Alliant Energy Corporation (NASDAQ:LNT) Given Average Rating of “Moderate Buy” by Brokerages

Alliant Energy Corporation (NASDAQ:LNT) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $70.8571.

A number of brokerages recently commented on LNT. UBS Group set a $75.00 target price on Alliant Energy and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Alliant Energy in a research note on Monday, November 24th. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Barclays set a $65.00 price objective on Alliant Energy and gave the company an “underweight” rating in a research note on Tuesday, October 14th. Finally, BMO Capital Markets raised their target price on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LNT. Hudson Bay Capital Management LP raised its holdings in Alliant Energy by 29.5% during the third quarter. Hudson Bay Capital Management LP now owns 526,054 shares of the company’s stock valued at $35,461,000 after acquiring an additional 119,769 shares during the period. MRP Capital Investments LLC purchased a new stake in shares of Alliant Energy during the third quarter worth about $35,000. Allworth Financial LP raised its stake in Alliant Energy by 18.5% during the 3rd quarter. Allworth Financial LP now owns 3,222 shares of the company’s stock valued at $217,000 after purchasing an additional 504 shares during the period. Fulcrum Asset Management LLP raised its stake in Alliant Energy by 104.2% during the 3rd quarter. Fulcrum Asset Management LLP now owns 25,525 shares of the company’s stock valued at $1,721,000 after purchasing an additional 13,025 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in Alliant Energy in the 3rd quarter worth approximately $2,390,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $64.63 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.83 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $16.61 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66. The firm’s 50 day moving average price is $67.23 and its 200-day moving average price is $65.10. Alliant Energy has a twelve month low of $56.30 and a twelve month high of $69.75.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $1.15 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Equities research analysts expect that Alliant Energy will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were given a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 63.84%.

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.