Janney Montgomery Scott LLC decreased its stake in shares of WGL Holdings Inc (NYSE:WGL) by 31.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,859 shares of the utilities provider’s stock after selling 9,315 shares during the period. Janney Montgomery Scott LLC’s holdings in WGL Holdings were worth $1,657,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Paragon Capital Management LLC increased its position in WGL Holdings by 0.6% in the first quarter. Paragon Capital Management LLC now owns 3,602 shares of the utilities provider’s stock worth $297,000 after buying an additional 22 shares in the last quarter. World Asset Management Inc increased its position in WGL Holdings by 1.8% in the first quarter. World Asset Management Inc now owns 3,162 shares of the utilities provider’s stock worth $261,000 after buying an additional 56 shares in the last quarter. Capstone Asset Management Co. increased its position in WGL Holdings by 1.6% in the second quarter. Capstone Asset Management Co. now owns 3,916 shares of the utilities provider’s stock worth $327,000 after buying an additional 60 shares in the last quarter. IFP Advisors Inc raised its stake in WGL Holdings by 3.2% in the first quarter. IFP Advisors Inc now owns 4,451 shares of the utilities provider’s stock valued at $367,000 after buying an additional 140 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in WGL Holdings by 3.1% in the first quarter. Advantus Capital Management Inc now owns 6,558 shares of the utilities provider’s stock valued at $541,000 after buying an additional 197 shares during the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.
WGL Holdings Inc (NYSE WGL) traded down 0.16% on Friday, hitting $83.57. 256,073 shares of the stock were exchanged. The company’s 50 day moving average is $84.56 and its 200 day moving average is $83.28. WGL Holdings Inc has a 1-year low of $58.66 and a 1-year high of $86.89. The stock has a market cap of $4.28 billion, a PE ratio of 23.80 and a beta of 0.67.
WGL Holdings (NYSE:WGL) last released its quarterly earnings data 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 firm had revenue of $474.36 million for the quarter, compared to the consensus estimate of $477.01 million. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, equities research analysts expect that WGL Holdings Inc will post $3.18 earnings per share for the current year.
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Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price 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 stock was sold at an average price of $83.66, for a total transaction of $302,430.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.
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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