Alliant Energy Corporation (NASDAQ:LNT) Given Average Recommendation of "Hold" by Analysts

Key Points

• Alliant Energy Corporation (NASDAQ:LNT) has received a consensus rating of "Hold" from analysts, with one sell rating, five hold ratings, and four buy ratings.
• The average target price set by brokers for Alliant Energy is $65.50, with recent analyst reports indicating price targets ranging from $67 to $71.
• Alliant Energy reported a quarterly EPS of $0.68, exceeding estimates, while also announcing a dividend of $0.5075 per share, reflecting an annual yield of 3.1%.

Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) has been given a consensus rating of "Hold" by the ten ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $65.50.

LNT has been the topic of several recent analyst reports. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a report on Monday, July 7th. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. UBS Group restated a "neutral" rating and set a $67.00 price target (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Finally, Bank of America boosted their price objective on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, August 14th.

Alliant Energy Stock Performance

Shares of LNT opened at $64.66 on Friday. The company has a 50-day moving average of $64.56 and a two-hundred day moving average of $62.70. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. Alliant Energy has a one year low of $56.08 and a one year high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The firm's quarterly 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, equities research analysts expect that Alliant Energy will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued 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 Thursday, July 31st. Alliant Energy's payout ratio is currently 62.65%.

Institutional Trading of Alliant Energy

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. increased its position in Alliant Energy by 22.8% in the 2nd quarter. Osaic Holdings Inc. now owns 114,428 shares of the company's stock worth $6,923,000 after purchasing an additional 21,274 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of Alliant Energy by 9.7% in the 2nd quarter. Centaurus Financial Inc. now owns 1,896 shares of the company's stock valued at $115,000 after buying an additional 167 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in Alliant Energy by 12.3% in the second quarter. Orion Porfolio Solutions LLC now owns 82,219 shares of the company's stock worth $4,972,000 after buying an additional 8,994 shares during the last quarter. Hudson Bay Capital Management LP increased its holdings in Alliant Energy by 35.8% in the second quarter. Hudson Bay Capital Management LP now owns 406,285 shares of the company's stock worth $24,568,000 after buying an additional 107,072 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Alliant Energy by 17.4% during the second quarter. Geneos Wealth Management Inc. now owns 1,475 shares of the company's stock valued at $89,000 after acquiring an additional 219 shares in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.