Alliant Energy Corp. Downgraded to Equal Weight at Barclays (LNT)
Alliant Energy Corp. (NYSE:LNT) was downgraded by stock analysts at Barclays to an “equal weight” rating in a report issued on Monday, American Banking News reports.
Separately, analysts at Macquarie raised their price target on shares of Alliant Energy Corp. from $54.00 to $56.00 in a research note to investors on Tuesday, November 12th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.50.
Shares of Alliant Energy Corp. (NYSE:LNT) opened at 50.69 on Monday. Alliant Energy Corp. has a 52 week low of $44.87 and a 52 week high of $54.18. The stock has a 50-day moving average of $51.80 and a 200-day moving average of $51.21. The company has a market cap of $5.624 billion and a price-to-earnings ratio of 15.58.
Alliant Energy Corp. (NYSE:LNT) last announced its earnings results on Thursday, November 7th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.34 by $0.09. The company had revenue of $866.60 million for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that Alliant Energy Corp. will post $3.22 earnings per share for the current fiscal year.
Alliant Energy Corporation (NYSE:LNT) operates as a regulated investor-owned public utility holding company.
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