Dominion Energy: 3 Reasons Why We Are Downgrading It
DDominion Energy(D) Seeking Alpha·2024-05-08 05:44

JHVEPhoto On our last coverage of Dominion Energy, Inc. (NYSE: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. We had a neutral rating on the stock and are upgrading this to a buy as well. As we expect utilities to remain under pressure from interest rate hikes, we would ...