Alliant Energy (NASDAQ:LNT) Rating Increased to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded Alliant Energy from “strong sell” to “sell,” while broader analyst sentiment remains a “Moderate Buy” with a consensus price target of $77.
• Alliant Energy shares opened at $65.61, down 1.5%, and are trading near the lower end of their 52-week range of $63.50 to $78.81.
• The company exceeded quarterly expectations, reporting adjusted earnings of $0.65 per share versus the $0.58 consensus and revenue of $971 million, up 1% year over year.

Alliant Energy (NASDAQ:LNT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "sell" rating in a note issued to investors on Sunday, Wall Street Zen reports.

A number of other analysts have also recently weighed in on LNT. Weiss Ratings cut Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. TD Cowen began coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a "hold" rating and a $83.00 price objective for the company. BMO Capital Markets dropped their price objective on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group reiterated a "buy" rating and issued a $80.00 price objective on shares of Alliant Energy in a report on Thursday, August 27th. Finally, Mizuho cut their target price on Alliant Energy from $76.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

Alliant Energy Trading Down 1.5%

NASDAQ LNT opened at $65.61 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. Alliant Energy has a 52 week low of $63.50 and a 52 week high of $78.81. The stock has a market capitalization of $17.01 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.76 and a beta of 0.54. The firm has a 50 day moving average of $70.17 and a two-hundred day moving average of $71.89.

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

Hedge Funds Weigh In On Alliant Energy

Several hedge funds have recently made changes to their positions in LNT. Cedar Mountain Advisors LLC purchased a new stake in shares of Alliant Energy in the 2nd quarter valued at about $26,000. Clearstead Trust LLC purchased a new stake in Alliant Energy in the second quarter valued at approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Alliant Energy in the second quarter valued at approximately $32,000. Continuum Advisory LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at approximately $40,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Alliant Energy in the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

About Alliant Energy

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.

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