US Capital Advisors Weighs in on WGL Holdings Inc’s FY2017 Earnings (WGL)

WGL Holdings Inc (NYSE:WGL) – Research analysts at US Capital Advisors increased their FY2017 earnings estimates for shares of WGL Holdings in a report released on Wednesday, Zacks Investment Research reports. US Capital Advisors analyst D. Fidell now forecasts that the utilities provider will post earnings per share of $3.50 for the year, up from their prior estimate of $3.35.

Other equities research analysts have also issued research reports about the stock. Hilliard Lyons lowered shares of WGL Holdings from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 15th. Zacks Investment Research raised shares of WGL Holdings from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Saturday, December 31st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. WGL Holdings has an average rating of “Hold” and a consensus price target of $75.00.

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WGL Holdings (NYSE:WGL) traded down 0.18% during midday trading on Thursday, reaching $82.14. 189,309 shares of the company were exchanged. The firm has a market cap of $4.21 billion, a P/E ratio of 26.57 and a beta of 0.60. The firm’s 50-day moving average is $82.67 and its 200-day moving average is $75.05. WGL Holdings has a one year low of $58.66 and a one year high of $84.08.

WGL Holdings (NYSE:WGL) last released its quarterly earnings results on Wednesday, February 8th. The utilities provider reported $1.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.28 by $0.04. The firm had revenue of $609.49 million for the quarter, compared to analyst estimates of $646.40 million. WGL Holdings had a net margin of 6.77% and a return on equity of 12.10%. During the same period in the previous year, the business posted $1.18 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 10th will be issued a dividend of $0.51 per share. The ex-dividend date is Thursday, April 6th. This represents a $2.04 dividend on an annualized basis and a yield of 2.48%. This is a positive change from WGL Holdings’s previous quarterly dividend of $0.49. WGL Holdings’s dividend payout ratio is currently 62.70%.

A number of large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of WGL Holdings during the fourth quarter worth approximately $18,680,000. BlackRock Fund Advisors raised its stake in shares of WGL Holdings by 6.6% in the third quarter. BlackRock Fund Advisors now owns 2,782,064 shares of the utilities provider’s stock worth $174,435,000 after buying an additional 171,574 shares in the last quarter. Luminus Management LLC bought a new stake in shares of WGL Holdings during the fourth quarter worth approximately $12,205,000. White Square Capital LLP bought a new stake in shares of WGL Holdings during the fourth quarter worth approximately $11,442,000. Finally, Robecosam AG raised its stake in shares of WGL Holdings by 192.4% in the third quarter. Robecosam AG now owns 119,000 shares of the utilities provider’s stock worth $7,468,000 after buying an additional 78,300 shares in the last quarter. 66.60% of the stock is currently owned by hedge funds and other 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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