Focus Partners Advisor Solutions LLC Takes Position in Alliant Energy Corporation $LNT

Focus Partners Advisor Solutions LLC bought a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 7,112 shares of the company’s stock, valued at approximately $543,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after acquiring an additional 383,612 shares during the period. Janus Henderson Group PLC lifted its position in shares of Alliant Energy by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock worth $808,996,000 after acquiring an additional 138,683 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Alliant Energy by 799.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after acquiring an additional 7,460,117 shares during the period. Geode Capital Management LLC grew its holdings in shares of Alliant Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after purchasing an additional 128,998 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of Alliant Energy by 5.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock valued at $264,458,000 after purchasing an additional 215,188 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on LNT. Scotiabank restated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. TD Cowen started coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. BMO Capital Markets lowered their price target on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. Finally, Mizuho reduced their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.82.

Alliant Energy Trading Down 0.4%

Shares of LNT opened at $70.35 on Tuesday. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year 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 stock has a 50 day simple moving average of $73.62 and a 200-day simple moving average of $72.09. The stock has a market cap of $18.24 billion, a PE ratio of 22.26, a PEG ratio of 2.62 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same quarter in the previous year, the firm earned $0.68 EPS. Alliant Energy’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, sell-side analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were issued 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 3.0%. Alliant Energy’s dividend payout ratio is presently 67.72%.

Alliant Energy 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.