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Dominion Energy Inc D

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Morningstar’s Analysis

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Dominion Energy Reports Strong Q1 Results; Growth Investments on Track

Charles Fishman, CFA Equity Analyst

Analyst Note

| Charles Fishman, CFA |

We are reaffirming our $81 fair value estimate after Dominion Energy reported strong 2021 first-quarter earnings, reaffirmed 2021 operating earnings guidance, and reaffirmed long-term EPS and dividend growth guidance. Dominion also reaffirmed its $32 billion five-year capital investment plan, approximately 82% focused on decarbonization and 70%-plus eligible for rate rider regulatory mechanisms. 

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Company Profile

Business Description

Based in Richmond, Virginia, Dominion Energy is an integrated energy company with approximately 30 gigawatts of electric generation capacity and more than 93,000 miles of electric transmission and distribution lines. In 2019, Dominion completed a liquefied natural gas export facility in Maryland and is now beginning a 5.2 GW wind farm 27 miles off the Virginia Beach coast. The wind farm would be the largest in the U.S.

Contact
120 Tredegar Street
Richmond, VA, 23219
T +1 804 819-2000
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type High Yield
Employees 17,300

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