Brokerages Set Alliant Energy Corporation (NASDAQ:LNT) PT at $68.56

Alliant Energy Corporation (NASDAQ:LNT) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $69.00.

Several brokerages have issued reports on LNT. BMO Capital Markets lifted their price objective on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday, October 8th. Barclays set a $65.00 price target on shares of Alliant Energy and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. Bank of America increased their price objective on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $67.34 on Friday. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 3.20 and a beta of 0.57. The firm’s 50-day moving average price is $66.42 and its two-hundred day moving average price is $63.95. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. Alliant Energy has a 1-year low of $56.20 and a 1-year high of $69.75.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.34 billion. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, equities analysts predict that Alliant Energy will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be issued a $0.5075 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is currently 62.65%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LNT. Centaurus Financial Inc. increased its stake in shares of Alliant Energy by 9.7% in the 2nd quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock valued at $115,000 after buying an additional 167 shares during the period. Horizon Investments LLC boosted its holdings in Alliant Energy by 4.9% in the first quarter. Horizon Investments LLC now owns 3,682 shares of the company’s stock valued at $235,000 after acquiring an additional 172 shares during the last quarter. Integrity Alliance LLC. increased its position in Alliant Energy by 3.0% in the second quarter. Integrity Alliance LLC. now owns 6,006 shares of the company’s stock worth $363,000 after purchasing an additional 173 shares during the period. Moss Adams Wealth Advisors LLC increased its position in Alliant Energy by 4.8% in the second quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company’s stock worth $230,000 after purchasing an additional 176 shares during the period. Finally, Financial Advisors Network Inc. raised its holdings in Alliant Energy by 4.1% during the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company’s stock worth $305,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.