Crossmark Global Holdings Inc. purchased a new position in shares of WGL Holdings Inc (NYSE:WGL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,256 shares of the utilities provider’s stock, valued at approximately $358,000.
Several other large investors have also recently added to or reduced their stakes in WGL. Sentry Investments Corp. acquired a new position in shares of WGL during the 2nd quarter worth $14,534,000. FMR LLC acquired a new position in shares of WGL during the 2nd quarter worth $12,808,000. Renaissance Technologies LLC acquired a new position in shares of WGL during the 2nd quarter worth $12,565,000. Farallon Capital Management LLC acquired a new position in shares of WGL during the 2nd quarter worth $10,012,000. Finally, JPMorgan Chase & Co. raised its stake in shares of WGL by 15.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 837,443 shares of the utilities provider’s stock worth $69,868,000 after buying an additional 114,947 shares during the last quarter. 71.47% of the stock is owned by institutional investors and hedge funds.
Shares of WGL Holdings Inc (NYSE WGL) traded up $0.21 during mid-day trading on Tuesday, reaching $85.20. 328,000 shares of the company traded hands, compared to its average volume of 317,794. WGL Holdings Inc has a 12-month low of $71.73 and a 12-month high of $86.89. The firm has a market cap of $4,364.45, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 3.80 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.95.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.39%. The ex-dividend date is Tuesday, January 9th. WGL’s payout ratio is 54.55%.
Several research analysts recently weighed in on WGL shares. Zacks Investment Research raised shares of WGL from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub raised shares of WGL from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Hilliard Lyons raised shares of WGL from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th.
In related news, Director Debra L. Lee sold 2,122 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were 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 at this hyperlink. Insiders own 0.99% of the company’s stock.
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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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