Alliant Energy Co. (LNT) Receives $44.80 Consensus Target Price from Analysts

Shares of Alliant Energy Co. (NYSE:LNT) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two 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. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.80.

LNT has been the subject of several analyst reports. Zacks Investment Research cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. UBS Group increased their price target on shares of Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Wolfe Research cut shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a research note on Monday, August 13th. Wells Fargo & Co increased their price target on shares of Alliant Energy from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. Finally, Mizuho started coverage on shares of Alliant Energy in a report on Monday, October 8th. They issued a “neutral” rating and a $44.00 price objective on the stock.

Alliant Energy stock opened at $43.98 on Thursday. Alliant Energy has a 1-year low of $36.84 and a 1-year high of $46.05. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59. The company has a market capitalization of $10.38 billion, a PE ratio of 22.79, a PEG ratio of 3.78 and a beta of 0.16.

Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Tuesday, November 6th. The utilities provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The business had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts forecast that Alliant Energy will post 2.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were issued a $0.335 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $1.34 annualized dividend and a dividend yield of 3.05%. Alliant Energy’s dividend payout ratio is currently 69.43%.

In related news, Director Deborah B. Dunie acquired 1,250 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were purchased at an average cost of $43.80 per share, for a total transaction of $54,750.00. Following the acquisition, the director now owns 12,300 shares in the company, valued at approximately $538,740. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Hedge funds have recently modified their holdings of the company. First Interstate Bank acquired a new stake in Alliant Energy during the 2nd quarter worth approximately $110,000. Piedmont Investment Advisors LLC acquired a new stake in Alliant Energy during the 2nd quarter worth approximately $115,000. Twin Tree Management LP acquired a new stake in Alliant Energy during the 3rd quarter worth approximately $118,000. BerganKDV Wealth Management LLC acquired a new stake in Alliant Energy during the 2nd quarter worth approximately $150,000. Finally, Rampart Investment Management Company LLC lifted its holdings in 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. Hedge funds and other institutional investors own 71.63% of the company’s stock.

Alliant Energy Company Profile

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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