S. Muoio & CO. LLC Holds Position in WGL Holdings Inc (WGL)
S. Muoio & CO. LLC held its stake in shares of WGL Holdings Inc (NYSE:WGL) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 30,000 shares of the utilities provider’s stock at the end of the second quarter. WGL Holdings makes up 1.2% of S. Muoio & CO. LLC’s holdings, making the stock its 26th largest position. S. Muoio & CO. LLC’s holdings in WGL Holdings were worth $2,503,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of WGL. Teachers Advisors LLC increased its position 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 worth $8,056,000 after buying an additional 10,364 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of WGL Holdings during the first quarter worth approximately $210,000. Fox Run Management L.L.C. bought a new position in shares of WGL Holdings during the first quarter worth approximately $256,000. Americafirst Capital Management LLC bought a new position in shares of WGL Holdings during the first quarter worth approximately $691,000. Finally, Louisiana State Employees Retirement System increased its position in shares of WGL Holdings by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the utilities provider’s stock worth $1,065,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
WGL Holdings Inc (NYSE:WGL) opened at 84.82 on Tuesday. The company has a market capitalization of $4.34 billion, a P/E ratio of 24.16 and a beta of 0.67. WGL Holdings Inc has a 52 week low of $58.66 and a 52 week high of $86.89. The company’s 50-day moving average price is $84.54 and its 200-day moving average price is $83.24.
WGL Holdings (NYSE:WGL) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share (EPS) 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 company had revenue of $474.36 million during the quarter, compared to analyst estimates of $477.01 million. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts forecast that WGL Holdings Inc will post $3.18 EPS for the current fiscal year.
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WGL has been the subject of a number of recent research reports. BidaskClub upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $76.75.
In other news, Director Debra L. Lee sold 2,800 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $82.94, for a total value of $232,232.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.99% 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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