Alliant Energy Co. (NYSE:LNT) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $46.10.

LNT has been the topic of a number of analyst reports. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Argus increased their price objective on Alliant Energy from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, December 18th. Mizuho reaffirmed a “hold” rating and set a $44.50 price objective on shares of Alliant Energy in a research note on Thursday, November 29th. ValuEngine lowered Alliant Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Wells Fargo & Co increased their price objective on Alliant Energy from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, September 17th.

A number of large investors have recently modified their holdings of LNT. Dimensional Fund Advisors LP boosted its stake in Alliant Energy by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 616,033 shares of the utilities provider’s stock worth $26,071,000 after buying an additional 6,778 shares during the last quarter. FMR LLC boosted its stake in Alliant Energy by 0.3% in the 2nd quarter. FMR LLC now owns 4,488,080 shares of the utilities provider’s stock worth $189,935,000 after buying an additional 13,288 shares during the last quarter. Korea Investment CORP boosted its stake in Alliant Energy by 331.6% in the 2nd quarter. Korea Investment CORP now owns 45,815 shares of the utilities provider’s stock worth $1,939,000 after buying an additional 35,200 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in Alliant Energy by 90.4% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 14,656 shares of the utilities provider’s stock worth $620,000 after buying an additional 6,960 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in Alliant Energy by 14.1% in the 2nd quarter. AMP Capital Investors Ltd now owns 173,727 shares of the utilities provider’s stock worth $7,351,000 after buying an additional 21,534 shares during the last quarter. 71.12% of the stock is currently owned by hedge funds and other institutional investors.

LNT opened at $41.96 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. The firm has a market cap of $9.93 billion, a P/E ratio of 21.74, a P/E/G ratio of 3.28 and a beta of 0.18. Alliant Energy has a 52 week low of $36.84 and a 52 week high of $46.58.

Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Tuesday, November 6th. The utilities provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $928.60 million for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Equities analysts predict that Alliant Energy will post 2.15 earnings per share for the current fiscal year.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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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Analyst Recommendations for Alliant Energy (NYSE:LNT)

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