Recessionary Signals as SPX Tests Resistance; Downgrading Energy to Underweight Our long-term outlook remains neutral on the S&P 500 (SPX) as of our 8/6/24 Compass, after being bullish since early-November 2023. Despite our expectations for a short-term rally since our 8/13/24 Compass, we still see the SPX and Nasdaq 100 (QQQ) as going through a 1- to 4-month pullback/consolidation period, and market dynamics remain concerning. Current price action on the SPX is extremely similar to prior major...
Upgrading Utilities to Overweight The S&P 500 (SPX) is back near YTD highs and testing resistance in the 5670-5783 range, and we view this as an ideal time to reduce risk and shift to defensives. We continue to believe that the SPX and Nasdaq 100 (QQQ) are going through a 1- to 4-month pullback/consolidation that could end up being a topping pattern. To recap, (1) in our 7/30/24 and 8/6/24 Compass reports we discussed how 5100-5191 was our target/bounce area on SPX, (2) we downgraded our long-t...
Upgrading Utilities to Overweight The S&P 500 (SPX) is back near YTD highs and testing resistance in the 5670-5783 range, and we view this as an ideal time to reduce risk and shift to defensives. We continue to believe that the SPX and Nasdaq 100 (QQQ) are going through a 1- to 4-month pullback/consolidation that could end up being a topping pattern. To recap, (1) in our 7/30/24 and 8/6/24 Compass reports we discussed how 5100-5191 was our target/bounce area on SPX, (2) we downgraded our long-t...
Forbes names Alliant Energy a ‘Best Employer’ of 2023 Award based on independent survey of 45,000 U.S. employees across 25 industries MADISON, Wis., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Alliant Energy has been named to Forbes’ list of for the fifth consecutive year. Presented by Forbes and market research company Statista Inc., the list spans 25 industries and honors the top 500 large and midsize employers in the U.S. The evaluations were based on direct and indirect recommendations from employees, who were asked to rate how likely they would be to recommend their employers. Statista al...
Alliant Energy Corporation declares quarterly common stock dividend MADISON, Wis., Jan. 26, 2023 (GLOBE NEWSWIRE) -- The Alliant Energy Corporation (NASDAQ: LNT) Board of Directors today declared a quarterly cash dividend of $0.4525 per share payable on February 15, 2023, to shareowners of record as of the close of business on January 31, 2023. Dividends on common stock have been paid for 309 consecutive quarters since 1946. Alliant Energy Corporation (NASDAQ: LNT) provides regulated energy service to 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin. Alliant ...
Alliant Energy Corporation Announces Year-End 2022 Earnings Release and Conference Call MADISON, Wis., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Alliant Energy Corporation (NASDAQ: LNT) has scheduled its year-end 2022 earnings release for Thursday, February 23rd, after market close. A conference call to review the year-end results is scheduled for Friday, February 24th at 9 a.m. CT. Alliant Energy will webcast the event live at . The call is open to the public and will be hosted by John Larsen, Chair, President and CEO; and Robert Durian, Executive Vice President and CFO. Individuals who would l...
Alliant Energy Appoints Industry Veteran Lisa Barton as President and Chief Operating Officer 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 and affordable clean energy MADISON, Wis., Jan. 13, 2023 (GLOBE NEWSWIRE) -- Alliant Energy Corporation (NASDAQ: LNT) today announced the appointment of Lisa M. Barton to the newly created role of President and Chief Operating Officer, effective February 27, 2023. In this role, Ms. Barton will work...
Alliant Energy named to Newsweek’s Most Responsible Companies list for third consecutive year Company’s commitment to sustainability, social causes drives recognition MADISON, Wis., Jan. 09, 2023 (GLOBE NEWSWIRE) -- For the third consecutive year, Alliant Energy has been named to . Alliant Energy was recognized as a top-25 company in the energy and utility industry based on a combination of its environmental, social and governance scores. This ranking accounts for the progress made in renewable energy, inclusivity in the workplace and social causes. “Guided by our purpose-driven strat...
Alliant Energy Announces Appointment of Stephanie Cox to Board of Directors and Retirement of Board Member Dean Oestreich MADISON, Wis., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Alliant Energy Corporation (NASDAQ: LNT) today announced that its Board of Directors has appointed Stephanie Cox as a new independent director effective February 11, 2023. In addition, Dean Oestreich, an Alliant Energy director since 2005, is retiring from the Board, effective with Ms. Cox’s appointment. Ms. Cox, 54, has more than 30 years of experience in the energy sector leading strategic planning, P&L management, hu...
Moody's Investors Service ("Moody's") affirmed the ratings of Wisconsin Power and Light Company (WPL, A3 senior unsecured) and changed its outlook to negative from stable. Parent company Alliant Energy Corporation's (Alliant, Baa2 senior unsecured) ratings and stable outlook are unchanged. RATING...
Alliant Energy Announces Third Quarter 2022 Results 2022 earnings guidance increased and narrowed to a range of $2.76 - $2.83 per shareProvided 2023 earnings guidance range of $2.82 - $2.96 and 2023 annual common stock dividend target of $1.81Increased forecasted 2023 - 2026 capital expenditures to $8.5 billion in aggregate MADISON, Wis., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended September 30 as foll...
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