Are Analysts Bearish Alliant Energy Corporation (NYSE:LNT) After Last Week?

June 14, 2018 - By Harriett Tippett

Alliant Energy Corporation (NYSE:LNT) LogoInvestors sentiment decreased to 0.77 in 2018 Q1. Its down 0.47, from 1.24 in 2017Q4. It dropped, 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.
43,735 are owned by Hartford Inv Management Company. Hartford Management holds 598 shares or 0.01% of its portfolio. Fifth Third Fincl Bank reported 0.03% in Alliant Energy Corporation (NYSE:LNT). Advantus Mngmt Incorporated holds 23,077 shares. Gam Holding Ag holds 0.01% of its portfolio in Alliant Energy Corporation (NYSE:LNT) for 9,600 shares. Morgan Dempsey Capital Mgmt Ltd Limited Liability Company has 3,671 shares for 0% of their portfolio. Ftb Advsrs invested 0% in Alliant Energy Corporation (NYSE:LNT). Blackrock, New York-based fund reported 21.47M shares. Texas Permanent School Fund stated it has 59,777 shares or 0.03% of all its holdings. New Mexico Educational Retirement Board accumulated 0.03% or 22,000 shares. Department Mb Fin Bankshares N A, a Illinois-based fund reported 442 shares. 104,063 are owned by Verition Fund Mngmt Limited Liability. Huntington Bankshares owns 4,192 shares for 0% of their portfolio. Balyasny Asset Lc accumulated 419,534 shares or 0.07% of the stock. Neuberger Berman Group Inc Ltd Liability invested in 829,075 shares.

Since March 15, 2018, it had 0 insider buys, and 1 insider 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. On Monday, February 26 the stock rating was maintained by Wells Fargo with “Market Perform”. The company was downgraded on Monday, December 18 by Wells Fargo. The firm has “Hold” rating by Guggenheim given on Tuesday, January 2. 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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