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5 Best Utility Stocks To Buy Now

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In this article, we discuss the 5 best utility stocks to buy now. If you prefer to read our detailed analysis of the utility sector, go directly to the 16 Best Utility Stocks To Buy Now.

5. Dominion Energy Inc (NYSE:D)

Market cap as of March 28: $45.74 Billion
Number of Hedge Fund Holders: 41

Dominion Energy Inc (NYSE:D), based in Richmond, Virginia, provides energy to 7 million customers in 13 states and employs over 17,000 people. Its key units include offshore wind, solar, and nuclear power. Dominion is committed to achieving net-zero carbon dioxide and methane emissions by 2050 and invests in renewable energy production facilities.

Dominion Energy Inc (NYSE:D) possesses around 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines. In addition to that, it has ownership of an LNG export facility in Maryland, and it is in the process of building a 5.2 GW wind farm situated off the coast of Virginia.

Of the 943 hedge funds tracked by Insider Monkey, 41 funds reported owning stakes in Dominion Energy Inc (NYSE:D) in Q4 2022, compared with 29 in the preceding quarter. Among these hedge funds, Steve Cohen’s Point72 Asset Management is the company’s most notable stakeholder, with 3.81 million shares worth $233.5 million.

Carillon Tower Advisers made the following comment about Dominion Energy, Inc. (NYSE:D) in its Q4 2022 investor letter:

“Dominion Energy, Inc. (NYSE:D) traded lower following the surprise announcement of the company’s strategic review. The company is likely to sell several business units, which will impact future earnings. As a result of earnings uncertainty, we decided to sell the stock.”

Follow Dominion Energy Inc (NYSE:D)

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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