WGL Holdings Inc. (NYSE:WGL) declared a quarterly dividend on Wednesday, September 28th. Stockholders of record on Monday, October 10th will be paid a dividend of 0.4875 per share on Tuesday, November 1st. This represents a $1.95 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, October 5th.
WGL Holdings (NYSE:WGL) opened at 62.76 on Friday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 17.75 and a beta of 0.59. WGL Holdings has a 52 week low of $57.04 and a 52 week high of $74.10. The stock’s 50 day moving average is $63.61 and its 200 day moving average is $67.50.
WGL Holdings (NYSE:WGL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.19. WGL Holdings had a net margin of 7.61% and a return on equity of 11.60%. The business had revenue of $440.60 million for the quarter, compared to the consensus estimate of $482.57 million. During the same period in the prior year, the company posted $0.22 earnings per share. WGL Holdings’s revenue was down .1% compared to the same quarter last year. Equities research analysts expect that WGL Holdings will post $3.15 EPS for the current year.
Separately, Zacks Investment Research upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Five analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $78.00.
Large investors have recently made changes to their positions in the company. BlackRock Investment Management LLC increased its stake in shares of WGL Holdings by 8.3% in the second quarter. BlackRock Investment Management LLC now owns 330,860 shares of the company’s stock worth $23,422,000 after buying an additional 25,285 shares during the last quarter. BlackRock Inc. increased its stake in shares of WGL Holdings by 31.0% in the second quarter. BlackRock Inc. now owns 126,516 shares of the company’s stock worth $8,956,000 after buying an additional 29,935 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of WGL Holdings by 4.5% in the second quarter. BlackRock Fund Advisors now owns 2,610,490 shares of the company’s stock worth $184,797,000 after buying an additional 113,106 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of WGL Holdings by 1.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,478,251 shares of the company’s stock worth $104,645,000 after buying an additional 17,657 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of WGL Holdings by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 11,894 shares of the company’s stock worth $842,000 after buying an additional 581 shares during the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.
About WGL Holdings
WGL Holdings, Inc (WGL Holdings), is a United States of America-based public utility holding. Through its wholly owned subsidiaries, it sells and delivers natural gas and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia.
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