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

Alliant Energy Corporation (NASDAQ:LNT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $78.81 and last traded at $77.65, with a volume of 1982688 shares traded. The stock had previously closed at $76.58.

Analyst Ratings Changes

LNT has been the subject of several recent research reports. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. TD Cowen initiated coverage on shares of Alliant Energy in a report on Tuesday. They set a “hold” rating and a $83.00 price objective on the stock. Barclays set a $74.00 target price on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.18.

Alliant Energy Stock Performance

The firm has a market capitalization of $19.55 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 3.12 and a beta of 0.55. The company’s fifty day moving average price is $73.56 and its two-hundred day moving average price is $70.86. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 return on equity of 11.37% and a net margin of 18.58%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a $0.535 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.8%. Alliant Energy’s dividend payout ratio (DPR) is presently 67.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC acquired a new stake in Alliant Energy in the 2nd quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Alliant Energy in the 3rd quarter valued at $27,000. MRP Capital Investments LLC purchased a new position in Alliant Energy in the 3rd quarter worth about $35,000. Western Wealth Management LLC acquired a new stake in Alliant Energy during the 1st quarter worth about $41,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after buying an additional 445 shares during the period. 79.90% of the stock is currently owned by institutional investors.

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.