Summit Trail Advisors LLC Has $549,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Summit Trail Advisors LLC grew its position in Dominion Energy, Inc. (NYSE:D) by 83.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,194 shares of the utilities provider’s stock after purchasing an additional 4,626 shares during the period. Summit Trail Advisors LLC’s holdings in Dominion Energy were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in D. Hotchkis & Wiley Capital Management LLC boosted its holdings in Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the period. Point72 Asset Management L.P. raised its position in shares of Dominion Energy by 10,324.8% in the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after buying an additional 2,229,220 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Dominion Energy by 7,438.3% in the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock valued at $85,734,000 after buying an additional 1,463,858 shares during the period. State Street Corp grew its position in Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.8 %

Shares of Dominion Energy stock opened at $55.73 on Wednesday. The firm’s 50 day moving average is $54.47 and its 200 day moving average is $56.25. The firm has a market capitalization of $46.81 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. Dominion Energy’s payout ratio is presently 93.68%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on D shares. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.