Alliant Energy Co. (NASDAQ:LNT) has been given an average recommendation of \"Hold\" by analysts due to sluggish earnings and an overall underperformance in the Utilities Sector. Despite declaring a quarterly
common stock dividend and maintaining a top-ranked SAFE dividend stock status with a
3.4% yield, Barclays and BMO lowered their price targets for the stock. However, the company highlighted progress in their recently released Corporate Responsibility Report. Block sales by a number of entities are noted, but these were offset by acquisitions by organizations such as Principal Financial Group Inc and abrdn plc. In addition to this, a US contract was secured with
Energy Dome for a commercial-scale deployment of its CO2 Battery. Alliant’s Q3 earnings and revenues topped estimates, and Zacks Research subsequently boosted their FY2024 EPS forecast. However, Q2 performance lagged, causing concern among investors. The current price target set by brokerage firms is $63.28, yet instances of the company’s stock hitting 52-week highs have been recorded. Alliant Energy remains a popular choice among institutional investors, holding 80% of the company’s stock, and is considered a stable pick for long-term investors.
Alliant Energy Stocks LNT News Analytics from Thu, 28 Jun 2018 01:16:03 GMT to Sat, 16 Nov 2024 08:59:44 GMT -
Rating -1
- Innovation 0
- Information 7
- Rumor -4
