WGL Holdings Inc. (WGL) Updates FY17 Earnings Guidance
WGL Holdings Inc. (NYSE:WGL) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.25.
Separately, Zacks Investment Research raised shares of WGL Holdings from a sell rating to a hold rating in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of Hold and a consensus price target of $78.00.
WGL Holdings Inc. (NYSE:WGL) traded up 0.06% during trading on Wednesday, hitting $64.17. 214,676 shares of the stock traded hands. WGL Holdings Inc. has a 12 month low of $57.60 and a 12 month high of $74.10. The firm’s 50-day moving average is $61.23 and its 200-day moving average is $65.50. The stock has a market cap of $3.28 billion, a P/E ratio of 18.15 and a beta of 0.48.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were issued a $0.4875 dividend. The ex-dividend date was Wednesday, October 5th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.04%. WGL Holdings’s dividend payout ratio (DPR) is 55.08%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advantus Capital Management Inc raised its stake in shares of WGL Holdings by 1.9% in the third quarter. Advantus Capital Management Inc now owns 6,214 shares of the company’s stock valued at $390,000 after buying an additional 118 shares during the period. Raymond James & Associates raised its stake in shares of WGL Holdings by 9.1% in the second quarter. Raymond James & Associates now owns 3,139 shares of the company’s stock valued at $222,000 after buying an additional 261 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of WGL Holdings by 9.5% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,969 shares of the company’s stock valued at $423,000 after buying an additional 516 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of WGL Holdings by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 11,894 shares of the company’s stock valued at $842,000 after buying an additional 581 shares during the period. Finally, American International Group Inc. raised its stake in shares of WGL Holdings by 0.5% in the second quarter. American International Group Inc. now owns 124,915 shares of the company’s stock valued at $8,843,000 after buying an additional 599 shares during the period. Institutional investors own 68.58% 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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