NEW YORK (

TheStreet

) --

NextEra Energy

(NYSE:

NEE

) hit a new 52-week high Thursday as it is currently trading at $56.68, above its previous 52-week high of $56.61 with 766,653 shares traded as of 1:47 p.m. ET. Average volume has been 1.8 million shares over the past 30 days.

NextEra Energy has a market cap of $23.6 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 8.1% year to date as of the close of trading on Wednesday.

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NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company has a P/E ratio of 11.8, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates NextEra Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

NextEra Energy Ratings Report

.

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