Alliant Energy (LNT) PT Raised to $47.00
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.
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.
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