Alliant Energy (NASDAQ:LNT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alliant Energy (NASDAQ:LNTFree Report) from a strong sell rating to a hold rating in a research report sent to investors on Saturday.

Several other research analysts also recently commented on the company. BMO Capital Markets reduced their target price on Alliant Energy from $83.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Mizuho set a $76.00 price objective on Alliant Energy in a research report on Monday, May 4th. Barclays set a $74.00 price objective on Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Check Out Our Latest Stock Analysis on Alliant Energy

Alliant Energy Trading Up 0.7%

Shares of LNT stock opened at $71.27 on Friday. Alliant Energy has a 12-month low of $63.28 and a 12-month high of $78.81. The company has a market capitalization of $18.41 billion, a P/E ratio of 22.55, a P/E/G ratio of 2.63 and a beta of 0.55. The firm has a 50-day moving average price of $74.04 and a 200 day moving average price of $71.90. The company has a quick ratio of 0.53, a current ratio of 0.47 and a debt-to-equity ratio of 1.41.

Alliant Energy (NASDAQ:LNTGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Research analysts forecast that Alliant Energy will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 67.72%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in shares of Alliant Energy by 103.8% during the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after buying an additional 33,978 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Alliant Energy by 98.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after acquiring an additional 538,603 shares during the last quarter. Empowered Funds LLC boosted its stake in Alliant Energy by 18.8% in the first quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after acquiring an additional 974 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Alliant Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after purchasing an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Alliant Energy by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 239 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

About Alliant Energy

(Get Free Report)

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.

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Analyst Recommendations for Alliant Energy (NASDAQ:LNT)

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