Brokerages Set Alliant Energy Corporation (NASDAQ:LNT) PT at $68.56

Alliant Energy Corporation (NASDAQ:LNT) has been given an average rating of “Hold” by the nine ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $69.00.

LNT has been the topic of a number of research reports. Wolfe Research upgraded Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective on the stock in a report on Monday, July 7th. Bank of America increased their price target on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. UBS Group upgraded Alliant Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $74.00 to $79.00 in a report on Friday, October 24th. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Barclays set a $65.00 price target on Alliant Energy and gave the company an “underweight” rating in a report on Tuesday, October 14th.

Alliant Energy Trading Down 0.5%

NASDAQ:LNT opened at $66.47 on Friday. The stock’s 50 day moving average price is $66.31 and its 200 day moving average price is $63.82. Alliant Energy has a 52 week low of $56.08 and a 52 week high of $69.75. The company has a market capitalization of $17.08 billion, a P/E ratio of 20.52, a P/E/G ratio of 3.20 and a beta of 0.54. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The firm’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, research analysts forecast that Alliant Energy will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is 62.65%.

Institutional Investors Weigh In On Alliant Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Centaurus Financial Inc. grew its stake in shares of Alliant Energy by 9.7% in the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock worth $115,000 after acquiring an additional 167 shares during the last quarter. Horizon Investments LLC grew its stake in shares of Alliant Energy by 4.9% in the first quarter. Horizon Investments LLC now owns 3,682 shares of the company’s stock worth $235,000 after acquiring an additional 172 shares during the last quarter. Integrity Alliance LLC. grew its stake in shares of Alliant Energy by 3.0% in the second quarter. Integrity Alliance LLC. now owns 6,006 shares of the company’s stock worth $363,000 after acquiring an additional 173 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its stake in shares of Alliant Energy by 4.8% in the second quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company’s stock worth $230,000 after acquiring an additional 176 shares during the last quarter. Finally, Financial Advisors Network Inc. grew its stake in shares of Alliant Energy by 4.1% in the first quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company’s stock worth $305,000 after acquiring an additional 188 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

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.