Hilliard Lyons Downgrades WGL Holdings Inc to Underperform

Brokerage firm Hilliard Lyons Downgrades its rating on WGL Holdings Inc(WGL). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Hilliard Lyons was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 26, 2017, UBS said it Upgrades its rating on WGL Holdings Inc. The shares have been rated ‘Neutral’ by the firm. UBS said it Initiates Coverage On WGL Holdings Inc, according to a research note issued on Dec 20, 2016. The shares have been rated ‘Sell’ by the firm.

WGL Holdings Inc (WGL) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.05% at a volume of 7,59,888. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $83.1. The peak price level was also seen at $83.1 while the days lowest was $82.37. Finally the shares closed at $82.57. The 52-week high of the shares is $84.08 while the 52-week low is $58.66. According to the latest information available, the market cap of the company is $4,229 M.

WGL Holdings Inc(WGL) last announced its earnings results on Feb 8, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $609.487M. Analysts had an estimated revenue of $694.840M. Earnings per share were $1.24. Analysts had estimated an EPS of $1.29.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Nancy C Floyd (director) sold 850 shares at $68.28 per share price.Also, On Feb 12, 2016, Michael D Barnes (director) sold 1,429 shares at $68.50 per share price.On Dec 11, 2015, Louis Hutchinson (VP and Chief Revenue Officer) purchased 100 shares at $59.77 per share price, according to the Form-4 filing with the securities and exchange commission.

WGL Holdings Inc. (WGL Holdings) is a United States of America-based public utility holding. Through its wholly owned subsidiaries it sells and delivers natural gas and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia. Promotes the efficient use of clean natural gas and renewable energy to improve the environment for the benefit of customers investors employees and the communities it serves. The Company’s business segments include Regulated Utility Retail Energy-Marketing Commercial Energy Systems and Midstream Energy Services. WGL Holdings owns all of the shares of common stock of Washington Gas Washington Gas Resources Hampshire Gas Company (Hampshire) and Crab Run Gas Company (Crab Run). Washington Gas Resources owns four unregulated subsidiaries that include WGEServices WGESystems and WGL Midstream.

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