WGL Holdings Inc (NYSE:WGL) – Investment analysts at US Capital Advisors raised their FY2017 earnings per share (EPS) estimates for shares of WGL Holdings in a research note issued to investors on Wednesday. US Capital Advisors analyst D. Fidell now expects that the firm will post earnings per share of $3.50 for the year, up from their prior estimate of $3.35.
WGL Holdings (NYSE:WGL) last posted its quarterly earnings data on Wednesday, February 8th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.04. WGL Holdings had a return on equity of 12.10% and a net margin of 6.77%. During the same period last year, the company posted $1.18 EPS.
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Several other research analysts have also recently commented on WGL. Hilliard Lyons cut shares of WGL Holdings from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 15th. Wells Fargo & Co reaffirmed a “hold” rating on shares of WGL Holdings in a report on Thursday, December 1st. Zacks Investment Research cut shares of WGL Holdings from a “buy” rating to a “hold” rating in a report on Friday, January 13th. Seaport Global Securities began coverage on shares of WGL Holdings in a report on Friday, December 2nd. They set a “neutral” rating and a $71.00 target price on the stock. Finally, Janney Montgomery Scott cut shares of WGL Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, November 29th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $75.00.
WGL Holdings (NYSE:WGL) opened at 82.89 on Thursday. WGL Holdings has a 12-month low of $58.66 and a 12-month high of $84.08. The firm has a market cap of $4.25 billion, a P/E ratio of 26.81 and a beta of 0.60. The firm’s 50-day moving average price is $82.92 and its 200 day moving average price is $72.46.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Monday, April 10th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, April 6th. This is a boost from WGL Holdings’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.46%. WGL Holdings’s dividend payout ratio (DPR) is currently 62.70%.
Several hedge funds and other institutional investors have recently made changes to their positions in WGL. State of Alaska Department of Revenue acquired a new position in shares of WGL Holdings during the third quarter valued at approximately $123,000. Elkfork Partners LLC purchased a new position in shares of WGL Holdings during the fourth quarter worth about $211,000. Gideon Capital Advisors Inc. purchased a new position in shares of WGL Holdings during the fourth quarter worth about $240,000. Private Advisor Group LLC purchased a new position in shares of WGL Holdings during the fourth quarter worth about $241,000. Finally, LS Investment Advisors LLC boosted its position in shares of WGL Holdings by 8.7% in the third quarter. LS Investment Advisors LLC now owns 3,281 shares of the company’s stock worth $206,000 after buying an additional 263 shares during the period. 66.60% of the stock is currently owned by institutional investors.
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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