Alliant Energy Corp (LNT) Stock AnalysisLNTAlliant Energy Corp

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. Its primary focus is to provide regulated electric and natural gas services to its customers in the Midwest through its two public utility subsidiaries: Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). Its non-utility holdings are organized under Alliant Energy Finance, LLC. Its segments include IPL and WPL. IPL is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa. IPL also sells electricity to wholesale customers in Illinois and Iowa. WPL is a public utility engaged principally in the generation and distribution of electricity and the distribution of and transportation of natural gas to retail customers in select markets in Wisconsin. WPL also sells electricity to wholesale customers in Wisconsin. It operates in the Utilities sector (ELECTRIC & OTHER SERVICES COMBINED industry).

Alliant Energy Corp is a good buy right now due to its current price of $68.32 being below the average analyst price target of $78, indicating potential upside. Additionally, the company has a strong forward P/E ratio of 17.45, suggesting reasonable valuation compared to its earnings growth prospects. However, there is a risk with the current RSI at 80.41, indicating it may be overbought in the short term.

7 analysts cover LNT: 2 rate it Buy, 5 Hold and 0 Sell. The average price target is 71.20.