Trading was heavy with 566K shares changing hands on Tuesday. Trading volume was up 165.57% over the stocks average daily volume.
Traders are a little more bearish on shares of WGL Holdings Inc if you take into consideration the increase in short interest. The firm saw a rise in short interest of 2.52% as of the latest report on October 13, 2017. Short interest increased 47,136 over that timeframe. The short-interest ratio decreased to 8.0 and the short interest percentage is 0.04% as of October 13.
These funds have shifted positions in (WGL). Parkside Financial Bank & Trust divested its ownership by selling 28 shares a decrease of 21.4% from 06/30/2017 to 09/30/2017. Parkside Financial Bank & Trust currently owns 103 shares worth $9,000. The total value of its holdings decreased 18.2%. Raymond James Financial Services Advisors, Inc. expanded its position by buying 3,088 shares an increase of 27.7% in the quarter. Raymond James Financial Services Advisors, Inc. controls 14,219 shares with a value of $1,197,000. The value of the position overall is up by 28.8%.
Aperio Group, LLC bolstered its holdings by buying 7,202 shares an increase of 22.0%. Aperio Group, LLC owns 39,906 shares valued at $3,360,000. The value of the position overall is up by 23.2%. As of the end of the quarter Tokio Marine Asset Management CO Ltd had bought a total of 10,500 shares growing its holdings by 47.3%. The value of the investment in WGL increased from $1,852,000 to $2,753,000 a change of $901,000 since the last quarter.
The company is now up by 0.32% since yesterday’s close of $85.70. Additionally the company recently announced a dividend for shareholders that was paid on Wednesday November 1st, 2017. The dividend was $0.510 per share for the quarter or $2.04 on an annualized basis. This dividend represents a yield of $2.38. The ex-dividend date was Friday the 6th of October 2017.
It is currently trading at $85.70 a tad higher than $85.04, the 50 day moving average and a bit higher than the 200 day moving average of $84.04. The 50 day moving average went up by +0.77% and the 200 day average went up by +1.98%.
WGL Holdings Inc currently has a P/E ratio of 24.41 and the market cap is 4.39B. In the last earnings report the EPS was $3.51 and is projected to be $3.16 for the current year with 51,219,000 shares outstanding. Next quarter’s EPS is expected be $1.32 with next year’s EPS anticipated to be $3.56.
WGL Holdings, Inc. (WGL), launched 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 products and services to customers in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia. The Company operates through four segments: 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 Business’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)..Advertisement