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NEW YORK ( TheStreet) -- Spectra Energy (NYSE: SE) hit a new 52-week high Monday as it is currently trading at $32.02, above its previous 52-week high of $31.98 with 879,752 shares traded as of 11:20 a.m. ET. Average volume has been 3.6 million shares over the past 30 days. Spectra Energy has a market cap of $20.48 billion and is part of the basic materials sector and energy industry. Shares are up 2.6% year to date as of the close of trading on Friday. Spectra Energy Corp, through its subsidiaries, engages in the ownership and operation of a portfolio of complementary natural gas-related energy assets in the United States and Canada. The company operates in four segments: U.S. The company has a P/E ratio of 17.5, above the average energy industry P/E ratio of 16.9 and below the S&P 500 P/E ratio of 17.7.