79,999 Shares in Alliant Energy Corporation $LNT Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 79,999 shares of the company’s stock, valued at approximately $6,103,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNT. AQR Capital Management LLC increased its position in shares of Alliant Energy by 103.8% during the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after acquiring an additional 33,978 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Alliant Energy by 98.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after purchasing an additional 538,603 shares during the period. Empowered Funds LLC boosted its holdings in Alliant Energy by 18.8% in the first quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after purchasing an additional 974 shares during the period. Woodline Partners LP boosted its holdings in Alliant Energy by 40.7% in the first quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after purchasing an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Alliant Energy by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LNT. TD Cowen initiated coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. BMO Capital Markets lowered their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Weiss Ratings lowered shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Mizuho reduced their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 price target on shares of Alliant Energy in a research note on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and an average target price of $77.00.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $67.92 on Wednesday. Alliant Energy Corporation has a 12 month low of $63.28 and a 12 month high of $78.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. The firm has a market capitalization of $17.61 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. The business’s fifty day moving average price is $72.63 and its 200 day moving average price is $72.24.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $971.00 million during 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%.Alliant Energy’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period 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, sell-side analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were paid a dividend of $0.535 per share. The ex-dividend date was Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 3.2%. Alliant Energy’s payout ratio is presently 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.