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NEW YORK ( TheStreet) -- Northeast Utilities (NYSE: NU) hit a new 52-week high Thursday as it is currently trading at $36.57, above its previous 52-week high of $36.55 with 429,306 shares traded as of 12:20 p.m. ET. Average volume has been 1.7 million shares over the past 30 days. Northeast Utilities has a market cap of $6.12 billion and is part of the utilities sector and utilities industry. Shares are up 0.5% year to date as of the close of trading on Wednesday. Northeast Utilities, a public utility holding company, provides electric and natural gas energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company has a P/E ratio of 16.2, above the average utilities industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7.