Alliant Energy (NASDAQ:LNT) Sets New 12-Month High - What's Next?

Key Points

• Alliant Energy's stock reached a new 52-week high of $68.61, demonstrating significant investor interest with 644,000 shares traded recently.
• Analysts have mixed ratings on the stock, with five giving it a Buy and one a Sell, while the average price target sits at $67.22.
• The company has declared a quarterly dividend of $0.5075 per share, representing an annual yield of 3.0% and a payout ratio of 62.65%.

Shares of Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $68.61 and last traded at $68.41, with a volume of 644000 shares traded. The stock had previously closed at $67.66.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LNT. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Alliant Energy in a research report on Wednesday, October 8th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Sunday, September 28th. Barclays set a $65.00 price target on Alliant Energy and gave the company an "underweight" rating in a research report on Tuesday. Bank of America boosted their price objective on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, UBS Group set a $74.00 price objective on Alliant Energy and gave the company a "neutral" rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $67.22.

Alliant Energy Price Performance

The business has a fifty day moving average price of $65.57 and a 200-day moving average price of $63.10. 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 stock has a market capitalization of $17.56 billion, a PE ratio of 21.09, a PEG ratio of 3.19 and a beta of 0.54.

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

Alliant Energy Dividend Announcement

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

Institutional Investors Weigh In On Alliant Energy

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Alliant Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company's stock worth $2,013,875,000 after buying an additional 481,487 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Alliant Energy by 5.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,082,060 shares of the company's stock worth $428,252,000 after buying an additional 384,204 shares during the period. Northern Trust Corp lifted its holdings in Alliant Energy by 1.3% in the 1st quarter. Northern Trust Corp now owns 2,443,014 shares of the company's stock worth $157,208,000 after buying an additional 30,608 shares during the period. Legal & General Group Plc lifted its holdings in Alliant Energy by 6.7% in the 2nd quarter. Legal & General Group Plc now owns 2,368,752 shares of the company's stock worth $143,238,000 after buying an additional 149,679 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Alliant Energy by 0.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,291,630 shares of the company's stock worth $138,575,000 after buying an additional 21,036 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

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