Kassirer Asset Management Corp trimmed its position in shares of WGL Holdings Inc (NYSE:WGL) by 47.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the utilities provider’s stock after selling 10,000 shares during the period. WGL Holdings makes up approximately 0.9% of Kassirer Asset Management Corp’s holdings, making the stock its 29th biggest holding. Kassirer Asset Management Corp’s holdings in WGL Holdings were worth $926,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of WGL Holdings by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock worth $147,000 after acquiring an additional 128 shares in the last quarter. Greenwood Capital Associates LLC purchased a new stake in shares of WGL Holdings during the 2nd quarter worth approximately $203,000. World Asset Management Inc raised its holdings in shares of WGL Holdings by 2.4% during the 2nd quarter. World Asset Management Inc now owns 3,239 shares of the utilities provider’s stock worth $270,000 after acquiring an additional 77 shares in the last quarter. Heritage Investors Management Corp raised its holdings in shares of WGL Holdings by 41.4% during the 3rd quarter. Heritage Investors Management Corp now owns 3,799 shares of the utilities provider’s stock worth $320,000 after acquiring an additional 1,112 shares in the last quarter. Finally, Shelton Capital Management purchased a new stake in shares of WGL Holdings during the 2nd quarter worth approximately $322,000. 68.65% of the stock is currently owned by institutional investors and hedge funds.
WGL Holdings Inc (NYSE WGL) traded down $0.14 during trading hours on Friday, reaching $85.39. The company had a trading volume of 138,100 shares, compared to its average volume of 315,286. WGL Holdings Inc has a one year low of $61.03 and a one year high of $86.89. The stock has a market cap of $4,370.00, a price-to-earnings ratio of 25.45, a PEG ratio of 3.84 and a beta of 0.68. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 0.81.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $2.04 annualized dividend and a yield of 2.39%. WGL Holdings’s payout ratio is presently 58.29%.
WGL has been the topic of several recent research reports. BidaskClub raised WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research cut WGL Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Hilliard Lyons raised WGL Holdings from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $74.67.
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In related news, Director Debra L. Lee sold 2,122 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $84.00, for a total transaction of $178,248.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.09% of the company’s stock.
WGL Holdings 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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