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NEW YORK ( TheStreet) -- Wisconsin Energy Corporation (NYSE: WEC) hit a new 52-week high Wednesday as it is currently trading at $38.96, above its previous 52-week high of $38.92 with 891,726 shares traded as of 2:15 p.m. ET. Average volume has been 1.4 million shares over the past 30 days. Wisconsin Energy has a market cap of $8.89 billion and is part of the utilities sector and utilities industry. Shares are up 8.4% year to date as of the close of trading on Tuesday. Wisconsin Energy Corporation engages in the generation, distribution, and sale of electric energy and steam. The company also involves in the purchase, distribution, and sale of natural gas to retail customers, as well as in the transportation of customer-owned natural gas in Wisconsin. The company has a P/E ratio of 17.5, above the average utilities industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 17.7.