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Alliant Energy (NASDAQ:LNT) Corp’s stock reached an all-time high, climbing to 66.55 USD. This milestone reflects a significant upward trend, as the company’s stock has seen a 20.39% increase over the past year. According to InvestingPro data, the utility company, now valued at $17.05 billion, offers a solid 3.1% dividend yield and has maintained dividend payments for 55 consecutive years. This impressive growth underscores investor confidence and the company’s robust performance in the energy sector. With analyst price targets ranging from $60 to $70 and a P/E ratio of 22.9, InvestingPro analysis suggests the stock is currently trading above its Fair Value. As Alliant Energy continues to expand its operations and focus on sustainable energy solutions, the stock’s upward trajectory highlights the market’s positive response to its strategic initiatives. For deeper insights into Alliant Energy’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Alliant Energy has declared a quarterly dividend of $0.5075 per share, continuing its long-standing tradition of consistent dividend payments. This dividend will be payable on August 15, 2025, to shareholders of record as of July 31, 2025. Jefferies has made adjustments to its outlook on Alliant Energy, lowering the price target to $69.00 due to uncertainties surrounding tax credits for renewable energy projects, although the firm maintains a Buy rating. In contrast, Wolfe Research has upgraded Alliant Energy’s stock rating from Peerperform to Outperform, citing improved clarity on tax credits and setting a price target of $68.00. Furthermore, Jefferies had previously upgraded the stock from Hold to Buy, raising the price target to $71, influenced by promising developments and potential customer growth related to tax credits. The company also reported the outcomes of its recent annual shareholder meeting, where votes were cast on director elections, executive compensation, and the appointment of the independent accounting firm. These developments provide investors with various perspectives on Alliant Energy’s current and future prospects.
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