WGL (WGL) Sets New 1-Year High at $88.68

Shares of WGL Holdings Inc (NYSE:WGL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $88.68 and last traded at $88.57, with a volume of 283300 shares trading hands. The stock had previously closed at $88.47.

Separately, Zacks Investment Research raised shares of WGL from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Friday, April 13th.

The company has a market cap of $4.55 billion, a PE ratio of 28.48, a PEG ratio of 3.90 and a beta of 0.57. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 1.09.

WGL (NYSE:WGL) last posted its earnings results on Thursday, May 3rd. The utilities provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. The company had revenue of $886.45 million for the quarter, compared to analyst estimates of $848.00 million. WGL had a net margin of 11.70% and a return on equity of 13.14%. analysts predict that WGL Holdings Inc will post 3.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 1st. Shareholders of record on Tuesday, July 10th will be issued a $0.515 dividend. The ex-dividend date is Monday, July 9th. This represents a $2.06 annualized dividend and a yield of 2.33%. WGL’s payout ratio is 66.24%.

Large investors have recently bought and sold shares of the business. Glassman Wealth Services boosted its holdings in WGL by 500.0% in the 1st quarter. Glassman Wealth Services now owns 2,400 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 2,000 shares during the last quarter. HPM Partners LLC acquired a new position in WGL in the 4th quarter valued at about $212,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in WGL by 55.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,735 shares of the utilities provider’s stock valued at $235,000 after purchasing an additional 979 shares during the last quarter. Advisor Group Inc. boosted its holdings in WGL by 50.5% in the 4th quarter. Advisor Group Inc. now owns 2,781 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 933 shares during the last quarter. Finally, Zeke Capital Advisors LLC acquired a new position in WGL in the 4th quarter valued at about $273,000. Institutional investors own 69.89% of the company’s stock.

About WGL

WGL Holdings, Inc, through its subsidiaries, sells and delivers natural gas; and provides energy-related products and services. The company operates through four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. The Regulated Utility segment sells and delivers natural gas to retail customers; and owns full and partial interests in underground natural gas storage facilities, including pipeline delivery facilities located in and around Hampshire County, West Virginia.

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