WGL Holdings Inc (WGL) Position Maintained by Connable Office Inc.
Connable Office Inc. held its stake in shares of WGL Holdings Inc (NYSE:WGL) during the second quarter, Holdings Channel reports. The firm owned 4,944 shares of the utilities provider’s stock at the end of the second quarter. Connable Office Inc.’s holdings in WGL Holdings were worth $412,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in WGL. Janney Montgomery Scott LLC boosted its position in WGL Holdings by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 29,174 shares of the utilities provider’s stock valued at $2,408,000 after buying an additional 124 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in WGL Holdings during the first quarter valued at about $3,514,000. Americafirst Capital Management LLC purchased a new position in WGL Holdings during the first quarter valued at about $691,000. Bank of America Corp DE boosted its position in WGL Holdings by 3.5% in the first quarter. Bank of America Corp DE now owns 218,575 shares of the utilities provider’s stock valued at $18,039,000 after buying an additional 7,426 shares in the last quarter. Finally, Capital Fund Management S.A. purchased a new position in WGL Holdings during the first quarter valued at about $5,020,000. Institutional investors and hedge funds own 68.01% of the company’s stock.
WGL Holdings Inc (NYSE:WGL) opened at 85.75 on Friday. The stock has a market capitalization of $4.39 billion, a PE ratio of 24.42 and a beta of 0.67. The company’s 50-day moving average is $84.47 and its 200 day moving average is $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 released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. WGL Holdings had a return on equity of 11.76% and a net margin of 7.60%. The business had revenue of $474.36 million during the quarter, compared to the consensus estimate of $477.01 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts predict that WGL Holdings Inc will post $3.18 EPS for the current year.
Several research firms recently issued reports on WGL. BidaskClub cut shares of WGL Holdings from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday. Two investment 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 WGL Holdings news, Director Debra L. Lee sold 3,615 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $83.66, for a total value of $302,430.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.09% of the stock is owned by insiders.
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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