Alliant Energy Corporation (NYSE:LNT) – Analysts at Jefferies Group raised their Q3 2017 EPS estimates for shares of Alliant Energy Corporation in a research note issued to investors on Monday. Jefferies Group analyst A. Crowdell now expects that the utilities provider will earn $0.86 per share for the quarter, up from their previous forecast of $0.85. Jefferies Group has a “Hold” rating and a $42.00 price target on the stock. Jefferies Group also issued estimates for Alliant Energy Corporation’s Q4 2017 earnings at $0.30 EPS.

Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $765.30 million during the quarter, compared to analyst estimates of $725.92 million. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/08/q3-2017-eps-estimates-for-alliant-energy-corporation-nyselnt-boosted-by-jefferies-group.html.

Several other research firms have also recently weighed in on LNT. Barclays PLC restated an “equal weight” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Thursday, June 29th. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, UBS AG restated a “neutral” rating and issued a $42.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Wednesday, May 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $42.17.

Alliant Energy Corporation (LNT) opened at 41.28 on Tuesday. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 24.99 and a beta of 0.41. The firm’s 50-day moving average price is $40.73 and its 200-day moving average price is $39.67. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $42.19.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio is presently 74.12%.

In other Alliant Energy Corporation news, Director Deborah B. Dunie bought 3,700 shares of the stock in a transaction on Friday, May 19th. The stock was purchased at an average price of $39.61 per share, with a total value of $146,557.00. Following the acquisition, the director now owns 11,050 shares of the company’s stock, valued at $437,690.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corporation stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC raised its stake in Alliant Energy Corporation by 0.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after buying an additional 25 shares in the last quarter. Lincoln National Corp raised its stake in Alliant Energy Corporation by 0.7% in the first quarter. Lincoln National Corp now owns 6,636 shares of the utilities provider’s stock worth $263,000 after buying an additional 47 shares in the last quarter. Ffcm LLC raised its stake in Alliant Energy Corporation by 0.8% in the first quarter. Ffcm LLC now owns 9,400 shares of the utilities provider’s stock worth $373,000 after buying an additional 70 shares in the last quarter. CIBC Asset Management Inc raised its stake in Alliant Energy Corporation by 0.4% in the second quarter. CIBC Asset Management Inc now owns 21,990 shares of the utilities provider’s stock worth $883,000 after buying an additional 80 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Alliant Energy Corporation by 0.5% in the first quarter. IFP Advisors Inc now owns 17,508 shares of the utilities provider’s stock worth $693,000 after buying an additional 95 shares in the last quarter. 67.68% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Corporation 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.

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