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Morningstar: The US utility firm best placed for the gas boom
For investors looking for a good utilities investment, Morningstar Research recommends looking at Dominion Resources (D).
Analyst Travis Miller says he believes that around half of its earnings by 2019 will come from businesses such as electric transmission, oil and gas pipelines, and the Cove Point LNG facility. This is the only LNG facility on the East Coast, and it will take advantage of the shale gas that's available to ship overseas.
The stock currently yields 3.5% and according to Miller is slightly overvalued. But he predicts 6.5% earnings growth for the next five years.
01:16 minutes
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