Alliant Energy (NASDAQ:LNT) Stock Bumped Up to "Sell" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Alliant Energy from “strong sell” to “sell.” However, analyst consensus remains “Moderate Buy,” with seven Buy and six Hold ratings and an average price target of $75.23.
• Alliant Energy reported quarterly EPS of $1.52, beating the $1.31 consensus, and revenue of $1.28 billion, above estimates and up 6.2% year over year.
• The shares fell 1.0% and opened at $72.67; institutional investors and hedge funds own 79.9% of the company’s stock.

Alliant Energy (NASDAQ:LNT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "sell" rating in a note issued to investors on Sunday, Wall Street Zen reports.

LNT has been the subject of several other research reports. Barclays set a $68.00 price objective on shares of Alliant Energy and gave the company an "equal weight" rating in a research note on Tuesday, October 13th. Wells Fargo & Company lifted their target price on Alliant Energy from $81.00 to $82.00 and gave the stock an "overweight" rating in a research report on Monday, November 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Alliant Energy in a report on Monday, October 26th. HSBC assumed coverage on Alliant Energy in a report on Thursday, October 22nd. They issued a "hold" rating and a $69.50 target price for the company. Finally, Royal Bank Of Canada set a $75.00 target price on Alliant Energy in a research report on Wednesday, October 14th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $75.23.

Alliant Energy Stock Down 1.0%

LNT stock opened at $72.67 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.35 and a debt-to-equity ratio of 1.42. Alliant Energy has a twelve month low of $62.54 and a twelve month high of $78.81. The company's 50 day moving average is $67.43 and its two-hundred day moving average is $70.63. The stock has a market cap of $18.85 billion, a P/E ratio of 20.24, a PEG ratio of 3.06 and a beta of 0.51.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.26 billion. Alliant Energy had a net margin of 20.74% and a return on equity of 12.43%. The company's revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. Research analysts expect that Alliant Energy will post 3.43 earnings per share for the current fiscal year.

Institutional Trading of Alliant Energy

Large investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in Alliant Energy by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company's stock worth $808,996,000 after purchasing an additional 138,683 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Alliant Energy in the second quarter valued at about $837,468,000. Pictet Asset Management Holding SA raised its holdings in shares of Alliant Energy by 8.2% in the third quarter. Pictet Asset Management Holding SA now owns 3,608,498 shares of the company's stock valued at $228,418,000 after buying an additional 273,392 shares during the last quarter. Magellan Asset Management Ltd purchased a new stake in shares of Alliant Energy in the second quarter valued at about $151,629,000. Finally, Legal & General Group Plc acquired a new stake in shares of Alliant Energy during the second quarter worth about $143,968,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electric and natural gas services through its subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company. Its service territory includes communities across Iowa and Wisconsin.

The company's operations include generating, transmitting and distributing electricity, as well as distributing natural gas. Its energy portfolio includes a mix of resources, including wind and solar power, natural gas and other generation sources.

Alliant Energy traces its roots to utility businesses that served the Midwest in the early 20th century.

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