NEW YORK ( TheStreet) -- Alliant Energy Corporation (NYSE: LNT) hit a new 52-week high Tuesday as it traded at $39.45 compared with its previous 52-Week high of $39.40. Alliant Energy is changing hands at $39.47 with 12,203 shares traded as of 9:30 a.m. ET. Average volume has been 504,600 shares over the past 30 days. Alliant Energy has a market cap of $4.3 billion and is part of the utilities sector and utilities industry. Shares are up 7.1% year to date as of the close of trading on Monday. Alliant Energy Corporation operates in electric and gas utility businesses in the United States. The company has a P/E ratio of 14, below the average utilities industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 21.8. TheStreet Ratings rates Alliant Energy as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, notable return on equity, solid stock price performance and reasonable 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 Alliant Energy Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.