Alliant Energy (NYSE:LNT) Earns Coverage Optimism Rating of 0.10

News coverage about Alliant Energy (NYSE:LNT) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alliant Energy earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.6265156278301 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of analysts have recently weighed in on the company. Zacks Investment Research cut Alliant Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Wells Fargo reiterated a “market perform” rating and set a $43.00 price target (down from $47.00) on shares of Alliant Energy in a research report on Monday, February 26th. UBS assumed coverage on Alliant Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $40.00 price target on the stock. Finally, Guggenheim reiterated a “hold” rating and set a $43.00 price target on shares of Alliant Energy in a research report on Wednesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.83.

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LNT traded down $0.08 during trading hours on Tuesday, hitting $40.71. The company’s stock had a trading volume of 419,430 shares, compared to its average volume of 1,957,183. Alliant Energy has a fifty-two week low of $36.84 and a fifty-two week high of $45.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.32. The stock has a market cap of $9,453.22, a P/E ratio of 21.28, a P/E/G ratio of 3.66 and a beta of 0.31.

Alliant Energy (NYSE:LNT) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Alliant Energy had a net margin of 13.82% and a return on equity of 11.11%. The business had revenue of $856.10 million during the quarter, compared to analyst estimates of $896.94 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. equities analysts anticipate that Alliant Energy will post 2.11 EPS for the current year.

Alliant Energy announced that its board has approved a stock repurchase plan on Monday, January 15th that allows the company to repurchase outstanding shares. This repurchase authorization allows the utilities provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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