PDT Partners LLC Makes New $7.03 Million Investment in Alliant Energy Corporation $LNT

PDT Partners LLC purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 92,130 shares of the company’s stock, valued at approximately $7,029,000.

Other large investors have also recently modified their holdings of the company. Cedar Mountain Advisors LLC acquired a new position in shares of Alliant Energy during the second quarter worth $26,000. Clearstead Trust LLC acquired a new stake in Alliant Energy in the second quarter valued at $27,000. Measured Wealth Private Client Group LLC acquired a new stake in Alliant Energy in the third quarter valued at $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Alliant Energy during the 2nd quarter worth $32,000. Finally, Fortress Financial Group LLC acquired a new position in Alliant Energy during the 2nd quarter worth about $2,063,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.1%

NASDAQ:LNT opened at $68.34 on Wednesday. The firm has a fifty day simple moving average of $73.14 and a two-hundred day simple moving average of $72.21. Alliant Energy Corporation has a 12 month low of $63.28 and a 12 month high of $78.81. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.54 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 67.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LNT shares. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. BMO Capital Markets lowered their price target on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. TD Cowen began coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective on the stock. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, Scotiabank restated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.82.

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.