8,391 Shares in Alliant Energy Corporation $LNT Purchased by Galaxy Digital Capital Management GP LLC

Galaxy Digital Capital Management GP LLC purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,391 shares of the company’s stock, valued at approximately $640,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after acquiring an additional 383,612 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Alliant Energy by 1.2% during the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock worth $808,996,000 after purchasing an additional 138,683 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Alliant Energy by 799.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after purchasing an additional 7,460,117 shares during the period. Geode Capital Management LLC lifted its holdings in 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 during the last quarter. Finally, Cohen & Steers Inc. lifted its holdings in Alliant Energy by 41.7% during the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock worth $235,004,000 after purchasing an additional 1,063,268 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on LNT. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price for the company. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, 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 research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Alliant Energy Trading Down 0.1%

Shares of LNT stock opened at $68.34 on Wednesday. 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 market cap of $17.72 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. The stock has a 50 day simple moving average of $73.14 and a 200 day simple moving average of $72.21. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same quarter last year, the company earned $0.68 EPS. The company’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. On average, research 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 Monday, August 17th. Stockholders of record on Friday, July 31st were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s dividend payout ratio is 67.72%.

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.