Analysts Set Alliant Energy Corporation (NASDAQ:LNT) Target Price at $76.60

Alliant Energy Corporation (NASDAQ:LNT) has received an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $76.60.

A number of analysts recently issued reports on LNT shares. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. BMO Capital Markets set a $81.00 price target on Alliant Energy in a research report on Monday, May 4th. Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. Barclays set a $74.00 target price on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada began coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price for the company.

Alliant Energy Stock Down 0.0%

Shares of LNT opened at $72.97 on Friday. The company has a market cap of $18.85 billion, a PE ratio of 22.87, a P/E/G ratio of 2.98 and a beta of 0.56. The business has a fifty day moving average of $72.46 and a 200 day moving average of $69.77. Alliant Energy has a 52-week low of $59.82 and a 52-week high of $75.76. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.Alliant Energy’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, sell-side analysts expect that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is 67.08%.

Institutional Trading of Alliant Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after purchasing an additional 383,612 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Alliant Energy by 1.2% during the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock worth $808,996,000 after purchasing an additional 138,683 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Alliant Energy by 799.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after purchasing an additional 7,460,117 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Alliant Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after purchasing an additional 167,581 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Alliant Energy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after purchasing an additional 128,998 shares during the last quarter. 79.90% of the stock is currently 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.