NEW YORK ( TheStreet) -- Laclede Group (NYSE: LG) hit a new 52-week high Thursday as it is currently trading at $40.08, above its previous 52-week high of $39.99 with 52,255 shares traded as of 10:10 a.m. ET. Average volume has been 113,200 shares over the past 30 days.

Laclede Group has a market cap of $885.3 million and is part of the utilities sector and utilities industry. Shares are up 8.6% year to date as of the close of trading on Wednesday.

The Laclede Group, Inc., through its subsidiaries, engages in the retail distribution, sale, and marketing of natural gas. It serves approximately 630,000 residential, commercial, and industrial customers in St. Louis and surrounding counties in eastern Missouri. The company has a P/E ratio of 13.6, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
  • Practice your LG trading strategies and win cash in our stock game.

TheStreet Ratings rates Laclede Group as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Laclede Group Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.