NEW YORK (

TheStreet

) --

WGL Holdings Incorporated

(NYSE:

WGL

) hit a new 52-week high Thursday as it is currently trading at $43.90, above its previous 52-week high of $43.88 with 7,814 shares traded as of 9:45 a.m. ET. Average volume has been 354,100 shares over the past 30 days.

WGL has a market cap of $2.16 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 22.1% year to date as of the close of trading on Wednesday.

WGL Holdings, Inc., through its subsidiaries, engages in the sale and delivery of natural gas, and provides energy-related products and services. It operates in three segments: Regulated Utility, Retail Energy-Marketing, and Design-Build Energy Systems. The company has a P/E ratio of 19, above the average utilities industry P/E ratio of 18.4 and above 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

WGL Ratings Report

.

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