Alliant Energy (NASDAQ:LNT) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Alliant Energy (NASDAQ:LNT) from a sell rating to a strong sell rating in a research note published on Saturday morning.

Other research analysts have also recently issued research reports about the stock. TD Cowen began coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective on the stock. Mizuho set a $76.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a research note on Tuesday, April 21st. Weiss Ratings upgraded shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Finally, Scotiabank reissued a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus price target of $77.36.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $74.82 on Friday. The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 3.05 and a beta of 0.55. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. The stock has a 50 day moving average price of $73.96 and a 200-day moving average price of $71.26. Alliant Energy has a one year low of $63.28 and a one year high of $78.81.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.Alliant Energy’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts expect 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 will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 31st. Alliant Energy’s dividend payout ratio is 67.08%.

Institutional Trading of Alliant Energy

Several institutional investors and hedge funds have recently made changes to their positions in LNT. AQR Capital Management LLC increased its stake in Alliant Energy by 103.8% in the 1st quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after buying an additional 33,978 shares during the period. Goldman Sachs Group Inc. boosted its position in Alliant Energy by 98.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after buying an additional 538,603 shares during the period. Empowered Funds LLC boosted its position in Alliant Energy by 18.8% in the 1st quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after buying an additional 974 shares during the period. Woodline Partners LP grew its stake in Alliant Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock worth $1,395,000 after acquiring an additional 6,269 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Alliant Energy by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 239 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

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.