Is it Still a Smart Move to Invest in High-Yield Dominion Energy Stock?

Dominion Energy’s stock price is currently about 35% below its 2020 peaks, although it has seen a 15% increase in the past year. The company is prioritizing debt reduction and reinvestment, bolstered by its sale of three regulated natural gas utilities to Enbridge, which streamlines its focus on regulated electric utilities. Historically diverse, Dominion has divested various assets, including its pipeline segment sold to Berkshire Hathaway, which prompted a dividend cut. Currently, the company offers a dividend yield of 4.7% and aims for 5% to 7% earnings growth through a $43 billion capital investment strategy through 2029.

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