Brokerages Set Alliant Energy Co. (NASDAQ:LNT) Price Target at $63.39

Shares of Alliant Energy Co. (NASDAQ:LNTGet Free Report) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $63.39.

LNT has been the topic of a number of recent research reports. UBS Group upped their target price on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. BMO Capital Markets decreased their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Jefferies Financial Group began coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 target price for the company. Barclays decreased 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 research note on Wednesday, November 6th. Finally, 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 research report on Monday, November 4th.

View Our Latest Stock Analysis on LNT

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after purchasing an additional 425 shares during the period. Northwest Investment Counselors LLC acquired a new stake in Alliant Energy during the 3rd quarter worth approximately $28,000. Eastern Bank acquired a new position in Alliant Energy during the third quarter valued at approximately $30,000. JNBA Financial Advisors purchased a new stake in Alliant Energy during the third quarter worth approximately $31,000. Finally, ORG Partners LLC increased its position in shares of 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 in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Down 2.6 %

NASDAQ:LNT opened at $56.66 on Friday. Alliant Energy has a 52-week low of $46.80 and a 52-week high of $64.19. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $60.06 and a 200-day simple moving average of $58.39. The company has a market capitalization of $14.54 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60.

Alliant Energy (NASDAQ:LNTGet Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. On average, equities research analysts expect that Alliant Energy will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.39%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is 74.42%.

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.

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Analyst Recommendations for Alliant Energy (NASDAQ:LNT)

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