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NEW YORK ( TheStreet) -- Cleco Corporation (NYSE: CNL) hit a new 52-week high Monday as it is currently trading at $41.91, above its previous 52-week high of $41.88 with 98,746 shares traded as of 10:40 a.m. ET. Average volume has been 410,200 shares over the past 30 days. Cleco has a market cap of $2.51 billion and is part of the utilities sector and utilities industry. Shares are up 8% year to date as of the close of trading on Friday. Cleco Corporation operates as a utility holding company primarily in Louisiana. The company has a P/E ratio of 12.6, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.