WGL Holdings Inc (NYSE:WGL) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Sunday.

Separately, Zacks Investment Research cut shares of WGL Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $76.75.

Shares of WGL Holdings (NYSE WGL) traded up 0.29% during midday trading on Friday, reaching $83.80. 219,383 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $83.17 and a 200 day moving average price of $81.69. WGL Holdings has a 12 month low of $58.66 and a 12 month high of $84.54. The firm has a market cap of $4.29 billion, a PE ratio of 24.68 and a beta of 0.66.

WGL Holdings (NYSE:WGL) last released its earnings results on Tuesday, May 2nd. The utilities provider reported $1.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.97 by $0.10. The company had revenue of $841.80 million during the quarter, compared to analysts’ expectations of $899.14 million. WGL Holdings had a net margin of 7.46% and a return on equity of 12.25%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. Equities research analysts predict that WGL Holdings will post $3.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, July 6th. WGL Holdings’s dividend payout ratio (DPR) is presently 60.18%.

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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 shares were sold at an average price of $83.66, for a total transaction of $302,430.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Burt Wealth Advisors raised its position in WGL Holdings by 0.3% in the third quarter. Burt Wealth Advisors now owns 6,890 shares of the utilities provider’s stock valued at $432,000 after buying an additional 18 shares in the last quarter. Paragon Capital Management LLC raised its position in WGL Holdings by 0.6% in the first quarter. Paragon Capital Management LLC now owns 3,602 shares of the utilities provider’s stock valued at $297,000 after buying an additional 22 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in WGL Holdings by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,578 shares of the utilities provider’s stock valued at $578,000 after buying an additional 26 shares in the last quarter. US Bancorp DE raised its position in WGL Holdings by 0.3% in the third quarter. US Bancorp DE now owns 8,536 shares of the utilities provider’s stock valued at $536,000 after buying an additional 27 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in WGL Holdings by 0.6% in the fourth quarter. Baird Financial Group Inc. now owns 8,743 shares of the utilities provider’s stock valued at $667,000 after buying an additional 54 shares in the last quarter. 68.04% 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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