What Makes Dominion Energy (D) an Attractive Bet?

Hennessy Equity and Income Fund's Q2 2026 investor letter revealed Dominion Energy, Inc. (NYSE:D) as an attractive investment opportunity. The fund's bottom-up approach led to the addition of Dominion Energy, Inc., a predominantly regulated utility, due to its high-quality business profile and attractive valuation. The company, which generates over 90% of its earnings from regulated electric and gas utilities in Virginia, North Carolina, and South Carolina, has been strengthening its balance sheet through asset sales, debt reduction, and a partnership on its offshore wind project.

Dominion Energy, Inc.'s regulated business model and growing power demand from data centers and AI usage are expected to benefit from long-term growth trends. Despite some hedge funds holding Dominion Energy, Inc. (NYSE:D), the fund believes AI stocks pose greater upside potential with less downside risk.