The stock of WGL Holdings Inc (NYSE:WGL) reached all time high today, Nov, 29 and still has $79.86 target or 6.00% above today’s $75.34 share price. This indicates more upside for the $3.95 billion company. This technical setup was reported by Barchart.com. If the $79.86 PT is reached, the company will be worth $237.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 2.08M shares traded hands or 753.00% 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 $66.58M 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 Wells Fargo with “Market Perform” on Wednesday, January 6. The stock has “Hold” rating given by BB&T Capital 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 Q2 2016. 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.
Nuveen Asset Ltd Co has 249,022 shares for 0.11% of their US portfolio. Moreover, Bnp Paribas Arbitrage has 0.01% invested in WGL Holdings Inc (NYSE:WGL) for 25,921 shares. Tower Rech Cap Ltd Liability Com (Trc) holds 0% of its portfolio in WGL Holdings Inc (NYSE:WGL) for 563 shares. Nationwide Fund Advsrs holds 118,122 shares or 0.04% of its portfolio. Quantbot Tech L P holds 1,698 shares or 0.01% of its portfolio. Mitsubishi Ufj Trust And holds 0% of its portfolio in WGL Holdings Inc (NYSE:WGL) for 5,969 shares. Envestnet Asset Mgmt has 0% invested in the company for 5,974 shares. Amp Invsts accumulated 28,651 shares or 0.01% of the stock. Moreover, Dupont Cap Corp has 0.02% invested in WGL Holdings Inc (NYSE:WGL) for 12,113 shares. Duff And Phelps Management Co holds 1.00 million shares or 1.06% of its portfolio. Blackrock owns 126,516 shares or 0.01% of their US portfolio. Hanseatic Services holds 0.01% of its portfolio in WGL Holdings Inc (NYSE:WGL) for 224 shares. Suntrust Banks has 4,616 shares for 0% of their US portfolio. Alliancebernstein Lp has 78,821 shares for 0% of their US portfolio. Creative Planning accumulated 0.01% or 20,214 shares.
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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