WGL Holdings Inc (WGL) Stake Decreased by Nationwide Fund Advisors
Nationwide Fund Advisors cut its position in shares of WGL Holdings Inc (NYSE:WGL) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,262 shares of the utilities provider’s stock after selling 1,992 shares during the period. Nationwide Fund Advisors owned 0.25% of WGL worth $10,631,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of WGL by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock worth $147,000 after buying an additional 128 shares during the period. Greenwood Capital Associates LLC bought a new stake in shares of WGL during the 2nd quarter worth about $203,000. World Asset Management Inc boosted its holdings in shares of WGL by 2.4% during the 2nd quarter. World Asset Management Inc now owns 3,239 shares of the utilities provider’s stock worth $270,000 after buying an additional 77 shares during the period. Shelton Capital Management bought a new stake in shares of WGL during the 2nd quarter worth about $322,000. Finally, Capstone Asset Management Co. boosted its holdings in shares of WGL by 1.6% during the 2nd quarter. Capstone Asset Management Co. now owns 3,916 shares of the utilities provider’s stock worth $327,000 after buying an additional 60 shares during the period. Institutional investors own 71.47% of the company’s stock.
Shares of WGL Holdings Inc (WGL) traded up $0.05 during mid-day trading on Wednesday, hitting $85.25. 242,200 shares of the company traded hands, compared to its average volume of 317,471. The company has a market cap of $4,375.24, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 3.81 and a beta of 0.66. 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 $71.95 and a 1-year high of $86.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, January 9th. WGL’s dividend payout ratio is currently 54.55%.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of WGL from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. BidaskClub raised shares of WGL from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, Hilliard Lyons raised shares of WGL from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th.
In other WGL news, Director Debra L. Lee sold 2,122 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $84.00, for a total value of $178,248.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.99% of the company’s stock.
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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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