UBS Asset Management Americas Inc. increased its position in shares of WGL Holdings Inc (NYSE:WGL) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,594 shares of the utilities provider’s stock after acquiring an additional 1,494 shares during the quarter. UBS Asset Management Americas Inc. owned 0.09% of WGL Holdings worth $4,054,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of WGL Holdings 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 acquiring an additional 128 shares during the period. Greenwood Capital Associates LLC acquired a new stake in shares of WGL Holdings during the second quarter valued at approximately $203,000. TD Asset Management Inc. acquired a new stake in shares of WGL Holdings during the first quarter valued at approximately $204,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of WGL Holdings during the first quarter valued at approximately $206,000. Finally, FNY Partners Fund LP acquired a new stake in shares of WGL Holdings during the first quarter valued at approximately $247,000. Institutional investors and hedge funds own 69.05% of the company’s stock.
Shares of WGL Holdings Inc (WGL) opened at 85.68 on Wednesday. The stock’s 50 day moving average is $84.43 and its 200-day moving average is $83.70. WGL Holdings Inc has a 12-month low of $58.72 and a 12-month high of $86.89. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 24.40 and a beta of 0.68.
WGL Holdings (NYSE:WGL) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $474.36 million during the quarter, compared to analyst estimates of $477.01 million. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, analysts anticipate that WGL Holdings Inc will post $3.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be given a $0.51 dividend. The ex-dividend date is Friday, October 6th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.38%. WGL Holdings’s dividend payout ratio is 58.12%.
In related news, Director Debra L. Lee sold 2,122 shares of the stock in a transaction that occurred on 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 SEC, which can be accessed through this link. Company insiders own 0.99% of the company’s stock.
WGL has been the topic of a number of recent analyst reports. Hilliard Lyons upgraded shares of WGL Holdings from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. BidaskClub upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research lowered shares of WGL Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. WGL Holdings presently has an average rating of “Hold” and an average price target of $74.67.
WGL Holdings Company 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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