DOMINION ENERGY ON WINTER STORMS: CURRENT ICE FORECAST SUGGESTS SIGNIFICANT OPERATIONAL IMPACTS THIS WINTER
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Source: moomoo
- Winter Storms Impact: Current ice forecasts indicate the potential for significant operational impacts during winter weather events.
- Energy Sector Preparedness: Dominion Energy is preparing for the challenges posed by severe winter storms, which could affect energy delivery and infrastructure.
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Analyst Views on D
Wall Street analysts forecast D stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for D is 64.36 USD with a low forecast of 59.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 60.710
Low
59.00
Averages
64.36
High
70.00
Current: 60.710
Low
59.00
Averages
64.36
High
70.00
About D
Dominion Energy, Inc. provides regulated electricity service to about 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. It is a developer and operator of regulated offshore wind and solar power and the producer of carbon-free electricity in New England. Its Dominion Energy Virginia segment is composed of Virginia Power’s regulated electric transmission, distribution, and generation operations, which serve homes and businesses in Virginia and North Carolina. Its Dominion Energy South Carolina segment consists of DESC’s generation, transmission, and distribution of electricity to customers in the central, southern and southwestern portions of South Carolina and the distribution of natural gas to residential, commercial and industrial customers in South Carolina. Its Contracted Energy segment includes non-regulated electric generation fleet and renewable natural gas operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Winter Storm Fern Disrupts U.S. Industries, Over 10,000 Flights Canceled
- Flight Cancellations: Over 10,000 flights were canceled on Sunday due to Winter Storm Fern, prompting Delta Air Lines and American Airlines to adjust staffing and aircraft positioning, highlighting significant operational challenges faced by the airline industry.
- Energy Production Decline: U.S. crude oil production is expected to drop by approximately 300,000 barrels per day, with the Permian Basin potentially losing 200,000 barrels, leading to price volatility in energy markets and impacting overall economic stability.
- Retail Sector Risks: As icy conditions worsen, retailers and restaurants reliant on weekend foot traffic face sales pressure, with companies like Walmart and Kroger at risk of Q4 earnings declines due to potential inventory spoilage from extended outages.
- Utility Response: Utilities such as Entergy and Dominion have activated storm response teams to address potential outages and infrastructure damage, demonstrating a strong commitment to consumer service amid challenging weather conditions.
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