Alliant Energy (NASDAQ:LNT) Given New $61.00 Price Target at Barclays

Alliant Energy (NASDAQ:LNTFree Report) had its price target raised by Barclays from $55.00 to $61.00 in a research report sent to investors on Monday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research analysts have also recently weighed in on LNT. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a neutral rating to a buy rating and lifted their price target for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. BMO Capital Markets lifted their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a market perform rating in a research note on Tuesday, August 6th. UBS Group lifted their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a neutral rating in a research note on Friday, September 20th. Scotiabank lifted their target price on shares of Alliant Energy from $58.00 to $64.00 and gave the company a sector outperform rating in a research note on Tuesday, August 20th. Finally, Bank of America lifted their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the company a buy rating in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $62.83.

Read Our Latest Report on Alliant Energy

Alliant Energy Trading Up 1.2 %

Shares of LNT stock opened at $60.38 on Monday. Alliant Energy has a 12-month low of $46.80 and a 12-month high of $61.09. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31. The firm’s 50 day moving average is $58.75 and its 200 day moving average is $53.93. The stock has a market capitalization of $15.48 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.83 and a beta of 0.58.

Alliant Energy (NASDAQ:LNTGet Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). The business had revenue of $894.00 million for the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Research analysts expect that Alliant Energy will post 3.05 earnings per share for the current year.

Institutional Trading of Alliant Energy

A number of institutional investors and hedge funds have recently bought and sold shares of LNT. Scarborough Advisors LLC bought a new stake in Alliant Energy in the 4th quarter valued at $28,000. Kimelman & Baird LLC bought a new stake in Alliant Energy in the 2nd quarter valued at $41,000. Ashton Thomas Private Wealth LLC bought a new stake in Alliant Energy in the 2nd quarter valued at $43,000. MRP Capital Investments LLC bought a new stake in Alliant Energy in the 2nd quarter valued at $56,000. Finally, Creekmur Asset Management LLC bought a new stake in Alliant Energy in the 4th quarter valued at $65,000. 79.90% of the stock is currently owned by institutional investors.

About Alliant Energy

(Get Free Report)

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.

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