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NEW YORK ( TheStreet) -- Cleco Corporation (NYSE: CNL) hit a new 52-week high Thursday as it is currently trading at $41.32, above its previous 52-week high of $41.29 with 37,772 shares traded as of 10:05 a.m. ET. Average volume has been 401,200 shares over the past 30 days. Cleco has a market cap of $2.47 billion and is part of the utilities sector and utilities industry. Shares are up 6.4% year to date as of the close of trading on Wednesday. Cleco Corporation operates as a utility holding company primarily in Louisiana. The company has a P/E ratio of 12.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.