NEW YORK (

TheStreet

) --

Southern Union Company

(NYSE:

SUG

) hit a new 52-week high Friday as it traded at $28.30 compared with its previous 52-Week high of $28.14. Southern Union is changing hands at $28.24 with 527,919 shares traded as of 11:56 a.m. ET. Average volume has been 772,500 shares over the past 30 days.

Southern Union has a market cap of $3.4 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 11.8% year to date as of the close of trading on Thursday.

Southern Union Company, together with its subsidiaries, engages in the gathering, processing, transportation, storage, and distribution of natural gas in the United States. It operates in three segments: Transportation and Storage, Gathering and Processing, and Distribution. The company has a P/E ratio of 16.2, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Southern Union as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full

Southern Union Ratings Report

.

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