Alliant Energy Corporation (NASDAQ:LNT) Receives $65.50 Average Target Price from Analysts

Shares of Alliant Energy Corporation (NASDAQ:LNT) have received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $65.50.

Several brokerages have recently weighed in on LNT. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Bank of America upped their price objective on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. UBS Group reiterated a “neutral” rating and set a $67.00 target price (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a “buy” rating in a research note on Tuesday, May 20th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $68.00 target price (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th.

Institutional Trading of Alliant Energy

Several institutional investors and hedge funds have recently made changes to their positions in LNT. T. Rowe Price Investment Management Inc. grew its holdings in Alliant Energy by 9,113.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company’s stock worth $247,640,000 after acquiring an additional 4,141,895 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Alliant Energy in the second quarter worth approximately $82,265,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Alliant Energy during the first quarter worth $82,496,000. GAMMA Investing LLC boosted its position in Alliant Energy by 6,869.6% during the 1st quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company’s stock valued at $71,688,000 after acquiring an additional 1,098,043 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after purchasing an additional 538,603 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.5%

Shares of LNT opened at $66.33 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average of $63.16 and a 200 day moving average of $62.23. The company has a market cap of $17.04 billion, a PE ratio of 20.47, a P/E/G ratio of 3.12 and a beta of 0.53. Alliant Energy has a 52-week low of $56.08 and a 52-week high of $67.02.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. During the same quarter last year, the business earned $0.57 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, sell-side analysts expect that Alliant Energy will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.5075 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 annualized dividend and a yield of 3.1%. Alliant Energy’s dividend payout ratio is 62.65%.

Alliant Energy Company Profile

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.