Alliant Energy (NASDAQ:LNT) Rating Lowered to "Underweight" at Barclays

Alliant Energy (NASDAQ:LNT - Get Free Report) was downgraded by Barclays from an "equal weight" rating to an "underweight" rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. They currently have a $61.00 target price on the stock, up from their prior target price of $59.00. Barclays's price target would suggest a potential upside of 0.43% from the company's previous close.

LNT has been the subject of several other reports. UBS Group raised their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Guggenheim reaffirmed a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Finally, 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 report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $63.55.

Alliant Energy Price Performance

Shares of Alliant Energy stock traded down $0.59 during trading hours on Tuesday, reaching $60.74. 1,328,548 shares of the company's stock were exchanged, compared to its average volume of 1,607,317. The business has a fifty day moving average of $62.34 and a two-hundred day moving average of $60.85. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $15.60 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. Alliant Energy has a 1 year low of $49.05 and a 1 year high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The business had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. As a group, research analysts predict that Alliant Energy will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of Alliant Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in Alliant Energy during the 1st quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy in the 4th quarter valued at $29,000. Tsfg LLC purchased a new stake in Alliant Energy in the 1st quarter valued at $34,000. ORG Partners LLC boosted its stake 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 period. Finally, Larson Financial Group LLC grew its position in Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after purchasing an additional 291 shares during the last quarter. Institutional investors and hedge funds own 79.90% 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 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.