Alliant Energy Corporation (NASDAQ:LNT) has been on a significant streak with its continuous dividend payouts, achieving its 318th quarter in a row. This includes a dividend increase for Q1 2024, further solidifying its standing in the market. The company also reported a notable 32% return for its investors over the past year. Buyers should expect further improvement as Jefferies and BMO have increased the price target for Alliant Energy's stock. Through the strategic acquisition of shares by State Street Corp, the latter now belongs to the 82% institutional ownership of Alliant Energy. In Q4, Alliant outdid earnings estimates and reported a year-over-year increase in revenues. However, it has been pointed out as potentially overpriced and its credit rating was downgraded due to weak financial metrics. Still, there are many promising signs such as a 2-for-1 stock split and the appointment of Patrick Allen as Independent Board Chair for 2025. Despite uncertainties, one thing is sure: Alliant Energy is keen to outperform its competition.
Alliant Energy Stocks LNT News Analytics from Sat, 16 May 2009 01:26:49 GMT to Fri, 18 Apr 2025 05:30:36 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 2
