WGL Holdings Inc. (NYSE:WGL) shares saw strong trading volume on Thursday . 256,632 shares traded hands during trading, a decline of 8% from the previous session’s volume of 278,403 shares.The stock last traded at $70.77 and had previously closed at $71.55.

Several research firms have issued reports on WGL. Wells Fargo & Co. began coverage on WGL Holdings in a research note on Wednesday, June 1st. They issued a “market perform” rating on the stock. US Capital Advisors downgraded WGL Holdings from an “overweight” rating to a “hold” rating in a research note on Thursday, March 10th. Zacks Investment Research raised WGL Holdings from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Thursday, March 10th. Finally, BB&T Corp. began coverage on WGL Holdings in a research note on Wednesday, March 30th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $78.00.

The firm’s 50-day moving average is $67.50 and its 200 day moving average is $67.23. The company has a market capitalization of $3.52 billion and a P/E ratio of 21.85.

WGL Holdings (NYSE:WGL) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.96 by $0.18. The company had revenue of $835.70 million for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $2.02 earnings per share. The firm’s revenue was down 16.6% compared to the same quarter last year. On average, equities analysts expect that WGL Holdings Inc. will post $3.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Sunday, July 10th will be paid a $0.4875 dividend. The ex-dividend date is Wednesday, July 6th. This represents a $1.95 annualized dividend and a dividend yield of 2.79%.

In related news, Director Nancy C. Floyd sold 850 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $68.28, for a total value of $58,038.00. Following the sale, the director now owns 9,347 shares of the company’s stock, valued at $638,213.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Other hedge funds have recently modified their holdings of the company. Russell Frank Co boosted its stake in shares of WGL Holdings by 261.8% in the fourth quarter. Russell Frank Co now owns 129,060 shares of the company’s stock worth $8,398,000 after buying an additional 93,385 shares during the period. Retirement Systems of Alabama boosted its stake in shares of WGL Holdings by 1.5% in the fourth quarter. Retirement Systems of Alabama now owns 64,032 shares of the company’s stock worth $4,033,000 after buying an additional 966 shares during the period. California State Teachers Retirement System boosted its stake in shares of WGL Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 92,150 shares of the company’s stock worth $5,805,000 after buying an additional 1,426 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of WGL Holdings by 38.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 27,283 shares of the company’s stock worth $1,722,000 after buying an additional 7,600 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of WGL Holdings by 35.2% in the fourth quarter. Sei Investments Co. now owns 142,569 shares of the company’s stock worth $8,980,000 after buying an additional 37,113 shares during the period.

WGL Holdings, Inc (WGL Holdings), is a United States of America-based public utility holding. Through its wholly owned subsidiaries, it sells and delivers natural gas and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia.

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