NEW YORK ( TheStreet) -- Northeast Utilities (NYSE: NU) hit a new 52-week high Friday as it is currently trading at $39.50, above its previous 52-week high of $39.30 with 38,119 shares traded as of 9:40 a.m. ET. Average volume has been 2.1 million shares over the past 30 days. Northeast Utilities has a market cap of $12.18 billion and is part of the utilities sector and utilities industry. Shares are up 7.7% year to date as of the close of trading on Thursday. Northeast Utilities, a public utility holding company, provides energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and Massachusetts. The company has a P/E ratio of 18.1, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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