Gamco Investors INC. ET AL trimmed its stake in shares of WGL Holdings Inc (NYSE:WGL) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,250 shares of the utilities provider’s stock after selling 2,400 shares during the period. Gamco Investors INC. ET AL’s holdings in WGL were worth $1,137,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of WGL. Magnetar Financial LLC lifted its position in shares of WGL by 58.6% during the 3rd quarter. Magnetar Financial LLC now owns 1,585,696 shares of the utilities provider’s stock valued at $133,516,000 after acquiring an additional 586,112 shares during the period. State of Wisconsin Investment Board increased its stake in shares of WGL by 214.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 247,201 shares of the utilities provider’s stock worth $20,814,000 after purchasing an additional 168,701 shares in the last quarter. FMR LLC purchased a new position in shares of WGL during the 2nd quarter worth approximately $12,808,000. Renaissance Technologies LLC purchased a new position in shares of WGL during the 2nd quarter worth approximately $12,565,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of WGL by 23.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 400,913 shares of the utilities provider’s stock worth $33,757,000 after purchasing an additional 77,093 shares in the last quarter. Institutional investors own 69.28% of the company’s stock.
Separately, Zacks Investment Research cut shares of WGL from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th.
WGL Holdings Inc (NYSE WGL) opened at $84.33 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.78. WGL Holdings Inc has a 12 month low of $81.59 and a 12 month high of $86.89. The firm has a market cap of $4,355.26, a P/E ratio of 15.94, a PEG ratio of 3.86 and a beta of 0.56.
WGL (NYSE:WGL) last issued its quarterly earnings data 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. WGL had a net margin of 11.40% and a return on equity of 12.67%. The business had revenue of $429.12 million during the quarter, compared to analysts’ expectations of $479.60 million. research analysts predict that WGL Holdings Inc will post 3.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.04 annualized dividend and a yield of 2.42%. WGL’s payout ratio is currently 38.56%.
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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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