Alliant Energy Corp. (LNT) Stock Price Down 2.4%
Alliant Energy Corp. (NYSE:LNT)’s share price traded down 2.4% during mid-day trading on Friday . The stock traded as low as $37.86 and last traded at $37.92, with a volume of 865,802 shares traded. The stock had previously closed at $38.87.
Several equities analysts recently issued reports on the company. Argus restated a “buy” rating on shares of Alliant Energy Corp. in a research note on Saturday, June 4th. Zacks Investment Research upgraded Alliant Energy Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Monday, July 11th. Finally, Barclays PLC cut Alliant Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $39.00 price objective on the stock. in a research note on Friday, June 10th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Alliant Energy Corp. presently has an average rating of “Buy” and a consensus price target of $38.75.
The firm has a market cap of $8.62 billion and a P/E ratio of 21.81. The company’s 50-day moving average price is $39.51 and its 200 day moving average price is $37.28.
Alliant Energy Corp. (NYSE:LNT) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The business earned $754.60 million during the quarter, compared to the consensus estimate of $593.06 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts predict that Alliant Energy Corp. will post $1.89 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were given a $0.2938 dividend. This represents a $1.18 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Wednesday, July 27th.
In other Alliant Energy Corp. news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corp. stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $40.29, for a total value of $201,450.00. The sale was disclosed in a filing with the SEC, which is available through this link.
An institutional investor recently raised its position in Alliant Energy Corp. stock. BlackRock Advisors LLC raised its stake in Alliant Energy Corp. (NYSE:LNT) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 235,561 shares of the company’s stock after buying an additional 20,493 shares during the period. BlackRock Advisors LLC owned about 0.21% of Alliant Energy Corp. worth $14,711,000 as of its most recent filing with the SEC.
Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are 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).
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