Alliant Energy (NYSE:LNT) was downgraded by equities research analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, The Fly reports.
A number of other research firms have also commented on LNT. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Bank of America assumed coverage on Alliant Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.00.
Alliant Energy (LNT) traded up $0.48 on Monday, hitting $44.43. The company had a trading volume of 3,155,200 shares, compared to its average volume of 1,226,162. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $10,270.08, a price-to-earnings ratio of 23.75, a P/E/G ratio of 3.56 and a beta of 0.47. Alliant Energy has a fifty-two week low of $36.56 and a fifty-two week high of $45.55.
Institutional investors have recently added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new position in shares of Alliant Energy in the 2nd quarter worth about $125,000. Mosaic Family Wealth LLC raised its holdings in shares of Alliant Energy by 0.8% during the 2nd 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 during the period. Federated Investors Inc. PA raised its holdings in shares of Alliant Energy by 8.2% during the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after buying an additional 326 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Alliant Energy by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 4,632 shares of the utilities provider’s stock valued at $186,000 after buying an additional 351 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at about $187,000. Institutional investors own 68.57% of the company’s stock.
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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.
