Cardinal Capital Management held its stake in shares of WGL Holdings Inc. (NYSE:WGL) during the second quarter, according to its most recent filing with the SEC. The fund owned 4,286 shares of the company’s stock at the end of the second quarter. Cardinal Capital Management’s holdings in WGL Holdings were worth $303,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in WGL. Wellington Management Group LLP raised 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 valued at $84,360,000 after buying an additional 69,650 shares during the period. Geode Capital Management LLC raised its stake in shares of WGL Holdings by 7.2% in the first quarter. Geode Capital Management LLC now owns 328,090 shares of the company’s stock valued at $23,743,000 after buying an additional 21,993 shares during the period. Goldman Sachs Group Inc. raised 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 valued at $71,060,000 after buying an additional 350,225 shares during the period. Pictet Asset Management Ltd. raised 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 valued at $22,535,000 after buying an additional 118,578 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised 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 valued at $105,703,000 after buying an additional 13,062 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 0.62% during midday trading on Wednesday, hitting $59.56. The stock had a trading volume of 221,016 shares. The firm has a market capitalization of $3.04 billion, a PE ratio of 16.84 and a beta of 0.57. WGL Holdings Inc. has a one year low of $57.04 and a one year high of $74.10. The firm’s 50-day moving average price is $63.27 and its 200-day moving average price is $67.28.
WGL Holdings (NYSE:WGL) last posted its earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.19. The business earned $440.60 million during the quarter, compared to the consensus estimate of $482.57 million. WGL Holdings had a return on equity of 11.60% and a net margin of 7.61%. WGL Holdings’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. On average, equities analysts predict that WGL Holdings Inc. will post $3.17 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be given a dividend of $0.4875 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.95 annualized dividend and a dividend yield of 3.27%. 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 report on Tuesday, August 9th. Five analysts have rated the stock with a hold rating, WGL Holdings currently has a consensus rating of “Hold” and a consensus price target 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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