State of Wisconsin Investment Board lifted its position in shares of WGL Holdings Inc (NYSE:WGL) by 35.6% during the 4th quarter, HoldingsChannel reports. The firm owned 335,196 shares of the utilities provider’s stock after purchasing an additional 87,995 shares during the quarter. State of Wisconsin Investment Board’s holdings in WGL were worth $28,773,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Magnetar Financial LLC lifted 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 buying an additional 586,112 shares during the period. Earnest Partners LLC raised its position in 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 purchasing an additional 19,615 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 47,245 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in WGL by 4.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 419,295 shares of the utilities provider’s stock valued at $35,993,000 after purchasing an additional 18,382 shares during the last quarter. Finally, P Schoenfeld Asset Management LP raised its position in WGL by 465.6% in the 4th quarter. P Schoenfeld Asset Management LP now owns 282,776 shares of the utilities provider’s stock valued at $24,273,000 after purchasing an additional 232,776 shares during the last quarter. 70.50% of the stock is currently owned by institutional investors.
Shares of WGL Holdings Inc (NYSE:WGL) opened at $84.25 on Tuesday. The firm has a market capitalization of $4,327.01, a price-to-earnings ratio of 22.17, a PEG ratio of 3.68 and a beta of 0.56. WGL Holdings Inc has a 52-week low of $81.59 and a 52-week high of $86.89. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.78.
WGL (NYSE:WGL) last announced its quarterly earnings data on Friday, November 17th. The utilities provider reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. WGL had a return on equity of 12.67% and a net margin of 11.40%. The business had revenue of $429.12 million during the quarter, compared to analysts’ expectations of $479.60 million. research analysts forecast that WGL Holdings Inc will post 3.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.42%. WGL’s dividend payout ratio (DPR) is presently 38.56%.
Separately, Zacks Investment Research upgraded WGL from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Thursday, January 25th.
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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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