Alliant Energy (NASDAQ:LNT) Stock Price Expected to Rise, UBS Group Analyst Says

Alliant Energy (NASDAQ:LNT - Get Free Report) had its target price increased by analysts at UBS Group from $65.00 to $67.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective points to a potential upside of 7.93% from the company's previous close.

Several other brokerages have also issued reports on LNT. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. BMO Capital Markets dropped their target price on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research report on Monday, July 7th. Finally, Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy has an average rating of "Hold" and an average target price of $64.23.

Alliant Energy Price Performance

Shares of LNT stock traded down $0.52 during trading hours on Friday, reaching $62.08. The stock had a trading volume of 1,231,138 shares, compared to its average volume of 1,730,578. The stock's fifty day simple moving average is $61.25 and its 200 day simple moving average is $61.08. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 1.21. Alliant Energy has a 12 month low of $53.12 and a 12 month high of $66.54. The firm has a market capitalization of $15.95 billion, a PE ratio of 19.10, a PEG ratio of 2.93 and a beta of 0.56.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LNT. Hughes Financial Services LLC purchased a new position in shares of Alliant Energy in the first quarter worth $27,000. Alpine Bank Wealth Management purchased a new position in shares of Alliant Energy in the first quarter worth $29,000. Tsfg LLC purchased a new position in shares of Alliant Energy in the first quarter worth $34,000. TD Private Client Wealth LLC purchased a new position in shares of Alliant Energy in the first quarter worth $34,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of Alliant Energy in the first quarter worth $34,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

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.