BMO Capital Markets Issues Pessimistic Forecast for Alliant Energy (NASDAQ:LNT) Stock Price

Alliant Energy (NASDAQ:LNT) had its target price lowered by research analysts at BMO Capital Markets from $65.00 to $61.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 6.83% from the company’s current price.

A number of other equities research analysts also recently weighed in on LNT. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $62.50 in a research report on Tuesday, August 13th. UBS Group boosted their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Barclays upped their target price on shares of Alliant Energy from $55.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, October 14th. Scotiabank upped their target price on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Bank of America upped their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy has an average rating of “Hold” and an average target price of $63.28.

Alliant Energy Stock Down 1.1 %

Shares of Alliant Energy stock traded down $0.64 during trading on Monday, reaching $57.10. The company had a trading volume of 733,494 shares, compared to its average volume of 1,593,172. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.88 and a beta of 0.58. The firm’s fifty day moving average is $59.89 and its 200-day moving average is $55.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. Alliant Energy has a fifty-two week low of $46.80 and a fifty-two week high of $62.49.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.62%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts anticipate that Alliant Energy will post 3.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LNT. Janus Henderson Group PLC boosted its holdings in shares of Alliant Energy by 10.3% in the first quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after acquiring an additional 984,963 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Alliant Energy during the second quarter valued at approximately $42,367,000. Eagle Ridge Investment Management acquired a new stake in Alliant Energy during the second quarter valued at approximately $26,804,000. Millennium Management LLC lifted its stake in Alliant Energy by 2,141.3% during the second quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock valued at $9,182,000 after purchasing an additional 172,353 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Alliant Energy during the first quarter valued at approximately $7,533,000. 79.90% of the stock is currently owned by institutional investors.

About Alliant Energy

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.