NEW YORK (

TheStreet

) --

Southern Union Company

(NYSE:

SUG

) hit a new 52-week high Thursday as it is currently trading at $29.24, above its previous 52-week high of $29.24 with 228,774 shares traded as of 10:12 a.m. ET. Average volume has been 715,500 shares over the past 30 days.

Southern Union has a market cap of $3.6 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 20.8% year to date as of the close of trading on Wednesday.

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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 15.5, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Southern Union as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, revenue growth, attractive valuation levels and notable return on equity. 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

Southern Union Ratings Report

.

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