Alliant Energy (NASDAQ:LNT) Reaches New 52-Week High – Here’s Why

Alliant Energy Corporation (NASDAQ:LNT)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $78.81 and last traded at $77.65, with a volume of 1982688 shares changing hands. The stock had previously closed at $76.58.

Analyst Ratings Changes

A number of analysts have recently weighed in on LNT shares. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. TD Cowen started coverage on shares of Alliant Energy in a report on Tuesday. They set a “hold” rating for the company. Scotiabank reissued a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, Royal Bank Of Canada assumed coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Alliant Energy has an average rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Trading Up 1.4%

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 firm has a market cap of $20.06 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 3.12 and a beta of 0.55. The stock has a 50-day simple moving average of $73.41 and a two-hundred day simple moving average of $70.70.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. Alliant Energy’s revenue was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is 67.08%.

Institutional Investors Weigh In On Alliant Energy

Hedge funds have recently made changes to their positions in the company. Cedar Mountain Advisors LLC bought a new position in shares of Alliant Energy during the 2nd quarter valued at approximately $26,000. CX Institutional boosted its stake in Alliant Energy by 8.6% during the second quarter. CX Institutional now owns 3,380 shares of the company’s stock worth $258,000 after buying an additional 267 shares during the period. Empowered Funds LLC increased its position in Alliant Energy by 95.4% during the first quarter. Empowered Funds LLC now owns 12,592 shares of the company’s stock valued at $904,000 after acquiring an additional 6,149 shares during the last quarter. Parallel Advisors LLC increased its position in Alliant Energy by 82.9% during the first quarter. Parallel Advisors LLC now owns 5,187 shares of the company’s stock valued at $372,000 after acquiring an additional 2,351 shares during the last quarter. Finally, Cozad Asset Management Inc. raised its stake in shares of Alliant Energy by 1.8% in the first quarter. Cozad Asset Management Inc. now owns 27,317 shares of the company’s stock valued at $1,960,000 after acquiring an additional 486 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

About Alliant Energy

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.