Weiss Ratings Reiterates "Buy (B-)" Rating for Alliant Energy (NASDAQ:LNT)

Key Points

• Weiss Ratings has reiterated a "Buy (B-)" rating for Alliant Energy (NASDAQ:LNT) as part of a recent report.
• Recent analyst upgrades include Wolfe Research raising its rating to "outperform" with a target price of $68, while UBS lifted its target from $74 to $79, contributing to a consensus rating of "Moderate Buy".
• Alliant Energy reported $0.68 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, and has projected FY 2025 EPS guidance of 3.150-3.25.

Alliant Energy (NASDAQ:LNT - Get Free Report)'s stock had its "buy (b-)" rating restated by stock analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the stock. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a report on Monday, July 7th. Barclays set a $65.00 target price on shares of Alliant Energy and gave the stock an "underweight" rating in a report on Tuesday, October 14th. Bank of America upped their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, October 17th. UBS Group raised shares of Alliant Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $74.00 to $79.00 in a report on Friday. Finally, BMO Capital Markets upped their price objective on shares of Alliant Energy from $68.00 to $71.00 and gave the company a "market perform" rating in a report on Friday, October 17th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $68.56.

Alliant Energy Price Performance

NASDAQ LNT traded up $0.46 on Friday, hitting $69.06. The company had a trading volume of 2,012,456 shares, compared to its average volume of 1,953,022. The company has a market capitalization of $17.75 billion, a PE ratio of 21.32, a PEG ratio of 3.24 and a beta of 0.54. The company's fifty day moving average price is $66.02 and its 200-day moving average price is $63.39. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. Alliant Energy has a 12-month low of $56.08 and a 12-month high of $69.75.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, analysts predict that Alliant Energy will post 3.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. boosted its stake in Alliant Energy by 9.7% during the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company's stock worth $115,000 after buying an additional 167 shares during the period. Horizon Investments LLC boosted its stake in Alliant Energy by 4.9% during the first quarter. Horizon Investments LLC now owns 3,682 shares of the company's stock worth $235,000 after buying an additional 172 shares during the period. Integrity Alliance LLC. boosted its stake in Alliant Energy by 3.0% during the second quarter. Integrity Alliance LLC. now owns 6,006 shares of the company's stock worth $363,000 after buying an additional 173 shares during the period. Moss Adams Wealth Advisors LLC boosted its stake in Alliant Energy by 4.8% during the second quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company's stock worth $230,000 after buying an additional 176 shares during the period. Finally, Financial Advisors Network Inc. boosted its stake in Alliant Energy by 4.1% during the first quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company's stock worth $305,000 after buying an additional 188 shares during the period. Hedge funds and other institutional investors own 79.90% of the company's stock.

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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