Cibc World Market Inc. Purchases Shares of 10,000 Alliant Energy Corporation $LNT

Cibc World Market Inc. acquired a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, HoldingsChannel reports. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $763,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LNT. Vanguard Group Inc. boosted its stake 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 valued at $2,196,382,000 after purchasing an additional 383,612 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Alliant Energy by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after purchasing an additional 138,683 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Alliant Energy by 799.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after buying an additional 7,460,117 shares in the last quarter. Geode Capital Management LLC boosted its position in Alliant Energy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock valued at $458,071,000 after buying an additional 128,998 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in shares of Alliant Energy by 41.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock worth $235,004,000 after buying an additional 1,063,268 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $68.21 on Friday. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 2.56 and a beta of 0.55. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. The company’s fifty day moving average is $72.96 and its 200 day moving average is $72.23. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41.

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

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were paid a $0.535 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio is presently 67.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price target on shares of Alliant Energy in a report on Thursday. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. TD Cowen began coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective on the stock. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Finally, BMO Capital Markets lowered their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Company Profile

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.