Alliant Energy Corporation (LNT) is Downgraded by Barclays to Equal Weight, Price Target at $39

Alliant Energy Corporation (LNT) was Downgraded by Barclays to ” Equal Weight” and the brokerage firm has set the Price Target at $39. Earlier the firm had a rating of “Overweight ” on the company shares. Barclays advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on Alliant Energy Corporation. Company shares were Reiterated by Argus on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 77 from a previous price target of $67 .

On the company’s financial health, Alliant Energy Corporation reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 5, 2015. Analyst had a consensus of $1.53. The company had revenue of $898.90 million for the quarter, compared to analysts expectations of $1093.82 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.

Alliant Energy Corporation opened for trading at $38.86 and hit $39.49 on the upside on Thursday, eventually ending the session at $39.42, with a gain of 1.39% or 0.54 points. The heightened volatility saw the trading volume jump to 10,93,769 shares. Company has a market cap of $8,953 M.

In a different news, on May 10, 2016, Deborah B. Dunie (director) purchased 1,000 shares at $73.11 per share price. According to the SEC, on Mar 4, 2016, Thomas L Hanson (Senior Vice President, CFO) sold 7,500 shares at $68.15 per share price. On Feb 29, 2016, John O Larsen (Senior Vice President) sold 3,000 shares at $69.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa Wisconsin and Minnesota. The Company’s business segments are 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). The utility business segment includes utility electric operations utility gas operations and utility other which includes steam operations and the unallocated portions of the utility business. The Company’s Non-regulated Parent and Other segment includes the operations of Alliant Energy Resources LLC (Resources) and its subsidiaries; Alliant Energy Corporate Services Inc. (Corporate Services); the Alliant Energy parent company and any Alliant Energy parent company consolidating adjustments.

Alliant Energy Corporation

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