Alliant Energy Corporation (NASDAQ:LNT) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Alliant Energy Corporation (NASDAQ:LNT) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Five 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 brokers that have issued ratings on the stock in the last year is $77.00.

LNT has been the subject of several recent research reports. TD Cowen assumed coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price for the company. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, September 20th. BMO Capital Markets reduced their price objective on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Mizuho decreased their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $80.00 target price on shares of Alliant Energy in a research report on Thursday, August 27th.

Alliant Energy Stock Up 0.5%

Shares of Alliant Energy stock opened at $63.60 on Tuesday. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.68 and a beta of 0.54. The stock has a 50-day simple moving average of $69.01 and a 200-day simple moving average of $71.61. Alliant Energy has a 52-week low of $62.70 and a 52-week high of $78.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35.

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

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a $0.5350 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.4%. Alliant Energy’s payout ratio is currently 67.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC bought a new position in shares of Alliant Energy in the 2nd quarter valued at approximately $26,000. Clearstead Trust LLC bought a new stake in shares of Alliant Energy in the second quarter valued at approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Alliant Energy in the 2nd quarter valued at $32,000. Continuum Advisory LLC bought a new stake in shares of Alliant Energy in the second quarter valued at about $40,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Alliant Energy during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

About Alliant Energy

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.