Barclays Downgrades Alliant Energy Corporation to Equal-weight

Brokerage firm Barclays Downgrades its rating on Alliant Energy Corporation(NYSE:LNT). The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by Barclays was issued on Jun 10, 2016.

In a different note, On Mar 21, 2016, Argus Research said it Maintains its rating on Alliant Energy Corporation. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 18, 2016, Barclays said it Maintains its rating on Alliant Energy Corporation. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Overweight’ by the firm.

Alliant Energy Corporation (LNT) shares turned negative on Wednesdays trading session with the shares closing down -0.43 points or -1.10% at a volume of 9,30,342. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.23. The peak price level was also seen at $39.23 while the days lowest was $38.49. Finally the shares closed at $38.68. The 52-week high of the shares is $39.49 while the 52-week low is $27.135. According to the latest information available, the market cap of the company is $8,785 M.

Alliant Energy Corporation(LNT) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $843.80M. Analysts had an estimated revenue of $756.05M. Earnings per share were $0.86. Analysts had estimated an EPS of $0.86.

Several Insider Transactions has been reported to the SEC. On May 10, 2016, Deborah B. Dunie (director) purchased 1,000 shares at $73.11 per share price.Also, On Mar 4, 2016, Thomas L Hanson (Senior Vice President, CFO) sold 7,500 shares at $68.15 per share price.On Feb 29, 2016, John O Larsen (Senior Vice President) sold 3,000 shares at $69.94 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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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