Alliant Energy (NASDAQ:LNT) Stock Rating Upgraded by Wall Street Zen

Key Points

• Alliant Energy has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting improved analyst sentiment toward the stock.
• The stock has a current average price target of $65.50, with various brokerages issuing both "buy" and "hold" ratings recently, indicating mixed perspectives among analysts.
• Alliant Energy reported a quarterly EPS of $0.68, exceeding estimates, and projects earnings of 3.150-3.25 EPS for fiscal year 2025, suggesting positive growth momentum.

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

Several other brokerages have also commented on LNT. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research report on Monday, July 7th. UBS Group reiterated a "neutral" rating and set a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Bank of America raised their price target on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, BMO Capital Markets restated a "market perform" rating and set a $68.00 price target (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and a consensus price target of $65.50.

Alliant Energy Stock Up 1.3%

Shares of NASDAQ:LNT opened at $66.07 on Friday. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 3.11 and a beta of 0.54. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. Alliant Energy has a 12-month low of $56.08 and a 12-month high of $67.11. The business's 50 day moving average is $65.05 and its 200 day moving average is $62.77.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $961.00 million for 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 business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, sell-side analysts forecast that Alliant Energy will post 3.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alliant Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hughes Financial Services LLC purchased a new stake in shares of Alliant Energy in the first quarter worth about $27,000. Alpine Bank Wealth Management bought a new position in shares of Alliant Energy during the first quarter valued at approximately $29,000. Rossby Financial LCC bought a new position in shares of Alliant Energy during the second quarter valued at approximately $29,000. Bartlett & CO. Wealth Management LLC grew its stake in shares of 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 during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of Alliant Energy during the second quarter valued at approximately $30,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

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