Dominion Energy Hits 52-Week High: What's Driving the Stock?

Dominion Energy (D) touched a new 52-week high of $58.13 on Sept. 5. It closed the trading session at $57.34, up 3.4% from that recorded on Aug. 28. This increase was fueled by the approval of Dominion Energy Virginia's application to extend North Anna Power Station's operating licenses for an additional 20 years. D stock has gained 21.7% in the past six months, outperforming the Zacks Utility- Electric Power industry's growth of 20.4%, the Zacks Utilities sector rally of 16.8% and the Zacks S&P 500 composi ...