BB&T Securities LLC lessened its holdings in shares of WGL Holdings Inc (NYSE:WGL) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,932 shares of the utilities provider’s stock after selling 875 shares during the period. BB&T Securities LLC’s holdings in WGL were worth $1,930,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in WGL by 1.6% in the 2nd quarter. Capstone Asset Management Co. now owns 3,916 shares of the utilities provider’s stock worth $327,000 after purchasing an additional 60 shares in the last quarter. Strs Ohio boosted its stake in WGL by 165.4% in the 2nd quarter. Strs Ohio now owns 21,500 shares of the utilities provider’s stock worth $1,793,000 after purchasing an additional 13,400 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in WGL by 2.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 31,159 shares of the utilities provider’s stock worth $2,599,000 after purchasing an additional 660 shares in the last quarter. World Asset Management Inc boosted its stake in WGL by 2.4% in the 2nd quarter. World Asset Management Inc now owns 3,239 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 77 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in WGL by 0.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,274 shares of the utilities provider’s stock worth $357,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 71.47% of the company’s stock.

WGL Holdings Inc (NYSE WGL) traded up $0.05 on Wednesday, reaching $85.25. 242,200 shares of the company’s stock traded hands, compared to its average volume of 317,471. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.95. The company has a market cap of $4,375.24, a PE ratio of 26.63, a P/E/G ratio of 3.81 and a beta of 0.66. WGL Holdings Inc has a 1-year low of $71.95 and a 1-year high of $86.89.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.39%. The ex-dividend date is Tuesday, January 9th. WGL’s dividend payout ratio is currently 54.55%.

WGL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of WGL from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub upgraded shares of WGL from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Hilliard Lyons upgraded shares of WGL from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th.

In other WGL news, Director Debra L. Lee sold 2,122 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $84.00, for a total transaction of $178,248.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.99% of the stock is currently owned by corporate insiders.

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WGL 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.

Institutional Ownership by Quarter for WGL (NYSE:WGL)

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