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WGL Holdings (NYSE:WGL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has a $39.30 price objective on the stock. Zacks‘ target price points to a potential upside of 2.45% from the company’s current price.

Shares of WGL Holdings (NYSE:WGL) traded down 0.57% on Monday, hitting $38.36. The stock had a trading volume of 1,010,662 shares. WGL Holdings has a 1-year low of $37.96 and a 1-year high of $46.96. The stock has a 50-day moving average of $39.07 and a 200-day moving average of $42.23. The company has a market cap of $1.987 billion and a price-to-earnings ratio of 24.89.

WGL Holdings (NYSE:WGL) last announced its earnings results on Wednesday, November 13th. The company reported ($0.55) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.34) by $0.21. Analysts expect that WGL Holdings will post $2.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Saturday, February 1st. Shareholders of record on Friday, January 10th will be given a dividend of 0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, January 8th.

Separately, analysts at Brean Capital downgraded shares of WGL Holdings from a “buy” rating to a “hold” rating in a research note to investors on Thursday, November 14th. They now have a $46.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $43.08.

WGL Holdings, Inc (NYSE:WGL) is a holding company.

To view Zacks’ full report, visit www.zacks.com

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