Alliant Energy (NASDAQ:LNT) Price Target Cut to $48.00 by Analysts at LADENBURG THALM/SH SH

Alliant Energy (NASDAQ:LNT) had its price objective cut by LADENBURG THALM/SH SH from $48.50 to $48.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. LADENBURG THALM/SH SH’s price objective indicates a potential downside of 3.48% from the stock’s current price.

A number of other research firms have also recently commented on LNT. BMO Capital Markets upped their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Bank of America cut their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Scotiabank cut their price target on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Finally, Barclays reaffirmed an “equal weight” rating and issued a $53.00 price objective (up from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy has an average rating of “Hold” and a consensus target price of $50.71.

Alliant Energy Trading Up 1.3 %

LNT stock traded up $0.62 during mid-day trading on Monday, reaching $49.73. 470,070 shares of the stock traded hands, compared to its average volume of 1,900,667. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. Alliant Energy has a one year low of $45.15 and a one year high of $56.26. The stock has a market capitalization of $12.74 billion, a PE ratio of 17.90, a PEG ratio of 2.65 and a beta of 0.55. The business has a 50-day moving average price of $48.90 and a two-hundred day moving average price of $49.54.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). The company had revenue of $961.00 million during the quarter, compared to the consensus estimate of $1.25 billion. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. During the same quarter in the previous year, the company posted $0.46 earnings per share. Equities research analysts expect that Alliant Energy will post 3.07 EPS for the current year.

Insider Buying and Selling at Alliant Energy

In other news, CEO Lisa M. Barton purchased 1,100 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of $48.56 per share, with a total value of $53,416.00. Following the completion of the transaction, the chief executive officer now owns 36,444 shares in the company, valued at approximately $1,769,720.64. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Alliant Energy

Several hedge funds have recently modified their holdings of LNT. Wetzel Investment Advisors Inc. acquired a new position in shares of Alliant Energy during the fourth quarter valued at about $26,000. Gables Capital Management Inc. increased its holdings in shares of Alliant Energy by 68.4% during the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after acquiring an additional 212 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Alliant Energy in the 4th quarter worth approximately $28,000. Christopher J. Hasenberg Inc acquired a new position in Alliant Energy in the 1st quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC raised its position in Alliant Energy by 252.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock worth $34,000 after buying an additional 474 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Company Profile

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.