Alliant Energy Corporation (NASDAQ:LNT – Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $63.56 and last traded at $64.1080, with a volume of 200304 shares changing hands. The stock had previously closed at $64.62.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. BMO Capital Markets cut their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Mizuho cut their price objective on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. TD Cowen started coverage on Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and set a $80.00 target price on shares of Alliant Energy in a report on Thursday, August 27th. Finally, Weiss Ratings lowered Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.
Get Our Latest Analysis on Alliant Energy
Alliant Energy Price Performance
Alliant Energy (NASDAQ:LNT – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. During the same quarter last year, the firm earned $0.68 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.
Alliant Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were issued a $0.535 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.4%. Alliant Energy’s dividend payout ratio (DPR) is presently 67.72%.
Institutional Investors Weigh In On Alliant Energy
Several institutional investors have recently modified their holdings of LNT. Cedar Mountain Advisors LLC purchased a new position in shares of Alliant Energy during the second quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new stake in Alliant Energy in the second quarter worth approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Alliant Energy in the 2nd quarter worth approximately $32,000. Continuum Advisory LLC bought a new stake in Alliant Energy in the 2nd quarter worth approximately $40,000. Finally, Western Wealth Management LLC purchased a new stake in Alliant Energy during the 1st quarter valued at $41,000. 79.90% of the stock is owned by hedge funds and other institutional investors.
Alliant Energy Company Profile
Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.
The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.
Alliant Energy primarily serves customers in Wisconsin and Iowa.
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