NEW YORK (

TheStreet

) --

Westar Energy

(NYSE:

WR

) hit a new 52-week high Thursday as it is currently trading at $28.92, above its previous 52-week high of $28.89 with 114,196 shares traded as of 11:05 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Westar Energy has a market cap of $3.37 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 13.8% year to date as of the close of trading on Wednesday.

Westar Energy, Inc., an electric utility company, engages in the generation, transmission, and distribution of electricity. It produces electricity through various sources, including coal, wind, nuclear, natural gas, oil, and diesel. The company has a P/E ratio of 15.6, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Westar Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Westar Energy Ratings Report

.

See all

52-week high stocks

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