Alliant Energy Corporation (NASDAQ:LNT) Stock Has Average Price Target of $75.20

Shares of Alliant Energy Corporation (NASDAQ:LNT) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $75.20.

Several equities analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating and set a $75.00 price target on shares of Alliant Energy in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 price objective on shares of Alliant Energy in a report on Monday, October 12th. TD Cowen started coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. Royal Bank Of Canada set a $75.00 price objective on Alliant Energy in a research report on Wednesday. Finally, Barclays set a $68.00 target price on Alliant Energy and gave the company an “equal weight” rating in a research note on Tuesday.

Alliant Energy Stock Up 1.8%

LNT traded up $1.22 on Friday, reaching $68.32. 2,577,171 shares of the company traded hands, compared to its average volume of 3,057,783. The stock’s 50 day moving average price is $66.98 and its 200-day moving average price is $71.03. Alliant Energy has a 52-week low of $62.54 and a 52-week high of $78.81. The company has a market cap of $17.71 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.82 and a beta of 0.52. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue 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, sell-side analysts expect that Alliant Energy will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.5350 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is 67.72%.

Institutional Investors Weigh In On Alliant Energy

Several large investors have recently made changes to their positions in LNT. Cedar Mountain Advisors LLC bought a new position in Alliant Energy during the second quarter valued at approximately $26,000. Clearstead Trust LLC bought a new stake in Alliant Energy in the second quarter worth approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Alliant Energy in the second quarter worth approximately $32,000. Continuum Advisory LLC bought a new stake in Alliant Energy in the second quarter worth approximately $40,000. Finally, Fortress Financial Group LLC acquired a new position in shares of Alliant Energy during the 2nd quarter worth $2,063,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated energy holding company headquartered in Madison, Wisconsin. Through its utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

The company generates and distributes electricity through a diverse portfolio that includes wind, solar, natural gas, and other generation resources. It also operates electric transmission and distribution networks and natural gas distribution systems, while investing in renewable energy and infrastructure modernization to support a more sustainable energy mix and reliable service.

Alliant Energy traces its history to the utility businesses that became part of the company through a series of mergers and reorganizations, including the formation of Alliant Energy Corporation in the late 1990s.