Alliant Energy (NASDAQ:LNT) Price Target Cut to $80.00 by Analysts at BMO Capital Markets

Alliant Energy (NASDAQ:LNT) had its target price cut by BMO Capital Markets from $83.00 to $80.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

LNT has been the topic of a number of other reports. TD Cowen started coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price on the stock. Mizuho set a $76.00 price target on shares of Alliant Energy in a report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a research report on Tuesday, April 21st. Weiss Ratings upgraded Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen cut Alliant Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus target price of $77.09.

Alliant Energy Trading Up 1.2%

Shares of LNT stock opened at $74.02 on Wednesday. Alliant Energy has a 12 month low of $63.28 and a 12 month high of $78.81. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average is $74.04 and its two-hundred day moving average is $71.48. The company has a market cap of $19.12 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.84 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts predict that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a $0.535 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 2.9%. Alliant Energy’s dividend payout ratio is 67.08%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LNT. Cedar Mountain Advisors LLC acquired a new stake in Alliant Energy during the second quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy in the 3rd quarter valued at approximately $27,000. Western Wealth Management LLC acquired a new position in Alliant Energy in the 1st quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Alliant Energy by 235.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after acquiring an additional 445 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in shares of Alliant Energy in the 2nd quarter worth approximately $46,000. 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.