Alliant Energy Co. (NYSE:LNT) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.00.
Several equities research analysts have issued reports on the stock. Wells Fargo & Co downgraded shares of Alliant Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Zacks Investment Research downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Bank of America assumed coverage on shares of Alliant Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective for the company.
Hedge funds have recently made changes to their positions in the company. State of Wisconsin Investment Board boosted its stake in shares of Alliant Energy by 97.1% in the second quarter. State of Wisconsin Investment Board now owns 87,642 shares of the utilities provider’s stock valued at $3,521,000 after purchasing an additional 43,180 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Alliant Energy by 59.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,397 shares of the utilities provider’s stock valued at $297,000 after acquiring an additional 2,755 shares during the last quarter. Swiss National Bank boosted its stake in Alliant Energy by 2.9% during the 2nd quarter. Swiss National Bank now owns 829,498 shares of the utilities provider’s stock valued at $33,321,000 after acquiring an additional 23,500 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Alliant Energy by 18.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 136,862 shares of the utilities provider’s stock valued at $5,689,000 after acquiring an additional 20,876 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its stake in Alliant Energy by 12.0% during the 3rd quarter. Cohen & Steers Inc. now owns 2,166,123 shares of the utilities provider’s stock valued at $90,046,000 after acquiring an additional 232,090 shares during the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock.
Alliant Energy (NYSE:LNT) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.13). Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. The business had revenue of $907.00 million for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Alliant Energy’s quarterly revenue was down 1.9% compared to the same quarter last year. sell-side analysts anticipate that Alliant Energy will post 1.96 earnings per share for the current fiscal year.
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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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