WGL Holdings Inc (WGL) Director Sells $302,430.90 in Stock
WGL Holdings Inc (NYSE:WGL) Director Debra L. Lee sold 3,615 shares of WGL Holdings stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $83.66, for a total transaction of $302,430.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Debra L. Lee also recently made the following trade(s):
- On Wednesday, May 24th, Debra L. Lee sold 2,800 shares of WGL Holdings stock. The stock was sold at an average price of $82.94, for a total transaction of $232,232.00.
Shares of WGL Holdings Inc (NYSE WGL) traded down 0.12% during midday trading on Tuesday, hitting $83.75. 24,276 shares of the stock were exchanged. The stock’s 50 day moving average is $82.97 and its 200 day moving average is $81.28. The firm has a market cap of $4.29 billion, a P/E ratio of 24.66 and a beta of 0.65. WGL Holdings Inc has a 12-month low of $58.66 and a 12-month high of $84.54.
WGL Holdings (NYSE:WGL) last released its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by $0.10. The business had revenue of $841.80 million for the quarter, compared to the consensus estimate of $899.14 million. WGL Holdings had a return on equity of 12.25% and a net margin of 7.46%. WGL Holdings’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 earnings per share. On average, equities research analysts forecast that WGL Holdings Inc will post $3.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, July 6th. WGL Holdings’s payout ratio is 60.18%.
A number of brokerages have commented on WGL. BidaskClub upgraded shares of WGL Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday. Zacks Investment Research lowered shares of WGL Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Hilliard Lyons lowered shares of WGL Holdings from a “neutral” rating to an “underperform” rating in a research note on Wednesday, March 15th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. WGL Holdings currently has a consensus rating of “Hold” and a consensus target price of $75.00.
Institutional investors have recently added to or reduced their stakes in the company. Madden Advisory Services Inc. purchased a new stake in shares of WGL Holdings during the first quarter worth about $191,000. TD Asset Management Inc. purchased a new stake in shares of WGL Holdings during the first quarter worth about $204,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of WGL Holdings during the first quarter worth about $206,000. Raymond James Trust N.A. purchased a new stake in shares of WGL Holdings during the first quarter worth about $210,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of WGL Holdings during the first quarter worth about $228,000. 68.04% of the stock is owned by institutional investors.
About WGL Holdings
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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