Neuberger Berman Group LLC Buys 347 Shares of WGL Holdings Inc (WGL)
Neuberger Berman Group LLC increased its stake in shares of WGL Holdings Inc (NYSE:WGL) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,620 shares of the utilities provider’s stock after buying an additional 347 shares during the quarter. Neuberger Berman Group LLC’s holdings in WGL Holdings were worth $552,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. grew its holdings in WGL Holdings by 0.3% during the second quarter. Stratos Wealth Partners LTD. now owns 4,274 shares of the utilities provider’s stock worth $357,000 after buying an additional 12 shares in the last quarter. World Asset Management Inc grew its stake in WGL Holdings by 1.8% in the 1st quarter. World Asset Management Inc now owns 3,162 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 56 shares during the period. Capstone Asset Management Co. grew its stake in WGL Holdings by 1.6% in the 2nd quarter. Capstone Asset Management Co. now owns 3,916 shares of the utilities provider’s stock valued at $327,000 after purchasing an additional 60 shares during the period. Teacher Retirement System of Texas grew its stake in WGL Holdings by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,091 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 67 shares during the period. Finally, Advantus Capital Management Inc grew its stake in WGL Holdings by 3.1% in the 1st quarter. Advantus Capital Management Inc now owns 6,558 shares of the utilities provider’s stock valued at $541,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 69.05% of the company’s stock.
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WGL Holdings Inc (WGL) opened at 84.63 on Friday. WGL Holdings Inc has a 52 week low of $58.66 and a 52 week high of $86.89. The firm has a 50-day moving average price of $84.55 and a 200-day moving average price of $83.50. The company has a market cap of $4.33 billion, a P/E ratio of 24.10 and a beta of 0.69.
WGL Holdings (NYSE:WGL) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The business had revenue of $474.36 million during the quarter, compared to the consensus estimate 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 for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Equities research analysts anticipate that WGL Holdings Inc will post $3.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Friday, October 6th. WGL Holdings’s payout ratio is 58.12%.
A number of brokerages have issued reports on WGL. Hilliard Lyons upgraded WGL Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th. Zacks Investment Research upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BidaskClub downgraded WGL Holdings from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $76.75.
In other WGL Holdings news, Director Debra L. Lee sold 2,122 shares of WGL Holdings stock in a transaction on Friday, September 15th. The stock was sold at an average price of $84.00, for a total value of $178,248.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.09% of the stock is currently owned by company insiders.
WGL Holdings 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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