News articles about Alliant Energy (NYSE:LNT) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Alliant Energy earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.4857129582768 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
LNT traded down $0.31 during trading on Friday, reaching $41.02. 2,155,282 shares of the company were exchanged, compared to its average volume of 1,937,840. The company has a market cap of $9,561.96, a P/E ratio of 21.53, a PEG ratio of 3.70 and a beta of 0.31. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.32. Alliant Energy has a 52 week low of $36.84 and a 52 week high of $45.55.
Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.03). The business had revenue of $856.10 million during the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a return on equity of 11.11% and a net margin of 13.82%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. research analysts anticipate that Alliant Energy will post 2.11 earnings per share for the current year.
Alliant Energy announced that its Board of Directors has initiated a stock repurchase program on Monday, January 15th that allows the company to repurchase shares. This repurchase authorization allows the utilities provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
LNT has been the subject of several research reports. Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. UBS initiated coverage on Alliant Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price target for the company. Guggenheim reiterated a “hold” rating and set a $43.00 target price on shares of Alliant Energy in a report on Wednesday, January 3rd. Finally, Wells Fargo lowered Alliant Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.83.
In related news, SVP James H. Gallegos sold 5,000 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $39.80, for a total value of $199,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by corporate insiders.
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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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