Alliant Energy Corpo Rating Increased to Outperform at Robert W. Baird (LNT)
Alliant Energy Corpo (NYSE: LNT) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $49.00 target price on the stock, up from their previous target price of $44.00.
Shares of Alliant Energy Corpo traded down 0.71% during mid-day trading on Monday, hitting $44.45. Alliant Energy Corpo has a one year low of $33.91 and a one year high of $45.67. The company has a market cap of $4.932 billion and a P/E ratio of 18.69.
Alliant Energy Corpo last issued its quarterly earnings data on Friday, May 4th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.14. On average, analysts predict that Alliant Energy Corpo will post $1.31 earnings per share next quarter.
A number of other firms have also recently commented on LNT. Analysts at Bank of America (NYSE: BAC) raised their price target on shares of Alliant Energy Corpo from $44.00 to $45.00 in a research note to investors on Monday, May 7th. Separately, analysts at Ladenburg Thalmann downgraded shares of Alliant Energy Corpo from a “buy” rating to a “neutral” rating in a research note to investors on Monday, May 7th. Finally, analysts at Wunderlich downgraded shares of Alliant Energy Corpo from a “buy” rating to a “hold” rating in a research note to investors on Monday, May 7th. They now have a $45.00 price target on the stock, down previously from $47.00.
Alliant Energy Corporation (Alliant Energy) operates as a regulated investor-owned public utility holding company.