Revenue Update on WGL Holdings Inc(NYSE:WGL)

WGL Holdings Inc(NYSE:WGL) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $440.59M. Analysts estimated a revenue of $482.57M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.14.

WGL Holdings Inc (WGL) made into the market gainers list on Fridays trading session with the shares advancing 0.23% or 0.15 points. Due to strong positive momentum, the stock ended at $66.15, which is also near the day’s high of $66.81. The stock began the session at $66.24 and the volume stood at 2,90,111 shares. The 52-week high of the shares is $74.1 and the 52 week low is $51.86. The company has a current market capitalization of $3,378 M and it has 5,10,59,773 shares in outstanding.

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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