Alliant Energy Corporation (NASDAQ:LNT – Get Free Report) has been given an average rating of “Moderate Buy” by the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $75.20.
Several research analysts have commented on the stock. TD Cowen began coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price for the company. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 20th. Barclays set a $68.00 price target on Alliant Energy and gave the company an “equal weight” rating in a report on Tuesday. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 price objective on shares of Alliant Energy in a research report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $75.00 price objective on shares of Alliant Energy in a research report on Monday, October 12th.
Check Out Our Latest Report on Alliant Energy
Alliant Energy Stock Performance
LNT stock traded up $1.22 during midday trading on Friday, reaching $68.32. The company had a trading volume of 2,577,171 shares, compared to its average volume of 3,057,783. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average price of $66.98 and a 200 day moving average price of $71.03. Alliant Energy has a fifty-two week low of $62.54 and a fifty-two week high of $78.81. The firm has a market capitalization of $17.71 billion, a PE ratio of 21.62, a P/E/G ratio of 2.82 and a beta of 0.52.
Alliant Energy (NASDAQ:LNT – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $971.00 million during the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts anticipate that Alliant Energy will post 3.43 earnings per share for the current year.
Alliant Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.5350 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.14 annualized dividend and a yield of 3.1%. Alliant Energy’s payout ratio is presently 67.72%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Jupiter Topco LLC purchased a new stake in Alliant Energy in the 2nd quarter worth about $837,468,000. Janus Henderson Group PLC grew its stake in Alliant Energy by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after acquiring an additional 138,683 shares in the last quarter. Magellan Asset Management Ltd purchased a new position in Alliant Energy during the 2nd quarter valued at about $151,629,000. Legal & General Group Plc purchased a new position in Alliant Energy during the 2nd quarter valued at about $143,968,000. Finally, Squarepoint Ops LLC increased its holdings in shares of Alliant Energy by 18.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,345,323 shares of the company’s stock valued at $102,635,000 after purchasing an additional 212,421 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.
Alliant Energy Company Profile
Alliant Energy Corporation is a regulated energy holding company headquartered in Madison, Wisconsin. Through its utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.
The company generates and distributes electricity through a diverse portfolio that includes wind, solar, natural gas, and other generation resources. It also operates electric transmission and distribution networks and natural gas distribution systems, while investing in renewable energy and infrastructure modernization to support a more sustainable energy mix and reliable service.
Alliant Energy traces its history to the utility businesses that became part of the company through a series of mergers and reorganizations, including the formation of Alliant Energy Corporation in the late 1990s.
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