The Manufacturers Life Insurance Company Invests $47.56 Million in Alliant Energy Corporation $LNT

The Manufacturers Life Insurance Company bought a new position in Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, HoldingsChannel reports. The fund bought 623,488 shares of the company’s stock, valued at approximately $47,562,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cedar Mountain Advisors LLC bought a new position in Alliant Energy during the second quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new stake in Alliant Energy in the second quarter worth approximately $27,000. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy in the 3rd quarter worth approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Alliant Energy in the 2nd quarter worth approximately $32,000. Finally, Western Wealth Management LLC purchased a new stake in Alliant Energy during the 1st quarter valued at $41,000. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Scotiabank reissued 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. 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 research note on Monday, August 3rd. TD Cowen assumed coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $68.92 on Thursday. The company has a market capitalization of $17.87 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 2.54 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The stock’s 50-day simple moving average is $73.06 and its 200-day simple moving average is $72.22. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share 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 analysts’ expectations of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. Alliant Energy’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

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