Burt Wealth Advisors buys $465,182 stake in WGL Holdings Inc (WGL)

WGL Holdings Inc (WGL) : Burt Wealth Advisors scooped up 18 additional shares in WGL Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 6,852 shares of WGL Holdings Inc which is valued at $465,182.WGL Holdings Inc makes up approximately 0.42% of Burt Wealth Advisors’s portfolio.

WGL Holdings Inc opened for trading at $67.95 and hit $69 on the upside on Monday, eventually ending the session at $68.73, with a gain of 1.24% or 0.84 points. The heightened volatility saw the trading volume jump to 3,46,505 shares. Company has a market cap of $3,426 M.

Other Hedge Funds, Including , First Manhattan Co reduced its stake in WGL by selling 1,000 shares or 3.44% in the most recent quarter. The Hedge Fund company now holds 28,050 shares of WGL which is valued at $1,864,764. WGL Holdings Inc makes up approx 0.01% of First Manhattan Co’s portfolio.Community Bank N.a. reduced its stake in WGL by selling 200 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 4,200 shares of WGL which is valued at $279,216. WGL Holdings Inc makes up approx 0.07% of Community Bank N.a.’s portfolio. Exencial Wealth Advisors added WGL to its portfolio by purchasing 3,518 company shares during the most recent quarter which is valued at $233,877. WGL Holdings Inc makes up approx 0.11% of Exencial Wealth Advisors’s portfolio.

On the company’s financial health, WGL Holdings Inc reported $1.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Feb 5, 2016. Analyst had a consensus of $1.24. The company had revenue of $613.40 million for the quarter, compared to analysts expectations of $773.19 million. The company’s revenue was down -18.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.16 EPS.

Many Wall Street Analysts have commented on WGL Holdings Inc. WGL Holdings Inc was Initiated by BB&T Capital Mkts to “Hold” on Mar 30, 2016.

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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