Alliant Energy (NASDAQ:LNT) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Alliant Energy (NASDAQ:LNT) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other research analysts also recently weighed in on the company. Mizuho reduced their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. TD Cowen started coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target on the stock. BMO Capital Markets cut their price target on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and set a $80.00 price objective on shares of Alliant Energy in a research report on Thursday, August 27th. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Stock Down 0.5%

LNT stock opened at $66.92 on Friday. Alliant Energy has a one year low of $63.28 and a one year high of $78.81. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The firm’s fifty day moving average is $71.00 and its 200 day moving average is $72.05. The firm has a market cap of $17.35 billion, a PE ratio of 21.18, a P/E/G ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts forecast that Alliant Energy will post 3.42 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s dividend payout ratio is currently 67.72%.

Institutional Investors Weigh In On Alliant Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in LNT. Delta Global Management LP acquired a new stake in Alliant Energy in the 1st quarter valued at about $2,512,000. The Manufacturers Life Insurance Company purchased a new position in Alliant Energy in the 2nd quarter worth approximately $47,562,000. Reaves W H & Co. Inc. boosted its holdings in shares of Alliant Energy by 71.8% during the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock worth $198,752,000 after purchasing an additional 1,278,166 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Alliant Energy during the 1st quarter worth approximately $2,102,000. Finally, Nykredit A S purchased a new stake in shares of Alliant Energy in the second quarter valued at approximately $1,171,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.