Analysts Set Alliant Energy Corporation (NASDAQ:LNT) Target Price at $70.86

Alliant Energy Corporation (NASDAQ:LNT) has been given an average rating of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $70.8571.

LNT has been the subject of a number of research analyst reports. Bank of America lifted their price target on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Barclays set a $65.00 price target on shares of Alliant Energy and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of Alliant Energy in a report on Monday, November 24th. BMO Capital Markets upgraded shares of Alliant Energy from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $70.00 to $71.00 in a research report on Tuesday. Finally, Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC bought a new position in shares of Alliant Energy during the 3rd quarter valued at $27,000. Rossby Financial LCC bought a new stake in shares of Alliant Energy in the 2nd quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in Alliant Energy during the 2nd quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC grew its position in Alliant Energy by 81.6% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after acquiring an additional 222 shares during the last quarter. Finally, Country Trust Bank bought a new stake in Alliant Energy in the second quarter valued at approximately $30,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 0.4%

Shares of LNT opened at $67.34 on Thursday. Alliant Energy has a twelve month low of $57.09 and a twelve month high of $69.75. The stock has a market cap of $17.31 billion, a PE ratio of 21.18, a P/E/G ratio of 2.73 and a beta of 0.67. The company has a quick ratio of 0.70, a current ratio of 0.83 and a debt-to-equity ratio of 1.46. The business’s 50-day moving average price is $66.31 and its 200-day moving average price is $65.78.

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

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be issued a dividend of $0.535 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s payout ratio is 63.84%.

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.