissions by 2050 and has already reduced methane emissions by 38% since 2010. The ThermH₂^™ project reinforces DEU's focus on sustainability and clean energy solutions.

Dominion Energy (NYSE: D) has received an 'A' rating for both Climate Change and Water Security from CDP, ranking among the top 2% of nearly 15,000 evaluated companies. This recognition reflects the company's commitment to sustainability and transparency in its environmental practices. CEO Robert M. Blue emphasized the importance of clean energy leadership and the company's ambition to achieve Net Zero emissions by 2050. Additionally, Dominion holds an AA rating for ESG management from MSCI and has been recognized as a Trendsetter in business ethics.

Dominion Energy (NYSE: D) has partnered with Troutman Pepper to advocate for veterans' educational benefits through a Supreme Court petition. The case involves James R. Rudisill, a decorated veteran, seeking full access to educational benefits under both the Post-9/11 and Montgomery GI Bills. Currently, the VA limits veterans like Rudisill to 10 months of Post-9/11 benefits unless they forfeit their Montgomery benefits, affecting millions of veterans. The petition aims to restore the legislative intent and ensure veterans receive the full 48 months of education benefits they are entitled to. A ruling in favor could benefit approximately 1.7 million veterans.

Dominion Energy (NYSE: D) has announced its annual meeting of shareholders scheduled for May 10, 2023, at 9:30 a.m. ET in Richmond, Virginia. The meeting's details will be provided in the proxy statement, which will be delivered to shareholders in late March 2023. This event is significant for shareholders as it provides an opportunity for engagement and to discuss the company's performance and future strategies. Dominion Energy is a key player in the energy sector, and this annual meeting will likely address vital topics affecting stakeholders.

Dominion Energy's board of directors has approved a 2023 dividend rate of $2.67 per share, which is subject to quarterly determination. Additionally, the company declared a quarterly dividend of 66.75 cents per share of common stock, payable on March 20, 2023, to shareholders of record by the close of business on March 3, 2023. This marks the 380th consecutive dividend paid to shareholders, showcasing the company's commitment to maintaining reliable returns. Dominion Energy services approximately 7 million customers across 16 states, focusing on sustainability and achieving Net Zero emissions by 2050.

Dominion Energy (NYSE: D) reported a fourth-quarter 2022 net loss of $42 million ($0.07 per share), a significant decline from $1.3 billion ($1.63 per share) in Q4 2021. For the full year 2022, the company achieved a net income of $994 million ($1.09 per share), compared to $3.3 billion ($3.98 per share) in 2021. However, operating earnings rose to $903 million ($1.06 per share) for Q4 2022, up from $752 million ($0.90 per share) in Q4 2021. The guidance for first-quarter operating earnings is projected between $0.97 and $1.12 per share. A live earnings call will be held on February 8, 2023, to discuss these results.