IFP Advisors Inc lessened its position in shares of WGL Holdings Inc (NYSE:WGL) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,531 shares of the utilities provider’s stock after selling 765 shares during the period. IFP Advisors Inc’s holdings in WGL were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its holdings in WGL by 0.3% during the 2nd quarter. HighTower Advisors LLC now owns 5,598 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 17 shares in the last quarter. Chicago Equity Partners LLC increased its holdings in WGL by 2.3% during the 3rd quarter. Chicago Equity Partners LLC now owns 28,971 shares of the utilities provider’s stock worth $2,439,000 after purchasing an additional 660 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of WGL by 7.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,340 shares of the utilities provider’s stock valued at $863,000 after acquiring an additional 740 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in shares of WGL by 3.4% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 23,007 shares of the utilities provider’s stock valued at $1,937,000 after acquiring an additional 767 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of WGL by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 216,516 shares of the utilities provider’s stock valued at $18,231,000 after acquiring an additional 794 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

WGL Holdings Inc (NYSE WGL) opened at $83.76 on Tuesday. The firm has a market capitalization of $4,300.00, a PE ratio of 22.40, a PEG ratio of 3.91 and a beta of 0.57. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.95. WGL Holdings Inc has a 1-year low of $81.59 and a 1-year high of $86.89.

WGL (NYSE:WGL) last posted its quarterly earnings results on Friday, November 17th. The utilities provider reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. WGL had a return on equity of 10.95% and a net margin of 8.21%. The business had revenue of $429.12 million during the quarter, compared to analysts’ expectations of $479.60 million. sell-side analysts expect that WGL Holdings Inc will post 3.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Tuesday, January 9th. WGL’s payout ratio is currently 54.55%.

Separately, Zacks Investment Research cut WGL from a “hold” rating to a “sell” rating in a report on Thursday, November 30th.

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WGL 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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Institutional Ownership by Quarter for WGL (NYSE:WGL)

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