Alliant Energy (NASDAQ:LNT) Price Target Lowered to $61.00 at BMO Capital Markets

Alliant Energy (NASDAQ:LNT - Get Free Report) had its price objective cut by analysts at BMO Capital Markets from $65.00 to $61.00 in a research report issued on Monday, Benzinga reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' target price would indicate a potential upside of 6.07% from the company's previous close.

LNT has been the subject of several other reports. UBS Group lifted their price target on Alliant Energy from $64.00 to $65.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Jefferies Financial Group initiated coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $67.00 price target on the stock. Wells Fargo & Company cut their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Monday. Mizuho boosted their price target on Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Finally, LADENBURG THALM/SH SH upgraded Alliant Energy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $63.28.

Alliant Energy Stock Performance

NASDAQ LNT traded down $0.23 during trading on Monday, reaching $57.51. 2,404,067 shares of the company's stock were exchanged, compared to its average volume of 1,601,015. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The business has a 50 day moving average price of $59.89 and a 200-day moving average price of $55.10. The stock has a market capitalization of $14.75 billion, a P/E ratio of 22.15, a PEG ratio of 2.88 and a beta of 0.58. Alliant Energy has a fifty-two week low of $46.80 and a fifty-two week high of $62.49.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.05. Alliant Energy had a return on equity of 10.62% and a net margin of 16.66%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm earned $1.05 EPS. The firm's revenue was up .4% compared to the same quarter last year. Sell-side analysts forecast that Alliant Energy will post 3.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LNT. Pegasus Partners Ltd. acquired a new position in shares of Alliant Energy during the third quarter worth $220,000. Principal Financial Group Inc. increased its holdings in Alliant Energy by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company's stock worth $71,839,000 after purchasing an additional 101,387 shares in the last quarter. Weitzel Financial Services Inc. raised its position in Alliant Energy by 17.9% in the third quarter. Weitzel Financial Services Inc. now owns 8,338 shares of the company's stock valued at $503,000 after purchasing an additional 1,263 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of Alliant Energy during the third quarter worth about $259,000. Finally, JNBA Financial Advisors acquired a new position in shares of Alliant Energy in the third quarter valued at approximately $31,000. Institutional investors and hedge funds 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.