Financial Engines Advisors L.L.C. cut its stake in shares of WGL Holdings Inc (NYSE:WGL) by 18.2% during the second quarter, Holdings Channel reports. The firm owned 22,240 shares of the utilities provider’s stock after selling 4,952 shares during the period. Financial Engines Advisors L.L.C.’s holdings in WGL Holdings were worth $1,855,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of WGL Holdings during the fourth quarter valued at about $18,680,000. Teachers Advisors LLC raised its stake in shares of WGL Holdings by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 105,611 shares of the utilities provider’s stock valued at $8,056,000 after buying an additional 10,364 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of WGL Holdings during the first quarter valued at about $210,000. Fox Run Management L.L.C. acquired a new stake in shares of WGL Holdings during the first quarter valued at about $256,000. Finally, Americafirst Capital Management LLC acquired a new stake in shares of WGL Holdings during the first quarter valued at about $691,000. 68.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WGL Holdings Inc (NYSE WGL) opened at 85.75 on Friday. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 24.42 and a beta of 0.67. The stock has a 50 day moving average of $84.47 and a 200 day moving average of $83.10. WGL Holdings Inc has a 12-month low of $58.66 and a 12-month high of $86.89.

WGL Holdings (NYSE:WGL) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $474.36 million for the quarter, compared to analyst estimates of $477.01 million. During the same period in the prior year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that WGL Holdings Inc will post $3.18 earnings per share for the current fiscal year.

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Several equities research analysts have issued reports on WGL shares. Zacks Investment Research lowered shares of WGL Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub raised shares of WGL Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 17th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $76.75.

In other news, Director Debra L. Lee sold 3,615 shares of WGL Holdings stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $83.66, for a total transaction of $302,430.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.09% of the stock is currently owned by company insiders.

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

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