WGL Holdings Inc (NYSE:WGL) Director Debra L. Lee sold 2,122 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $84.00, for a total value of $178,248.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of WGL Holdings Inc (NYSE WGL) opened at 84.70 on Thursday. WGL Holdings Inc has a 52 week low of $58.66 and a 52 week high of $86.89. The stock has a 50 day moving average price of $84.55 and a 200-day moving average price of $83.50. The stock has a market cap of $4.34 billion, a P/E ratio of 24.12 and a beta of 0.69.
WGL Holdings (NYSE:WGL) last issued its quarterly earnings results 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). The company had revenue of $474.36 million during the quarter, compared to analyst estimates of $477.01 million. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. Equities analysts predict that WGL Holdings Inc will post $3.22 EPS for the current fiscal year.
Several research firms have weighed in on WGL. BidaskClub upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Hilliard Lyons upgraded WGL Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. WGL Holdings currently has a consensus rating of “Hold” and an average target price of $76.75.
Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in WGL Holdings by 7.9% in the 2nd 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 period. Madden Advisory Services Inc. acquired a new position in WGL Holdings in the 1st quarter valued at about $191,000. Greenwood Capital Associates LLC acquired a new position in WGL Holdings in the 2nd quarter valued at about $203,000. TD Asset Management Inc. acquired a new position in WGL Holdings in the 1st quarter valued at about $204,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in WGL Holdings in the 1st quarter valued at about $206,000. Hedge funds and other institutional investors own 69.05% of the company’s stock.
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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