Alliant Energy (NASDAQ:LNT) Upgraded to “Strong-Buy” at Wells Fargo & Company

Alliant Energy (NASDAQ:LNT) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on LNT. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 29th. UBS Group set a $75.00 price objective on shares of Alliant Energy and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Bank of America upped their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Wolfe Research reaffirmed an “outperform” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Monday, December 1st. Finally, Argus reissued a “hold” rating on shares of Alliant Energy in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.88.

Alliant Energy Trading Down 0.1%

Shares of LNT stock opened at $67.28 on Tuesday. 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 stock has a market capitalization of $17.29 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67. Alliant Energy has a 12-month low of $57.09 and a 12-month high of $69.75. The stock’s 50-day moving average price is $66.31 and its 200-day moving average price is $65.90.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Alliant Energy in the 3rd quarter worth $27,000. Rossby Financial LCC bought a new stake in shares of Alliant Energy in the second quarter valued at about $29,000. Bartlett & CO. Wealth Management LLC lifted its stake in Alliant Energy by 81.6% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after acquiring an additional 222 shares during the period. Global Trust Asset Management LLC bought a new position in Alliant Energy during the 2nd quarter worth about $30,000. Finally, Country Trust Bank purchased a new position in Alliant Energy during the 2nd quarter valued at about $30,000. 79.90% of the stock is currently owned by hedge funds and other 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.