WGL Holdings Inc. (NYSE:WGL)’s share price dropped 1.4% on Monday . The stock traded as low as $65.15 and last traded at $65.24, with a volume of 222,929 shares trading hands. The stock had previously closed at $66.15.

WGL has been the topic of several research reports. Wells Fargo & Co. initiated coverage on WGL Holdings in a research note on Wednesday, June 1st. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $78.00.

The company’s 50 day moving average is $69.83 and its 200-day moving average is $68.54. The stock has a market cap of $3.33 billion and a PE ratio of 18.46.

WGL Holdings (NYSE:WGL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.19. The company earned $440.60 million during the quarter, compared to analyst estimates of $482.57 million. During the same period in the previous year, the company posted $0.22 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts expect that WGL Holdings Inc. will post $3.14 earnings per share for the current fiscal year.

Other large investors recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of WGL Holdings by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 928,230 shares of the company’s stock valued at $58,473,000 after buying an additional 13,249 shares during the last quarter. Matarin Capital Management LLC bought a new stake in shares of WGL Holdings during the fourth quarter valued at $6,637,000. Finally, Mutual of America Capital Management LLC boosted its stake 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 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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