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NEW YORK ( TheStreet) -- Hawaiian Electric Industries (NYSE: HE) hit a new 52-week high Thursday as it is currently trading at $27.13, above its previous 52-week high of $27 with 143,433 shares traded as of 10:05 a.m. ET. Average volume has been 412,300 shares over the past 30 days. Hawaiian Electric has a market cap of $2.59 billion and is part of the utilities sector and utilities industry. Shares are up 1.1% year to date as of the close of trading on Wednesday. Hawaiian Electric Industries, Inc., through its subsidiaries, primarily engages in electric utility and banking businesses primarily in Hawaii. The company has a P/E ratio of 17.3, below the average utilities industry P/E ratio of 17.5 and below the S&P 500 P/E ratio of 17.7.