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 Wednesday as it is currently trading at $79.78, above its previous 52-week high of $79.75 with 245,901 shares traded as of 12:37 p.m. ET. Average volume has been 882,500 shares over the past 30 days.

Sempra Energy has a market cap of $19.16 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.

Sempra Energy, through its subsidiaries, operates as an energy services company. The company's San Diego Gas & Electric Company segment is involved in the generation, transmission, and distribution electricity; and sale, distribution, and transportation of natural gas in California. The company has a P/E ratio of 22.6, 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, increase in net income, revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Sempra Energy Ratings Report.

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