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

Summit Trail Advisors LLC boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 83.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,194 shares of the utilities provider’s stock after acquiring 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 SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC increased its position in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dominion Energy Trading Up 0.8 %

Dominion Energy stock opened at $55.73 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock has a 50-day simple moving average of $54.47 and a 200 day simple moving average of $56.25. The stock has a market capitalization of $46.81 billion, a P/E ratio of 19.55, a PEG ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy Announces Dividend

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

Dominion Energy 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.