Alliant Energy Co. (LNT) Receives $42.83 Average Target Price from Analysts

Alliant Energy Co. (NYSE:LNT) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $42.83.

Several analysts have issued reports on LNT shares. Wells Fargo lowered Alliant Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. UBS started coverage on Alliant Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, Guggenheim restated a “hold” rating and issued a $43.00 price objective on shares of Alliant Energy in a research note on Wednesday, January 3rd.

In other news, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $39.80, for a total value of $199,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.



Several institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Alliant Energy by 36.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the utilities provider’s stock valued at $2,647,000 after purchasing an additional 16,656 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Alliant Energy by 19.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 137,661 shares of the utilities provider’s stock valued at $5,866,000 after purchasing an additional 22,764 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Alliant Energy by 40.2% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,009 shares of the utilities provider’s stock valued at $640,000 after purchasing an additional 4,300 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Alliant Energy in the fourth quarter valued at approximately $3,048,000. Finally, BB&T Securities LLC grew its position in shares of Alliant Energy by 12.0% in the fourth quarter. BB&T Securities LLC now owns 119,335 shares of the utilities provider’s stock valued at $5,084,000 after purchasing an additional 12,749 shares during the last quarter. 69.94% of the stock is currently owned by institutional investors.

NYSE:LNT opened at $41.11 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.32 and a current ratio of 0.42. The company has a market capitalization of $9,374.56, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 3.63 and a beta of 0.31. Alliant Energy has a 12-month low of $36.84 and a 12-month high of $45.55.

Alliant Energy (NYSE:LNT) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $856.10 million during the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a net margin of 13.82% and a return on equity of 11.11%. Alliant Energy’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. equities research analysts predict that Alliant Energy will post 2.11 EPS for the current fiscal year.

Alliant Energy declared that its board has approved a stock repurchase plan on Monday, January 15th that permits the company to repurchase outstanding shares. This repurchase authorization permits the utilities provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: “Alliant Energy Co. (LNT) Receives $42.83 Average Target Price from Analysts” was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://dakotafinancialnews.com/2018/04/14/alliant-energy-co-lnt-receives-42-83-average-target-price-from-analysts.html.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include 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), which serve retail customers in Iowa and Wisconsin.

Analyst Recommendations for Alliant Energy (NYSE:LNT)

Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply