Analyst Price Target Update on Alliant Energy Corporation (NYSE:LNT)

Alliant Energy Corporation (NYSE:LNT) should head towards $38.5 per share according to 2 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $38 per share. The higher price estimate target is at $39 according to the Analysts.

Many analysts have stated their opinion on the company shares. Barclays downgrades their rating on the shares of Alliant Energy Corporation (NYSE:LNT). The current rating of the shares is Equal-weight. Earlier, the shares were rated a Overweight by the brokerage firm. Equity Analysts at the Firm maintains the price target to $39 per share. The rating by the firm was issued on June 10, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Dunie Deborah B., director of Alliant Energy Corp had purchased 1,000 shares on May 10, 2016 in a transaction. The price per share was $73.11 and the total amount of the disclosed transaction was $73,110.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Alliant Energy Corporation (NYSE:LNT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.17 points or 0.44% at $38.82 with 863,559 shares getting traded. Post opening the session at $38.94, the shares hit an intraday low of $38.79 and an intraday high of $39.2 and the price was in this range throughout the day. The company has a market cap of $8,817 million and the number of outstanding shares have been calculated to be 227,125,300 shares. The 52-week high of Alliant Energy Corporation (NYSE:LNT) is $39.49 and the 52-week low is $27.135.

Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa, Wisconsin and Minnesota. The Companys business segments are Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). The utility business segment includes utility electric operations, utility gas operations and utility other, which includes steam operations and the unallocated portions of the utility business. The Companys Non-regulated, Parent and Other segment includes the operations of Alliant Energy Resources, LLC (Resources) and its subsidiaries; Alliant Energy Corporate Services, Inc. (Corporate Services); the Alliant Energy parent company, and any Alliant Energy parent company consolidating adjustments.

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