Fca Corp Tx buys $3.3 Million stake in WGL Holdings Inc (WGL)

WGL Holdings Inc (WGL) : Fca Corp Tx scooped up 94 additional shares in WGL Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 48,134 shares of WGL Holdings Inc which is valued at $3.3 Million.WGL Holdings Inc makes up approximately 1.73% of Fca Corp Tx’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management boosted its stake in WGL in the latest quarter, The investment management firm added 14,593 additional shares and now holds a total of 50,620 shares of WGL Holdings Inc which is valued at $3.5 Million. WGL Holdings Inc makes up approx 0.07% of Kennedy Capital Management’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in WGL in the latest quarter, The investment management firm added 451 additional shares and now holds a total of 5,453 shares of WGL Holdings Inc which is valued at $373,694.Bb&t Securities reduced its stake in WGL by selling 39 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 4,106 shares of WGL which is valued at $281,384. Paradigm Asset Management Co added WGL to its portfolio by purchasing 8,900 company shares during the most recent quarter which is valued at $609,917. WGL Holdings Inc makes up approx 0.11% of Paradigm Asset Management Co’s portfolio.Profund Advisors boosted its stake in WGL in the latest quarter, The investment management firm added 3,075 additional shares and now holds a total of 12,671 shares of WGL Holdings Inc which is valued at $859,981. WGL Holdings Inc makes up approx 0.04% of Profund Advisors’s portfolio.

WGL Holdings Inc closed down -0.49 points or -0.75% at $64.63 with 2,40,905 shares getting traded on Wednesday. Post opening the session at $65.02, the shares hit an intraday low of $64.38 and an intraday high of $65.16 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Investors should note that on May 11, 2016, WGL Holdings Inc announced a cash dividend of $0.4875. The company’s management has announced Jul 7, 2016 as the ex-dividend date and fixed the record date on Jul 10, 2016. The payable date has been fixed on Aug 1, 2016.

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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