Alliant Energy Corporation (NASDAQ:LNT) Receives $66.00 Average Price Target from Brokerages

Alliant Energy Corporation (NASDAQ:LNT) has earned an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $66.00.

A number of research analysts recently commented on the company. Bank of America increased their price target on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 14th. UBS Group reissued a “neutral” rating and issued a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday. Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LNT. Merit Financial Group LLC lifted its holdings in Alliant Energy by 105.1% during the 1st quarter. Merit Financial Group LLC now owns 9,452 shares of the company’s stock worth $608,000 after buying an additional 4,843 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in Alliant Energy by 5.9% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company’s stock worth $234,000 after buying an additional 201 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Alliant Energy by 112.9% during the 1st quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company’s stock worth $378,000 after buying an additional 3,108 shares during the last quarter. Tounjian Advisory Partners LLC bought a new position in Alliant Energy during the 1st quarter worth approximately $1,468,000. Finally, International Private Wealth Advisors LLC lifted its holdings in Alliant Energy by 20.2% during the 1st quarter. International Private Wealth Advisors LLC now owns 6,480 shares of the company’s stock worth $417,000 after buying an additional 1,091 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT stock opened at $67.24 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. Alliant Energy has a 1 year low of $56.08 and a 1 year high of $68.52. The firm has a market cap of $17.28 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 3.19 and a beta of 0.54. The stock has a 50-day simple moving average of $65.49 and a 200-day simple moving average of $63.03.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, equities analysts predict that Alliant Energy will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 62.65%.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.