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Investing.com - BMO Capital raised its price target on Alliant Energy (NASDAQ:LNT) to $68.00 from $66.00 on Monday, while maintaining a Market Perform rating on the utility company’s stock. The stock, currently trading at $65.99, is near its 52-week high of $66.76 and has delivered a 13.77% return year-to-date.
The price target adjustment follows Alliant Energy’s quarterly earnings report, which showed earnings per share of $0.68, exceeding both BMO’s estimate of $0.62 and the consensus expectation of $0.64. The company’s year-over-year results increased by 11 cents, representing approximately 19% growth. According to InvestingPro, the company has maintained dividend payments for 55 consecutive years, with a current dividend yield of 3.09%.
Alliant Energy reaffirmed its 2025 guidance range of $3.15-3.25 per share, compared to BMO’s estimate of $3.23 and consensus of $3.21. The company also maintained its long-term earnings per share growth target of 5-7%.
BMO Capital noted that Alliant Energy has added economic development opportunities to its "mature opportunities" backlog, including another signed agreement in principle with QTS. The research firm highlighted that management expressed confidence these projects have a high likelihood of being completed.
The price target increase was attributed to mark-to-market adjustments in BMO’s sum-of-the-parts valuation model for the utility company.
In other recent news, Alliant Energy reported its financial results for the second quarter of 2025, with earnings per share (EPS) of $0.68, exceeding analysts’ expectations of $0.64. However, the company’s revenue did not meet projections, totaling $961 million compared to the anticipated $985.15 million. Despite the revenue shortfall, the company’s stock demonstrated resilience. Wolfe Research has raised its price target for Alliant Energy from $68 to $72, maintaining an Underperform rating. The firm highlighted Alliant Energy’s significant role in the utility sector as a leader in regulated renewables. Approximately 27% of the company’s earnings are derived from wind and solar operations. This positions Alliant Energy as one of the largest owner-operators of regulated renewables in the country for its size. These developments reflect the company’s ongoing strategic focus in the renewable energy sector.
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