Dominion Energy is headquartered in Richmond, Virginia. It is the largest utility servicing Virginia and provides regulated electricity services to 3.6 million customers in Virginia, North Carolina, and South Carolina and regulated natural gas services to 500,000 customers in South Carolina. The company is also one of the leading developers and operators of offshore wind and solar power.
In 2020, Dominion sold its mid-stream pipeline business, which had accounted for approximately a quarter of its earnings, owing to increasing obstacles to building and completing pipelines and cut its dividend by 28%. Since then, it has steadily grown its regulated utility business by about 6%-7% annually.
Income Investor
Dominion is best suited for investors willing to accept a smaller likelihood of a rising dividend in the near future in exchange for an initially higher yield and the possibility of substantial growth in earnings over time. Buy now at the current price. With a $52 billion market capitalization and average daily volumes of over 5 million shares traded, investors will have no trouble getting their orders filled.
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D was first recommended here on September 5, 2025