NEW YORK (
) hit a new 52-week high Monday as it traded at $34.10 compared with its previous 52-Week high of $34.01. Northeast Utilities is changing hands at $34.10 with 235,387 shares traded as of 10:21 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.
Northeast Utilities has a market cap of $5.8 billion and is part of the
industry. Shares are up 5.4% year to date as of the close of trading on Friday.
Northeast Utilities, a public utility holding company, engages in the energy delivery business for residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company has a P/E ratio of 17.1, above the average utilities industry P/E ratio of 17 and below the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates Northeast Utilities as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, good cash flow from operations, solid stock price performance and attractive valuation levels. 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
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