D - Dominion Energy: 3 Reasons Why We Are Downgrading It
2024-05-07 17:44:08 ET
Summary
- Dominion Energy's earnings in 2023 were worse than what we expected.
- Over the past 6 years, earnings are down over 40%.
- We go over why we had an optimistic bent in September 2023, but are now moving to the sidelines.
On our last coverage of Dominion Energy, Inc. ( D ), we looked at the asset sales from the company to Enbridge Inc. ( ENB ), ( ENB:CA ). The market was unusually antsy and beat down both the buyer and the seller. Surely the deal could not be bad for both? We actually took the opportunity to upgrade Dominion Energy to a Buy after that drop....
Dominion Energy: 3 Reasons Why We Are Downgrading It