Alliant Energy (NASDAQ:LNT) Sets New 1-Year High – Time to Buy?

Alliant Energy Corporation (NASDAQ:LNT)’s share price hit a new 52-week high on Thursday . The company traded as high as $76.36 and last traded at $76.4080, with a volume of 71666 shares changing hands. The stock had previously closed at $75.59.

Analyst Ratings Changes

LNT has been the topic of a number of research analyst reports. Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. BMO Capital Markets set a $81.00 price target on Alliant Energy in a report on Monday, May 4th. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Royal Bank Of Canada assumed coverage on Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective on the stock. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average price is $72.72 and its 200-day moving average price is $70.08. The stock has a market capitalization of $19.95 billion, a PE ratio of 24.22, a PEG ratio of 3.11 and a beta of 0.56.

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

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.8%. Alliant Energy’s payout ratio is currently 67.08%.

Institutional Trading of Alliant Energy

Institutional investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC bought a new position in Alliant Energy during the third quarter valued at $27,000. MRP Capital Investments LLC bought a new stake in shares of Alliant Energy in the 3rd quarter worth about $35,000. Western Wealth Management LLC purchased a new position in shares of Alliant Energy during the 1st quarter worth about $41,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in Alliant Energy during the 2nd quarter valued at about $46,000. 79.90% of the stock is currently owned by institutional investors.

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.