BMO Capital Markets Issues Positive Forecast for Alliant Energy (NASDAQ:LNT) Stock Price

Alliant Energy (NASDAQ:LNT) had its target price hoisted by equities research analysts at BMO Capital Markets from $60.00 to $66.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 3.53% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Guggenheim restated a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday. Barclays decreased their target price on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $63.25.

Alliant Energy Stock Down 0.2 %

Alliant Energy stock opened at $63.75 on Monday. The stock has a market cap of $16.36 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.83 and a beta of 0.60. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy has a twelve month low of $46.80 and a twelve month high of $64.19. The company’s 50-day moving average price is $59.60 and its two-hundred day moving average price is $59.82.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $1.14 billion. As a group, analysts expect that Alliant Energy will post 3.23 EPS for the current year.

Hedge Funds Weigh In On Alliant Energy

Hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC raised its stake in Alliant Energy by 14.7% during the third quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock worth $11,915,000 after buying an additional 25,161 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Alliant Energy during the third quarter worth $4,742,000. Principal Financial Group Inc. raised its stake in Alliant Energy by 9.4% during the third quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock worth $71,839,000 after buying an additional 101,387 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Alliant Energy by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock valued at $134,518,000 after purchasing an additional 14,225 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Alliant Energy in the fourth quarter valued at $257,000. Institutional investors 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.