Alliant Energy Corporation (LNT) Given News Impact Rating of 0.18
Headlines about Alliant Energy Corporation (NYSE:LNT) have trended somewhat positive on Thursday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news 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 Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.9157953320115 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
LNT has been the subject of a number of analyst reports. BidaskClub downgraded shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.25.
Shares of Alliant Energy Corporation (NYSE:LNT) opened at 42.66 on Thursday. The company has a market cap of $9.86 billion, a P/E ratio of 25.18 and a beta of 0.42. The company’s 50 day moving average is $42.44 and its 200 day moving average is $41.05. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $43.69.
Alliant Energy Corporation (NYSE:LNT) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating the Zacks’ 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 company had revenue of $765.30 million during the quarter, compared to analysts’ expectations of $725.92 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. Alliant Energy Corporation’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.
In related news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $42.83, for a total transaction of $85,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
Alliant Energy Corporation Company Profile
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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