Shares of Alliant Energy Co. (NYSE:LNT) have been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $43.33.
Several research firms recently commented on LNT. Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. ValuEngine upgraded Alliant Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 27th.
Shares of Alliant Energy stock traded down $0.04 during midday trading on Monday, hitting $42.32. 1,553,760 shares of the company were exchanged, compared to its average volume of 1,609,440. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.35 and a quick ratio of 0.25. The company has a market capitalization of $9.80 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 3.58 and a beta of 0.31. Alliant Energy has a 52 week low of $36.84 and a 52 week high of $45.55.
Alliant Energy (NYSE:LNT) last posted its earnings results on Wednesday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The business had revenue of $916.30 million during the quarter, compared to the consensus estimate of $879.69 million. Alliant Energy had a return on equity of 11.41% and a net margin of 14.17%. Alliant Energy’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. equities analysts anticipate that Alliant Energy will post 2.12 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Federated Investors Inc. PA bought a new position in Alliant Energy in the 1st quarter valued at $200,000. Security National Bank bought a new stake in shares of Alliant Energy during the fourth quarter worth $213,000. Two Sigma Securities LLC bought a new stake in shares of Alliant Energy during the fourth quarter worth $215,000. IBM Retirement Fund bought a new stake in shares of Alliant Energy during the first quarter worth $208,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Alliant Energy during the first quarter worth $214,000. Hedge funds and other institutional investors own 72.57% 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 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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