Redwood Investments LLC maintained its stake in shares of WGL Holdings Inc. (NYSE:WGL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the company’s stock at the end of the second quarter. Redwood Investments LLC’s holdings in WGL Holdings were worth $142,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in WGL. Wellington Management Group LLP raised its stake in 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 during the period. Geode Capital Management LLC raised its stake in WGL Holdings by 7.2% in the first quarter. Geode Capital Management LLC now owns 328,090 shares of the company’s stock worth $23,743,000 after buying an additional 21,993 shares during the period. Goldman Sachs Group Inc. raised its stake in 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 during the period. Pictet Asset Management Ltd. raised its stake in 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 during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in 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 during the period. Institutional investors own 68.41% of the company’s stock.
WGL Holdings Inc. (NYSE:WGL) traded up 0.15% during midday trading on Thursday, hitting $59.65. The stock had a trading volume of 236,768 shares. WGL Holdings Inc. has a 12-month low of $57.04 and a 12-month high of $74.10. The stock has a market cap of $3.05 billion, a P/E ratio of 16.87 and a beta of 0.57. The company’s 50-day moving average price is $63.15 and its 200 day moving average price is $67.23.
WGL Holdings (NYSE:WGL) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.19. The business had revenue of $440.60 million for the quarter, compared to analyst estimates of $482.57 million. WGL Holdings had a return on equity of 11.60% and a net margin of 7.61%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. On average, equities research analysts predict that WGL Holdings Inc. will post $3.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be paid a $0.4875 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.27%. WGL Holdings’s payout ratio is presently 55.08%.
Separately, Zacks Investment Research lowered WGL Holdings from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price 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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