Exencial Wealth Advisors LLC Purchases Shares of 2,346 WGL Holdings Inc (WGL)

Exencial Wealth Advisors LLC purchased a new stake in shares of WGL Holdings Inc (NYSE:WGL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,346 shares of the utilities provider’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in WGL by 102.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,265 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 3,178 shares during the last quarter. California Public Employees Retirement System boosted its position in WGL by 13.3% during the third quarter. California Public Employees Retirement System now owns 113,415 shares of the utilities provider’s stock valued at $9,550,000 after acquiring an additional 13,315 shares during the last quarter. JPMorgan Chase & Co. boosted its position in WGL by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 884,688 shares of the utilities provider’s stock valued at $74,649,000 after acquiring an additional 47,245 shares during the last quarter. Wells Fargo & Company MN boosted its position in WGL by 7.9% during the third quarter. Wells Fargo & Company MN now owns 201,181 shares of the utilities provider’s stock valued at $16,939,000 after acquiring an additional 14,764 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of WGL by 3.5% during the 3rd quarter. Swiss National Bank now owns 91,100 shares of the utilities provider’s stock worth $7,671,000 after purchasing an additional 3,100 shares in the last quarter. 69.28% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut shares of WGL from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th.

WGL Holdings Inc (WGL) opened at $84.25 on Friday. The stock has a market cap of $4,326.50, a PE ratio of 22.17, a PEG ratio of 3.68 and a beta of 0.56. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. WGL Holdings Inc has a 1 year low of $81.59 and a 1 year high of $86.89.

WGL (NYSE:WGL) last released its quarterly earnings data on Friday, November 17th. The utilities provider reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.02. The company had revenue of $429.12 million for the quarter, compared to analysts’ expectations of $479.60 million. WGL had a net margin of 11.40% and a return on equity of 12.67%. research analysts forecast that WGL Holdings Inc will post 3.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, January 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.42%. WGL’s dividend payout ratio (DPR) is presently 38.56%.

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WGL 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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