SeaCrest Wealth Management LLC purchased a new position in shares of WGL Holdings Inc (NYSE:WGL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,100 shares of the utilities provider’s stock, valued at approximately $180,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its stake in shares of WGL by 0.3% during the 2nd quarter. HighTower Advisors LLC now owns 5,598 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 17 shares during the last quarter. Financial Engines Advisors L.L.C. boosted its stake in shares of WGL by 2.8% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 23,644 shares of the utilities provider’s stock worth $2,030,000 after purchasing an additional 637 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in shares of WGL by 2.3% during the 3rd quarter. Chicago Equity Partners LLC now owns 28,971 shares of the utilities provider’s stock worth $2,439,000 after purchasing an additional 660 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of WGL by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 216,516 shares of the utilities provider’s stock worth $18,231,000 after purchasing an additional 794 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of WGL by 11.7% during the 3rd quarter. Pacer Advisors Inc. now owns 7,617 shares of the utilities provider’s stock worth $641,000 after purchasing an additional 797 shares during the last quarter. 69.28% 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 Holdings Inc (WGL) opened at $84.23 on Wednesday. The firm has a market cap of $4,320.00, a PE ratio of 15.89, a PEG ratio of 3.86 and a beta of 0.57. WGL Holdings Inc has a 1-year low of $81.59 and a 1-year high of $86.89. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04.

WGL (NYSE:WGL) last announced its quarterly earnings data on Friday, November 17th. The utilities provider reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ 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 12.67%. research analysts anticipate that WGL Holdings Inc will post 3.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. WGL’s payout ratio is currently 38.49%.

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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.

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Institutional Ownership by Quarter for WGL (NYSE:WGL)

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