UBS Group Raises Alliant Energy (NASDAQ:LNT) Price Target to $58.00

Alliant Energy (NASDAQ:LNTGet Rating) had its target price boosted by UBS Group to $58.00 in a research note published on Monday, Stock Target Advisor reports.

LNT has been the subject of several other research reports. Wells Fargo & Company lowered their price target on Alliant Energy from $66.00 to $57.00 and set an equal weight rating for the company in a report on Wednesday, October 19th. StockNews.com began coverage on Alliant Energy in a report on Wednesday, October 12th. They issued a hold rating for the company. Wolfe Research cut Alliant Energy from an outperform rating to a peer perform rating in a report on Thursday, October 20th. Argus lifted their price target on Alliant Energy from $70.00 to $75.00 in a report on Thursday, August 18th. Finally, Credit Suisse Group lowered their price target on Alliant Energy to $51.00 in a report on Thursday, October 20th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $60.33.

Alliant Energy Trading Up 1.0 %

Alliant Energy stock opened at $55.97 on Monday. The stock has a market cap of $14.05 billion, a PE ratio of 21.12, a P/E/G ratio of 3.34 and a beta of 0.51. The stock has a 50-day moving average price of $51.47 and a 200 day moving average price of $56.96. Alliant Energy has a 52 week low of $47.19 and a 52 week high of $65.37. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNTGet Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). The company had revenue of $1.14 billion for the quarter. Alliant Energy had a return on equity of 11.12% and a net margin of 16.52%. Equities research analysts predict that Alliant Energy will post 2.81 earnings per share for the current fiscal year.

Alliant Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a dividend of $0.4275 per share. This represents a $1.71 annualized dividend and a yield of 3.06%. The ex-dividend date was Friday, October 28th. Alliant Energy’s dividend payout ratio (DPR) is presently 64.53%.

Hedge Funds Weigh In On Alliant Energy

Several hedge funds and other institutional investors have recently bought and sold shares of LNT. James Investment Research Inc. acquired a new position in Alliant Energy during the 3rd quarter worth approximately $25,000. Vectors Research Management LLC lifted its position in Alliant Energy by 477.4% during the 2nd quarter. Vectors Research Management LLC now owns 485 shares of the company’s stock worth $28,000 after acquiring an additional 401 shares in the last quarter. MCF Advisors LLC acquired a new position in Alliant Energy during the 1st quarter worth approximately $29,000. Rise Advisors LLC acquired a new position in Alliant Energy during the 2nd quarter worth approximately $31,000. Finally, Clear Street Markets LLC lifted its position in Alliant Energy by 408.7% during the 2nd quarter. Clear Street Markets LLC now owns 524 shares of the company’s stock worth $31,000 after acquiring an additional 421 shares in the last quarter. 74.84% of the stock is owned by institutional investors and hedge funds.

About Alliant Energy

(Get Rating)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

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