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NEW YORK ( TheStreet) -- CPFL Energy (NYSE: CPL) hit a new 52-week high Thursday as it traded at $87.28 compared with its previous 52-Week high of $86.04. CPFL Energy is changing hands at $86.86 with 179,461 shares traded as of 3:47 p.m. ET. Average volume has been 129,600 shares over the past 30 days. CPFL Energy has a market cap of $13.3 billion and is part of the utilities sector and utilities industry. Shares are up 11.7% year to date as of the close of trading on Wednesday. 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 18, above the average utilities industry P/E ratio of 14.6 and above the S&P 500 P/E ratio of 16.2.