Short Term Price Target on Alliant Energy Corporation (LNT)

Alliant Energy Corporation (NYSE:LNT) stock is expected to deviate a maximum of $0.71 from the average target price of $38.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $39 and the most muted being $38.

Shares of Alliant Energy Corporation rose by 2.32% in the last five trading days and 6.43% for the last 4 weeks. Alliant Energy Corporation is up 6.73% in the last 3-month period. Year-to-Date the stock performance stands at 29.44%.

Alliant Energy Corporation (NYSE:LNT) : 2 brokerage houses believe that Alliant Energy Corporation (NYSE:LNT) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Alliant Energy Corporation (NYSE:LNT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 2.2.

Alliant Energy Corporation (NYSE:LNT): The stock opened at $39.52 on Thursday but the bulls could not build on the opening and the stock topped out at $40.24 for the day. The stock traded down to $39.50 during the day, due to lack of any buying support eventually closed down at $39.70 with a loss of -0.30% for the day. The stock had closed at $39.82 on the previous day. The total traded volume was 51,880,821 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Alliant Energy Corp, Dunie Deborah B. had purchased shares worth of $73,110 in a transaction dated on May 10, 2016. A total of 1,000 shares were purchased at a price of $73.11 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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 Companys 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 Companys 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.

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