Alliant Energy Corporation $LNT Position Lifted by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lifted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 71.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,057,253 shares of the company’s stock after acquiring an additional 1,278,166 shares during the period. Alliant Energy accounts for approximately 3.5% of Reaves W H & Co. Inc.’s portfolio, making the stock its 9th biggest position. Reaves W H & Co. Inc.’s holdings in Alliant Energy were worth $198,752,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Magellan Asset Management Ltd increased its position in Alliant Energy by 802.8% during the third quarter. Magellan Asset Management Ltd now owns 1,553,695 shares of the company’s stock worth $104,735,000 after purchasing an additional 1,381,593 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Alliant Energy in the 2nd quarter valued at about $82,265,000. Jennison Associates LLC grew its stake in shares of Alliant Energy by 92.5% in the 4th quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock valued at $117,357,000 after buying an additional 867,256 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Alliant Energy by 98.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after buying an additional 538,603 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Alliant Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after buying an additional 383,612 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Alliant Energy stock opened at $71.61 on Monday. The company’s 50 day simple moving average is $72.14 and its 200-day simple moving average is $69.34. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. Alliant Energy Corporation has a 1 year low of $59.62 and a 1 year high of $75.76. 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 (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $0.83 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, 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 declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio is 67.08%.

Analyst Upgrades and Downgrades

LNT has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Mizuho set a $76.00 price objective on Alliant Energy in a report on Monday, May 4th. Royal Bank Of Canada assumed coverage on Alliant Energy in a research note on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price for the company. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Barclays set a $74.00 price target on Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.60.

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.