Johnson Financial Group Inc. Invests $686,000 in Alliant Energy Corporation $LNT

Johnson Financial Group Inc. bought a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, Holdings Channel.com reports. The fund bought 8,998 shares of the company’s stock, valued at approximately $686,000.

Several other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in Alliant Energy by 799.3% during 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 purchasing an additional 7,460,117 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Alliant Energy in the second quarter valued at about $82,265,000. Reaves W H & Co. Inc. grew its stake in shares of Alliant Energy by 71.8% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after buying an additional 1,278,166 shares in the last quarter. Cohen & Steers Inc. increased its stake in shares of 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. Finally, Jennison Associates LLC lifted its position in shares of Alliant Energy by 92.5% in the fourth quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock valued at $117,357,000 after buying an additional 867,256 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective 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. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Mizuho cut their price target 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. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, TD Cowen started coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Alliant Energy Stock Performance

Shares of LNT stock opened at $70.15 on Thursday. The business’s 50 day simple moving average is $73.52 and its 200 day simple moving average is $72.14. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. Alliant Energy Corporation has a one year low of $63.28 and a one year high of $78.81. The stock has a market capitalization of $18.19 billion, a PE ratio of 22.20, a PEG ratio of 2.60 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $896.94 million. During the same period in the prior year, the company posted $0.68 earnings per share. Alliant Energy’s revenue for the quarter was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

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