Dominion Energy, Inc. (NYSE:D) is one of the stocks Jim Cramer put under the spotlight. Cramer discussed the company’s valuation and yield during the episode, as he said:
“The story has been simplified significantly over the past couple of years after management reigned in the renewable investments and simplified its business, including with the sale of three gas distribution businesses to Enbridge for $14 billion last year. Ever since that Enbridge deal closed last year, Dominion’s just been a juggernaut. The company now is a much cleaner story, one that’s centered around providing a dependable, growing supply of power to many data centers in Northern Virginia. According to management, their total data center power capacity under a contract has almost doubled in just over half a year. Best of all, the stock sells for 18 times this year’s earnings estimates with a hefty 4.3% dividend yield. So cheaper than Entergy.”
A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels
Dominion Energy, Inc. (NYSE:D) provides regulated electricity and natural gas services through extensive generation, transmission, and distribution networks.
While we acknowledge the potential of D as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.