State Treasurer State of Michigan reduced its stake in WGL Holdings Inc (NYSE:WGL) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,440 shares of the utilities provider’s stock after selling 800 shares during the quarter. State Treasurer State of Michigan’s holdings in WGL were worth $1,583,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of WGL by 55.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,735 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 979 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in WGL in the third quarter worth approximately $312,000. Heritage Investors Management Corp increased its holdings in WGL by 41.4% in the third quarter. Heritage Investors Management Corp now owns 3,799 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 1,112 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in WGL in the third quarter worth approximately $358,000. Finally, Wendell David Associates Inc. increased its holdings in WGL by 29.2% in the third quarter. Wendell David Associates Inc. now owns 4,717 shares of the utilities provider’s stock worth $397,000 after purchasing an additional 1,067 shares in the last quarter. 69.28% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research downgraded WGL from a “hold” rating to a “sell” rating in a report on Thursday, November 30th.
Shares of WGL Holdings Inc (NYSE WGL) opened at $84.10 on Thursday. The firm has a market capitalization of $4,331.12, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 3.74 and a beta of 0.56. The company has a quick ratio of 0.64, a current ratio of 0.78 and a debt-to-equity ratio of 1.04. WGL Holdings Inc has a 1-year low of $81.59 and a 1-year high of $86.89.
WGL (NYSE:WGL) last issued its earnings results on Friday, November 17th. The utilities provider reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.02. The business had revenue of $429.12 million during the quarter, compared to the consensus estimate of $479.60 million. WGL had a return on equity of 12.67% and a net margin of 11.40%. equities analysts anticipate that WGL Holdings Inc will post 3.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.04 dividend on an annualized basis and a yield of 2.43%. WGL’s payout ratio is currently 38.56%.
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WGL Company Profile
WGL Holdings, Inc (WGL) is a holding company. The Company operates through four segments. The Regulated Utility segment consists of Washington Gas Light Company, which provides regulated gas distribution services to end use customers and natural gas transportation services to an unaffiliated natural gas distribution company and Hampshire Gas Company, which provides regulated interstate natural gas storage services.
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