(D) Dominion Energy - Ratings and Ratios

Dominion Energy, Inc. (NYSE:D) stands as a prominent figure in the utilities sector, delivering a diverse mix of regulated and non-regulated energy solutions. Operating through three distinct segments—Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy—the company navigates a complex energy landscape with precision and scale.

The Dominion Energy Virginia segment is the cornerstone, serving approximately 2.8 million customers across Virginia and North Carolina. This segments operations are a testament to reliability, generating, transmitting, and distributing electricity to a varied customer base that includes residential, commercial, industrial, and governmental entities. The sheer scale of its operations underscores its critical role in the regions economic fabric.

Complementing this, the Dominion Energy South Carolina segment caters to around 0.8 million electricity customers and 0.4 million natural gas customers, primarily in the central, southern, and southwestern areas of South Carolina. This dual-service approach not only diversifies the companys revenue streams but also highlights its strategic integration in the regions energy ecosystem.

The Contracted Energy segment represents Dominions foray into the future of energy. Focused on non-regulated, long-term contracted renewable electric generation and renewable natural gas facilities, this segment is pivotal in the companys sustainability efforts. It signifies a commitment to innovation and environmental stewardship, aligning with global trends towards cleaner energy sources.

As of December 31, 2023, Dominions asset portfolio is a marvel of scale and complexity. With approximately 29.5 gigawatts of electric generating capacity, the company boasts an extensive infrastructure network that includes 10,600 miles of electric transmission lines and 79,300 miles of distribution lines. Additionally, 94,800 miles of gas distribution mains underscore its comprehensive service capabilities.

Financially, Dominion presents a compelling case for investors. With a market capitalization of 46,460.95 million USD, the companys size offers stability. The price-to-earnings (P/E) ratio of 20.19 and a forward P/E of 16.16 suggest a balanced valuation, considering both current performance and future growth prospects. The price-to-book (P/B) ratio of 1.75 indicates a reasonable valuation relative to its assets, while the price-to-sales (P/S) ratio of 3.18 reflects its revenue generation efficiency.

Headquartered in Richmond, Virginia, Dominion Energy, Inc. has evolved from its origins as Dominion Resources, Inc., incorporating in 1983. This transformation mirrors its adaptive approach to the energy sectors evolving dynamics. For investors and fund managers, Dominion Energy offers a blend of stability, growth potential, and strategic positioning in both traditional and renewable energy markets.