Swiss National Bank lifted its stake in WGL Holdings Inc (NYSE:WGL) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 91,100 shares of the utilities provider’s stock after acquiring an additional 3,100 shares during the quarter. Swiss National Bank owned 177,860.21% of WGL worth $7,671,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised 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 purchasing an additional 128 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of WGL in the 2nd quarter valued at $203,000. World Asset Management Inc grew its position in shares of WGL by 2.4% in the 2nd quarter. World Asset Management Inc now owns 3,239 shares of the utilities provider’s stock valued at $270,000 after buying an additional 77 shares during the last quarter. Heritage Investors Management Corp grew its position in WGL by 41.4% during the 3rd quarter. Heritage Investors Management Corp now owns 3,799 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Shelton Capital Management purchased a new position in WGL during the 2nd quarter worth $322,000. Hedge funds and other institutional investors own 71.47% of the company’s stock.
In other WGL news, Director Debra L. Lee sold 2,122 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is currently owned by insiders.
Shares of WGL Holdings Inc (NYSE WGL) traded up $0.35 during midday trading on Thursday, hitting $85.75. 284,746 shares of the stock were exchanged, compared to its average volume of 317,307. WGL Holdings Inc has a 1-year low of $73.53 and a 1-year high of $86.89. The stock has a market capitalization of $4,377.80, a P/E ratio of 26.64, a PEG ratio of 3.81 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.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.04 dividend on an annualized basis and a yield of 2.38%. WGL’s payout ratio is 54.55%.
Several brokerages have recently weighed in on WGL. Zacks Investment Research raised shares of WGL from a “sell” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub cut shares of WGL from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Hilliard Lyons upgraded shares of WGL from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 29th.
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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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