Alliant Energy (NASDAQ:LNT) Reaches New 1-Year Low – Here’s Why

Alliant Energy Corporation (NASDAQ:LNT)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $63.56 and last traded at $64.1080, with a volume of 200304 shares changing hands. The stock had previously closed at $64.62.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Mizuho reduced their price target 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. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday. TD Cowen began coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective on the stock. Finally, BMO Capital Markets cut their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Alliant Energy Stock Performance

The business has a 50-day simple moving average of $69.70 and a 200 day simple moving average of $71.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. The firm has a market cap of $16.55 billion, a PE ratio of 20.25, a PEG ratio of 2.74 and a beta of 0.54.

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

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, July 31st. Alliant Energy’s dividend payout ratio is presently 67.72%.

Institutional Trading of Alliant Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC increased its stake in Alliant Energy by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock worth $808,996,000 after buying an additional 138,683 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of Alliant Energy in the second quarter valued at about $837,468,000. Geode Capital Management LLC lifted its position in shares of Alliant Energy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock valued at $458,071,000 after acquiring an additional 128,998 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Alliant Energy by 41.7% in the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock worth $235,004,000 after acquiring an additional 1,063,268 shares during the period. Finally, Reaves W H & Co. Inc. boosted its stake in shares of Alliant Energy by 71.8% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock worth $198,752,000 after acquiring an additional 1,278,166 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.