Alliant Energy Corporation (NASDAQ:LNT), holds a strong
institutional backing with 83% ownership. The company continues to perform well in
Earnings Reports, topped revenue estimates in Q1 and projected a positive outlook with its scheduled Q2 earnings report around August.
Jefferies recently upgraded Alliant Energy's stock rating and raised the target to $71, pointing to the stock's strong potential. Furthermore, the company continues to offer steady
dividend growth and defensive stability, with a long streak of quarterly payouts. There will be a significant cash influx due to the recent announcement of a $1.3 billion stock sale plan and a $500 million convertible notes offer. Given these strong financial signals and performance data, Alliant Energy appears to be outperforming even the S&P 500. However, some concerns have been raised about certain issues beyond the promising earnings, leading to
BMO Capital cutting the stock's target to $64. A unique point to note is that Alliant Energy is leveraging its investment in renewable expansion, which may significantly impact its future trajectory.
Alliant Energy Stocks LNT News Analytics from Tue, 18 Dec 2018 08:00:00 GMT to Thu, 10 Jul 2025 11:31:09 GMT -
Innovation -4
- Information 7
- Rumor -6
