Alliant Energy (NASDAQ:LNT - Get Free Report) had its price objective decreased by LADENBURG THALM/SH SH from $48.50 to $48.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. LADENBURG THALM/SH SH's price target would suggest a potential downside of 3.56% from the stock's current price.
LNT has been the subject of several other reports. Bank of America lowered their target price on Alliant Energy from $55.00 to $54.00 and set a "buy" rating for the company in a research report on Thursday, April 11th. Scotiabank lowered their target price on Alliant Energy from $57.00 to $53.00 and set a "sector outperform" rating for the company in a research report on Monday, April 22nd. BMO Capital Markets raised their target price on Alliant Energy from $51.00 to $53.00 and gave the stock a "market perform" rating in a research report on Monday, April 15th. Finally, Barclays reaffirmed an "equal weight" rating and set a $53.00 target price (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alliant Energy has a consensus rating of "Hold" and a consensus price target of $50.71.
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Alliant Energy Price Performance
Shares of LNT traded up $0.65 during trading hours on Monday, reaching $49.77. The stock had a trading volume of 1,661,569 shares, compared to its average volume of 1,915,445. Alliant Energy has a 12 month low of $45.15 and a 12 month high of $56.26. The stock has a market capitalization of $12.75 billion, a PE ratio of 17.90, a PEG ratio of 2.65 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. The company's 50-day moving average is $48.93 and its two-hundred day moving average is $49.55.
Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.07). Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. Research analysts expect that Alliant Energy will post 3.07 EPS for the current year.
Insider Activity
In other Alliant Energy news, CEO Lisa M. Barton acquired 1,100 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $48.56 per share, with a total value of $53,416.00. Following the purchase, the chief executive officer now directly owns 36,444 shares of the company's stock, valued at $1,769,720.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by company insiders.
Institutional Trading of Alliant Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Centennial Wealth Advisory LLC increased its position in Alliant Energy by 3.7% in the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company's stock valued at $302,000 after buying an additional 210 shares in the last quarter. Gables Capital Management Inc. increased its holdings in Alliant Energy by 68.4% during the 4th 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. IFM Investors Pty Ltd increased its holdings in Alliant Energy by 0.3% during the 4th quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company's stock worth $4,061,000 after purchasing an additional 233 shares in the last quarter. Lincoln National Corp increased its holdings in Alliant Energy by 5.0% during the 3rd quarter. Lincoln National Corp now owns 5,025 shares of the company's stock worth $243,000 after purchasing an additional 238 shares in the last quarter. Finally, Goldstein Advisors LLC increased its holdings in Alliant Energy by 1.1% during the 4th quarter. Goldstein Advisors LLC now owns 22,093 shares of the company's stock worth $1,133,000 after purchasing an additional 240 shares in the last quarter. 79.90% of the stock is owned by institutional investors.
Alliant Energy Company Profile
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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.
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