Alliant Energy (NASDAQ:LNT) Receives “Neutral” Rating from Guggenheim

Alliant Energy (NASDAQ:LNT)‘s stock had its “neutral” rating reiterated by investment analysts at Guggenheim in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $57.00 price objective on the stock. Guggenheim’s price objective suggests a potential downside of 10.11% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company lowered their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. BMO Capital Markets lowered their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, Barclays reduced their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.75.

Alliant Energy Price Performance

NASDAQ LNT traded up $0.60 on Monday, reaching $63.41. The company’s stock had a trading volume of 204,309 shares, compared to its average volume of 1,585,762. The stock has a market cap of $16.27 billion, a PE ratio of 23.51, a PEG ratio of 2.83 and a beta of 0.60. Alliant Energy has a twelve month low of $46.80 and a twelve month high of $64.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm’s 50 day moving average is $59.44 and its two-hundred day moving average is $59.71.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. As a group, sell-side analysts predict that Alliant Energy will post 3.23 EPS for the current year.

Institutional Investors Weigh In On Alliant Energy

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after purchasing an additional 425 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy during the fourth quarter worth approximately $29,000. JNBA Financial Advisors bought a new stake in shares of Alliant Energy in the third quarter valued at approximately $31,000. ORG Partners LLC grew its stake in shares of Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after acquiring an additional 517 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its position in Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after acquiring an additional 628 shares during the period. 79.90% of the stock is currently 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 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.