Captrust Financial Advisors bought a new stake in WGL Holdings Inc (NYSE:WGL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,068 shares of the utilities provider’s stock, valued at approximately $349,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Two Sigma Securities LLC bought a new stake in shares of WGL during the fourth quarter worth $292,000. Robecosam AG boosted its holdings in WGL by 42.9% during the fourth quarter. Robecosam AG now owns 150,000 shares of the utilities provider’s stock worth $12,899,000 after buying an additional 45,000 shares during the last quarter. HPM Partners LLC bought a new position in WGL during the fourth quarter worth about $212,000. EnTrustPermal Partners Offshore LP bought a new position in WGL during the fourth quarter worth about $3,674,000. Finally, Deutsche Bank AG raised its position in shares of WGL by 7.0% during the fourth quarter. Deutsche Bank AG now owns 493,815 shares of the utilities provider’s stock worth $42,386,000 after purchasing an additional 32,371 shares during the period. 72.68% of the stock is owned by institutional investors and hedge funds.
WGL Holdings Inc (WGL) opened at $82.51 on Friday. The company has a market capitalization of $4,244.84, a P/E ratio of 15.60, a PEG ratio of 3.61 and a beta of 0.56. WGL Holdings Inc has a one year low of $80.91 and a one year high of $86.89. 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 (NYSE:WGL) last announced its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.58. WGL had a return on equity of 12.67% and a net margin of 11.40%. The firm had revenue of $652.44 million during the quarter, compared to analysts’ expectations of $643.30 million. research analysts anticipate that WGL Holdings Inc will post 3.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, April 9th. This is a positive change from WGL’s previous quarterly dividend of $0.51. WGL’s payout ratio is 38.56%.
Separately, Zacks Investment Research lowered WGL from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th.
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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