Financial Engines Advisors L.L.C. Has $1.94 Million Stake in WGL Holdings Inc (WGL)
Financial Engines Advisors L.L.C. grew its holdings in shares of WGL Holdings Inc (NYSE:WGL) by 3.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,007 shares of the utilities provider’s stock after buying an additional 767 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in WGL Holdings were worth $1,937,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its stake in shares of WGL Holdings by 0.3% during the second quarter. Stratos Wealth Partners LTD. now owns 4,274 shares of the utilities provider’s stock valued at $357,000 after buying an additional 12 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of WGL Holdings by 0.3% in the second quarter. HighTower Advisors LLC now owns 5,598 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 17 shares during the period. Capstone Asset Management Co. boosted its holdings in shares of WGL Holdings by 1.6% in the second quarter. Capstone Asset Management Co. now owns 3,916 shares of the utilities provider’s stock valued at $327,000 after purchasing an additional 60 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of WGL Holdings by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 4,091 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 67 shares during the period. Finally, World Asset Management Inc boosted its holdings in shares of WGL Holdings by 2.4% in the second quarter. World Asset Management Inc now owns 3,239 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 77 shares during the period. 68.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WGL Holdings Inc (WGL) traded up $0.07 during midday trading on Wednesday, hitting $85.09. The company had a trading volume of 289,900 shares, compared to its average volume of 314,919. 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 stock has a market capitalization of $4,354.64, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 3.82 and a beta of 0.68. WGL Holdings Inc has a 12-month low of $63.09 and a 12-month high of $86.89.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.40%. WGL Holdings’s dividend payout ratio is currently 58.12%.
In other WGL Holdings news, Director Debra L. Lee sold 2,122 shares of the company’s 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 Securities & Exchange Commission, which is accessible through this link. 0.99% of the stock is owned by corporate insiders.
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WGL has been the subject of a number of research reports. Hilliard Lyons upgraded WGL Holdings from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. Zacks Investment Research lowered WGL Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, BidaskClub lowered WGL Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $74.67.
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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