Alliant Energy Corporation – Consensus Indicates Potential 8.0% Upside

Broker Ratings

Alliant Energy Corporation found using ticker (LNT) have now 9 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 66 and 59 calculating the average target price we see 62.11. Given that the stocks previous close was at 57.52 this would indicate that there is a potential upside of 8.0%. The day 50 moving average is 60.44 and the 200 day moving average is 57.22. The company has a market capitalisation of $14,395m. Visit the company website at: http://www.alliantenergy.com

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 in three segments: Utility Electric Operations, Utility Gas Operations, and Utility 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. Alliant Energy Corporation, through its other subsidiary, Wisconsin Power and Light Company (WPL), generates and distributes electricity, and distributes and transports natural gas to retail customers in Wisconsin; and sells electricity to wholesale customers in Wisconsin. As of December 31, 2020, IPL supplied electric and natural gas service to approximately 495,000 and 225,000 retail customers respectively; and WPL supplied electric and natural gas service to approximately 480,000 and 195,000 retail customers, respectively. It serves retail customers in the farming, agriculture, industrial manufacturing, chemical, and packaging and food industries. In addition, the company owns and operates a short-line rail freight service in Iowa; a barge, rail, and truck freight terminal on the Mississippi River; and a rail-served warehouse in Cedar Rapids, Iowa, as well as offers freight brokerage and logistics management services. Further, it holds interests in a 347 megawatt (MW) natural gas-fired electric generating unit near Sheboygan Falls, Wisconsin; and a 225 MW wind farm located in Oklahoma. The company was incorporated in 1981 and is headquartered in Madison, Wisconsin.

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