BMO Capital Markets Has Lowered Expectations for Alliant Energy (NASDAQ:LNT) Stock Price

Alliant Energy (NASDAQ:LNT) had its target price dropped by BMO Capital Markets from $83.00 to $80.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 7.50% from the stock’s previous close.

A number of other brokerages have also recently weighed in on LNT. Barclays set a $74.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. Weiss Ratings raised Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Finally, TD Cowen initiated coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alliant Energy has an average rating of “Moderate Buy” and an average price target of $77.09.

Alliant Energy Stock Performance

Shares of NASDAQ:LNT opened at $74.42 on Wednesday. The firm’s 50 day simple moving average is $74.08 and its 200 day simple moving average is $71.54. Alliant Energy has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 2.75 and a beta of 0.55. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts forecast that Alliant Energy will post 3.43 earnings per share for the current year.

Institutional Investors Weigh In On Alliant Energy

Several large investors have recently made changes to their positions in LNT. Annex Advisory Services LLC raised its holdings in shares of Alliant Energy by 2.2% during the second quarter. Annex Advisory Services LLC now owns 10,112 shares of the company’s stock worth $771,000 after acquiring an additional 215 shares during the period. Accel Wealth Management boosted its stake in 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 during the period. Tema ETFs LLC boosted its stake in 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 during the period. Great Waters Wealth Management increased its holdings in Alliant Energy by 5.8% during the 2nd quarter. Great Waters Wealth Management now owns 3,647 shares of the company’s stock worth $278,000 after purchasing an additional 200 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Alliant Energy by 9.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,277 shares of the company’s stock worth $4,141,000 after purchasing an additional 4,669 shares in 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.