Alliant Energy (NASDAQ:LNT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alliant Energy (NASDAQ:LNT) from a strong sell rating to a sell rating in a report released on Sunday morning,Wall Street Zen reports.

Several other analysts have also weighed in on LNT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a report on Monday, October 26th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Alliant Energy in a report on Monday, October 12th. Royal Bank Of Canada set a $75.00 price target on Alliant Energy in a research report on Wednesday, October 14th. Wells Fargo & Company raised their price target on Alliant Energy from $81.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $75.00 price target on shares of Alliant Energy in a report on Wednesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Alliant Energy has an average rating of “Moderate Buy” and an average target price of $75.23.

Alliant Energy Stock Down 0.3%

Shares of NASDAQ LNT opened at $73.24 on Friday. Alliant Energy has a 52-week low of $62.54 and a 52-week high of $78.81. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.38 and a current ratio of 0.51. The business has a fifty day moving average of $67.64 and a two-hundred day moving average of $70.69. The stock has a market cap of $19.00 billion, a PE ratio of 20.40, a PEG ratio of 3.09 and a beta of 0.51.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, October 29th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.21. Alliant Energy had a net margin of 20.74% and a return on equity of 12.43%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts expect that Alliant Energy will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a $0.5350 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. Alliant Energy’s payout ratio is currently 59.61%.

Hedge Funds Weigh In On Alliant Energy

A number of large investors have recently modified their holdings of the stock. Cedar Mountain Advisors LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new position in Alliant Energy during the 2nd quarter worth $27,000. Financial Freedom LLC acquired a new position in Alliant Energy during the 3rd quarter worth $29,000. Jacobi Capital Management LLC acquired a new position in Alliant Energy during the 3rd quarter worth $30,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Alliant Energy during the 2nd quarter worth $32,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electric and natural gas services through its subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company. Its service territory includes communities across Iowa and Wisconsin. The company’s operations include generating, transmitting and distributing electricity, as well as distributing natural gas. Its energy portfolio includes a mix of resources, including wind and solar power, natural gas and other generation sources.