Media coverage about Alliant Energy (NYSE:LNT) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alliant Energy earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.4216499285572 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
LNT opened at $43.73 on Thursday. The firm has a market cap of $10.01 billion, a PE ratio of 22.66, a PEG ratio of 3.66 and a beta of 0.22. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 1.18. Alliant Energy has a one year low of $36.84 and a one year high of $45.55.
Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The firm had revenue of $816.10 million for the quarter, compared to analysts’ expectations of $789.73 million. Alliant Energy had a net margin of 14.14% and a return on equity of 11.35%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. sell-side analysts forecast that Alliant Energy will post 2.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Monday, July 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.06%. Alliant Energy’s dividend payout ratio (DPR) is currently 69.43%.
A number of equities research analysts have issued reports on LNT shares. Zacks Investment Research raised shares of Alliant Energy from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, May 28th. Howard Weil assumed coverage on shares of Alliant Energy in a research report on Tuesday, July 24th. They set a “sector perform” rating and a $44.00 price target for the company. UBS Group boosted their price target on shares of Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Finally, Wolfe Research lowered shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Alliant Energy has a consensus rating of “Hold” and a consensus price target of $44.67.
Alliant Energy Company Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.
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