Crossmark Global Holdings Inc. bought a new stake in WGL Holdings Inc (NYSE:WGL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,256 shares of the utilities provider’s stock, valued at approximately $358,000.
Several other institutional investors have also made changes to their positions in WGL. Sentry Investments Corp. bought a new stake in shares of WGL in the second quarter valued at about $14,534,000. FMR LLC bought a new stake in shares of WGL in the second quarter valued at about $12,808,000. Renaissance Technologies LLC bought a new stake in shares of WGL in the second quarter valued at about $12,565,000. Farallon Capital Management LLC bought a new stake in shares of WGL in the second quarter valued at about $10,012,000. Finally, JPMorgan Chase & Co. boosted its position in shares of WGL by 15.9% in the second quarter. JPMorgan Chase & Co. now owns 837,443 shares of the utilities provider’s stock valued at $69,868,000 after acquiring an additional 114,947 shares during the period. 70.41% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on WGL shares. Hilliard Lyons raised shares of WGL from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 29th. Zacks Investment Research downgraded WGL from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, BidaskClub downgraded WGL from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. WGL currently has a consensus rating of “Hold” and an average target price of $76.50.
In related 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 value of $178,248.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.09% of the stock is owned by insiders.
WGL Holdings Inc (NYSE:WGL) traded up $0.04 during mid-day trading on Friday, reaching $84.23. The company had a trading volume of 344,095 shares, compared to its average volume of 268,445. The firm has a market capitalization of $4,325.46, a P/E ratio of 26.32, a PEG ratio of 3.78 and a beta of 0.68. WGL Holdings Inc has a fifty-two week low of $66.36 and a fifty-two week high of $86.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.51 and a current ratio of 0.67.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.42%. WGL’s dividend payout ratio (DPR) is presently 54.55%.
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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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