Dominion Energy, Inc. (D) Stock forecasts

Resume

Dominion Energy has regulated electric and natural gas utility operations in 13 states. The company generates, transmits and distributes electricity, retail and wholesale. Dominion’s portfolio consists of 30,200 megawatts of generating capacity, 80,000 miles of electric distribution lines and 17,600 miles of electric transmission lines. Dominion serves 4.5 million customers. The electrical service region is primarily Virginia, North Carolina and South Carolina. In 2023, DEV accounted for approximately 67% of total revenue and DESC for approximately 24%. The company operates five nuclear manufacturing sites and Dominion’s fuel mix is ​​42% nuclear, although generation still comes from gas, coal and oil. To change this mix, Dominion is developing offshore wind farms and increasing the use of solar energy. However, the country does not expect to reach net-zero emissions until 2050, in line with its peers who rely heavily on coal. The company underwent a business review that ended in March 2024. As a result, it has increased its asset divestitures. The company will conduct its LNG activities in 2023 and 2024