Wall Street Zen Upgrades Alliant Energy (NASDAQ:LNT) to Sell

Alliant Energy (NASDAQ:LNT) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Sunday, Wall Street Zen reports.

Several other equities analysts have also recently commented on the stock. Mizuho lowered their price target on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. BMO Capital Markets reduced their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Alliant Energy in a research report on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Alliant Energy Price Performance

NASDAQ LNT opened at $64.97 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.76 and a beta of 0.54. The company has a 50 day simple moving average of $69.93 and a 200-day simple moving average of $71.83. Alliant Energy has a 52-week low of $63.70 and a 52-week high of $78.81.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at about $26,000. Clearstead Trust LLC bought a new stake in Alliant Energy during the 2nd quarter valued at approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Alliant Energy during the 2nd quarter valued at approximately $32,000. Continuum Advisory LLC acquired a new stake in Alliant Energy in the 2nd quarter valued at approximately $40,000. Finally, Western Wealth Management LLC acquired a new stake in Alliant Energy in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

About Alliant Energy

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.