Safe: Dominion Resources
Last week, Dominion Resources (NYSE:D) reported flat first-quarter earnings, largely on lower electricity demand, higher costs of restoring power after storm outages and a delayed opening of its new natural gas processing facility in West Virginia.
Nevertheless, Dominion is optimistic that its new focus on processing shale gas in its region — combined with its exit from coal processing — will give it a winning edge moving forward.
The stock is trading at all-time highs, and naturally is expensive on PEG and forward P/E fronts (2.49 and 17.2, respectively). However, Dominion has been increasing dividends for six years and has reliably paid out quarterly for decades.