Alliant Energy (LNT) Receiving Somewhat Positive Media Coverage, Report Finds

Headlines about Alliant Energy (NYSE:LNT) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alliant Energy earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.9497370380687 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Alliant Energy (NYSE LNT) opened at $38.42 on Friday. The firm has a market capitalization of $9,180.00, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35. Alliant Energy has a 1 year low of $36.84 and a 1 year high of $45.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.51.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.335 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, January 30th. This represents a $1.34 annualized dividend and a dividend yield of 3.49%. Alliant Energy’s payout ratio is 72.43%.

Alliant Energy declared that its board has authorized a stock buyback program on Monday, January 15th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the utilities provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

A number of brokerages recently issued reports on LNT. Wells Fargo & Co lowered Alliant Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Bank of America initiated coverage on Alliant Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 target price on the stock. Guggenheim reaffirmed a “hold” rating and set a $43.00 price target on shares of Alliant Energy in a research report on Wednesday, January 3rd. Finally, UBS Group initiated coverage on Alliant Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.80.

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About Alliant Energy

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.

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