Invesco KBW Bank ETF (KBWB) Forms $55.00 Double Top; WGL Holdings (WGL) Sentiment Is 0.97

June 25, 2018 - By Martha Paddon

WGL Holdings Inc (WGL) investors sentiment decreased to 0.97 in Q1 2018. It’s down -0.18, from 1.15 in 2017Q4. The ratio dived, as 94 funds increased or opened new stock positions, while 97 cut down and sold stock positions in WGL Holdings Inc. The funds in our database now own: 33.62 million shares, down from 34.69 million shares in 2017Q4. Also, the number of funds holding WGL Holdings Inc in top ten stock positions was flat from 2 to 2 for the same number . Sold All: 23 Reduced: 74 Increased: 69 New Position: 25.

Invesco KBW Bank ETF (KBWB) formed double top with $59.95 target or 9.00% above today’s $55.00 share price. Invesco KBW Bank ETF (KBWB) has $1.07 billion valuation. The ETF decreased 1.01% or $0.56 during the last trading session, reaching $55. About 855,619 shares traded or 39.75% up from the average. Invesco KBW Bank ETF (NASDAQ:KBWB) has risen 19.76% since June 25, 2017 and is uptrending. It has outperformed by 7.19% the S&P500.

More news for WGL Holdings, Inc. (NYSE:WGL) were recently published by: Businesswire.com, which released: “WGL Energy Recognized in National Study of Top Performing Solar Projects” on June 19, 2018. Seekingalpha.com‘s article titled: “FERC clears work on Mountain Valley natural gas pipeline” and published on June 18, 2018 is yet another important article.

Analysts await WGL Holdings, Inc. (NYSE:WGL) to report earnings on August, 1. They expect $0.30 EPS, up 15.38% or $0.04 from last year’s $0.26 per share. WGL’s profit will be $15.41 million for 73.88 P/E if the $0.30 EPS becomes a reality. After $2.12 actual EPS reported by WGL Holdings, Inc. for the previous quarter, Wall Street now forecasts -85.85% negative EPS growth.

WGL Holdings, Inc., through its subsidiaries, sells and delivers natural gas; and provides energy-related services and products. The company has market cap of $4.55 billion. The firm operates through four divisions: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. It has a 16.75 P/E ratio. The Regulated Utility segment sells and delivers natural gas to retail customers; and owns full and partial interests in underground natural gas storage facilities, including pipeline delivery facilities located in and around Hampshire County, West Virginia.

Magnetar Financial Llc holds 4.64% of its portfolio in WGL Holdings, Inc. for 2.20 million shares. S. Muoio & Co. Llc owns 50,000 shares or 2.28% of their US portfolio. Moreover, Highvista Strategies Llc has 1.72% invested in the company for 48,183 shares. The Texas-based Fca Corp Tx has invested 1.67% in the stock. Old Republic International Corp, a Illinois-based fund reported 399,500 shares.

WGL Holdings, Inc. (NYSE:WGL) Institutional Positions Chart