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

Key Points

• Wall Street Zen downgraded Alliant Energy to “sell” from “hold,” although the broader analyst consensus remains “Moderate Buy,” with nine Buy ratings, five Holds, and an average price target of $76.82.
• Alliant Energy shares opened at $69.37, below their 50-day moving average of $73.81, while the stock’s 12-month range is $63.28 to $78.81.
• The company exceeded quarterly expectations, reporting adjusted earnings of $0.65 per share versus a $0.58 consensus and revenue of $971 million versus $896.94 million; institutional investors own approximately 79.9% of its shares.

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

Several other research analysts have also recently issued reports on the stock. Scotiabank reissued a "sector perform" rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Weiss Ratings downgraded Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Barclays set a $74.00 target price on Alliant Energy and gave the company an "equal weight" rating in a research note on Wednesday, April 15th. TD Cowen started coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a "hold" rating and a $83.00 target price on the stock. Finally, BMO Capital Markets reduced their price target on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a research note on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $76.82.

Alliant Energy Stock Down 0.2%

LNT stock opened at $69.37 on Friday. The company has a fifty day moving average price of $73.81 and a 200 day moving average price of $71.95. Alliant Energy has a 12 month low of $63.28 and a 12 month high of $78.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.53. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.57 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts expect that Alliant Energy will post 3.43 earnings per share for the current year.

Hedge Funds Weigh In On Alliant Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oxbow Advisors LLC purchased a new position in shares of Alliant Energy in the second quarter valued at $244,000. Wealthfront Advisers LLC bought a new position in Alliant Energy during the 2nd quarter worth $10,352,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at approximately $77,000. Energy Income Partners LLC bought a new stake in shares of Alliant Energy during the second quarter valued at about $63,073,000. Finally, Meeder Advisory Services Inc. bought a new stake in shares of Alliant Energy during the 2nd quarter worth about $1,215,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

About Alliant Energy

Alliant Energy Corporation NASDAQ: LNT is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy's core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.

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