Rhumbline Advisers lowered its position in shares of WGL Holdings (NYSE:WGL) by 5.4% in the first quarter, Holdings Channel reports. The fund owned 100,313 shares of the utilities provider’s stock after selling 5,708 shares during the period. Rhumbline Advisers’ holdings in WGL were worth $8,391,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Financial Engines Advisors L.L.C. boosted its holdings in shares of WGL by 2.8% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 23,644 shares of the utilities provider’s stock valued at $2,030,000 after buying an additional 637 shares during the last quarter. AMP Capital Investors Ltd boosted its holdings in shares of WGL by 3.3% in the 4th quarter. AMP Capital Investors Ltd now owns 25,251 shares of the utilities provider’s stock valued at $2,167,000 after buying an additional 800 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of WGL by 6.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 15,107 shares of the utilities provider’s stock valued at $1,297,000 after buying an additional 888 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of WGL by 50.5% in the 4th quarter. Advisor Group Inc. now owns 2,781 shares of the utilities provider’s stock valued at $238,000 after buying an additional 933 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of WGL by 55.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,735 shares of the utilities provider’s stock valued at $235,000 after buying an additional 979 shares during the last quarter. 72.52% of the stock is owned by hedge funds and other institutional investors.

WGL opened at $87.95 on Friday, according to MarketBeat. The company has a market capitalization of $4.52 billion, a PE ratio of 28.28, a P/E/G ratio of 3.88 and a beta of 0.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.80. WGL Holdings has a 12 month low of $87.92 and a 12 month high of $88.14.

WGL (NYSE:WGL) last released its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. The company had revenue of $886.45 million during the quarter, compared to the consensus estimate of $848.00 million. WGL had a return on equity of 13.14% and a net margin of 11.70%. sell-side analysts forecast that WGL Holdings will post 3.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, April 9th. This is an increase from WGL’s previous quarterly dividend of $0.51. WGL’s dividend payout ratio is presently 66.24%.

Separately, Zacks Investment Research downgraded WGL from a “buy” rating to a “hold” rating in a report on Friday, April 20th.

WGL Profile

WGL Holdings, Inc, through its subsidiaries, sells and delivers natural gas; and provides energy-related products and services. The company operates through four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. The Regulated Utility segment sells and delivers natural gas to retail customers; and owns full and partial interests in underground natural gas storage facilities, including pipeline delivery facilities located in and around Hampshire County, West Virginia.

Want to see what other hedge funds are holding WGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WGL Holdings (NYSE:WGL).

Institutional Ownership by Quarter for WGL (NYSE:WGL)

Receive News & Ratings for WGL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WGL and related companies with MarketBeat.com's FREE daily email newsletter.