Alliant Energy Co. (NASDAQ:LNT - Get Free Report) has received an average rating of "Hold" from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $63.55.
Several research analysts have recently weighed in on the stock. UBS Group boosted their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday. Guggenheim reiterated a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets raised their price target on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Monday, February 24th. Finally, Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and upped their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th.
Read Our Latest Report on Alliant Energy
Hedge Funds Weigh In On Alliant Energy
Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC grew its position in Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock valued at $26,000 after acquiring an additional 425 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy in the fourth quarter valued at approximately $29,000. ORG Partners LLC increased its stake in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after buying an additional 517 shares during the period. WASHINGTON TRUST Co increased its stake in Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after buying an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Alliant Energy during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 79.90% of the company's stock.
Alliant Energy Price Performance
NASDAQ LNT traded down $0.88 during trading hours on Friday, hitting $62.10. 1,881,587 shares of the company's stock traded hands, compared to its average volume of 1,898,312. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm's 50-day moving average is $61.44 and its 200-day moving average is $60.57. Alliant Energy has a 52-week low of $47.23 and a 52-week high of $66.54. The company has a market capitalization of $15.94 billion, a PE ratio of 23.09, a PEG ratio of 2.83 and a beta of 0.54.
Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $976.00 million during the quarter, compared to analysts' expectations of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Equities analysts forecast that Alliant Energy will post 3.23 EPS for the current fiscal year.
Alliant Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a dividend of $0.5075 per share. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.
About Alliant Energy
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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.
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