Alliant Energy (NASDAQ:LNT) Given New $61.00 Price Target at Barclays

Alliant Energy (NASDAQ:LNTFree Report) had its target price boosted by Barclays from $55.00 to $61.00 in a report issued on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

LNT has been the subject of several other reports. Jefferies Financial Group initiated coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They issued a hold rating and a $67.00 target price for the company. Scotiabank boosted their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a sector outperform rating in a research note on Tuesday, August 20th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a neutral rating to a buy rating and boosted their price target for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. BMO Capital Markets boosted their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a market perform rating in a research note on Tuesday, August 6th. Finally, Mizuho boosted their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a neutral rating in a research note on Friday, October 4th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Alliant Energy presently has an average rating of Hold and an average price target of $62.83.

Check Out Our Latest Research Report on LNT

Alliant Energy Stock Up 1.2 %

LNT opened at $60.38 on Monday. Alliant Energy has a one year low of $46.80 and a one year high of $61.09. The company has a fifty day moving average price of $58.75 and a 200-day moving average price of $53.93. The firm has a market capitalization of $15.48 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 2.83 and a beta of 0.58. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48.

Alliant Energy (NASDAQ:LNTGet Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The company had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. During the same quarter last year, the firm posted $0.64 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. Equities research analysts expect that Alliant Energy will post 3.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alliant Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its stake in shares of Alliant Energy by 7.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock valued at $158,000 after acquiring an additional 174 shares during the last quarter. City State Bank lifted its holdings in Alliant Energy by 0.3% in the second quarter. City State Bank now owns 71,147 shares of the company’s stock worth $3,621,000 after buying an additional 195 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Alliant Energy by 0.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after buying an additional 200 shares during the period. Retirement Systems of Alabama lifted its holdings in Alliant Energy by 0.4% in the second quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock worth $2,879,000 after buying an additional 236 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Alliant Energy by 0.3% in the second quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock worth $3,585,000 after buying an additional 239 shares during the period. 79.90% of the stock is owned by institutional investors.

Alliant Energy Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Alliant Energy (NASDAQ:LNT)

Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.