Shares of Alliant Energy Co. (NASDAQ:LNT - Get Free Report) have earned an average recommendation of "Hold" from the nine analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $63.06.
Several research firms have commented on LNT. Bank of America boosted their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Jefferies Financial Group started coverage on Alliant Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $67.00 target price on the stock. BMO Capital Markets decreased their price target on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating for the company in a report on Monday, November 4th. LADENBURG THALM/SH SH upgraded Alliant Energy from a "neutral" rating to a "buy" rating and increased their price objective for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Finally, Mizuho boosted their target price on Alliant Energy from $52.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, October 4th.
Check Out Our Latest Research Report on Alliant Energy
Hedge Funds Weigh In On Alliant Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC purchased a new position in shares of Alliant Energy in the 1st quarter valued at about $257,000. QRG Capital Management Inc. increased its holdings in Alliant Energy by 20.3% in the first quarter. QRG Capital Management Inc. now owns 8,077 shares of the company's stock valued at $407,000 after buying an additional 1,361 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Alliant Energy by 1.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 306,306 shares of the company's stock valued at $16,357,000 after acquiring an additional 4,050 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Alliant Energy by 30.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 342,544 shares of the company's stock worth $17,264,000 after acquiring an additional 80,496 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of Alliant Energy by 10.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 45,252 shares of the company's stock worth $2,281,000 after acquiring an additional 4,274 shares during the period. Institutional investors and hedge funds own 79.90% of the company's stock.
Alliant Energy Trading Up 2.5 %
NASDAQ:LNT traded up $1.48 during trading hours on Friday, reaching $60.98. 2,284,814 shares of the stock were exchanged, compared to its average volume of 1,934,625. Alliant Energy has a twelve month low of $46.80 and a twelve month high of $62.49. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average of $59.96 and a two-hundred day moving average of $55.69. The company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.95 and a beta of 0.58.
Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 earnings per share. On average, equities analysts predict that Alliant Energy will post 3.04 EPS for the current year.
Alliant Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy's payout ratio is 74.42%.
About Alliant Energy
(
Get Free ReportAlliant 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.
Featured Stories
Before you consider Alliant Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alliant Energy wasn't on the list.
While Alliant Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
