Dominion Energy, down 35% from 2020 peak, aims for 5-7% annual earnings and dividend growth through 2029.

Dominion Energy, a utility stock with a high-yield dividend, has gained 15% in the past year despite being 35% below its 2020 peak. The company is streamlining operations, selling assets to pay down debt and invest in its business, including a $43B capital investment plan. Dominion aims for annual 5-7% earnings growth through 2029, with potential dividend growth of 5-7% per year once its payout ratio aligns with peers.