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NEW YORK ( TheStreet) -- Spectra Energy (NYSE: SE) hit a new 52-week high Thursday as it is currently trading at $29.28, above its previous 52-week high of $29.24 with 353,437 shares traded as of 9:46 a.m. ET. Average volume has been five million shares over the past 30 days. Spectra Energy has a market cap of $18.3 billion and is part of the basic materials sector and energy industry. Shares are up 15.2% year to date as of the close of trading on Wednesday. Spectra Energy Corp, through its subsidiaries, engages in the ownership and operation of a portfolio of complementary natural gas-related energy assets in the United States and Canada. The company operates in four segments: U.S. The company has a P/E ratio of 15.9, above the average energy industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.