Vanguard Group Inc. Lowers Position in WGL Holdings Inc. (WGL)
Vanguard Group Inc. lowered its stake in shares of WGL Holdings Inc. (NYSE:WGL) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,314,177 shares of the company’s stock after selling 185,025 shares during the period. Vanguard Group Inc. owned 10.41% of WGL Holdings worth $376,191,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of WGL Holdings by 11.5% in the second quarter. Principal Financial Group Inc. now owns 188,190 shares of the company’s stock worth $13,322,000 after buying an additional 19,426 shares during the period. Private Advisor Group LLC purchased a new stake in shares of WGL Holdings during the second quarter worth about $207,000. Sandy Spring Bank raised its stake in shares of WGL Holdings by 3.1% in the second quarter. Sandy Spring Bank now owns 16,913 shares of the company’s stock worth $1,197,000 after buying an additional 504 shares during the period. Teacher Retirement System of Texas raised its stake in shares of WGL Holdings by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 6,915 shares of the company’s stock worth $490,000 after buying an additional 844 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of WGL Holdings by 3.3% in the second quarter. Nationwide Fund Advisors now owns 118,122 shares of the company’s stock worth $8,362,000 after buying an additional 3,803 shares during the period. 68.41% of the stock is currently owned by institutional investors.
Shares of WGL Holdings Inc. (NYSE:WGL) traded up 0.13% on Thursday, reaching $59.64. 39,642 shares of the company’s stock traded hands. The company has a market cap of $3.05 billion, a PE ratio of 16.87 and a beta of 0.57. WGL Holdings Inc. has a 12-month low of $57.04 and a 12-month high of $74.10. The stock has a 50-day moving average price of $63.15 and a 200-day moving average price of $67.23.
WGL Holdings (NYSE:WGL) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.19. WGL Holdings had a net margin of 7.61% and a return on equity of 11.60%. The business had revenue of $440.60 million for the quarter, compared to analysts’ expectations of $482.57 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that WGL Holdings Inc. will post $3.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be given a dividend of $0.4875 per share. This represents a $1.95 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Wednesday, October 5th. WGL Holdings’s dividend payout ratio (DPR) is 55.08%.
Separately, Zacks Investment Research raised shares of WGL Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Five equities research analysts have rated the stock with a hold rating, WGL Holdings presently has an average rating of “Hold” and a consensus target price of $78.00.
About WGL Holdings
WGL Holdings, Inc (WGL Holdings), is a United States of America-based public utility holding. Through its wholly owned subsidiaries, it sells and delivers natural gas and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia.
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