Alliant Energy Co. (NASDAQ:LNT) Given Average Rating of “Hold” by Analysts

Alliant Energy Co. (NASDAQ:LNT) has been given a consensus rating of “Hold” by the ten analysts that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $63.25.

LNT has been the subject of a number of recent research reports. Guggenheim reissued a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets increased their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. Finally, Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its stake in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after buying an additional 425 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Alliant Energy in the fourth quarter worth about $29,000. ORG Partners LLC raised its holdings in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the last quarter. WASHINGTON TRUST Co lifted its position in Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after purchasing an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Alliant Energy in the 4th quarter valued at about $53,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.1 %

LNT opened at $63.55 on Friday. The company has a market capitalization of $16.31 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.83 and a beta of 0.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm’s fifty day moving average price is $61.19 and its two-hundred day moving average price is $60.49. Alliant Energy has a fifty-two week low of $47.23 and a fifty-two week high of $66.54.

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

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy’s dividend payout ratio is presently 75.46%.

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.