Alliant Energy Corporation (NASDAQ:LNT) Stock Has Consensus Target Price of $77.00 According to Analysts

Alliant Energy Corporation (NASDAQ:LNT – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $77.00.

LNT has been the topic of several research analyst reports. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, September 20th. BMO Capital Markets decreased their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” 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 issued a “hold” rating and a $83.00 price target on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price target on shares of Alliant Energy in a research report on Thursday, August 27th.

Get Our Latest Research Report on Alliant Energy

Institutional Investors Weigh In On Alliant Energy

Hedge funds have recently modified their holdings of the business. Security National Bank of SO Dak acquired a new stake in shares of Alliant Energy in the second quarter valued at about $201,000. Tidal Investments LLC grew its stake in Alliant Energy by 16.5% during the 2nd quarter. Tidal Investments LLC now owns 8,932 shares of the company’s stock valued at $681,000 after acquiring an additional 1,264 shares in the last quarter. MCF Advisors LLC grew its stake in Alliant Energy by 104.1% during the 2nd quarter. MCF Advisors LLC now owns 990 shares of the company’s stock valued at $76,000 after acquiring an additional 505 shares in the last quarter. National Pension Service raised its holdings in Alliant Energy by 92.1% in the 2nd quarter. National Pension Service now owns 37,458 shares of the company’s stock valued at $2,858,000 after acquiring an additional 17,961 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in Alliant Energy by 672.2% in the 2nd quarter. Engineers Gate Manager LP now owns 98,507 shares of the company’s stock valued at $7,515,000 after acquiring an additional 85,751 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $63.31 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The stock has a market capitalization of $16.42 billion, a PE ratio of 20.03, a P/E/G ratio of 2.72 and a beta of 0.54. Alliant Energy has a fifty-two week low of $63.27 and a fifty-two week high of $78.81. The company has a fifty day moving average of $69.23 and a two-hundred day moving average of $71.67.

Alliant Energy (NASDAQ:LNT – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) 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 business had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same quarter last year, the business earned $0.68 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts forecast that Alliant Energy 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 paid a dividend of $0.5350 per share. This represents a $2.14 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s payout ratio is 67.72%.

Alliant Energy Company Profile

(Get Free Report)

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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Analyst Recommendations for Alliant Energy (NASDAQ:LNT)

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