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Investing.com - Mizuho (NYSE:MFG) has raised its price target on Alliant Energy (NASDAQ:LNT) to $70.00 from $62.00 while maintaining a Neutral rating on the stock. The utility company, with a market capitalization of $16.79 billion, is currently trading near its 52-week high with a beta of 0.53, indicating lower volatility compared to the broader market. InvestingPro analysis suggests the stock is slightly overvalued at current levels.
The price target increase follows Alliant Energy’s second-quarter 2025 adjusted earnings per share of $0.68, which exceeded consensus estimates of $0.64. The company reaffirmed its 2025 EPS guidance range of $3.15-$3.25 and maintained its EPS compound annual growth rate (CAGR) of 5%-7%. Trading at a P/E ratio of 20.14, the company has demonstrated strong dividend performance, having raised its dividend for 21 consecutive years, with a current yield of 3.11%. For deeper insights into Alliant Energy’s valuation and growth metrics, check out the comprehensive analysis available on InvestingPro.
Mizuho highlighted the announcement of a new data center partnership with QTS in the greater Madison area as the most significant development for investors. This project represents potential upside to the company’s current capital expenditure plan and complements three data centers already under construction, including Google (NASDAQ:GOOGL)’s facility in Cedar Rapids.
The research firm noted that renewable projects may be accelerated within the capital plan due to the OBBBA. When combined with the data center projects, these developments could push EPS growth toward the upper end or potentially above the guided CAGR range.
Alliant Energy is expected to release an updated capital expenditure plan incorporating the data center upside during its third-quarter earnings call.
In other recent news, Alliant Energy reported its financial results for the second quarter of 2025, with earnings per share reaching $0.68, surpassing the consensus estimate of $0.64. This represents a notable year-over-year increase of 19%. However, the company’s revenue was $961 million, falling short of the projected $985.15 million. Following these results, BMO Capital raised its price target for Alliant Energy to $68, maintaining a Market Perform rating. Wolfe Research also adjusted its price target for the company, increasing it to $72 while keeping an Underperform rating. Wolfe Research highlighted Alliant Energy’s significant involvement in the regulated renewables sector, noting that 27% of its earnings are derived from wind and solar operations. These developments indicate that the company is viewed as a leader in the renewable energy space within the utility sector.
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