NEW YORK ( TheStreet) -- Xcel Energy (NYSE: XEL) hit a new 52-week high Wednesday as it is currently trading at $29.13, above its previous 52-week high of $29.12 with 1.3 million shares traded as of 1 p.m. ET. Average volume has been three million shares over the past 30 days.

Xcel Energy has a market cap of $14.07 billion and is part of the utilities sector and utilities industry. Shares are up 4.5% year to date as of the close of trading on Tuesday.

Xcel Energy Inc., through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electricity in the United States. The company generates electricity using coal, natural gas, nuclear, hydro, solar, waste, biomass, oil, and wind energy sources. The company has a P/E ratio of 17.2, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Xcel Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Xcel Energy Ratings Report.

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