Capital Fund Management S.A. increased its holdings in shares of WGL Holdings Inc (NYSE:WGL) by 14.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,562 shares of the utilities provider’s stock after purchasing an additional 8,731 shares during the period. Capital Fund Management S.A. owned 0.14% of WGL Holdings worth $5,804,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of WGL Holdings by 3,986.0% during the first quarter. BlackRock Inc. now owns 5,449,997 shares of the utilities provider’s stock valued at $449,789,000 after purchasing an additional 5,316,615 shares in the last quarter. State Street Corp boosted its stake in shares of WGL Holdings by 4.6% during the first quarter. State Street Corp now owns 4,025,759 shares of the utilities provider’s stock valued at $332,254,000 after purchasing an additional 177,248 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of WGL Holdings by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 1,108,788 shares of the utilities provider’s stock valued at $91,509,000 after purchasing an additional 50,835 shares in the last quarter. JPMorgan Chase Co. boosted its stake in shares of WGL Holdings by 15.9% during the second quarter. JPMorgan Chase Co. now owns 837,443 shares of the utilities provider’s stock valued at $69,868,000 after purchasing an additional 114,947 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of WGL Holdings by 14.0% during the first quarter. Geode Capital Management LLC now owns 410,279 shares of the utilities provider’s stock valued at $33,860,000 after purchasing an additional 50,288 shares in the last quarter. Hedge funds and other institutional investors own 69.05% of the company’s stock.
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A number of research firms have recently issued reports on WGL. Hilliard Lyons upgraded shares of WGL Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BidaskClub downgraded shares of WGL Holdings from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $76.75.
In other WGL Holdings news, Director Debra L. Lee sold 2,122 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $84.00, for a total transaction of $178,248.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.99% of the stock is currently owned by insiders.
Shares of WGL Holdings Inc (NYSE WGL) opened at 84.66 on Tuesday. The firm has a 50-day moving average of $84.55 and a 200 day moving average of $83.50. The firm has a market capitalization of $4.34 billion, a P/E ratio of 24.11 and a beta of 0.69. WGL Holdings Inc has a 52 week low of $58.66 and a 52 week high of $86.89.
WGL Holdings (NYSE:WGL) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $474.36 million during the quarter, compared to analyst estimates of $477.01 million. WGL Holdings had a return on equity of 11.76% and a net margin of 7.60%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities research analysts expect that WGL Holdings Inc will post $3.22 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, October 6th. WGL Holdings’s dividend payout ratio (DPR) is presently 58.12%.
WGL Holdings 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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