NEW YORK ( TheStreet) -- Black Hills Corporation (NYSE: BKH) hit a new 52-week high Thursday as it is currently trading at $34.60, above its previous 52-week high of $34.50 with 9,109 shares traded as of 9:50 a.m. ET. Average volume has been 224,300 shares over the past 30 days.

Black Hills has a market cap of $1.3 billion and is part of the utilities sector and utilities industry. Shares are up 14.8% year to date as of the close of trading on Wednesday.

Black Hills Corporation, together with its subsidiaries, operates as a diversified energy company. It operates through two groups, Utilities and Non-regulated Energy. The company has a P/E ratio of 19.3, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
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TheStreet Ratings rates Black Hills as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in net income, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Black Hills Ratings Report.

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