Alliant Energy Corporation (NASDAQ: LNT) has reported E.P.S. of $0.34 for its second fiscal quarter (ending June 30) versus $0.64 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.45 compared to $2.61 a year ago.
Recent Price Action
Alliant Energy Corporation (NASDAQ: LNT) stock closed at $56.61 on 8/1/24 after an increase of 1.7%. Moreover, this advance was accompanied by above average trading volume at 134% of normal. The stock has risen 1.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
LNT is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Alliant Energy has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Alliant Energy has a neutral Power Rating of 53 and a neutral Appreciation Score of 58, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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