The Daily Hype - Dominion Energy (D)

We are looking at Dominion Energy (D) today.

Why Dominion Energy (D) stock fell today?
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• The company just sold its natural gas assets to Berkshire Hathaway (Ticker: BRK.B / BRK.A). Once the deal was made, financial analysts downgraded the remaining business of Dominion Energy.
• Accompanies with the gas assets acquisition new, the company also announced the cancellation of the Atlantic Coast Pipeline, a combined effort with Duke Energy (Ticker: DUK) to transport gas along the Appalachian trail due to rising uncertainties and delays.
• What's most disappointing to us is that the company plans to use almost all the money it receives from Berkshire Hathaway to repurchase stocks. This is despite the company's capital-intensive aspirations to grow and transition to renewable energy sources by 2035. 

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