Summary: Dominion Energy is a leading energy company providing electricity and natural gas solutions across the United States, as well as attracting a good portion of investors looking for long-term dividend investments. In this guide, you will learn how to buy Dominion Energy stock through an online brokerage platform such as eToro.
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About Dominion Energy
Dominion Energy (NYSE: D) — often shortened to just Dominion — is a prominent American energy company. It provides electricity to regions in Virginia and the Carolinas and distributes natural gas to areas in Utah, Idaho, Wyoming, West Virginia, Ohio, Pennsylvania, and Georgia. Additionally, Dominion operates generation facilities in Indiana, Illinois, Connecticut, and Rhode Island.
How to buy Dominion Energy stock: Step-by-step
Dominion Energy is an S&P 500 Index and DJUA component traded on the New York Stock Exchange (NYSE) under the ticker symbol D. As of February 2024, the company has a market cap of ~$38 billion. To invest in Equitrans Midstream, simply:
- Find a broker: Find a brokerage platform that lists D shares;
- Register and fund your account;
- Place a trade: Find D shares on the broker’s platform and place a trade;
- Monitor your investment.
Step 1: Find a broker
You can start your investment journey by finding a trustworthy and regulated online brokerage that will give you access to the stock exchange. When exploring your options, remember to seek out platforms that not only feature Dominion Energy stock but provide clear fee structures and user-friendly interfaces too.
We recommend eToro, one of the leading trading platforms with millions of daily users and investing features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Once you’ve found a fitting brokerage, proceed to register an account. Simply follow the platform’s registration guidelines and provide the required personal information for identity verification.
Following registration, you can fund your account by transferring money from your bank account. Many platforms provide multiple funding methods, including:
- Bank transfers;
- Credit/debit cards;
- e-wallets;
- Third-party payment systems like PayPal.
Step 3: Place a trade
Finally, you can buy Dominion Energy stock by following these simple steps:
- Log in on your broker’s website;
- Find D shares;
- Specify the number of shares you wish to buy (or the dollar amount you wish to invest);
- Select order type (i.e., market, limit, stop-loss, etc.);
- Review all the details once more;
- Execute the trade.
Step 4: Monitor your investment
Once you’ve placed your trades, it’s crucial to keep a close eye on the performance of your investment. Start by looking at charts and market analysis tools available on your brokerage platform to monitor the stock’s price fluctuations and stay informed about any potentially important news or events that could influence it.
Furthermore, try to set up notifications about significant market changes and read up on what more experienced investors are saying about the stock. If you spot a potentially more lucrative investment opportunity, be prepared to adapt your trading strategy and enhance your odds of long-term profitability.
For similar investments, feel free to check out our guide on the best wind power stocks as well as our guides on:
- How to Buy Vestas Wind System Stock;
- How to Buy General Electric Stock;
- How to Buy Northland Power Stock.
Dominion Energy stock price today
Is Dominion Energy stock a buy or a sell?
Whether Dominion Energy is a buy or sell will depend on many factors, including your subjective financial goals and more objective metrics such as the state of the industry and the company’s health.
Prior to making any investment commitments, ensure you grasp the inherent volatility of stock markets. That is, ground your investment decisions in fundamental analysis and thorough research, not on hunches.
Furthermore, incorporating technical analysis to scrutinize historical price trends and chart patterns can offer valuable insights, simplifying your decision-making throughout the investment process.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
How to buy Dominion Energy stock safely
To buy Dominion Energy stock safely, try avoiding common investing mistakes as they can significantly impact your success as an investor. Some of the worst mistakes you can make include:
- Impulsive decisions: Take the time to do some research instead of investing blindly;
- Overlooking fees: High fees and commissions can reduce your profits;
- No diversifying: Avoid putting all your money and hopes into a single asset. Instead, diversify your portfolio to spread risk;
- Set realistic goals: Stocks are volatile, meaning they are better approached as a long-term investment.
Pros and cons of investing in Dominion Energy
Pros
- Strong domestic market presence: Dominion Energy provides electricity and energy solutions across wide swathes of the US;
- Dividends: Dominion Energy has a history of paying dividends (5.85% as of February 2024);
- Innovation and growth: Dominion revised its business model, making it more streamlined and much simpler to understand and track;
- Federal approval: The company received federal approval in 2024 for new offshore wind projects.
Cons
- Relatively high debt-to-equity ratio: Dominion has a relatively high debt-to-equity ratio;
- Profit margins are a bit lower: Dominion’s profits failed to meet expectations in 2023.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Dominion Energy stock
Can I buy Dominion Energy stock directly from the company?
Yes, Dominion does allow investors to buy its stock directly from the company.
What is Dominion Energy’s stock symbol?
Dominion Energy is listed on the New York Stock Exchange (NYSE) under the stock symbol D.
Did Dominion Energy stock split?
Dominion Energy stock had two stock splits, one in 1992 and one in 2007.
How often does Dominion Energy pay dividends?
Dominion Energy usually pays quarterly dividends.
Where can I buy Dominion Energy stock?
You can buy Dominion Energy stock directly from the company or through online investment platforms such as eToro.
How to buy Dominion Energy stock?
To buy Dominion Energy stock, you can register an account with an online investment platform such as eToro.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
