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NEW YORK ( TheStreet) -- New Jersey Resources Corporation (NYSE: NJR) hit a new 52-week high Monday as it is currently trading at $47.51, above its previous 52-week high of $47.45 with 165,381 shares traded as of three p.m. ET. Average volume has been 242,300 shares over the past 30 days. New Jersey has a market cap of $1.9 billion and is part of the utilities sector and utilities industry. Shares are up 5.3% year to date as of the close of trading on Friday. New Jersey Resources Corporation provides retail and wholesale energy services. It operates in two segments, Natural Gas Distribution and Energy Services. The company has a P/E ratio of 17.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.