NEW YORK ( TheStreet) -- WGL Holdings Incorporated (NYSE: WGL) hit a new 52-week high Friday as it is currently trading at $44.91, above its previous 52-week high of $44.83 with 20,766 shares traded as of 10:24 a.m. ET. Average volume has been 334,600 shares over the past 30 days.

WGL has a market cap of $2.27 billion and is part of the utilities sector and utilities industry. Shares are up 25% year to date as of the close of trading on Thursday.

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 19.4, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

5 Things You Must Know Before the Market Opens Thursday

AltaGas Buying WGL for $6.4 Billion

These Stocks Are Hardly the Star Performers

3 Stocks Going Ex-Dividend Tomorrow: ARP, PSO, WGL

New Lifetime High Reached By WGL Holdings (WGL)