Alliant Energy Corporation (NASDAQ:LNT) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Alliant Energy Corporation (NASDAQ:LNT) has received a consensus rating of "Hold" from ten analysts, with ratings comprising one sell, four hold, and five buy recommendations.
• The company reported $0.68 earnings per share for the last quarter, surpassing the expected $0.62, with revenue growth of 7.5% year-over-year.
• Alliant Energy has declared a quarterly dividend of $0.5075, resulting in a dividend yield of 3.0% and a payout ratio of 62.65%.

Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) has earned a consensus recommendation of "Hold" from the ten analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $66.00.

A number of brokerages recently issued reports on LNT. Weiss Ratings reissued a "buy (b-)" rating on shares of Alliant Energy in a report on Saturday, September 27th. Wolfe Research upgraded shares of 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. Bank of America increased their price target on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Finally, UBS Group reiterated a "neutral" rating and issued a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th.

Institutional Trading of Alliant Energy

A number of hedge funds and other institutional investors have recently modified their holdings of LNT. Hughes Financial Services LLC purchased a new stake in Alliant Energy in the 1st quarter valued at about $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Alliant Energy during the first quarter valued at about $29,000. Rossby Financial LCC acquired a new stake in shares of Alliant Energy during the second quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Alliant Energy in the 2nd quarter valued at approximately $30,000. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company's stock worth $30,000 after acquiring an additional 222 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Trading Up 2.0%

Shares of Alliant Energy stock opened at $68.12 on Tuesday. The stock has a market cap of $17.50 billion, a P/E ratio of 21.02, a P/E/G ratio of 3.14 and a beta of 0.54. The stock's 50 day simple moving average is $65.32 and its 200-day simple moving average is $62.93. Alliant Energy has a 1-year low of $56.08 and a 1-year high of $68.19. 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 (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The company had revenue of $961.00 million during the quarter, compared to analysts' expectations of $977.15 million. During the same period in the prior year, the business 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. Analysts predict that Alliant Energy will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

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

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.