Press coverage about Alliant Energy (NYSE:LNT) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. 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 0.14 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.9134570419455 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have recently weighed in on LNT. Wells Fargo & Co lowered shares of Alliant Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Bank of America began coverage on shares of Alliant Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective for the company. Guggenheim restated a “hold” rating and set a $43.00 price objective on shares of Alliant Energy in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.17.
Shares of Alliant Energy (NYSE LNT) traded down $0.31 on Friday, hitting $39.53. 1,642,836 shares of the company’s stock traded hands, compared to its average volume of 1,330,881. Alliant Energy has a one year low of $36.56 and a one year high of $45.55. The firm has a market capitalization of $9,211.18, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.94 and a beta of 0.46. 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 announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.13). Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. The firm had revenue of $907.00 million during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business earned $0.80 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. sell-side analysts forecast that Alliant Energy will post 1.96 EPS 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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