Shares of Alliant Energy Co. (NYSE:LNT) have received a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $46.21.

LNT has been the subject of a number of analyst reports. Zacks Investment Research raised Alliant Energy from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, April 17th. Wolfe Research raised Alliant Energy from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 22nd. Bank of America raised Alliant Energy from an “underperform” rating to a “neutral” rating and set a $44.00 price objective for the company in a research note on Thursday, January 31st. Finally, Wells Fargo & Co boosted their price target on Alliant Energy from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, January 30th.

In related news, Chairman Patricia L. Kampling sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $46.98, for a total value of $469,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $47.50, for a total value of $237,500.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its holdings in Alliant Energy by 2.2% during the 1st quarter. State of Alaska Department of Revenue now owns 141,171 shares of the utilities provider’s stock worth $6,651,000 after acquiring an additional 3,072 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Alliant Energy in the 1st quarter valued at about $12,603,000. Vanguard Group Inc grew its stake in shares of Alliant Energy by 3.3% in the 3rd quarter. Vanguard Group Inc now owns 25,799,199 shares of the utilities provider’s stock valued at $1,098,272,000 after buying an additional 833,075 shares during the period. Prudential PLC grew its stake in shares of Alliant Energy by 6.1% in the 4th quarter. Prudential PLC now owns 19,100 shares of the utilities provider’s stock valued at $807,000 after buying an additional 1,100 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in Alliant Energy by 7.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 19,231 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 1,290 shares in the last quarter. Institutional investors and hedge funds own 71.12% of the company’s stock.

Shares of NYSE LNT traded down $0.04 during midday trading on Thursday, hitting $48.16. The stock had a trading volume of 37,479 shares, compared to its average volume of 1,471,696. The stock has a market capitalization of $11.42 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. Alliant Energy has a fifty-two week low of $38.22 and a fifty-two week high of $48.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73.

Alliant Energy (NYSE:LNT) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The company had revenue of $987.20 million during the quarter, compared to analysts’ expectations of $903.85 million. 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 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. Equities research analysts forecast that Alliant Energy will post 2.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is currently 73.58%.

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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