Dominion Resources, Inc. (D) is one of the largest utility companies in America operating in the electric and gas utility subsectors. The company produces and transports energy serving 5 million utility and retail energy customers in 10 states. The company operates through three segments: Dominion Virginia Power, Dominion Generation, and Dominion Energy.
A combined gas-and-electric utility business has been identified in the industry as the path to growth going forward. Dominion owning its own natural gas infrastructure, has a competitive advantage in this sense over its competitors, and while they play catch up, Dominion is investing to incrementally upgrade and better the infrastructure totaling upto $19.2B between 2015 and 2020. Going forward this should bode well for the earnings growth. The company is a dividend contender having raised dividends for 12 consecutive years, with a 5-year dividend CAGR of 6.5%, and has a Chowder Rule of 10.04.
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