Mizuho Has Lowered Expectations for Alliant Energy (NASDAQ:LNT) Stock Price

Alliant Energy (NASDAQ:LNT) had its target price decreased by research analysts at Mizuho from $76.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective would suggest a potential upside of 5.96% from the company’s previous close.

Several other research analysts have also commented on the stock. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. BMO Capital Markets cut their price target on shares of Alliant Energy from $83.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Stock Performance

Shares of LNT stock opened at $70.78 on Monday. The company has a market cap of $18.28 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. Alliant Energy has a 1 year low of $63.28 and a 1 year high of $78.81. The stock’s 50 day simple moving average is $74.09 and its two-hundred day simple moving average is $71.86. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.53.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Research analysts predict that Alliant Energy will post 3.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Alliant Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after buying an additional 383,612 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Alliant Energy by 1.2% during the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock worth $808,996,000 after acquiring an additional 138,683 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Alliant Energy by 799.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after acquiring an additional 7,460,117 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Alliant Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after acquiring an additional 167,581 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Alliant Energy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock valued at $458,071,000 after purchasing an additional 128,998 shares during the period. 79.90% of the stock is currently owned by 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.