Alliant Energy Corporation (LNT) is a prominent energy provider company that has been a hot topic among shareholders and investors. The company boasted continued earnings beats and regular dividend payouts, which make it attractive for dividend growth. However, it was recently downgraded by Barclays due to concerns over its renewable expansion plans. Despite this, Wall Street remains generally positive on Alliant's prospects. The company also leads in the dividend department with a 78 year streak and has even recently increased its payout. Financial experts have adjusted their estimates both upwards and downwards, following Alliant's recent financial performance. For instance, BMO Capital revised its target price to $64 while maintaining a steady rating, whereas Barclays suggested an increased price target to $61 but lowered its rating for the company. Alliant's shares largely lie in the hands of institutional owners, holding 82% of shares. This comes amidst leadership changes with the appointment of Patrick Allen as the Independent Board Chair. Like any other company, Alliant faces challenges, for example, it struggled to boost its returns, and recently, it faced a credit rating downgrade because of weak financial metrics. Despite these, the firm remains committed to growth with fresh deals with data centers and battery deployment initiatives.
Alliant Energy Stocks LNT News Analytics from Fri, 10 Jun 2016 07:00:00 GMT to Thu, 24 Apr 2025 06:51:40 GMT -
Rating 5
- Innovation -3
- Information 6
- Rumor -7
