Shares of Alliant Energy Co. (NASDAQ:LNT – Get 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
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:LNT – Get 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
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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