Earnest Partners LLC lessened its holdings in shares of WGL Holdings Inc (NYSE:WGL) by 9.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,145,057 shares of the utilities provider’s stock after selling 124,570 shares during the period. Earnest Partners LLC owned 2.23% of WGL worth $98,292,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of WGL. Magnetar Financial LLC raised its position in shares of WGL by 58.6% during the 3rd quarter. Magnetar Financial LLC now owns 1,585,696 shares of the utilities provider’s stock worth $133,516,000 after acquiring an additional 586,112 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of WGL by 64.7% during the 4th quarter. Renaissance Technologies LLC now owns 660,100 shares of the utilities provider’s stock worth $56,663,000 after acquiring an additional 259,300 shares in the last quarter. P Schoenfeld Asset Management LP raised its position in shares of WGL by 465.6% during the 4th quarter. P Schoenfeld Asset Management LP now owns 282,776 shares of the utilities provider’s stock worth $24,273,000 after acquiring an additional 232,776 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of WGL by 214.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 247,201 shares of the utilities provider’s stock worth $20,814,000 after acquiring an additional 168,701 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of WGL by 2.2% during the 4th quarter. BlackRock Inc. now owns 5,537,079 shares of the utilities provider’s stock worth $475,303,000 after acquiring an additional 116,890 shares in the last quarter. 72.87% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded WGL from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th.
WGL (NYSE:WGL) last released its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.58. The firm had revenue of $652.44 million for the quarter, compared to the consensus estimate of $643.30 million. WGL had a return on equity of 12.67% and a net margin of 11.40%. analysts expect that WGL Holdings Inc will post 3.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Monday, April 9th. This is an increase from WGL’s previous quarterly dividend of $0.51. WGL’s dividend payout ratio (DPR) is currently 38.56%.
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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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