Alliant Energy (LNT) Downgraded to “Market Perform” at Wells Fargo & Co

Alliant Energy (NYSE:LNT) was downgraded by Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, December 18th, Marketbeat.com reports.

Other equities research analysts also recently issued reports about the company. Bank of America assumed coverage on Alliant Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price objective for the company. Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.17.

Alliant Energy (NYSE LNT) traded down $0.31 on Monday, reaching $39.53. The company’s stock had a trading volume of 1,642,836 shares, compared to its average volume of 1,330,881. Alliant Energy has a twelve month low of $36.56 and a twelve month high of $45.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.51. The company has a market capitalization of $9,211.18, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 2.94 and a beta of 0.46.

Alliant Energy (NYSE:LNT) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.13). Alliant Energy had a net margin of 13.13% and a return on equity of 11.02%. The company had revenue of $907.00 million for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $0.80 earnings per share. Alliant Energy’s revenue was down 1.9% compared to the same quarter last year. sell-side analysts predict that Alliant Energy will post 1.96 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Mosaic Family Wealth LLC lifted its position in shares of Alliant Energy by 0.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock valued at $130,000 after buying an additional 25 shares in the last quarter. Veritable L.P. lifted its position in shares of Alliant Energy by 0.3% during the 2nd quarter. Veritable L.P. now owns 8,033 shares of the utilities provider’s stock valued at $323,000 after buying an additional 28 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Alliant Energy by 1.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 22,900 shares of the utilities provider’s stock valued at $920,000 after buying an additional 240 shares in the last quarter. Federated Investors Inc. PA lifted its position in shares of Alliant Energy by 8.2% during the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after buying an additional 326 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Alliant Energy by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 4,632 shares of the utilities provider’s stock valued at $186,000 after buying an additional 351 shares in the last quarter. 68.49% of the stock is currently owned by institutional investors and hedge funds.

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Alliant Energy Company Profile

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.

Analyst Recommendations for Alliant Energy (NYSE:LNT)

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