Dominion Energy's Transformational Deal Makes It a Much Safer Retirement Stock

Dominion Energy (NYSE: D) announced a series of moves over the weekend, highlighted by the sale of its gas transmission and storage assets to Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). The transaction will transform the company by refocusing its efforts on expanding its core regulated electric and natural gas utility operations. This move, along with others Dominion Energy announced, will significantly enhance its financial profile while dramatically reducing its business model's risk.