Dominion Energy Inc (D)

Shares of Dominion Energy (D) dropped by 5.28% from $44.67 to $42.31 in the trading on Monday October 2, 2023. The stock D is down today is due to the higher Treasuries' yield on 10-year. The nature of utilities makes their financials relatively predictable, with slow customer base growth and rate caps. This stability provides a foundation for steady dividends, which is why income investors often favor utilities. However, on Monday, the 10-year Treasuries yield jumped to its highest level since 2007, making them more appealing compared to utility dividends like Dominion, whose yield is at 6.3%.