Barclays Lowers Alliant Energy (NASDAQ:LNT) Price Target to $59.00

Alliant Energy (NASDAQ:LNT - Get Free Report) had its price target dropped by Barclays from $61.00 to $59.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 3.51% from the company's previous close.

LNT has been the topic of several other research reports. Jefferies Financial Group began 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. Mizuho upped their target price on Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, October 4th. BMO Capital Markets lowered their target price on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a report on Monday. Bank of America upped their target price on Alliant Energy from $62.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Finally, LADENBURG THALM/SH SH upgraded Alliant Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $50.00 to $62.50 in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $63.06.

Alliant Energy Stock Down 1.9 %

Shares of LNT traded down $1.12 during midday trading on Wednesday, hitting $57.00. The company had a trading volume of 2,444,638 shares, compared to its average volume of 1,604,452. The company's 50-day simple moving average is $59.88 and its 200-day simple moving average is $55.22. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.48 and a current ratio of 0.86. The firm has a market capitalization of $14.63 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.77 and a beta of 0.58. Alliant Energy has a 1 year low of $46.80 and a 1 year high of $62.49.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.05. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The firm's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. As a group, sell-side analysts expect that Alliant Energy will post 3.04 EPS for the current year.

Institutional Trading of Alliant Energy

Hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC raised its stake in Alliant Energy by 604.0% during the 1st quarter. Intech Investment Management LLC now owns 72,768 shares of the company's stock valued at $3,668,000 after acquiring an additional 62,431 shares in the last quarter. Cetera Investment Advisers raised its stake in Alliant Energy by 200.8% during the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company's stock valued at $10,877,000 after acquiring an additional 144,077 shares in the last quarter. Forsta AP Fonden increased its position in shares of Alliant Energy by 36.3% during the 1st quarter. Forsta AP Fonden now owns 70,600 shares of the company's stock valued at $3,558,000 after purchasing an additional 18,800 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Alliant Energy by 105.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 33,166 shares of the company's stock valued at $1,672,000 after purchasing an additional 17,030 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in Alliant Energy by 28.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 44,537 shares of the company's stock valued at $2,245,000 after purchasing an additional 9,977 shares during the last quarter. Institutional investors own 79.90% of the company's stock.

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.