HSBC Begins Coverage on Alliant Energy (NASDAQ:LNT)

Equities researchers at HSBC began coverage on shares of Alliant Energy (NASDAQ:LNT) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm set a “hold” rating and a $69.50 price target on the stock. HSBC’s price target indicates a potential upside of 1.62% from the stock’s current price.

Several other analysts have also commented on LNT. Jefferies Financial Group reissued a “buy” rating and set a $75.00 target price on shares of Alliant Energy in a research note on Monday, October 12th. Barclays set a $68.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Alliant Energy in a report on Wednesday, October 14th. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada set a $75.00 price objective on Alliant Energy in a research report on Wednesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.68.

Alliant Energy Trading Up 0.2%

Shares of LNT stock opened at $68.39 on Thursday. Alliant Energy has a 1 year low of $62.54 and a 1 year high of $78.81. The firm has a market capitalization of $17.73 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.88 and a beta of 0.52. The stock has a fifty day moving average of $66.91 and a two-hundred day moving average of $70.93. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts expect that Alliant Energy will post 3.43 EPS for the current year.

Institutional Trading of Alliant Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Delta Global Management LP acquired a new stake in shares of Alliant Energy in the 1st quarter valued at $2,512,000. The Manufacturers Life Insurance Company acquired a new position in Alliant Energy during the second quarter worth $47,562,000. National Pension Service increased its position in Alliant Energy by 92.1% during the second quarter. National Pension Service now owns 37,458 shares of the company’s stock worth $2,858,000 after buying an additional 17,961 shares during the last quarter. Nykredit A S acquired a new position in Alliant Energy during the second quarter worth $1,171,000. Finally, Hsbc Holdings PLC raised its holdings in Alliant Energy by 13.7% during the second quarter. Hsbc Holdings PLC now owns 457,996 shares of the company’s stock valued at $34,998,000 after buying an additional 55,229 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

About Alliant Energy

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

Alliant Energy’s operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.