Alliant Energy Corporation made several significant announcements, including the declaration of a quarterly common stock
dividend, a stock high of $61.09, and an expected Q3 2024 earnings release. They also announced the retirement of their Executive Chairman in 2025. Despite these positive steps,
Alliant's performance in the
utilities sector is called into question, with some believing it to be underperforming. Institutional investors, controlling approximately 80% of Alliant's shares, meticulously observe the company's actions. Alliant, however, missed Q2 earnings and revenue estimates, causing some investors to reconsider their positions. While investors are unsure whether to be bullish or bearish, analysts predict a potential rise in Alliant's value, with Wells Fargo raising Alliant Energy's price target to $66.00 and Barclays increasing it to $61.00. Despite setting a new 12-month high following an analyst upgrade, the company's stock remains in the red for those who invested three years ago. Alliant's balance sheet is described as 'strained', and some shareholders opted to decrease their positions. Finally, TIME named Alliant Energy among the 'Best Mid-Size Companies in America', while the firm announced the new
Upland Prairie Wind Farm project.
Alliant Energy Stocks LNT News Analytics from Fri, 29 Sep 2017 07:00:00 GMT to Thu, 17 Oct 2024 08:07:43 GMT -
Rating 2
- Innovation -1
- Information 7
- Rumor 3
