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NEW YORK ( TheStreet) -- MGE Energy (Nasdaq: MGEE) hit a new 52-week high Thursday as it is currently trading at $47.35, above its previous 52-week high of $47.23 with 1,256 shares traded as of 9:43 a.m. ET. Average volume has been 66,900 shares over the past 30 days. MGE Energy has a market cap of $1.09 billion and is part of the utilities sector and utilities industry. Shares are up 9.8% year to date as of the close of trading on Wednesday. MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company. It engages in generating, purchasing, transmitting, and distributing electricity. The company generates electricity from coal, natural gas, fuel oil, and renewable sources, as well as purchased power. 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.