NEW YORK ( TheStreet) -- Westar Energy (NYSE: WR) hit a new 52-week high Wednesday as it is currently trading at $27.99, above its previous 52-week high of $27.98 with 98,355 shares traded as of 10:34 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Westar Energy has a market cap of $3.2 billion and is part of the utilities sector and utilities industry. Shares are up 10.4% year to date as of the close of trading on Tuesday.

Westar Energy, Inc., an electric utility company, engages in the generation, transmission, and distribution of electricity. It produces electricity through various sources, including coal, wind, nuclear, natural gas, oil, and diesel. The company has a P/E ratio of 14.8, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Westar Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Westar Energy Ratings Report.

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