Fintel reports that on April 19, 2023, Wells Fargo upgraded their outlook for Alliant Energy (NASDAQ:LNT) from Equal-Weight to Overweight .
Analyst Price Forecast Suggests 6.76% Upside
As of April 6, 2023, the average one-year price target for Alliant Energy is $58.01. The forecasts range from a low of $52.52 to a high of $67.20. The average price target represents an increase of 6.76% from its latest reported closing price of $54.34.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Alliant Energy is $3,831MM, a decrease of 8.89%. The projected annual non-GAAP EPS is $2.92.
Alliant Energy Declares $0.45 Dividend
On April 10, 2023 the company declared a regular quarterly dividend of $0.45 per share ($1.81 annualized). Shareholders of record as of April 28, 2023 will receive the payment on May 15, 2023. Previously, the company paid $0.45 per share.
At the current share price of $54.34 / share, the stock's dividend yield is 3.33%. Looking back five years and taking a sample every week, the average dividend yield has been 2.96%, the lowest has been 2.55%, and the highest has been 3.80%. The standard deviation of yields is 0.23 (n=237).
The current dividend yield is 1.65 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.66. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.19%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
Palumbo Wealth Management holds 16K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 15K shares, representing an increase of 3.68%. The firm decreased its portfolio allocation in LNT by 99.90% over the last quarter.
NTSX - WisdomTree 90 holds 5K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 4K shares, representing an increase of 14.28%. The firm increased its portfolio allocation in LNT by 9.66% over the last quarter.
Argent Trust holds 7K shares representing 0.00% ownership of the company. No change in the last quarter.
Bessemer Group holds 2K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 2K shares, representing a decrease of 3.08%. The firm decreased its portfolio allocation in LNT by 99.91% over the last quarter.
Captrust Financial Advisors holds 42K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 41K shares, representing an increase of 3.01%. The firm decreased its portfolio allocation in LNT by 7.14% over the last quarter.
What is the Fund Sentiment?
There are 1271 funds or institutions reporting positions in Alliant Energy.
This is an increase
of
12
owner(s) or 0.95% in the last quarter.
Average portfolio weight of all funds dedicated to LNT is 0.24%,
a decrease
of 7.31%.
Total shares owned by institutions increased
in the last three months by 1.22% to 232,558K shares.
The put/call ratio of LNT is 1.40, indicating a
bearish
outlook.
Alliant Energy Background Information
(This description is provided by the company.)
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other.
See all Alliant Energy regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
