Wall Street Zen Downgrades Alliant Energy (NASDAQ:LNT) to Strong Sell

Alliant Energy (NASDAQ:LNT) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday, Wall Street Zen reports.

Several other brokerages have also issued reports on LNT. Weiss Ratings lowered shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of Alliant Energy in a report on Thursday, August 27th. TD Cowen started coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. BMO Capital Markets lowered their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Finally, Mizuho dropped 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. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Alliant Energy currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Alliant Energy Price Performance

Shares of LNT stock opened at $67.26 on Friday. Alliant Energy has a 12 month low of $63.28 and a 12 month high of $78.81. The firm has a market cap of $17.44 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The stock has a 50 day moving average of $71.19 and a 200-day moving average of $72.08. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41.

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 the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The company had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $896.94 million. During the same period in the prior year, the business earned $0.68 earnings per share. Alliant Energy’s revenue for the quarter was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities analysts predict that Alliant Energy will post 3.42 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in shares of Alliant Energy by 7,371.9% in the 2nd quarter. California State Teachers Retirement System now owns 22,876,930 shares of the company’s stock valued at $1,745,281,000 after buying an additional 22,570,756 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Alliant Energy by 1.2% during the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after acquiring an additional 138,683 shares during the period. Jupiter Topco LLC bought a new position in Alliant Energy in the second quarter valued at about $837,468,000. Price T Rowe Associates Inc. MD boosted its holdings in Alliant Energy by 799.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after acquiring an additional 7,460,117 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Alliant Energy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after purchasing an additional 128,998 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

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.