Notable Price Action: WGL Holdings Inc Can’t Be More Safe. Trades Significantly Higher

Notable Price Action: WGL Holdings Inc Can't Be More Safe. Trades Significantly Higher

The stock of WGL Holdings Inc (NYSE:WGL) is a huge mover today! The stock increased 8.97% or $6.19 on November 29, hitting $75.21. About 2.28M shares traded hands or 835.02% up from the average. WGL Holdings Inc (NYSE:WGL) has risen 2.92% since April 26, 2016 and is uptrending. It has underperformed by 2.34% the S&P500.
The move comes after 9 months positive chart setup for the $3.94 billion company. It was reported on Nov, 29 by Barchart.com. We have $78.22 PT which if reached, will make NYSE:WGL worth $157.60M more.

Analysts await WGL Holdings Inc (NYSE:WGL) to report earnings on February, 3. They expect $1.27 earnings per share, up 7.63% or $0.09 from last year’s $1.18 per share. WGL’s profit will be $66.53 million for 14.81 P/E if the $1.27 EPS becomes a reality. After $-0.01 actual earnings per share reported by WGL Holdings Inc for the previous quarter, Wall Street now forecasts -12,800.00% EPS growth.

WGL Holdings Inc (NYSE:WGL) Ratings Coverage

Out of 2 analysts covering WGL Holdings (NYSE:WGL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. WGL Holdings has been the topic of 2 analyst reports since January 6, 2016 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Wednesday, January 6 by Wells Fargo. The firm has “Hold” rating by BB&T Capital given on Wednesday, March 30.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.09, from 1.09 in 2016Q1. The ratio improved, as 20 funds sold all WGL Holdings Inc shares owned while 79 reduced positions. 25 funds bought stakes while 83 increased positions. They now own 34.12 million shares or 1.38% more from 33.66 million shares in 2016Q1.
Tudor Inv Et Al owns 5,800 shares or 0.01% of their US portfolio. Matarin Mngmt Limited Liability Corp has 0% invested in the company for 59,836 shares. The Switzerland-based Gam Ag has invested 0.03% in WGL Holdings Inc (NYSE:WGL). Moreover, Cetera Advisor Ntwk Limited Liability Company has 0.01% invested in WGL Holdings Inc (NYSE:WGL) for 3,400 shares. Wellington Grp Incorporated Llp has invested 0.02% of its portfolio in WGL Holdings Inc (NYSE:WGL). Ahl Llp, a United Kingdom-based fund reported 4,309 shares. Suntrust Banks holds 4,616 shares or 0% of its portfolio. The New York-based Tower Rech Capital Limited Liability Company (Trc) has invested 0% in WGL Holdings Inc (NYSE:WGL). First Advisors Limited Partnership last reported 0.05% of its portfolio in the stock. Davidson Garrard accumulated 3,873 shares or 0.07% of the stock. Peoples Fincl accumulated 0% or 58 shares. Credit Suisse Ag holds 0.01% or 65,197 shares in its portfolio. Duncker Streett owns 400 shares or 0.01% of their US portfolio. Duff Phelps Investment Com holds 1.06% of its portfolio in WGL Holdings Inc (NYSE:WGL) for 1.00 million shares. State Of New Jersey Common Pension Fund D has 25,000 shares for 0.01% of their US portfolio.

Another recent and important WGL Holdings Inc (NYSE:WGL) news was published by Businesswire.com which published an article titled: “WGL Holdings, Inc. Reports Fiscal Year 2016 Financial Results; Issues Fiscal …” on November 16, 2016.

WGL Company Profile

WGL Holdings, Inc. (WGL), incorporated on March 9, 2005, is a holding company. The Company, through its subsidiaries, sells and delivers natural gas, and provides a range of energy-related services and products to clients in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia. The Firm operates through four divisions: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems and Midstream Energy Services. In addition to its primary markets, WGL’s non-utility subsidiaries provide customized energy solutions with business activities across the United States. The Company’s subsidiaries include Washington Gas Light Company (Washington Gas), Washington Gas Resources Corporation (Washington Gas Resources), Hampshire Gas Company (Hampshire) and Crab Run Gas Company (Crab Run). Washington Gas Resources’ subsidiaries include WGL Energy Services, Inc. (WGL Energy Services), WGL Energy Systems, Inc. (WGL Energy Systems), WGL Midstream, Inc. (WGL Midstream) and WGSW, Inc. (WGSW).

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