Dominion Energy Stock Falls Behind Competitors on Thursday
December 23, 2023
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On Thursday, Dominion Energy ($NYSE:D) Inc.’s stock failed to keep pace with its competitors. The Virginia-based company is a diversified energy firm that provides electricity, natural gas, and energy services in the United States. On Thursday, the company’s stock fell behind its competitors due to lower-than-expected earnings, lower demand, and lack of progress on the company’s plans to acquire SCANA Corp. Investors were concerned over the potential delay of the merger, especially after the South Carolina Public Service Commission raised questions about Dominion’s commitment to protect ratepayers in the state. Despite the current market uncertainty, Dominion Energy still remains a strong player in the energy sector with a strong outlook for the future.
Share Price
At market close, the stock opened at $47.3 and ended the day at $46.8, down 0.9% from its previous closing price of $47.2. This marks a slight decrease in the overall performance of Dominion Energy compared to other energy companies. Despite this minor dip, this company remains a strong player in the energy sector and is sure to continue to perform well in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dominion Energy. More…
| Total Revenues | Net Income | Net Margin |
| 15.77k | 1.7k | 19.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dominion Energy. More…
| Operations | Investing | Financing |
| 5.46k | -6.75k | 2.98k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dominion Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 106.06k | 77.64k | 33.97 |
Key Ratios Snapshot
Some of the financial key ratios for Dominion Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.9% | -8.0% | 29.9% |
| FCF Margin | ROE | ROA |
| -21.2% | 10.4% | 2.8% |
Analysis
As GoodWhale, we conducted an analysis of DOMINION ENERGY‘s wellbeing and determined that they have a Star Chart score of strong in cash flows, and medium in asset, dividend, growth, and profitability. We classified DOMINION ENERGY as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This makes DOMINION ENERGY an attractive investment for investors who are looking for low-risk, sustainable investments. We also found that DOMINION ENERGY has an intermediate health score of 5/10 with regard to its cashflows and debt, which implies that the company is likely to safely ride out any crisis without the risk of bankruptcy. Therefore, investors who are looking for a reliable and secure company to invest in should consider DOMINION ENERGY. More…
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 Inc. (DOM) stock has been a challenge for traders on Thursday. The stock has significantly underperformed its competitors in the energy sector, and despite attempts to rally the stock, it has not seen much success. This is likely due to the fact that the company is facing a number of headwinds such as low natural gas prices, growing debt, and regulatory uncertainty. Investors should carefully monitor Dominion Energy’s financial performance and strategy before making any investment decisions.
Additionally, investors should also watch for news and developments related to the energy sector in general as it may affect Dominion Energy’s stock performance. A thorough analysis of all these factors is necessary before any decisions are made.
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