Dominion Energy’s SCANA acquisition hit 2019 net income; however, operating earnings were strong. The company's Net Zero initiative puts it well into the clean-energy game.
The $70.6 billion market cap company stock is high but offers a dividend yield of 4.4%. Permitting for its Atlantic Coast pipeline will be decided soon by the Supreme Court.
Despite low Asian LNG prices, Dominion Energy's Cove Point LNG is less affected since its 20-year take-or-pay contracts are with non-Chinese entities. Low U.S. gas prices otherwise substantially benefit Dominion.
The overall stock market is at a top and so is Dominion Energy (D). With a multi-billion-dollar chunk of SCANA integration costs in the 2019 rearview mirror, the company projects future operating earnings,