Alliant Energy (NYSE:LNT) Shares Up 1.8%

Alliant Energy Co. (NYSE:LNTGet Rating)’s stock price shot up 1.8% during trading on Thursday . The stock traded as high as $56.71 and last traded at $56.53. 1,423,754 shares changed hands during trading, a decline of 2% from the average session volume of 1,459,829 shares. The stock had previously closed at $55.52.

Separately, StockNews.com began coverage on Alliant Energy in a research note on Thursday, March 31st. They set a “hold” rating for the company.

The firm has a 50-day moving average price of $60.04.

Alliant Energy (NYSE:LNTGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. The company had revenue of $1.07 billion during the quarter.

About Alliant Energy (NYSE:LNT)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. 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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