NEW YORK (

TheStreet

) --

Enbridge

(NYSE:

ENB

) hit a new 52-week high Wednesday as it is currently trading at $36.27, above its previous 52-week high of $36.25 with 204,980 shares traded as of 10:50 a.m. ET. Average volume has been 705,000 shares over the past 30 days.

Enbridge has a market cap of $27.37 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 27.7% year to date as of the close of trading on Tuesday.

Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGLs), and refined products pipelines and terminals. The company has a P/E ratio of 28.6, above the average energy industry P/E ratio of 25.9 and above the S&P 500 P/E ratio of 17.7.

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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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full

Enbridge Ratings Report

.

See all

52-week high stocks

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