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

Shares of Alliant Energy Corporation (NASDAQ:LNT) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $77.00.

Several research firms have commented on LNT. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. TD Cowen began coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price on the stock. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Scotiabank restated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price target on shares of Alliant Energy in a research report on Thursday.

Alliant Energy Trading Down 1.0%

Shares of Alliant Energy stock opened at $68.21 on Friday. Alliant Energy has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The business’s fifty day moving average is $72.96 and its two-hundred day moving average is $72.23. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The firm has a market cap of $17.69 billion, a PE ratio of 21.59, a P/E/G ratio of 2.56 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts anticipate that Alliant Energy will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. Alliant Energy’s payout ratio is currently 67.72%.

Institutional Trading of Alliant Energy

A number of institutional investors and hedge funds have recently made changes to their positions in LNT. Delta Global Management LP acquired a new position in shares of Alliant Energy in the 1st quarter valued at about $2,512,000. Vanguard Group Inc. boosted its position in shares of Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after buying an additional 383,612 shares during the period. Nicholas Company Inc. purchased a new position in Alliant Energy in the 4th quarter worth approximately $5,736,000. The Manufacturers Life Insurance Company purchased a new position in shares of Alliant Energy in the second quarter valued at $47,562,000. Finally, Reaves W H & Co. Inc. boosted its stake in shares of Alliant Energy by 71.8% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after purchasing an additional 1,278,166 shares during the period. 79.90% of the stock is currently 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.