Alliant Energy (NASDAQ:LNT) Stock Rating Lowered by Wall Street Zen

Alliant Energy (NASDAQ:LNT) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Other research analysts have also issued research reports about the stock. Mizuho cut their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. BMO Capital Markets decreased their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings lowered Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Finally, Barclays set a $74.00 price objective on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.82.

Alliant Energy Stock Down 1.7%

LNT opened at $68.21 on Friday. Alliant Energy has a 1-year low of $63.28 and a 1-year high of $78.81. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 2.57 and a beta of 0.55. The business has a 50 day moving average of $73.78 and a 200-day moving average of $71.98.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share (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 business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same quarter last year, the company posted $0.68 earnings per share. Alliant Energy’s quarterly revenue was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts anticipate that Alliant Energy will post 3.43 earnings per share for the current year.

Institutional Investors Weigh In On Alliant Energy

Institutional investors have recently added to or reduced their stakes in the stock. Delta Global Management LP bought a new position in shares of Alliant Energy during the first quarter worth $2,512,000. Merit Financial Group LLC increased its position in shares of Alliant Energy by 271.7% in the 4th quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock valued at $2,873,000 after buying an additional 32,300 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Alliant Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after buying an additional 383,612 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Alliant Energy by 2.4% in 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 buying an additional 167,581 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in Alliant Energy by 5.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after buying an additional 215,188 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

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.