Alliant Energy Corporation with ticker code (LNT) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 66 and 60 calculating the mean target price we have 62.78. Given that the stocks previous close was at 58.66 this is indicating there is a potential upside of 7.0%. The 50 day MA is 59.18 while the 200 day moving average is 58.09. The market capitalisation for the company is $14,987m. You can visit the company’s website by visiting: https://www.alliantenergy.com
The potential market cap would be $16,039m based on the market concensus.
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa. Alliant Energy Corporation, through its other subsidiary, Wisconsin Power and Light Company (WPL), generates and distributes electricity, and distributes and transports natural gas to retail customers in Wisconsin; and sells electricity to wholesale customers in Wisconsin. As of December 31, 2020, IPL supplied electric and natural gas service to approximately 495,000 and 225,000 retail customers respectively; and WPL supplied electric and natural gas service to approximately 480,000 and 195,000 retail customers, respectively. It serves retail customers in the farming, agriculture, industrial manufacturing, chemical, and packaging and food industries. In addition, the company owns and operates a short-line rail freight service in Iowa; a barge, rail, and truck freight terminal on the Mississippi River; and a rail-served warehouse in Cedar Rapids, Iowa, as well as offers freight brokerage and logistics management services. Further, it holds interests in a 347 megawatt (MW) natural gas-fired electric generating unit near Sheboygan Falls, Wisconsin; and a 225 MW wind farm located in Oklahoma. The company was incorporated in 1981 and is headquartered in Madison, Wisconsin.
