Legal & General Group Plc lessened its stake in shares of Alliant Energy Corporation (NASDAQ:LNT – Free Report) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,205,045 shares of the company’s stock after selling 101,277 shares during the period. Legal & General Group Plc owned 0.86% of Alliant Energy worth $143,350,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNT. AlphaQuest LLC bought a new position in shares of Alliant Energy during the third quarter valued at $1,314,000. Johnson Investment Counsel Inc. lifted its holdings in shares of Alliant Energy by 2.9% during the third quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock valued at $133,453,000 after acquiring an additional 55,489 shares during the period. Reaves W H & Co. Inc. lifted its holdings in shares of Alliant Energy by 54.3% during the third quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock valued at $119,928,000 after acquiring an additional 626,410 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Alliant Energy by 271.7% during the fourth quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock valued at $2,873,000 after acquiring an additional 32,300 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Alliant Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after acquiring an additional 167,581 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on LNT. Wells Fargo & Company reissued an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Royal Bank Of Canada initiated coverage on Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target for the company. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $76.60.
Alliant Energy Trading Down 2.1%
NASDAQ LNT opened at $72.17 on Friday. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.01 and a beta of 0.58. The stock’s 50 day moving average price is $72.14 and its two-hundred day moving average price is $69.31. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. Alliant Energy Corporation has a 52 week low of $59.62 and a 52 week high of $75.76.
Alliant Energy (NASDAQ:LNT – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.
Alliant Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a $0.535 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 3.0%. Alliant Energy’s payout ratio is presently 67.08%.
Alliant Energy 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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