Alliant Energy (NASDAQ:LNT) Lowered to “Sell” at Guggenheim

Guggenheim downgraded shares of Alliant Energy (NASDAQ:LNTGet Rating) from a neutral rating to a sell rating in a research note published on Monday, MarketBeat Ratings reports. The brokerage currently has $46.00 price objective on the stock, down from their prior price objective of $50.00.

A number of other equities research analysts also recently weighed in on LNT. Mizuho downgraded Alliant Energy from a buy rating to a neutral rating and lowered their price target for the company from $64.00 to $55.00 in a research report on Monday, January 9th. Wolfe Research cut Alliant Energy from an outperform rating to a peer perform rating in a research note on Thursday, October 20th. UBS Group raised their price objective on Alliant Energy to $58.00 in a research note on Monday, November 21st. Credit Suisse Group reduced their price objective on Alliant Energy to $51.00 in a research note on Thursday, October 20th. Finally, BMO Capital Markets raised their price objective on Alliant Energy from $53.00 to $55.00 and gave the company a market perform rating in a research note on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $58.60.

Alliant Energy Trading Down 0.0 %

NASDAQ:LNT opened at $53.88 on Monday. The company has a market cap of $13.53 billion, a P/E ratio of 20.33, a P/E/G ratio of 3.18 and a beta of 0.52. The stock’s fifty day moving average price is $55.15 and its two-hundred day moving average price is $55.90. Alliant Energy has a 1 year low of $47.19 and a 1 year high of $65.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.58.

Alliant Energy (NASDAQ:LNTGet Rating) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). Alliant Energy had a return on equity of 11.12% and a net margin of 16.52%. The business had revenue of $1.14 billion during the quarter. As a group, analysts expect that Alliant Energy will post 2.79 EPS for the current year.

Hedge Funds Weigh In On Alliant Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can grew its position in Alliant Energy by 3.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 117,612 shares of the company’s stock worth $7,714,000 after purchasing an additional 3,451 shares during the period. Prudential PLC bought a new stake in shares of Alliant Energy during the 1st quarter valued at $427,000. National Pension Service grew its position in shares of Alliant Energy by 11,488.8% during the 1st quarter. National Pension Service now owns 371,883 shares of the company’s stock valued at $23,235,000 after acquiring an additional 368,674 shares during the period. Vanguard Group Inc. grew its position in shares of Alliant Energy by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 31,030,199 shares of the company’s stock valued at $1,938,766,000 after acquiring an additional 342,340 shares during the period. Finally, Covestor Ltd grew its position in shares of Alliant Energy by 67.2% during the 1st quarter. Covestor Ltd now owns 1,988 shares of the company’s stock valued at $124,000 after acquiring an additional 799 shares during the period. 75.89% of the stock is currently owned by hedge funds and other institutional investors.

About Alliant Energy

(Get Rating)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

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