Commerce Bank Acquires Shares of 33,168 Alliant Energy Corporation $LNT

Commerce Bank bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 33,168 shares of the company’s stock, valued at approximately $2,530,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in Alliant Energy in the 2nd quarter valued at about $3,347,000. Quantbot Technologies LP acquired a new position in Alliant Energy during the 2nd quarter valued at about $2,016,000. Fortress Financial Group LLC bought a new stake in Alliant Energy during the 2nd quarter worth approximately $2,063,000. Madison Wealth Partners Inc bought a new stake in Alliant Energy during the 2nd quarter worth approximately $1,025,000. Finally, Westpac Banking Corp purchased a new stake in shares of Alliant Energy in the second quarter worth approximately $1,369,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Mizuho decreased their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. TD Cowen began coverage on Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target for the company. Scotiabank restated 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. Finally, BMO Capital Markets cut their price objective on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Alliant Energy Price Performance

Alliant Energy stock opened at $68.42 on Tuesday. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81. The company’s 50 day moving average price is $73.25 and its two-hundred day moving average price is $72.20. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The stock has a market cap of $17.74 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.52 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a $0.535 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 annualized dividend and a 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.