Alliant Energy Corporation (NASDAQ:LNT) Given Consensus Rating of "Hold" by Brokerages

Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) has been assigned an average rating of "Hold" from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $63.95.

Several equities analysts have commented on the stock. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their target price for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. UBS Group lifted their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, BMO Capital Markets dropped their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd.

Hedge Funds Weigh In On Alliant Energy

A number of hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new position in Alliant Energy during the 4th quarter worth about $716,000. IFP Advisors Inc raised its holdings in Alliant Energy by 46.3% during the 4th quarter. IFP Advisors Inc now owns 9,538 shares of the company's stock worth $575,000 after purchasing an additional 3,018 shares during the last quarter. Lake Street Advisors Group LLC acquired a new position in shares of Alliant Energy in the 4th quarter worth approximately $201,000. National Pension Service acquired a new position in shares of Alliant Energy in the 4th quarter worth approximately $22,531,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Alliant Energy by 3.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 30,632 shares of the company's stock valued at $1,812,000 after purchasing an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Down 0.8%

Shares of NASDAQ LNT traded down $0.49 during mid-day trading on Friday, hitting $60.87. The company had a trading volume of 700,244 shares, compared to its average volume of 1,711,128. Alliant Energy has a one year low of $50.76 and a one year high of $66.54. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $15.64 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.85 and a beta of 0.56. The firm has a 50-day simple moving average of $61.14 and a two-hundred day simple moving average of $60.95.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. On average, equities analysts expect that Alliant Energy will post 3.23 EPS for the current year.

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.