Mizuho Securities analyst Paul Fremont reiterated a Hold rating on Alliant Energy Corp (LNT) today and set a price target of $44.50. The company’s shares opened today at $44.77, close to its 52-week high of $46.05.
According to TipRanks.com, Fremont is a 4-star analyst with an average return of 5.7% and a 69.7% success rate. Fremont covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on Alliant Energy Corp is a Moderate Sell with an average price target of $45.50, implying a 1.6% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a $48 price target.
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The company has a one-year high of $46.05 and a one-year low of $36.84. Currently, Alliant Energy Corp has an average volume of 1.49M.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LNT in relation to earlier this year.
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Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through two segments: Utility and Non-Regulated, Parent and Other.
