NEW YORK (

TheStreet

) --

Alliant Energy Corporation

(NYSE:

LNT

) hit a new 52-week high Friday as it is currently trading at $44.45, above its previous 52-week high of $44.40 with 25,944 shares traded as of 9:55 a.m. ET. Average volume has been 717,000 shares over the past 30 days.

Alliant Energy has a market cap of $4.88 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 20.5% year to date as of the close of trading on Thursday.

Alliant Energy Corporation, a utility holding company, provides regulated electricity and natural gas services to residential, commercial, and industrial customers in the Midwest United States. The company has a P/E ratio of 16.6, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Alliant Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Alliant Energy Ratings Report

.

See all

52-week high stocks

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.

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