Alliant Energy (NASDAQ:LNT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alliant Energy (NASDAQ:LNT) from a strong sell rating to a sell rating in a research note issued to investors on Sunday,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on LNT. Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Alliant Energy in a report on Thursday, August 27th. TD Cowen started coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. BMO Capital Markets lowered their price objective 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. Finally, Mizuho dropped their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Alliant Energy Stock Performance

Alliant Energy stock opened at $64.62 on Friday. The firm has a fifty day simple moving average of $69.70 and a two-hundred day simple moving average of $71.78. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. Alliant Energy has a twelve month low of $63.87 and a twelve month high of $78.81. The company has a market capitalization of $16.76 billion, a PE ratio of 20.45, a P/E/G ratio of 2.74 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The firm had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $896.94 million. During the same period last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Research analysts expect that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, July 31st. Alliant Energy’s dividend payout ratio is presently 67.72%.

Institutional Trading of Alliant Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of LNT. Security National Bank of SO Dak acquired a new position in shares of Alliant Energy in the second quarter worth $201,000. Tidal Investments LLC increased its position in shares of Alliant Energy by 16.5% during the second quarter. Tidal Investments LLC now owns 8,932 shares of the company’s stock worth $681,000 after acquiring an additional 1,264 shares during the period. MCF Advisors LLC raised its stake in shares of Alliant Energy by 104.1% in the second quarter. MCF Advisors LLC now owns 990 shares of the company’s stock valued at $76,000 after acquiring an additional 505 shares in the last quarter. National Pension Service raised its stake in shares of Alliant Energy by 92.1% in the second quarter. National Pension Service now owns 37,458 shares of the company’s stock valued at $2,858,000 after acquiring an additional 17,961 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in Alliant Energy by 672.2% in the second quarter. Engineers Gate Manager LP now owns 98,507 shares of the company’s stock valued at $7,515,000 after purchasing an additional 85,751 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

About Alliant Energy

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.