Alliant Energy (NASDAQ:LNT) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Alliant Energy (NASDAQ:LNT) in a research note issued to investors on Tuesday, MarketBeat reports. The firm issued an overweight rating and a $71.00 target price on the stock.

Several other brokerages also recently weighed in on LNT. Argus reissued a “hold” rating on shares of Alliant Energy in a research note on Friday, January 9th. UBS Group set a $75.00 price objective on shares of Alliant Energy and gave the company a “buy” rating in a research note on Wednesday, December 17th. Barclays set a $65.00 target price on shares of Alliant Energy and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, December 29th. Finally, Bank of America raised their price objective on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.13.

Alliant Energy Stock Down 0.8%

LNT stock opened at $66.87 on Tuesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.70. The company’s 50 day simple moving average is $66.28 and its 200-day simple moving average is $65.91. Alliant Energy has a 12 month low of $57.09 and a 12 month high of $69.75. The firm 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 posted 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 during the quarter, compared to analysts’ expectations of $1.34 billion. Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. Alliant Energy’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Equities analysts expect that Alliant Energy will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be paid a dividend of $0.535 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, January 30th. Alliant Energy’s dividend payout ratio is presently 63.84%.

Institutional Trading of Alliant Energy

Institutional investors have recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in Alliant Energy in the third quarter worth $27,000. Rossby Financial LCC acquired a new stake in Alliant Energy during the second quarter valued at approximately $29,000. Bartlett & CO. Wealth Management LLC grew its stake in shares of Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock valued at $30,000 after purchasing an additional 222 shares during the period. Global Trust Asset Management LLC acquired a new position in shares of Alliant Energy in the 2nd quarter worth approximately $30,000. Finally, Country Trust Bank bought a new position in shares of Alliant Energy during the 2nd quarter worth approximately $30,000. 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.