Alliant Energy (NASDAQ:LNT) Hits New 12-Month High – What’s Next?

Alliant Energy Corporation (NASDAQ:LNT)’s stock price reached a new 52-week high on Thursday . The company traded as high as $77.48 and last traded at $77.5490, with a volume of 686919 shares traded. The stock had previously closed at $75.79.

Wall Street Analysts Forecast Growth

LNT has been the subject of several recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price objective for the company. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Scotiabank reissued a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Trading Up 2.6%

The firm has a market capitalization of $20.08 billion, a PE ratio of 24.33, a P/E/G ratio of 3.11 and a beta of 0.55. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The business’s fifty day moving average price is $72.95 and its 200 day moving average price is $70.36.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for 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 quarterly 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. As a group, analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a $0.535 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 2.8%. Alliant Energy’s payout ratio is 67.08%.

Institutional Trading of Alliant Energy

Institutional investors have recently made changes to their positions in the stock. Merit Financial Group LLC grew its holdings in shares of Alliant Energy by 271.7% during the 4th quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock worth $2,873,000 after purchasing an additional 32,300 shares during the period. Vanguard Group Inc. grew its stake in shares of Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after buying an additional 383,612 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Alliant Energy by 2.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after buying an additional 167,581 shares during the period. Pictet Asset Management Holding SA lifted its position in Alliant Energy by 5.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after acquiring an additional 215,188 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Alliant Energy by 143.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 255,377 shares of the company’s stock worth $16,602,000 after acquiring an additional 150,663 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

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.