Prudential Financial Inc. decreased its position in WGL Holdings Inc. (NYSE:WGL) by 67.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,775 shares of the company’s stock after selling 122,760 shares during the period. Prudential Financial Inc. owned about 0.12% of WGL Holdings worth $4,232,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Aperio Group LLC increased its position in shares of WGL Holdings by 21.2% in the first quarter. Aperio Group LLC now owns 18,045 shares of the company’s stock worth $1,306,000 after buying an additional 3,151 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of WGL Holdings by 3.1% in the first quarter. Teachers Advisors Inc. now owns 87,795 shares of the company’s stock worth $6,354,000 after buying an additional 2,677 shares in the last quarter. BlackRock Inc. increased its position in shares of WGL Holdings by 8.2% in the first quarter. BlackRock Inc. now owns 96,581 shares of the company’s stock worth $6,990,000 after buying an additional 7,300 shares in the last quarter. BlackRock Group LTD increased its position in shares of WGL Holdings by 3.2% in the first quarter. BlackRock Group LTD now owns 56,707 shares of the company’s stock worth $4,105,000 after buying an additional 1,748 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of WGL Holdings by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,460,594 shares of the company’s stock worth $105,703,000 after buying an additional 13,062 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.
WGL Holdings Inc. (NYSE:WGL) opened at 60.25 on Monday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 17.04 and a beta of 0.57. The company has a 50-day moving average price of $62.24 and a 200-day moving average price of $66.75. WGL Holdings Inc. has a one year low of $57.04 and a one year high of $74.10.
WGL Holdings (NYSE:WGL) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.19. The company had revenue of $440.60 million for the quarter, compared to the consensus estimate of $482.57 million. WGL Holdings had a return on equity of 11.60% and a net margin of 7.61%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. On average, equities research analysts anticipate that WGL Holdings Inc. will post $3.17 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be issued a dividend of $0.4875 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.95 annualized dividend and a dividend yield of 3.24%. WGL Holdings’s payout ratio is currently 55.08%.
Separately, Zacks Investment Research raised WGL Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $78.00.
About WGL Holdings
WGL Holdings, Inc (WGL Holdings), is a United States of America-based public utility holding. Through its wholly owned subsidiaries, it sells and delivers natural gas and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia.