NEW YORK (

TheStreet

) --

Sempra Energy

(NYSE:

SRE

) hit a new 52-week high Wednesday as it is currently trading at $54.51, above its previous 52-week high of $54.45 with 101,080 shares traded as of 10:07 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Sempra Energy has a market cap of $13 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 3.5% year to date as of the close of trading on Tuesday.

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Sempra Energy, together with its subsidiaries, engages in the development of energy infrastructure, operation of utilities, and provision of energy-related products and services worldwide. It operates through two divisions, Sempra Utilities and Sempra Global. The company has a P/E ratio of 18.1, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 16.7.

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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 good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Sempra Energy Ratings Report

.

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