Alliant Energy Short Interest Up 62.6% in April (LNT)
Alliant Energy (NYSE:LNT) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 1,842,799 shares, an increase of 62.6% from the April 15th total of 1,133,207 shares, Stock Ratings Network reports. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 582,089 shares, the short-interest ratio is currently 3.2 days.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Alliant Energy from $54.00 to $59.00 in a research note on Monday, May 5th. Separately, analysts at Macquarie raised their price target on shares of Alliant Energy from $56.00 to $59.00 in a research note on Thursday, April 10th. They now have an “outperform” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Alliant Energy from $60.00 to $62.00 in a research note on Thursday, April 10th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $59.17.
Alliant Energy (NYSE:LNT) opened at 57.09 on Monday. Alliant Energy has a 1-year low of $46.79 and a 1-year high of $60.12. The stock’s 50-day moving average is $57.46 and its 200-day moving average is $53.86. The company has a market cap of $6.333 billion and a price-to-earnings ratio of 15.93.
Alliant Energy (NYSE:LNT) last released its earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.14. The company had revenue of $952.80 million for the quarter, compared to the consensus estimate of $850.66 million. During the same quarter last year, the company posted $0.72 earnings per share. Alliant Energy’s revenue was up 10.8% compared to the same quarter last year. On average, analysts predict that Alliant Energy will post $3.51 earnings per share for the current fiscal year.
Alliant Energy Corporation (NYSE:LNT) operates as a regulated investor-owned public utility holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.