NEW YORK (

TheStreet

) --

Dominion Resources

(NYSE:

D

) hit a new 52-week high Friday as it is currently trading at $48.39, above its previous 52-week high of $48.38 with 1.1 million shares traded as of 2:21 p.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Dominion has a market cap of $27.6 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 12.8% year to date as of the close of trading on Thursday.

Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. It operates in three segments: DVP, Dominion Generation, and Dominion Energy. The company has a P/E ratio of 9.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Dominion as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Dominion Ratings Report

.

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