NEW YORK ( TheStreet) -- OGE Energy (NYSE: OGE) hit a new 52-week high Friday as it is currently trading at $57.04, above its previous 52-week high of $56.99 with 7,610 shares traded as of 9:53 a.m. ET. Average volume has been 473,200 shares over the past 30 days.

OGE Energy has a market cap of $5.52 billion and is part of the utilities sector and utilities industry. Shares are up 24.8% year to date as of the close of trading on Thursday.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company has a P/E ratio of 16.6, above the average utilities industry P/E ratio of 8.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income 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 OGE Energy Ratings Report.

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