Alliant Energy (NASDAQ:LNT) PT Raised to $61.00 at Mizuho

Alliant Energy (NASDAQ:LNT) had its price objective raised by research analysts at Mizuho from $52.00 to $61.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective would indicate a potential upside of 1.35% from the stock’s current price.

LNT has been the subject of a number of other research reports. BMO Capital Markets boosted their target price on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Bank of America boosted their price objective on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Scotiabank increased their price objective on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Barclays lifted their target price on shares of Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company increased their price target on Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.25.

Alliant Energy Stock Down 0.6 %

LNT opened at $60.19 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. The company has a market cap of $15.44 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.90 and a beta of 0.58. Alliant Energy has a one year low of $46.73 and a one year high of $61.09. The business’s fifty day moving average is $58.33 and its two-hundred day moving average is $53.42.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $894.00 million for the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. Analysts anticipate that Alliant Energy will post 3.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Alliant Energy

Several hedge funds and other institutional investors have recently bought and sold shares of LNT. Great Waters Wealth Management acquired a new position in Alliant Energy during the 3rd quarter worth $209,000. First Citizens Financial Corp bought a new position in shares of Alliant Energy during the third quarter worth about $237,000. Czech National Bank grew its stake in Alliant Energy by 7.0% in the third quarter. Czech National Bank now owns 52,251 shares of the company’s stock worth $3,171,000 after purchasing an additional 3,396 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Alliant Energy by 7.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock valued at $158,000 after buying an additional 174 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Alliant Energy during the second quarter valued at approximately $1,144,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Company Profile

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.