Alliant Energy (NASDAQ:LNT) Reaches New 52-Week Low – What’s Next?

Alliant Energy Corporation (NASDAQ:LNT) shares hit a new 52-week low on Wednesday. The company traded as low as $63.56 and last traded at $64.1080, with a volume of 200304 shares trading hands. The stock had previously closed at $64.62.

Wall Street Analysts Forecast Growth

LNT has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. TD Cowen started coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 20th. Finally, Mizuho cut their price objective on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Stock Performance

The stock has a 50 day simple moving average of $69.23 and a 200 day simple moving average of $71.67. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 2.72 and a beta of 0.54. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (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 analyst estimates of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The company 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 $0.5350 per share. The ex-dividend date was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.4%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LNT. Jupiter Topco LLC purchased a new stake in Alliant Energy during the 2nd quarter worth $837,468,000. Janus Henderson Group PLC boosted its position in Alliant Energy by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after buying an additional 138,683 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Alliant Energy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock valued at $458,071,000 after acquiring an additional 128,998 shares in the last quarter. Cohen & Steers Inc. grew its stake in shares of Alliant Energy by 41.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock valued at $235,004,000 after acquiring an additional 1,063,268 shares in the last quarter. Finally, Reaves W H & Co. Inc. increased its position in shares of Alliant Energy by 71.8% during the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock worth $198,752,000 after acquiring an additional 1,278,166 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.