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What’s in Store for Dominion Energy Stock?

What’s in Store for Dominion Energy Stock?

Uncertainties regarding Dominion Energy’s (D) merger with SCANA (SCG) and the FERC’s (Federal Energy Regulatory Commission) policy revision have weighed on Dominion stock this year, and higher first-quarter earnings failed to boost Dominion Energy stock. So far this year, it has fallen more than 20%, while broader utilities (XLU) have fallen ~4%. Dominion Energy looks like it may stay weak in the near future considering its moving averages.