Sempra Energy Stock Hits New 52-Week High (SRE)

NEW YORK ( TheStreet) -- Sempra Energy (NYSE: SRE) hit a new 52-week high Wednesday as it is currently trading at $62.51, above its previous 52-week high of $62.50 with 1.3 million shares traded as of 2:05 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Sempra Energy has a market cap of $15 billion and is part of the utilities sector and utilities industry. Shares are up 13.3% year to date as of the close of trading on Tuesday.

Sempra Energy operates as an energy services holding company worldwide. The company operates utilities, develops new energy infrastructure, and provides energy-related services to approximately 31 million consumers worldwide. The company has a P/E ratio of 14, above the average utilities industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sempra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Sempra Energy Ratings Report.

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