Barclays Upgrades Alliant Energy (NASDAQ:LNT) to Equal Weight

Alliant Energy (NASDAQ:LNT) was upgraded by equities researchers at Barclays from an “underweight” rating to an “equal weight” rating in a report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a $67.00 price target on the stock, up from their prior price target of $65.00. Barclays‘s price target indicates a potential upside of 0.19% from the stock’s previous close.

A number of other brokerages have also recently weighed in on LNT. Argus reissued a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th. BMO Capital Markets raised Alliant Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $70.00 to $71.00 in a research note on Tuesday, January 13th. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $78.00 price target on shares of Alliant Energy in a report on Monday, November 24th. Finally, Wall Street Zen lowered Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.13.

Alliant Energy Trading Down 0.8%

NASDAQ LNT opened at $66.87 on Wednesday. Alliant Energy has a 12 month low of $57.09 and a 12 month high of $69.75. The stock has a 50-day simple moving average of $66.28 and a 200 day simple moving average of $65.91. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $17.19 billion, a PE ratio of 21.03, a P/E/G ratio of 2.75 and a beta of 0.67.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Alliant Energy by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 33,401,682 shares of the company’s stock worth $2,251,607,000 after buying an additional 97,980 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Alliant Energy by 2.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after acquiring an additional 167,581 shares during the last quarter. Legal & General Group Plc raised its holdings in Alliant Energy by 6.7% during the second quarter. Legal & General Group Plc now owns 2,368,752 shares of the company’s stock worth $143,238,000 after acquiring an additional 149,679 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Alliant Energy by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,291,630 shares of the company’s stock valued at $138,575,000 after purchasing an additional 21,036 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in Alliant Energy by 2.9% during the third quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock valued at $133,453,000 after purchasing an additional 55,489 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Company Profile

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.