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NEW YORK ( TheStreet) -- Nicor (NYSE: GAS) hit a new 52-week high Wednesday as it is currently trading at $56.08, above its previous 52-week high of $56.07 with 40,245 shares traded as of 11:23 a.m. ET. Average volume has been 263,700 shares over the past 30 days. Nicor has a market cap of $2.5 billion and is part of the utilities sector and utilities industry. Shares are up 11.5% year to date as of the close of trading on Tuesday. Nicor Inc., through its subsidiaries, engages in natural gas distribution business in the United States. The company distributes natural gas to approximately 2.2 million residential, commercial, and industrial customers in northern Illinois. The company has a P/E ratio of 20.8, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.