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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) -- Northeast Utilities (NYSE: NU) hit a new 52-week high Wednesday as it is currently trading at $42.89, above its previous 52-week high of $42.80 with 249,297 shares traded as of 10:51 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Northeast Utilities has a market cap of $13.32 billion and is part of the utilities sector and utilities industry. Shares are up 8.5% year to date as of the close of trading on Tuesday. 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 22.4, above the S&P 500 P/E ratio of 17.7.