Gateway Investment Advisers LLC lowered its position in WGL Holdings Inc (NYSE:WGL) by 37.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 47,307 shares of the utilities provider’s stock after selling 28,687 shares during the period. Gateway Investment Advisers LLC owned approximately 0.09% of WGL Holdings worth $3,947,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of WGL Holdings by 10.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,770 shares of the utilities provider’s stock worth $669,000 after buying an additional 810 shares during the period. Norges Bank acquired a new stake in shares of WGL Holdings during the fourth quarter worth $18,680,000. Quadrature Capital Ltd acquired a new stake in shares of WGL Holdings during the fourth quarter worth $444,000. Teachers Advisors LLC boosted its stake in shares of WGL Holdings by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 105,611 shares of the utilities provider’s stock worth $8,056,000 after buying an additional 10,364 shares during the period. Finally, Raymond James Trust N.A. acquired a new stake in shares of WGL Holdings during the first quarter worth $210,000. 68.01% of the stock is currently owned by institutional investors.
WGL Holdings Inc (NYSE:WGL) traded down 1.08% during mid-day trading on Friday, hitting $84.82. 353,423 shares of the company were exchanged. The stock’s 50 day moving average is $84.47 and its 200-day moving average is $83.10. WGL Holdings Inc has a 12-month low of $58.66 and a 12-month high of $86.89. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 24.16 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 Thomson Reuters’ consensus estimate 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 return on equity of 11.76% and a net margin of 7.60%. WGL Holdings’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Equities research analysts predict that WGL Holdings Inc will post $3.18 EPS for the current year.
A number of analysts have weighed in on WGL shares. Zacks Investment Research cut shares of WGL Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub raised shares of WGL Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 17th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $76.75.
In other news, Director Debra L. Lee sold 3,615 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $83.66, for a total transaction of $302,430.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.09% of the stock is currently owned by insiders.
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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