Alliant Energy Corporation (NASDAQ:LNT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Alliant Energy Corporation (NASDAQ:LNT) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $76.60.

A number of brokerages have weighed in on LNT. BMO Capital Markets set a $81.00 target price on Alliant Energy in a research report on Monday, May 4th. Mizuho set a $76.00 price target on shares of Alliant Energy in a research note on Monday, May 4th. Royal Bank Of Canada initiated coverage on shares of Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective for the company. Scotiabank restated a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th.

Institutional Trading of Alliant Energy

A number of hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in Alliant Energy by 95.4% in the 1st quarter. Empowered Funds LLC now owns 12,592 shares of the company’s stock worth $904,000 after purchasing an additional 6,149 shares during the period. Parallel Advisors LLC grew its holdings in Alliant Energy by 82.9% during the first quarter. Parallel Advisors LLC now owns 5,187 shares of the company’s stock valued at $372,000 after purchasing an additional 2,351 shares during the period. Cozad Asset Management Inc. grew its holdings in Alliant Energy by 1.8% during the first quarter. Cozad Asset Management Inc. now owns 27,317 shares of the company’s stock valued at $1,960,000 after purchasing an additional 486 shares during the period. Glenmede Trust Co. NA increased its position in Alliant Energy by 11.9% in the first quarter. Glenmede Trust Co. NA now owns 38,425 shares of the company’s stock worth $2,757,000 after buying an additional 4,094 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in Alliant Energy in the first quarter worth about $2,102,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

LNT stock opened at $72.97 on Friday. The stock’s 50 day simple moving average is $72.46 and its 200 day simple moving average is $69.74. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. Alliant Energy has a 12-month low of $59.82 and a 12-month high of $75.76. The stock has a market capitalization of $18.85 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.97 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts forecast that Alliant Energy will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.535 per share. 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 dividend payout ratio is presently 67.08%.

About Alliant Energy

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.