BMO Capital Markets Cuts Alliant Energy (NASDAQ:LNT) Price Target to $80.00

Alliant Energy (NASDAQ:LNT) had its price objective trimmed by BMO Capital Markets from $83.00 to $80.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings raised shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Wells Fargo & Company reissued an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a research report on Tuesday, April 21st. Scotiabank restated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Wall Street Zen downgraded Alliant Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alliant Energy has a consensus rating of “Moderate Buy” and a consensus target price of $77.09.

Alliant Energy Stock Up 0.7%

LNT stock opened at $74.94 on Wednesday. The company has a market cap of $19.36 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 2.76 and a beta of 0.55. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. Alliant Energy has a twelve month low of $63.28 and a twelve month high of $78.81. The business has a 50 day moving average price of $74.16 and a two-hundred day moving average price of $71.57.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations 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 was up 5.0% on a year-over-year basis. During the same period last year, the business earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts anticipate that Alliant Energy will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be paid a $0.535 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. Alliant Energy’s dividend payout ratio is 67.08%.

Institutional Investors Weigh In On Alliant Energy

A number of large investors have recently added to or reduced their stakes in LNT. Annex Advisory Services LLC lifted its position in shares of Alliant Energy by 2.2% during the 2nd quarter. Annex Advisory Services LLC now owns 10,112 shares of the company’s stock valued at $771,000 after acquiring an additional 215 shares during the period. Accel Wealth Management boosted its position in shares of Alliant Energy by 17.4% during the 2nd quarter. Accel Wealth Management now owns 8,972 shares of the company’s stock worth $684,000 after acquiring an additional 1,331 shares in the last quarter. Tema ETFs LLC increased its stake in Alliant Energy by 6.6% in the second quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock valued at $178,000 after acquiring an additional 145 shares during the last quarter. Great Waters Wealth Management increased its stake in Alliant Energy by 5.8% in the second quarter. Great Waters Wealth Management now owns 3,647 shares of the company’s stock valued at $278,000 after acquiring an additional 200 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in Alliant Energy by 9.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,277 shares of the company’s stock valued at $4,141,000 after purchasing an additional 4,669 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

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.