NEW YORK (

TheStreet

) --

Sempra Energy

(NYSE:

SRE

) hit a new 52-week high Tuesday as it is currently trading at $58.79, above its previous 52-week high of $58.71 with 148,198 shares traded as of 9:45 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Sempra Energy has a market cap of $13.48 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 5.3% year to date as of the close of trading on Monday.

Sempra Energy operates as an energy services holding company worldwide. The company operates utilities, develops new energy infrastructure, and provides energy-related services to approximately 31 million consumers worldwide. The company has a P/E ratio of 10.5, above the average utilities industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Sempra Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Sempra Energy Ratings Report

.

See all

52-week high stocks

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