Chevy Chase Trust Holdings Reduces Stake in Dominion Energy

Institutional investor trims position in major utilities provider

Mar. 17, 2026 at 8:11am

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Chevy Chase Trust Holdings LLC, a financial services firm, has reduced its stake in Dominion Energy Inc. (NYSE:D) by 3.1% in the third quarter, according to a regulatory filing. The firm now owns 439,605 shares of the utilities provider's stock, valued at $26.9 million.

Why it matters

Dominion Energy is a major electric and natural gas utility serving customers across several states. Changes in institutional ownership of the company's stock can provide insights into market sentiment and investment trends in the utilities sector.

The details

Chevy Chase Trust Holdings sold 14,095 shares of Dominion Energy during the third quarter, reducing its total position to 439,605 shares. The firm cited portfolio rebalancing and market conditions as factors behind the decision to trim its stake in the utilities provider.

  • Chevy Chase Trust Holdings reduced its Dominion Energy stake in the third quarter of 2026.

The players

Chevy Chase Trust Holdings LLC

A financial services firm that manages investments and portfolios for institutional and individual clients.

Dominion Energy Inc.

A diversified energy company that operates regulated electricity and natural gas utilities, as well as energy infrastructure businesses.

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The takeaway

The reduction in Chevy Chase Trust Holdings' Dominion Energy stake suggests the firm may have a more cautious outlook on the utilities sector or the company's prospects, though the reasons behind the move are not entirely clear. Investors will likely continue to monitor changes in institutional ownership of Dominion Energy stock for clues about market sentiment.