NEW YORK ( TheStreet) -- Vectren (NYSE: VVC) hit a new 52-week high Wednesday as it is currently trading at $29.53, above its previous 52-week high of $29.50 with 458,892 shares traded as of 2:40 p.m. ET. Average volume has been 432,000 shares over the past 30 days.

Vectren has a market cap of $2.4 billion and is part of the utilities sector and utilities industry. Shares are up 15.2% year to date as of the close of trading on Tuesday.

Vectren Corporation, through its subsidiaries, provides energy delivery services to residential, commercial, and industrial and other contract customers in Indiana and west central Ohio. The company has a P/E ratio of 17.2, 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 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 and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Vectren Ratings Report.

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