Dockside LLC Takes $3.50 Million Position in Alliant Energy Corporation $LNT

Dockside LLC bought a new position in Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 45,906 shares of the company’s stock, valued at approximately $3,502,000.

Other large investors have also bought and sold shares of the company. Annex Advisory Services LLC boosted its stake in Alliant Energy by 2.2% in the second quarter. Annex Advisory Services LLC now owns 10,112 shares of the company’s stock worth $771,000 after purchasing an additional 215 shares in the last quarter. Accel Wealth Management raised its holdings in shares of Alliant Energy by 17.4% in the second quarter. Accel Wealth Management now owns 8,972 shares of the company’s stock valued at $684,000 after buying an additional 1,331 shares during the last quarter. Tema ETFs LLC raised its holdings in shares of Alliant Energy by 6.6% in the second quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock valued at $178,000 after buying an additional 145 shares during the last quarter. Great Waters Wealth Management grew its holdings in Alliant Energy by 5.8% during the 2nd quarter. Great Waters Wealth Management now owns 3,647 shares of the company’s stock worth $278,000 after acquiring an additional 200 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Alliant Energy by 9.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,277 shares of the company’s stock worth $4,141,000 after acquiring an additional 4,669 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LNT. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Scotiabank reissued a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Mizuho dropped their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Finally, BMO Capital Markets reduced their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Alliant Energy presently has a consensus rating of “Moderate Buy” and an average target price of $76.82.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $70.60 on Friday. Alliant Energy Corporation has a 12 month low of $63.28 and a 12 month high of $78.81. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $18.31 billion, a PE ratio of 22.34, a PEG ratio of 2.61 and a beta of 0.55. The stock’s fifty day simple moving average is $73.65 and its 200 day simple moving average is $72.03.

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

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 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.