Alliant Energy Co. (NASDAQ:LNT) Receives $63.39 Consensus PT from Analysts

Alliant Energy Co. (NASDAQ:LNT - Get Free Report) has received a consensus recommendation of "Hold" from the ten research firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $63.25.

A number of equities research analysts recently commented on the company. Barclays dropped their price objective on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. Scotiabank downgraded shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. BMO Capital Markets boosted their target price on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Monday. Wells Fargo & Company dropped their target price on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Finally, Guggenheim reiterated a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday.

Alliant Energy Trading Down 0.2 %

Shares of LNT traded down $0.13 during trading hours on Monday, hitting $63.85. 2,104,913 shares of the stock traded hands, compared to its average volume of 1,732,242. The business has a fifty day moving average of $59.72 and a 200-day moving average of $59.85. The firm has a market capitalization of $16.38 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60. Alliant Energy has a 1-year low of $46.80 and a 1-year high of $64.35. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. Analysts expect that Alliant Energy will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. Alliant Energy's payout ratio is 75.46%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its position in Alliant Energy by 9,113.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock valued at $247,640,000 after purchasing an additional 4,141,895 shares during the last quarter. Point72 Asset Management L.P. raised its position in Alliant Energy by 92.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock worth $97,363,000 after purchasing an additional 771,919 shares during the last quarter. Jennison Associates LLC acquired a new position in Alliant Energy during the 4th quarter worth about $32,225,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Alliant Energy in the 4th quarter valued at about $31,201,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Alliant Energy by 8.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock valued at $395,260,000 after buying an additional 512,429 shares during the period. 79.90% of the stock is currently owned by institutional investors.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.