It is one of the largest and most respected companies in India’s private sector. Upgrade to MarketBeat All Access to add more stocks to your watchlist. ICICI Securities has upgraded the stock to ‘Buy’ on strong consecutive order inflow for two quarters (Q1, Q2 FY24), which it said could likely result in beat to order inflow guidance for FY24. The scrip has an analyst target price of Rs 2,825, Trendlyne data showed, suggesting a potential downside of 5 per cent. It has a one-year beta of 0.90, indicating low volatility on the counter. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company.
Alliant Energy (LNT) Stock Forecast, Price & News
According to 8 analysts, the average rating for LNT stock is “Buy.” The 12-month stock price forecast is $54.79, which is an increase of 5.34% from the latest price. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Alliant Energy declared a quarterly dividend on Friday, July 14th. Shareholders of record on Monday, July 31st will be given a dividend of $0.4525 per share on Tuesday, August 15th. This represents a $1.81 annualized dividend and a yield of 3.51%.
At Monday’s closing, the price of ₹2,894, the original buyback offer price was at a premium of just 3.7%. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a advantages of regression analysis trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
Alliant Energy’s stock is owned by many different retail and institutional investors. Alliant Energy updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $2.82-$2.96 for the period, compared to the consensus estimate of $2.89. The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 8 Wall Street research analysts have issued 12-month price targets for Alliant Energy’s stock. On average, they expect the company’s stock price to reach $54.31 in the next year. This suggests a possible upside of 5.4% from the stock’s current price. View analysts price targets for LNT or view top-rated stocks among Wall Street analysts.
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Terms of Service apply. Former AEP Executive Vice President and COO brings deep industry knowledge, strong leadership abilities and proven operating expertise to further Alliant Energy’s commitment to deliver safe, reliable … An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
Both subsidiaries engage in the generation and distribution of electricity and the distribution and transportation of natural gas. Alliant also owns a 16% interest in American Transmission Co. The technique has proven to be very useful for finding positive surprises. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
LNT’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Accelerated development of energy storage capacity to deliver increased value, efficiency and reliability to Alliant Energy’s customers in Wisconsin Accelerated development of energy storage capacity … MADISON, Wis.–(BUSINESS WIRE)–With a commitment to serving customers and building stronger communities, Alliant Energy and the company’s charitable foundation, along with the company’s employees and… The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
Alliant Energy: A Mid-Cap Utility With Growth and Yield
The economy, impacted by decelerating GDP growth, mounting fiscal deficit and high Curren… One share of LNT stock can currently be purchased for approximately $51.54. Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Visit a quote page and your recently viewed tickers will be displayed here.
- The company provided EPS guidance of $2.82-$2.96 for the period, compared to the consensus estimate of $2.89.
- © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
- At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
- Broader markets (mid- and small-cap shares) also felt the pain today.
- Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
L&T Share Buyback Price Revised
An investor that had 100 shares of stock prior to the split would have 200 shares after the split. Meanwhile, Indian equity benchmarks traded lower in early trade today amid a highly volatile session. The domestic indices were dragged by metals, state-owned banks, consumer, automobile and energy stocks. Broader markets (mid- and small-cap shares) also felt the pain today. During the announcement, the buyback offer price at ₹3,000 per share was a 17% premium to the company’s market price of ₹2,562 then. Utility companies are often perceived as boring investments, but sometimes they make up an important part of an investor’s portfolio by providing above market average dividend yields.
On 26 July, L&T had announced the buyback—the first such offer in its eight-decade-long history. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. https://1investing.in/ We’d like to share more about how we work and what drives our day-to-day business. Compare
LNT’s historical performance
against its industry peers and the overall market.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Till date in FY24, L&T has announced orders worth over Rs 75,000 crore. “With this significant accretion in orders, L&T could report over 20 per cent growth in order inflow in Q2 (excluding services), in our view,” ICICI Securities said. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of LNT’s
The upward revision in the buyback price is meant to sweeten the offer for public shareholders. However, the stock has rallied significantly, narrowing this premium, and lowering the chances of shareholders tendering their shares in the proposed buyback. L&T had said it may offer to buy back a 2.4% stake, or 33.33 million of shares, held by public shareholders through a book-building process on the stock exchange. The domestic brokerage talked about a significant buyback to reward shareholders and consequent improvement in RoE and expected expect margin improvement for core business amid benign raw material prices. “We upgrade the stock to ‘Buy’ with SOTP-based target of Rs 3,141 (assigning 30x FY25E to EPC business),” it said. Alliant Energy is the parent of two regulated utilities, Interstate Power and Light and Wisconsin Power and Light, serving nearly 985,000 electric customers and 425,000 natural gas-only customers.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 8 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Alliant Energy in the last twelve months.
There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” LNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LNT, but not buy additional shares or sell existing shares. Alliant Energy’s stock split before market open on Friday, May 20th 2016. The newly created shares were distributed to shareholders after the closing bell on Thursday, May 19th 2016.