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NEW YORK ( TheStreet) -- Xcel Energy (NYSE: XEL) hit a new 52-week high Friday as it is currently trading at $29.35, above its previous 52-week high of $29.32 with 56,729 shares traded as of 9:35 a.m. ET. Average volume has been three million shares over the past 30 days. Xcel Energy has a market cap of $13.97 billion and is part of the utilities sector and utilities industry. Shares are up 5.4% year to date as of the close of trading on Thursday. Xcel Energy Inc., through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electricity in the United States. The company generates electricity using coal, natural gas, nuclear, hydro, solar, waste, biomass, oil, and wind energy sources. The company has a P/E ratio of 17.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.