Alliant Energy (NASDAQ:LNT) Sets New 1-Year High – What’s Next?

Alliant Energy Corporation (NASDAQ:LNT)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $78.81 and last traded at $77.65, with a volume of 1982688 shares changing hands. The stock had previously closed at $76.58.

Analysts Set New Price Targets

A number of brokerages have commented on LNT. Scotiabank restated 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. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a research note on Monday, May 4th. Barclays set a $74.00 price objective on Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Royal Bank Of Canada initiated coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price for the company. Finally, TD Cowen started coverage on Alliant Energy in a report on Tuesday. They issued a “hold” rating for the company. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Stock Up 1.4%

The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. The business’s 50 day moving average is $73.41 and its 200 day moving average is $70.70. The company has a market capitalization of $20.06 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 3.12 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s payout ratio is presently 67.08%.

Institutional Investors Weigh In On Alliant Energy

Several large investors have recently bought and sold shares of LNT. Vanguard Group Inc. boosted its holdings in shares of Alliant Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after purchasing an additional 383,612 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Alliant Energy by 1.2% during the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock worth $808,996,000 after purchasing an additional 138,683 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Alliant Energy by 799.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after buying an additional 7,460,117 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Alliant Energy by 2.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after purchasing an additional 167,581 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Alliant Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after purchasing an additional 128,998 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other 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.