New York State Teachers Retirement System decreased its stake in WGL Holdings Inc. (NYSE:WGL) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 89,649 shares of the company’s stock after selling 4,700 shares during the period. New York State Teachers Retirement System’s holdings in WGL Holdings were worth $6,346,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its stake in shares of WGL Holdings by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,460,594 shares of the company’s stock worth $105,703,000 after buying an additional 13,062 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of WGL Holdings by 6.4% in the first quarter. Wellington Management Group LLP now owns 1,165,680 shares of the company’s stock worth $84,360,000 after buying an additional 69,650 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of WGL Holdings by 55.4% in the first quarter. Goldman Sachs Group Inc. now owns 981,893 shares of the company’s stock worth $71,060,000 after buying an additional 350,225 shares in the last quarter. Norges Bank purchased a new stake in shares of WGL Holdings during the fourth quarter worth $33,327,000. Finally, Pictet Asset Management Ltd. boosted its stake in shares of WGL Holdings by 56.0% in the first quarter. Pictet Asset Management Ltd. now owns 330,477 shares of the company’s stock worth $22,535,000 after buying an additional 118,578 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.
WGL Holdings Inc. (NYSE:WGL) traded down 0.10% during midday trading on Friday, hitting $62.70. The stock had a trading volume of 302,026 shares. The stock has a 50-day moving average price of $63.52 and a 200 day moving average price of $67.46. WGL Holdings Inc. has a one year low of $57.04 and a one year high of $74.10. The firm has a market cap of $3.20 billion, a PE ratio of 17.73 and a beta of 0.59.
WGL Holdings (NYSE:WGL) last posted its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.19. WGL Holdings had a return on equity of 11.60% and a net margin of 7.61%. The business earned $440.60 million during the quarter, compared to analyst estimates of $482.57 million. During the same quarter last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts predict that WGL Holdings Inc. will post $3.17 earnings per share for the current year.
The firm 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. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.95 dividend on an annualized basis and a yield of 3.11%. WGL Holdings’s dividend payout ratio (DPR) is presently 55.08%.
Separately, Zacks Investment Research upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Five research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $78.00.
WGL Holdings Company Profile
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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