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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- CenterPoint Energy (NYSE: CNP) hit a new 52-week high Wednesday as it is currently trading at $21.72, above its previous 52-week high of $21.71 with 2.1 million shares traded as of 2:45 p.m. ET. Average volume has been three million shares over the past 30 days. CenterPoint Energy has a market cap of $9.15 billion and is part of the utilities sector and utilities industry. Shares are up 6.7% year to date as of the close of trading on Tuesday. CenterPoint Energy, Inc. operates as a public utility holding company. The company has a P/E ratio of 12, above the average utilities industry P/E ratio of 6.7 and below the S&P 500 P/E ratio of 17.7.