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NEW YORK ( TheStreet) -- Piedmont Natural Gas Company (NYSE: PNY) hit a new 52-week high Friday as it is currently trading at $34.67, above its previous 52-week high of $34.51 with 23,063 shares traded as of 9:59 a.m. ET. Average volume has been 359,400 shares over the past 30 days. Piedmont Natural Gas has a market cap of $2.46 billion and is part of the utilities sector and utilities industry. Shares are up 23.1% year to date as of the close of trading on Thursday. Piedmont Natural Gas Company, Inc., an energy services company, distributes natural gas to residential, commercial, industrial, and power generation customers in portions of North Carolina, South Carolina, and Tennessee. The company has a P/E ratio of 21.7, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.