Alliant Energy Corporation (NASDAQ:LNT) Receives $70.86 Average Target Price from Analysts

Alliant Energy Corporation (NASDAQ:LNT) has received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $71.1250.

A number of equities research analysts recently issued reports on LNT shares. Weiss Ratings restated a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 29th. Wolfe Research reissued an “outperform” rating and set a $76.00 price objective on shares of Alliant Energy in a research note on Monday, December 1st. Bank of America increased their target price on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. BMO Capital Markets raised Alliant Energy from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $70.00 to $71.00 in a research report on Tuesday, January 13th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $78.00 price objective on shares of Alliant Energy in a report on Monday, November 24th.

Hedge Funds Weigh In On Alliant Energy

Several hedge funds and other institutional investors have recently made changes to their positions in LNT. Apella Capital LLC increased its holdings in Alliant Energy by 22.2% in the 4th quarter. Apella Capital LLC now owns 6,094 shares of the company’s stock valued at $396,000 after purchasing an additional 1,109 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Alliant Energy by 277.8% in the fourth quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock worth $55,000 after buying an additional 600 shares during the period. Ethos Financial Group LLC acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $206,000. Accel Wealth Management raised its holdings in shares of Alliant Energy by 34.2% during the 4th quarter. Accel Wealth Management now owns 8,135 shares of the company’s stock valued at $529,000 after buying an additional 2,071 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Alliant Energy during the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.2%

Shares of Alliant Energy stock opened at $67.44 on Thursday. The firm has a market cap of $17.34 billion, a PE ratio of 21.21, a P/E/G ratio of 2.74 and a beta of 0.67. The company has a quick ratio of 0.70, a current ratio of 0.83 and a debt-to-equity ratio of 1.46. Alliant Energy has a fifty-two week low of $57.09 and a fifty-two week high of $69.75. The business’s fifty day moving average is $66.29 and its two-hundred day moving average is $65.91.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, November 6th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.05). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Analysts anticipate that Alliant Energy will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.535 per share. This is an increase from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, January 30th. Alliant Energy’s payout ratio is presently 63.84%.

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.