Alliant Energy (NASDAQ:LNT) Upgraded by Barclays to “Equal Weight” Rating

Alliant Energy (NASDAQ:LNT) was upgraded by analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a $67.00 price target on the stock, up from their prior price target of $65.00. Barclays‘s price target indicates a potential downside of 0.42% from the stock’s current price.

LNT has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, December 29th. Wolfe Research reaffirmed an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Monday, December 1st. HSBC raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets upgraded Alliant Energy from a “market perform” rating to an “outperform” rating and increased their target price for the company from $70.00 to $71.00 in a research note on Tuesday, January 13th. Finally, Bank of America increased their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.13.

Alliant Energy Stock Performance

LNT stock opened at $67.28 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 0.83. The stock’s fifty day moving average is $66.31 and its two-hundred day moving average is $65.90. The stock has a market capitalization of $17.29 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.73 and a beta of 0.67. Alliant Energy has a 1 year low of $57.09 and a 1 year high of $69.75.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.34 billion. Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. Alliant Energy’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the business posted $1.15 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, research analysts predict that Alliant Energy will post 3.23 EPS for the current year.

Institutional Trading of Alliant Energy

Several institutional investors and hedge funds have recently bought and sold shares of LNT. Ethos Financial Group LLC acquired a new stake in Alliant Energy in the fourth quarter valued at about $206,000. Accel Wealth Management lifted its holdings in shares of Alliant Energy by 34.2% in the fourth quarter. Accel Wealth Management now owns 8,135 shares of the company’s stock worth $529,000 after acquiring an additional 2,071 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Alliant Energy during the fourth quarter worth $204,000. Aberdeen Group plc boosted its stake in shares of Alliant Energy by 0.5% during the fourth quarter. Aberdeen Group plc now owns 86,551 shares of the company’s stock valued at $5,627,000 after purchasing an additional 452 shares in the last quarter. Finally, Dorato Capital Management bought a new position in shares of Alliant Energy during the fourth quarter valued at $152,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Company Profile

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.