NEW YORK ( TheStreet) -- CMS Energy (NYSE: CMS) hit a new 52-week high Thursday as it is currently trading at $22.32, above its previous 52-week high of $22.30 with 843,905 shares traded as of 3:15 p.m. ET. Average volume has been 2.9 million shares over the past 30 days.

CMS Energy has a market cap of $5.63 billion and is part of the utilities sector and utilities industry. Shares are up 19.1% year to date as of the close of trading on Wednesday.

CMS Energy Corporation, through its subsidiaries, operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The company has a P/E ratio of 14.6, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CMS Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full CMS Energy Ratings Report.

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