Alliant Energy (NASDAQ:LNT) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Alliant Energy (NASDAQ:LNTFree Report) from a strong sell rating to a hold rating in a research report report published on Saturday.

Several other equities research analysts have also weighed in on the company. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. TD Cowen began coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Wells Fargo & Company restated an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a research report on Tuesday, April 21st. Finally, BMO Capital Markets dropped their price objective on shares of Alliant Energy from $83.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alliant Energy has a consensus rating of “Moderate Buy” and a consensus price target of $77.09.

Read Our Latest Research Report on LNT

Alliant Energy Stock Down 0.2%

NASDAQ:LNT opened at $70.78 on Friday. The firm 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 stock has a 50 day moving average of $74.09 and a 200-day moving average of $71.82. Alliant Energy has a 52 week low of $63.28 and a 52 week high of $78.81. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNTGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business 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 11.23% 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 prior year, the firm earned $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts predict that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new stake in Alliant Energy in the 2nd quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Alliant Energy in the 3rd quarter worth approximately $27,000. Western Wealth Management LLC acquired a new position in shares of Alliant Energy in the 1st quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Alliant Energy by 235.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Alliant Energy in the 2nd quarter worth approximately $46,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Alliant Energy

Here are the key news stories impacting Alliant Energy this week:

About Alliant Energy

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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.

Further Reading

Analyst Recommendations for Alliant Energy (NASDAQ:LNT)

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