Analysts Set Alliant Energy Co. (LNT) PT at $46.21

Alliant Energy Co. (NYSE:LNT) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $46.21.

LNT has been the topic of a number of research analyst reports. Argus boosted their price objective on shares of Alliant Energy from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 18th. Wolfe Research raised shares of Alliant Energy from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 22nd. Bank of America raised shares of Alliant Energy from an “underperform” rating to a “neutral” rating and set a $44.00 price objective on the stock in a research report on Thursday, January 31st. Barclays initiated coverage on shares of Alliant Energy in a research report on Friday, January 18th. They set an “equal weight” rating and a $45.00 price objective on the stock. Finally, Wells Fargo & Co boosted their price objective on shares of Alliant Energy from $47.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, January 30th.

Shares of NYSE LNT opened at $47.13 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. Alliant Energy has a 52 week low of $38.22 and a 52 week high of $47.91. The firm has a market capitalization of $11.06 billion, a P/E ratio of 24.42, a PEG ratio of 3.28 and a beta of 0.18.

Alliant Energy (NYSE:LNT) last issued its quarterly earnings data on Thursday, February 21st. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $873.50 million for the quarter. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, analysts anticipate that Alliant Energy will post 2.15 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Synovus Financial Corp boosted its holdings in shares of Alliant Energy by 2.3% during the 4th quarter. Synovus Financial Corp now owns 10,230 shares of the utilities provider’s stock valued at $433,000 after buying an additional 230 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Alliant Energy by 6.3% during the 4th quarter. IFP Advisors Inc now owns 4,060 shares of the utilities provider’s stock valued at $171,000 after buying an additional 242 shares in the last quarter. GWM Advisors LLC boosted its holdings in shares of Alliant Energy by 0.5% during the 4th quarter. GWM Advisors LLC now owns 48,270 shares of the utilities provider’s stock valued at $2,039,000 after buying an additional 254 shares in the last quarter. HL Financial Services LLC boosted its stake in Alliant Energy by 2.8% in the 4th quarter. HL Financial Services LLC now owns 9,383 shares of the utilities provider’s stock worth $396,000 after purchasing an additional 260 shares in the last quarter. Finally, Coastline Trust Co boosted its stake in Alliant Energy by 0.9% in the 4th quarter. Coastline Trust Co now owns 31,900 shares of the utilities provider’s stock worth $1,348,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 71.12% 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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