NEW YORK ( TheStreet) -- Westar Energy (NYSE: WR) hit a new 52-week high Wednesday as it traded at $26.52 compared with its previous 52-Week high of $26.35. Westar Energy is changing hands at $26.52 with 148,463 shares traded as of 10:07 a.m. ET. Average volume has been 860,500 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 4.5% year to date as of the close of trading on Tuesday.

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 14.3, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.3.

TheStreet Ratings rates Westar Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Westar Energy Ratings Report.

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