NEW YORK ( TheStreet) -- Alliant Energy Corporation (NYSE: LNT) hit a new 52-week high Wednesday as it is currently trading at $43.26, above its previous 52-week high of $43.02 with 63,815 shares traded as of 10:14 a.m. ET. Average volume has been 738,800 shares over the past 30 days.

Alliant Energy has a market cap of $4.64 billion and is part of the utilities sector and utilities industry. Shares are up 16.7% year to date as of the close of trading on Tuesday.

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 15.8, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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.

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