UIL Reaches New 52-Week High (UIL)

NEW YORK ( TheStreet) -- UIL Holdings Corporation (NYSE: UIL) hit a new 52-week high Thursday as it is currently trading at $34.22, above its previous 52-week high of $34.18 with 15,990 shares traded as of 9:37 a.m. ET. Average volume has been 434,400 shares over the past 30 days.

UIL has a market cap of $1.7 billion and is part of the utilities sector and utilities industry. Shares are up 13.8% year to date as of the close of trading on Wednesday.

UIL Holdings Corporation, through its subsidiary, The United Illuminating Company, operates as a regulated utility company providing electricity and energy related services. It serves approximately 324,000 customers in the Greater New Haven and Bridgeport areas. The company has a P/E ratio of 17, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates UIL as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. 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 UIL Ratings Report.

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