Argus Reiterates “Hold” Rating for Alliant Energy (NASDAQ:LNT)

Alliant Energy (NASDAQ:LNT)‘s stock had its “hold” rating reaffirmed by investment analysts at Argus in a research report issued to clients and investors on Friday, MarketBeat.com reports.

LNT has been the topic of a number of other reports. BMO Capital Markets upped their price target on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. Bank of America increased their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of Alliant Energy in a report on Monday, November 24th. Finally, Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Alliant Energy presently has an average rating of “Hold” and an average target price of $70.86.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $65.55 on Friday. Alliant Energy has a one year low of $56.30 and a one year high of $69.75. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The business has a fifty day simple moving average of $66.38 and a 200 day simple moving average of $65.52. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.62 and a beta of 0.67.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Sell-side analysts expect that Alliant Energy will post 3.23 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tactive Advisors LLC acquired a new position in Alliant Energy in the fourth quarter valued at about $207,000. Wealth Enhancement Advisory Services LLC boosted its stake in Alliant Energy by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,284 shares of the company’s stock worth $5,118,000 after acquiring an additional 3,075 shares during the last quarter. Everhart Financial Group Inc. acquired a new position in shares of Alliant Energy in the 4th quarter valued at $272,000. Union Bancaire Privee UBP SA acquired a new position in Alliant Energy in the fourth quarter valued at about $928,000. Finally, GAMMA Investing LLC increased its stake in Alliant Energy by 6.4% during the 4th quarter. GAMMA Investing LLC now owns 22,066 shares of the company’s stock worth $1,435,000 after purchasing an additional 1,320 shares in the last quarter. 79.90% of the stock is currently owned by 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.