WGL Holdings Inc (WGL) Receives Consensus Rating of “Hold” from Analysts
Shares of WGL Holdings Inc (NYSE:WGL) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $71.00.
Several brokerages have recently issued reports on WGL. BidaskClub raised shares of WGL Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of WGL Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Hilliard Lyons raised shares of WGL Holdings from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 29th.
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Shares of WGL Holdings (NYSE:WGL) opened at 85.51 on Wednesday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 24.35 and a beta of 0.68. The company’s 50-day moving average is $84.60 and its 200-day moving average is $83.76. WGL Holdings has a one year low of $59.07 and a one year high of $86.89.
WGL Holdings (NYSE:WGL) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, missing the Zacks’ 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 company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. On average, equities analysts predict that WGL Holdings will post $3.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.04 annualized dividend and a dividend yield of 2.39%. WGL Holdings’s dividend payout ratio is presently 58.12%.
In other news, 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 transaction of $178,248.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.99% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in WGL Holdings by 7.9% in the second 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 in the last quarter. Greenwood Capital Associates LLC acquired a new stake in WGL Holdings in the second quarter valued at approximately $203,000. FNY Partners Fund LP acquired a new stake in WGL Holdings in the first quarter valued at approximately $247,000. World Asset Management Inc raised its holdings in WGL Holdings by 2.4% in the second quarter. World Asset Management Inc now owns 3,239 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 77 shares in the last quarter. Finally, Shelton Capital Management acquired a new stake in WGL Holdings in the second quarter valued at approximately $322,000. 69.05% of the stock is currently owned by hedge funds and other institutional investors.
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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