WGL Holdings Inc (NYSE:WGL) announced a quarterly dividend on Wednesday, February 1st. Stockholders of record on Monday, April 10th will be given a dividend of 0.51 per share on Monday, May 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.49%. This is a boost from WGL Holdings’s previous quarterly dividend of $0.49.
Shares of WGL Holdings (NYSE:WGL) opened at 81.94 on Wednesday. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 24.76 and a beta of 0.55. WGL Holdings has a 52-week low of $58.66 and a 52-week high of $83.79. The stock’s 50 day moving average price is $78.09 and its 200-day moving average price is $68.27.
Institutional investors have recently made changes to their positions in the stock. Credit Suisse AG raised its position in shares of WGL Holdings by 5.4% in the third quarter. Credit Suisse AG now owns 68,719 shares of the company’s stock worth $4,308,000 after buying an additional 3,522 shares during the period. Ameritas Investment Partners Inc. raised its position in WGL Holdings by 102.8% in the third quarter. Ameritas Investment Partners Inc. now owns 24,120 shares of the company’s stock valued at $1,511,000 after buying an additional 12,226 shares during the last quarter. Jane Street Group LLC acquired a new position in WGL Holdings during the third quarter valued at $376,000. The Manufacturers Life Insurance Company acquired a new position in WGL Holdings during the third quarter valued at $6,418,000. Finally, Advantus Capital Management Inc raised its position in WGL Holdings by 1.9% in the third quarter. Advantus Capital Management Inc now owns 6,214 shares of the company’s stock valued at $390,000 after buying an additional 118 shares during the last quarter. Institutional investors own 65.94% of the company’s stock.
Several analysts have commented on WGL shares. Zacks Investment Research cut shares of WGL Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Seaport Global Securities started coverage on shares of WGL Holdings in a research note on Friday, December 2nd. They issued a “neutral” rating and a $71.00 target price for the company. Janney Montgomery Scott raised shares of WGL Holdings from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Friday, November 18th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of WGL Holdings in a research note on Thursday, December 1st. Six research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $75.00.
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.