Deborah B. Dunie Purchases 1,250 Shares of Alliant Energy Co. (LNT) Stock
Alliant Energy Co. (NYSE:LNT) Director Deborah B. Dunie bought 1,250 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were acquired at an average price of $43.80 per share, for a total transaction of $54,750.00. Following the completion of the transaction, the director now directly owns 12,300 shares in the company, valued at approximately $538,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Alliant Energy stock opened at $43.84 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.64. Alliant Energy Co. has a 1-year low of $36.84 and a 1-year high of $45.55. The stock has a market capitalization of $10.25 billion, a P/E ratio of 22.72, a PEG ratio of 3.74 and a beta of 0.22.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). Alliant Energy had a return on equity of 11.35% and a net margin of 14.14%. The firm had revenue of $816.10 million during the quarter, compared to analysts’ expectations of $789.73 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts expect that Alliant Energy Co. will post 2.13 EPS for the current fiscal year.
Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Wells Fargo & Co upped their target price on shares of Alliant Energy from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday. Wolfe Research cut shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a research report on Monday, August 13th. UBS Group upped their target price on shares of Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Finally, Howard Weil assumed coverage on shares of Alliant Energy in a research report on Tuesday, July 24th. They set a “sector perform” rating and a $44.00 target price on the stock. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.33.
About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.
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