Alliant Energy (NASDAQ:LNT) Sets New 12-Month High – Here’s Why

Shares of Alliant Energy Corporation (NASDAQ:LNT) hit a new 52-week high during trading on Thursday . The stock traded as high as $76.36 and last traded at $76.4080, with a volume of 71666 shares. The stock had previously closed at $75.59.

Analysts Set New Price Targets

Several research firms have recently weighed in on LNT. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Royal Bank Of Canada started coverage on shares of Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 target price for the company. Mizuho set a $76.00 price target on Alliant Energy in a research note on Monday, May 4th. Finally, Scotiabank reiterated a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Price Performance

The company’s fifty day moving average is $72.55 and its 200 day moving average is $69.95. The firm has a market cap of $19.59 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.04 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $0.83 EPS. The company’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. On average, equities research analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

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. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.8%. Alliant Energy’s dividend payout ratio (DPR) is presently 67.08%.

Institutional Trading of Alliant Energy

Several institutional investors and hedge funds have recently bought and sold shares of LNT. Vanguard Group Inc. grew its stake in Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after purchasing an additional 383,612 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Alliant Energy by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock worth $808,996,000 after purchasing an additional 138,683 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Alliant Energy by 799.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after purchasing an additional 7,460,117 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Alliant Energy by 2.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after buying an additional 167,581 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Alliant Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock valued at $458,071,000 after buying an additional 128,998 shares during 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.