Alliant Energy Corporation (NASDAQ:LNT) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Alliant Energy Corporation (NASDAQ:LNT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $77.00.

LNT has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $80.00 price target on shares of Alliant Energy in a research note on Thursday. BMO Capital Markets lowered their target price on shares of Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a research report on Monday, August 3rd. Mizuho reduced their price target on shares of Alliant Energy from $76.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. TD Cowen initiated coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a "hold" rating and a $83.00 price target on the stock. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th.

Alliant Energy Stock Performance

Shares of LNT stock opened at $68.21 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41. The stock has a 50 day simple moving average of $72.96 and a 200-day simple moving average of $72.23. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.56 and a beta of 0.55. Alliant Energy has a 12-month low of $63.28 and a 12-month high of $78.81.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities analysts forecast that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy's dividend payout ratio is presently 67.72%.

Hedge Funds Weigh In On Alliant Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Delta Global Management LP acquired a new stake in Alliant Energy during the 1st quarter valued at $2,512,000. Vanguard Group Inc. lifted its position in shares of Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company's stock valued at $2,196,382,000 after acquiring an additional 383,612 shares in the last quarter. Nicholas Company Inc. acquired a new stake in shares of Alliant Energy during the fourth quarter valued at $5,736,000. The Manufacturers Life Insurance Company purchased a new stake in Alliant Energy during the 2nd quarter worth about $47,562,000. Finally, Reaves W H & Co. Inc. raised its stake in Alliant Energy by 71.8% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company's stock valued at $198,752,000 after purchasing an additional 1,278,166 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

About Alliant Energy

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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