Harbour Investments Inc. Acquires 72,934 Shares of Alliant Energy Corporation $LNT

Harbour Investments Inc. boosted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 89.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,850 shares of the company’s stock after acquiring an additional 72,934 shares during the quarter. Harbour Investments Inc. owned 0.06% of Alliant Energy worth $10,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in Alliant Energy in the 3rd quarter valued at approximately $27,000. MRP Capital Investments LLC bought a new position in shares of Alliant Energy during the 3rd quarter valued at $35,000. Hantz Financial Services Inc. lifted its holdings in shares of Alliant Energy by 256.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after buying an additional 403 shares during the period. Sentry Investment Management LLC bought a new position in shares of Alliant Energy during the 3rd quarter valued at $44,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Alliant Energy during the 2nd quarter valued at $46,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $73.95 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The firm has a market capitalization of $19.10 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 3.02 and a beta of 0.58. Alliant Energy Corporation has a one year low of $59.62 and a one year high of $75.76. The business has a fifty day moving average price of $72.12 and a 200-day moving average price of $69.18.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.Alliant Energy’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 was Thursday, April 30th. Alliant Energy’s dividend payout ratio is presently 67.08%.

Analyst Upgrades and Downgrades

LNT has been the topic of several research analyst reports. Scotiabank reissued a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Wells Fargo & Company reissued an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Barclays set a $74.00 price target on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada initiated coverage on Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.

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.