Alliant Energy Corporation (NASDAQ:LNT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Alliant Energy Corporation (NASDAQ:LNT) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $77.1818.

A number of analysts have commented on the company. Royal Bank Of Canada assumed coverage on Alliant Energy in a research report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target for the company. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Finally, Scotiabank restated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th.

Hedge Funds Weigh In On Alliant Energy

Hedge funds have recently modified their holdings of the stock. Cedar Mountain Advisors LLC purchased a new position in Alliant Energy during the second quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy in the 3rd quarter worth approximately $27,000. MRP Capital Investments LLC purchased a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $35,000. Western Wealth Management LLC purchased a new position in shares of Alliant Energy in the first quarter valued at $41,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after purchasing an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of LNT opened at $76.37 on Thursday. The company has a market capitalization of $19.72 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 3.17 and a beta of 0.55. Alliant Energy has a twelve month low of $60.91 and a twelve month high of $78.81. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The firm has a 50 day moving average of $73.49 and a 200 day moving average of $70.78.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts anticipate that Alliant Energy will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.535 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.8%. Alliant Energy’s payout ratio is currently 67.08%.

Alliant Energy Company Profile

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.