Trading at a still cheap 7.3 times estimated 2023 earnings, Citigroup stock looks quite reasonable in what remains a volatile stock market and in a sector that has dramatically lagged.
Shareholders receive a 5.05% dividend. The $85 Oppenheimer price target is a Wall Street high. and Citigroup stock has a consensus target of just $54.58. The shares closed trading on Thursday at $40.73.
Dominion Energy
With one of the highest dividends in the sector, this top utility offers big total return potential. Dominion Energy Inc. (NYSE: D) is an American power and energy company that operates through the following four segments.
The Dominion Energy Virginia segment generates, transmits and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial and governmental customers in Virginia and North Carolina.
The Gas Distribution segment is involved in the regulated natural gas sales, transportation, gathering, storage and distribution operations in Ohio, North Carolina, Utah southwestern Wyoming, and southeastern Idaho that serve approximately 3.0 million residential, commercial and industrial customers. It also has nonregulated renewable natural gas facilities in operation.
The Dominion Energy South Carolina segment generates, transmits and distributes electricity to approximately 782,000 customers in the central, southern and southwestern portions of South Carolina, and it distributes natural gas to approximately 435,000 residential, commercial, and industrial customers in South Carolina.
The Contracted Assets segment is involved in the nonregulated long-term contracted renewable electric generation and solar generation facility development operations, as well as gas transportation, liquefied natural gas (LNG) import and storage operations, and in the liquefaction facility.
Dominion Energy stock comes with a 5.81% dividend. The BMO Capital Markets target price of $54 compares with a $54.77 consensus target and Thursday’s close at $46.03.
Energy Transfer
This top master limited partnership is a safer play for investors looking for energy exposure and income. Energy Transfer L.P. (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all the major domestic production basins.
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