NEW YORK (

TheStreet

) --

AGL Resources

(NYSE:

AGL

) hit a new 52-week high Thursday as it is currently trading at $42.51, above its previous 52-week high of $42.40 with 40,563 shares traded as of 10:05 a.m. ET. Average volume has been 566,600 shares over the past 30 days.

AGL has a market cap of $3.2 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 15.7% year to date as of the close of trading on Wednesday.

AGL Resources Inc., an energy services holding company, distributes natural gas in Florida, Georgia, Maryland, New Jersey, Tennessee, and Virginia. It operates through four segments: Distribution Operations, Retail Energy Operations, Wholesale Services, and Energy Investments. The company has a P/E ratio of 0.5, below the average utilities industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AGL as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

AGL Ratings Report

.

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