Dominion Energy Inc Stock Price, News & Analysis

Dominion Energy (NYSE: D) has announced it will redeem all outstanding shares of its Series A Cumulative Perpetual Convertible Preferred Stock on Sept. 1, 2022, at a price of $1,000 per share. A quarterly dividend of $4.375 per share will also be paid on the same date to holders of record as of Aug. 15, 2022. Interested shareholders may convert their shares into common stock until Aug. 31, 2022, with cash settlements based on market conditions. Following the redemption, no shares of the Series A Preferred Stock will remain outstanding.

The board of directors of Dominion Energy (NYSE: D) has appointed Kristin G. Lovejoy as a director, effective August 1, 2022. Lovejoy is a prominent technology and cybersecurity expert, currently the Global Security and Resilience Practice Leader at Kyndryl. With over 25 years of professional experience, she has held significant roles including Global Cybersecurity Leader at EY and founder of BluVector. Dominion Energy's Chair, Robert M. Blue, praised her expertise in security and risk management, marking her election as a key enhancement to the company's leadership and governance.

Dominion Energy (NYSE: D) is set to host its second-quarter 2022 earnings call on Monday, Aug. 8, 2022, at 10 a.m. ET. During this call, management will address key financial results and other topics relevant to stakeholders. Investors can join via webcast or telephone, with details provided for both options. Additionally, a replay will be available on the investor information pages shortly after the call concludes. Dominion Energy services approximately 7 million customers across 14 states and is committed to achieving net zero emissions by 2050.

Dominion Energy (NYSE: D) has received FAA approval to conduct advanced drone operations beyond visual line of sight (BVLOS) across 40+ power facilities in seven states. This approval, achieved in collaboration with Skydio, allows plant engineers to operate drones with enhanced safety and efficiency without needing additional crew for proximity detection. The Skydio X2 drones will facilitate inspections and data collection, ultimately reducing operational costs and improving safety outcomes. Dominion's drone program, initiated in 2014, now includes approximately 50 drones for various operational tasks.

Dominion Energy (NYSE: D) is set to host its second-quarter 2022 earnings call on August 5, 2022, at 10 a.m. ET. During the call, management will discuss financial results and other stakeholder interests. Investors can access the live webcast on the company's investor pages, with a replay available later in the day. Dominion Energy serves around 7 million customers across 14 states, focusing on sustainable and reliable energy solutions. The company's goal is to achieve net zero emissions by 2050.

SecZetta reported strong business growth for Q1 FY2023, emphasizing its leadership in third-party identity risk solutions. Increased diligence from global organizations for compliance has driven demand for SecZetta's offerings, which facilitate efficient onboarding and management of third-party identities, especially during mergers and acquisitions. New customer wins included Dominion Energy and Mohegan Gaming, alongside significant partnerships with firms like Wipro and Talus Solutions. SecZetta received recognition from industry analysts, including mentions in Gartner and KuppingerCole reports, highlighting its innovative contributions to the identity management landscape.

BrightSuite, a Dominion Energy company, has introduced a rooftop solar program for Virginia homeowners, aiming to simplify the adoption of solar energy. The service includes direct consultations to assess home suitability for solar and potential energy savings. Key benefits include trustworthy feasibility assessments, full-service project management, partnerships with top local installers, and flexible financing options. BrightSuite emphasizes its commitment to helping both residential and commercial clients achieve their renewable energy goals, enhancing sustainability across Virginia.

Dominion Energy (NYSE: D) announced the successful remarketing of its Series A Cumulative Perpetual Convertible Preferred Stock, originally issued in June 2019. The remarketing is expected to close on June 1, 2022, with proceeds allocated for the purchase contracts of the company's 2019 Series A Equity Units. Dividends will reset to 1.75% until September 1, 2022, after which they will rise to 6.75%. The company plans to redeem all outstanding shares of Series A Preferred Stock on September 1, 2022, subject to board approval.

Dominion Energy (NYSE: D) has declared a quarterly dividend of 66.75 cents per share. This dividend will be payable on June 20, 2022, to shareholders of record on June 3, 2022. This marks the 377th consecutive dividend payment from Dominion Energy or its predecessors. The previous dividend was declared on January 28, 2022.