NEW YORK ( TheStreet) -- Williams Partners (NYSE: WPZ) hit a new 52-week high Thursday as it is currently trading at $58.93, above its previous 52-week high of $57.97 with 1,600 shares traded as of 9:31 a.m. ET. Average volume has been 356,400 shares over the past 30 days. Williams has a market cap of $16.5 billion and is part of the basic materials sector and chemicals industry. Shares are up 23.3% year to date as of the close of trading on Wednesday. Williams Partners L.P. focuses on natural gas transportation, gathering, treating and processing, storage, natural gas liquid fractionation, and oil transportation activities in the United States. The company operates in two segments, Gas Pipeline, and Midstream Gas and Liquids. The company has a P/E ratio of 18.1, above the average chemicals industry P/E ratio of 14.4 and above the S&P 500 P/E ratio of 17.7.
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