Zeke Capital Advisors LLC lifted its position in shares of WGL Holdings (NYSE:WGL) by 36.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,336 shares of the utilities provider’s stock after purchasing an additional 1,152 shares during the period. Zeke Capital Advisors LLC’s holdings in WGL were worth $363,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in WGL. SG Americas Securities LLC boosted its holdings in shares of WGL by 95.2% during the 1st quarter. SG Americas Securities LLC now owns 87,513 shares of the utilities provider’s stock worth $7,320,000 after buying an additional 42,678 shares during the period. Glassman Wealth Services boosted its holdings in WGL by 500.0% in the 1st quarter. Glassman Wealth Services now owns 2,400 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 2,000 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in WGL by 14.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 9,145 shares of the utilities provider’s stock valued at $765,000 after purchasing an additional 1,162 shares during the period. MetLife Investment Advisors LLC bought a new stake in shares of WGL during the 4th quarter worth approximately $4,734,000. Finally, Jane Street Group LLC lifted its holdings in shares of WGL by 21.8% during the 4th quarter. Jane Street Group LLC now owns 8,427 shares of the utilities provider’s stock worth $723,000 after acquiring an additional 1,506 shares during the period. Institutional investors own 72.52% of the company’s stock.
Shares of WGL traded down $0.03, reaching $88.08, on Thursday, Marketbeat reports. 3,821 shares of the stock were exchanged, compared to its average volume of 313,482. WGL Holdings has a one year low of $87.92 and a one year high of $88.14. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 1.09. The company has a market cap of $4.52 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 3.88 and a beta of 0.54.
WGL (NYSE:WGL) last released its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.15. The business had revenue of $886.45 million during the quarter, compared to analysts’ expectations of $848.00 million. WGL had a net margin of 11.70% and a return on equity of 13.14%. research analysts forecast that WGL Holdings will post 3.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th were given a $0.515 dividend. This is a boost from WGL’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.34%. The ex-dividend date was Monday, April 9th. WGL’s dividend payout ratio is 66.24%.
Separately, Zacks Investment Research raised shares of WGL from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a report on Thursday, January 25th.
WGL Holdings, Inc, through its subsidiaries, sells and delivers natural gas; and provides energy-related products and services. The company operates through four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. The Regulated Utility segment sells and delivers natural gas to retail customers; and owns full and partial interests in underground natural gas storage facilities, including pipeline delivery facilities located in and around Hampshire County, West Virginia.
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