Alliant Energy Co. (NASDAQ:LNT) Given Average Rating of "Hold" by Brokerages

Shares of Alliant Energy Co. (NASDAQ:LNT - Get Free Report) have received a consensus rating of "Hold" from the ten brokerages that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $63.55.

Several equities research analysts have commented on LNT shares. Guggenheim reissued a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets increased their price target on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Monday, February 24th. Finally, UBS Group upped their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st.

Alliant Energy Trading Up 0.6 %

LNT stock traded up $0.38 during midday trading on Tuesday, reaching $60.80. The company's stock had a trading volume of 2,462,916 shares, compared to its average volume of 1,598,202. The business's 50-day simple moving average is $62.39 and its 200-day simple moving average is $60.82. The stock has a market cap of $15.62 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. Alliant Energy has a 52 week low of $48.95 and a 52 week high of $66.54. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its 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. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. As a group, sell-side analysts expect that Alliant Energy will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, April 30th. Alliant Energy's payout ratio is 75.46%.

Institutional Investors Weigh In On Alliant Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC grew its holdings in shares of Alliant Energy by 9.2% during the first quarter. Cornerstone Wealth Management LLC now owns 4,400 shares of the company's stock worth $283,000 after purchasing an additional 372 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Alliant Energy in the first quarter valued at about $316,000. Trust Point Inc. bought a new position in shares of Alliant Energy during the first quarter worth about $205,000. Exchange Traded Concepts LLC boosted its holdings in Alliant Energy by 811.5% in the first quarter. Exchange Traded Concepts LLC now owns 14,219 shares of the company's stock valued at $915,000 after acquiring an additional 12,659 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Alliant Energy by 10.2% in the 1st quarter. Sound Income Strategies LLC now owns 4,988 shares of the company's stock valued at $321,000 after purchasing an additional 463 shares during the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Company Profile

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.