WGL Holdings Inc. (WGL) Declares Quarterly Dividend of $0.49
WGL Holdings Inc. (NYSE:WGL) announced a quarterly dividend on Wednesday, November 23rd. Stockholders of record on Tuesday, January 10th will be given a dividend of 0.4875 per share on Wednesday, February 1st. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.89%.
Shares of WGL Holdings (NYSE:WGL) opened at 66.855 on Wednesday. The stock’s 50 day moving average price is $61.56 and its 200-day moving average price is $65.38. The company has a market cap of $3.42 billion, a P/E ratio of 20.198 and a beta of 0.48. WGL Holdings has a 52-week low of $58.62 and a 52-week high of $74.10.
WGL has been the topic of a number of recent research reports. Zacks Investment Research upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Janney Montgomery Scott upgraded WGL Holdings from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. WGL Holdings currently has an average rating of “Hold” and a consensus price target of $74.50.
Several large investors have recently modified their holdings of the stock. Raymond James & Associates increased its stake in shares of 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 in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of WGL Holdings during the second quarter worth $222,000. HighTower Advisors LLC increased its stake in shares of WGL Holdings by 23.8% in the third quarter. HighTower Advisors LLC now owns 3,833 shares of the company’s stock worth $242,000 after buying an additional 736 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of WGL Holdings during the second quarter worth $285,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of WGL Holdings during the second quarter worth $287,000. 68.04% of the stock is currently owned by hedge funds and other institutional investors.
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WGL Holdings Company Profile
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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