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NEW YORK ( TheStreet) -- Enbridge (NYSE: ENB) hit a new 52-week high Wednesday as it is currently trading at $33.91, above its previous 52-week high of $33.73 with 124,310 shares traded as of 10:20 a.m. ET. Average volume has been 672,000 shares over the past 30 days. Enbridge has a market cap of $25.6 billion and is part of the basic materials sector and energy industry. Shares are up 17.5% year to date as of the close of trading on Tuesday. Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGLs), and refined products pipelines and terminals. The company has a P/E ratio of 21.2, below the average energy industry P/E ratio of 21.3 and above the S&P 500 P/E ratio of 17.7.