Scotiabank analyst Andrew Weisel reiterated a Buy rating on Alliant Energy (LNT – Research Report) today and set a price target of $64.00. The company’s shares closed last Friday at $57.74.
According to TipRanks, Weisel is a 4-star analyst with an average return of 9.4% and a 68.32% success rate. Weisel covers the Utilities sector, focusing on stocks such as Alliant Energy, Centerpoint Energy, and FirstEnergy.
In addition to Scotiabank, Alliant Energy also received a Buy from Wells Fargo’s Neil Kalton in a report issued today. However, on October 25, Mizuho Securities maintained a Hold rating on Alliant Energy (NASDAQ: LNT).
The company has a one-year high of $62.49 and a one-year low of $46.80. Currently, Alliant Energy has an average volume of 1.27M.
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Alliant Energy (LNT) Company Description:
Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through two segments: Utility and Non-utility, Parent and Other. The utility segment consists of Interstate Power and Light Co. and Wisconsin Power & Light Co. The Interstate Power & Light Co. is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in Iowa and southern Minnesota. The Wisconsin Power and Light Co. is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in southern and central Wisconsin. The Non-utility, Parent and Other segment includes the operations of Resources and its subsidiaries, Corporate Services, the Alliant Energy parent company, and any Alliant Energy parent company consolidating adjustments. The company was founded in 1981 and is headquartered in Madison, WI.
Read More on LNT:
- Alliant Energy price target lowered to $65 from $66 at Wells Fargo
- Alliant Energy Reports Strong Third Quarter Results
- Alliant Energy increases 2025 annual dividend target 6% to $2.03 per share
- Alliant Energy sees FY24 CapEx $2.025B, FY25 CapEx $2.205B
- Alliant Energy reports Q3 adjusted EPS $1.20, consensus $1.10