WGL Holdings Inc. (WGL) Receives Average Rating of “Hold” from Brokerages
Shares of WGL Holdings Inc. (NYSE:WGL) have received an average recommendation of “Hold” from the six research firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company.
Several equities research analysts have weighed in on WGL shares. Janney Montgomery Scott raised shares of WGL Holdings from a “neutral” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of WGL Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th.
Several large investors have recently bought and sold shares of the company. State Street Corp boosted its position in WGL Holdings by 14.4% in the second quarter. State Street Corp now owns 3,886,726 shares of the company’s stock valued at $275,140,000 after buying an additional 488,343 shares during the period. Emerald Acquisition Ltd. purchased a new position in WGL Holdings during the second quarter valued at $15,191,000. BlackRock Fund Advisors boosted its position in WGL Holdings by 6.6% in the third quarter. BlackRock Fund Advisors now owns 2,782,064 shares of the company’s stock valued at $174,435,000 after buying an additional 171,574 shares during the period. The Manufacturers Life Insurance Company purchased a new position in WGL Holdings during the third quarter valued at $6,418,000. Finally, Robecosam AG boosted its position in WGL Holdings by 192.4% in the third quarter. Robecosam AG now owns 119,000 shares of the company’s stock valued at $7,468,000 after buying an additional 78,300 shares during the period. 68.58% of the stock is owned by institutional investors.
WGL Holdings (NYSE:WGL) traded up 1.23% on Friday, reaching $64.82. 633,254 shares of the company’s stock traded hands. The company’s 50 day moving average is $61.25 and its 200-day moving average is $65.48. WGL Holdings has a 52-week low of $58.62 and a 52-week high of $74.10. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 18.33 and a beta of 0.48.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were given a dividend of $0.4875 per share. This represents a $1.95 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Wednesday, October 5th. WGL Holdings’s payout ratio is presently 58.38%.
About WGL Holdings
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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