Alliant Energy Co. (NASDAQ: LNT – Get a rating) has been assigned a consensus rating of “Hold” by the nine rating agencies that currently cover the company, MarketBeat.com reports. One research analyst rated the stock with a sell recommendation, five gave the company a hold recommendation and two gave the company a buy recommendation. The 1-year average price target among brokerages that have issued ratings on the stock in the past year is $61.50.
Several equity research analysts have recently released reports on LNT shares. Wells Fargo & Company lowered its price target on Alliant Energy from $61.00 to $60.00 and set an “equal weight” rating on the stock in a Tuesday, February 22 research report. Bank of America downgraded Alliant Energy from a ‘neutral’ to an ‘underperforming’ rating and raised its price target for the stock from $57.00 to $60.00 in a Wednesday research note January 19.
Major investors have recently increased or reduced their stake in the company. BlackRock Inc. increased its stake in Alliant Energy by 5.3% during the fourth quarter. BlackRock Inc. now owns 27,301,825 shares of the company valued at $1,678,241,000 after purchasing an additional 1,374,318 shares last quarter. State Street Corp increased its stake in Alliant Energy by 0.4% in the fourth quarter. State Street Corp now owns 12,671,173 shares of the company valued at $778,897,000 after purchasing an additional 47,849 shares last quarter. Victory Capital Management Inc. increased its stake in Alliant Energy by 10.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,971,959 shares of the company valued at $367,096,000 after purchasing an additional 563,158 shares last quarter. Geode Capital Management LLC increased its equity stake in Alliant Energy by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 4,932,020 shares of the company valued at $302,438,000 after purchasing an additional 157,132 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Alliant Energy shares by 2.3% during the third quarter. Franklin Resources Inc. now owns 4,045,071 shares of the company valued at $226,442,000 after purchasing an additional 90,650 shares in the last quarter. 74.42% of the shares are held by institutional investors.
Shares of Stock LNT traded at $1.38 on Monday, reaching $61.74. 16,074 shares of shares traded in hands, compared to its average volume of 1,133,522. The company has a leverage ratio of 1.12, a current ratio of 0.52 and a quick ratio of 0.40. The company has a market capitalization of $15.48 billion, a PE ratio of 24.09, a PEG ratio of 3.93 and a beta of 0.44. Alliant Energy has a 1-year low of $54.46 and a 1-year high of $65.37. The company’s fifty-day moving average is $60.88 and its 200-day moving average is $59.08.
Allied Energy (NASDAQ: LNT – Get a rating) last released its quarterly results on Thursday, February 17. The company reported earnings per share (EPS) of $0.35 for the quarter, matching Thomson Reuters consensus estimate of $0.35. The company had revenue of $927.00 million for the quarter. Alliant Energy had a return on equity of 11.44% and a net margin of 18.37%. In the same period a year earlier, the company posted earnings per share of $0.24. As a group, equity research analysts expect Alliant Energy to post EPS of 2.74 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 16. Shareholders of record on Friday, April 29 will receive a dividend of $0.428. This is a boost from Alliant Energy’s previous quarterly dividend of $0.43. The ex-date of this dividend is Thursday, April 28. This represents an annualized dividend of $1.71 and a dividend yield of 2.77%. Alliant Energy’s dividend payout ratio is currently 65.27%.
Alliant Energy Company Profile (Get a rating)
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electricity Operations, Utility Gas Operations and Other Utilities. 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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