D - Dominion Energy: Why One Of The Most Disliked Stocks May Be 33% Undervalued

2024-03-15 17:34:31 ET

Summary

• Dominion Energy, Inc. shows signs of a turnaround with a clear growth plan and potential for 5-7% annual EPS growth.
• Dividend hikes may be delayed, but the company's commitment to maintaining its current dividend provides some security.
• Strong market demand and streamlined operations position Dominion Energy well for the future, despite its volatile past.

Introduction

I have written two articles on Dominion Energy, Inc. ( D ) on Seeking Alpha.

The most recent article was written on December 24, when I went with the title "Dominion Energy: I'm Turning Bullish On This 5.6%-Yielding Turnaround Play."

As the title gave away, I became bullish back then.

Since then, the stock has returned 4.2%. While this is lower than the market's 8.5% return, we are seeing the signs of a bottom, as it seems that the company is finally on a path to sustained growth and consistent shareholder returns....

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