UBS Group Issues Positive Forecast for Alliant Energy (NASDAQ:LNT) Stock Price

Alliant Energy (NASDAQ:LNT - Get Free Report) had its price objective raised by analysts at UBS Group from $65.00 to $68.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 7.33% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Guggenheim reiterated a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets upped their price target on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Monday, February 24th. Finally, Scotiabank downgraded shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their price objective for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $63.55.

Alliant Energy Price Performance

Shares of NASDAQ LNT traded up $0.31 during mid-day trading on Friday, hitting $63.36. 447,426 shares of the company's stock traded hands, compared to its average volume of 1,504,763. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy has a 1 year low of $47.23 and a 1 year high of $66.54. The company's 50-day moving average is $61.32 and its two-hundred day moving average is $60.54. The company has a market capitalization of $16.26 billion, a P/E ratio of 23.55, a PEG ratio of 2.83 and a beta of 0.54.

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Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. On average, equities analysts anticipate that Alliant Energy will post 3.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. RDA Financial Network grew its position in Alliant Energy by 2.4% during the 4th quarter. RDA Financial Network now owns 7,990 shares of the company's stock worth $473,000 after purchasing an additional 184 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Alliant Energy by 8.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock worth $148,000 after buying an additional 191 shares during the last quarter. Utah Retirement Systems lifted its stake in shares of Alliant Energy by 0.5% during the fourth quarter. Utah Retirement Systems now owns 42,394 shares of the company's stock worth $2,507,000 after buying an additional 200 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Alliant Energy by 5.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company's stock valued at $262,000 after buying an additional 211 shares during the last quarter. Finally, Savant Capital LLC increased its position in shares of Alliant Energy by 1.5% in the 4th quarter. Savant Capital LLC now owns 15,937 shares of the company's stock valued at $942,000 after acquiring an additional 237 shares during the period. 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.