NEW YORK (

TheStreet

) --

Enbridge

(NYSE:

ENB

) hit a new 52-week high Tuesday as it is currently trading at $65.09, above its previous 52-week high of $64.98 with 61,386 shares traded as of 11:06 a.m. ET. Average volume has been 282,000 shares over the past 30 days.

Enbridge has a market cap of $24.8 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 12.6% year to date as of the close of trading on Monday.

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Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. The company has a P/E ratio of 24.9, above the average energy industry P/E ratio of 24.8 and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Enbridge as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and growth in earnings per share. 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

Enbridge Ratings Report

.

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