Sandy Spring Bank raised its position in WGL Holdings Inc (NYSE:WGL) by 18.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,976 shares of the utilities provider’s stock after purchasing an additional 2,650 shares during the quarter. Sandy Spring Bank’s holdings in WGL Holdings were worth $1,417,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in WGL Holdings by 36.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 80,682 shares of the utilities provider’s stock worth $6,733,000 after purchasing an additional 21,478 shares during the period. Laurion Capital Management LP purchased a new stake in WGL Holdings in the 2nd quarter worth about $4,945,000. Amalgamated Bank raised its position in WGL Holdings by 2.2% in the 2nd quarter. Amalgamated Bank now owns 7,255 shares of the utilities provider’s stock worth $605,000 after purchasing an additional 157 shares during the period. Nationwide Fund Advisors raised its position in WGL Holdings by 2.7% in the 2nd quarter. Nationwide Fund Advisors now owns 128,254 shares of the utilities provider’s stock worth $10,700,000 after purchasing an additional 3,362 shares during the period. Finally, Ameriprise Financial Inc. raised its position in WGL Holdings by 11.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 161,578 shares of the utilities provider’s stock worth $13,480,000 after purchasing an additional 17,139 shares during the period. 69.13% of the stock is currently owned by institutional investors.
Shares of WGL Holdings Inc (WGL) traded down 0.48% during trading on Friday, hitting $84.28. 467,036 shares of the stock were exchanged. The stock’s 50 day moving average price is $84.63 and its 200-day moving average price is $83.48. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 24.00 and a beta of 0.69. WGL Holdings Inc has a one year low of $58.66 and a one year high of $86.89.
WGL Holdings (NYSE:WGL) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $477.01 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that WGL Holdings Inc will post $3.22 EPS for the current year.
WGL has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of WGL Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Hilliard Lyons raised shares of WGL Holdings from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 29th. Finally, BidaskClub raised shares of WGL Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. WGL Holdings presently has an average rating of “Hold” and a consensus target price 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.
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