NEW YORK (

TheStreet

) --

NextEra Energy

(NYSE:

NEE

) hit a new 52-week high Thursday as it is currently trading at $60.98, above its previous 52-week high of $60.97 with 871,141 shares traded as of 3:30 p.m. ET. Average volume has been 2.1 million shares over the past 30 days.

NextEra Energy has a market cap of $25.68 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 16.7% year to date as of the close of trading on Wednesday.

NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. As of December 31, 2010, NextEra Energy had approximately 43,000 mega watts of generating capacity. The company has a P/E ratio of 16.7, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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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 good cash flow from operations, attractive valuation levels and solid stock price performance. 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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52-week high stocks

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