WGL Holdings Inc (NYSE:WGL) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.10-3.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.23.
A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of WGL Holdings from a hold rating to a sell rating in a research report on Sunday, July 16th. Zacks Investment Research downgraded shares of WGL Holdings from a hold rating to a sell rating in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company has an average rating of Hold and a consensus target price of $76.75.
WGL Holdings Inc (WGL) traded down 0.51% on Wednesday, reaching $85.55. 396,853 shares of the company’s stock traded hands. WGL Holdings Inc has a 12-month low of $58.66 and a 12-month high of $86.89. The stock has a 50 day moving average price of $84.10 and a 200 day moving average price of $82.84. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 25.19 and a beta of 0.67.
WGL Holdings (NYSE:WGL) last posted 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 net margin of 7.46% and a return on equity of 12.25%. The firm had revenue of $474.36 million during the quarter, compared to analyst estimates of $477.01 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts forecast that WGL Holdings Inc will post $3.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, July 6th. WGL Holdings’s dividend payout ratio is currently 60.18%.
In related news, Director Debra L. Lee sold 3,615 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $83.66, for a total value of $302,430.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.99% of the company’s stock.
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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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