NEW YORK ( TheStreet) -- Dominion Resources Inc (NYSE: D) hit a new 52-week high Thursday as it is currently trading at $52.12, above its previous 52-week high of $52.08 with 1.3 million shares traded as of 12:35 p.m. ET. Average volume has been 3.8 million shares over the past 30 days.

Dominion has a market cap of $28.9 billion and is part of the utilities sector and utilities industry. Shares are up 19.7% year to date as of the close of trading on Wednesday.

Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. It operates in three segments: DVP, Dominion Generation, and Dominion Energy. The company has a P/E ratio of 17.2, below the average utilities industry P/E ratio of 17.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Dominion as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations 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 Dominion Ratings Report.

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