Alliant Energy (NASDAQ:LNT) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Alliant Energy (NASDAQ:LNT - Get Free Report) had its price target boosted by analysts at BMO Capital Markets from $60.00 to $66.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "market perform" rating on the stock. BMO Capital Markets' price target would suggest a potential upside of 3.37% from the stock's current price.

LNT has been the topic of a number of other research reports. Scotiabank lowered shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their target price for the stock from $64.00 to $67.00 in a research report 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 on the stock in a research report on Monday, November 4th. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday. Finally, Barclays lowered their price target 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. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Alliant Energy has an average rating of "Hold" and an average target price of $63.25.

Alliant Energy Stock Performance

LNT traded down $0.13 during trading on Monday, hitting $63.85. The stock had a trading volume of 2,104,913 shares, compared to its average volume of 1,732,242. The firm has a market cap of $16.38 billion, a PE ratio of 23.74, a P/E/G ratio of 2.83 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy has a 12 month low of $46.80 and a 12 month high of $64.35. The company has a 50 day simple moving average of $59.72 and a 200-day simple moving average of $59.85.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Analysts expect that Alliant Energy will post 3.23 EPS for the current year.

Hedge Funds Weigh In On Alliant Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after acquiring an additional 425 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the fourth quarter worth $29,000. JNBA Financial Advisors acquired a new stake in shares of Alliant Energy in the third quarter valued at $31,000. ORG Partners LLC raised its holdings in shares of Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after buying an additional 517 shares during the last quarter. Finally, WASHINGTON TRUST Co lifted its position in Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after buying an additional 628 shares in the last quarter. 79.90% of the stock is currently 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.