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

Shares of Alliant Energy Corporation (NASDAQ:LNT) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $77.00.

Several equities research analysts have commented on LNT shares. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Weiss Ratings lowered Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Mizuho decreased their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. BMO Capital Markets cut their price target on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Finally, TD Cowen started coverage on Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective on the stock.

Alliant Energy Trading Up 0.4%

NASDAQ:LNT opened at $68.00 on Friday. The stock has a fifty day moving average price of $72.31 and a two-hundred day moving average price of $72.20. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.85 and a beta of 0.54. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. Alliant Energy has a 1 year low of $63.28 and a 1 year high of $78.81.

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, beating analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $896.94 million. During the same period last year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts anticipate that Alliant Energy will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were given a $0.535 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio is presently 67.72%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Delta Global Management LP bought a new position in shares of Alliant Energy during the 1st quarter worth approximately $2,512,000. Vanguard Group Inc. boosted its position in Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after purchasing an additional 383,612 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Alliant Energy during the second quarter valued at about $47,562,000. Nicholas Company Inc. purchased a new position in Alliant Energy during the fourth quarter valued at approximately $5,736,000. Finally, Reaves W H & Co. Inc. increased its holdings in Alliant Energy by 71.8% during the 4th 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 period. Institutional investors and hedge funds own 79.90% of the company’s stock.

About Alliant Energy

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.