NEW YORK ( TheStreet) -- Wisconsin Energy Corporation (NYSE: WEC) hit a new 52-week high Wednesday as it is currently trading at $32.55, above its previous 52-week high of $32.49 with one million shares traded as of 11:40 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Wisconsin Energy has a market cap of $7.4 billion and is part of the utilities sector and utilities industry. Shares are up 7.6% year to date as of the close of trading on Tuesday.

Wisconsin Energy Corporation engages in the generation, distribution, and sale of electric energy and steam. The company also involves in the purchase, distribution, and sale of natural gas to retail customers, as well as in the transportation of customer-owned natural gas in Wisconsin. The company has a P/E ratio of 14.8, above the average utilities industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Wisconsin Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, compelling growth in net income and good cash flow from operations. 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 Wisconsin Energy Ratings Report.

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