Q2 2018 EPS Estimates for WGL Holdings Inc Decreased by Seaport Global Securities (WGL)

WGL Holdings Inc (NYSE:WGL) – Analysts at Seaport Global Securities lowered their Q2 2018 earnings per share estimates for WGL in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Levin now expects that the utilities provider will post earnings per share of $2.00 for the quarter, down from their previous estimate of $2.02. Seaport Global Securities also issued estimates for WGL’s FY2018 earnings at $3.90 EPS and FY2019 earnings at $4.00 EPS.

WGL (NYSE:WGL) last posted its quarterly earnings results on Friday, November 17th. The utilities provider reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.02. The business had revenue of $429.12 million for the quarter, compared to the consensus estimate of $479.60 million. WGL had a return on equity of 12.85% and a net margin of 11.40%.

Separately, Zacks Investment Research raised WGL from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Thursday, January 25th.

WGL (NYSE WGL) opened at $84.80 on Monday. The stock has a market capitalization of $4,355.24, a PE ratio of 16.03, a PEG ratio of 3.92 and a beta of 0.56. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.95. WGL has a fifty-two week low of $81.59 and a fifty-two week high of $86.89.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a $0.51 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $2.04 annualized dividend and a dividend yield of 2.41%. WGL’s dividend payout ratio (DPR) is presently 38.56%.

Several hedge funds have recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of WGL by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 5,598 shares of the utilities provider’s stock valued at $468,000 after buying an additional 17 shares during the period. Financial Engines Advisors L.L.C. lifted its holdings in shares of WGL by 2.8% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 23,644 shares of the utilities provider’s stock valued at $2,030,000 after buying an additional 637 shares during the period. Chicago Equity Partners LLC lifted its holdings in shares of WGL by 2.3% in the 3rd quarter. Chicago Equity Partners LLC now owns 28,971 shares of the utilities provider’s stock valued at $2,439,000 after buying an additional 660 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of WGL by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 216,516 shares of the utilities provider’s stock valued at $18,231,000 after buying an additional 794 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of WGL by 11.7% in the 3rd quarter. Pacer Advisors Inc. now owns 7,617 shares of the utilities provider’s stock valued at $641,000 after buying an additional 797 shares during the period. 69.48% of the stock is owned by institutional investors and hedge funds.

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About WGL

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.

Earnings History and Estimates for WGL (NYSE:WGL)

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