Alliant Energy (NASDAQ:LNT) Price Target Raised to $55.00 at Barclays

Alliant Energy (NASDAQ:LNT) had its price target upped by Barclays from $52.00 to $55.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages have also recently issued reports on LNT. Scotiabank decreased their target price on Alliant Energy from $57.00 to $53.00 and set a sector outperform rating for the company in a report on Monday, April 22nd. Bank of America dropped their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a buy rating for the company in a research report on Thursday, April 11th. Wells Fargo & Company upped their price target on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an overweight rating in a research report on Monday, May 6th. LADENBURG THALM/SH SH cut their price objective on Alliant Energy from $48.50 to $48.00 and set a neutral rating on the stock in a research report on Monday, April 29th. Finally, BMO Capital Markets upped their target price on Alliant Energy from $51.00 to $53.00 and gave the stock a market perform rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy has an average rating of Hold and an average price target of $51.63.

Alliant Energy Price Performance

Alliant Energy stock opened at $53.87 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.87 and a beta of 0.56. Alliant Energy has a 1 year low of $45.15 and a 1 year high of $56.26. The firm has a 50 day moving average price of $50.94 and a 200 day moving average price of $49.84.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $0.65 EPS. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. Sell-side analysts predict that Alliant Energy will post 3.08 earnings per share for the current year.

Hedge Funds Weigh In On Alliant Energy

Several institutional investors have recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in Alliant Energy during the 4th quarter valued at about $26,000. Gables Capital Management Inc. raised its holdings in shares of Alliant Energy by 68.4% during the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after buying an additional 212 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of Alliant Energy during the fourth quarter worth approximately $28,000. Christopher J. Hasenberg Inc bought a new position in Alliant Energy in the 1st quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC increased its position in Alliant Energy by 252.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after acquiring an additional 474 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Company Profile

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.