Alliant Energy Corporation (NASDAQ:LNT) has experienced varying performances recently. The stock experienced a 52-week high of $62.59, buoyed by robust growth. However, it has also underperformed in comparison to competitors. Several investment firms such as Natixis Advisors LLC and Massachusetts Financial Services Co. MA have increased their stakes in Alliant Energy, displaying some level of institutional trust. Despite this, certain financial pundits suggest there could be troubles brewing for the company, citing sluggish earnings and potential future problems.
Q3 earnings exceeded expectations and a common stock dividend has been declared. The company also announced it was a top-ranked SAFE Dividend Stock with a yield of 3.4%, but even with this, the stock is ostensibly underperforming the utilities sector. A novel partnership with Energy Dome for the deployment of its CO2 Battery demonstrates a measure of innovation, yet concerns over balance sheet strains persist and questions over debt management arise. Even then, the company maintains a favorite status among institutional investors who own 80% of its holdings. Target prices have been lowered by BMO and Barclays, raising questions about overall market performance and valuation.
Alliant Energy Stocks LNT News Analytics from Sun, 15 Oct 2017 05:24:56 GMT to Sat, 23 Nov 2024 14:50:37 GMT - Rating 0 - Innovation 2 - Information 6 - Rumor 0
