WGL Holdings Inc. (WGL) Sees Large Volume Increase
Shares of WGL Holdings Inc. (NYSE:WGL) saw unusually-high trading volume on Thursday . Approximately 256,632 shares traded hands during mid-day 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.
WGL has been the subject of several research reports. Zacks Investment Research cut WGL Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. BB&T Corp. initiated coverage on WGL Holdings in a research report on Wednesday, March 30th. They issued a “hold” rating for the company. Finally, Wells Fargo & Co. initiated coverage on WGL Holdings in a research report on Wednesday, June 1st. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. WGL Holdings has an average rating of “Hold” and an average price target of $78.00.
The company has a market capitalization of $3.56 billion and a PE ratio of 22.10. The stock has a 50-day moving average of $67.70 and a 200-day moving average of $67.29.
WGL Holdings (NYSE:WGL) last released its quarterly earnings results on Wednesday, May 4th. The company reported $1.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.96 by $0.18. The company earned $835.70 million during the quarter, compared to analyst estimates of $1.04 billion. WGL Holdings’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.02 EPS. Equities research analysts anticipate that WGL Holdings Inc. will post $3.08 EPS for the current fiscal year.
The company also recently declared 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 of this dividend is Wednesday, July 6th. This represents a $1.95 annualized dividend and a yield of 2.75%.
In related news, Director Nancy C. Floyd sold 850 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $68.28, for a total value of $58,038.00. Following the completion of the sale, the director now directly owns 9,347 shares in the company, valued at approximately $638,213.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its stake in 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 during the period. 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 during the period. 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 during the period. 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 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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