NEW YORK ( TheStreet) -- Northeast Utilities (NYSE: NU) hit a new 52-week high Monday as it is currently trading at $37.69, above its previous 52-week high of $37.64 with 175,383 shares traded as of 10:05 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Northeast Utilities has a market cap of $11.63 billion and is part of the utilities sector and utilities industry. Shares are up 0.4% year to date as of the close of trading on Friday.

Northeast Utilities, a public utility holding company, provides energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and Massachusetts. The company has a P/E ratio of 17.3, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Northeast Utilities as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels 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 Northeast Utilities Ratings Report.

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