BMO Capital Markets Cuts Alliant Energy (NASDAQ:LNT) Price Target to $78.00

Alliant Energy (NASDAQ:LNT) had its target price reduced by BMO Capital Markets from $80.00 to $78.00 in a research note issued to investors on Monday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other research firms also recently issued reports on LNT. Mizuho dropped their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday. TD Cowen began coverage on Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target for the company. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 1st. Wells Fargo & Company reissued an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Finally, Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.82.

Alliant Energy Stock Performance

NASDAQ LNT opened at $70.20 on Monday. The firm has a market cap of $18.20 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The company has a quick ratio of 0.53, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The company’s 50 day moving average is $73.90 and its 200-day moving average is $71.95. Alliant Energy has a 12-month low of $63.28 and a 12-month high of $78.81.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $896.94 million. During the same period last year, the firm earned $0.68 EPS. Alliant Energy’s revenue for the quarter was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts predict that Alliant Energy will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a $0.535 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 3.0%. Alliant Energy’s dividend payout ratio is currently 67.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of 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 period. Janus Henderson Group PLC boosted its stake in Alliant Energy by 1.2% during the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after buying an additional 138,683 shares during the period. Price T Rowe Associates Inc. MD grew its position in 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 buying an additional 7,460,117 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Alliant Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after buying an additional 167,581 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Alliant Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after acquiring an additional 128,998 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

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.