NEW YORK ( TheStreet) -- Progress Energy (NYSE: PGN) hit a new 52-week high Monday as it is currently trading at $60.96, above its previous 52-week high of $60.94 with 902,011 shares traded as of 10:50 a.m. ET. Average volume has been 2.8 million shares over the past 30 days. Progress Energy has a market cap of $17.81 billion and is part of the utilities sector and utilities industry. Shares are up 7.4% year to date as of the close of trading on Friday. Progress Energy, Inc., a utility holding company, engages in the generation, transmission, distribution, and sale of electricity in North Carolina, South Carolina, and Florida. The company has a P/E ratio of 33.4, above the average utilities industry P/E ratio of 32.9 and above the S&P 500 P/E ratio of 17.7.
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