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0.00078149421694275 0.000468896530165695 0.00140668959049708 0.00125039074710844 0.00398562050640818 0.00547045951859947 0.00406376992810261 0.00945608002500788
Stock impact report

U.S. tax reform reenergizes equity markets for utility companies [Reuters]

Dominion Energy, Inc. (D) 
Last dominion energy, inc. earnings: 2/11 07:30 am Check Earnings Report
US:NYSE Investor Relations: dominionenergy.com/investors
Company Research Source: Reuters
U.S. tax reform reenergizes equity markets for utility companies | Reuters 3 Min Read NEW YORK (Reuters) - U.S. utility companies in 2018 are selling new stock at the fastest clip in at least a decade after tax reform passed last year left many with a cash-flow shortfall they needed to plug. By the start of June utility companies had issued almost $10 billion of common stock, by far the largest amount for this point in the year since the financial crisis, Thomson Reuters data showed. The need to issue equity highlights how tax reform, viewed by many as a giveaway to corporate America, has come at a price for certain utility companies, diluting the holdings of some shareholders and delivering a hit to credit positions. “In the short term, tax reform has been viewed as credit negative for the utility industry,” said Ann Bulkley, senior vice president at Concentric Energy Advisors, an energy consulting firm. The tax bill, enacted in December, tightened the pace at which some firms can wr Show less Read more
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