Advisors Asset Management Inc. lowered its position in WGL Holdings Inc. (NYSE:WGL) by 14.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,701 shares of the company’s stock after selling 2,095 shares during the period. Advisors Asset Management Inc.’s holdings in WGL Holdings were worth $899,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in WGL Holdings during the fourth quarter worth approximately $33,327,000. Commonwealth Equity Services Inc raised its position in WGL Holdings by 0.5% in the first quarter. Commonwealth Equity Services Inc now owns 30,734 shares of the company’s stock worth $2,224,000 after buying an additional 152 shares during the period. Aperio Group LLC raised its position in WGL Holdings by 21.2% in the first quarter. Aperio Group LLC now owns 18,045 shares of the company’s stock worth $1,306,000 after buying an additional 3,151 shares during the period. Virginia Retirement System purchased a new position in WGL Holdings during the first quarter worth approximately $680,000. Finally, IFP Advisors Inc raised its position in WGL Holdings by 28.6% in the first quarter. IFP Advisors Inc now owns 4,491 shares of the company’s stock worth $325,000 after buying an additional 1,000 shares during the period. Institutional investors own 68.41% of the company’s stock.
Shares of WGL Holdings Inc. (NYSE:WGL) traded up 1.74% on Thursday, hitting $65.64. The company had a trading volume of 98,235 shares. WGL Holdings Inc. has a 52 week low of $54.23 and a 52 week high of $74.10. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 18.56 and a beta of 0.59. The stock’s 50-day moving average is $64.22 and its 200 day moving average is $67.71.
WGL Holdings (NYSE:WGL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.19. WGL Holdings had a return on equity of 11.60% and a net margin of 7.61%. The company had revenue of $440.60 million for the quarter, compared to the consensus estimate of $482.57 million. During the same quarter in the prior year, the business earned $0.22 EPS. WGL Holdings’s revenue was down .1% on a year-over-year basis. Equities analysts expect that WGL Holdings Inc. will post $3.15 EPS for the current year.
WGL has been the topic of a number of recent analyst reports. Wells Fargo & Co. initiated coverage on shares of WGL Holdings in a report on Wednesday, June 1st. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded shares of WGL Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $78.00.
WGL Holdings Company Profile
WGL Holdings, Inc (WGL Holdings), is a United States of America-based public utility holding. Through its wholly owned subsidiaries, it sells and delivers natural gas and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia.
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