Monthly Stock Report: Alliant Energy Corporation (LNT)
Publication Date: September 22, 2024
Company Overview
Alliant Energy Corporation (LNT), headquartered in Madison, Wisconsin, serves as a prominent utility holding company that provides regulated electricity and natural gas services across the United States. The company operates through three primary segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. Subsidiaries like Interstate Power and Light Company and Wisconsin Power and Light Company cater to various retail and wholesale customers in multiple states. Beyond its foundational utility services, Alliant Energy is also involved in freight services and renewable energy initiatives, making it a notable player in the Utilities sector, specifically within the Electric Utilities sub-industry. With a strong market presence, Alliant Energy demonstrates a promising financial outlook that supports a “buy” recommendation amid steady demand for energy and adherence to regulatory standards.
Financial Performance
Alliant Energy has demonstrated robust financial health, reporting total revenue of approximately $3.96 billion. This figure underscores the company’s ability to generate income within a regulated market framework. Analysts project a target high price of $67.00 for the stock, indicating substantial upside potential from its current trading level of $59.72. The stock’s performance is reinforced by its proximity to a 52-week high of $60.67, which showcases a significant upward trajectory since hitting a 52-week low of $45.15. With 256,500,000 shares outstanding and only 6,847,432 shares shorted—accounting for about 0.0306% of the float—the modest short interest reflects positive sentiment among investors. Additionally, the fifty-day moving average of $57.18 supports the overall bullish outlook on the stock’s trajectory.
Analyst Insights
Consensus among analysts remains optimistic, with an average target price established at $59.93. The target range includes a high of $67.00 and a low of $52.00, reinforcing bullish expectations about Alliant Energy’s stock performance. A mean recommendation score of 2.4 derived from 11 analysts indicates a widespread endorsement for investors to consider purchasing shares. This positive sentiment, coupled with the stock’s recent performance trends, suggests that Alliant Energy is well-positioned for potential price appreciation in the coming months.
As Alliant Energy navigates the energy sector with strategic initiatives and reliable service offerings, its stock appears to be a compelling option for investors looking to capitalize on opportunities within the utilities landscape.
| Metric | Value |
|---|---|
| Market Cap | $15.3b |
| Total Debt | $9.8b |
| Total Cash | $92.0m |
| Shares Outstanding | 256.5m |
| Float Shares | 255.8m |
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