NEW YORK (

TheStreet

) --

American Water Works

(NYSE:

AWK

) hit a new 52-week high Wednesday as it is currently trading at $31.84, above its previous 52-week high of $31.80 with 578,363 shares traded as of 2:50 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

American Water Works has a market cap of $5.49 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 24.3% year to date as of the close of trading on Tuesday.

American Water Works Company, Inc. provides water and wastewater services to residential, commercial, industrial, public, and other customers in the United States and Canada. The company has a P/E ratio of 18.5, above the average utilities industry P/E ratio of 17.8 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates American Water Works as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

American Water Works Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null