WGL Holdings Inc (WGL) Forecasted to Earn Q4 2017 Earnings of ($0.17) Per Share
WGL Holdings Inc (NYSE:WGL) – Stock analysts at US Capital Advisors issued their Q4 2017 earnings estimates for shares of WGL Holdings in a research note issued on Wednesday. US Capital Advisors analyst D. Fidell anticipates that the utilities provider will earn ($0.17) per share for the quarter.
Several other research analysts have also recently commented on WGL. BidaskClub cut shares of WGL Holdings from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research cut shares of WGL Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Hilliard Lyons upgraded shares of WGL Holdings from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $74.67.
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WGL Holdings (WGL) opened at 85.97 on Monday. WGL Holdings has a 1-year low of $59.07 and a 1-year high of $86.89. The stock’s 50 day moving average is $84.99 and its 200-day moving average is $83.98. The company has a market capitalization of $4.40 billion, a P/E ratio of 24.49 and a beta of 0.68.
WGL Holdings (NYSE:WGL) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The company had revenue of $474.36 million during the quarter, compared to the consensus estimate of $477.01 million. WGL Holdings had a return on equity of 11.76% and a net margin of 7.60%. WGL Holdings’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of WGL Holdings by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock valued at $147,000 after buying an additional 128 shares in the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of WGL Holdings in the 2nd quarter valued at $203,000. World Asset Management Inc boosted its holdings in shares of WGL Holdings by 2.4% in the 2nd quarter. World Asset Management Inc now owns 3,239 shares of the utilities provider’s stock valued at $270,000 after buying an additional 77 shares in the last quarter. Heritage Investors Management Corp boosted its holdings in shares of WGL Holdings by 41.4% in the 3rd quarter. Heritage Investors Management Corp now owns 3,799 shares of the utilities provider’s stock valued at $320,000 after buying an additional 1,112 shares in the last quarter. Finally, Shelton Capital Management acquired a new position in shares of WGL Holdings in the 2nd quarter valued at $322,000. Institutional investors and hedge funds own 68.62% of the company’s stock.
In other WGL Holdings news, Director Debra L. Lee sold 2,122 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $84.00, for a total transaction of $178,248.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.99% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, October 6th. WGL Holdings’s dividend payout ratio (DPR) is presently 58.12%.
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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