Alliant Energy (NASDAQ:LNT) Reaches New 1-Year High – Still a Buy?

Alliant Energy Corporation (NASDAQ:LNT)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $76.36 and last traded at $76.4080, with a volume of 71666 shares traded. The stock had previously closed at $75.59.

Wall Street Analyst Weigh In

LNT has been the subject of a number of recent research reports. Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. 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. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a research report on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Barclays set a $74.00 target price on shares of Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Price Performance

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 company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56. The company has a 50-day moving average price of $72.55 and a 200-day moving average price of $69.95.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates 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 period last year, the company posted $0.83 EPS. Alliant Energy’s revenue for the quarter was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities research analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 67.08%.

Institutional Trading of Alliant Energy

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after acquiring an additional 383,612 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Alliant Energy by 1.2% in the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock worth $808,996,000 after acquiring an additional 138,683 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Alliant Energy by 799.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after purchasing an additional 7,460,117 shares during the period. Massachusetts Financial Services Co. MA lifted 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 purchasing an additional 167,581 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Alliant Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock valued at $458,071,000 after purchasing an additional 128,998 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

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.