Alliant Energy (NASDAQ:LNT) Downgraded by Wall Street Zen to "Sell"

Key Points

• Alliant Energy has been downgraded from a "hold" to a "sell" rating by investment analysts at Wall Street Zen.
• While Wall Street Zen issued a sell rating, other analysts have provided mixed ratings, including upgrades by Wolfe Research and Bank of America, indicating a wide range of opinions on the stock's performance.
• Alliant Energy's recent quarterly earnings exceeded analysts' expectations despite lower revenue than anticipated, showing a net margin of 20.07% and setting FY 2025 EPS guidance at 3.150-3.25.

Alliant Energy (NASDAQ:LNT - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Several other equities analysts have also commented on the company. Bank of America upped their target price on 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 reissued 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. UBS Group reissued a "neutral" rating and set a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Finally, Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target for the company in a research report on Monday, July 7th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Alliant Energy has an average rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Price Performance

Shares of NASDAQ LNT traded up $0.14 during trading on Friday, reaching $64.36. The company had a trading volume of 67,922 shares, compared to its average volume of 1,947,591. Alliant Energy has a twelve month low of $56.08 and a twelve month high of $67.11. The stock has a market capitalization of $16.54 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The stock has a 50-day moving average price of $64.86 and a two-hundred day moving average price of $62.70. 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 (NASDAQ:LNT - Get Free Report) last released its 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. The firm had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, sell-side analysts predict that Alliant Energy will post 3.23 earnings per share for the current year.

Institutional Trading of Alliant Energy

Several institutional investors and hedge funds have recently bought and sold shares of LNT. Hughes Financial Services LLC acquired a new stake in Alliant Energy during the first quarter valued at approximately $27,000. Alpine Bank Wealth Management acquired a new stake in Alliant Energy during the first quarter valued at approximately $29,000. Rossby Financial LCC acquired a new stake in Alliant Energy during the second quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Alliant Energy during the second quarter valued at approximately $30,000. Finally, Bartlett & CO. Wealth Management LLC raised its stake in Alliant Energy by 81.6% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company's stock valued at $30,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

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.