Dominion Resource (D) Offering Possible 7.53% Return Over the Next 14 Calendar Days

Dominion Resource's most recent trend suggests a bullish bias. One trading opportunity on Dominion Resource is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 7.53% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $60.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Dominion Resource is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Dominion Resource is bullish.

The RSI indicator is at 49.07 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Dominion Resource

Charts Suggest That Utilities Sector Could Trend Higher
Wed, 01 Apr 2020 14:27:01 +0000
Nearby support levels could be used as guides for how to trade a potential move higher in the utilities sector.

U.S. Utilities Line Up Over $15 Billion as Virus Roils Markets
Fri, 27 Mar 2020 15:18:40 +0000
(Bloomberg) — U.S. utilities have lined up more than $15 billion in cash and credit as uncertainty over the coronavirus strains the short-term debt market.Electricity giants including American Electric Power Co., Duke Energy Corp. and Dominion Energy Inc. have sold bonds, entered into new credit facilities or drawn on existing lines to boost liquidity. It follows a surge in costs in the commercial paper market, forcing companies to look for alternatives.“We expect to continue to see utilities drawing on credit lines,” Shahriar Pourreza, an analyst at Guggenheim Securities LLC, said in a research note, citing AEP’s $1 billion credit agreement announced Monday. The move is a conservative stance to shore up funds, he said. “We do not see it in any way a sign of overall liquidity risk.”Utilities have also benefited from their defensive nature to issue new debt as the corporate bond market has been open mostly to the highest-quality investment-grade issuers. Banks have enjoyed similar status in comprising much of the recent supply, as well as frequent telecom and media issuers including Verizon Communications Inc. and Comcast Corp.New York utility Consolidated Edison Inc was the latest to tap the credit market with two bond offerings Thursday totaling $1.6 billion. That’s pushed the total amount sold by power and gas suppliers this month to about $9.6 billion, adding to at least $6 billion in new credit lines with banks, according to data compiled by Bloomberg. Xcel Energy Inc. is also seeking to sell $500 million in notes.It has come at a higher cost, as the coronavirus sell-off has sent bond prices down. NextEra Energy Inc.’s $1.1 billion sale of five-year notes Tuesday, through its Florida Power & Light subsidiary, priced at 237.5 basis points over comparable Treasuries. That’s more than twice as much as the company agreed to pay in a similar deal a year ago.NextEra declined to comment.Duke was still able to lock in record-low rates in a sale of $550 million in 30-year notes. Last week the company announced it had a new $1.5 billion term loan and borrowed $500 million from an existing line.“The majority of the funding will be used to reduce our commercial paper balances,” spokesman Neil Nissan said by email. “When the short-term funding markets return to a more stable environment, we may elect to rely on commercial paper like normal.”Other deals include AEP’s $1 billion credit agreement, which the company will use in part to pay down short-term debt. “We took these actions to fortify our liquidity in the challenging markets,” AEP spokeswoman Melissa McHenry said by email. The company earlier this month also raised almost $1.2 billion through bond offerings.Dominion tapped $1.2 billion in new bank lines while selling $750 million in notes last week, although the bonds were already part of its 2020 financing plans, spokesman Ryan Frazier said.“Yet given market volatility, Dominion Energy has taken prudent steps to increase liquidity via other financing transactions,” he said, noting that Dominion has no plans to drawn on its $6 billion master credit facility.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Dominion Energy Will Hold Virtual Annual Meeting in 2020
Wed, 25 Mar 2020 21:05:00 +0000
As previously disclosed, Dominion Energy, Inc. (NYSE: D), will hold its annual meeting of shareholders on Wednesday, May 6, 2020, at 9:30 a.m. ET.

Utilities Slid Last Week, but They Still Offer a Defensive Dividend Haven
Mon, 23 Mar 2020 10:30:00 +0000
While utilities could come under pressure during the coronavirus crisis, some analysts say the stocks should continue to play their defensive role while also giving investors an attractive yield.

D or NEE: Which Utilities Stock Should Investors Hold Now?
Fri, 20 Mar 2020 13:27:01 +0000
Currently, NextEra Energy (NEE) is a better hold option than Dominion Energy (D).

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