Alliant Energy Corporation – Consensus Indicates Potential 9.5% Upside

Broker Ratings

Alliant Energy Corporation which can be found using ticker (LNT) have now 8 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 64 and 52 with the average target price sitting at $57.00. Now with the previous closing price of $52.06 this is indicating there is a potential upside of 9.5%. There is a 50 day moving average of $53.42 and the 200 moving average now moves to $56.26. The market capitalization for the company is $13,335m. Company Website:

The potential market cap would be $14,601m based on the market consensus.

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Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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. 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 Iowa, as well as offers freight brokerage services. Further, it holds interests in a natural gas-fired electric generating unit near Sheboygan Falls, Wisconsin; and a wind farm located in Oklahoma. Alliant Energy Corporation was incorporated in 1981 and is headquartered in Madison, Wisconsin.

The company has a dividend yield of 3.48% with the ex dividend date set at 30-1-2023 (DMY).

Other points of data to note are a P/E ratio of 19.1, revenue per share of 16.76 and a 2.91% return on assets.

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