20,882 Shares in Alliant Energy Corporation $LNT Bought by Ninepoint Partners LP

Ninepoint Partners LP bought a new position in Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 20,882 shares of the company’s stock, valued at approximately $1,593,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 lifted its position in Alliant Energy by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after purchasing an additional 138,683 shares during the last quarter. Price T Rowe Associates Inc. MD boosted 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 valued at $545,662,000 after purchasing an additional 7,460,117 shares during the period. Geode Capital Management LLC boosted its stake 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 valued at $458,071,000 after purchasing an additional 128,998 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in Alliant Energy by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after purchasing an additional 215,188 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LNT has been the topic of several analyst reports. Scotiabank restated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. BMO Capital Markets decreased their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. TD Cowen assumed coverage on Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Finally, Mizuho decreased their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $69.46 on Friday. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. 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 company has a 50-day moving average of $73.46 and a 200-day moving average of $72.17. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.60 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last released its earnings results 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 net margin of 18.45% and a return on equity of 11.16%. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same period in the previous year, the firm earned $0.68 EPS. The business’s revenue for the quarter 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 forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

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