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NEW YORK ( TheStreet) -- CMS Energy (NYSE: CMS) hit a new 52-week high Friday as it is currently trading at $22.42, above its previous 52-week high of $22.40 with 1.3 million shares traded as of 1:40 p.m. ET. Average volume has been 2.8 million shares over the past 30 days. CMS Energy has a market cap of $5.71 billion and is part of the utilities sector and utilities industry. Shares are down 0.2% 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. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The company has a P/E ratio of 14.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.