Shares of Alliant Energy Corp. (NYSE:LNT) have been given a consensus rating of “Buy” by the seven ratings firms that are covering the firm. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $39.30.

A number of equities analysts recently weighed in on LNT shares. Argus boosted their price target on shares of Alliant Energy Corp. from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, August 25th. Guggenheim initiated coverage on Alliant Energy Corp. in a research note on Thursday, November 3rd. They issued a “neutral” rating on the stock.

In related news, Director Deborah B. Dunie purchased 1,350 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were purchased at an average cost of $37.24 per share, for a total transaction of $50,274.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. British Columbia Investment Management Corp boosted its stake in shares of Alliant Energy Corp. by 114.7% in the second quarter. British Columbia Investment Management Corp now owns 187,148 shares of the company’s stock valued at $7,430,000 after buying an additional 99,998 shares in the last quarter. LifePlan Financial Group Inc boosted its stake in shares of Alliant Energy Corp. by 100.0% in the second quarter. LifePlan Financial Group Inc now owns 6,980 shares of the company’s stock valued at $277,000 after buying an additional 3,490 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Alliant Energy Corp. by 93.0% in the second quarter. Raymond James Trust N.A. now owns 8,566 shares of the company’s stock valued at $340,000 after buying an additional 4,128 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE boosted its stake in shares of Alliant Energy Corp. by 100.0% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 6,600 shares of the company’s stock valued at $262,000 after buying an additional 3,300 shares in the last quarter. Finally, Iowa State Bank boosted its stake in shares of Alliant Energy Corp. by 100.0% in the second quarter. Iowa State Bank now owns 13,684 shares of the company’s stock valued at $543,000 after buying an additional 6,842 shares in the last quarter. Hedge funds and other institutional investors own 65.87% of the company’s stock.

Alliant Energy Corp. (NYSE:LNT) opened at 35.75 on Monday. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 23.66 and a beta of 0.39. The company’s 50-day moving average is $36.78 and its 200-day moving average is $38.20. Alliant Energy Corp. has a 52-week low of $29.07 and a 52-week high of $40.99.

Alliant Energy Corp. (NYSE:LNT) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by $0.11. The company earned $924.60 million during the quarter, compared to analysts’ expectations of $1.45 billion. Alliant Energy Corp. had a return on equity of 10.84% and a net margin of 10.82%. Alliant Energy Corp.’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. On average, analysts expect that Alliant Energy Corp. will post $1.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were given a dividend of $0.2938 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, October 27th. Alliant Energy Corp.’s dividend payout ratio is presently 77.23%.

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Alliant Energy Corp. Company Profile

Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL).

5 Day Chart for NYSE:LNT

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