Brokerages Set Alliant Energy Corporation (NASDAQ:LNT) PT at $76.60

Shares of Alliant Energy Corporation (NASDAQ:LNT) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $76.60.

Several research analysts have recently issued reports on LNT shares. BMO Capital Markets set a $81.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Barclays set a $74.00 price target on shares of Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Finally, Scotiabank reiterated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $73.68 on Wednesday. The stock’s 50-day simple moving average is $72.14 and its 200-day simple moving average is $69.23. The firm has a market capitalization of $19.03 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 3.02 and a beta of 0.58. Alliant Energy has a fifty-two week low of $59.62 and a fifty-two week high of $75.76. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. 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 research analysts forecast that Alliant Energy will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a $0.535 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. Alliant Energy’s dividend payout ratio is 67.08%.

Institutional Trading of Alliant Energy

Large investors have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy in the 3rd quarter valued at about $27,000. MRP Capital Investments LLC acquired a new stake in Alliant Energy during the 3rd quarter worth $35,000. Hantz Financial Services Inc. boosted its stake in Alliant Energy by 256.7% during the 3rd 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. Western Wealth Management LLC acquired a new stake in Alliant Energy during the 1st quarter worth $41,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

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.