Alliant Energy Corporation (NASDAQ:LNT) Receives Average Recommendation of “Moderate Buy” from Analysts

Alliant Energy Corporation (NASDAQ:LNT) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $76.60.

LNT has been the topic of a number of recent research reports. BMO Capital Markets set a $81.00 target price on Alliant Energy in a report on Monday, May 4th. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Scotiabank reiterated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Finally, Mizuho set a $76.00 price target on Alliant Energy in a report on Monday, May 4th.

Alliant Energy Stock Up 1.3%

LNT stock opened at $73.00 on Wednesday. The stock’s 50 day simple moving average is $71.95 and its 200 day simple moving average is $69.00. Alliant Energy has a fifty-two week low of $59.62 and a fifty-two week high of $75.76. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. The company has a market cap of $18.85 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.94 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts expect that Alliant Energy will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a dividend of $0.535 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s dividend payout ratio is 67.08%.

Institutional Investors Weigh In On Alliant Energy

Institutional investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy during the third quarter worth $27,000. MRP Capital Investments LLC bought a new position in shares of Alliant Energy in the third quarter valued at approximately $35,000. Hantz Financial Services Inc. grew its holdings in shares of Alliant Energy by 256.7% in the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after acquiring an additional 403 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Alliant Energy in the first quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after acquiring an additional 445 shares in the last quarter. 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.