Mitsubishi UFJ Asset Management Co. Ltd. Has $35.63 Million Position in Alliant Energy Corporation $LNT

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Alliant Energy Corporation (NASDAQ:LNT) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 528,539 shares of the company’s stock after purchasing an additional 43,901 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of Alliant Energy worth $35,629,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Carnegie Investment Counsel lifted its position in Alliant Energy by 4.1% in the 3rd quarter. Carnegie Investment Counsel now owns 622,821 shares of the company’s stock valued at $41,984,000 after acquiring an additional 24,482 shares in the last quarter. Liberty One Investment Management LLC increased its holdings in Alliant Energy by 91.7% during the 3rd quarter. Liberty One Investment Management LLC now owns 984,790 shares of the company’s stock worth $66,389,000 after purchasing an additional 470,967 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Alliant Energy in the 3rd quarter valued at about $4,015,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Alliant Energy by 108.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 47,101 shares of the company’s stock valued at $3,175,000 after purchasing an additional 24,549 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Alliant Energy during the third quarter worth about $1,314,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Shares of LNT opened at $72.34 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 1.49. The company’s fifty day simple moving average is $67.33 and its 200 day simple moving average is $66.76. Alliant Energy Corporation has a 1-year low of $57.09 and a 1-year high of $72.40. The company has a market cap of $18.60 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.96 and a beta of 0.66.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $673.11 million. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 67.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reissued an “overweight” rating and issued a $75.00 target price on shares of Alliant Energy in a research report on Sunday, February 22nd. Wolfe Research reiterated an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a report on Monday, December 1st. Jefferies Financial Group restated a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.50.

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.