Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $67.11 and last traded at $66.91, with a volume of 272560 shares traded. The stock had previously closed at $66.78.
Wall Street Analyst Weigh In
Several brokerages have issued reports on LNT. UBS Group reaffirmed a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. BMO Capital Markets restated a "market perform" rating and issued a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. 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 raised their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a report on Sunday. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Alliant Energy presently has an average rating of "Hold" and a consensus target price of $65.50.
Check Out Our Latest Stock Analysis on Alliant Energy
Alliant Energy Stock Performance
The business's fifty day moving average is $65.10 and its two-hundred day moving average is $62.80. 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 company has a market capitalization of $17.28 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 3.11 and a beta of 0.54.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same quarter last year, the firm posted $0.57 EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Equities research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current 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 dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, July 31st. Alliant Energy's dividend payout ratio (DPR) is currently 62.65%.
Institutional Trading of Alliant Energy
Institutional investors and hedge funds have recently modified their holdings of the company. Hughes Financial Services LLC bought a new stake in shares of Alliant Energy during the 1st quarter valued at $27,000. Alpine Bank Wealth Management bought a new stake in shares of Alliant Energy during the 1st quarter valued at $29,000. Rossby Financial LCC bought a new stake in shares of Alliant Energy during the 2nd quarter valued at $29,000. Global Trust Asset Management LLC bought a new stake in Alliant Energy in the 2nd quarter valued at $30,000. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company's stock valued at $30,000 after acquiring an additional 222 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.
Alliant Energy Company Profile
(
Get Free Report)
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.
Further Reading
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