Alliant Energy (NASDAQ:LNT) Rating Lowered to Sell at Wall Street Zen

Alliant Energy (NASDAQ:LNT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

A number of other research analysts have also recently issued reports on LNT. HSBC raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group restated a “buy” rating and issued a $78.00 price target on shares of Alliant Energy in a report on Monday, November 24th. UBS Group set a $75.00 price objective on Alliant Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. BMO Capital Markets reiterated an “outperform” rating and set a $78.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, February 23rd. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $75.00 price target on shares of Alliant Energy in a research report on Sunday, February 22nd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Moderate Buy” and an average price target of $74.50.

Alliant Energy Trading Down 0.0%

NASDAQ:LNT opened at $72.33 on Friday. Alliant Energy has a 1 year low of $57.09 and a 1 year high of $72.63. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. The stock has a fifty day moving average price of $67.48 and a two-hundred day moving average price of $66.81. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 2.96 and a beta of 0.67.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, February 19th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $673.11 million. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts anticipate that Alliant Energy will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alliant Energy

Several hedge funds have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy during the third quarter worth approximately $27,000. Country Trust Bank purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at $30,000. First Horizon Advisors Inc. increased its holdings in shares of Alliant Energy by 84.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock worth $31,000 after buying an additional 237 shares during the last quarter. MRP Capital Investments LLC purchased a new position in shares of Alliant Energy in the 3rd quarter worth $35,000. Finally, Hantz Financial Services Inc. boosted its holdings in Alliant Energy by 256.7% in the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after acquiring an additional 403 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

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.