BMO Capital Markets Issues Pessimistic Forecast for Alliant Energy (NASDAQ:LNT) Stock Price

Alliant Energy (NASDAQ:LNT) had its price objective cut by equities researchers at BMO Capital Markets from $80.00 to $78.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 10.20% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Mizuho dropped their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday. Scotiabank restated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a research report on Tuesday, April 21st. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $70.78 on Monday. Alliant Energy has a 12 month low of $63.28 and a 12 month high of $78.81. The firm’s 50 day moving average is $74.09 and its 200 day moving average is $71.86. The stock has a market capitalization of $18.28 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $971.00 million during 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 business’s revenue for the quarter was up 1.0% on a year-over-year basis. 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. Sell-side analysts expect that Alliant Energy will post 3.43 earnings per share for the current year.

Hedge Funds Weigh In On Alliant Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LNT. Annex Advisory Services LLC raised its holdings in shares of Alliant Energy by 2.2% during the 2nd quarter. Annex Advisory Services LLC now owns 10,112 shares of the company’s stock worth $771,000 after acquiring an additional 215 shares in the last quarter. Accel Wealth Management increased its position in shares of Alliant Energy by 17.4% during the 2nd quarter. Accel Wealth Management now owns 8,972 shares of the company’s stock valued at $684,000 after purchasing an additional 1,331 shares during the last quarter. Tema ETFs LLC raised its holdings in Alliant Energy by 6.6% during the 2nd quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock valued at $178,000 after buying an additional 145 shares during the period. Great Waters Wealth Management lifted its position in Alliant Energy by 5.8% in the second quarter. Great Waters Wealth Management now owns 3,647 shares of the company’s stock worth $278,000 after buying an additional 200 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Alliant Energy by 9.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,277 shares of the company’s stock worth $4,141,000 after buying an additional 4,669 shares during the period. 79.90% of the stock is owned by 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.