Allspring Global Investments Holdings LLC is increasing its stake in
Alliant Energy Co. (NASDAQ: LNT), despite a recent stall in returns on capital at the company. LNT has declared multiple quarterly common stock dividends, and announced Q3 of 2024 earnings release and the corresponding conference call. Nonetheless, certain analysts are questioning whether LNT is underperforming the utilities sector. LNT’s stock recently hit a 52-week high of $61.09, however missed Q2 earnings and revenue estimates. Wall Street’s opinion seems polarised regarding bullish or bearish views on LNT.
Eagle Ridge Investment Management purchased more shares, while UMB Bank n.a. decreased its position. Amidst mixed reviews, the price target for Alliant Energy has been raised to $66.00 by several brokerages. Recent data show
Alliant Energy Corporation as a favourite among 80% institutional investors, however three-year investment returns are in the red. Finally, despite a recent stock rise, it continues to underperform the market. Nonetheless, Alliant Energy was named by TIME as one of the
Best Mid-Size Companies in America.
Alliant Energy Stocks LNT News Analytics from Mon, 17 Sep 2012 07:00:00 GMT to Sat, 26 Oct 2024 07:42:38 GMT -
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- Innovation -3
- Information 5
- Rumor -2
