Alliant Energy (NASDAQ:LNT) Sets New 52-Week Low – Time to Sell?

Alliant Energy Corporation (NASDAQ:LNT)’s share price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $62.54 and last traded at $62.6120, with a volume of 80364 shares changing hands. The stock had previously closed at $63.30.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 20th. TD Cowen began coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. BMO Capital Markets dropped their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Alliant Energy in a research report on Thursday, August 27th. Finally, Mizuho reduced their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Alliant Energy Trading Down 0.0%

The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The firm’s 50 day simple moving average is $68.41 and its 200-day simple moving average is $71.45. The company has a market capitalization of $16.41 billion, a PE ratio of 20.00, a P/E/G ratio of 2.71 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a $0.5350 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 3.4%. Alliant Energy’s dividend payout ratio (DPR) is 67.72%.

Institutional Investors Weigh In On Alliant Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cedar Mountain Advisors LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at about $26,000. Clearstead Trust LLC purchased a new position in Alliant Energy in the 2nd quarter worth approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Alliant Energy in the 2nd quarter worth approximately $32,000. Continuum Advisory LLC acquired a new stake in Alliant Energy in the second quarter valued at approximately $40,000. Finally, Western Wealth Management LLC acquired a new stake in Alliant Energy in the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated energy holding company headquartered in Madison, Wisconsin. Through its utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

The company generates and distributes electricity through a diverse portfolio that includes wind, solar, natural gas, and other generation resources. It also operates electric transmission and distribution networks and natural gas distribution systems, while investing in renewable energy and infrastructure modernization to support a more sustainable energy mix and reliable service.

Alliant Energy traces its history to the utility businesses that became part of the company through a series of mergers and reorganizations, including the formation of Alliant Energy Corporation in the late 1990s.