Can analysts adopt a bullish outlook for Alliant Energy Corporation (NYSE:LNT)?

June 14, 2018 - By Vivian Currie

Alliant Energy Corporation (NYSE:LNT) LogoInvestors sentiment decreased to 0.77 in Q1 2018. Its down 0.47, from 1.24 in 2017Q4. It worsened, as 33 investors sold Alliant Energy Corporation shares while 149 reduced holdings. 38 funds opened positions while 103 raised stakes. 164.47 million shares or 3.65% more from 158.67 million shares in 2017Q4 were reported.
21.47M are owned by Blackrock. Signaturefd Lc reported 2,434 shares. Magellan Asset Mgmt holds 0.03% of its portfolio in Alliant Energy Corporation (NYSE:LNT) for 179,870 shares. The New Jersey-based Highlander Capital Mgmt Limited Liability has invested 0.01% in Alliant Energy Corporation (NYSE:LNT). Wells Fargo And Co Mn has invested 0% in Alliant Energy Corporation (NYSE:LNT). Mairs Power reported 7,228 shares. Credit Suisse Ag holds 0.01% of its portfolio in Alliant Energy Corporation (NYSE:LNT) for 248,820 shares. Arizona State Retirement System reported 265,277 shares or 0.11% of all its holdings. The Alabama-based Fjarde Ap has invested 0.02% in Alliant Energy Corporation (NYSE:LNT). Oppenheimer And Inc owns 66,277 shares or 0.07% of their US portfolio. Nordea Invest Mngmt reported 0.01% of its portfolio in Alliant Energy Corporation (NYSE:LNT). Norinchukin National Bank The owns 0.02% invested in Alliant Energy Corporation (NYSE:LNT) for 29,198 shares. Gemmer Asset Ltd Liability Corporation has invested 0.01% in Alliant Energy Corporation (NYSE:LNT). Mutual Of America Ltd Liability has 0.02% invested in Alliant Energy Corporation (NYSE:LNT). State Of Alaska Department Of Revenue holds 85,307 shares.

Since March 15, 2018, it had 0 buys, and 1 sale for $199,000 activity.

Alliant Energy Corporation (NYSE:LNT) Ratings Coverage

Among 3 analysts covering Alliant Energy Corp (NYSE:LNT), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Alliant Energy Corp had 4 analyst reports since December 18, 2017 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Monday, February 26. Wells Fargo downgraded the stock to “Hold” rating in Monday, December 18 report. The firm has “Hold” rating given on Tuesday, January 2 by Guggenheim. Below is a list of Alliant Energy Corporation (NYSE:LNT) latest ratings and price target changes.

26/02/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $47 New Target: $43 Maintain
02/02/2018 Broker: UBS Rating: Neutral New Target: $40 Initiates Coverage On
02/01/2018 Broker: Guggenheim Rating: Hold New Target: $43.0 Maintain
18/12/2017 Broker: Wells Fargo Rating: Hold New Target: $47.0 Downgrade

The stock increased 1.15% or $0.45 during the last trading session, reaching $39.62. About 1.50 million shares traded. Alliant Energy Corporation (NYSE:LNT) has declined 1.85% since June 14, 2017 and is downtrending. It has underperformed by 14.42% the S&P500.

Alliant Energy Corporation operates as a utility holding firm that provides regulated electricity and natural gas services to residential, commercial, industrial, and wholesale clients in the Midwest region of the United States. The company has market cap of $9.17 billion. It operates through three divisions: Electric, Gas, and Other. It has a 19.9 P/E ratio. The company, through its subsidiary, Interstate Power and Light Company , primarily generates and distributes electricity, and distributes and transports natural gas to retail clients in Iowa; sells electricity to wholesale clients in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

Alliant Energy Corporation (NYSE:LNT) Institutional Positions Chart

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