Alliant Energy Corporation (NYSE:LNT) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $42.00.
A number of research firms recently commented on LNT. Jefferies Group reaffirmed a “hold” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy in a research note on Wednesday, August 9th. BidaskClub raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Finally, Bank of America started coverage on shares of Alliant Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 target price for the company.
Alliant Energy (LNT) traded up $0.20 during trading on Thursday, reaching $44.54. 1,374,800 shares of the company were exchanged, compared to its average volume of 1,222,770. Alliant Energy has a 1 year low of $35.93 and a 1 year high of $45.55. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.02. The firm has a market cap of $10,251.60, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 3.55 and a beta of 0.47.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a $0.315 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.26 dividend on an annualized basis and a yield of 2.83%. Alliant Energy’s payout ratio is 67.74%.
Hedge funds have recently added to or reduced their stakes in the business. Pacad Investment Ltd. purchased a new stake in Alliant Energy in the 2nd quarter worth approximately $125,000. Mosaic Family Wealth LLC lifted its position in Alliant Energy by 0.8% in the 2nd 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. Federated Investors Inc. PA lifted its position in Alliant Energy by 8.2% in the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after buying an additional 326 shares in the last quarter. Pacer Advisors Inc. lifted its position in Alliant Energy by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 4,632 shares of the utilities provider’s stock worth $186,000 after buying an additional 351 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Alliant Energy during the 3rd quarter valued at $187,000. Institutional investors own 68.43% of the company’s stock.
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About Alliant Energy
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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