BMO Capital Markets Issues Positive Forecast for Alliant Energy (NASDAQ:LNT) Stock Price

Key Points

• BMO Capital Markets has increased its price target for Alliant Energy (NASDAQ:LNT) from $68.00 to $71.00, suggesting a potential upside of 5.03% from the current price.
• The stock has received various ratings from analysts, with five analysts giving it a Buy rating, four a Hold rating, and one a Sell rating, resulting in an average target price of $68.00.
• Alliant Energy reported a quarterly earnings per share of $0.68, exceeding estimates, with revenues of $961 million, despite being slightly below analysts’ expectations.

Alliant Energy (NASDAQ:LNT - Get Free Report) had its price objective hoisted by BMO Capital Markets from $68.00 to $71.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. BMO Capital Markets' price target suggests a potential upside of 5.03% from the company's current price.

A number of other research analysts have also recently commented on LNT. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target on the stock in a report on Monday, July 7th. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Sunday, September 28th. Bank of America lifted their target price on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Barclays set a $65.00 price target on shares of Alliant Energy and gave the company an "underweight" rating in a report on Tuesday. Finally, UBS Group set a $74.00 target price on shares of Alliant Energy and gave the company a "neutral" rating in a research report on Friday, October 10th. Five investment 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 MarketBeat, Alliant Energy has an average rating of "Hold" and an average target price of $68.00.

Alliant Energy Trading Down 1.5%

LNT stock opened at $67.60 on Friday. Alliant Energy has a twelve month low of $56.08 and a twelve month high of $69.16. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The firm's fifty day simple moving average is $65.70 and its two-hundred day simple moving average is $63.20. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 3.44 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 for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, analysts anticipate that Alliant Energy will post 3.23 earnings per share for the current year.

Institutional Trading of Alliant Energy

Large investors have recently made changes to their positions in the business. Hughes Financial Services LLC acquired a new stake in Alliant Energy during the 1st quarter worth about $27,000. Alpine Bank Wealth Management acquired a new stake in Alliant Energy in the 1st quarter valued at $29,000. Rossby Financial LCC purchased a new stake in Alliant Energy in the 2nd quarter worth $29,000. 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 worth $30,000 after acquiring an additional 222 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in Alliant Energy during the second quarter worth $30,000. 79.90% of the stock is 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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