Principal Financial Group Inc. raised its stake in WGL Holdings Inc (NYSE:WGL) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,722 shares of the utilities provider’s stock after acquiring an additional 5,850 shares during the quarter. Principal Financial Group Inc. owned approximately 0.42% of WGL Holdings worth $17,997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WGL. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in WGL Holdings by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 128 shares during the last quarter. Madden Advisory Services Inc. purchased a new position in WGL Holdings in the first quarter valued at about $191,000. Greenwood Capital Associates LLC purchased a new position in WGL Holdings in the second quarter valued at about $203,000. TD Asset Management Inc. purchased a new position in WGL Holdings in the first quarter valued at about $204,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in WGL Holdings in the first quarter valued at about $206,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Shares of WGL Holdings Inc (WGL) opened at 84.28 on Friday. WGL Holdings Inc has a 52 week low of $58.66 and a 52 week high of $86.89. The stock has a market capitalization of $4.32 billion, a PE ratio of 24.00 and a beta of 0.69. The company’s 50 day moving average is $84.63 and its 200-day moving average is $83.48.

WGL Holdings (NYSE:WGL) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). WGL Holdings had a return on equity of 11.76% and a net margin of 7.60%. The company had revenue of $474.36 million during the quarter, compared to the consensus estimate of $477.01 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that WGL Holdings Inc will post $3.22 earnings per share for the current year.

A number of research analysts have weighed in on WGL shares. BidaskClub upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Hilliard Lyons upgraded shares of WGL Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $76.75.

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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.

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

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