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

Alliant Energy Corporation (NASDAQ:LNT) has earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $76.60.

A number of analysts have commented on LNT shares. Barclays set a $74.00 price target on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada initiated coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target for the company. Finally, BMO Capital Markets set a $81.00 price objective on Alliant Energy in a report on Monday, May 4th.

Alliant Energy Stock Performance

Shares of LNT opened at $73.11 on Friday. The stock has a 50-day moving average of $72.42 and a two-hundred day moving average of $69.62. Alliant Energy has a one year low of $59.62 and a one year 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 stock has a market cap of $18.88 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.98 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.82 EPS 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 company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The firm’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, research analysts predict that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

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

Hedge Funds Weigh In On Alliant Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC acquired a new position in shares of Alliant Energy in the 3rd quarter valued at about $27,000. MRP Capital Investments LLC acquired a new position in shares of Alliant Energy in the 3rd quarter valued at about $35,000. Hantz Financial Services Inc. lifted its holdings in shares of Alliant Energy by 256.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after buying an additional 403 shares during the period. Western Wealth Management LLC acquired a new position in shares of Alliant Energy in the 1st quarter valued at about $41,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Alliant Energy by 235.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after buying an additional 445 shares during the period. Institutional investors and hedge funds 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.