JPMorgan Chase & Co. raised its position in shares of WGL Holdings Inc (NYSE:WGL) by 15.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 837,443 shares of the utilities provider’s stock after purchasing an additional 114,947 shares during the period. JPMorgan Chase & Co. owned 1.64% of WGL Holdings worth $69,868,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of WGL Holdings by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 128 shares in the last quarter. Madden Advisory Services Inc. acquired a new position in shares of WGL Holdings during the 1st quarter valued at about $191,000. Greenwood Capital Associates LLC acquired a new position in shares of WGL Holdings during the 2nd quarter valued at about $203,000. TD Asset Management Inc. acquired a new position in shares of WGL Holdings during the 1st quarter valued at about $204,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of WGL Holdings during the 1st quarter valued at about $206,000. 69.05% of the stock is owned by institutional investors.
WGL Holdings Inc (NYSE WGL) opened at 84.48 on Tuesday. The stock’s 50 day moving average price is $84.59 and its 200-day moving average price is $83.49. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 24.06 and a beta of 0.69. WGL Holdings Inc has a one year low of $58.66 and a one year high of $86.89.
WGL Holdings (NYSE:WGL) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $474.36 million for the quarter, compared to the consensus estimate of $477.01 million. During the same quarter in the previous year, the company posted $0.33 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Analysts forecast that WGL Holdings Inc will post $3.22 earnings per share for the current year.
In other WGL Holdings news, Director Debra L. Lee sold 2,122 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $84.00, for a total transaction of $178,248.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.99% of the stock is owned by insiders.
A number of research analysts have recently commented on WGL shares. BidaskClub raised WGL Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 17th. Zacks Investment Research lowered WGL Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Hilliard Lyons raised WGL Holdings from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $76.75.
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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