Alliant Energy (NASDAQ:LNT) PT Raised to $61.00 at Barclays

Alliant Energy (NASDAQ:LNT) had its price target hoisted by research analysts at Barclays from $55.00 to $61.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential downside of 0.13% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group assumed coverage on shares of Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective on the stock. BMO Capital Markets increased their price objective on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Mizuho increased their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Scotiabank upped their target price on shares of Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, UBS Group upped their target price on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.83.

Alliant Energy Stock Up 1.2 %

LNT opened at $61.08 on Monday. The firm’s 50-day simple moving average is $58.86 and its 200-day simple moving average is $54.01. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. Alliant Energy has a twelve month low of $46.80 and a twelve month high of $61.65. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.83 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The firm had revenue of $894.00 million during the quarter, compared to the consensus estimate of $897.03 million. During the same period in the previous year, the company posted $0.64 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Alliant Energy will post 3.05 EPS for the current fiscal year.

Institutional Trading of Alliant Energy

A number of hedge funds have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in shares of Alliant Energy by 7.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock valued at $158,000 after acquiring an additional 174 shares during the period. City State Bank increased its stake in Alliant Energy by 0.3% during the 2nd quarter. City State Bank now owns 71,147 shares of the company’s stock worth $3,621,000 after purchasing an additional 195 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Alliant Energy by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after purchasing an additional 200 shares in the last quarter. Retirement Systems of Alabama increased its stake in Alliant Energy by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock worth $2,879,000 after purchasing an additional 236 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Alliant Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock worth $3,585,000 after purchasing an additional 239 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

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.