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NEW YORK ( TheStreet) -- New Jersey Resources Corporation (NYSE: NJR) hit a new 52-week high Tuesday as it is currently trading at $48.50, above its previous 52-week high of $48.47 with 41,391 shares traded as of 10:55 a.m. ET. Average volume has been 223,700 shares over the past 30 days. New Jersey has a market cap of $1.97 billion and is part of the utilities sector and utilities industry. Shares are up 9% year to date as of the close of trading on Monday. New Jersey Resources Corporation, an energy services holding company, provides retail and wholesale energy services. The company has a P/E ratio of 18.5, below the average utilities industry P/E ratio of 19.5 and above the S&P 500 P/E ratio of 17.7.