Dominion Resources (NYSE:D) hit a new 52-week high Thursday as it is currently trading at $57.20, above its previous 52-week high of $57.19 with 417,183 shares traded as of 11:27 a.m. ET. Average volume has been two million shares over the past 30 days.
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) -- Dominion Resources (NYSE: D) hit a new 52-week high Thursday as it is currently trading at $57.20, above its previous 52-week high of $57.19 with 417,183 shares traded as of 11:27 a.m. ET. Average volume has been two million shares over the past 30 days. Dominion has a market cap of $32.52 billion and is part of the utilities sector and utilities industry. Shares are up 9.5% year to date as of the close of trading on Wednesday. Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. The company has a P/E ratio of 99, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Dominion as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Dominion 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.