Equities Analysts Offer Predictions for WGL Holdings Inc’s Q1 2018 Earnings (WGL)
WGL Holdings Inc (NYSE:WGL) – Equities research analysts at Seaport Global Securities issued their Q1 2018 EPS estimates for WGL in a research report issued to clients and investors on Tuesday. Seaport Global Securities analyst M. Levin forecasts that the utilities provider will post earnings of $1.25 per share for the quarter. Seaport Global Securities also issued estimates for WGL’s Q2 2018 earnings at $2.02 EPS and Q3 2018 earnings at $0.34 EPS.
Several other brokerages have also recently commented on WGL. BidaskClub upgraded WGL from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research cut WGL from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, Hilliard Lyons upgraded WGL from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $76.50.
Shares of WGL (NYSE:WGL) traded up $0.45 during mid-day trading on Wednesday, reaching $84.99. The company had a trading volume of 704,347 shares, compared to its average volume of 317,750. WGL has a 1-year low of $71.68 and a 1-year high of $86.89. The company has a market capitalization of $4,350.00, a PE ratio of 26.54, a PEG ratio of 3.82 and a beta of 0.68. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.66 and a quick ratio of 0.48.
Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of WGL by 169.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 8,971 shares of the utilities provider’s stock worth $740,000 after purchasing an additional 5,638 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in shares of WGL by 1.6% in the 2nd quarter. Capstone Asset Management Co. now owns 3,916 shares of the utilities provider’s stock worth $327,000 after purchasing an additional 60 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of WGL by 17.2% in the 2nd quarter. LS Investment Advisors LLC now owns 3,982 shares of the utilities provider’s stock worth $332,000 after purchasing an additional 583 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of WGL by 2.0% in the 2nd quarter. Aperio Group LLC now owns 32,704 shares of the utilities provider’s stock worth $2,728,000 after purchasing an additional 626 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of WGL by 1.4% in the 2nd quarter. State Treasurer State of Michigan now owns 21,140 shares of the utilities provider’s stock worth $1,764,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.
In other WGL news, Director Debra L. Lee sold 2,122 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $84.00, for a total transaction of $178,248.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.99% of the stock is currently owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 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 2.40%. The ex-dividend date is Tuesday, January 9th. WGL’s payout ratio is 54.55%.
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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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