24/7 Wall St. Insights Dividend stocks will get a solid tailwind from falling interest rates.
Dominion Energy, a regulated utility, is benefiting from surging power demand due to AI and industrial growth, driving a 30% stock price increase this year. Despite the rally, major research houses have downgraded utilities, citing that macro factors are priced in, potentially leading to a near-term correction. Dominion's $43 billion investment in grid expansion will support a 6% annual EPS growth; however, the dividend will not be increased.
Dominion Energy is set to gain from the company's investments to strengthen its infrastructure, while the timely completion of several development projects remains a concern.
Dominion Energy (D) closed at $56.81 in the latest trading session, marking a -0.49% move from the prior day.
These high-yield, low-risk dividend stocks stand out with potential rate cuts on the way.
Dominion Energy (D) reachead $58.36 at the closing of the latest trading day, reflecting a +0.21% change compared to its last close.
Realty Income Corp. stands out with a 55-year track record, diversified properties and solid financials, offering a 5% yield and growth potential. Cohen & Steers Infrastructure Fund provides diversified exposure to utilities, energy, and real estate with a 7.2% yield and benefits from rising electrification and data center demand. Both investments offer strong fundamentals and reliable monthly dividends, making them attractive choices for income-focused investors.
Dominion Energy's recent asset sales and debt reduction have improved its financial outlook, warranting an upgrade from 'hold' to a 'soft buy'. The company has significant infrastructure, including 29.5 gigawatts of electric capacity and extensive transmission and distribution networks. Management's guidance for 2024 suggests strong EBITDA and operating cash flow growth, positioning Dominion Energy as undervalued compared to peers.
Dominion Energy (D) reachead $57.13 at the closing of the latest trading day, reflecting a -0.16% change compared to its last close.
The latest trading day saw Dominion Energy (D) settling at $57.93, representing a +0.78% change from its previous close.
Dominion Energy isn't a boring utility stock. D.R. Horton is poised to benefit from rate cuts and a major U.S. housing shortage.
In the most recent trading session, Dominion Energy (D) closed at $58.53, indicating a +0.64% shift from the previous trading day.