NEW YORK ( TheStreet) -- New Jersey Resources Corporation (NYSE: NJR) hit a new 52-week high Wednesday as it is currently trading at $46.30, above its previous 52-week high of $46.29 with 42,403 shares traded as of 12:35 p.m. ET. Average volume has been 165,300 shares over the past 30 days.

New Jersey has a market cap of $1.9 billion and is part of the utilities sector and utilities industry. Shares are up 6.4% year to date as of the close of trading on Tuesday.

New Jersey Resources Corporation provides retail and wholesale energy services. It operates in two segments, Natural Gas Distribution and Energy Services. The company has a P/E ratio of 23.6, below the average utilities industry P/E ratio of 23.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates New Jersey as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations 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 New Jersey Ratings Report.

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