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.
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TheStreet Ratings rates CMS Energy as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full CMS Energy Ratings Report.

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