Alliant Energy (NASDAQ:LNT) Rating Increased to Equal Weight at Barclays

Alliant Energy (NASDAQ:LNT) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $67.00 target price on the stock, up from their prior target price of $65.00. Barclays‘s price objective suggests a potential downside of 0.42% from the company’s previous close.

LNT has been the topic of several other reports. HSBC raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday. Wolfe Research reissued an “outperform” rating and issued a $76.00 price target on shares of Alliant Energy in a research note on Monday, December 1st. Jefferies Financial Group restated a “buy” rating and issued a $78.00 target price on shares of Alliant Energy in a report on Monday, November 24th. Wells Fargo & Company started coverage on shares of Alliant Energy in a research report on Tuesday. They set an “overweight” rating and a $71.00 price target on the stock. Finally, 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. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.13.

Alliant Energy Stock Performance

Shares of LNT stock opened at $67.28 on Wednesday. Alliant Energy has a 12-month low of $57.09 and a 12-month high of $69.75. The business’s fifty day simple moving average is $66.31 and its 200-day simple moving average is $65.90. 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 company has a market cap of $17.29 billion, a PE ratio of 21.16, a PEG ratio of 2.73 and a beta of 0.67.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.12 earnings per share 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 return on equity of 12.02% and a net margin of 19.14%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Analysts expect that Alliant Energy will post 3.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy during the third quarter valued at $27,000. Rossby Financial LCC acquired a new position in Alliant Energy in the second quarter valued at $29,000. Bartlett & CO. Wealth Management LLC increased its position in Alliant Energy by 81.6% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after purchasing an additional 222 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Alliant Energy in the 2nd quarter valued at $30,000. Finally, Country Trust Bank purchased a new position in Alliant Energy in the second quarter valued at about $30,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

About Alliant Energy

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.