NEW YORK (

TheStreet

) --

Enbridge

(NYSE:

ENB

) hit a new 52-week high Tuesday as it is currently trading at $66.68, above its previous 52-week high of $66.38 with 60,054 shares traded as of 10:02 a.m. ET. Average volume has been 314,900 shares over the past 30 days.

Enbridge has a market cap of $51 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 16.8% year to date as of the close of trading on Friday.

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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 23.8, below the average energy industry P/E ratio of 24 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 solid stock price performance, robust revenue growth, good cash flow from operations, growth in earnings per share and increase in net income. 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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