In a report released today, Nicholas Campanella from Barclays initiated coverage with a Buy rating on Alliant Energy (LNT – Research Report) and a price target of $55.00. The company’s shares closed last Friday at $51.78.
According to TipRanks, Campanella is a 4-star analyst with an average return of 5.8% and a 55.81% success rate. Campanella covers the Utilities sector, focusing on stocks such as Duke Energy, Alliant Energy, and Ameren.
Currently, the analyst consensus on Alliant Energy is a Moderate Buy with an average price target of $53.40, representing a 3.13% upside. In a report released on September 7, BMO Capital also maintained a Buy rating on the stock with a $54.00 price target.
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LNT market cap is currently $13.09B and has a P/E ratio of 19.79.
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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.
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