Shares of WGL Holdings Inc (NYSE:WGL) have received an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $71.00.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded WGL Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Hilliard Lyons upgraded WGL Holdings from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. Finally, BidaskClub cut WGL Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 19th.

In related news, Director Debra L. Lee sold 2,122 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $84.00, for a total transaction of $178,248.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.99% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its stake in shares of WGL Holdings by 0.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,274 shares of the utilities provider’s stock valued at $357,000 after buying an additional 12 shares during the period. HighTower Advisors LLC boosted its stake in shares of WGL Holdings 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. Capstone Asset Management Co. boosted its stake in shares of WGL Holdings by 1.6% in the 2nd quarter. Capstone Asset Management Co. now owns 3,916 shares of the utilities provider’s stock valued at $327,000 after buying an additional 60 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of WGL Holdings by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,091 shares of the utilities provider’s stock valued at $341,000 after buying an additional 67 shares during the period. Finally, World Asset Management Inc boosted its stake 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 during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

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Shares of WGL Holdings (NYSE WGL) traded up $0.07 during trading on Friday, reaching $85.09. The company had a trading volume of 289,900 shares, compared to its average volume of 314,919. WGL Holdings has a 12 month low of $63.09 and a 12 month high of $86.89. The stock has a market cap of $4,354.64, a PE ratio of 25.30, a price-to-earnings-growth ratio of 3.82 and a beta of 0.68. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 0.81.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Friday, October 6th. WGL Holdings’s dividend payout ratio (DPR) is 58.12%.

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.

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