Analysts Set Alliant Energy Co. (NASDAQ:LNT) PT at $50.71

Shares of Alliant Energy Co. (NASDAQ:LNT) have earned an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $50.71.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Bank of America lowered their price objective on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. LADENBURG THALM/SH SH cut their target price on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Finally, Scotiabank decreased their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $50.85 on Tuesday. The company has a 50 day simple moving average of $49.07 and a two-hundred day simple moving average of $49.57. Alliant Energy has a 1 year low of $45.15 and a 1 year high of $56.26. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40. The firm has a market cap of $13.02 billion, a PE ratio of 18.49, a PEG ratio of 2.71 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Friday, May 3rd. The company reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Alliant Energy had a net margin of 17.53% and a return on equity of 10.64%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. Analysts expect that Alliant Energy will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.78%. Alliant Energy’s dividend payout ratio is 69.82%.

Insider Buying and Selling at Alliant Energy

In related news, CEO Lisa M. Barton acquired 1,100 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were acquired at an average cost of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the transaction, the chief executive officer now directly owns 36,444 shares in the company, valued at approximately $1,769,720.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of Alliant Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Wetzel Investment Advisors Inc. purchased a new stake in shares of Alliant Energy in the fourth quarter valued at approximately $26,000. Gables Capital Management Inc. lifted its holdings in shares of Alliant Energy by 68.4% in the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after buying an additional 212 shares during the period. Scarborough Advisors LLC bought a new position in shares of Alliant Energy during the 4th quarter worth $28,000. Christopher J. Hasenberg Inc purchased a new position in shares of Alliant Energy during the first quarter valued at $32,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Alliant Energy by 252.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after acquiring an additional 474 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

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.