Gabelli & Company Maintains Hold Rating on Alliant Energy

A report from Gabelli & Company reiterates its Hold rating on Alliant Energy (NYSE: LNT).

The report states, “We regard Alliant Energy as a high quality, low-risk utility operating in constructive regulatory environments. Shares offer an attractive 4.1% current return and management forecasts 5-7% long-term EPS growth. LNT has aboveaverage exposure (55%) to coal-fired generation, but is favorably positioned to comply with state renewable standards given that the states of Iowa, Minnesota and Wisconsin are among the more “wind-rich” states in the country.”

LNT closed Friday at $41.66.