American International Group Inc. grew its position in WGL Holdings Inc (NYSE:WGL) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,151 shares of the utilities provider’s stock after purchasing an additional 3,730 shares during the period. American International Group Inc. owned about 0.27% of WGL worth $11,717,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in WGL by 169.2% in the first quarter. Public Employees Retirement System of Ohio now owns 8,971 shares of the utilities provider’s stock valued at $740,000 after purchasing an additional 5,638 shares in the last quarter. Capstone Asset Management Co. grew its position in shares of WGL by 1.6% in the 2nd quarter. Capstone Asset Management Co. now owns 3,916 shares of the utilities provider’s stock valued at $327,000 after acquiring an additional 60 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of WGL by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,335 shares of the utilities provider’s stock valued at $1,530,000 after acquiring an additional 787 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of WGL by 17.2% during the 2nd quarter. LS Investment Advisors LLC now owns 3,982 shares of the utilities provider’s stock worth $332,000 after buying an additional 583 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of WGL by 2.0% during the 2nd quarter. Aperio Group LLC now owns 32,704 shares of the utilities provider’s stock worth $2,728,000 after buying an additional 626 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of WGL from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. BidaskClub upgraded shares of WGL from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Hilliard Lyons upgraded shares of WGL from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Tuesday, January 9th. WGL’s payout ratio is presently 54.55%.
In other news, Director Debra L. Lee sold 2,122 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $84.00, for a total value of $178,248.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.99% of the stock is currently owned by insiders.
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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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