Analysts Set Alliant Energy Co. (NASDAQ:LNT) PT at $63.39

Shares of Alliant Energy Co. (NASDAQ:LNT) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $63.39.

A number of research analysts recently issued reports on the company. Jefferies Financial Group started coverage on Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price target on the stock. Wells Fargo & Company reduced their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Mizuho raised their price target on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. UBS Group boosted their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Barclays cut their target price 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.

Institutional Investors Weigh In On Alliant Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its stake in 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 in the last quarter. Northwest Investment Counselors LLC purchased a new position in Alliant Energy in the third quarter worth about $28,000. Eastern Bank bought a new position in shares of Alliant Energy in the third quarter worth approximately $30,000. JNBA Financial Advisors purchased a new stake in shares of Alliant Energy during the third quarter valued at approximately $31,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Alliant Energy during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $57.36 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. The firm has a market cap of $14.72 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60. The business has a 50 day moving average price of $60.14 and a 200-day moving average price of $58.30.

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

Alliant Energy Announces Dividend

The firm 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. The ex-dividend date was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.35%. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

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.