WGL Holdings Inc (NYSE:WGL) was upgraded by analysts at Hilliard Lyons from an “underperform” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.

Several other research analysts have also issued reports on the stock. BidaskClub upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research lowered shares of WGL Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. WGL Holdings currently has an average rating of “Hold” and an average price target of $76.75.

Shares of WGL Holdings (NYSE WGL) traded up 0.45% during trading on Tuesday, hitting $84.32. 68,107 shares of the stock traded hands. The company has a market cap of $4.32 billion, a PE ratio of 24.02 and a beta of 0.67. WGL Holdings has a one year low of $58.66 and a one year high of $86.89. The firm has a 50 day moving average price of $84.59 and a 200-day moving average price of $83.34.

WGL Holdings (NYSE:WGL) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $474.36 million during the quarter, compared to the consensus estimate of $477.01 million. WGL Holdings had a net margin of 0.85% and a return on equity of 2.17%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. Analysts anticipate that WGL Holdings will post $3.18 earnings per share for the current fiscal year.

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In other news, Director Debra L. Lee sold 3,615 shares of WGL Holdings stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $83.66, for a total value of $302,430.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.99% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in WGL Holdings by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 1,108,788 shares of the utilities provider’s stock valued at $91,509,000 after buying an additional 50,835 shares during the last quarter. US Bancorp DE increased its stake in WGL Holdings by 7.5% in the first quarter. US Bancorp DE now owns 9,460 shares of the utilities provider’s stock valued at $781,000 after buying an additional 659 shares during the last quarter. Nuance Investments LLC acquired a new stake in WGL Holdings during the first quarter valued at about $13,694,000. Capital Fund Management S.A. acquired a new stake in WGL Holdings during the first quarter valued at about $5,020,000. Finally, First Trust Advisors LP increased its stake in WGL Holdings by 27.8% in the first quarter. First Trust Advisors LP now owns 244,522 shares of the utilities provider’s stock valued at $20,180,000 after buying an additional 53,251 shares during the last quarter. 69.05% of the stock is owned by institutional investors and hedge funds.

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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