Alliant Energy Corporation (NASDAQ:LNT) Receives Average Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Alliant Energy Corporation (NASDAQ:LNT – Get Free Report) has received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $71.1250.

LNT has been the topic of several recent research reports. Wells Fargo & Company began coverage on shares of Alliant Energy in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $71.00 price objective on the stock. BMO Capital Markets raised Alliant Energy from a “market perform” rating to an “outperform” rating and upped their price target for the company from $70.00 to $71.00 in a report on Tuesday, January 13th. Barclays raised Alliant Energy from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $65.00 to $67.00 in a research note on Wednesday, January 21st. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. Finally, Argus reiterated a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th.

Read Our Latest Report on Alliant Energy

Alliant Energy Trading Up 2.2%

Alliant Energy stock opened at $71.19 on Monday. Alliant Energy has a 12-month low of $57.09 and a 12-month high of $71.38. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.70. The stock has a market capitalization of $18.30 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.84 and a beta of 0.67. The firm has a 50 day simple moving average of $66.13 and a 200-day simple moving average of $66.35.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be issued a $0.535 dividend. The ex-dividend date is Friday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio is 67.30%.

Hedge Funds Weigh In On Alliant Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in Alliant Energy by 103.8% during the 1st quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock valued at $4,292,000 after purchasing an additional 33,978 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after buying an additional 538,603 shares in the last quarter. Empowered Funds LLC raised its position in Alliant Energy by 18.8% during the first quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after buying an additional 974 shares during the period. Woodline Partners LP lifted its stake in Alliant Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock worth $1,395,000 after acquiring an additional 6,269 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Alliant Energy by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Company Profile

(Get Free Report)

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.

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