News headlines about Alliant Energy (NYSE:LNT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Alliant Energy earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.1838724312778 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Alliant Energy (NYSE LNT) traded up $0.24 during midday trading on Wednesday, reaching $39.54. 1,926,646 shares of the company were exchanged, compared to its average volume of 1,985,313. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.32 and a current ratio of 0.42. The stock has a market cap of $9,140.00, a PE ratio of 19.97, a P/E/G ratio of 3.51 and a beta of 0.37. Alliant Energy has a one year low of $36.84 and a one year high of $45.55.
Alliant Energy (NYSE:LNT) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $856.10 million during the quarter, compared to analysts’ expectations of $896.94 million. Alliant Energy had a return on equity of 11.11% and a net margin of 13.82%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. research analysts anticipate that Alliant Energy will post 2.11 earnings per share for the current year.
Alliant Energy declared that its board has approved a stock repurchase program on Monday, January 15th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the utilities provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
LNT has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Guggenheim restated a “hold” rating and set a $43.00 price target on shares of Alliant Energy in a research note on Wednesday, January 3rd. Wells Fargo & Co cut shares of Alliant Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Finally, UBS Group started coverage on shares of Alliant Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $40.00 price objective on the stock. Seven investment 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 $42.83.
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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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