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Spectra Energy Stock Hits New 52-Week High (SE)

By TheStreet Wire 03/12/12 - 12:38 PM EDT

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NEW YORK (TheStreet) -- Spectra Energy (NYSE:SE) hit a new 52-week high Monday as it is currently trading at $32.02, above its previous 52-week high of $31.98 with 879,752 shares traded as of 11:20 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.

Spectra Energy has a market cap of $20.48 billion and is part of the basic materials sector and energy industry. Shares are up 2.6% year to date as of the close of trading on Friday.

Spectra Energy Corp, through its subsidiaries, engages in the ownership and operation of a portfolio of complementary natural gas-related energy assets in the United States and Canada. The company operates in four segments: U.S. The company has a P/E ratio of 17.5, above the average energy industry P/E ratio of 16.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance 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 Spectra Energy Ratings Report.

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