Last $54.63 USD
Change Today +0.63 / 1.17%
Volume 255.0K
WGL On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

wgl holdings inc (WGL) Snapshot

Open
$53.80
Previous Close
$54.00
Day High
$55.04
Day Low
$53.80
52 Week High
12/26/14 - $55.04
52 Week Low
02/5/14 - $35.35
Market Cap
2.7B
Average Volume 10 Days
464.5K
EPS TTM
$1.96
Shares Outstanding
49.7M
EX-Date
01/7/15
P/E TM
27.8x
Dividend
$1.76
Dividend Yield
3.19%
Current Stock Chart for WGL HOLDINGS INC (WGL)

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wgl holdings inc (WGL) Details

WGL Holdings, Inc., through its subsidiaries, sells and delivers natural gas, and provides energy-related products and services. The company operates in four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. 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. The Retail Energy-Marketing segment sells natural gas and electricity directly to residential, commercial, and industrial customers. The Commercial Energy Systems segment provides design-build energy efficient and sustainable solutions, including commercial solar, energy efficiency, and combined heat and power projects to government and commercial clients. This segment also focuses on upgrading the mechanical, electrical, and water and energy-related infrastructure of governmental and commercial facilities by implementing traditional, as well as alternative energy technologies primarily in the District of Columbia, Maryland, and Virginia. The Midstream Energy Services segment is engaged in developing, acquiring, managing, and optimizing natural gas storage and transportation assets. As of September 30, 2014, the company had approximately 565 miles of transmission mains; 12,713 miles of distribution mains; 12,761 miles of distribution services; and storage capacity for approximately 15.0 million gallons of propane for peak-shaving, as well as served approximately 157,000 natural gas customers and approximately 162,000 electricity customers in Maryland, Virginia, Delaware, Pennsylvania, and the District of Columbia. WGL Holdings, Inc. was founded in 1848 and is headquartered in Washington, the District of Columbia.

1,444 Employees
Last Reported Date: 11/21/14
Founded in 1848

wgl holdings inc (WGL) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $795.0K
President, Chief Operating Officer, President...
Total Annual Compensation: $530.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $440.0K
Senior Vice President of Strategy, Business D...
Total Annual Compensation: $385.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $345.0K
Compensation as of Fiscal Year 2013.

wgl holdings inc (WGL) Key Developments

WGL Holdings Inc. and Washington Gas Light Company Enter into First Amendment to the Credit Agreement

On December 19, 2014, WGL Holdings Inc. and Washington Gas Light Company each entered into a first amendment to credit agreement relating to its respective credit agreement, each dated April 3, 2012. The amendments extend the maturity date of the credit facilities until December 19, 2019, provided that the credit facilities will terminate on September 30, 2017 if Washington Gas does not obtain an extension of a regulatory approval authorizing the incurrence of short-term indebtedness. Each facility has two one-year extension options. The amendments also clarify the calculation of the minimum interest rate on base rate loans and make miscellaneous other changes relating to compliance with anti-corruption laws and other matters. The credit facility for WGL Holdings permits it to borrow up to $450 million, and further permits, with the lenders' approval, additional borrowings of $100 million for a maximum potential total of $550 million. The credit facility for Washington Gas permits it to borrow up to $350 million, and further permits, with the lenders' approval, additional borrowings of $100 million for a maximum potential total of $450 million. The available borrowings and, other than, the applicable interest rates under the credit facilities remain unchanged. The lenders under the credit facilities are Wells Fargo Bank, National Association; The Bank of Tokyo-Mitsubishi UFJ Ltd.; Branch Banking and Trust Company; TD Bank, N.A.; Royal Bank of Canada; U.S. Bank, National Association; and the Bank of New York Mellon.

Wgl Holdings Inc. Declares Regular Quarterly Dividend on Common Stock and Preferred Stock, Payable on February 1, 2015

WGL Holdings Inc. declared a regular quarterly dividend of $0.44 per share of common stock. The quarterly dividend is payable February 1, 2015, to shareholders of record as of January 10, 2015. The company also declared regular dividends on all classes of its preferred stock. The company declares dividend on $4.25 Series preferred stock, $4.80 Series preferred stock, $5.00 Series preferred stock was $1.0625, $1.20, $1.25 per share. Dividends on the preferred stock also are payable February 1, 2015, to shareholders of record as of January 10, 2015.

WGL Holdings Mulls Acquisitions

WGL Holdings Inc. (NYSE:WGL) is seeking acquisitions. WGL Holdings is planning to raise funds from offering and plans to use part of proceeds for acquisitions. WGL Holdings said, " We expect that the net proceeds from this offering will be added to our funds for general corporate purposes and may be used to meet our working capital requirements, fund possible acquisitions of, or investments in, businesses and assets, repurchase outstanding securities of WGL Holdings and its subsidiaries, fund capital expenditures and reimburse funds expended for any of those purposes."

 

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Industry Analysis

WGL

Industry Average

Valuation WGL Industry Range
Price/Earnings 26.7x
Price/Sales 1.0x
Price/Book 2.2x
Price/Cash Flow 12.5x
TEV/Sales 0.5x
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