Dominion Energy: Big Data Center Catalysts Make It A Buy

2025-03-11 07:30:00 ET

Summary

• Dominion Energy offers stability and growth, driven by robust electricity demand from data centers and disciplined capital spending, with 60% recoverable through regulatory mechanisms.
• Management guides for 5-7% annual operating EPS growth through 2029. Dominion currently yields 4.8% and the dividend is well-covered by 2025 estimated earnings.
• At the current valuation, D stock could reasonably deliver potential market-beating total returns.

Utility stocks can be a great way to ride out market volatility, especially if they have underlying growth catalysts. Such I find the case to be with Dominion Energy ( D ), which appears to be one such example that investors can rely on for income and growth potential....

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