Wells Fargo Maintains a Hold Rating on Wgl Holdings Inc

By Ryan Adsit

In a report released yesterday, Neil Kalton from Wells Fargo maintained a Hold rating on Wgl Holdings Inc (NYSE: WGL). The company’s shares closed yesterday at $72.56.

According to TipRanks.com, Kalton is a 3-star analyst with an average return of 3.9% and a 51.6% success rate. Kalton covers the Utilities sector, focusing on stocks such as Hawaiian Electric Industries, Connecticut Water Service, and American Electric Power.

Wgl Holdings Inc has an analyst consensus of Hold.

Based on Wgl Holdings Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $460 million and GAAP net loss of $8.56 million. In comparison, last year the company earned revenue of $468 million and had a net profit of $1.94 million.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2015, Michael D. Barnes, a Director at WGL sold 1,648 shares for a total of $88,794.

WGL Holdings, Inc. is a holding company, which sells and delivers natural gas and provides a variety of energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia. It operates through four operating segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems and Midstream Energy services. The Regulated Utility segment provides regulated gas distribution services, including the sale and delivery of natural gas, meter reading, responding to customer inquiries, bill preparation and the construction and maintenance of its natural gas distribution system to customers through its Washington Gas and Hampshire subsidiary. The Retail Energy-Marketing segment consists of the operations of Washington Gas Energy Services, Inc., which sells natural gas and electricity directly to retail customers and in competition with regulated utilities and unregulated gas and electricity marketers. The Commercial Energy Systems segment consists of the operations of Washington Gas Energy Systems, Inc. and provides design-build energy efficient and sustainable solutions including commercial solar, energy efficiency and combined heat and power projects to government and commercial clients. The company also provides electric power through renewable wind energy, or installing energy-efficient systems for the federal government. WGL Holdings was founded on November 1, 2000 and is headquartered in Washington, DC.