Legal & General Group Plc Makes New $143.97 Million Investment in Alliant Energy Corporation $LNT

Legal & General Group Plc bought a new position in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,887,114 shares of the company’s stock, valued at approximately $143,968,000.

Other institutional investors have also modified their holdings of the company. Delta Global Management LP bought a new stake in Alliant Energy in the first quarter valued at about $2,512,000. Vanguard Group Inc. raised 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 buying an additional 383,612 shares in the last quarter. Nicholas Company Inc. bought a new position in Alliant Energy during the 4th quarter worth approximately $5,736,000. The Manufacturers Life Insurance Company bought a new position in Alliant Energy during the 2nd quarter worth approximately $47,562,000. Finally, Reaves W H & Co. Inc. grew its position in shares of Alliant Energy by 71.8% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock worth $198,752,000 after acquiring an additional 1,278,166 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LNT shares. BMO Capital Markets lowered their price target on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Scotiabank reiterated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Mizuho dropped their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $80.00 price target on shares of Alliant Energy in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Alliant Energy has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Alliant Energy Stock Down 1.0%

NASDAQ:LNT opened at $68.21 on Friday. 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 moving average of $72.96 and a 200-day moving average of $72.23. The firm has a market capitalization of $17.69 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.56 and a beta of 0.55. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81.

Alliant Energy (NASDAQ:LNT) last announced its quarterly 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. 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 the consensus estimate of $896.94 million. During the same quarter last year, the business posted $0.68 EPS. The business’s 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. Analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

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