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

Alliant Energy Corporation (NASDAQ:LNT) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $76.60.

A number of research analysts have recently issued reports on LNT shares. Royal Bank Of Canada started coverage on Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target on the stock. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Barclays set a $74.00 target price on Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Mizuho set a $76.00 target price on Alliant Energy in a research note on Monday, May 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glenmede Investment Management LP grew its stake in Alliant Energy by 0.7% during the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Alliant Energy by 1.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after buying an additional 158 shares during the last quarter. Apollon Wealth Management LLC grew its stake in Alliant Energy by 4.8% during the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after buying an additional 161 shares during the last quarter. Simplicity Wealth LLC grew its stake in Alliant Energy by 5.5% during the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after buying an additional 167 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in Alliant Energy by 4.6% during the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock worth $300,000 after buying an additional 184 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 0.7%

Shares of NASDAQ:LNT opened at $73.11 on Friday. Alliant Energy has a 12-month low of $59.62 and a 12-month high of $75.76. The business’s fifty day simple moving average is $72.42 and its 200-day simple moving average is $69.62. The company has a market capitalization of $18.88 billion, a PE ratio of 22.92, a P/E/G ratio of 2.98 and a beta of 0.56. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $0.83 EPS. The business’s 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, equities research analysts predict that Alliant Energy will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s payout ratio is 67.08%.

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.