Barclays analyst Nicholas Campanella maintains $Alliant Energy (LNT.US)$ with a hold rating, and maintains the target price at $59.
According to TipRanks data, the analyst has a success rate of 64.1% and a total average return of 8.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alliant Energy (LNT.US)$'s main analysts recently are as follows:
Alliant Energy's recent capital plan update is seen as ranging from neutral to slightly negative. This perception stems from additional insights into load growth prospects juxtaposed with a modest downward revision of the expected earnings per share trajectory.
Alliant Energy's Q3 earnings surpassed expectations, while there was a shortfall in its initial FY25 forecast. This revision for 2024 may have caught investors off guard, but it primarily stems from temporary factors such as weather-related challenges and one-off adjustments, which are expected to normalize by 2025. Furthermore, Alliant's management projections are noted to be on the prudent side, suggesting the potential for future upward revisions.
A revision leading to a reduced earnings per share forecast for 2024 and the choice to base the expected 5%-7% earnings growth on a decreased mid-point slightly diminished the positive reception of a substantial capital expenditure update. It's suggested that investors focus beyond the immediate disturbances.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
