Alliant Energy (NASDAQ:LNT) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Alliant Energy (NASDAQ:LNT) from a hold rating to a sell rating in a report published on Sunday morning.

A number of other research analysts also recently commented on the company. UBS Group set a $75.00 price target on Alliant Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Jefferies Financial Group restated a “buy” rating and issued a $78.00 price target on shares of Alliant Energy in a research report on Monday, November 24th. Argus reaffirmed a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th. Mizuho set a $73.00 price objective on shares of Alliant Energy in a research note on Monday, February 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $78.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.50.

Alliant Energy Stock Performance

NASDAQ LNT opened at $72.34 on Friday. Alliant Energy has a twelve month low of $57.09 and a twelve month high of $72.40. The business’s 50-day moving average price is $67.33 and its 200 day moving average price is $66.76. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $18.60 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 2.96 and a beta of 0.66.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, February 19th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $673.11 million. During the same period last year, the company posted $0.70 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts predict that Alliant Energy will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, January 30th. Alliant Energy’s dividend payout ratio is presently 67.94%.

Institutional Trading of Alliant Energy

Several large investors have recently added to or reduced their stakes in LNT. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy during the 3rd quarter worth $27,000. Country Trust Bank acquired a new position in shares of Alliant Energy during the second quarter valued at $30,000. First Horizon Advisors Inc. raised its stake in shares of Alliant Energy by 84.9% during the second quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock valued at $31,000 after purchasing an additional 237 shares in the last quarter. MRP Capital Investments LLC bought a new stake in shares of Alliant Energy during the third quarter valued at about $35,000. Finally, Hantz Financial Services Inc. lifted its holdings in Alliant Energy by 256.7% in the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after purchasing an additional 403 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

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.