Alliant Energy Co. (NASDAQ:LNT) Sees Significant Drop in Short Interest

Alliant Energy Co. (NASDAQ:LNT) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totalling 1,740,000 shares, a decline of 22.7% from the October 15th total of 2,250,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the days-to-cover ratio is currently 1.3 days.

LNT stock traded up $0.40 during midday trading on Friday, reaching $52.87. The company had a trading volume of 1,667,758 shares, compared to its average volume of 1,536,890. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.67. The stock’s 50 day moving average price is $55.14. Alliant Energy has a fifty-two week low of $37.66 and a fifty-two week high of $60.28. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.94 and a beta of 0.38.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.05. The business had revenue of $920.00 million during the quarter. Alliant Energy had a return on equity of 12.01% and a net margin of 19.33%. As a group, analysts anticipate that Alliant Energy will post 2.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 16th. Stockholders of record on Friday, October 30th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, October 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.87%. Alliant Energy’s dividend payout ratio is presently 65.80%.

A number of equities analysts have commented on the company. BidaskClub downgraded Alliant Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 6th. Mizuho lifted their target price on Alliant Energy from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Monday, October 12th. Finally, Barclays lifted their target price on Alliant Energy from $56.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

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