Alliant Energy (NYSE:LNT) had its price target boosted by Wells Fargo & Co from $45.00 to $47.00 in a report issued on Monday. Wells Fargo & Co currently has a market perform rating on the utilities provider’s stock.

A number of other equities analysts have also issued reports on LNT. Zacks Investment Research lowered shares of Alliant Energy from a buy rating to a hold rating in a research report on Friday, August 10th. Wolfe Research lowered shares of Alliant Energy from a peer perform rating to an underperform rating in a research report on Monday, August 13th. UBS Group raised their price target on shares of Alliant Energy from $43.00 to $45.00 and gave the stock a neutral rating in a research report on Friday, August 10th. Finally, Howard Weil began coverage on shares of Alliant Energy in a research report on Tuesday, July 24th. They set a sector perform rating and a $44.00 price target for the company. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The company presently has an average rating of Hold and an average target price of $45.33.

LNT opened at $43.99 on Monday. Alliant Energy has a 12-month low of $36.84 and a 12-month high of $45.55. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 1.18. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 3.74 and a beta of 0.22.

Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). Alliant Energy had a return on equity of 11.35% and a net margin of 14.14%. The business had revenue of $816.10 million for the quarter, compared to analysts’ expectations of $789.73 million. During the same period in the prior year, the business posted $0.41 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. analysts expect that Alliant Energy will post 2.13 EPS for the current year.

In other Alliant Energy news, Director Deborah B. Dunie purchased 1,250 shares of Alliant Energy stock in a transaction on Thursday, September 13th. The stock was bought at an average cost of $43.80 per share, with a total value of $54,750.00. Following the transaction, the director now owns 12,300 shares of the company’s stock, valued at approximately $538,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

Large investors have recently bought and sold shares of the company. First Interstate Bank purchased a new position in shares of Alliant Energy during the 2nd quarter valued at approximately $110,000. Piedmont Investment Advisors LLC purchased a new position in shares of Alliant Energy during the 2nd quarter valued at approximately $115,000. BerganKDV Wealth Management LLC purchased a new position in shares of Alliant Energy during the 2nd quarter valued at approximately $150,000. Federated Investors Inc. PA purchased a new position in shares of Alliant Energy during the 1st quarter valued at approximately $200,000. Finally, First Heartland Consultants Inc. purchased a new position in shares of Alliant Energy during the 2nd quarter valued at approximately $200,000. 70.90% of the stock is owned by hedge funds and other institutional investors.

About Alliant Energy

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.

Featured Story: Short Selling

Analyst Recommendations for Alliant Energy (NYSE:LNT)

Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.