Brokerage Firm Rating on WGL Holdings Inc (WGL)

WGL Holdings Inc (WGL) : The consensus on WGL Holdings Inc (WGL) based on 6 analyst recommendation on the company stock is 3.17, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on WGL Holdings Inc (WGL).

WGL Holdings Inc (WGL) stock is expected to deviate a maximum of $4.04 from the average target price of $65.33 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $70 and the most muted being $63.


Company shares have received an average consensus rating of Hold for the current week WGL Holdings Inc (NYSE:WGL): The stock opened at $66.92 on Thursday but the bulls could not build on the opening and the stock topped out at $66.92 for the day. The stock traded down to $65.95 during the day, due to lack of any buying support eventually closed down at $66.00 with a loss of -1.35% for the day. The stock had closed at $66.90 on the previous day. The total traded volume was 382,184 shares.

In a related news, Floyd Nancy C, director of Wgl Holdings Inc, unloaded 850 shares at an average price of $68.28 on May 16, 2016. The total amount of the transaction was worth $58,038, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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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