Alliant Energy (NASDAQ:LNT) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Alliant Energy (NASDAQ:LNT) from a hold rating to a sell rating in a report published on Sunday morning.

Other research analysts also recently issued reports about the stock. Mizuho set a $73.00 price target on shares of Alliant Energy in a research report on Monday, February 23rd. Wolfe Research restated an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Monday, December 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $78.00 target price on shares of Alliant Energy in a report on Monday, November 24th. Argus reiterated a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $78.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.50.

Alliant Energy Stock Performance

Shares of LNT opened at $72.23 on Friday. The firm has a market capitalization of $18.57 billion, a P/E ratio of 22.93, a PEG ratio of 2.96 and a beta of 0.66. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.80 and a quick ratio of 0.66. Alliant Energy has a one year low of $57.09 and a one year high of $72.65. The business has a fifty day moving average of $67.62 and a 200 day moving average of $66.87.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, February 19th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $673.11 million. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.Alliant Energy’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts anticipate that Alliant Energy will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, January 30th. This is an increase from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s payout ratio is currently 67.94%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Glenmede Investment Management LP lifted its position in Alliant Energy by 0.7% in the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after purchasing an additional 153 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Alliant Energy by 1.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after buying an additional 158 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Alliant Energy by 4.8% in the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock valued at $229,000 after buying an additional 161 shares during the period. Centaurus Financial Inc. boosted its stake in shares of Alliant Energy by 9.7% in the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock valued at $115,000 after buying an additional 167 shares in the last quarter. Finally, Simplicity Wealth LLC grew its holdings in Alliant Energy by 5.5% during the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after acquiring an additional 167 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

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.