Renaissance Technologies LLC acquired a new stake in WGL Holdings Inc (NYSE:WGL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 150,600 shares of the utilities provider’s stock, valued at approximately $12,565,000. Renaissance Technologies LLC owned about 0.29% of WGL Holdings as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of WGL. UBS Asset Management Americas Inc. lifted its stake in shares of WGL Holdings by 54.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 47,100 shares of the utilities provider’s stock worth $3,887,000 after purchasing an additional 16,582 shares during the last quarter. KBC Group NV purchased a new stake in shares of WGL Holdings during the 1st quarter worth $332,000. Prudential Financial Inc. lifted its stake in shares of WGL Holdings by 13.2% during the 1st quarter. Prudential Financial Inc. now owns 47,868 shares of the utilities provider’s stock worth $3,951,000 after purchasing an additional 5,590 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of WGL Holdings by 3.9% during the 1st quarter. Stifel Financial Corp now owns 6,328 shares of the utilities provider’s stock worth $523,000 after purchasing an additional 239 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in WGL Holdings by 30.7% in the first quarter. Alliancebernstein L.P. now owns 104,851 shares of the utilities provider’s stock valued at $8,653,000 after buying an additional 24,610 shares during the last quarter. 68.64% of the stock is currently owned by institutional investors and hedge funds.
WGL Holdings Inc (NYSE:WGL) opened at 85.97 on Friday. The company’s 50-day moving average price is $84.91 and its 200-day moving average price is $83.94. The stock has a market cap of $4.40 billion, a P/E ratio of 24.49 and a beta of 0.68. WGL Holdings Inc has a 12 month low of $59.07 and a 12 month high of $86.89.
WGL Holdings (NYSE:WGL) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $474.36 million for the quarter, compared to analyst estimates of $477.01 million. WGL Holdings had a return on equity of 11.76% and a net margin of 7.60%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Equities analysts forecast that WGL Holdings Inc will post $3.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 6th. WGL Holdings’s dividend payout ratio is 58.12%.
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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 shares were sold at an average price of $84.00, for a total transaction of $178,248.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is owned by insiders.
WGL has been the subject of several research analyst reports. BidaskClub raised WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research lowered WGL Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Hilliard Lyons raised WGL Holdings from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. WGL Holdings currently has a consensus rating of “Hold” and an average price target of $74.67.
WGL Holdings Company Profile
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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