Alliant Energy (NASDAQ:LNT) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Alliant Energy (NASDAQ:LNT) from a sell rating to a strong sell rating in a report released on Saturday,Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on LNT. BMO Capital Markets reduced their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Mizuho decreased their price target on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 target price on shares of Alliant Energy in a report on Thursday, August 27th. TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Alliant Energy Stock Performance

LNT opened at $67.26 on Friday. The firm has a market capitalization of $17.44 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The stock’s 50 day moving average price is $71.19 and its two-hundred day moving average price is $72.08. 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 12-month low of $63.28 and a 12-month high of $78.81.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $971.00 million during 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 company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities analysts forecast that Alliant Energy will post 3.42 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s payout ratio is currently 67.72%.

Institutional Investors Weigh In On Alliant Energy

Hedge funds have recently added to or reduced their stakes in the stock. Delta Global Management LP bought a new stake in Alliant Energy in the 1st quarter valued at approximately $2,512,000. The Manufacturers Life Insurance Company bought a new position in shares of Alliant Energy during the 2nd quarter worth approximately $47,562,000. Reaves W H & Co. Inc. raised its holdings in shares of Alliant Energy by 71.8% in the fourth 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. Segall Bryant & Hamill LLC acquired a new stake in shares of Alliant Energy in the first quarter valued at approximately $2,102,000. Finally, Nykredit A S bought a new stake in shares of Alliant Energy in the second quarter worth $1,171,000. Institutional investors own 79.90% of the company’s stock.

About Alliant Energy

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.