Capital Fund Management S.A. grew its holdings in WGL Holdings Inc (NYSE:WGL) by 14.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,562 shares of the utilities provider’s stock after purchasing an additional 8,731 shares during the quarter. Capital Fund Management S.A. owned about 0.14% of WGL Holdings worth $5,804,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WGL. BlackRock Inc. lifted its stake in WGL Holdings by 3,986.0% in the 1st quarter. BlackRock Inc. now owns 5,449,997 shares of the utilities provider’s stock worth $449,789,000 after purchasing an additional 5,316,615 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in WGL Holdings by 340.7% in the 1st quarter. JPMorgan Chase & Co. now owns 722,496 shares of the utilities provider’s stock worth $59,628,000 after purchasing an additional 558,565 shares in the last quarter. State Street Corp lifted its stake in WGL Holdings by 4.6% in the 1st quarter. State Street Corp now owns 4,025,759 shares of the utilities provider’s stock worth $332,254,000 after purchasing an additional 177,248 shares in the last quarter. Sentry Investments Corp. purchased a new position in WGL Holdings in the 2nd quarter worth approximately $14,534,000. Finally, Weiss Multi Strategy Advisers LLC purchased a new position in WGL Holdings in the 1st quarter worth approximately $11,149,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.
WGL has been the topic of a number of research reports. BidaskClub raised shares of WGL Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered shares of WGL Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Hilliard Lyons raised shares of WGL Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $76.75.
WGL Holdings Inc (NYSE WGL) traded up 0.50% during mid-day trading on Monday, hitting $84.80. 1,970 shares of the stock traded hands. The stock’s 50 day moving average is $84.74 and its 200-day moving average is $83.43. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 24.15 and a beta of 0.69. WGL Holdings Inc has a 12 month low of $58.66 and a 12 month high of $86.89.
WGL Holdings (NYSE:WGL) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. WGL Holdings had a return on equity of 11.76% and a net margin of 7.60%. The firm had revenue of $474.36 million for the quarter, compared to analyst estimates of $477.01 million. During the same quarter last year, the business posted $0.33 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that WGL Holdings Inc will post $3.18 EPS for the current year.
In related news, Director Debra L. Lee sold 3,615 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $83.66, for a total transaction of $302,430.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.99% of the stock is currently owned by company insiders.
WGL Holdings 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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