Sempra Energy Reaches New 52-Week High (SRE)

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) -- Sempra Energy (NYSE: SRE) hit a new 52-week high Tuesday as it is currently trading at $76.93, above its previous 52-week high of $76.50 with 121,833 shares traded as of 9:41 a.m. ET. Average volume has been 959,200 shares over the past 30 days.

Sempra Energy has a market cap of $18.29 billion and is part of the utilities sector and utilities industry. Shares are up 6.6% year to date as of the close of trading on Friday.

Sempra Energy, through its subsidiaries, operates as an energy services company. The company has a P/E ratio of 30.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Sempra Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Sempra Energy Ratings Report.

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