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NEW YORK ( TheStreet) -- UIL Holdings Corporation (NYSE: UIL) hit a new 52-week high Thursday as it is currently trading at $35, above its previous 52-week high of $34.90 with 26,100 shares traded as of 9:56 a.m. ET. Average volume has been 501,000 shares over the past 30 days. UIL has a market cap of $1.7 billion and is part of the utilities sector and utilities industry. Shares are up 16.3% year to date as of the close of trading on Wednesday. UIL Holdings Corporation, through its subsidiaries, operates in the energy sector in the United States. The company, through its subsidiary, The United Illuminating Company, engages in the transmission and delivery of electricity to its customers in 17 municipalities in southwest Connecticut. The company has a P/E ratio of 20.6, above the average utilities industry P/E ratio of 19.8 and above the S&P 500 P/E ratio of 17.7.