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

Alliant Energy (NASDAQ:LNT) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

A number of other brokerages have also weighed in on LNT. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $75.00 target price on shares of Alliant Energy in a research note on Sunday, February 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, December 29th. Wolfe Research reissued an “outperform” rating and issued a $76.00 target price on shares of Alliant Energy in a report on Monday, December 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $78.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Alliant Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

Alliant Energy Trading Up 1.2%

Shares of NASDAQ LNT opened at $72.34 on Friday. The firm’s 50 day moving average price is $67.33 and its 200-day moving average price is $66.75. Alliant Energy has a 52-week low of $57.09 and a 52-week high of $72.40. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.70 and a current ratio of 0.80. The company has a market cap of $18.60 billion, a PE ratio of 22.97, a P/E/G ratio of 2.96 and a beta of 0.67.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $673.11 million. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities research analysts expect that Alliant Energy will post 3.23 EPS for the current fiscal year.

Institutional Trading of Alliant Energy

A number of hedge funds and other institutional investors have recently modified their holdings of LNT. Glenmede Investment Management LP boosted its holdings in Alliant Energy by 0.7% in the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Alliant Energy by 1.8% in the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after acquiring an additional 158 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Alliant Energy by 4.8% in the fourth quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after acquiring an additional 161 shares during the period. Centaurus Financial Inc. grew its position in shares of Alliant Energy by 9.7% during the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock worth $115,000 after purchasing an additional 167 shares in the last quarter. Finally, Simplicity Wealth LLC raised its stake in Alliant Energy by 5.5% during the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock valued at $209,000 after purchasing an additional 167 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

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.