WGL Holdings Inc. (WGL) to Issue Quarterly Dividend of $0.49 on November 1st
WGL Holdings Inc. (NYSE:WGL) announced a quarterly dividend on Wednesday, September 28th. Stockholders of record on Monday, October 10th will be paid a dividend of 0.4875 per share on Tuesday, November 1st. This represents a $1.95 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, October 5th.
Shares of WGL Holdings (NYSE:WGL) opened at 62.76 on Friday. The stock’s 50 day moving average is $63.61 and its 200 day moving average is $67.50. WGL Holdings has a 52 week low of $57.04 and a 52 week high of $74.10. The stock has a market capitalization of $3.20 billion, a PE ratio of 17.75 and a beta of 0.59.
WGL Holdings (NYSE:WGL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.19. The business earned $440.60 million during the quarter, compared to the consensus estimate of $482.57 million. WGL Holdings had a net margin of 7.61% and a return on equity of 11.60%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. Analysts anticipate that WGL Holdings will post $3.15 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in WGL. Raymond James & Associates increased its stake in WGL Holdings by 9.1% in the second quarter. Raymond James & Associates now owns 3,139 shares of the company’s stock worth $222,000 after buying an additional 261 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of WGL Holdings during the second quarter valued at approximately $222,000. Pacer Advisors Inc. acquired a new position in shares of WGL Holdings during the second quarter valued at approximately $285,000. Stratos Wealth Partners LTD. acquired a new position in shares of WGL Holdings during the second quarter valued at approximately $287,000. Finally, Advisor Group Inc. acquired a new position in shares of WGL Holdings during the second quarter valued at approximately $310,000. Institutional investors own 68.41% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $78.00.
WGL Holdings Company Profile
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.
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