NEW YORK (

TheStreet

) --

Nstar

(NYSE:

NST

) hit a new 52-week high Thursday as it is currently trading at $47.25, above its previous 52-week high of $47.22 with 11,267 shares traded as of 10:02 a.m. ET. Average volume has been 316,700 shares over the past 30 days.

Nstar has a market cap of $4.9 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 11.7% year to date as of the close of trading on Wednesday.

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NSTAR, through its subsidiaries, engages in the distribution, transmission, and sale of energy in Massachusetts. The company has a P/E ratio of 20.7, above the average utilities industry P/E ratio of 14.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Nstar as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Nstar Ratings Report

.

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