LNT has been the subject of a number of other research reports. Wolfe Research lowered shares of Alliant Energy from a peer perform rating to an underperform rating in a report on Monday, August 13th. Wells Fargo & Co lifted their price objective on shares of Alliant Energy from $45.00 to $47.00 and gave the company a market perform rating in a report on Monday, September 17th. Zacks Investment Research lowered shares of Alliant Energy from a buy rating to a hold rating in a report on Friday, August 10th. ValuEngine lowered shares of Alliant Energy from a buy rating to a hold rating in a report on Thursday, November 1st. Finally, Bank of America lowered shares of Alliant Energy from a neutral rating to an underperform rating in a report on Wednesday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $45.42.
Shares of LNT opened at $45.39 on Thursday. Alliant Energy has a 1-year low of $36.84 and a 1-year high of $46.05. The stock has a market cap of $10.71 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.54 and a beta of 0.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were issued a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $1.34 annualized dividend and a dividend yield of 2.95%. Alliant Energy’s dividend payout ratio is currently 69.43%.
In other Alliant Energy news, Director Deborah B. Dunie purchased 1,250 shares of Alliant Energy stock in a transaction dated Thursday, September 13th. The stock was acquired at an average price of $43.80 per share, for a total transaction of $54,750.00. Following the acquisition, the director now owns 12,300 shares in the company, valued at approximately $538,740. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.25% of the company’s stock.
Several large investors have recently bought and sold shares of LNT. Piedmont Investment Advisors LLC bought a new stake in shares of Alliant Energy in the 2nd quarter valued at about $115,000. Twin Tree Management LP bought a new stake in shares of Alliant Energy in the 3rd quarter valued at about $118,000. Rampart Investment Management Company LLC raised its holdings in shares of Alliant Energy by 72.4% in the 3rd quarter. Rampart Investment Management Company LLC now owns 4,053 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 1,702 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Alliant Energy in the 3rd quarter valued at about $178,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Alliant Energy in the 3rd quarter valued at about $197,000. Institutional investors and hedge funds own 71.63% 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 Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.
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