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

Alliant Energy (NASDAQ:LNT) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently issued reports on LNT. Barclays set a $74.00 price objective on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Mizuho set a $76.00 target price on Alliant Energy in a research note on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research note on Tuesday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $83.00 price target (up from $81.00) on shares of Alliant Energy in a report on Wednesday. Finally, Weiss Ratings upgraded Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.36.

Alliant Energy Stock Performance

NASDAQ LNT opened at $74.82 on Friday. Alliant Energy has a 1 year low of $63.28 and a 1 year high of $78.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The stock has a market capitalization of $19.32 billion, a PE ratio of 23.45, a P/E/G ratio of 3.09 and a beta of 0.55. The company’s 50 day simple moving average is $73.96 and its two-hundred day simple moving average is $71.26.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Annex Advisory Services LLC raised its position in Alliant Energy by 2.2% during the second quarter. Annex Advisory Services LLC now owns 10,112 shares of the company’s stock valued at $771,000 after purchasing an additional 215 shares in the last quarter. Accel Wealth Management boosted its holdings in shares of Alliant Energy by 17.4% in the 2nd quarter. Accel Wealth Management now owns 8,972 shares of the company’s stock worth $684,000 after purchasing an additional 1,331 shares in the last quarter. Tema ETFs LLC boosted its holdings in shares of Alliant Energy by 6.6% in the 2nd quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock worth $178,000 after purchasing an additional 145 shares in the last quarter. Great Waters Wealth Management increased its position in shares of Alliant Energy by 5.8% during the 2nd quarter. Great Waters Wealth Management now owns 3,647 shares of the company’s stock valued at $278,000 after purchasing an additional 200 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Alliant Energy by 9.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,277 shares of the company’s stock valued at $4,141,000 after purchasing an additional 4,669 shares during the last quarter. Institutional investors 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.