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Dominion Energy (D) can be a good choice for your portfolio given its long-term investment plan and renewable focus. But delay in completion of the Atlantic Coast Pipeline a concern.
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Dominion Energy, Inc., commonly referred to as Dominion, is an American energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, Idaho and Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia.
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Margins matter. The more Dominion Resources (NYS: D) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
On July 1, 2010, the company completed the corporate spin-off of its exploration and production business as QEP Resources. [19] In December 2015, Tesoro Logistics LP acquired its natural-gas pipeline and processing business for $2.5 billion in cash. [20] In 2021, QEP Resources was acquired by Diamondback Energy. [21]
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