NEW YORK ( TheStreet) -- Nicor Inc (NYSE: GAS) hit a new 52-week high Tuesday as it is currently trading at $56.33, above its previous 52-week high of $56.32 with 120,127 shares traded as of 1:19 p.m. ET. Average volume has been 359,500 shares over the past 30 days.

Nicor has a market cap of $2.5 billion and is part of the utilities sector and utilities industry. Shares are up 10.9% year to date as of the close of trading on Monday.

Nicor Inc., through its subsidiaries, engages in natural gas distribution business in the United States. The company distributes natural gas to approximately 2.2 million residential, commercial, and industrial customers in northern Illinois. The company has a P/E ratio of 21.5, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Nicor 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Nicor Ratings Report.

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