UBS Maintains a 'Neutral' on WGL Holdings (WGL); Improved Results, But Missed Estimates

UBS maintains a 'Neutral' on WGL Holdings (NYSE: WGL) price target lowered from $43 to $41.

Analyst, Ronald J. Barone, said, "WGL reported $1.58 2012 F2Q earnings per share, up from $1.51 in 2Q 2011. The improved results were due to recent rate cases in Virginia and Maryland. The results, however, missed both our estimate ($1.66) and the consensus estimate ($1.65)...We are reducing our earnings per share estimates for FY 2012 and 2013 to $2.50 (from $2.65) and $2.65 ($2.78), respectively."

For an analyst ratings summary and ratings history on WGL Holdings click here. For more ratings news on WGL Holdings click here.

Shares of WGL Holdings closed at $39.06 yesterday.

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