Media headlines about Alliant Energy Corporation (NYSE:LNT) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alliant Energy Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.3686781107352 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of analysts recently weighed in on the company. Jefferies Group LLC restated a “hold” rating and issued a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. Barclays PLC restated an “equal weight” rating and issued a $43.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. BidaskClub downgraded Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Thursday, June 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Alliant Energy Corporation has a consensus rating of “Hold” and a consensus price target of $42.20.
Shares of Alliant Energy Corporation (NYSE LNT) opened at 42.90 on Monday. The firm has a market capitalization of $9.91 billion, a P/E ratio of 25.32 and a beta of 0.42. The firm’s 50-day moving average price is $42.18 and its 200-day moving average price is $40.68. Alliant Energy Corporation has a one year low of $34.88 and a one year high of $43.69.
Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The firm had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Alliant Energy Corporation will post $2.01 earnings per share for the current year.
In related news, insider Wayne A. Reschke sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $42.83, for a total transaction of $85,660.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.33% of the stock is owned by insiders.
About Alliant Energy Corporation
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
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