Schwab Charles Investment Management Inc. Has $35.99 Million Position in WGL Holdings Inc (WGL)
Schwab Charles Investment Management Inc. increased its holdings in WGL Holdings Inc (NYSE:WGL) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 419,295 shares of the utilities provider’s stock after purchasing an additional 18,382 shares during the period. Schwab Charles Investment Management Inc.’s holdings in WGL were worth $35,993,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of WGL in the third quarter worth $312,000. California Public Employees Retirement System grew its stake in shares of WGL by 13.3% in the third quarter. California Public Employees Retirement System now owns 113,415 shares of the utilities provider’s stock worth $9,550,000 after purchasing an additional 13,315 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of WGL by 102.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,265 shares of the utilities provider’s stock worth $529,000 after purchasing an additional 3,178 shares during the last quarter. Earnest Partners LLC grew its stake in shares of WGL by 1.6% in the third quarter. Earnest Partners LLC now owns 1,269,627 shares of the utilities provider’s stock worth $106,903,000 after purchasing an additional 19,615 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of WGL in the third quarter worth $583,000. 69.48% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research cut shares of WGL from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th.
WGL (NYSE:WGL) last released its earnings results on Friday, November 17th. The utilities provider reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The business had revenue of $429.12 million for the quarter, compared to analyst estimates of $479.60 million. WGL had a net margin of 11.40% and a return on equity of 12.85%. equities analysts expect that WGL Holdings Inc will post 3.61 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a $0.51 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $2.04 annualized dividend and a yield of 2.41%. WGL’s payout ratio is 38.49%.
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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.
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