Spectra Energy Rises On Unusually High Volume (SE)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Spectra Energy (NYSE: SE) is trading at unusually high volume Wednesday with 9.7 million shares changing hands. It is currently at two times its average daily volume and trading up $1.04 (+3.7%) at $29.30 as of 4 p.m. ET.

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Spectra Energy has a market cap of $18.27 billion and is part of the basic materials sector and energy industry. Shares are up 2.2% year to date as of the close of trading on Tuesday.

Spectra Energy Corp engages in the ownership and operation of a portfolio of natural gas-related energy assets in North America. The company's U.S. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Spectra Energy as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Spectra Energy Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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