Alliant Energy (NASDAQ:LNT) Now Covered by HSBC

Equities research analysts at HSBC began coverage on shares of Alliant Energy (NASDAQ:LNT) in a research note issued on Thursday, Marketbeat reports. The firm set a “hold” rating and a $69.50 price target on the stock. HSBC’s price objective would indicate a potential upside of 1.62% from the stock’s previous close.

LNT has been the subject of several other reports. Royal Bank Of Canada set a $75.00 price objective on shares of Alliant Energy in a report on Wednesday, October 14th. Mizuho dropped their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Weiss Ratings lowered shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 target price on shares of Alliant Energy in a research report on Monday, October 12th. Finally, BMO Capital Markets restated an “outperform” rating and set a $75.00 price target on shares of Alliant Energy in a report on Wednesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Alliant Energy has an average rating of “Moderate Buy” and a consensus price target of $74.68.

Alliant Energy Stock Up 0.2%

Shares of Alliant Energy stock opened at $68.39 on Thursday. The stock has a market capitalization of $17.73 billion, a P/E ratio of 21.64, a PEG ratio of 2.88 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average price of $66.91 and a two-hundred day moving average price of $70.93. Alliant Energy has a 12-month low of $62.54 and a 12-month high of $78.81.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS 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 company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same quarter last year, the company posted $0.68 earnings per share. 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. Equities analysts expect that Alliant Energy will post 3.43 earnings per share for the current year.

Hedge Funds Weigh In On Alliant Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in Alliant Energy by 4.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 12,374 shares of the company’s stock valued at $829,000 after purchasing an additional 530 shares during the last quarter. Uncommon Cents Investing Inc boosted its holdings in Alliant Energy by 3.9% in the 3rd quarter. Uncommon Cents Investing Inc now owns 12,540 shares of the company’s stock valued at $794,000 after purchasing an additional 466 shares during the period. IFP Advisors Inc grew its position in Alliant Energy by 4.4% in the 3rd quarter. IFP Advisors Inc now owns 11,106 shares of the company’s stock worth $703,000 after purchasing an additional 467 shares during the last quarter. Annex Advisory Services LLC grew its position in Alliant Energy by 4.5% in the 3rd quarter. Annex Advisory Services LLC now owns 10,569 shares of the company’s stock worth $669,000 after purchasing an additional 457 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Alliant Energy by 20.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 112,687 shares of the company’s stock worth $7,133,000 after purchasing an additional 19,307 shares during the period. Institutional investors own 79.90% of the company’s stock.

About Alliant Energy

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

Alliant Energy’s operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.