Alliant Energy Corporation (NASDAQ:LNT) Stock Has Consensus Target Price of $75.20 According to Brokerages

Alliant Energy Corporation (NASDAQ:LNT) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $74.68.

Several analysts recently commented on LNT shares. TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price on the stock. Barclays set a $68.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Mizuho lowered their price target on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and issued a $75.00 price target on shares of Alliant Energy in a research report on Monday, October 12th. Finally, Weiss Ratings lowered shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th.

Institutional Investors Weigh In On Alliant Energy

Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in Alliant Energy by 30.1% during the 3rd quarter. Signaturefd LLC now owns 8,941 shares of the company’s stock valued at $566,000 after acquiring an additional 2,070 shares in the last quarter. Ascent Wealth Partners LLC boosted its holdings in Alliant Energy by 1.8% during the 3rd quarter. Ascent Wealth Partners LLC now owns 27,403 shares of the company’s stock worth $1,735,000 after acquiring an additional 487 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Alliant Energy by 4.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,145 shares of the company’s stock worth $389,000 after acquiring an additional 235 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Alliant Energy by 4.1% in the 3rd quarter. Yousif Capital Management LLC now owns 43,173 shares of the company’s stock worth $2,733,000 after acquiring an additional 1,704 shares in the last quarter. Finally, NBT Bank N.A. bought a new stake in shares of Alliant Energy in the 3rd quarter worth $174,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $69.66 on Friday. 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 $62.54 and a twelve month high of $78.81. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 2.96 and a beta of 0.52. The company’s fifty day moving average is $66.90 and its 200 day moving average is $70.91.

Alliant Energy (NASDAQ:LNT) last released its quarterly 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 firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts forecast that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be paid a $0.5350 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 30th. Alliant Energy’s payout ratio is currently 67.72%.

About Alliant Energy

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated 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.

Alliant Energy’s operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.