Wells Fargo & Company MN boosted its stake in WGL Holdings Inc (NYSE:WGL) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,181 shares of the utilities provider’s stock after purchasing an additional 14,764 shares during the quarter. Wells Fargo & Company MN owned about 0.39% of WGL worth $16,939,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in WGL by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 128 shares during the period. Greenwood Capital Associates LLC acquired a new stake in WGL in the second quarter worth $203,000. Heritage Investors Management Corp grew its holdings in WGL by 41.4% in the third quarter. Heritage Investors Management Corp now owns 3,799 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 1,112 shares during the period. Shelton Capital Management acquired a new stake in WGL in the second quarter worth $322,000. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in WGL by 6,465.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,005 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 3,944 shares during the period. Institutional investors and hedge funds own 71.46% of the company’s stock.

A number of research firms have commented on WGL. Zacks Investment Research cut shares of WGL from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. Hilliard Lyons raised shares of WGL from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th.

WGL Holdings Inc (WGL) opened at $85.65 on Thursday. WGL Holdings Inc has a 12 month low of $73.53 and a 12 month high of $86.89. The firm has a market cap of $4,403.48, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 3.99 and a beta of 0.66. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, January 9th. WGL’s dividend payout ratio (DPR) is 40.37%.

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WGL 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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