Alliant Energy (NASDAQ:LNT) Receives Hold Rating from Argus

Argus reaffirmed their hold rating on shares of Alliant Energy (NASDAQ:LNT) in a research note published on Friday, Marketbeat Ratings reports.

Several other research firms have also recently weighed in on LNT. Wolfe Research restated an “outperform” rating and set a $76.00 price target on shares of Alliant Energy in a report on Monday, December 1st. Bank of America boosted their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Jefferies Financial Group reiterated a “buy” rating and set a $78.00 price target on shares of Alliant Energy in a report on Monday, November 24th. Finally, UBS Group set a $75.00 price objective on Alliant Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.86.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $65.02 on Friday. The company’s 50 day moving average price is $66.34 and its two-hundred day moving average price is $65.54. The firm has a market capitalization of $16.71 billion, a P/E ratio of 20.45, a P/E/G ratio of 2.66 and a beta of 0.67. Alliant Energy has a fifty-two week low of $56.30 and a fifty-two week high of $69.75. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.70.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.05). Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company posted $1.15 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, equities analysts forecast that Alliant Energy will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were given a $0.5075 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is 63.84%.

Institutional Investors Weigh In On Alliant Energy

Several large investors have recently added to or reduced their stakes in LNT. SG Americas Securities LLC boosted its holdings in shares of Alliant Energy by 14.7% during the 4th quarter. SG Americas Securities LLC now owns 96,789 shares of the company’s stock worth $6,292,000 after buying an additional 12,391 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Alliant Energy by 143.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 255,377 shares of the company’s stock valued at $16,602,000 after acquiring an additional 150,663 shares during the period. Tactive Advisors LLC bought a new position in Alliant Energy during the fourth quarter worth $207,000. Wealth Enhancement Advisory Services LLC grew its holdings in Alliant Energy by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 78,284 shares of the company’s stock worth $5,118,000 after purchasing an additional 3,075 shares during the period. Finally, Everhart Financial Group Inc. bought a new stake in Alliant Energy in the fourth quarter valued at $272,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

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.