Ames National Corp Acquires 18,133 Shares of Alliant Energy Corporation $LNT

Ames National Corp grew its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 423.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,418 shares of the company’s stock after buying an additional 18,133 shares during the period. Alliant Energy comprises about 0.9% of Ames National Corp’s investment portfolio, making the stock its 23rd biggest position. Ames National Corp’s holdings in Alliant Energy were worth $1,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arete Wealth Advisors LLC bought a new position in Alliant Energy during the fourth quarter worth about $235,000. Kestra Advisory Services LLC boosted its position in Alliant Energy by 207.0% during the fourth quarter. Kestra Advisory Services LLC now owns 45,979 shares of the company’s stock worth $2,989,000 after purchasing an additional 31,000 shares during the period. Transamerica Financial Advisors LLC boosted its position in Alliant Energy by 126.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,057 shares of the company’s stock worth $69,000 after purchasing an additional 591 shares during the period. The Manufacturers Life Insurance Company boosted its position in Alliant Energy by 28.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 630,410 shares of the company’s stock worth $41,042,000 after purchasing an additional 139,109 shares during the period. Finally, UMB Bank n.a. boosted its position in Alliant Energy by 16.6% during the fourth quarter. UMB Bank n.a. now owns 16,046 shares of the company’s stock worth $1,043,000 after purchasing an additional 2,285 shares during the period. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on LNT shares. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. BMO Capital Markets set a $81.00 target price on shares of Alliant Energy in a research report on Monday, May 4th. Royal Bank Of Canada assumed coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price for the company. Finally, Mizuho set a $76.00 price objective on shares of Alliant Energy in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Price Performance

LNT stock opened at $73.11 on Friday. The firm has a 50 day moving average of $72.42 and a 200-day moving average of $69.62. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. Alliant Energy Corporation has a 12 month low of $59.62 and a 12 month high of $75.76. The firm has a market capitalization of $18.88 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business earned $0.83 earnings per share. Alliant Energy’s revenue was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 67.08%.

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.