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NEW YORK ( TheStreet) -- CPFL Energy (NYSE: CPL) hit a new 52-week high Wednesday as it traded at $81.89 compared with its previous 52-Week high of $81.79. CPFL Energy is changing hands at $81.84 with 67,569 shares traded as of 3:16 p.m. ET. Average volume has been 127,400 shares over the past 30 days. CPFL Energy has a market cap of $12.9 billion and is part of the utilities sector and utilities industry. Shares are up 6.2% year to date as of the close of trading on Tuesday. CPFL Energia S.A., through its subsidiaries, engages in the generation, distribution, and sale of electricity in Brazil. It also procures and sells electricity to free consumers, other commercialization companies, and distribution utilities, as well as provides electricity-related services. The company has a P/E ratio of 17.4, above the average utilities industry P/E ratio of 14.1 and above the S&P 500 P/E ratio of 16.1.