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TheStreet Wire

Wisconsin Energy Stock Hits New 52-Week High (WEC)

By TheStreet Wire 12/29/11 - 10:29 AM EST

Find out if (WEC) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Wisconsin Energy Corporation (NYSE:WEC) hit a new 52-week high Thursday as it is currently trading at $35.27, above its previous 52-week high of $35.24 with 86,549 shares traded as of 10:05 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Wisconsin Energy has a market cap of $8.13 billion and is part of the utilities sector and utilities industry. Shares are up 19% year to date as of the close of trading on Wednesday.

Wisconsin Energy Corporation engages in the generation, distribution, and sale of electric energy and steam. The company also involves in the purchase, distribution, and sale of natural gas to retail customers, as well as in the transportation of customer-owned natural gas in Wisconsin. The company has a P/E ratio of 15.8, above the average utilities industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Wisconsin Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Wisconsin Energy Ratings Report.

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

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