NEW YORK ( TheStreet) -- Great Plains Energy Inc (NYSE: GXP) hit a new 52-week high Thursday as it is currently trading at $21.29, above its previous 52-week high of $21.28 with 635,946 shares traded as of 2 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Great Plains Energy has a market cap of $2.8 billion and is part of the utilities sector and utilities industry. Shares are up 7.1% year to date as of the close of trading on Wednesday.

Great Plains Energy Incorporated, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company also provides steam services in the Missouri area. The company has a P/E ratio of 16.5, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Great Plains Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth 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 Great Plains Energy Ratings Report.

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