Debra L. Lee Sells 2,122 Shares of WGL Holdings Inc (WGL) Stock
WGL Holdings Inc (NYSE:WGL) Director Debra L. Lee sold 2,122 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website.
WGL Holdings Inc (NYSE WGL) opened at 84.47 on Wednesday. The stock’s 50 day moving average price is $84.55 and its 200-day moving average price is $83.50. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 24.06 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 released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share (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 for the quarter, compared to the consensus estimate of $477.01 million. During the same quarter in the previous year, the company posted $0.33 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Analysts forecast that WGL Holdings Inc will post $3.22 earnings per share for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in WGL Holdings by 7.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock worth $147,000 after acquiring an additional 128 shares in the last quarter. Madden Advisory Services Inc. bought a new stake in WGL Holdings during the first quarter worth about $191,000. Greenwood Capital Associates LLC bought a new stake in WGL Holdings during the second quarter worth about $203,000. TD Asset Management Inc. bought a new stake in WGL Holdings during the first quarter worth about $204,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in WGL Holdings during the first quarter worth about $206,000. Institutional investors and hedge funds own 69.05% of the company’s stock.
A number of brokerages have recently commented on WGL. BidaskClub lowered WGL Holdings from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research raised WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, Hilliard Lyons raised WGL Holdings from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $76.75.
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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