Mizuho Cuts Alliant Energy (NASDAQ:LNT) Price Target to $75.00

Alliant Energy (NASDAQ:LNT) had its target price decreased by Mizuho from $76.00 to $75.00 in a research report sent to investors on Monday morning, Marketbeat reports. Mizuho currently has a neutral rating on the stock.

A number of other equities analysts have also commented on LNT. Weiss Ratings lowered shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a research report on Tuesday, April 21st. TD Cowen assumed coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. 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, Scotiabank reissued a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.82.

Alliant Energy Stock Down 0.7%

Shares of NASDAQ:LNT opened at $70.20 on Monday. Alliant Energy has a 52-week low of $63.28 and a 52-week high of $78.81. The company has a market capitalization of $18.20 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.47. The company has a fifty day moving average of $73.90 and a 200-day moving average of $71.95.

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

Alliant Energy Announces Dividend

The company also recently disclosed 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. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, July 31st. Alliant Energy’s payout ratio is currently 67.72%.

Hedge Funds Weigh In On Alliant Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LNT. Everett Harris & Co. CA bought a new stake in shares of Alliant Energy in the second quarter valued at approximately $1,241,000. Dockside LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at approximately $3,502,000. Annex Advisory Services LLC boosted its holdings in Alliant Energy by 2.2% in the 2nd quarter. Annex Advisory Services LLC now owns 10,112 shares of the company’s stock worth $771,000 after buying an additional 215 shares during the period. Accel Wealth Management boosted its holdings in Alliant Energy by 17.4% in the 2nd quarter. Accel Wealth Management now owns 8,972 shares of the company’s stock worth $684,000 after buying an additional 1,331 shares during the period. Finally, Tema ETFs LLC grew its stake in Alliant Energy by 6.6% in the 2nd quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock valued at $178,000 after buying an additional 145 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

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.