Wisconsin Energy Reaches New 52-Week High (WEC)

NEW YORK ( TheStreet) -- Wisconsin Energy Corporation (NYSE: WEC) hit a new 52-week high Wednesday as it is currently trading at $39.50, above its previous 52-week high of $39.46 with 154,430 shares traded as of 10:15 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Wisconsin Energy has a market cap of $8.92 billion and is part of the utilities sector and utilities industry. Shares are up 11.6% year to date as of the close of trading on Tuesday.

Wisconsin Energy Corporation generates and distributes electric energy, as well as distributes natural gas. It generates electricity from coal, natural gas, wind, and hydro sources. The company has a P/E ratio of 17.6, above the average utilities industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Wisconsin Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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 Wisconsin Energy Ratings Report.

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