Alliant Energy (NASDAQ:LNT) Cut to “Sell” at Wall Street Zen

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

Other equities research analysts have also issued reports about the company. BMO Capital Markets decreased their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Barclays set a $74.00 price target on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Scotiabank restated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Finally, Mizuho dropped their target price on shares of 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

Alliant Energy Price Performance

Shares of LNT stock opened at $68.58 on Friday. The company has a market capitalization of $17.78 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.53 and a beta of 0.55. The company’s 50-day simple moving average is $73.73 and its two-hundred day simple moving average is $71.99. Alliant Energy has a one year low of $63.28 and a one year high of $78.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $971.00 million during 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 company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities analysts anticipate that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 67.72%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LNT. Price T Rowe Associates Inc. MD boosted its stake in Alliant Energy by 799.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after acquiring an additional 7,460,117 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Alliant Energy during the second quarter worth $82,265,000. Reaves W H & Co. Inc. lifted its holdings in shares of Alliant Energy by 71.8% during the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after purchasing an additional 1,278,166 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Alliant Energy by 41.7% during the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock valued at $235,004,000 after purchasing an additional 1,063,268 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Alliant Energy by 92.5% in the 4th quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock worth $117,357,000 after purchasing an additional 867,256 shares in the last quarter. 79.90% of the stock is owned by 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.