Alliant Energy Corp (NYSE:LNT) shares traded 1.15% up during most recent session to reach at the closing price of $44.74. The stock exchanged hands 1.91 Million shares versus average trading capacity of 1.96 Million shares, yielding a market cap of $10.76 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $44.5 within the next 52-weeks. The mean target projections are based on 9 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Alliant Energy Corp (NYSE:LNT) high price target of $47 and with a conservative view have low price target of $41.
Wells Fargo “Upgrades” Alliant Energy Corp (NYSE:LNT) in a research note issued to investors on 1/30/19 to Outperform with price target of $49.
Additionally on 1/18/19 Barclays “Initiates Coverage On” Alliant Energy Corp (NYSE:LNT) to Equal-Weight setting price target at $45 and on 11/21/18 Bank of America “Downgrades” the stock to Underperform at $0. Furthermore on 11/08/18 Wells Fargo “Maintained” the stock to Market Perform at $48.
On the other hand the company has Relative Strength Index (RSI 14) of 60.14 along with Average True Range (ATR 14) of 0.83, Consequently Alliant Energy Corp (NYSE:LNT)’s weekly and monthly volatility is 1.72%, 1.87% respectively. The company’s beta value is at 0.32.
In terms of Buy, Sell or Hold recommendations, Alliant Energy Corp (NYSE:LNT) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Alliant Energy Corp (NYSE:LNT)’s minimum EPS for the current quarter is at $0.33 and can go high up to $0.38. The consensus mean EPS for the current quarter is at $0.35 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.33 earnings per share for the same quarter during last year.
Previously Alliant Energy Corp (NYSE:LNT) reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The company posted an earnings surprise of 1.2%.
Alliant Energy Corp (NYSE:LNT)’s revenue estimates for the current quarter are $853.56 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $960.3 Million in contradiction of low revenue estimates of $746.82 Million. For the current year the company’s revenue estimates are $3.49 Billion compared to low analyst estimates of $3.41 Billion and high estimates of $3.62 Billion according to 7 number of analysts.
Currently Alliant Energy Corp (NYSE:LNT)’s shares owned by insiders are 0.15%, whereas shares owned by institutional owners are 73.6%. However the six-month change in the insider ownership was recorded 0.35%, as well as three-month change in the institutional ownership was recorded -0.07%.
Alliant Energy Corp (NYSE:LNT)’s trailing twelve month revenues are $3.52 Billion, whereas its price to sales ratio for the same period is 3.06. Its book value per share for the most recent quarter is $19.43 while its price to book ratio for the same period is 2.3, as for as the company’s cash per share for the most recent quarter is $1, however its price to cash per share ratio for the same period is 44.9. The stock has 5 year expected PEG ratio of 2.86 whereas its trailing twelve month P/E ratio is 20.75.