Analyst Rating Update on Alliant Energy Corporation (LNT)

Alliant Energy Corporation (NYSE:LNT) has an average broker rating of 2.2, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Alliant Energy Corporation (NYSE:LNT) stock is expected to deviate a maximum of $0.71 from the average target price of $38.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $39 and the most muted being $38.

For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays downgrades its view on Alliant Energy Corporation (NYSE:LNT) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Barclays maintains the current price target of $39 per share on Alliant Energy Corporation. The rating by the firm was issued on June 10, 2016.

Alliant Energy Corporation (NYSE:LNT): On Tuesdays trading session , Opening price of the stock was $39.86 with an intraday high of $39.96. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $39.3375. However, the stock managed to close at $39.81, a loss of 0.10% for the day. On the previous day, the stock had closed at $39.85. The total traded volume of the day was 1,676,395 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Alliant Energy Corp, Dunie Deborah B. had purchased shares worth of $73,110 in a transaction dated on May 10, 2016. A total of 1,000 shares were purchased at a price of $73.11 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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