Alliant Energy (NASDAQ:LNT) PT Raised to $56.00

Alliant Energy (NASDAQ:LNT - Free Report) had its target price upped by Wells Fargo & Company from $55.00 to $56.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently weighed in on LNT. LADENBURG THALM/SH SH reduced their price target on Alliant Energy from $48.50 to $48.00 and set a neutral rating for the company in a research report on Monday, April 29th. BMO Capital Markets raised their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the company a market perform rating in a research report on Monday, April 15th. Scotiabank lowered their target price on shares of Alliant Energy from $57.00 to $53.00 and set a sector outperform rating on the stock in a research note on Monday, April 22nd. Finally, Bank of America reduced their price target on shares of Alliant Energy from $55.00 to $54.00 and set a buy rating for the company in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Alliant Energy has a consensus rating of Hold and a consensus target price of $51.38.

Alliant Energy Trading Down 0.7 %

Shares of LNT stock traded down $0.35 during mid-day trading on Monday, reaching $50.50. 1,281,936 shares of the stock traded hands, compared to its average volume of 1,916,357. The stock's fifty day simple moving average is $49.07 and its two-hundred day simple moving average is $49.56. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.25. Alliant Energy has a 1-year low of $45.15 and a 1-year high of $56.26. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business's quarterly revenue was down 4.3% on a year-over-year basis. On average, research analysts anticipate that Alliant Energy will post 3.08 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.80%. Alliant Energy's payout ratio is 69.82%.

Insider Buying and Selling

In other news, CEO Lisa M. Barton acquired 1,100 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average price of $48.56 per share, with a total value of $53,416.00. Following the completion of the acquisition, the chief executive officer now directly owns 36,444 shares of the company's stock, valued at approximately $1,769,720.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of Alliant Energy

Several institutional investors and hedge funds have recently made changes to their positions in LNT. Wetzel Investment Advisors Inc. bought a new position in shares of Alliant Energy in the 4th quarter worth $26,000. Gables Capital Management Inc. raised its holdings in Alliant Energy by 68.4% in the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company's stock worth $27,000 after purchasing an additional 212 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of Alliant Energy in the 4th quarter valued at about $28,000. Christopher J. Hasenberg Inc purchased a new position in shares of Alliant Energy in the first quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Alliant Energy by 252.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company's stock valued at $34,000 after acquiring an additional 474 shares during the last quarter. 79.90% of the stock is currently owned by 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.