WGL Holdings Inc. (WGL) Position Held by Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. maintained its stake in shares of WGL Holdings Inc. (NYSE:WGL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,000 shares of the company’s stock at the end of the third quarter. Duff & Phelps Investment Management Co. owned about 1.96% of WGL Holdings worth $62,700,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of WGL Holdings during the second quarter worth $120,000. M&R Capital Management Inc. acquired a new position in shares of WGL Holdings during the second quarter worth $120,000. Private Advisor Group LLC acquired a new position in shares of WGL Holdings during the second quarter worth $207,000. LS Investment Advisors LLC increased its position in shares of WGL Holdings by 75.1% in the second quarter. LS Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $214,000 after buying an additional 1,294 shares in the last quarter. Finally, Raymond James & Associates increased its position 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. Institutional investors and hedge funds own 66.35% of the company’s stock.
Shares of WGL Holdings Inc. (NYSE:WGL) opened at 74.94 on Wednesday. The company’s 50 day moving average is $62.28 and its 200 day moving average is $65.34. WGL Holdings Inc. has a 12 month low of $58.62 and a 12 month high of $74.94. The company has a market cap of $3.84 billion, a P/E ratio of 22.64 and a beta of 0.48.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 10th will be given a $0.4875 dividend. The ex-dividend date of this dividend is Friday, January 6th. This represents a $1.95 annualized dividend and a yield of 2.59%. WGL Holdings’s dividend payout ratio (DPR) is 58.38%.
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A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of WGL Holdings from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Wednesday. Janney Montgomery Scott downgraded shares of WGL Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $77.50.
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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