Alliant Energy Co. (NYSE:LNT) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $46.94.
A number of research firms have issued reports on LNT. Zacks Investment Research raised Alliant Energy from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Wednesday. Wells Fargo & Co raised their target price on Alliant Energy from $49.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. Bank of America raised Alliant Energy from an “underperform” rating to a “neutral” rating and set a $44.00 target price for the company in a research report on Thursday, January 31st. Wolfe Research raised Alliant Energy from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 22nd. Finally, Barclays began coverage on Alliant Energy in a research report on Friday, January 18th. They issued an “equal weight” rating and a $45.00 target price for the company.
A number of large investors have recently added to or reduced their stakes in LNT. We Are One Seven LLC purchased a new position in shares of Alliant Energy in the fourth quarter valued at $25,000. Oregon Public Employees Retirement Fund lifted its stake in Alliant Energy by 4,072.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,049,786 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 1,024,625 shares during the last quarter. Sontag Advisory LLC bought a new stake in Alliant Energy during the fourth quarter worth about $30,000. Moody National Bank Trust Division bought a new stake in Alliant Energy during the first quarter worth about $45,000. Finally, Sound Income Strategies LLC lifted its stake in Alliant Energy by 24,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,205 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,200 shares during the last quarter. 71.12% of the stock is owned by institutional investors and hedge funds.
Shares of LNT traded up $0.08 on Friday, reaching $45.98. 1,897,953 shares of the company’s stock traded hands, compared to its average volume of 1,585,851. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 3.28 and a beta of 0.18. Alliant Energy has a 52-week low of $38.22 and a 52-week high of $47.91.
Alliant Energy (NYSE:LNT) last issued its quarterly earnings results on Thursday, February 21st. The utilities provider reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company had revenue of $873.50 million during the quarter. During the same period in the previous year, the business posted $0.33 earnings per share. As a group, equities research analysts predict that Alliant Energy will post 2.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio is currently 73.58%.
About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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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