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Alliant Energy Corp has reached an all-time high with its stock price hitting 68.52 USD, marking a significant milestone for this $17.61 billion market cap utility company. According to InvestingPro analysis, the stock has demonstrated remarkably low volatility with a beta of 0.54. This milestone reflects a significant upward trend, with the stock delivering an impressive 17.27% return year-to-date and maintaining a steady 3% dividend yield. The achievement of this all-time high indicates strong investor confidence and positive market sentiment towards Alliant Energy, which has notably raised its dividend for 21 consecutive years. InvestingPro’s Fair Value analysis suggests the stock may be trading above its intrinsic value. As the company continues to navigate the evolving energy landscape, this stock performance underscores its strategic positioning within the industry, trading at a P/E ratio of 21.14. Discover more insights about Alliant Energy and access additional ProTips with a comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Alliant Energy has seen a series of positive developments concerning its financial performance and analyst evaluations. The company reported second-quarter adjusted earnings per share of $0.68, surpassing both consensus and several analyst estimates, including those from BofA Securities and BMO Capital, which had projected $0.64 and $0.62, respectively. This performance led to multiple analysts raising their price targets for Alliant Energy. BofA Securities increased its target to $70.00, citing strong quarterly results, while Mizuho also raised its target to $70.00, highlighting the company’s data center growth and reaffirmation of its 2025 EPS guidance range of $3.15-$3.25.
Additionally, Jefferies raised its price target to $74.00, maintaining a Buy rating and expecting Alliant Energy to adjust its future earnings guidance. Wolfe Research adjusted its price target to $72.00, noting Alliant Energy’s significant position in the regulated renewables sector, despite maintaining an Underperform rating. BMO Capital also raised its price target to $68.00 following the earnings report, which demonstrated a notable year-over-year earnings growth of approximately 19%. These developments reflect a strong quarter for Alliant Energy, with analysts recognizing its performance and potential in the energy sector.
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