Davidson & Garrard Inc. maintained its position in WGL Holdings Inc (NYSE:WGL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,873 shares of the utilities provider’s stock at the end of the first quarter. Davidson & Garrard Inc.’s holdings in WGL Holdings were worth $320,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Asset Management Inc. acquired a new position in WGL Holdings during the first quarter valued at approximately $204,000. Raymond James Trust N.A. acquired a new position in WGL Holdings during the first quarter valued at approximately $210,000. Elkfork Partners LLC acquired a new position in WGL Holdings during the fourth quarter valued at approximately $211,000. Gideon Capital Advisors Inc. acquired a new position in WGL Holdings during the fourth quarter valued at approximately $240,000. Finally, Private Advisor Group LLC acquired a new position in WGL Holdings during the fourth quarter valued at approximately $241,000. Hedge funds and other institutional investors own 66.60% of the company’s stock.
WGL Holdings Inc (NYSE:WGL) traded down 0.18% during mid-day trading on Friday, hitting $82.41. 184,233 shares of the stock were exchanged. The company has a 50 day moving average price of $82.53 and a 200 day moving average price of $78.39. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 24.27 and a beta of 0.60. WGL Holdings Inc has a 52 week low of $58.66 and a 52 week high of $84.08.
WGL Holdings (NYSE:WGL) last announced its earnings results on Tuesday, May 2nd. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by $0.10. The company had revenue of $841.80 million for the quarter, compared to the consensus estimate of $899.14 million. WGL Holdings had a return on equity of 12.10% and a net margin of 6.77%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 EPS. Analysts expect that WGL Holdings Inc will post $3.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $2.04 dividend on an annualized basis and a yield of 2.48%. WGL Holdings’s payout ratio is currently 62.70%.
A number of analysts have recently issued reports on WGL shares. Zacks Investment Research lowered shares of WGL Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Hilliard Lyons lowered shares of WGL Holdings from a “neutral” rating to an “underperform” rating in a research note on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $75.00.
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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