It's clear that the higher dividend stocks are under pressure.
With more rate hikes in the future from the fed, you have a choice growth stocks or bonds. There is a point where the stock price will hold firm, but where? Charts say get out while you can.
While utilities are out of favor, this stock gives a 4.56% dividend yield. Beware you are competing against bonds on this one, and interest rates that are rising. It's hard to not grab this one at its current price, but if it hits the 2014 average of $70 how can you not snag it?
Dominion Energy (NYSE: D) is one of the nation's largest producers and transporters of energy. They rank 238 in Fortune 500 back in 2017. 20% of their new hires are veterans. generate approximately 25,700 megawatts of electric, and they have about 15,000 miles of natural gas transmission, gathering and distribution pipeline. They have about 16,200 employees.
They can trace their roots back to 1787, when the Virginia General Assembly authorized, by charter, the creation of the Appomattox Trustees.
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The technicals, they are sporting a 22.3 P/E currently compared to the utilities sector standing at 26.3
Their earnings growth this last year has outpaced their 5 year growth rate. While this is positive, last quarters earnings compared to a year ago where down 8.77%
The stock price has fallen enough to be seriously looked at now. It has a 4.42% yield currently, and with any future growth coming this will be a good hold.