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Larsen & Toubro underperforms Friday when compared to competitors

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. However, the stock has rallied significantly, narrowing this premium, and lowering the chances of shareholders tendering their shares in the proposed buyback.

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Forbes names Alliant Energy a ‘Best Employer’ of 2023

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At Monday’s closing, the price of ₹2,894, the original buyback offer price was at a premium of just 3.7%. 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. Alliant Energy’s stock is owned by many different institutional and retail investors. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. We’d like to share more about how we work and what drives our day-to-day business.

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against its industry peers and the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
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On average, they predict the company’s stock price to reach $54.31 in the next year. This suggests a possible upside of 4.3% from the stock’s current price. View analysts price targets for LNT or view top-rated stocks among Wall Street analysts. 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.

• Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
• Shareholders of record on Monday, July 31st will be given a dividend of $0.4525 per share on Tuesday, August 15th.
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• As an investor, you want to buy stocks with the highest probability of success.

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. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. 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. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

Related News LNT

Alliant Energy updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $2.82-$2.96 for the period, compared to the consensus earnings per share estimate of $2.89. Alliant Energy shares split on the morning of Friday, May 20th 2016.

The newly minted shares were distributed to shareholders after the market closes on Thursday, May 19th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split. 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 dividend on an annualized basis and a dividend yield of 3.47%.

We Expect a Constructive Rate Case Outcome in Alliant’s Wisconsin Territory

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. 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 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.

Friday could be a historic day for the options market, according to a derivatives strategist at Goldman Sachs Group. Larsen & Toubro Ltd. closed 97.20 rupees short of its 52-week high (3,008.00 rupees), which the company achieved on September 12. On 26 July, L&T had announced the buyback—the first such offer in its eight-decade-long history.

Price and EPS Surprise Chart

Alliant Energy’s stock was trading at $55.21 at the beginning of 2023. Since then, LNT stock has decreased by 5.7% and is now trading at $52.09. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. 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. The upward revision in the buyback price is meant to sweeten the offer for public shareholders.

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. 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 analysts have issued twelve-month price objectives for Alliant Energy’s stock.

Solar Growth Plans on Track for Utilities

Plus, LNT info will be updated daily in your Zacks.com Portfolio Tracker – also free. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of LNT stock can currently be purchased for approximately $52.09. 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.

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.

8 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Alliant Energy in the last year. 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. 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. 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 5.18% from the latest price.

Alliant Energy Corp. stock rises Friday, outperforms market

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. 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. 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.

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. The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.