WGL Holdings Inc (WGL) Position Reduced by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its stake in WGL Holdings Inc (NYSE:WGL) by 16.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,389 shares of the utilities provider’s stock after selling 31,055 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.30% of WGL Holdings worth $12,713,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WGL. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in WGL Holdings 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 buying an additional 128 shares in the last quarter. Greenwood Capital Associates LLC acquired a new stake in WGL Holdings in the 2nd quarter valued at $203,000. FNY Partners Fund LP acquired a new stake in WGL Holdings in the 1st quarter valued at $247,000. World Asset Management Inc boosted its stake in WGL Holdings 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 in the last quarter. Finally, Capstone Asset Management Co. raised its position 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 last quarter. 69.05% of the stock is currently owned by institutional investors and hedge funds.

WGL Holdings Inc (NYSE:WGL) opened at 85.51 on Wednesday. The firm has a 50-day moving average price of $84.60 and a 200 day moving average price of $83.76. WGL Holdings Inc has a 12 month low of $59.07 and a 12 month high of $86.89. The company has a market cap of $4.38 billion, a P/E ratio of 24.35 and a beta of 0.68.

WGL Holdings (NYSE:WGL) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share 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 analyst estimates of $477.01 million. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. On average, equities analysts expect that WGL Holdings Inc will post $3.21 earnings per share for the current 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 2.39%. The ex-dividend date is Friday, October 6th. WGL Holdings’s dividend payout ratio is presently 58.12%.

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WGL has been the subject of several research analyst reports. Zacks Investment Research downgraded WGL Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Hilliard Lyons upgraded WGL Holdings from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 29th. Finally, BidaskClub upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. WGL Holdings presently has an average rating of “Hold” and a consensus price target of $74.67.

In other WGL Holdings news, Director Debra L. Lee sold 2,122 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.99% of the company’s stock.

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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Institutional Ownership by Quarter for WGL Holdings (NYSE:WGL)

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