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

Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) has earned an average rating of "Hold" from the ten brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $65.50.

LNT has been the subject of a number of recent research reports. Bank of America boosted their price objective on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. UBS Group reissued a "neutral" rating and set a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Finally, Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

Institutional Trading of Alliant Energy

Several hedge funds and other institutional investors have recently modified their holdings of LNT. T. Rowe Price Investment Management Inc. lifted its position in shares of Alliant Energy by 9,113.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock worth $247,640,000 after acquiring an additional 4,141,895 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Alliant Energy during the 2nd quarter worth about $82,265,000. Vaughan Nelson Investment Management L.P. bought a new position in Alliant Energy in the 1st quarter worth about $82,496,000. GAMMA Investing LLC boosted its stake in Alliant Energy by 6,869.6% in the 1st quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock worth $71,688,000 after purchasing an additional 1,098,043 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Alliant Energy by 98.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company's stock valued at $69,792,000 after buying an additional 538,603 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Up 0.8%

NASDAQ LNT traded up $0.53 during mid-day trading on Monday, hitting $66.64. The company's stock had a trading volume of 260,525 shares, compared to its average volume of 1,986,349. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 3.13 and a beta of 0.53. The company's 50 day simple moving average is $63.25 and its 200 day simple moving average is $62.28. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. Alliant Energy has a twelve month low of $56.08 and a twelve month high of $67.02.

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

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. The ex-dividend date was Thursday, July 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. Alliant Energy's dividend payout ratio (DPR) is presently 62.65%.

About Alliant Energy

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.