Press coverage about Alliant Energy (NYSE:LNT) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alliant Energy earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.8486680014903 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several analysts have weighed in on LNT shares. Guggenheim reiterated a “hold” rating and issued a $43.00 price objective on shares of Alliant Energy in a research report on Wednesday, January 3rd. Wells Fargo & Co cut Alliant Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Zacks Investment Research cut Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Bank of America started coverage on Alliant Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $42.17.
Shares of Alliant Energy (NYSE:LNT) traded down $0.31 during mid-day trading on Friday, reaching $39.53. The company had a trading volume of 1,631,100 shares, compared to its average volume of 1,594,911. The stock has a market capitalization of $9,190.00, a PE ratio of 21.37, a price-to-earnings-growth ratio of 3.03 and a beta of 0.47. Alliant Energy has a 12 month low of $36.56 and a 12 month high of $45.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.51.
Alliant Energy (NYSE:LNT) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.13). The firm had revenue of $907.00 million during the quarter, compared to analysts’ expectations of $1.23 billion. Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. Alliant Energy’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. equities research analysts predict that Alliant Energy will post 1.96 earnings per share for the current year.
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About Alliant Energy
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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