ValuEngine Upgrades Alliant Energy (LNT) to Buy

ValuEngine upgraded shares of Alliant Energy (NYSE:LNT) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Several other research firms also recently weighed in on LNT. UBS Group boosted their target price on Alliant Energy from $43.00 to $45.00 and gave the company a neutral rating in a research report on Friday, August 10th. Wells Fargo & Co upped their price objective on Alliant Energy from $45.00 to $47.00 and gave the company a market perform rating in a research report on Monday, September 17th. Mizuho assumed coverage on Alliant Energy in a research report on Monday, October 8th. They issued a neutral rating and a $44.00 price objective on the stock. Howard Weil assumed coverage on Alliant Energy in a research report on Tuesday, July 24th. They issued a sector perform rating and a $44.00 price objective on the stock. Finally, Zacks Investment Research downgraded Alliant Energy from a buy rating to a hold rating in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $45.33.

NYSE LNT opened at $43.98 on Wednesday. The company has a market cap of $10.40 billion, a PE ratio of 22.79, a P/E/G ratio of 3.79 and a beta of 0.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. Alliant Energy has a fifty-two week low of $36.84 and a fifty-two week high of $46.05.

Alliant Energy (NYSE:LNT) last released its earnings results on Tuesday, November 6th. The utilities provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The firm had revenue of $928.60 million for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. On average, equities analysts expect that Alliant Energy will post 2.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Tuesday, October 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.43%.

In other Alliant Energy news, Director Deborah B. Dunie acquired 1,250 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were bought at an average price of $43.80 per share, with a total value of $54,750.00. Following the transaction, the director now directly owns 12,300 shares of the company’s stock, valued at approximately $538,740. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

A number of institutional investors have recently made changes to their positions in LNT. First Interstate Bank bought a new position in shares of Alliant Energy during the 2nd quarter worth $110,000. Piedmont Investment Advisors LLC bought a new position in shares of Alliant Energy during the 2nd quarter worth $115,000. Twin Tree Management LP bought a new position in shares of Alliant Energy during the 3rd quarter worth $118,000. BerganKDV Wealth Management LLC bought a new position in shares of Alliant Energy during the 2nd quarter worth $150,000. Finally, Rampart Investment Management Company LLC grew its position in shares of Alliant Energy by 72.4% during the 3rd quarter. Rampart Investment Management Company LLC now owns 4,053 shares of the utilities provider’s stock worth $173,000 after buying an additional 1,702 shares in the last quarter. 71.63% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Alliant Energy (NYSE:LNT)

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