Alliant Energy (NASDAQ:LNT) Reaches New 52-Week High – Should You Buy?

Alliant Energy Corporation (NASDAQ:LNT) shares reached a new 52-week high on Thursday . The company traded as high as $77.48 and last traded at $77.5490, with a volume of 686919 shares trading hands. The stock had previously closed at $75.79.

Analysts Set New Price Targets

LNT has been the topic of several analyst reports. Mizuho set a $76.00 price target on shares of Alliant Energy in a research note on Monday, May 4th. Royal Bank Of Canada began coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price objective for the company. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Barclays set a $74.00 target price on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, BMO Capital Markets set a $81.00 price target on Alliant Energy in a research note on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Stock Performance

The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $20.08 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 3.11 and a beta of 0.55. The company has a 50-day moving average of $72.95 and a 200-day moving average of $70.36.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities research analysts forecast that Alliant Energy Corporation 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. Stockholders of record on Thursday, April 30th were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 67.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Glenmede Investment Management LP grew its position in shares of Alliant Energy by 0.7% during the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after buying an additional 153 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Alliant Energy by 1.8% in the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after acquiring an additional 158 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in Alliant Energy by 4.8% in the fourth quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after acquiring an additional 161 shares during the last quarter. Simplicity Wealth LLC boosted its stake in Alliant Energy by 5.5% in the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock valued at $209,000 after acquiring an additional 167 shares during the period. Finally, Resonant Capital Advisors LLC boosted its stake in Alliant Energy by 4.6% in the first quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock valued at $300,000 after acquiring an additional 184 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

About Alliant Energy

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.