December 1, 2016 - By Marguerite Chambers · 0 Comments
WGL Holdings Inc (NYSE:WGL) institutional sentiment increased to 1.18 in Q2 2016. Its up 0.09, from 1.09 in 2016Q1. The ratio is more positive, as 108 institutional investors increased or opened new holdings, while 99 reduced and sold equity positions in WGL Holdings Inc. The institutional investors in our partner’s database now hold: 34.12 million shares, up from 33.66 million shares in 2016Q1. Also, the number of institutional investors holding WGL Holdings Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 20 Reduced: 79 Increased: 83 New Position: 25.
WGL Holdings, Inc. is a holding company. The company has a market cap of $4.05 billion. The Firm operates through four divisions. It has a 21.71 P/E ratio. The Regulated Utility segment consists of Washington Gas Light Company, which provides regulated gas distribution services to end use clients and natural gas transportation services to an unaffiliated natural gas distribution firm and Hampshire Gas Company, which provides regulated interstate natural gas storage services.
The stock decreased 3.52% or $2.65 during the last trading session, hitting $72.56. WGL Holdings Inc (NYSE:WGL) has risen 8.23% since April 28, 2016 and is uptrending. It has outperformed by 2.31% the S&P500.
Analysts await WGL Holdings Inc (NYSE:WGL) to report earnings on February, 3. They expect $1.27 EPS, up 7.63% or $0.09 from last year’s $1.18 per share. WGL’s profit will be $70.89M for 14.28 P/E if the $1.27 EPS becomes a reality. After $-0.01 actual EPS reported by WGL Holdings Inc for the previous quarter, Wall Street now forecasts -12,800.00% EPS growth.
According to Zacks Investment Research, “WASHINGTON GAS LIGHT CO is a public utility that delivers and sells natural gas to metropolitan Washington, D.C. and adjoining areas in Maryland and Virginia. A distribution subsidiary serves portions of Virginia and West Virginia. The Company has four wholly-owned active subsidiaries that include: Shenandoah Gas Company (Shenandoah) is engaged in the delivery and sale of natural gas at retail in the Shenandoah Valley, including Winchester, Middletown, Strasburg, Stephens City and New Market, Virginia, and Martinsburg, West Virginia.”
Hwg Holdings Lp holds 1.71% of its portfolio in WGL Holdings Inc for 25,977 shares. Fca Corp Tx owns 46,851 shares or 1.69% of their US portfolio. Moreover, Electron Capital Partners Llc has 1.51% invested in the company for 86,608 shares. The California-based Financial Engines Advisors L.L.C. has invested 1.47% in the stock. Earnest Partners Llc, a Georgia-based fund reported 1.45 million shares.#img1#
Ratings analysis reveals 0 of WGL Holdings’s analysts are positive. Out of 3 Wall Street analysts rating WGL Holdings, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. WGL was included in 3 notes of analysts from January 6, 2016. The stock of WGL Holdings Inc (NYSE:WGL) has “Neutral” rating given on Tuesday, November 29 by Janney Capital. As per Wednesday, January 6, the company rating was initiated by Wells Fargo. As per Wednesday, March 30, the company rating was initiated by BB&T Capital.
WGL Holdings, Inc. (WGL), incorporated on March 9, 2005, is a holding company. The Company, through its subsidiaries, sells and delivers natural gas, and provides a range of energy-related services and products to clients in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia. The Firm operates through four divisions: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems and Midstream Energy Services. In addition to its primary markets, WGL’s non-utility subsidiaries provide customized energy solutions with business activities across the United States. The Company’s subsidiaries include Washington Gas Light Company (Washington Gas), Washington Gas Resources Corporation (Washington Gas Resources), Hampshire Gas Company (Hampshire) and Crab Run Gas Company (Crab Run). Washington Gas Resources’ subsidiaries include WGL Energy Services, Inc. (WGL Energy Services), WGL Energy Systems, Inc. (WGL Energy Systems), WGL Midstream, Inc. (WGL Midstream) and WGSW, Inc. (WGSW).
Another recent and important WGL Holdings Inc (NYSE:WGL) news was published by Businesswire.com which published an article titled: “WGL Holdings, Inc. Reports Fiscal Year 2016 Financial Results; Issues Fiscal …” on November 16, 2016.
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By Marguerite Chambers