WGL Holdings Inc (WGL) Shares Bought by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL raised its position in shares of WGL Holdings Inc (NYSE:WGL) by 251.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,650 shares of the utilities provider’s stock after buying an additional 11,200 shares during the period. Gamco Investors INC. ET AL’s holdings in WGL Holdings were worth $1,306,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. IndexIQ Advisors LLC acquired a new stake in shares of WGL Holdings during the first quarter worth $1,245,000. State Board of Administration of Florida Retirement System increased its stake in shares of WGL Holdings by 17.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 34,260 shares of the utilities provider’s stock worth $2,827,000 after buying an additional 5,130 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of WGL Holdings by 1.0% in the first quarter. State Treasurer State of Michigan now owns 20,840 shares of the utilities provider’s stock worth $1,720,000 after buying an additional 200 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of WGL Holdings by 7.7% in the first quarter. Great West Life Assurance Co. Can now owns 30,499 shares of the utilities provider’s stock worth $2,516,000 after buying an additional 2,193 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of WGL Holdings by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,548 shares of the utilities provider’s stock worth $1,448,000 after buying an additional 200 shares in the last quarter. 69.05% of the stock is currently owned by hedge funds and other institutional investors.
WGL Holdings Inc (WGL) opened at 83.80 on Monday. WGL Holdings Inc has a 52 week low of $58.66 and a 52 week high of $86.89. The stock has a 50 day moving average price of $84.59 and a 200-day moving average price of $83.34. The company has a market capitalization of $4.29 billion, a PE ratio of 23.87 and a beta of 0.67.
WGL Holdings (NYSE:WGL) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $474.36 million for the quarter, compared to analysts’ expectations of $477.01 million. WGL Holdings had a net margin of 7.60% and a return on equity of 11.76%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. On average, equities analysts predict that WGL Holdings Inc will post $3.18 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://theolympiareport.com/2017/08/28/wgl-holdings-inc-wgl-shares-bought-by-gamco-investors-inc-et-al.html.
A number of brokerages have weighed in on WGL. BidaskClub raised WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research raised WGL Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $76.75.
In related news, Director Debra L. Lee sold 3,615 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $83.66, for a total transaction of $302,430.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.99% of the company’s stock.
About WGL Holdings
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.
Want to see what other hedge funds are holding WGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WGL Holdings Inc (NYSE:WGL).
Receive News & Ratings for WGL Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WGL Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.