Alliant Energy’s (LNT) Neutral Rating Reiterated at Guggenheim

Guggenheim reissued their neutral rating on shares of Alliant Energy (NASDAQ:LNT) in a research report released on Monday morning,Benzinga reports. The firm currently has a $57.00 price objective on the stock.

Several other equities analysts also recently weighed in on the company. Barclays reduced their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets reduced their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company dropped their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $63.25.

Alliant Energy Stock Performance

NASDAQ LNT opened at $63.85 on Monday. The business’s 50-day moving average price is $59.52 and its 200 day moving average price is $59.76. Alliant Energy has a twelve month low of $46.80 and a twelve month high of $64.19. The company has a market capitalization of $16.38 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. On average, research analysts predict that Alliant Energy will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a $0.5075 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is 75.46%.

Institutional Investors Weigh In On Alliant Energy

A number of large investors have recently modified their holdings of the stock. Columbia River Financial Group LLC acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $456,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $5,206,000. GTS Securities LLC acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $221,000. Ames National Corp acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $340,000. Finally, Waverly Advisors LLC grew its stake in shares of Alliant Energy by 31.8% in the fourth quarter. Waverly Advisors LLC now owns 6,108 shares of the company’s stock valued at $361,000 after buying an additional 1,473 shares in the last quarter. Institutional investors and hedge funds own 79.90% 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 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.