Alliant Energy (NASDAQ:LNT) Rating Lowered to “Strong Sell” at Wall Street Zen

Alliant Energy (NASDAQ:LNT) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

A number of other analysts have also recently weighed in on the stock. Scotiabank reissued a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Weiss Ratings upgraded Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $83.00 price target (up from $81.00) on shares of Alliant Energy in a research note on Wednesday. TD Cowen assumed coverage on Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. Finally, Barclays set a $74.00 target price on shares of Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.36.

Alliant Energy Price Performance

Shares of LNT stock opened at $74.82 on Friday. The company has a market capitalization of $19.32 billion, a P/E ratio of 23.45, a P/E/G ratio of 3.05 and a beta of 0.55. 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 $63.28 and a 12 month high of $78.81. The stock has a 50 day moving average of $73.96 and a two-hundred day moving average of $71.30.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Alliant Energy by 103.8% in the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock valued at $4,292,000 after acquiring an additional 33,978 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Alliant Energy by 98.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after purchasing an additional 538,603 shares during the last quarter. Empowered Funds LLC lifted its position in Alliant Energy by 18.8% during the 1st quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after purchasing an additional 974 shares during the period. Woodline Partners LP lifted its position in Alliant Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after purchasing an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Alliant Energy by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock valued at $81,000 after purchasing an additional 239 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

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.