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

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

Shares of WGL Holdings (WGL) traded down 0.16% during mid-day trading on Friday, hitting $83.57. The stock had a trading volume of 256,073 shares. The stock has a market cap of $4.28 billion, a P/E ratio of 23.80 and a beta of 0.67. The company’s 50 day moving average is $84.56 and its 200-day moving average is $83.28. WGL Holdings has a 52-week low of $58.66 and a 52-week high of $86.89.

WGL Holdings (NYSE:WGL) last announced its earnings results 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. The firm had revenue of $474.36 million during the quarter, compared to analyst estimates of $477.01 million. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. WGL Holdings’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. On average, equities research analysts anticipate that WGL Holdings will post $3.18 earnings per share for the current fiscal year.

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In other WGL Holdings news, Director Debra L. Lee sold 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $82.94, for a total value of $232,232.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in WGL. Hennessy Advisors Inc. increased its stake in WGL Holdings by 13.1% in the third quarter. Hennessy Advisors Inc. now owns 354,092 shares of the utilities provider’s stock valued at $22,202,000 after buying an additional 41,000 shares during the last quarter. Northern Trust Corp increased its stake in WGL Holdings by 0.7% in the third quarter. Northern Trust Corp now owns 1,385,917 shares of the utilities provider’s stock valued at $86,897,000 after buying an additional 9,887 shares during the last quarter. BlackRock Inc. increased its stake in WGL Holdings by 7.3% in the third quarter. BlackRock Inc. now owns 135,796 shares of the utilities provider’s stock valued at $8,515,000 after buying an additional 9,280 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in WGL Holdings by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 29,174 shares of the utilities provider’s stock valued at $2,408,000 after buying an additional 124 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in WGL Holdings during the fourth quarter valued at approximately $5,610,000. Institutional investors own 67.89% 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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