Squarepoint Ops LLC lifted its holdings in Alliant Energy Corporation (NASDAQ:LNT – Free Report) by 18.8% in the second quarter, HoldingsChannel reports. The firm owned 1,345,323 shares of the company’s stock after buying an additional 212,421 shares during the quarter. Squarepoint Ops LLC’s holdings in Alliant Energy were worth $102,635,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC purchased a new stake in Alliant Energy during the 2nd quarter worth about $26,000. Clearstead Trust LLC purchased a new position in shares of Alliant Energy in the 2nd quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Alliant Energy during the third quarter worth about $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Alliant Energy during the second quarter worth about $32,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Alliant Energy during the second quarter worth approximately $40,000. 79.90% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. BMO Capital Markets dropped their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price target on shares of Alliant Energy in a report on Thursday, August 27th. TD Cowen began coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective on the stock. Wall Street Zen lowered Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Finally, Mizuho decreased their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.
Alliant Energy Stock Up 0.9%
Alliant Energy stock opened at $68.61 on Wednesday. The stock has a 50 day moving average of $71.78 and a two-hundred day moving average of $72.15. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.86 and a beta of 0.54. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41.
Alliant Energy (NASDAQ:LNT – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $896.94 million. During the same quarter last year, the business earned $0.68 EPS. The business’s revenue was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.
Alliant Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were issued a $0.535 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio is currently 67.72%.
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.
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