Ameriprise Financial Inc. reduced its stake in WGL Holdings Inc. (NYSE:WGL) by 37.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,106 shares of the company’s stock after selling 97,792 shares during the period. Ameriprise Financial Inc. owned approximately 0.32% of WGL Holdings worth $11,406,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of WGL. PNC Financial Services Group Inc. raised its position in shares of WGL Holdings by 8.5% in the second quarter. PNC Financial Services Group Inc. now owns 90,668 shares of the company’s stock valued at $6,419,000 after buying an additional 7,094 shares during the period. Princeton Alpha Management LP raised its position in shares of WGL Holdings by 217.9% in the second quarter. Princeton Alpha Management LP now owns 15,810 shares of the company’s stock valued at $1,119,000 after buying an additional 10,836 shares during the period. TD Asset Management Inc. raised its position in shares of WGL Holdings by 6.3% in the second quarter. TD Asset Management Inc. now owns 5,078 shares of the company’s stock valued at $359,000 after buying an additional 302 shares during the period. Hennessy Advisors Inc. raised its position in shares of WGL Holdings by 2.8% in the second quarter. Hennessy Advisors Inc. now owns 313,092 shares of the company’s stock valued at $22,164,000 after buying an additional 8,500 shares during the period. Finally, Calvert Investment Management Inc. raised its position in shares of WGL Holdings by 9.3% in the second quarter. Calvert Investment Management Inc. now owns 11,762 shares of the company’s stock valued at $833,000 after buying an additional 1,004 shares during the period. Institutional investors and hedge funds own 68.41% of the company’s stock.
Shares of WGL Holdings Inc. (NYSE:WGL) traded down 1.12% on Thursday, hitting $62.94. 97,118 shares of the company traded hands. The firm has a market capitalization of $3.21 billion, a P/E ratio of 17.80 and a beta of 0.59. WGL Holdings Inc. has a 1-year low of $56.90 and a 1-year high of $74.10. The firm’s 50-day moving average is $63.73 and its 200 day moving average is $67.54.
WGL Holdings (NYSE:WGL) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.14 by $0.19. The company earned $440.60 million during the quarter, compared to analyst estimates of $482.57 million. WGL Holdings had a net margin of 7.61% and a return on equity of 11.60%. WGL Holdings’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, analysts anticipate that WGL Holdings Inc. will post $3.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be paid a dividend of $0.4875 per share. This represents a $1.95 annualized dividend and a yield of 3.06%. The ex-dividend date is Wednesday, October 5th. WGL Holdings’s payout ratio is 55.08%.
Several research analysts recently issued reports on WGL shares. Zacks Investment Research upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Wells Fargo & Co. started coverage on shares of WGL Holdings in a research note on Wednesday, June 1st. They issued a “market perform” rating for the company. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $78.00.
About WGL Holdings
WGL Holdings, Inc (WGL Holdings), is a United States of America-based public utility holding. Through its wholly owned subsidiaries, it sells and delivers natural gas and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia.
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