Alliant Energy Co. (NASDAQ:LNT) Receives $63.55 Consensus PT from Brokerages

Alliant Energy Co. (NASDAQ:LNT) has been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $63.55.

LNT has been the subject of a number of research analyst reports. Guggenheim reiterated a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets increased their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Finally, UBS Group boosted their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $60.80 on Tuesday. Alliant Energy has a 52 week low of $48.25 and a 52 week high of $66.54. The company has a 50-day moving average price of $62.38 and a 200 day moving average price of $60.82. The company has a market cap of $15.62 billion, a P/E ratio of 22.60, a PEG ratio of 2.83 and a beta of 0.52. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Research analysts predict that Alliant Energy will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

Institutional Trading of Alliant Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. RDA Financial Network raised its stake in Alliant Energy by 2.4% in the 4th quarter. RDA Financial Network now owns 7,990 shares of the company’s stock valued at $473,000 after purchasing an additional 184 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Alliant Energy by 8.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company’s stock valued at $148,000 after buying an additional 191 shares during the last quarter. Utah Retirement Systems lifted its stake in shares of Alliant Energy by 0.5% during the fourth quarter. Utah Retirement Systems now owns 42,394 shares of the company’s stock valued at $2,507,000 after buying an additional 200 shares during the period. Moss Adams Wealth Advisors LLC boosted its position in Alliant Energy by 5.9% during the first quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company’s stock worth $234,000 after acquiring an additional 201 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Alliant Energy by 5.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company’s stock worth $262,000 after acquiring an additional 211 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in 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.