California State Teachers Retirement System decreased its holdings in shares of WGL Holdings Inc (NYSE:WGL) by 9.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,081 shares of the utilities provider’s stock after selling 8,781 shares during the period. California State Teachers Retirement System owned approximately 0.16% of WGL worth $6,911,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WGL. Zurcher Kantonalbank Zurich Cantonalbank grew its position in WGL by 7.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock valued at $147,000 after buying an additional 128 shares during the period. Greenwood Capital Associates LLC bought a new position in WGL during the second quarter valued at about $203,000. Heritage Investors Management Corp grew its position in WGL by 41.4% during the third quarter. Heritage Investors Management Corp now owns 3,799 shares of the utilities provider’s stock valued at $320,000 after buying an additional 1,112 shares during the period. Shelton Capital Management bought a new position in WGL during the second quarter valued at about $322,000. Finally, Bronfman E.L. Rothschild L.P. grew its position in WGL by 6,465.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,005 shares of the utilities provider’s stock valued at $334,000 after buying an additional 3,944 shares during the period. Hedge funds and other institutional investors own 71.46% of the company’s stock.
Shares of WGL Holdings Inc (WGL) traded down $0.15 during trading hours on Friday, reaching $84.57. 210,194 shares of the company’s stock were exchanged, compared to its average volume of 201,299. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market capitalization of $4,342.92, a price-to-earnings ratio of 22.61, a PEG ratio of 3.91 and a beta of 0.66. WGL Holdings Inc has a 12-month low of $77.81 and a 12-month high of $86.89.
WGL (NYSE:WGL) last released its quarterly earnings data on Friday, November 17th. The utilities provider reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. WGL had a net margin of 8.21% and a return on equity of 10.95%. sell-side analysts expect that WGL Holdings Inc will post 3.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a $0.51 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.41%. WGL’s dividend payout ratio (DPR) is currently 54.55%.
Separately, Zacks Investment Research lowered shares of WGL from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th.
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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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