SG Americas Securities LLC cut its position in shares of WGL Holdings Inc (NYSE:WGL) by 10.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,712 shares of the utilities provider’s stock after selling 5,206 shares during the period. SG Americas Securities LLC owned 0.09% of WGL worth $3,681,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sentry Investments Corp. purchased a new position in shares of WGL in the second quarter worth about $14,534,000. State of Wisconsin Investment Board increased its position in WGL by 214.9% during the third quarter. State of Wisconsin Investment Board now owns 247,201 shares of the utilities provider’s stock worth $20,814,000 after purchasing an additional 168,701 shares during the last quarter. FMR LLC acquired a new stake in WGL during the second quarter worth about $12,808,000. Renaissance Technologies LLC acquired a new stake in WGL during the second quarter worth about $12,565,000. Finally, Farallon Capital Management LLC acquired a new stake in WGL during the second quarter worth about $10,012,000. 71.47% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on WGL. Zacks Investment Research upgraded shares of WGL from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BidaskClub cut shares of WGL from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Hilliard Lyons raised shares of WGL from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th.
The company also recently declared 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. 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 is currently 54.55%.
In related news, Director Debra L. Lee sold 2,122 shares of WGL 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.99% of the stock is owned by insiders.
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.
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