State Board of Administration of Florida Retirement System lowered its position in WGL Holdings Inc (NYSE:WGL) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,748 shares of the utilities provider’s stock after selling 2,390 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.05% of WGL worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. First Republic Investment Management Inc. boosted its holdings in WGL by 19.5% in the first quarter. First Republic Investment Management Inc. now owns 4,900 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 800 shares during the last quarter. Legal & General Group Plc boosted its holdings in WGL by 1.3% in the first quarter. Legal & General Group Plc now owns 69,505 shares of the utilities provider’s stock valued at $5,814,000 after acquiring an additional 913 shares during the last quarter. Zeke Capital Advisors LLC boosted its holdings in WGL by 36.2% in the first quarter. Zeke Capital Advisors LLC now owns 4,336 shares of the utilities provider’s stock valued at $363,000 after acquiring an additional 1,152 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in WGL by 14.6% in the first quarter. Oppenheimer & Co. Inc. now owns 9,145 shares of the utilities provider’s stock valued at $765,000 after purchasing an additional 1,162 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in WGL by 58.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,772 shares of the utilities provider’s stock valued at $320,000 after purchasing an additional 1,393 shares during the period. Hedge funds and other institutional investors own 69.89% of the company’s stock.

NYSE:WGL opened at $88.74 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.80 and a current ratio of 0.88. WGL Holdings Inc has a 12 month low of $80.91 and a 12 month high of $88.78. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 3.91 and a beta of 0.57.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 1st. Shareholders of record on Tuesday, July 10th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Monday, July 9th. WGL’s dividend payout ratio (DPR) is presently 66.24%.

About WGL

WGL Holdings, Inc, through its subsidiaries, sells and delivers natural gas; and provides energy-related products and services. The company operates through four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. The Regulated Utility segment sells and delivers natural gas to retail customers; and owns full and partial interests in underground natural gas storage facilities, including pipeline delivery facilities located in and around Hampshire County, West Virginia.

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Institutional Ownership by Quarter for WGL (NYSE:WGL)

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