Alliant Energy Corporation (NYSE:LNT) Earning Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Alliant Energy Corporation (NYSE:LNT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alliant Energy Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- What’s in the Cards for Alliant Energy (LNT) in Q2 Earnings? (nasdaq.com)
- What's in the Cards for Alliant Energy (LNT) in Q2 Earnings? (finance.yahoo.com)
- Commit To Purchase Alliant Energy Corp At $37.50, Earn 2.8% Annualized Using Options (nasdaq.com)
- The Alliant Energy Corporation (LNT) Scheduled to Post Quarterly Earnings on Monday (latribunadecanarias.com)
- Brokers Issue New Targets On Alliant Energy Corporation (NYSE:LNT) (footballhebdo.com)
Shares of Alliant Energy Corporation (LNT) traded up 0.34% on Thursday, hitting $41.09. 1,147,746 shares of the stock traded hands. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $42.19. The firm’s 50 day moving average is $40.73 and its 200-day moving average is $39.67. The company has a market cap of $9.36 billion, a PE ratio of 25.05 and a beta of 0.41.
Alliant Energy Corporation (NYSE:LNT) last released its earnings results on Wednesday, May 3rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $853.90 million during the quarter. Alliant Energy Corporation had a net margin of 11.58% and a return on equity of 11.36%. Equities analysts predict that Alliant Energy Corporation will post $2.00 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio is currently 75.90%.
Several equities research analysts have issued reports on LNT shares. Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Friday, May 19th. BidaskClub cut shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Barclays PLC reaffirmed an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Jefferies Group LLC started coverage on shares of Alliant Energy Corporation in a research note on Friday, May 26th. They set a “hold” rating and a $42.00 target price on the stock. Finally, UBS AG reaffirmed a “neutral” rating and set a $42.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $42.17.
In related news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corporation stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total value of $206,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Deborah B. Dunie bought 3,700 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average cost of $39.61 per share, for a total transaction of $146,557.00. Following the transaction, the director now owns 11,050 shares of the company’s stock, valued at approximately $437,690.50. The disclosure for this purchase can be found here. 0.33% of the stock is currently 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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