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    BAM.A   CA1125851040

BROOKFIELD ASSET MANAGEMENT INC.

(BAM.A)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-01-27 pm EST
50.22 CAD   +0.72%
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Dominion Energy weighing sale of stake in Cove Point LNG Facility -Bloomberg

11/07/2022 | 05:22pm EST
FILE PHOTO: Snow covered transfer lines leading to storage tanks at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland

(Reuters) - Dominion Energy Inc is considering selling its multi-billion-dollar stake in the Cove Point liquefied natural gas (LNG) facility in Maryland's Chesapeake Bay, Bloomberg News reported on Monday citing people with knowledge of the matter.

The company is working with advisers to solicit interest from potential suitors including infrastructure funds, according to the Bloomberg report.

Talks are at an early stage, and Dominion could still decide to hold onto the 50% stake, the people said.

Dominion was not immediately available for a comment.

The Cove Point terminal is operated by Berkshire Hathaway Inc's Berkshire Hathaway Energy, which owns 25% of the facility. The rest is owned by units of Dominion Energy (50%) and Brookfield Asset Management Inc (25%).

Shares of Dominion Energy dropped on Monday as the company initiates a "top-to-bottom" review to weigh strategic business actions, as its shares have been underperforming over the past several years.

(Reporting by Swati Verma in Bengaluru; Editing by Chris Reese)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. 0.01% 470000 Delayed Quote.0.28%
BROOKFIELD ASSET MANAGEMENT INC. 0.72% 50.22 Delayed Quote.17.94%
DOMINION ENERGY, INC. -0.21% 62.45 Delayed Quote.1.84%
S&P GSCI NATURAL GAS INDEX 0.04% 133.3926 Real-time Quote.-34.86%
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Analyst Recommendations on BROOKFIELD ASSET MANAGEMENT INC.
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Financials (USD)
Sales 2022 93 566 M - -
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 17,4x
Yield 2022 1,52%
Capitalization 59 377 M 59 377 M -
Capi. / Sales 2022 0,63x
Capi. / Sales 2023 0,65x
Nbr of Employees 180 000
Free-Float 76,1%
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Technical analysis trends BROOKFIELD ASSET MANAGEMENT INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 37,72 $
Average target price 44,67 $
Spread / Average Target 18,4%
EPS Revisions
Managers and Directors
James Bruce Flatt Chief Executive Officer & Director
Nicholas Goodman President & Chief Financial Officer
Frank J. McKenna Chairman
Dominic Dodds Managing Director-Technology
Lori A. Pearson Chief Operating Officer & Senior Managing Partner
Sector and Competitors