JPMorgan Chase & Co. raised its holdings in WGL Holdings Inc (NYSE:WGL) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 884,688 shares of the utilities provider’s stock after buying an additional 47,245 shares during the period. JPMorgan Chase & Co. owned about 1.73% of WGL worth $74,649,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of WGL by 1.4% in the second quarter. Vanguard Group Inc. now owns 4,560,383 shares of the utilities provider’s stock valued at $380,473,000 after buying an additional 64,602 shares in the last quarter. Northern Trust Corp raised its holdings in shares of WGL by 1.3% in the second quarter. Northern Trust Corp now owns 1,372,474 shares of the utilities provider’s stock valued at $114,507,000 after purchasing an additional 17,818 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of WGL by 1.1% in the second quarter. Earnest Partners LLC now owns 1,250,012 shares of the utilities provider’s stock valued at $104,289,000 after purchasing an additional 13,567 shares during the last quarter. CNH Partners LLC raised its holdings in shares of WGL by 9.3% in the second quarter. CNH Partners LLC now owns 769,030 shares of the utilities provider’s stock valued at $64,160,000 after purchasing an additional 65,710 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of WGL by 0.7% in the second quarter. New York State Common Retirement Fund now owns 344,836 shares of the utilities provider’s stock valued at $28,770,000 after purchasing an additional 2,399 shares during the last quarter. 71.47% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Debra L. Lee sold 2,122 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $84.00, for a total transaction of $178,248.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.99% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, January 9th. This represents a $2.04 dividend on an annualized basis and a yield of 2.39%. WGL’s dividend payout ratio (DPR) is presently 54.55%.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of WGL from a “sell” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub downgraded shares of WGL from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, Hilliard Lyons upgraded shares of WGL from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th.
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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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