PCG - Reasons to Add Dominion Energy to Your Portfolio Now | Benzinga
Dominion Energy Inc.'s (NYSE: D) earnings estimates have been revised upward, reflecting analysts' optimism surrounding the stock. The Zacks Consensus Estimate for 2024 and 2025 earnings reflects a year-over-year increase of 38.2% and 22.9%, respectively. The company reported a positive earnings surprise of 7.84% in the last quarter.
Let's focus on the factors that make this Zacks Rank #2 (Buy) company a good investment pick at the moment.
Strong Investment Plan
Dominion Energy has well-chalked plans to invest $43 billion in different projects in the 2025-2029 time frame. These investments will be directed toward modernizing and strengthening the company's existing infrastructure, which should enable D to better serve its expanding customer base. Dominion Energy continues to fortify its infrastructure by burying overhead power lines to reduce the time for restoration of power in outage-prone areas in the hurricane season.
Dominion Energy's long-term objective is to add 24 GW of battery storage, solar, hydro and wind (offshore as well as onshore) projects by 2036 and increase ...