WGL Holdings (WGL) Given News Impact Rating of 0.27

Media headlines about WGL Holdings (NYSE:WGL) have been trending positive recently, according to Alpha One Sentiment. Alpha One, a division of Accern, identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. WGL Holdings earned a coverage optimism score of 0.27 on Alpha One’s scale. Alpha One also gave media coverage about the utilities provider an impact score of 13 out of 100, indicating that recent press coverage is very unlikely to have an impact on the company’s share price in the immediate future.

Insider Buying and Selling by Quarter for WGL Holdings (NYSE:WGL)

Shares of WGL Holdings (WGL) traded down 0.02% during mid-day trading on Tuesday, hitting $83.83. The company’s stock had a trading volume of 11,429 shares. The company has a 50-day moving average price of $82.97 and a 200-day moving average price of $81.28. WGL Holdings has a 1-year low of $58.66 and a 1-year high of $84.54. The stock has a market cap of $4.29 billion, a PE ratio of 24.68 and a beta of 0.65.

WGL Holdings (NYSE:WGL) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by $0.10. The company had revenue of $841.80 million for the quarter, compared to analyst estimates of $899.14 million. WGL Holdings had a return on equity of 12.25% and a net margin of 7.46%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $1.78 earnings per share. Analysts predict that WGL Holdings will post $3.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be given a $0.51 dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.43%. WGL Holdings’s payout ratio is 60.18%.

Several analysts have weighed in on the company. BidaskClub raised WGL Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research cut WGL Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Hilliard Lyons cut WGL Holdings from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 15th. Two research analysts have rated the stock with a sell rating and four 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 $75.00.

In related news, Director Debra L. Lee sold 3,615 shares of WGL Holdings stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $83.66, for a total value of $302,430.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.99% of the stock is currently owned by insiders.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WGL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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