NEW YORK ( TheStreet) -- Westar Energy (NYSE: WR) hit a new 52-week high Thursday as it traded at $26.23 compared with its previous 52-Week high of $26.16. Westar Energy is changing hands at $26.23 with 36,145 shares traded as of 9:47 a.m. ET. Average volume has been 758,000 shares over the past 30 days. Westar Energy has a market cap of $2.9 billion and is part of the utilities sector and utilities industry. Shares are up 3.6% 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 or oil, and diesel. The company has a P/E ratio of 13.9, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates Westar Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, expanding profit margins and good cash flow from operations. 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 Westar Energy Ratings Report.

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