Alliant Energy (NASDAQ:LNT) PT Raised to $66.00

Alliant Energy (NASDAQ:LNT - Get Free Report) had its target price lifted by equities research analysts at Wells Fargo & Company from $62.00 to $66.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential upside of 5.96% from the company's current price.

Several other brokerages have also weighed in on LNT. Mizuho raised their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, October 4th. Bank of America increased their price objective on shares of Alliant Energy from $62.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, August 29th. UBS Group boosted their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. LADENBURG THALM/SH SH upgraded Alliant Energy from a "neutral" rating to a "buy" rating and increased their price objective for the company from $50.00 to $62.50 in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group assumed coverage on shares of Alliant Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $67.00 target price for the company. Five investment 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 stock currently has a consensus rating of "Hold" and an average price target of $63.28.

Alliant Energy Trading Up 2.0 %

LNT traded up $1.21 during trading on Wednesday, hitting $62.29. The company's stock had a trading volume of 1,760,561 shares, compared to its average volume of 1,596,413. Alliant Energy has a twelve month low of $46.80 and a twelve month high of $62.42. The stock has a market cap of $15.98 billion, a PE ratio of 25.18, a PEG ratio of 2.89 and a beta of 0.58. The firm's 50 day moving average price is $58.86 and its 200-day moving average price is $54.01. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The business had revenue of $894.00 million for the quarter, compared to analysts' expectations of $897.03 million. During the same quarter last year, the company posted $0.64 earnings per share. The business's quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts expect that Alliant Energy will post 3.05 earnings per share for the current year.

Institutional Trading of Alliant Energy

Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in Alliant Energy by 10.3% in the 1st quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company's stock valued at $533,205,000 after acquiring an additional 984,963 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Alliant Energy during the 2nd quarter worth about $42,367,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Alliant Energy by 14,057.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 577,072 shares of the company's stock worth $29,084,000 after buying an additional 572,996 shares during the last quarter. Eagle Ridge Investment Management bought a new position in shares of Alliant Energy in the 2nd quarter valued at about $26,804,000. Finally, Wellington Management Group LLP increased its position in shares of Alliant Energy by 49.4% in the fourth quarter. Wellington Management Group LLP now owns 919,041 shares of the company's stock valued at $47,147,000 after acquiring an additional 304,022 shares during the last quarter. Institutional investors own 79.90% of the company's stock.

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.