WGL Holdings Inc (WGL) Position Cut by P Schoenfeld Asset Management LP
P Schoenfeld Asset Management LP cut its stake in WGL Holdings Inc (NYSE:WGL) by 81.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the utilities provider’s stock after selling 223,801 shares during the period. P Schoenfeld Asset Management LP owned 0.10% of WGL Holdings worth $4,210,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new position in shares of WGL Holdings during the second quarter worth about $12,565,000. State of Wisconsin Investment Board grew its position in WGL Holdings by 79.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 78,500 shares of the utilities provider’s stock valued at $6,549,000 after buying an additional 34,700 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in WGL Holdings by 29.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,045 shares of the utilities provider’s stock valued at $671,000 after buying an additional 1,853 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in WGL Holdings by 4.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 323,820 shares of the utilities provider’s stock valued at $27,017,000 after buying an additional 12,779 shares in the last quarter. Finally, Comerica Bank grew its position in WGL Holdings by 0.7% in the 2nd quarter. Comerica Bank now owns 41,629 shares of the utilities provider’s stock valued at $3,543,000 after buying an additional 294 shares in the last quarter. 70.41% of the stock is currently owned by hedge funds and other institutional investors.
In other WGL Holdings news, Director Debra L. Lee sold 2,122 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $84.00, for a total transaction of $178,248.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.99% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on WGL shares. BidaskClub upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of WGL Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, Hilliard Lyons upgraded shares of WGL Holdings from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.50.
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WGL Holdings Inc (NYSE WGL) traded down $0.14 during mid-day trading on Monday, reaching $84.32. 346,000 shares of the company’s stock were exchanged, compared to its average volume of 315,825. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 0.81. WGL Holdings Inc has a 52 week low of $64.24 and a 52 week high of $86.89. The stock has a market capitalization of $4,318.79, a price-to-earnings ratio of 26.35, a PEG ratio of 3.79 and a beta of 0.68.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Friday, October 6th. WGL Holdings’s dividend payout ratio is presently 54.55%.
WGL Holdings 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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