12,700 Shares in WGL Holdings Inc (WGL) Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board bought a new stake in WGL Holdings Inc (NYSE:WGL) in the 4th quarter, HoldingsChannel reports. The fund bought 12,700 shares of the utilities provider’s stock, valued at approximately $1,090,000.

Several other hedge funds have also recently made changes to their positions in WGL. Magnetar Financial LLC boosted its stake in shares of WGL by 58.6% in the third quarter. Magnetar Financial LLC now owns 1,585,696 shares of the utilities provider’s stock valued at $133,516,000 after purchasing an additional 586,112 shares during the period. P Schoenfeld Asset Management LP boosted its stake in WGL by 465.6% during the 4th quarter. P Schoenfeld Asset Management LP now owns 282,776 shares of the utilities provider’s stock valued at $24,273,000 after acquiring an additional 232,776 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in WGL by 214.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 247,201 shares of the utilities provider’s stock valued at $20,814,000 after acquiring an additional 168,701 shares during the last quarter. FMR LLC bought a new position in WGL during the 2nd quarter valued at $12,808,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in WGL by 23.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 400,913 shares of the utilities provider’s stock valued at $33,757,000 after acquiring an additional 77,093 shares during the last quarter. Institutional investors and hedge funds own 70.50% of the company’s stock.

WGL Holdings Inc (WGL) opened at $83.33 on Friday. WGL Holdings Inc has a 52 week low of $81.59 and a 52 week high of $86.89. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The company has a market cap of $4,293.63, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 3.65 and a beta of 0.56.

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

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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.

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Institutional Ownership by Quarter for WGL (NYSE:WGL)

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