WGL Holdings Inc (NYSE:WGL) – Investment analysts at Seaport Global Securities cut their FY2017 earnings per share (EPS) estimates for shares of WGL Holdings in a research note issued on Friday. Seaport Global Securities analyst M. Levin now anticipates that the utilities provider will post earnings of $3.15 per share for the year, down from their previous estimate of $3.25. Seaport Global Securities also issued estimates for WGL Holdings’ FY2018 earnings at $3.50 EPS and FY2019 earnings at $3.70 EPS.

WGL Holdings (NYSE:WGL) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. The business had revenue of $474.36 million during the quarter, compared to analyst estimates of $477.01 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. WGL Holdings’s revenue for the quarter was up 7.7% compared to the same quarter last year.

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A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded WGL Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub upgraded WGL Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 17th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. WGL Holdings currently has a consensus rating of “Hold” and a consensus target price of $76.75.

WGL Holdings (NYSE WGL) opened at 85.69 on Monday. WGL Holdings has a 12 month low of $58.66 and a 12 month high of $86.89. The company has a 50 day moving average price of $84.10 and a 200 day moving average price of $82.84. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 24.41 and a beta of 0.67.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of WGL Holdings by 3,986.0% in the first quarter. BlackRock Inc. now owns 5,449,997 shares of the utilities provider’s stock worth $449,789,000 after buying an additional 5,316,615 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of WGL Holdings by 340.7% in the first quarter. JPMorgan Chase & Co. now owns 722,496 shares of the utilities provider’s stock worth $59,628,000 after buying an additional 558,565 shares during the period. P Schoenfeld Asset Management LP purchased a new stake in shares of WGL Holdings during the first quarter worth approximately $29,749,000. Norges Bank purchased a new stake in shares of WGL Holdings during the fourth quarter worth approximately $18,680,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of WGL Holdings by 2,936.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 230,123 shares of the utilities provider’s stock worth $18,992,000 after buying an additional 222,545 shares during the period. 68.01% of the stock is owned by hedge funds and other institutional investors.

In other WGL Holdings news, Director Debra L. Lee sold 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $82.94, for a total value of $232,232.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.99% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.51 dividend. The ex-dividend date was Thursday, July 6th. This represents a $2.04 dividend on an annualized basis and a yield of 2.38%. WGL Holdings’s dividend payout ratio (DPR) is presently 58.12%.

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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