UBS Group Boosts Alliant Energy (NASDAQ:LNT) Price Target to $68.00

Alliant Energy (NASDAQ:LNT) had its price target lifted by investment analysts at UBS Group from $65.00 to $68.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 7.85% from the stock’s previous close.

A number of other equities research analysts have also issued reports on LNT. Guggenheim restated a “neutral” rating and issued a $57.00 price objective on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets raised their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Finally, Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.55.

Alliant Energy Price Performance

Alliant Energy stock opened at $63.05 on Friday. The firm has a market cap of $16.18 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. Alliant Energy has a 52-week low of $47.23 and a 52-week high of $66.54. 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 company’s 50 day moving average is $61.32 and its two-hundred day moving average is $60.53.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. On average, research analysts expect that Alliant Energy will post 3.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC grew its position 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 valued at $26,000 after buying an additional 425 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Alliant Energy in the 4th quarter valued at $29,000. ORG Partners LLC grew its position in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after buying an additional 517 shares during the last quarter. WASHINGTON TRUST Co grew its position in shares of Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after buying an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Alliant Energy in the 4th quarter valued at $53,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

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.