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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) -- American Electric Power (NYSE: AEP) hit a new 52-week high Friday as it is currently trading at $50.05, above its previous 52-week high of $50.04 with 2.1 million shares traded as of 3:55 p.m. ET. Average volume has been 2.7 million shares over the past 30 days. American Electric has a market cap of $23.98 billion and is part of the utilities sector and utilities industry. Shares are up 15.9% year to date as of the close of trading on Thursday. American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. The company generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. The company has a P/E ratio of 19, above the S&P 500 P/E ratio of 17.7.