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

Alliant Energy Corporation (NASDAQ:LNT) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $76.60.

A number of research analysts have recently issued reports on LNT shares. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a research note on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada started coverage on Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price objective on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LNT. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy during the 3rd quarter worth approximately $27,000. MRP Capital Investments LLC acquired a new position in Alliant Energy during the 3rd quarter worth approximately $35,000. Hantz Financial Services Inc. raised its stake in Alliant Energy by 256.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after buying an additional 403 shares during the period. Western Wealth Management LLC acquired a new position in Alliant Energy during the 1st quarter worth approximately $41,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after buying an additional 445 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Up 1.3%

Shares of LNT opened at $73.00 on Wednesday. The company has a market capitalization of $18.85 billion, a PE ratio of 22.88, a PEG ratio of 2.94 and a beta of 0.58. Alliant Energy has a 12 month low of $59.62 and a 12 month high of $75.76. The stock’s 50-day moving average price is $71.95 and its two-hundred day moving average price is $69.00. 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 earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, analysts anticipate that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s payout ratio is currently 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.