Alliant Energy (NYSE:LNT) had its price target cut by research analysts at Barclays from $60.00 to $48.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective would suggest a potential upside of 3.54% from the company’s current price.

Several other equities analysts also recently commented on the company. Mizuho lowered their price target on Alliant Energy from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Scotiabank raised Alliant Energy from a “sector perform” rating to a “sector outperform” rating and set a $60.00 price objective for the company in a research report on Friday, December 20th. UBS Group increased their price objective on Alliant Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Guggenheim raised Alliant Energy from a “neutral” rating to a “buy” rating in a research report on Monday, March 16th. Finally, Wells Fargo & Co reissued a “positive” rating and issued a $65.00 price objective (up from $59.00) on shares of Alliant Energy in a research report on Monday, February 24th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Alliant Energy has an average rating of “Buy” and an average target price of $55.50.

LNT stock traded up $2.18 during midday trading on Thursday, hitting $46.36. 76,249 shares of the company traded hands, compared to its average volume of 1,969,422. Alliant Energy has a twelve month low of $37.66 and a twelve month high of $60.28. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15. The business has a 50 day simple moving average of $54.22 and a 200-day simple moving average of $54.02. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18.

Alliant Energy (NYSE:LNT) last announced its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company had revenue of $880.10 million for the quarter, compared to the consensus estimate of $869.08 million. During the same quarter last year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts forecast that Alliant Energy will post 2.15 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of LNT. Accurate Investment Solutions Inc. increased its stake in Alliant Energy by 134.3% in the 4th quarter. Accurate Investment Solutions Inc. now owns 588 shares of the utilities provider’s stock worth $32,000 after buying an additional 337 shares in the last quarter. Vigilant Capital Management LLC purchased a new position in shares of Alliant Energy during the fourth quarter valued at about $44,000. Parallel Advisors LLC grew its position in shares of Alliant Energy by 24.6% during the fourth quarter. Parallel Advisors LLC now owns 917 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 181 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in shares of Alliant Energy during the fourth quarter valued at about $92,000. Finally, Retirement Network purchased a new position in shares of Alliant Energy during the fourth quarter valued at about $94,000. 71.12% of the stock is owned by institutional investors.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.

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Analyst Recommendations for Alliant Energy (NYSE:LNT)

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