NEW YORK ( TheStreet) -- Black Hills Corporation (NYSE: BKH) hit a new 52-week high Friday as it is currently trading at $34.91, above its previous 52-week high of $34.85 with 56,170 shares traded as of 10:29 a.m. ET. Average volume has been 291,700 shares over the past 30 days.

Black Hills has a market cap of $1.34 billion and is part of the utilities sector and utilities industry. Shares are up 1.1% year to date as of the close of trading on Thursday.

Black Hills Corporation, together with its subsidiaries, operates as a diversified energy company primarily in the United States. The company operates through six segments: Electric Utilities, Gas Utilities, Oil and Gas, Coal Mining, Energy Marketing, and Power Generation. The company has a P/E ratio of 23.3, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Black Hills 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 Black Hills Ratings Report.

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