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NEW YORK ( TheStreet) -- UIL Holdings Corporation (NYSE: UIL) hit a new 52-week high Thursday as it is currently trading at $34.22, above its previous 52-week high of $34.18 with 15,990 shares traded as of 9:37 a.m. ET. Average volume has been 434,400 shares over the past 30 days. UIL has a market cap of $1.7 billion and is part of the utilities sector and utilities industry. Shares are up 13.8% year to date as of the close of trading on Wednesday. UIL Holdings Corporation, through its subsidiary, The United Illuminating Company, operates as a regulated utility company providing electricity and energy related services. It serves approximately 324,000 customers in the Greater New Haven and Bridgeport areas. The company has a P/E ratio of 17, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.