Notable Runner: Is Buying WGL Holdings Inc Here a Winning Strategy?

Notable Runner: Is Buying WGL Holdings Inc Here a Winning Strategy?

The stock of WGL Holdings Inc (NYSE:WGL) hit a new 52-week high and has $79.10 target or 5.00% above today’s $75.33 share price. The 7 months bullish chart indicates low risk for the $3.95B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $79.10 price target is reached, the company will be worth $197.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.68 million shares traded hands or 588.96% 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.

Analysts await WGL Holdings Inc (NYSE:WGL) to report earnings on February, 3. They expect $1.27 EPS, up 7.63% or $0.09 from last year’s $1.18 per share. WGL’s profit will be $66.59M for 14.83 P/E if the $1.27 EPS becomes a reality. After $-0.01 actual EPS 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 rating was initiated by BB&T Capital with “Hold” on Wednesday, March 30. Wells Fargo initiated the shares of WGL in a report on Wednesday, January 6 with “Market Perform” rating.

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 Q2 2016. Its up 0.09, from 1.09 in 2016Q1. The ratio is positive, 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.
Financial Engines Advisors Ltd Limited Liability Company holds 1.47% or 24,700 shares in its portfolio. The Pennsylvania-based Sei Investments has invested 0.05% in WGL Holdings Inc (NYSE:WGL). Bridgeway Mngmt has invested 0.04% of its portfolio in WGL Holdings Inc (NYSE:WGL). Bnp Paribas Arbitrage has invested 0.01% of its portfolio in WGL Holdings Inc (NYSE:WGL). Commonwealth Equity Services last reported 0.02% of its portfolio in the stock. Redwood Investments Llc owns 2,000 shares or 0.01% of their US portfolio. Dorsey Wright And Assocs reported 28,175 shares or 1.06% of all its holdings. Matarin Mngmt Ltd Liability Corporation reported 59,836 shares or 0% of all its holdings. Tower Capital Ltd (Trc) has 563 shares for 0% of their US portfolio. Raymond James & Assoc owns 3,139 shares or 0% of their US portfolio. Amalgamated National Bank & Trust owns 6,254 shares or 0.02% of their US portfolio. Ftb Advisors accumulated 95 shares or 0% of the stock. Nordea Inv Management Ab holds 0% of its portfolio in WGL Holdings Inc (NYSE:WGL) for 9,415 shares. Cap Guardian Tru holds 0% of its portfolio in WGL Holdings Inc (NYSE:WGL) for 166 shares. Blackrock Fund Advsr, a California-based fund reported 2.61 million shares.

More news for WGL Holdings Inc (NYSE:WGL) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on January 30, 2011. Businesswire.com‘s article titled: “WGL Holdings, Inc. Reports Fiscal Year 2016 Financial Results; Issues Fiscal …” and published on November 16, 2016 is yet another important article.

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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