Northeast Utilities Stock Hits New 52-Week High (NU)

NEW YORK ( TheStreet) -- Northeast Utilities (NYSE: NU) hit a new 52-week high Thursday as it is currently trading at $36.57, above its previous 52-week high of $36.55 with 429,306 shares traded as of 12:20 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Northeast Utilities has a market cap of $6.12 billion and is part of the utilities sector and utilities industry. Shares are up 0.5% year to date as of the close of trading on Wednesday.

Northeast Utilities, a public utility holding company, provides electric and natural gas energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company has a P/E ratio of 16.2, above the average utilities industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Northeast Utilities as a buy. Among the primary strengths of the company is its 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 Northeast Utilities Ratings Report.

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