Alliant Energy has entered a stock distribution deal worth $1.3 billion and reported impressive quarterly earnings that top estimates. Despite Barclays cutting the company's stock rating, they increased the price target to $61. Alliant Energy also continues to offer dividend growth and announced its 318th consecutive quarterly payout. Nevertheless, analysts evaluate the stock's returns as being weighed down. Alliant Energy is heavily dominated by institutional owners owning 82% of the shares. Wall Street analysts appear bullish on Alliant Energy stock, but its price seems out of tune with earnings. There a significant leadership transition in the company, with Patrick Allen named as the Independent Board Chair. Despite a downgrade in Alliant Energy's credit rating, Jefferies increased the stock's price target to $70. The company has also undertaken multiple power supply deals with data centers. However, Alliant Energy stocks are facing a slump and are considered potentially overpriced. Alliant Energy is about to release its earnings and has seen an increase in holdings from JPMorgan Chase & Co. Several retirement system entities have reduced their stakes.
Alliant Energy Stocks LNT News Analytics from Tue, 18 Dec 2018 08:00:00 GMT to Fri, 09 May 2025 21:50:14 GMT -
Rating 5
- Innovation -3
- Information 6
- Rumor -4
