Robecosam AG increased its stake in WGL Holdings Inc (NYSE:WGL) by 42.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,000 shares of the utilities provider’s stock after buying an additional 45,000 shares during the quarter. Robecosam AG owned approximately 0.29% of WGL worth $12,899,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of WGL by 2.2% in the 4th quarter. BlackRock Inc. now owns 5,537,079 shares of the utilities provider’s stock valued at $475,303,000 after buying an additional 116,890 shares during the last quarter. Magnetar Financial LLC boosted its holdings in shares of WGL by 58.6% in the 3rd quarter. Magnetar Financial LLC now owns 1,585,696 shares of the utilities provider’s stock valued at $133,516,000 after buying an additional 586,112 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of WGL by 1.6% in the 3rd quarter. Earnest Partners LLC now owns 1,269,627 shares of the utilities provider’s stock valued at $106,903,000 after buying an additional 19,615 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of WGL by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 884,688 shares of the utilities provider’s stock valued at $74,649,000 after buying an additional 47,245 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of WGL by 64.7% in the 4th quarter. Renaissance Technologies LLC now owns 660,100 shares of the utilities provider’s stock valued at $56,663,000 after buying an additional 259,300 shares during the last quarter. 72.87% of the stock is owned by institutional investors.
Shares of WGL Holdings Inc (NYSE WGL) opened at $82.75 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. WGL Holdings Inc has a twelve month low of $80.91 and a twelve month high of $86.89. The firm has a market capitalization of $4,249.97, a price-to-earnings ratio of 21.78, a PEG ratio of 3.62 and a beta of 0.56.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be paid a $0.515 dividend. This is a positive change from WGL’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, April 9th. WGL’s payout ratio is currently 38.56%.
Separately, Zacks Investment Research downgraded WGL from a “hold” rating to a “sell” rating in a report on Thursday, November 30th.
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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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