Rating On Watch: Janney Capital Gives WGL Holdings (NYSE:WGL) Lower Rating. Lost Its “Buy” Rating

November 29, 2016 - By Winifred Garcia

Rating On Watch: Janney Capital Gives WGL Holdings (NYSE:WGL) Lower Rating. Lost Its

WGL Holdings (NYSE:WGL) Downgrade

In a an analyst note released on Tuesday morning, research analysts at Janney Capital’s equity research division cut WGL Holdings (NYSE:WGL)‘s stock rating from a”Buy” to “Neutral”.

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. Wells Fargo initiated the shares of WGL in a report on Wednesday, January 6 with “Market Perform” rating. The firm has “Hold” rating by BB&T Capital given on Wednesday, March 30.

About 1.75 million shares traded hands or 617.67% 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 earnings per share, up 7.63% or $0.09 from last year’s $1.18 per share. WGL’s profit will be $66.58M for 14.79 P/E if the $1.27 EPS becomes a reality. After $-0.01 actual earnings per share reported by WGL Holdings Inc for the previous quarter, Wall Street now forecasts -12,800.00% EPS growth.

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.

D E Shaw And last reported 78,189 shares in the company. Moreover, Vanguard Group Inc has 0.02% invested in WGL Holdings Inc (NYSE:WGL) for 5.31M shares. Opus Invest Mngmt has 0.11% invested in the company for 8,500 shares. Fca Corporation Tx has invested 1.69% of its portfolio in WGL Holdings Inc (NYSE:WGL). Synovus Financial Corporation has 274 shares for 0% of their US portfolio. Vantage Invest Ltd Co has invested 0.03% of its portfolio in WGL Holdings Inc (NYSE:WGL). Susquehanna Intll Grp Inc Ltd Liability Partnership last reported 0% of its portfolio in the stock. Deutsche National Bank & Trust Ag reported 70,319 shares or 0% of all its holdings. Redwood Invs Lc holds 2,000 shares or 0.01% of its portfolio. Lpl Financial Limited Liability, a California-based fund reported 3,162 shares. Moreover, Cantab Cap Ltd Liability Partnership has 0% invested in WGL Holdings Inc (NYSE:WGL) for 8,879 shares. Moreover, Dorsey Wright & Associate has 1.06% invested in WGL Holdings Inc (NYSE:WGL) for 28,175 shares. Mckinley Capital Management Delaware holds 0% of its portfolio in WGL Holdings Inc (NYSE:WGL) for 60 shares. Smithfield Trust last reported 400 shares in the company. Blackrock owns 126,516 shares or 0.01% of their US portfolio.

WGL Holdings, Inc. is a holding company. The company has a market cap of $3.94 billion. The Firm operates through four divisions. It has a 22.49 P/E ratio. The Regulated Utility segment consists of Washington Gas Light Company, which provides regulated gas distribution services to end use clients and natural gas transportation services to an unaffiliated natural gas distribution firm and Hampshire Gas Company, which provides regulated interstate natural gas storage services.

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.”

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).

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.

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