Bank of America just raised its EUR/USD forecast
Alliant Energy (NASDAQ:LNT) Corp’s stock reached an all-time high of 66.77 USD, marking a significant milestone for the company. With a market capitalization of $17.13 billion and a beta of 0.53, the utility company demonstrates strong stability. According to InvestingPro, the stock has maintained dividend payments for an impressive 55 consecutive years, currently offering a 3.07% yield. Over the past year, the stock has experienced a notable increase, with a 1-year change of 15.14%, supported by steady revenue growth of 4.59%. This upward trend reflects positive investor sentiment and confidence in the company’s performance and future prospects. The achievement of this all-time high underscores Alliant Energy’s strong market position and the effectiveness of its strategic initiatives in the energy sector. InvestingPro analysis reveals 8 additional key insights about Alliant Energy’s financial health and growth prospects.
In other recent news, Alliant Energy’s second-quarter results have drawn significant attention from analysts, leading to multiple adjustments in stock price targets. BofA Securities increased its price target to $70, noting the company’s adjusted operating earnings per share of $0.68, which surpassed both consensus and its own estimates. Similarly, Mizuho (NYSE:MFG) raised its target to $70, highlighting Alliant Energy’s reaffirmation of its 2025 EPS guidance range of $3.15-$3.25 and its EPS compound annual growth rate of 5%-7%. BMO Capital adjusted its target to $68, acknowledging the company’s quarterly earnings per share that exceeded both their estimate and the consensus expectation.
Jefferies set a higher price target of $74, emphasizing Alliant Energy’s potential repositioning of its EPS CAGR guidance to 6-8%+. Wolfe Research, while maintaining an Underperform rating, raised its target to $72, citing Alliant Energy’s significant position in the regulated renewables sector. The company’s earnings growth is partially attributed to its wind and solar operations, which account for approximately 27% of its earnings. These recent developments reflect a positive outlook on Alliant Energy’s financial performance and strategic positioning in the utility sector.
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