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NEW YORK ( TheStreet) -- CPFL Energy (NYSE: CPL) hit a new 52-week high Monday as it is currently trading at $89.61, above its previous 52-week high of $89.49 with 300,802 shares traded as of 1:57 p.m. ET. Average volume has been 141,600 shares over the past 30 days. CPFL Energy has a market cap of $13.9 billion and is part of the utilities sector and utilities industry. Shares are up 13.1% year to date as of the close of trading on Friday. CPFL Energia S.A., through its subsidiaries, engages in the generation, distribution, and sale of electricity in Brazil. It generates electricity through hydroelectric, thermal, biomass, and wind power plants. The company has a P/E ratio of 18.8, above the average utilities industry P/E ratio of 14.8 and above the S&P 500 P/E ratio of 16.4.