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NEW YORK ( TheStreet) -- CMS Energy (NYSE: CMS) hit a new 52-week high Friday as it is currently trading at $21, above its previous 52-week high of $20.83 with 247,512 shares traded as of 9:36 a.m. ET. Average volume has been 3.8 million shares over the past 30 days. CMS Energy has a market cap of $5.2 billion and is part of the utilities sector and utilities industry. Shares are up 11.4% year to date as of the close of trading on Thursday. CMS Energy Corporation, through its subsidiaries, operates as an energy company primarily in Michigan. It operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity. The company has a P/E ratio of 12.9, below the average utilities industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7.