Favorable Press Coverage Somewhat Unlikely to Affect WGL (WGL) Share Price
Media coverage about WGL (NYSE:WGL) has trended positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. WGL earned a news impact score of 0.31 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 47.0257188292159 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- These Utilities Have Raised Dividends for More than 40 Years (finance.yahoo.com)
- WGL (WGL) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- WGL Holdings, Inc.: This “Forever Asset” Has Returned 117% (incomeinvestors.com)
- TFSA Income Investors: Get 5-7.5% Yields From 3 Canadian Dividend Kings (fool.ca)
Shares of WGL (WGL) traded down $0.35 during mid-day trading on Friday, hitting $84.31. The stock had a trading volume of 213,533 shares, compared to its average volume of 257,952. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $4,334.19, a PE ratio of 22.54, a PEG ratio of 3.90 and a beta of 0.66. WGL has a 12 month low of $80.67 and a 12 month high of $86.89.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, January 9th. WGL’s payout ratio is presently 54.55%.
Separately, Zacks Investment Research cut WGL from a “hold” rating to a “sell” rating in a report on Thursday, November 30th.
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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.
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