Cohen & Steers Inc. Has $235 Million Stake in Alliant Energy Corporation $LNT

Cohen & Steers Inc. lifted its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 41.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,614,890 shares of the company’s stock after acquiring an additional 1,063,268 shares during the period. Cohen & Steers Inc.’s holdings in Alliant Energy were worth $235,004,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LNT. Merit Financial Group LLC boosted its stake in Alliant Energy by 271.7% during the 4th quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock worth $2,873,000 after acquiring an additional 32,300 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Alliant Energy by 2.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after acquiring an additional 167,581 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Alliant Energy by 5.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after acquiring an additional 215,188 shares during the last quarter. Vanguard Group Inc. boosted its stake in Alliant Energy by 1.1% during the 4th 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. Finally, Bahl & Gaynor Inc. boosted its stake in Alliant Energy by 12.3% during the 3rd quarter. Bahl & Gaynor Inc. now owns 675,388 shares of the company’s stock worth $45,528,000 after acquiring an additional 74,086 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.7%

Alliant Energy stock opened at $73.11 on Friday. The stock has a market capitalization of $18.88 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.96 and a beta of 0.56. Alliant Energy Corporation has a twelve month low of $59.62 and a twelve month high of $75.76. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average of $72.42 and a 200-day moving average of $69.62.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities research analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s payout ratio is currently 67.08%.

Wall Street Analyst Weigh In

LNT has been the topic of several recent analyst reports. Scotiabank reissued a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. BMO Capital Markets set a $81.00 price objective on shares of Alliant Energy in a research note on Monday, May 4th. Mizuho set a $76.00 price objective on shares of Alliant Energy in a research note on Monday, May 4th. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.60.

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.