Spectra Energy Reaches New 52-Week High (SE)

NEW YORK ( TheStreet) -- Spectra Energy (NYSE: SE) hit a new 52-week high Monday as it is currently trading at $34.97, above its previous 52-week high of $34.95 with 42,745 shares traded as of 9:30 a.m. ET. Average volume has been 4.1 million shares over the past 30 days.

Spectra Energy has a market cap of $23.1 billion and is part of the basic materials sector and energy industry. Shares are up 27.3% year to date as of the close of trading on Friday.

Spectra Energy Corp, through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company's U.S.

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TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Spectra Energy Ratings Report.

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