Wells Fargo & Company MN boosted its holdings in WGL Holdings Inc (NYSE:WGL) by 7.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 201,181 shares of the utilities provider’s stock after buying an additional 14,764 shares during the period. Wells Fargo & Company MN owned 0.39% of WGL worth $16,939,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. HighTower Advisors LLC boosted its holdings in shares of WGL by 0.3% during the 2nd quarter. HighTower Advisors LLC now owns 5,598 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 17 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of WGL by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,091 shares of the utilities provider’s stock valued at $341,000 after acquiring an additional 67 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of WGL by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 128 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of WGL by 2.2% in the 2nd quarter. Amalgamated Bank now owns 7,255 shares of the utilities provider’s stock valued at $605,000 after acquiring an additional 157 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in WGL by 0.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,740 shares of the utilities provider’s stock worth $2,231,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 71.46% of the company’s stock.
Separately, Zacks Investment Research lowered shares of WGL from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th.
Shares of WGL Holdings Inc (NYSE WGL) traded down $0.40 during trading hours on Friday, hitting $85.39. 365,705 shares of the stock were exchanged, compared to its average volume of 270,300. The stock has a market capitalization of $4,380.00, a price-to-earnings ratio of 22.83, a PEG ratio of 4.02 and a beta of 0.66. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.95. WGL Holdings Inc has a fifty-two week low of $77.81 and a fifty-two week high of $86.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, January 9th. WGL’s payout ratio is 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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