Hilliard Lyons upgraded shares of WGL Holdings Inc (NYSE:WGL) from an underperform rating to a neutral rating in a research report sent to investors on Tuesday morning.

Several other analysts also recently weighed in on WGL. Zacks Investment Research downgraded WGL Holdings from a buy rating to a hold rating in a research report on Tuesday, May 9th. BidaskClub upgraded WGL Holdings from a strong sell rating to a sell rating in a research report on Saturday, June 17th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $76.75.

Shares of WGL Holdings (NYSE WGL) opened at 84.50 on Tuesday. The firm has a market cap of $4.33 billion, a P/E ratio of 24.07 and a beta of 0.69. WGL Holdings has a 52-week low of $58.66 and a 52-week high of $86.89. The firm’s 50-day moving average is $84.68 and its 200-day moving average is $83.38.

WGL Holdings (NYSE:WGL) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. The company 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 posted $0.33 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts anticipate that WGL Holdings will post $3.18 earnings per share for the current year.

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In related news, Director Debra L. Lee sold 3,615 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $83.66, for a total transaction of $302,430.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.09% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of WGL Holdings by 3,986.0% in the first quarter. BlackRock Inc. now owns 5,449,997 shares of the utilities provider’s stock worth $449,789,000 after buying an additional 5,316,615 shares in the last quarter. Vanguard Group Inc. increased its position in shares of WGL Holdings by 1.4% in the second quarter. Vanguard Group Inc. now owns 4,560,383 shares of the utilities provider’s stock worth $380,473,000 after buying an additional 64,602 shares in the last quarter. State Street Corp increased its position in shares of WGL Holdings by 4.6% in the first quarter. State Street Corp now owns 4,025,759 shares of the utilities provider’s stock worth $332,254,000 after buying an additional 177,248 shares in the last quarter. Northern Trust Corp increased its position in shares of WGL Holdings by 1.3% in the second quarter. Northern Trust Corp now owns 1,372,474 shares of the utilities provider’s stock worth $114,507,000 after buying an additional 17,818 shares in the last quarter. Finally, Earnest Partners LLC increased its position in shares of WGL Holdings by 1.1% in the second quarter. Earnest Partners LLC now owns 1,250,012 shares of the utilities provider’s stock worth $104,289,000 after buying an additional 13,567 shares in the last quarter. Institutional investors own 69.05% 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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