Brokerages Set Alliant Energy Corporation (NASDAQ:LNT) Target Price at $65.50

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%.

Shares of Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) have received a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One equities 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 12-month price objective among analysts that have issued a report on the stock in the last year is $65.50.

LNT has been the subject of several recent research reports. Bank of America lifted their price target on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective for the company in a research note on Monday, July 7th. UBS Group reissued a "neutral" rating and set a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. BMO Capital Markets reissued a "market perform" rating and set a $68.00 price objective (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Finally, Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th.

Institutional Investors Weigh In On Alliant Energy

Several large investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. boosted its stake in Alliant Energy by 9.7% during the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company's stock valued at $115,000 after buying an additional 167 shares during the period. Horizon Investments LLC lifted its stake in Alliant Energy by 4.9% during the first quarter. Horizon Investments LLC now owns 3,682 shares of the company's stock worth $235,000 after purchasing an additional 172 shares during the last quarter. Integrity Alliance LLC. lifted its stake in Alliant Energy by 3.0% during the second quarter. Integrity Alliance LLC. now owns 6,006 shares of the company's stock worth $363,000 after purchasing an additional 173 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in Alliant Energy by 4.8% during the second quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company's stock worth $230,000 after purchasing an additional 176 shares during the last quarter. Finally, Financial Advisors Network Inc. lifted its stake in Alliant Energy by 4.1% during the first quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company's stock worth $305,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded up $0.24 during mid-day trading on Friday, hitting $63.86. The company had a trading volume of 1,944,705 shares, compared to its average volume of 1,605,416. The company has a market capitalization of $16.41 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 2.99 and a beta of 0.54. Alliant Energy has a 1 year low of $56.08 and a 1 year high of $67.11. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The stock's 50-day moving average price is $64.76 and its 200-day moving average price is $62.70.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $961.00 million during the quarter, compared to analysts' expectations of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, sell-side analysts forecast that Alliant Energy will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.5075 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 annualized dividend and a yield of 3.2%. Alliant Energy's dividend payout ratio (DPR) is currently 62.65%.

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.