Alliant Energy Corporation (NASDAQ:LNT) Declares $0.54 Quarterly Dividend

Alliant Energy Corporation (NASDAQ:LNT) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.535 per share on Monday, August 17th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 31st.

Alliant Energy has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 22 years. Alliant Energy has a payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Alliant Energy to earn $3.68 per share next year, which means the company should continue to be able to cover its $2.14 annual dividend with an expected future payout ratio of 58.2%.

Alliant Energy Trading Down 1.2%

Alliant Energy stock traded down $0.93 during trading hours on Friday, reaching $74.82. The stock had a trading volume of 2,019,665 shares, compared to its average volume of 2,484,935. The company has a fifty day simple moving average of $73.90 and a 200-day simple moving average of $71.23. Alliant Energy has a 52 week low of $63.28 and a 52 week high of $78.81. The stock has a market cap of $19.32 billion, a PE ratio of 23.45, a PEG ratio of 3.04 and a beta of 0.55. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (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 revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts forecast that Alliant Energy will post 3.43 EPS for the current fiscal year.

Institutional Trading of Alliant Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Tema ETFs LLC increased its holdings in Alliant Energy by 6.6% in the 2nd quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock worth $178,000 after buying an additional 145 shares in the last quarter. Glenmede Investment Management LP boosted its holdings in shares of Alliant Energy by 0.7% during the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after acquiring an additional 153 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Alliant Energy by 1.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after acquiring an additional 158 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of Alliant Energy by 4.8% in the fourth quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after acquiring an additional 161 shares during the period. Finally, Simplicity Wealth LLC grew its stake in shares of Alliant Energy by 5.5% in the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after acquiring an additional 167 shares during the period. Institutional investors own 79.90% of the company’s stock.

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.