NEW YORK (

TheStreet

) --

Wisconsin Energy Corporation

(NYSE:

WEC

) hit a new 52-week high Thursday as it is currently trading at $31.07, above its previous 52-week high of $31.01 with 455,025 shares traded as of 3:38 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Wisconsin Energy has a market cap of $7.2 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 4.7% year to date as of the close of trading on Wednesday.

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Wisconsin Energy Corporation, through its subsidiaries, generates and distributes electric energy in southeastern, east central, and northern Wisconsin, as well as in the Upper Peninsula of Michigan. The company has a P/E ratio of 15.9, 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 Wisconsin Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Wisconsin Energy Ratings Report

.

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