Alliant Energy (LNT) Earns Coverage Optimism Score of 0.06

Headlines about Alliant Energy (NYSE:LNT) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alliant Energy earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.1838724312778 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Alliant Energy stock traded up $0.33 during trading hours on Thursday, hitting $39.99. 125,842 shares of the stock traded hands, compared to its average volume of 1,983,947. Alliant Energy has a one year low of $36.84 and a one year high of $45.55. The company has a market capitalization of $9,180.22, a P/E ratio of 20.67, a PEG ratio of 3.55 and a beta of 0.37. The company has a current ratio of 0.42, a quick ratio of 0.32 and a debt-to-equity ratio of 0.96.

Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $856.10 million for 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. equities research analysts predict that Alliant Energy will post 2.11 earnings per share for the current year.

Alliant Energy declared that its board has authorized a share buyback plan on Monday, January 15th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the utilities provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

LNT has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. UBS started coverage on shares of Alliant Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $40.00 target price for the company. Guggenheim reissued a “hold” rating and set a $43.00 target price on shares of Alliant Energy in a research note on Wednesday, January 3rd. Finally, Wells Fargo downgraded shares of Alliant Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.83.

In related news, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $39.80, for a total transaction of $199,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by insiders.

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Alliant Energy 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.

Insider Buying and Selling by Quarter for Alliant Energy (NYSE:LNT)

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