NEW YORK ( TheStreet) -- Vectren (NYSE: VVC) hit a new 52-week high Thursday as it is currently trading at $29.17, above its previous 52-week high of $28.95 with 38,529 shares traded as of 9:36 a.m. ET. Average volume has been 441,700 shares over the past 30 days.

Vectren has a market cap of $2.3 billion and is part of the utilities sector and utilities industry. Shares are up 13.2% year to date as of the close of trading on Wednesday.

Vectren Corporation provides energy delivery services to residential, commercial, and industrial and other customers in Indiana and west central Ohio. The company has a P/E ratio of 19.3, 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 Vectren as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Vectren Ratings Report.

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