Alliant Energy Corp (LNT) Receives a Hold from Barclays

Barclays analyst Eric Beaumont maintained a Hold rating on Alliant Energy Corp (LNTResearch Report) on June 18 and set a price target of $52. The company’s shares closed yesterday at $49.65, close to its 52-week high of $50.08.

According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.

The word on The Street in general, suggests a Hold analyst consensus rating for Alliant Energy Corp with a $52 average price target.

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Alliant Energy Corp’s market cap is currently $11.77B and has a P/E ratio of 22.60. The company has a Price to Book ratio of 2.51.

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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-utility, Parent and Other.