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NEW YORK ( TheStreet) -- FirstEnergy (NYSE: FE) hit a new 52-week high Thursday as it is currently trading at $47.54, above its previous 52-week high of $47.52 with two million shares traded as of 10:40 a.m. ET. Average volume has been 2.9 million shares over the past 30 days. FirstEnergy has a market cap of $19.67 billion and is part of the utilities sector and utilities industry. Shares are up 6.3% year to date as of the close of trading on Wednesday. FirstEnergy Corp. operates as a diversified energy company. The company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company has a P/E ratio of 16.8, below the average utilities industry P/E ratio of 17.4 and below the S&P 500 P/E ratio of 17.7.