Robecosam AG lifted its position in shares of WGL Holdings Inc (NYSE:WGL) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,000 shares of the utilities provider’s stock after acquiring an additional 8,000 shares during the quarter. Robecosam AG owned 0.17% of WGL Holdings worth $7,379,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased 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 worth $449,789,000 after acquiring an additional 5,316,615 shares during the period. Vanguard Group Inc. grew its position in WGL Holdings by 1.4% during the second quarter. Vanguard Group Inc. now owns 4,560,383 shares of the utilities provider’s stock worth $380,473,000 after buying an additional 64,602 shares during the period. State Street Corp grew its position in WGL Holdings by 4.6% during the first quarter. State Street Corp now owns 4,025,759 shares of the utilities provider’s stock worth $332,254,000 after buying an additional 177,248 shares during the period. Northern Trust Corp grew its position in WGL Holdings by 1.3% during the second quarter. Northern Trust Corp now owns 1,372,474 shares of the utilities provider’s stock worth $114,507,000 after buying an additional 17,818 shares during the period. Finally, Earnest Partners LLC grew its position in WGL Holdings by 1.1% during the second quarter. Earnest Partners LLC now owns 1,250,012 shares of the utilities provider’s stock worth $104,289,000 after buying an additional 13,567 shares during the period. Institutional investors and hedge funds own 69.05% of the company’s stock.
Shares of WGL Holdings Inc (WGL) traded down 0.11% on Friday, reaching $85.44. 27,334 shares of the company’s stock traded hands. WGL Holdings Inc has a 52 week low of $59.07 and a 52 week high of $86.89. The company has a 50 day moving average price of $84.53 and a 200 day moving average price of $83.73. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 24.33 and a beta of 0.68.
WGL Holdings (NYSE:WGL) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities research analysts predict that WGL Holdings Inc will post $3.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.04 annualized dividend and a dividend yield of 2.39%. WGL Holdings’s dividend payout ratio is currently 58.12%.
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In other news, Director Debra L. Lee sold 2,122 shares of WGL Holdings stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $84.00, for a total value of $178,248.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.09% of the company’s stock.
Several research analysts have weighed in on WGL shares. BidaskClub upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of WGL Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Hilliard Lyons upgraded shares of WGL Holdings from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.67.
About WGL Holdings
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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