Wealthfront Advisers LLC bought a new stake in Alliant Energy Corporation (NASDAQ:LNT – Free Report) during the second quarter, Holdings Channel reports. The firm bought 135,695 shares of the company’s stock, valued at approximately $10,352,000.
Several other institutional investors have also recently bought and sold shares of LNT. Cedar Mountain Advisors LLC acquired a new position in Alliant Energy during the 2nd quarter worth $26,000. Clearstead Trust LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy in the third quarter valued at about $27,000. Western Wealth Management LLC bought a new position in shares of Alliant Energy in the first quarter worth about $41,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares during the period. Institutional investors own 79.90% of the company’s stock.
Analyst Ratings Changes
Several analysts recently weighed in on the company. TD Cowen initiated coverage on Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price for the company. Mizuho dropped their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. BMO Capital Markets cut their price target on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Finally, Scotiabank reissued 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 research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.82.
Alliant Energy Stock Up 0.2%
Shares of LNT opened at $70.15 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The company has a 50-day simple moving average of $73.52 and a 200-day simple moving average of $72.14. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81. The firm has a market capitalization of $18.19 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.60 and a beta of 0.55.
Alliant Energy (NASDAQ:LNT – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same period last year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given 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 (DPR) is currently 67.72%.
About Alliant Energy
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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