Oppenheimer & Co. Inc. lifted its position in WGL Holdings Inc (NYSE:WGL) by 29.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,045 shares of the utilities provider’s stock after acquiring an additional 1,853 shares during the period. Oppenheimer & Co. Inc.’s holdings in WGL Holdings were worth $671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of WGL Holdings by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock worth $147,000 after acquiring an additional 128 shares during the last quarter. Madden Advisory Services Inc. acquired a new stake in shares of WGL Holdings in the first quarter worth approximately $191,000. Greenwood Capital Associates LLC acquired a new stake in shares of WGL Holdings in the second quarter worth approximately $203,000. TD Asset Management Inc. acquired a new stake in shares of WGL Holdings in the first quarter worth approximately $204,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of WGL Holdings in the first quarter worth approximately $206,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.
WGL Holdings Inc (WGL) opened at 84.29 on Wednesday. The stock has a market cap of $4.32 billion, a P/E ratio of 24.01 and a beta of 0.69. The company’s 50-day moving average price is $84.72 and its 200-day moving average price is $83.45. 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 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $474.36 million for the quarter, compared to analyst estimates of $477.01 million. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. WGL Holdings’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. Equities analysts forecast that WGL Holdings Inc will post $3.18 earnings per share for the current year.
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In other WGL Holdings news, Director Debra L. Lee sold 3,615 shares of the 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 legal filing with the SEC, which is accessible through the SEC website. 0.99% of the stock is currently owned by corporate insiders.
A number of equities analysts recently commented on WGL shares. BidaskClub upgraded WGL Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research downgraded WGL Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Hilliard Lyons upgraded WGL Holdings from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price 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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