According to Zacks, “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. “
WGL Holdings (NYSE:WGL) opened at 58.69 on Thursday. The firm’s 50-day moving average price is $62.59 and its 200-day moving average price is $66.92. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 16.60 and a beta of 0.57. WGL Holdings has a 52-week low of $57.04 and a 52-week high of $74.10.
WGL Holdings (NYSE:WGL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.19. WGL Holdings had a return on equity of 11.60% and a net margin of 7.61%. The business earned $440.60 million during the quarter, compared to analyst estimates of $482.57 million. During the same quarter in the prior year, the business posted $0.22 EPS. WGL Holdings’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts anticipate that WGL Holdings will post $3.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be given a dividend of $0.4875 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.32%. WGL Holdings’s payout ratio is 55.08%.
Several hedge funds and other institutional investors have recently modified their holdings of WGL. Quantbot Technologies LP purchased a new position in shares of WGL Holdings during the second quarter worth $120,000. M&R Capital Management Inc. purchased a new position in shares of WGL Holdings during the second quarter worth $120,000. Invictus RG raised its position in shares of WGL Holdings by 64.7% in the first quarter. Invictus RG now owns 2,484 shares of the company’s stock worth $180,000 after buying an additional 976 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of WGL Holdings during the second quarter worth $207,000. Finally, LS Investment Advisors LLC raised its position in shares of WGL Holdings by 75.1% in the second quarter. LS Investment Advisors LLC now owns 3,018 shares of the company’s stock worth $214,000 after buying an additional 1,294 shares during the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.
WGL Holdings Company Profile
WGL Holdings, Inc (WGL Holdings), is a United States of America-based public utility holding. Through its wholly owned subsidiaries, it sells and delivers natural gas and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia.
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