Alliant Energy (NASDAQ:LNT) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Alliant Energy (NASDAQ:LNT) from a hold rating to a sell rating in a research report report published on Saturday.

Several other analysts have also weighed in on LNT. BMO Capital Markets raised their price objective on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a report on Friday, October 17th. Barclays set a $65.00 price target on Alliant Energy and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. Bank of America lifted their price objective on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, October 17th. UBS Group raised Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $74.00 to $79.00 in a research note on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $69.00.

Alliant Energy Price Performance

LNT stock traded up $0.60 during trading on Friday, hitting $67.34. The company had a trading volume of 5,143,362 shares, compared to its average volume of 1,996,214. The company has a fifty day moving average price of $66.42 and a two-hundred day moving average price of $63.97. Alliant Energy has a fifty-two week low of $56.20 and a fifty-two week high of $69.75. The company has a market cap of $17.30 billion, a P/E ratio of 20.78, a P/E/G ratio of 3.20 and a beta of 0.57. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT) last issued 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). Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company 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 business posted $1.15 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Equities research analysts expect that Alliant Energy will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is 62.65%.

Hedge Funds Weigh In On Alliant Energy

Hedge funds have recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in Alliant Energy during the 1st quarter valued at about $27,000. Rossby Financial LCC bought a new stake in shares of Alliant Energy during the second quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Alliant Energy during the 2nd quarter worth $30,000. Bartlett & CO. Wealth Management LLC raised its position in shares of Alliant Energy by 81.6% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock valued at $30,000 after acquiring an additional 222 shares during the last quarter. Finally, Country Trust Bank acquired a new position in shares of Alliant Energy in the 2nd quarter valued at $30,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Company Profile

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.