WGL (WGL) Earning Somewhat Favorable Media Coverage, Study Shows
Media stories about WGL (NYSE:WGL) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. WGL earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 46.4671242137764 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- ETFs with exposure to WGL Holdings, Inc. : November 27, 2017 (finance.yahoo.com)
- WGL Honored by Women’s Forum of New York for Accelerating Gender Parity in the Boardroom (finance.yahoo.com)
- Washington Gas heads toward $6.4B AltaGas merger more profitable than ever (bizjournals.com)
- WGL Holdings, Inc. :WGL-US: Earnings Analysis: 2017 By the Numbers : November 23, 2017 (finance.yahoo.com)
- WGL Holdings Inc (WGL) Files 10-K for the Fiscal Year Ended on September 30, 2017 (finance.yahoo.com)
WGL has been the subject of several analyst reports. BidaskClub raised shares of WGL from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research cut shares of WGL from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, Hilliard Lyons raised shares of WGL from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $76.50.
WGL (NYSE:WGL) traded up $0.53 during trading on Tuesday, hitting $84.93. 359,127 shares of the stock traded hands, compared to its average volume of 316,863. WGL has a twelve month low of $68.67 and a twelve month high of $86.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a market cap of $4,325.42, a PE ratio of 26.32, a price-to-earnings-growth ratio of 3.78 and a beta of 0.68.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $2.04 annualized dividend and a dividend yield of 2.40%. WGL’s dividend payout ratio (DPR) is 54.55%.
In other news, Director Debra L. Lee sold 2,122 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $84.00, for a total value of $178,248.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.99% of the company’s stock.
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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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