|Over a week ago|
Alliant Energy price target raised to $64 from $56 at Argus » 07:1406/1106/11/21
Argus analyst Angus…
Argus analyst Angus Kelleher raised the firm's price target on Alliant Energy to $64 from $56 and keeps a Buy rating on the shares. The company offers a record of growing earnings and a history of consistently boosting its dividend, the analyst tells investors in a research note, adding that he is also positive on Allant Energy having increased its focus on renewable investments.
Alliant Energy price target raised to $61 from $55 at Barclays » 06:3505/2505/25/21
Barclays analyst Eric…
Barclays analyst Eric Beaumont raised the firm's price target on Alliant Energy to $61 from $55 and keeps an Equal Weight rating on the shares. The analyst continues to believe utilities are undervalued relative to broader equities, U.S. Treasuries and corporate bonds, but he says "the gap is closing." His 12-month forward price targets provide for an average price return of 10% for the group.
|Over a month ago|
Alliant Energy upgraded to Buy from Neutral at Mizuho » 05:5705/1805/18/21
Mizuho analyst Paul…
Mizuho analyst Paul Fremont upgraded Alliant Energy to Buy from Neutral with a price target of $61, up from $50. Higher earnings from the company's planned solar generation investments and cost savings opportunity from coal plant closures will result in earnings growth near the top-end of its 5% to 7% target, Fremont tells investors in a research note. The analyst increased Alliant's earnings growth rate estimate to 6.8% through 2023 and upgraded the shares.
Alliant Energy backs 2021 EPS view of $2.50-$2.64, consensus $2.56 18:0405/0605/06/21
Alliant Energy reports Q1 non-GAAP EPS 68c, consensus 68c » 18:0305/0605/06/21
Reports Q1 revenue $901M,…
Reports Q1 revenue $901M, consensus $947.57M. "We had a solid start to the year with more than 25% of our 2021 guidance midpoint coming in the first quarter, and we are reaffirming our 2021 guidance range of $2.50 to $2.64" said CEO John Larsen. "We are also excited to have achieved another major milestone in our purpose-driven clean energy transition, receiving approval last month for the first 675 MW of our nearly 1,100 MW proposed solar expansion in Wisconsin."
Alliant Energy to add 414 megawatts of solar energy in Wisconsin » 05:0403/3103/31/21
Alliant Energy announced…
Alliant Energy announced plans to add another 414 megawatts, or MW, of solar in Wisconsin. This rounds out the company's previously announced plan to add more than 1,000 MW of solar while helping customers avoid more than $2B in long-term costs. Upon completion of their more than 1,000 MW of solar, Alliant Energy will own and operate the most solar energy in the state of Wisconsin. The six new projects will be developed in mostly rural parts of Dodge, Grant, Green, Rock and Waushara counties. Once the projects are operational, local communities will receive an estimated $50M in shared revenues, for the next 30 years. Additionally, local landowners will receive a combined $60M in lease payments over 30 years. The additional projects, five of which are being self-developed by Alliant Energy, are expected to create more than 800 local construction jobs across the five counties.
|Over a quarter ago|
Alliant Energy price target lowered to $54 from $60 at Wells Fargo » 08:1102/2202/22/21
Wells Fargo analyst Neil…
Wells Fargo analyst Neil Kalton lowered the firm's price target on Alliant Energy to $54 from $60 owing to materially lower peer group multiples, while keeping an Overweight rating on the shares. The analyst notes the company delivered "solid" results in 2020 and thinks there is a clear path toward 6% annual growth through 2023. Post-23, Kalton believes continuation of the 6% CAGR will depend on additional capex flowing into the plan.
Alliant Energy reports Q4 non-GAAP EPS 24c, consensus 23c 18:0302/1802/18/21
Alliant Energy backs FY21 EPS view of $2.50-$2.64, consensus $2.57 18:0202/1802/18/21
Alliant Energy reports Q4 EPS 26c, consensus 23c » 18:0202/1802/18/21
Reports Q4 revenue $817M,…
Reports Q4 revenue $817M, one estimate $1.12B. "Despite the events of an unprecedented year, we once again delivered strong earnings growth through solid execution of our purpose-driven strategy. In 2020, we completed our historic wind expansion and announced plans to invest in over 1,400 megawatts of solar, continuing to be one of the industry leaders in the advancement of renewable energy," said John Larsen, Alliant Energy Chairman, President and CEO. "Consistent with our 5 to 7% long-term earnings growth goal, our 2020 temperature normalized non-GAAP earnings per share increased 7% over calendar year 2019."