Spectra Energy Stock Hits New 52-Week High (SE)

NEW YORK ( TheStreet) -- Spectra Energy (NYSE: SE) hit a new 52-week high Thursday as it is currently trading at $29.28, above its previous 52-week high of $29.24 with 353,437 shares traded as of 9:46 a.m. ET. Average volume has been five million shares over the past 30 days.

Spectra Energy has a market cap of $18.3 billion and is part of the basic materials sector and energy industry. Shares are up 15.2% year to date as of the close of trading on Wednesday.

Spectra Energy Corp, through its subsidiaries, engages in the ownership and operation of a portfolio of complementary natural gas-related energy assets in the United States and Canada. The company operates in four segments: U.S. The company has a P/E ratio of 15.9, above the average energy industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins 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 Spectra Energy Ratings Report.

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