Bank of Montreal Can increased its position in shares of WGL Holdings Inc (NYSE:WGL) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,832 shares of the utilities provider’s stock after buying an additional 17 shares during the period. Bank of Montreal Can’s holdings in WGL Holdings were worth $1,989,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Madden Advisory Services Inc. bought a new stake in WGL Holdings during the first quarter worth about $191,000. TD Asset Management Inc. bought a new stake in WGL Holdings during the first quarter worth about $204,000. Dynamic Technology Lab Private Ltd bought a new stake in WGL Holdings during the first quarter worth about $206,000. Raymond James Trust N.A. bought a new stake in WGL Holdings during the first quarter worth about $210,000. Finally, Cornerstone Wealth Management LLC bought a new stake in WGL Holdings during the first quarter worth about $228,000. 68.01% of the stock is currently owned by hedge funds and other institutional investors.

WGL Holdings Inc (WGL) traded down 1.08% on Friday, hitting $84.82. The stock had a trading volume of 354,044 shares. WGL Holdings Inc has a one year low of $58.66 and a one year high of $86.89. The stock’s 50 day moving average is $84.51 and its 200 day moving average is $83.15. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 24.16 and a beta of 0.67.

WGL Holdings (NYSE:WGL) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $474.36 million during the quarter, compared to analysts’ expectations of $477.01 million. WGL Holdings had a return on equity of 11.76% and a net margin of 7.60%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. Analysts anticipate that WGL Holdings Inc will post $3.18 earnings per share for the current year.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of WGL Holdings from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub cut shares of WGL Holdings from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $76.75.

In other news, Director Debra L. Lee sold 3,615 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $83.66, for a total value of $302,430.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.09% of the company’s stock.

WGL Holdings Company Profile

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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Institutional Ownership by Quarter for WGL Holdings (NYSE:WGL)

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