|Bid||79.70 x 200|
|Ask||79.71 x 400|
|Day's range||79.63 - 80.22|
|52-week range||69.51 - 81.65|
|PE ratio (TTM)||23.10|
|Forward Dividend & Yield||3.08 (3.92%)|
|1y target est||N/A|
British home repairs provider HomeServe (HSV.L) is stepping up its expansion in the United States by buying Dominion Energy's (D.N) home services unit, which has 500,000 customers across 16 states. The company said it would raise up to 125 million pounds ($165 million) in a share placing to fund the deal, which has an enterprise value of $143 million. "It gets us closer to our medium-term target, which is to be marketing to 80 million households (in the U.S.), and to get 10 percent of those signed up to cover," Chief Executive Richard Harpin said in an interview.
LONDON, Oct (Shenzhen: 000069.SZ - news) 19 (Reuters) - British home repairs provider HomeServe (LSE: HSV.L - news) is stepping up its expansion in the United (Shenzhen: 000925.SZ - news) States by buying Dominion Energy's home services unit, which has 500,000 customers across 16 states. The company said it would raise up to 125 million pounds ($165 million) in a share placing to fund the deal, which has an enterprise value of $143 million. The deal gives HomeServe access to 7.1 million additional households in 16 states in the mid-Atlantic (Shanghai: 600558.SS - news) region, he said.
By utility standards, it was a bold move. In may, Dominion Resources became Dominion Energy, signaling its shift from a traditional utility dependent on commodities like coal for electricity production to a more diversified company that can tap solar and wind power, run electric and natural-gas transmission lines, and oversee a growing business storing and transporting liquefied natural gas. Driven by its power portfolio, Dominion (ticker:ticker::D) expects to increase earnings at a 6%-to-8% annual clip over the next few years, and to raise its generous dividend by about 10% each year.
Facebook Inc. agreed to power a 1 million-square foot data center it’s building near Richmond, Virginia, with solar energy from Dominion Resources Inc.
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