Alliant Energy Co. (NASDAQ:LNT - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $64.19 and last traded at $63.63, with a volume of 2362816 shares trading hands. The stock had previously closed at $63.32.
Analysts Set New Price Targets
A number of equities analysts have issued reports on LNT shares. Barclays cut their target price on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 6th. Mizuho upped their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, October 4th. Wells Fargo & Company lowered their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Scotiabank raised their price target on Alliant Energy from $58.00 to $64.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group assumed coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $67.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Alliant Energy has an average rating of "Hold" and a consensus target price of $63.06.
Check Out Our Latest Stock Analysis on LNT
Alliant Energy Stock Down 0.5 %
The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The firm's 50 day moving average price is $60.35 and its two-hundred day moving average price is $56.22. The company has a market capitalization of $16.25 billion, a P/E ratio of 24.66, a PEG ratio of 3.13 and a beta of 0.58.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released 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. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The firm's revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current year.
Alliant Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy's payout ratio is presently 74.42%.
Institutional Investors Weigh In On Alliant Energy
Several hedge funds have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Alliant Energy by 7.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company's stock worth $158,000 after acquiring an additional 174 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of Alliant Energy by 2.2% during the third quarter. Empirical Finance LLC now owns 8,637 shares of the company's stock valued at $524,000 after acquiring an additional 189 shares in the last quarter. City State Bank raised its holdings in shares of Alliant Energy by 0.3% in the 2nd quarter. City State Bank now owns 71,147 shares of the company's stock worth $3,621,000 after acquiring an additional 195 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Alliant Energy by 0.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company's stock valued at $1,119,000 after buying an additional 200 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Alliant Energy by 0.4% during the second quarter. Retirement Systems of Alabama now owns 56,557 shares of the company's stock valued at $2,879,000 after purchasing an additional 236 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.
About Alliant Energy
(
Get Free Report)
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.
Featured Articles
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
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
