Northeast Utilities Stock Hits New 52-Week High (NU)
Northeast Utilities (NYSE:NU) hit a new 52-week high Thursday as it is currently trading at $43.08, above its previous 52-week high of $43.05 with 221,557 shares traded as of 10:27 a.m. ET. Average volume has been 1.6 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) -- Northeast Utilities (NYSE: NU) hit a new 52-week high Thursday as it is currently trading at $43.08, above its previous 52-week high of $43.05 with 221,557 shares traded as of 10:27 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Northeast Utilities has a market cap of $13.47 billion and is part of the utilities sector and utilities industry. Shares are up 9.7% year to date as of the close of trading on Wednesday. Northeast Utilities, a public utility company, through its subsidiaries, engages in the energy delivery business. It operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Other. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Northeast Utilities as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures 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.