WGL Holdings Inc. Declares Quarterly Dividend of $0.42 (WGL)
WGL Holdings (NYSE:WGL) announced a quarterly dividend on Thursday, September 26th, StockRatingsNetwork.com reports. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.42 per share on Friday, November 1st. This represents a $1.68 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Tuesday, October 8th.
A number of analysts have recently weighed in on WGL shares. Analysts at Brean Capital upgraded shares of WGL Holdings (NYSE:WGL) from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 13th. They now have a $46.00 price target on the stock. On a related note, analysts at Barclays Capital raised their price target on shares of WGL Holdings (NYSE:WGL) from $41.00 to $44.00 in a research note to investors on Thursday, August 22nd. They now have an “underweight” rating on the stock. Finally, analysts at Zacks upgraded shares of WGL Holdings (NYSE:WGL) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $49.60 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. WGL Holdings presently has an average rating of “Hold” and an average target price of $45.65.
WGL Holdings (NYSE:WGL) traded up 0.02% during mid-day trading on Thursday, hitting $42.91. 168,825 shares of the company’s stock traded hands. WGL Holdings has a 1-year low of $35.96 and a 1-year high of $46.96. The stock’s 50-day moving average is $42.66 and its 200-day moving average is $43.78. The company has a market cap of $2.220 billion and a P/E ratio of 15.88.
WGL Holdings (NYSE:WGL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.06. The company had revenue of $478.12 million for the quarter, compared to the consensus estimate of $451.44 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis.
WGL Holdings, Inc (NYSE:WGL) is a holding company.
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