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Tuesday, Alliant Energy (NASDAQ:LNT) shares experienced a revision in their price target, set by BMO Capital Markets. The firm reduced the target from $66.00 to $64.00 while maintaining a Market Perform rating on the stock. According to InvestingPro data, the stock has gained 23% over the past year, with analyst targets ranging from $57 to $71. BMO Capital’s decision comes ahead of Alliant Energy’s first-quarter earnings call, scheduled for May 9, 2025.
BMO Capital anticipates that Alliant Energy will report first-quarter earnings per share (EPS) of approximately $0.75, marking an increase of around 21% compared to the same period in the previous year. The firm’s forecast surpasses the consensus estimates for the quarter. With a P/E ratio of 21.9x and a solid dividend history spanning 55 consecutive years, including 21 years of consecutive raises as noted by InvestingPro, the company maintains a FAIR financial health score. Despite the strong expected performance for the first quarter, BMO Capital suggests that investor attention is likely to shift towards the company’s upcoming capital plan update.
The analysis by BMO Capital predicts a significant increase in Alliant Energy’s capital plan, driven by the formalization of approximately 1 gigawatt of additional data center load in the forecast. Nonetheless, the firm does not foresee any change in management’s projection of 5-7% long-term EPS growth.
The revised price target of $64.00 is a result of a mark-to-market/sum-of-the-parts (SOTP) analysis conducted by BMO Capital. This adjustment reflects the firm’s latest valuation of Alliant Energy’s stock based on anticipated financial performance and market conditions.
In other recent news, Alliant Energy has announced several key developments. The company experienced a mixed response from analysts, with Barclays (LON:BARC) downgrading its stock rating from Equalweight to Underweight, citing potential challenges in its renewable energy plans, although the price target was raised to $61. In contrast, Jefferies raised its price target for Alliant Energy to $70, maintaining a Hold rating and expressing confidence in the company’s long-term capital expenditures and growth projections. Alliant Energy’s future capital expenditures are projected to reach $1.96 billion through fiscal year 2031, according to Jefferies.
Additionally, Alliant Energy announced a leadership transition, with John O. Larsen set to retire as Chairman of the Board after the 2025 Annual Meeting of Shareowners. Patrick E. Allen, a board member since 2011, will assume the role of Board Chair following Larsen’s retirement. This change is part of the company’s planned succession process and has been filed with the Securities and Exchange Commission. Investors and stakeholders are closely monitoring these developments as they could influence the company’s strategic direction and future performance.
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