Alliant Energy (NASDAQ:LNT) PT Raised to $53.00 at BMO Capital Markets

Alliant Energy (NASDAQ:LNT) had its price target increased by BMO Capital Markets from $51.00 to $53.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other equities research analysts have also recently weighed in on LNT. Bank of America reduced their price objective on Alliant Energy from $55.00 to $54.00 and set a buy rating on the stock in a research note on Thursday, April 11th. Barclays restated an equal weight rating and set a $53.00 price target (up previously from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $53.31.

Alliant Energy Stock Up 2.2 %

Shares of LNT opened at $48.42 on Monday. The business’s 50 day simple moving average is $48.64 and its 200-day simple moving average is $49.44. Alliant Energy has a 1 year low of $45.15 and a 1 year high of $56.26. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 2.53 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The business had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.46 EPS. As a group, equities analysts expect that Alliant Energy will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Monday, April 29th. Alliant Energy’s payout ratio is currently 69.06%.

Insider Transactions at Alliant Energy

In related news, CEO Lisa M. Barton acquired 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the acquisition, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Financial Freedom LLC purchased a new position in Alliant Energy during the 4th quarter valued at about $25,000. Clear Street Markets LLC increased its holdings in Alliant Energy by 95.3% during the first quarter. Clear Street Markets LLC now owns 494 shares of the company’s stock valued at $26,000 after buying an additional 241 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in Alliant Energy during the fourth quarter worth $26,000. Gables Capital Management Inc. boosted its position in Alliant Energy by 68.4% during the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after acquiring an additional 212 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new position in shares of Alliant Energy in the 4th quarter valued at $28,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

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.