Capstone Asset Management Co. increased its position in shares of WGL Holdings Inc (NYSE:WGL) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,916 shares of the utilities provider’s stock after buying an additional 60 shares during the period. Capstone Asset Management Co.’s holdings in WGL Holdings were worth $327,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Madden Advisory Services Inc. bought a new position in shares of WGL Holdings during the first quarter worth $191,000. TD Asset Management Inc. bought a new position in shares of WGL Holdings during the first quarter worth $204,000. Dynamic Technology Lab Private Ltd bought a new position in shares of WGL Holdings during the first quarter worth $206,000. Raymond James Trust N.A. bought a new position in shares of WGL Holdings during the first quarter worth $210,000. Finally, Cornerstone Wealth Management LLC bought a new position in shares of WGL Holdings during the first quarter worth $228,000. Institutional investors own 68.01% of the company’s stock.

Shares of WGL Holdings Inc (WGL) traded down 1.08% during trading on Friday, hitting $84.82. 354,044 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $84.51 and its 200 day moving average is $83.15. The firm has a market capitalization of $4.34 billion, a PE ratio of 24.16 and a beta of 0.67. WGL Holdings Inc has a 1-year low of $58.66 and a 1-year high of $86.89.

WGL Holdings (NYSE:WGL) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 return on equity of 11.76% and a net margin of 7.60%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, equities research analysts forecast that WGL Holdings Inc will post $3.18 earnings per share for the current year.

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WGL has been the topic of a number of research analyst reports. BidaskClub upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $76.75.

In related news, Director Debra L. Lee sold 3,615 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $83.66, for a total transaction of $302,430.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.09% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for WGL Holdings (NYSE:WGL)

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