WGL Holdings Inc. (WGL) Trading 1.4% Higher
WGL Holdings Inc. (NYSE:WGL)’s share price traded up 1.4% on Tuesday . The stock traded as high as $71.72 and last traded at $71.62, with a volume of 121,619 shares trading hands. The stock had previously closed at $70.63.
Several equities analysts recently weighed in on the stock. BB&T Corp. assumed coverage on shares of WGL Holdings in a report on Wednesday, March 30th. They set a “hold” rating on the stock. Zacks Investment Research upgraded shares of WGL Holdings from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Thursday, March 10th. US Capital Advisors lowered shares of WGL Holdings from an “overweight” rating to a “hold” rating in a report on Thursday, March 10th. Finally, Wells Fargo & Co. assumed coverage on shares of WGL Holdings in a report on Wednesday, June 1st. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $78.00.
The firm has a 50 day moving average of $67.34 and a 200-day moving average of $67.21. The company has a market capitalization of $3.60 billion and a P/E ratio of 22.33.
WGL Holdings (NYSE:WGL) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $1.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.96 by $0.18. The firm had revenue of $835.70 million for the quarter, compared to the consensus estimate of $1.04 billion. The firm’s revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.02 EPS. On average, analysts forecast that WGL Holdings Inc. will post $3.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Sunday, July 10th will be paid a dividend of $0.4875 per share. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $1.95 annualized dividend and a dividend yield of 2.73%.
In other news, Director Nancy C. Floyd sold 850 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $68.28, for a total transaction of $58,038.00. Following the transaction, the director now owns 9,347 shares in the company, valued at approximately $638,213.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Other hedge funds and institutional investors have made changes to their positions in the company. Mutual of America Capital Management LLC raised its position in shares of WGL Holdings by 1.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 33,607 shares of the company’s stock valued at $2,117,000 after buying an additional 459 shares during the period. Retirement Systems of Alabama increased its stake in WGL Holdings by 1.5% in the fourth quarter. Retirement Systems of Alabama now owns 64,032 shares of the company’s stock valued at $4,033,000 after buying an additional 966 shares in the last quarter. California State Teachers Retirement System increased its stake in WGL Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 92,150 shares of the company’s stock valued at $5,805,000 after buying an additional 1,426 shares in the last quarter. New York State Common Retirement Fund increased its stake in WGL Holdings by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 348,099 shares of the company’s stock valued at $21,927,000 after buying an additional 2,000 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in WGL Holdings by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 160,730 shares of the company’s stock valued at $10,124,000 after buying an additional 4,386 shares in the last quarter.
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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