Alliant Energy (NASDAQ:LNT) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of Alliant Energy (NASDAQ:LNT) from a strong sell rating to a sell rating in a report issued on Sunday morning,Wall Street Zen reports.

LNT has been the subject of several other research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price target on shares of Alliant Energy in a report on Thursday, August 27th. TD Cowen started coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective on the stock. Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Mizuho reduced their target price 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. Finally, BMO Capital Markets decreased their price target on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Alliant Energy Stock Performance

Shares of LNT stock opened at $65.61 on Friday. 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 has a 12-month low of $63.50 and a 12-month high of $78.81. The business has a 50 day simple moving average of $70.17 and a 200 day simple moving average of $71.88. The firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 2.76 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The business had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities research analysts anticipate that Alliant Energy will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were issued a dividend of $0.535 per share. The ex-dividend date was Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 3.3%. Alliant Energy’s dividend payout ratio is currently 67.72%.

Institutional Trading of Alliant Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LNT. Delta Global Management LP acquired a new stake in Alliant Energy during the 1st quarter worth approximately $2,512,000. The Manufacturers Life Insurance Company acquired a new position in shares of Alliant Energy during the second quarter worth about $47,562,000. Nykredit A S bought a new position in shares of Alliant Energy during the second quarter worth about $1,171,000. Reaves W H & Co. Inc. raised its position in Alliant Energy by 71.8% in 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 buying an additional 1,278,166 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Alliant Energy in the 1st quarter valued at approximately $2,102,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Company Profile

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.