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NEW YORK ( TheStreet) -- ONEOK (NYSE: OKE) hit a new 52-week high Friday as it is currently trading at $45.11, above its previous 52-week high of $44.81 with 666,317 shares traded as of 11:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. ONEOK has a market cap of $8.96 billion and is part of the utilities sector and utilities industry. Shares are up 0.6% year to date as of the close of trading on Thursday. ONEOK, Inc., a diversified energy company, engages in the gathering, processing, storage, and transportation of natural gas and natural gas liquids in the United States. The company operates through three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. The company has a P/E ratio of 27.1, above the average utilities industry P/E ratio of 26 and above the S&P 500 P/E ratio of 17.7.