Dominion Energy Stock Price Today: D-12.22 (-2.27%)
As of 3:30 PM EST on March 8, 2023, Dominion Energy's (NYSE: D) stock price is $12.22, down 2.27% from the previous close. The company's stock has been on a downward trend in recent months, driven by a combination of factors including concerns about its debt load and exposure to coal-fired power generation.
Key Metrics
Metric |
Value |
Market Cap |
$60.1B |
P/E Ratio (TTM) |
12.6 |
Dividend Yield |
4.9% |
Debt-to-Equity Ratio |
1.3 |
Return on Equity (ROE) |
12.1% |
Factors Driving Stock Price
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Debt load: Dominion Energy has a significant amount of debt, which has raised concerns among investors. As of December 31, 2022, the company had $32.6B in long-term debt. This debt has increased in recent years due to the company's acquisitions and investments in renewable energy projects.
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Exposure to coal-fired power generation: Dominion Energy generates a significant portion of its electricity from coal-fired power plants. However, the demand for coal-fired power has been declining in recent years due to concerns about climate change and the rise of renewable energy sources. This has made investors wary of Dominion Energy's exposure to coal-fired power.
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Regulatory environment: The regulatory environment for the energy industry is constantly changing. Dominion Energy is subject to a variety of regulations, including those that govern environmental protection, rates, and competition. These regulations can have a significant impact on the company's profitability.
Recent News
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Q4 2022 earnings: Dominion Energy reported mixed financial results for the fourth quarter of 2022. The company's revenue increased by 3% to $4.5B, but its net income declined by 20% to $544M. The decline in net income was due to a number of factors, including higher fuel costs and increased operating expenses.
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Sale of non-core assets: Dominion Energy has been selling off non-core assets in recent years to raise cash and reduce debt. In 2022, the company sold its natural gas distribution business to Berkshire Hathaway Energy for $10B.
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Investment in renewable energy: Dominion Energy is investing heavily in renewable energy projects. The company plans to add 16 GW of renewable energy capacity to its portfolio by 2030.
Outlook
Dominion Energy's stock price is likely to remain volatile in the near term. The company faces a number of challenges, including its debt load, exposure to coal-fired power generation, and the changing regulatory environment. However, the company's investment in renewable energy could provide a long-term growth opportunity.
Tips for Investors
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Consider the company's debt load: Before investing in Dominion Energy, it is important to consider the company's debt load. The company has a significant amount of debt, which could increase its financial risk.
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Evaluate the company's exposure to coal-fired power: Dominion Energy generates a significant portion of its electricity from coal-fired power plants. The demand for coal-fired power has been declining in recent years due to concerns about climate change and the rise of renewable energy sources. This could impact the company's profitability in the future.
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Monitor the regulatory environment: The regulatory environment for the energy industry is constantly changing. Investors should monitor the regulatory environment to understand how it could impact Dominion Energy.
Common Mistakes to Avoid
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Ignoring the company's debt load: Some investors ignore the company's debt load when making investment decisions. This can be a mistake, as a high debt load can increase the company's financial risk.
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Not considering the company's exposure to coal-fired power: Some investors do not consider the company's exposure to coal-fired power when making investment decisions. This can be a mistake, as the demand for coal-fired power is declining and this could impact the company's profitability in the future.
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Failing to monitor the regulatory environment: Some investors fail to monitor the regulatory environment for the energy industry. This can be a mistake, as changes in the regulatory environment can have a significant impact on Dominion Energy.
Table 1: Dominion Energy's Financial Performance
Metric |
Q4 2022 |
Q4 2021 |
Revenue |
$4.5B |
$4.4B |
Net income |
$544M |
$683M |
Earnings per share |
$1.26 |
$1.59 |
Table 2: Dominion Energy's Debt Load
Metric |
December 31, 2022 |
December 31, 2021 |
Total debt |
$32.6B |
$30.7B |
Debt-to-equity ratio |
1.3 |
1.2 |
Table 3: Dominion Energy's Exposure to Coal-Fired Power
Metric |
2022 |
2021 |
Coal-fired power generation (GW) |
16.2 |
17.4 |
Percentage of electricity generated from coal |
38% |
42% |
Table 4: Dominion Energy's Investment in Renewable Energy
| Metric | 2022 | 202