Alliant Energy Corporation (NYSE:LNT) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. UBS AG reissued a “neutral” rating and issued a $42.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Wednesday, May 10th. Jefferies Group LLC reissued a “hold” rating and issued a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. Barclays PLC reissued an “equal weight” rating and issued a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Finally, Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Friday, May 19th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Alliant Energy Corporation presently has an average rating of “Hold” and a consensus price target of $42.33.

Alliant Energy Corporation (LNT) traded up 1.13% during midday trading on Friday, reaching $42.24. 1,412,660 shares of the company’s stock traded hands. The stock has a 50-day moving average of $40.75 and a 200 day moving average of $40.02. Alliant Energy Corporation has a 52-week low of $34.88 and a 52-week high of $42.32. The company has a market cap of $9.76 billion, a P/E ratio of 24.94 and a beta of 0.41.

Alliant Energy Corporation (NYSE:LNT) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $765.30 million during the quarter, compared to analysts’ expectations of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. On average, analysts anticipate that Alliant Energy Corporation will post $2.01 earnings per share for the current fiscal year.

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In other news, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total value of $206,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNT. Mosaic Family Wealth LLC increased its position 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 valued at $130,000 after buying an additional 25 shares in the last quarter. Veritable L.P. increased its position in Alliant Energy Corporation by 0.3% in the second quarter. Veritable L.P. now owns 8,033 shares of the utilities provider’s stock valued at $323,000 after buying an additional 28 shares in the last quarter. Lincoln National Corp increased its position 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 valued at $263,000 after buying an additional 47 shares in the last quarter. Ffcm LLC increased its position in Alliant Energy Corporation by 0.8% in the first quarter. Ffcm LLC now owns 9,400 shares of the utilities provider’s stock valued at $373,000 after buying an additional 70 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position 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 valued at $883,000 after buying an additional 80 shares in the last quarter. 67.26% of the stock is owned by 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.

Analyst Recommendations for Alliant Energy Corporation (NYSE:LNT)

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