Alliant Energy Stock Hits New 52-Week High (LNT)

NEW YORK ( TheStreet) -- Alliant Energy Corporation (NYSE: LNT) hit a new 52-week high Tuesday as it is currently trading at $44.60, above its previous 52-week high of $44.57 with 347,307 shares traded as of 1:40 p.m. ET. Average volume has been 564,500 shares over the past 30 days.

Alliant Energy has a market cap of $4.77 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 Monday.

Alliant Energy Corporation, a utility holding company, provides regulated electricity and natural gas services to residential, commercial, and industrial customers in the Midwest region of the United States. The company has a P/E ratio of 15.9, above the average utilities industry P/E ratio of 15.7 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, growth in earnings per share, increase in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Alliant Energy Ratings Report.

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