Renaissance Technologies LLC lifted its stake in shares of WGL Holdings Inc (NYSE:WGL) by 64.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 660,100 shares of the utilities provider’s stock after purchasing an additional 259,300 shares during the period. Renaissance Technologies LLC owned approximately 1.29% of WGL worth $56,663,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in WGL. SeaCrest Wealth Management LLC acquired a new stake in shares of WGL during the fourth quarter worth $180,000. Exencial Wealth Advisors LLC acquired a new stake in shares of WGL during the fourth quarter worth $201,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of WGL by 55.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,735 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 979 shares during the period. ACG Wealth acquired a new stake in shares of WGL during the fourth quarter worth $276,000. Finally, Sullivan Bruyette Speros & Blaney LLC acquired a new stake in shares of WGL during the fourth quarter worth $291,000. 72.87% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research lowered WGL from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th.
WGL (NYSE:WGL) last posted its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.58. The firm had revenue of $652.44 million for the quarter, compared to analyst estimates of $643.30 million. WGL had a return on equity of 12.67% and a net margin of 11.40%. equities analysts predict that WGL Holdings Inc will post 3.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.46%. This is a positive change from WGL’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, April 9th. WGL’s payout ratio is presently 38.56%.
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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