Argus Reaffirms “Hold” Rating for Alliant Energy (NASDAQ:LNT)

Alliant Energy (NASDAQ:LNT)‘s stock had its “hold” rating restated by equities research analysts at Argus in a report released on Friday, Marketbeat.com reports.

Several other equities research analysts have also recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a $78.00 target price 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 report on Saturday, November 8th. Barclays set a $65.00 price objective on Alliant Energy and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. UBS Group set a $75.00 target price on shares of Alliant Energy and gave the company a “buy” rating in a research report on Wednesday, December 17th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $76.00 target price on shares of Alliant Energy in a research note on Monday, December 1st. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $70.86.

Alliant Energy Trading Down 0.8%

LNT opened at $65.02 on Friday. Alliant Energy has a 1-year low of $56.30 and a 1-year high of $69.75. The stock has a market capitalization of $16.71 billion, a PE ratio of 20.45, a PEG ratio of 2.64 and a beta of 0.67. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The firm has a 50-day moving average price of $66.34 and a two-hundred day moving average price of $65.57.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy in the third quarter valued at approximately $27,000. Rossby Financial LCC acquired a new position in shares of Alliant Energy in the 2nd quarter valued at $29,000. Global Trust Asset Management LLC bought a new stake in shares of Alliant Energy in the 2nd quarter valued at $30,000. Bartlett & CO. Wealth Management LLC increased its position in shares of Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock valued at $30,000 after buying an additional 222 shares in the last quarter. Finally, Country Trust Bank acquired a new stake in Alliant Energy during the 2nd quarter worth $30,000. 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.