Barclays (LON:BARC) analyst Eric Beaumont maintained a Hold rating on Alliant Energy (NASDAQ:LNT) on Tuesday, setting a price target of $63, which is approximately 8.01% above the present share price of $58.33.
Beaumont expects Alliant Energy to post earnings per share (EPS) of $1.02 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Alliant Energy, with an average price target of $60.
The analysts price targets range from a high of $63 to a low of $55.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.02 billion and a net profit of $289 million. The company's market cap is $14.6 billion.
According to TipRanks.com, Barclays analyst Eric Beaumont is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.9% and a 60.29% success rate.
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. The utility segment consists of Interstate Power and Light Co. and Wisconsin Power & Light Co. The Interstate Power & Light Co. is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in Iowa and southern Minnesota. The Wisconsin Power and Light Co. is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in southern and central Wisconsin. The Non-utility, Parent and Other segment includes the operations of Resources and its subsidiaries, Corporate Services, the Alliant Energy parent company, and any Alliant Energy parent company consolidating adjustments. The company was founded in 1981 and is headquartered in Madison, WI.