Ladenburg Thalmann Financial Services Inc. boosted its holdings in WGL Holdings Inc (NYSE:WGL) by 102.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,265 shares of the utilities provider’s stock after buying an additional 3,178 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in WGL were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in WGL by 4.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 323,820 shares of the utilities provider’s stock worth $27,017,000 after purchasing an additional 12,779 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of WGL by 79.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 78,500 shares of the utilities provider’s stock valued at $6,549,000 after buying an additional 34,700 shares during the period. Legal & General Group Plc boosted its stake in shares of WGL by 14.4% during the 2nd quarter. Legal & General Group Plc now owns 61,675 shares of the utilities provider’s stock valued at $5,148,000 after buying an additional 7,766 shares during the period. Comerica Bank boosted its stake in shares of WGL by 0.7% during the 2nd quarter. Comerica Bank now owns 41,629 shares of the utilities provider’s stock valued at $3,543,000 after buying an additional 294 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in shares of WGL by 251.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 15,650 shares of the utilities provider’s stock valued at $1,306,000 after buying an additional 11,200 shares during the period. Hedge funds and other institutional investors own 71.46% of the company’s stock.

Shares of WGL Holdings Inc (NYSE WGL) opened at $85.65 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.95. WGL Holdings Inc has a 52 week low of $73.53 and a 52 week high of $86.89. The stock has a market cap of $4,398.35, a price-to-earnings ratio of 22.90, a P/E/G ratio of 4.00 and a beta of 0.66.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, January 9th. WGL’s payout ratio is presently 40.37%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of WGL from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Hilliard Lyons raised shares of WGL from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th.

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WGL 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.

Institutional Ownership by Quarter for WGL (NYSE:WGL)

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