NEW YORK (

TheStreet

) --

Empire District Electric

(NYSE:

EDE

) hit a new 52-week high Thursday as it is currently trading at $23.23, above its previous 52-week high of $23.20 with 5,265 shares traded as of 9:39 a.m. ET. Average volume has been 187,400 shares over the past 30 days.

Empire District Electric has a market cap of $960.9 million and is part of the

utilities

sector and

utilities

industry. Shares are up 4.2% year to date as of the close of trading on Wednesday.

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The Empire District Electric Company, together with its subsidiaries, primarily engages in the generation, purchase, transmission, distribution, and sale of electricity in Missouri, Kansas, Oklahoma, and Arkansas. The company has a P/E ratio of 18.5, below the average utilities industry P/E ratio of 18.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Empire District Electric as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Empire District Electric Ratings Report

.

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