84,997 Shares in Alliant Energy Corporation $LNT Acquired by Atom Investors LP

Atom Investors LP bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 84,997 shares of the company’s stock, valued at approximately $5,526,000.

Several other hedge funds have also added to or reduced their stakes in LNT. Merit Financial Group LLC lifted its position in shares of Alliant Energy by 271.7% in the 4th quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock worth $2,873,000 after purchasing an additional 32,300 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Alliant Energy by 2.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after purchasing an additional 167,581 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Alliant Energy by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after purchasing an additional 215,188 shares during the period. Vanguard Group Inc. lifted its position in shares of Alliant Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after purchasing an additional 383,612 shares during the period. Finally, Bahl & Gaynor Inc. lifted its position in shares of Alliant Energy by 12.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 675,388 shares of the company’s stock worth $45,528,000 after purchasing an additional 74,086 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Royal Bank Of Canada assumed coverage on shares of Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price objective for the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. 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 note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Stock Performance

Shares of LNT stock opened at $73.84 on Wednesday. The firm has a market capitalization of $19.07 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The firm has a fifty day simple moving average of $72.45 and a two-hundred day simple moving average of $69.69. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. Alliant Energy Corporation has a 12 month low of $59.62 and a 12 month high of $75.76.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates of $0.82. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. Alliant Energy’s quarterly revenue was up 5.0% on a year-over-year basis. 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. Analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The firm 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 2.9%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s payout ratio is 67.08%.

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.