Albion Financial Group UT maintained its position in shares of WGL Holdings Inc (NYSE:WGL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,500 shares of the utilities provider’s stock at the close of the 2nd quarter. Albion Financial Group UT’s holdings in WGL Holdings were worth $209,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of WGL. BlackRock Inc. increased its holdings in shares of WGL Holdings by 3,986.0% in 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 during the last quarter. State Street Corp increased its holdings in shares of WGL Holdings by 4.6% in 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 during the last quarter. Sentry Investments Corp. acquired a new stake in shares of WGL Holdings in the second quarter valued at approximately $14,534,000. FMR LLC acquired a new stake in shares of WGL Holdings in the second quarter valued at approximately $12,808,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of WGL Holdings in the second quarter valued at approximately $12,565,000. 69.05% of the stock is owned by hedge funds and other institutional investors.
WGL Holdings Inc (NYSE:WGL) traded up 0.28% during midday trading on Thursday, hitting $85.75. The company had a trading volume of 39,857 shares. The stock’s 50-day moving average price is $84.48 and its 200-day moving average price is $83.72. The stock has a market cap of $4.39 billion, a PE ratio of 24.42 and a beta of 0.68. WGL Holdings Inc has a 52-week low of $59.07 and a 52-week high of $86.89.
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WGL Holdings (NYSE:WGL) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $474.36 million during the quarter, compared to analysts’ expectations of $477.01 million. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. WGL Holdings’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, equities research analysts expect that WGL Holdings Inc will post $3.21 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 issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.04 annualized dividend and a yield of 2.39%. WGL Holdings’s dividend payout ratio (DPR) is presently 58.12%.
In other WGL Holdings news, Director Debra L. Lee sold 2,122 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $84.00, for a total value of $178,248.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.09% of the company’s stock.
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Several equities research analysts recently commented on the company. Zacks Investment Research cut WGL Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Hilliard Lyons raised WGL Holdings from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. Finally, BidaskClub cut WGL Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus 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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