NEW YORK ( TheStreet) -- Nstar (NYSE: NST) hit a new 52-week high Tuesday as it is currently trading at $48.87, above its previous 52-week high of $48.66 with 144,998 shares traded as of 3:30 p.m. ET. Average volume has been 364,500 shares over the past 30 days. Nstar has a market cap of $4.63 billion and is part of the utilities sector and utilities industry. Shares are up 3.5% year to date as of the close of trading on Monday. NSTAR, through its subsidiaries, engages in sale, distribution, and transmission of electricity and natural gas to commercial, industrial, and residential customers in Massachusetts. The company has a P/E ratio of 18.6, above the average utilities industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Nstar as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Nstar Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
Nstar (NYSE:NST) hit a new 52-week high Monday as it is currently trading at $47.62, above its previous 52-week high of $47.59 with 124,806 shares traded as of 1:47 p.m. ET. Average volume has been 364,500 shares over the past 30 days.
The ex-dividend date for Nstar (NYSE:NST) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $46.80 as of 9:30 a.m., the dividend yield is 3.8%.