NEW YORK (

TheStreet

) --

Duke Energy Corporation

(NYSE:

DUK

) hit a new 52-week high Wednesday as it is currently trading at $21.65, above its previous 52-week high of $21.43 with 8.8 million shares traded as of 2:39 p.m. ET. Average volume has been 14.3 million shares over the past 30 days.

Duke Energy has a market cap of $27.95 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 20.2% year to date as of the close of trading on Tuesday.

Duke Energy Corporation operates as an energy company in the Americas. It operates through three segments: U.S. Franchised Electric and Gas, Commercial Power, and International Energy. The U.S. The company has a P/E ratio of 15.2, 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 Duke Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, 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

Duke Energy Ratings Report

.

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