Beware of Utility Scams: Dominion Energy Warns Customers

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The company is also one of the largest producers and transporters of energy in the United States. Recently, Dominion ($NYSE:D) has issued a warning to its customers to be wary of utility scams. These scams target unsuspecting individuals and businesses by posing as utility or energy companies and asking for payment over the phone or through other channels. In many cases, the caller will threaten that service will be disconnected if payment is not made immediately. The Federal Trade Commission (FTC) has reported an increase in these types of scams all over the country, resulting in millions of dollars lost every year. To protect its customers, Dominion has taken several steps to thwart these scammers.

First, customers should never provide payment information over the phone unless they have initiated the call themselves. Dominion also encourages customers to contact their local law enforcement if they receive a suspicious call.

Additionally, customers can call Dominion’s customer service number directly to verify any messages they have received. Dominion also encourages its customers to spread the word about these scams and to be vigilant in protecting their personal and financial information. By being aware of these scams and taking the necessary precautions, customers can protect themselves from becoming victims of these utility scams.

Stock Price

At the time of writing, Dominion Energy has been receiving mostly positive media exposure. On Thursday, the company’s stock opened at $58.0 and closed at $58.3, up 0.5 percent from its prior closing price of $58.0. Unfortunately, scammers have been taking advantage of Dominion Energy’s reputation by attempting to steal customers’ personal information. The company has warned customers to be extra vigilant when providing any personal information and to not fall prey to any suspicious activities. Dominion Energy recommends that customers never give out their social security number, credit card information, or other sensitive information to anyone who contacts them via phone, email, or text message. They also advise customers to be cautious about providing personal information to anyone who claims to be a Dominion Energy representative, even if the caller has a valid Dominion Energy phone number.

Dominion Energy encourages customers to contact the company directly with any questions or concerns about their accounts or services. Customers should also be aware that Dominion Energy never requires payment in gift cards or other untraceable forms of payment, nor will they ever ask customers to provide account numbers or passwords. If customers ever suspect they are being scammed, they should immediately hang up and contact Dominion Energy directly to confirm the validity of the call. Customers can also report any suspicious activity to the Virginia Attorney General’s Office and the Federal Trade Commission. By following these safety tips, customers can help protect themselves and their accounts from potential scammers and ensure their personal information remains secure. Live Quote…

About the Company

VI Analysis

Investing in a company can be a daunting task. It is essential to understand the overall financial and business aspects of a company to make a well-informed decision. VI App provides a simple and effective way to analyze a company’s fundamentals and potential. As an example, let us look at Dominion Energy, whose VI Risk Rating is medium risk. The app has detected 3 risk warnings in the income sheet, balance sheet, and cash flow statement. To get an in-depth understanding of these warnings, one must register on the app. The VI App evaluates companies based on their financial statements, business operations, and other qualitative and quantitative factors to generate a comprehensive risk rating. Other than the risk rating, the app also provides a snapshot of the company’s financial performance, highlighting key ratios such as Profit Margin, Return on Equity and Return on Assets. This enables users to compare financial performance between companies and make more informed decisions. In addition to the financial analysis, the app provides an overview of the company’s business operations. This includes information such as industry, market share and competitive advantages, enabling users to assess the company’s competitive environment and position within its industry. Overall, the VI App simplifies the process of analyzing a company’s fundamentals and potential. With its comprehensive analysis and risk ratings, users can make an informed decision about investing in a company such as Dominion Energy. More…

VI Peers

In the energy sector, Dominion Energy Inc is up against some stiff competition. WEC Energy Group Inc, OGE Energy Corp, and Central Puerto SA are all companies that it must compete with in order to stay afloat and continue to grow. Each company has its own strengths and weaknesses, so it is important for Dominion Energy Inc to keep an eye on the competition in order to stay ahead of the game.

– WEC Energy Group Inc ($NYSE:WEC)

WEC Energy Group Inc is a holding company that, through its subsidiaries, generates and distributes electric power and provides utility services in the Midwest and Mid-Atlantic United States. The Company serves approximately four million customers in Wisconsin, Illinois, Michigan, and Minnesota.

WEC Energy Group Inc has a market cap of 27.02B as of 2022. It has a ROE of 11.61%. The company is involved in the generation and distribution of electric power and provision of utility services in the Midwest and Mid-Atlantic United States. It serves around four million customers in Wisconsin, Illinois, Michigan, and Minnesota.

– OGE Energy Corp ($NYSE:OGE)

Duke Energy Corporation is an American electric power holding company headquartered in Charlotte, North Carolina. The company is the largest utility in the United States with 7.3 million customers in six states. Duke Energy operates a diverse mix of generation assets, including nuclear, coal-fired, oil- and natural gas-fired, and hydroelectric power plants. The company also owns a majority stake in gas pipeline operator Spectra Energy.

– Central Puerto SA ($NYSE:CEPU)

Central Puerto SA is an Argentinean electricity generation company. The company has a market cap of 1.34 billion as of 2022 and a return on equity of 7.42%. Central Puerto SA is a leading electricity generation company in Argentina and the Southern Cone of South America. The company operates a diversified portfolio of power plants that use different energy sources, including natural gas, diesel, and renewable energy. Central Puerto SA also has a significant presence in the Argentinean electricity market.

Summary

Investing in Dominion Energy can be a great way to diversify your portfolio and reap the rewards of a successful and reliable company. In addition to providing electricity and natural gas, Dominion Energy also owns and operates renewable energy sources such as wind and solar power plants. This provides investors with exposure to clean energy investments and diversifies their portfolios. This means that investors can expect to receive a steady stream of cash payments from their investments each quarter.

Overall, investing in Dominion Energy can be a great way to diversify your portfolio and benefit from a long-term, reliable company. With its competitive dividend yield, exposure to renewable energy sources, and reliable performance over the years, Dominion Energy can be a great addition to any investor’s portfolio.