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

Key Points

• Wall Street Zen downgraded its view on Alliant Energy from “strong sell” to “sell,” even as the broader analyst picture remains more positive with a consensus rating of Moderate Buy.
• Recent analyst actions were mixed: Scotiabank, HSBC, Barclays, and RBC maintained or raised ratings/targets, with the average price target at $76.60 versus the stock’s recent price around $71.76.
• The company reported Q1 earnings of $0.82 per share, matching estimates, while revenue of $1.18 billion beat forecasts and rose 5% year over year.

Alliant Energy (NASDAQ:LNT - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "sell" rating in a report released on Saturday.

Several other analysts also recently commented on the company. Scotiabank reiterated a "sector perform" rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday. Argus reiterated a "hold" rating on shares of Alliant Energy in a research note on Friday, January 9th. HSBC upgraded Alliant Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, January 21st. 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. Finally, Royal Bank Of Canada started coverage on Alliant Energy in a research note on Wednesday, March 11th. They set an "outperform" rating and a $82.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $76.60.

Alliant Energy Stock Up 0.1%

LNT stock opened at $71.76 on Friday. Alliant Energy has a twelve month low of $58.97 and a twelve month high of $75.76. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The firm has a market cap of $18.53 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.93 and a beta of 0.58. The business has a 50 day moving average of $71.89 and a 200 day moving average of $68.79.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting analysts' consensus estimates of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $0.83 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts forecast that Alliant Energy will post 3.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Alliant Energy

A number of institutional investors and hedge funds have recently modified their holdings of LNT. Measured Wealth Private Client Group LLC purchased a new position in Alliant Energy during the third quarter valued at $27,000. MRP Capital Investments LLC bought a new position in shares of Alliant Energy in the third quarter worth about $35,000. Hantz Financial Services Inc. raised its stake in shares of Alliant Energy by 256.7% in the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company's stock worth $38,000 after buying an additional 403 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company's stock worth $41,000 after buying an additional 445 shares during the period. Finally, Sentry Investment Management LLC bought a new position in shares of Alliant Energy in the third quarter worth about $44,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Company Profile

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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