NEW YORK (

TheStreet

) --

WGL Holdings Incorporated

(NYSE:

WGL

) hit a new 52-week high Monday as it is currently trading at $40.51, above its previous 52-week high of $40.44 with 8,327 shares traded as of 9:39 a.m. ET. Average volume has been 362,900 shares over the past 30 days.

WGL has a market cap of $2 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 11.7% year to date as of the close of trading on Friday.

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WGL Holdings, Inc. engages in the delivery and sale of natural gas, and provides energy-related products and services in the District of Columbia, Maryland, Virginia, and Delaware. The company has a P/E ratio of 16.9, above the average utilities industry P/E ratio of 16.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates WGL as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full

WGL Ratings Report

.

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