Alliant Energy Corporation (NASDAQ:LNT) Receives $77.18 Consensus Price Target from Analysts

Shares of Alliant Energy Corporation (NASDAQ:LNT) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $77.3636.

A number of brokerages have recently issued reports on LNT. 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. Barclays set a $74.00 price target on Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. BMO Capital Markets reissued an “outperform” rating and issued a $83.00 price objective (up from $81.00) on shares of Alliant Energy in a research note on Wednesday. Finally, TD Cowen began coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective for the company.

Institutional Trading of Alliant Energy

Several large investors have recently added to or reduced their stakes in LNT. Cedar Mountain Advisors LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in Alliant Energy in the third quarter worth approximately $27,000. MRP Capital Investments LLC acquired a new stake in Alliant Energy during the third quarter worth $35,000. Western Wealth Management LLC acquired a new stake in Alliant Energy during the first quarter worth $41,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after purchasing an additional 445 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Down 2.3%

LNT stock opened at $74.55 on Thursday. The firm has a market cap of $19.25 billion, a PE ratio of 23.37, a P/E/G ratio of 3.11 and a beta of 0.55. 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 firm’s fifty day moving average is $73.82 and its 200 day moving average is $71.16. Alliant Energy has a one year low of $61.79 and a one year high of $78.81.

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

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.