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

Shares of Alliant Energy Corporation (NASDAQ:LNT) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $77.00.

LNT has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings lowered Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of Alliant Energy in a report on Thursday, August 27th. Mizuho dropped their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Finally, Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, September 20th.

Alliant Energy Price Performance

LNT opened at $63.21 on Tuesday. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 2.68 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. The firm has a 50-day moving average price of $68.79 and a 200-day moving average price of $71.55. Alliant Energy has a twelve month low of $62.70 and a twelve month high of $78.81.

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, topping the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts expect that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were paid a $0.5350 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s payout ratio is currently 67.72%.

Institutional Trading of Alliant Energy

Several institutional investors and hedge funds have recently made changes to their positions in LNT. Cedar Mountain Advisors LLC purchased a new position in Alliant Energy in the second quarter worth $26,000. Clearstead Trust LLC purchased a new stake in Alliant Energy during the second quarter valued at about $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Alliant Energy during the second quarter worth about $32,000. Continuum Advisory LLC bought a new stake in Alliant Energy during the second quarter worth about $40,000. Finally, Fortress Financial Group LLC purchased a new position in shares of Alliant Energy in the 2nd quarter worth about $2,063,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

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.