NEW YORK ( TheStreet) -- OGE Energy (NYSE: OGE) hit a new 52-week high Tuesday as it traded at $49.56 compared with its previous 52-Week high of $49.45. OGE Energy is changing hands at $49.56 with 220,480 shares traded as of 12:07 p.m. ET. Average volume has been 430,100 shares over the past 30 days.

OGE Energy has a market cap of $4.8 billion and is part of the utilities sector and utilities industry. Shares are up 7.4% year to date as of the close of trading on Monday.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider offering physical delivery and related services for electricity and natural gas primarily in the south central United States. The company has a P/E ratio of 16.3, above the average utilities industry P/E ratio of 8.1 and below the S&P 500 P/E ratio of 17.5.

TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full OGE Energy Ratings Report.

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