Alliant Energy (NASDAQ:LNT) Earns "Neutral" Rating from UBS Group

Alliant Energy (NASDAQ:LNT - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at UBS Group in a report released on Friday, Marketbeat.com reports. They currently have a $67.00 price objective on the stock, up from their previous price objective of $65.00. UBS Group's price target would indicate a potential upside of 7.05% from the stock's previous close.

LNT has been the topic of several other research reports. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target on the stock in a research note on Monday, July 7th. BMO Capital Markets cut their target price on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. 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. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy currently has a consensus rating of "Hold" and a consensus price target of $64.23.

Alliant Energy Stock Performance

Shares of LNT stock traded up $0.51 during trading on Friday, reaching $62.59. 1,637,479 shares of the company's stock were exchanged, compared to its average volume of 1,730,206. The company has a quick ratio of 0.24, a current ratio of 0.34 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $16.08 billion, a PE ratio of 21.58, a PEG ratio of 2.93 and a beta of 0.56. Alliant Energy has a twelve month low of $53.12 and a twelve month high of $66.54. The firm's fifty day moving average price is $61.28 and its 200-day moving average price is $61.12.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. As a group, sell-side analysts anticipate that Alliant Energy will post 3.23 EPS for the current year.

Institutional Investors Weigh In On Alliant Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Alliant Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock valued at $2,112,110,000 after buying an additional 158,507 shares during the period. Janus Henderson Group PLC boosted its position in Alliant Energy by 0.7% during the fourth quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company's stock valued at $636,829,000 after acquiring an additional 76,987 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Alliant Energy by 7.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock valued at $414,724,000 after acquiring an additional 499,802 shares during the last quarter. Geode Capital Management LLC boosted its position in Alliant Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock valued at $395,017,000 after acquiring an additional 102,601 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in Alliant Energy by 9,113.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock valued at $247,640,000 after acquiring an additional 4,141,895 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

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.