Alliant Energy Corporation (NASDAQ:LNT) Given Consensus Recommendation of “Hold” by Analysts

Alliant Energy Corporation (NASDAQ:LNT) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $70.8750.

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research note on Monday. Barclays set a $65.00 price objective on shares of Alliant Energy and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Bank of America increased their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, UBS Group upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $74.00 to $79.00 in a research report on Friday, October 24th.

Institutional Trading of Alliant Energy

Several institutional investors and hedge funds have recently bought and sold shares of LNT. Glenmede Investment Management LP boosted its holdings in shares of Alliant Energy by 0.7% in the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Alliant Energy by 1.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after acquiring an additional 158 shares in the last quarter. Centaurus Financial Inc. boosted its stake in Alliant Energy by 9.7% in the 2nd quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock worth $115,000 after purchasing an additional 167 shares during the period. Horizon Investments LLC grew its position in Alliant Energy by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,682 shares of the company’s stock worth $235,000 after purchasing an additional 172 shares in the last quarter. Finally, Integrity Alliance LLC. grew its position in Alliant Energy by 3.0% during the 2nd quarter. Integrity Alliance LLC. now owns 6,006 shares of the company’s stock worth $363,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

NASDAQ LNT opened at $66.53 on Wednesday. Alliant Energy has a 12 month low of $56.30 and a 12 month high of $69.75. The firm has a market capitalization of $17.10 billion, a PE ratio of 20.53, a P/E/G ratio of 3.20 and a beta of 0.57. The company’s 50 day simple moving average is $67.65 and its 200 day simple moving average is $64.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46.

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

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, October 31st. Alliant Energy’s payout ratio is presently 63.84%.

About Alliant Energy

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.