News stories about Alliant Energy (NYSE:LNT) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. 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 media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.6461083079944 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research firms have recently commented on LNT. Wells Fargo & Co restated a “market perform” rating and issued a $43.00 price target (down previously from $47.00) on shares of Alliant Energy in a report on Monday, February 26th. UBS Group began coverage on shares of Alliant Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $40.00 price objective for the company. Guggenheim reiterated a “hold” rating and set a $43.00 price objective on shares of Alliant Energy in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $42.83.
Shares of Alliant Energy (LNT) traded up $0.22 during midday trading on Wednesday, reaching $39.52. 245,869 shares of the company were exchanged, compared to its average volume of 1,947,759. 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 capitalization of $9,071.48, a P/E ratio of 19.75, a PEG ratio of 3.51 and a beta of 0.37. Alliant Energy has a 12-month low of $36.84 and a 12-month high of $45.55.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.03). The company had revenue of $856.10 million for the quarter, compared to analysts’ expectations of $896.94 million. Alliant Energy had a net margin of 13.82% and a return on equity of 11.11%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. equities analysts predict that Alliant Energy will post 2.11 earnings per share for the current fiscal year.
Alliant Energy declared that its Board of Directors has authorized a stock buyback program on Monday, January 15th that authorizes the company to buyback shares. This buyback authorization authorizes the utilities provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were given a dividend of $0.335 per share. This is a boost from Alliant Energy’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a yield of 3.39%. The ex-dividend date was Tuesday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 67.34%.
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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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