Dominion Energy Could Sell Cove Point LNG Facility

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Dominion Energy Intrinsic Stock Value – Dominion Energy ($NYSE:D) is one of the largest producers and transporters of energy in the United States. The company is said by Bloomberg News to be considering the sale of its multi-billion-dollar interest in the Cove Point LNG facility on Chesapeake Bay, citing people with knowledge of the matter. The utility company has enlisted advisers to scout for possible buyers of the facility, including infrastructure funds.

A Dominion representative declined to comment to Bloomberg about the potential sale. If Dominion does decide to sell the facility, it would likely be for a price tag in the billions of dollars.

Stock Price

On Monday, Dominion Energy stock opened at $65.1 and closed at $62.9, a drop of 6.2% from its prior closing price of $67.1. The drop came after it was announced that the company is considering selling its Cove Point LNG facility. The news of a possible sale has been met with mostly positive sentiment from the media. Some believe that this could be a good move for the company, as it would allow Dominion Energy to focus on its core businesses and reduce debt. Others believe that this could be a bad move, as it could make the company less diversified and more vulnerable to market fluctuations. At this time, it is unclear what Dominion Energy will ultimately decide to do with Cove Point.

However, the fact that the company is considering a sale shows that it is open to making changes in order to improve its financial situation. Live Quote…

About the Company

VI Analysis – Dominion Energy Intrinsic Stock Value

DOMINION ENERGY has strong fundamentals that reflect its long term potential. The company’s intrinsic value is around $67.7, which is fair considering its current share price of $62.9. DOMINION ENERGY is currently undervalued by 7%. More…

VI Peers

In the energy sector, Dominion Energy Inc is up against some stiff competition. WEC Energy Group Inc, OGE Energy Corp, and Central Puerto SA are all companies that it must compete with in order to stay afloat and continue to grow. Each company has its own strengths and weaknesses, so it is important for Dominion Energy Inc to keep an eye on the competition in order to stay ahead of the game.

– WEC Energy Group Inc ($NYSE:WEC)

WEC Energy Group Inc is a holding company that, through its subsidiaries, generates and distributes electric power and provides utility services in the Midwest and Mid-Atlantic United States. The Company serves approximately four million customers in Wisconsin, Illinois, Michigan, and Minnesota.

WEC Energy Group Inc has a market cap of 27.02B as of 2022. It has a ROE of 11.61%. The company is involved in the generation and distribution of electric power and provision of utility services in the Midwest and Mid-Atlantic United States. It serves around four million customers in Wisconsin, Illinois, Michigan, and Minnesota.

– OGE Energy Corp ($NYSE:OGE)

Duke Energy Corporation is an American electric power holding company headquartered in Charlotte, North Carolina. The company is the largest utility in the United States with 7.3 million customers in six states. Duke Energy operates a diverse mix of generation assets, including nuclear, coal-fired, oil- and natural gas-fired, and hydroelectric power plants. The company also owns a majority stake in gas pipeline operator Spectra Energy.

– Central Puerto SA ($NYSE:CEPU)

Central Puerto SA is an Argentinean electricity generation company. The company has a market cap of 1.34 billion as of 2022 and a return on equity of 7.42%. Central Puerto SA is a leading electricity generation company in Argentina and the Southern Cone of South America. The company operates a diversified portfolio of power plants that use different energy sources, including natural gas, diesel, and renewable energy. Central Puerto SA also has a significant presence in the Argentinean electricity market.

Summary

Dominion Energy is one of the largest producers and transporters of energy in the United States. The company owns and operates electric generation, transmission and distribution facilities, as well as natural gas storage, pipelines and hubs. Dominion also has a majority interest in Dominion Midstream Partners, a publicly traded master limited partnership.

Investing in Dominion Energy can provide investors with exposure to the U.S. energy sector. The company’s large size and diversified operations offer some stability and defensive characteristics, which can be appealing in uncertain economic environments.