Alliant Energy (NASDAQ:LNT) Reaches New 1-Year Low – Here’s What Happened

Shares of Alliant Energy Corporation (NASDAQ:LNT) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $62.54 and last traded at $62.6120, with a volume of 80364 shares. The stock had previously closed at $63.30.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LNT. Jefferies Financial Group restated a “buy” rating and issued a $80.00 price target on shares of Alliant Energy in a research report on Thursday, August 27th. BMO Capital Markets cut their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. TD Cowen started coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target on the stock. Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, Mizuho reduced their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Nine investment 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 presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Alliant Energy Price Performance

The company has a market capitalization of $16.41 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 2.71 and a beta of 0.54. The company’s 50 day simple moving average is $68.41 and its 200-day simple moving average is $71.45. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $971.00 million during the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities research analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were issued a $0.5350 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 3.4%. Alliant Energy’s payout ratio is 67.72%.

Institutional Investors Weigh In On Alliant Energy

Hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC increased its stake in Alliant Energy by 1.2% in the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after purchasing an additional 138,683 shares during the last quarter. Jupiter Topco LLC purchased a new stake in Alliant Energy in the 2nd quarter valued at about $837,468,000. Cohen & Steers Inc. increased its stake in shares of Alliant Energy by 41.7% during the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock valued at $235,004,000 after acquiring an additional 1,063,268 shares during the last quarter. Magellan Asset Management Ltd increased its stake in shares of Alliant Energy by 40.3% during the 4th quarter. Magellan Asset Management Ltd now owns 2,180,425 shares of the company’s stock valued at $141,749,000 after acquiring an additional 626,730 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Alliant Energy during the 2nd quarter worth about $143,968,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

About Alliant Energy

Alliant Energy Corporation is a regulated energy holding company headquartered in Madison, Wisconsin. Through its utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

The company generates and distributes electricity through a diverse portfolio that includes wind, solar, natural gas, and other generation resources. It also operates electric transmission and distribution networks and natural gas distribution systems, while investing in renewable energy and infrastructure modernization to support a more sustainable energy mix and reliable service.

Alliant Energy traces its history to the utility businesses that became part of the company through a series of mergers and reorganizations, including the formation of Alliant Energy Corporation in the late 1990s.