Alliant Energy SVP Sells $172,770 in Stock (LNT)
Alliant Energy (NYSE:LNT) SVP John O. Larsen unloaded 3,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $57.59, for a total transaction of $172,770.00. Following the completion of the sale, the senior vice president now directly owns 7,949 shares in the company, valued at approximately $457,783. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird downgraded shares of Alliant Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $60.00 price target on the stock. They noted that the move was a valuation call. Analysts at Argus raised their price target on shares of Alliant Energy from $59.00 to $66.00 in a research note on Thursday, July 3rd. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Alliant Energy has a consensus rating of “Buy” and a consensus price target of $60.83.
Shares of Alliant Energy (NYSE:LNT) traded up 0.41% on Thursday, hitting $58.22. The stock had a trading volume of 257,871 shares. Alliant Energy has a one year low of $48.17 and a one year high of $60.89. The stock’s 50-day moving average is $57.74 and its 200-day moving average is $56.93. The company has a market cap of $6.459 billion and a P/E ratio of 16.35.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.05. The company had revenue of $750.30 million for the quarter, compared to the consensus estimate of $717.42 million. During the same quarter last year, the company posted $0.59 earnings per share. Alliant Energy’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Alliant Energy will post $3.45 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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