WGL Holdings Inc (WGL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its stake in shares of WGL Holdings Inc (NYSE:WGL) by 69.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,138 shares of the utilities provider’s stock after selling 13,721 shares during the quarter. Janney Montgomery Scott LLC’s holdings in WGL were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. HighTower Advisors LLC lifted its position in WGL by 0.3% during the second quarter. HighTower Advisors LLC now owns 5,598 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 17 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of WGL by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock worth $147,000 after acquiring an additional 128 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of WGL by 2.2% in the 2nd quarter. Amalgamated Bank now owns 7,255 shares of the utilities provider’s stock worth $605,000 after acquiring an additional 157 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of WGL by 0.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,740 shares of the utilities provider’s stock worth $2,231,000 after acquiring an additional 176 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of WGL by 0.7% in the 2nd quarter. Comerica Bank now owns 41,629 shares of the utilities provider’s stock worth $3,543,000 after acquiring an additional 294 shares during the last quarter. Institutional investors and hedge funds own 71.46% of the company’s stock.

A number of brokerages have recently weighed in on WGL. Zacks Investment Research lowered shares of WGL from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. Hilliard Lyons upgraded shares of WGL from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th.

Shares of WGL Holdings Inc (NYSE WGL) opened at $85.65 on Tuesday. The firm has a market cap of $4,400.00, a P/E ratio of 22.90, a PEG ratio of 4.00 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.95. WGL Holdings Inc has a 1-year low of $73.53 and a 1-year high of $86.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.38%. WGL’s payout ratio is 40.37%.

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WGL 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 (NYSE:WGL)

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