Analysts Set Alliant Energy Co. (LNT) Price Target at $43.33

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Alliant Energy Co. (NYSE:LNT) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $43.33.

LNT has been the subject of a number of recent research reports. Zacks Investment Research raised Alliant Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. ValuEngine raised Alliant Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 27th.

LNT opened at $42.41 on Monday. Alliant Energy has a fifty-two week low of $36.84 and a fifty-two week high of $45.55. 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 stock has a market cap of $9.78 billion, a PE ratio of 21.03, a PEG ratio of 3.58 and a beta of 0.31.

Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Wednesday, May 2nd. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. Alliant Energy had a return on equity of 11.41% and a net margin of 14.17%. The company had revenue of $916.30 million during the quarter, compared to the consensus estimate of $879.69 million. During the same period last year, the business earned $0.44 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. research analysts forecast that Alliant Energy will post 2.12 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of LNT. BlackRock Inc. increased its holdings in shares of Alliant Energy by 13.2% during the 1st quarter. BlackRock Inc. now owns 21,474,303 shares of the utilities provider’s stock valued at $877,438,000 after acquiring an additional 2,502,658 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Alliant Energy by 82.3% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,618,496 shares of the utilities provider’s stock valued at $147,852,000 after acquiring an additional 1,633,558 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Alliant Energy by 10,940.8% during the 1st quarter. Citadel Advisors LLC now owns 1,119,424 shares of the utilities provider’s stock valued at $45,740,000 after acquiring an additional 1,109,285 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Alliant Energy by 284.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 680,200 shares of the utilities provider’s stock valued at $27,793,000 after acquiring an additional 503,300 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Alliant Energy by 42.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,311,800 shares of the utilities provider’s stock valued at $55,896,000 after acquiring an additional 392,100 shares during the last quarter. 72.57% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Alliant Energy (NYSE:LNT)

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