Northeast Utilities Reaches New 52-Week High (NU)

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) -- Northeast Utilities (NYSE: NU) hit a new 52-week high Tuesday as it is currently trading at $41.41, above its previous 52-week high of $41.40 with 1.4 million shares traded as of 3:11 p.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Northeast Utilities has a market cap of $12.85 billion and is part of the utilities sector and utilities industry. Shares are up 4.8% 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 20.9, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Northeast Utilities as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Northeast Utilities Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Why Nu Skin Enterprises (NU) Stock is Advancing Today

Boomerang Tube Wants to Swap $214 Million in Debt for Equity

3 Stocks Pushing The Utilities Sector Downward

New Lifetime High Today: Northeast Utilities (NU)

Northeast Utilities Becomes #87 Most Shorted S&P 500 Component, Replacing Lam Research