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NEW YORK ( TheStreet) -- Pinnacle West Capital Corporation (NYSE: PNW) hit a new 52-week high Wednesday as it is currently trading at $53.39, above its previous 52-week high of $53.38 with 135,277 shares traded as of 12:15 p.m. ET. Average volume has been 756,600 shares over the past 30 days. Pinnacle West has a market cap of $5.81 billion and is part of the utilities sector and utilities industry. Shares are up 10.1% year to date as of the close of trading on Tuesday. Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. The company has a P/E ratio of 17.2, below the average utilities industry P/E ratio of 17.4 and below the S&P 500 P/E ratio of 17.7.