BMO Capital Markets Issues Pessimistic Forecast for Alliant Energy (NASDAQ:LNT) Stock Price

Alliant Energy (NASDAQ:LNT) had its price objective dropped by BMO Capital Markets from $83.00 to $80.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 7.69% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Mizuho set a $76.00 target price on Alliant Energy in a research note on Monday, May 4th. TD Cowen initiated coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective on the stock. Weiss Ratings upgraded Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.09.

Alliant Energy Stock Performance

LNT stock traded up $1.17 during trading on Wednesday, reaching $74.28. The company had a trading volume of 640,462 shares, compared to its average volume of 2,477,095. 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 has a twelve month low of $63.28 and a twelve month high of $78.81. The company has a market cap of $19.19 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.55. The firm has a 50-day simple moving average of $74.00 and a 200-day simple moving average of $71.42.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) 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 analysts’ expectations of $1.08 billion. During the same quarter last year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts expect that Alliant Energy will post 3.43 earnings per share for the current year.

Institutional Trading of Alliant Energy

A number of hedge funds have recently modified their holdings of the stock. Cedar Mountain Advisors LLC acquired a new stake in Alliant Energy during the second quarter worth about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Alliant Energy in the 3rd quarter worth approximately $27,000. Western Wealth Management LLC acquired a new stake in shares of Alliant Energy during the 1st quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd grew its stake in shares of 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. Finally, MUFG Securities EMEA plc purchased a new position in shares of Alliant Energy during the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

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.