Teachers Retirement System of The State of Kentucky lowered its stake in shares of WGL Holdings Inc (NYSE:WGL) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,300 shares of the company’s stock after selling 500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in WGL Holdings were worth $862,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of WGL Holdings by 1.3% in the second quarter. Royal Bank of Canada now owns 57,319 shares of the company’s stock worth $4,058,000 after buying an additional 708 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of WGL Holdings by 2.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 17,348 shares of the company’s stock worth $1,088,000 after buying an additional 491 shares during the period. Capstone Asset Management Co. raised its stake in shares of WGL Holdings by 5.0% in the third quarter. Capstone Asset Management Co. now owns 4,826 shares of the company’s stock worth $303,000 after buying an additional 230 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of WGL Holdings by 54.6% in the third quarter. Nisa Investment Advisors LLC now owns 9,910 shares of the company’s stock worth $621,000 after buying an additional 3,500 shares during the period. Finally, Hennessy Advisors Inc. raised its stake in shares of WGL Holdings by 13.1% in the third quarter. Hennessy Advisors Inc. now owns 354,092 shares of the company’s stock worth $22,202,000 after buying an additional 41,000 shares during the period. 66.60% of the stock is currently owned by institutional investors.
Shares of WGL Holdings Inc (NYSE:WGL) opened at 82.12 on Tuesday. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 26.56 and a beta of 0.60. WGL Holdings Inc has a one year low of $58.66 and a one year high of $84.08. The firm has a 50-day moving average of $82.78 and a 200-day moving average of $71.82.
WGL Holdings (NYSE:WGL) last released its earnings results on Wednesday, February 8th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.28 by $0.04. WGL Holdings had a return on equity of 12.10% and a net margin of 6.77%. During the same quarter in the previous year, the company posted $1.18 earnings per share. Equities research analysts forecast that WGL Holdings Inc will post $3.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Monday, April 10th will be paid a dividend of $0.51 per share. This is an increase from WGL Holdings’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, April 6th. This represents a $2.04 dividend on an annualized basis and a yield of 2.48%. WGL Holdings’s dividend payout ratio is presently 62.70%.
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A number of equities research analysts have issued reports on the stock. Hilliard Lyons lowered shares of WGL Holdings from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 15th. Zacks Investment Research lowered shares of WGL Holdings from a “buy” rating to a “hold” rating in a report on Friday, January 13th. Seaport Global Securities assumed coverage on shares of WGL Holdings in a report on Friday, December 2nd. They issued a “neutral” rating and a $71.00 price target on the stock. Wells Fargo & Co reissued a “hold” rating on shares of WGL Holdings in a report on Thursday, December 1st. Finally, Janney Montgomery Scott lowered shares of WGL Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, November 29th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $75.00.
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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