Guggenheim Reiterates "Neutral" Rating for Alliant Energy (NASDAQ:LNT)

Alliant Energy (NASDAQ:LNT - Get Free Report)'s stock had its "neutral" rating restated by research analysts at Guggenheim in a research report issued on Monday,Benzinga reports. They currently have a $57.00 price objective on the stock. Guggenheim's target price would indicate a potential downside of 10.73% from the stock's current price.

A number of other brokerages have also commented on LNT. Barclays cut their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Wells Fargo & Company lowered their price objective on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Finally, BMO Capital Markets cut their target price on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a research report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $63.25.

Alliant Energy Stock Down 0.2 %

Shares of LNT stock traded down $0.13 during trading hours on Monday, reaching $63.85. The company had a trading volume of 2,104,913 shares, compared to its average volume of 1,732,242. The company has a market capitalization of $16.38 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy has a twelve month low of $46.80 and a twelve month high of $64.35. The stock's fifty day simple moving average is $59.72 and its 200 day simple moving average is $59.85.

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 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 company 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alliant Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in Alliant Energy by 7,083.3% during the third quarter. Larson Financial Group LLC now owns 431 shares of the company's stock valued at $26,000 after purchasing an additional 425 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the 4th quarter valued at about $29,000. JNBA Financial Advisors acquired a new stake in Alliant Energy during the third quarter worth about $31,000. ORG Partners LLC lifted its holdings in Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after acquiring an additional 517 shares during the last quarter. Finally, WASHINGTON TRUST Co boosted its stake in Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after acquiring an additional 628 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

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.