Alliant Energy (NASDAQ:LNT) Research Coverage Started at HSBC

HSBC assumed coverage on shares of Alliant Energy (NASDAQ:LNT) in a research note issued to investors on Thursday morning, MarketBeat.com reports. The firm issued a hold rating and a $69.50 price objective on the stock.

Several other research firms have also recently issued reports on LNT. BMO Capital Markets restated an “outperform” rating and set a $75.00 price objective on shares of Alliant Energy in a research report on Wednesday, October 14th. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 20th. TD Cowen began coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Mizuho decreased their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Barclays set a $68.00 price target on shares of Alliant Energy and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus target price of $74.68.

Alliant Energy Price Performance

NASDAQ:LNT opened at $69.66 on Thursday. Alliant Energy has a one year low of $62.54 and a one year high of $78.81. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The stock has a market cap of $18.06 billion, a PE ratio of 22.04, a P/E/G ratio of 2.93 and a beta of 0.52. The stock has a 50 day moving average price of $66.90 and a 200 day moving average price of $70.91.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities research analysts expect that Alliant Energy will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be paid a $0.5350 dividend. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 30th. Alliant Energy’s dividend payout ratio is 67.72%.

Hedge Funds Weigh In On Alliant Energy

Hedge funds have recently modified their holdings of the business. Tema ETFs LLC increased its position in shares of Alliant Energy by 6.6% during the 2nd quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock worth $178,000 after purchasing an additional 145 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Alliant Energy by 25.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 840 shares of the company’s stock valued at $64,000 after buying an additional 173 shares during the period. Resonant Capital Advisors LLC raised its holdings in Alliant Energy by 4.6% in the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock valued at $300,000 after buying an additional 184 shares during the period. Westpac Banking Corp lifted its position in Alliant Energy by 0.9% in the first quarter. Westpac Banking Corp now owns 20,797 shares of the company’s stock valued at $1,492,000 after buying an additional 187 shares during the last quarter. Finally, Great Waters Wealth Management lifted its position in Alliant Energy by 5.8% in the second quarter. Great Waters Wealth Management now owns 3,647 shares of the company’s stock valued at $278,000 after buying an additional 200 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 is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

Alliant Energy’s operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.