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Wall Street Cheers This High-Yield Stock's Big Announcement: Is It a Buy?

TheMotleyFool

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Wall Street Cheers This High-Yield Stock's Big Announcement: Is It a Buy?: https://g.foolcdn.com/editorial/images/755137/23_08_15-a-frustrated-investor-looking-at-a-computer-_mf-dload.jpg

Uncertainty is one thing that Wall Street really doesn't appreciate. So when Dominion Energy (NYSE: D) announced in late 2022 that it was undergoing a business review, investors started to dump the stock.

During the company's recent third-quarter 2023 earnings call, management outlined what it had done so far and, more importantly, the final step in the review process. Investors cheered the news with a stock rally.

Here's why it might be worth buying this newly streamlined utility now.

Source Fool.com