Alliant Energy Co. (NASDAQ:LNT) Receives Consensus Rating of “Hold” from Analysts

Shares of Alliant Energy Co. (NASDAQ:LNTGet Rating) have earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $59.75.

LNT has been the subject of several research reports. Bank of America raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $62.00 to $70.00 in a research report on Friday, August 12th. Credit Suisse Group dropped their target price on Alliant Energy to $51.00 in a research report on Thursday, October 20th. Argus upped their price objective on Alliant Energy from $70.00 to $75.00 in a research note on Thursday, August 18th. UBS Group lifted their target price on Alliant Energy to $58.00 in a research note on Monday. Finally, Wells Fargo & Company decreased their price target on shares of Alliant Energy from $66.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 19th.

Alliant Energy Price Performance

Alliant Energy stock opened at $55.34 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.58. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 3.33 and a beta of 0.51. The firm has a 50-day moving average of $51.38 and a two-hundred day moving average of $57.01. Alliant Energy has a 1 year low of $47.19 and a 1 year high of $65.37.

Alliant Energy (NASDAQ:LNTGet Rating) last issued its earnings results on Monday, November 7th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). The firm had revenue of $1.14 billion during the quarter. Alliant Energy had a return on equity of 11.12% and a net margin of 16.52%. On average, research analysts forecast that Alliant Energy will post 2.81 earnings per share for the current year.

Alliant Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were issued a $0.4275 dividend. This represents a $1.71 annualized dividend and a yield of 3.09%. The ex-dividend date was Friday, October 28th. Alliant Energy’s dividend payout ratio is presently 64.53%.

Hedge Funds Weigh In On Alliant Energy

Hedge funds have recently modified their holdings of the stock. James Investment Research Inc. acquired a new position in shares of Alliant Energy in the third quarter valued at about $25,000. Vectors Research Management LLC increased its holdings in Alliant Energy by 477.4% in the 2nd quarter. Vectors Research Management LLC now owns 485 shares of the company’s stock worth $28,000 after buying an additional 401 shares during the period. MCF Advisors LLC purchased a new position in Alliant Energy during the 1st quarter worth approximately $29,000. Rise Advisors LLC acquired a new stake in Alliant Energy during the 2nd quarter valued at approximately $31,000. Finally, Clear Street Markets LLC boosted its holdings in shares of Alliant Energy by 408.7% in the 2nd quarter. Clear Street Markets LLC now owns 524 shares of the company’s stock valued at $31,000 after acquiring an additional 421 shares during the last quarter. Institutional investors and hedge funds own 74.84% of the company’s stock.

Alliant Energy Company Profile

(Get Rating)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

Further Reading

Analyst Recommendations for Alliant Energy (NASDAQ:LNT)

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