GSA Capital Partners LLP Makes New Investment in Alliant Energy Corporation $LNT

GSA Capital Partners LLP acquired a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,759 shares of the company’s stock, valued at approximately $897,000.

A number of other hedge funds have also modified their holdings of the company. Clearstead Trust LLC bought a new stake in Alliant Energy in the 2nd quarter valued at approximately $27,000. Everett Harris & Co. CA bought a new position in shares of Alliant Energy during the 2nd quarter worth approximately $1,241,000. Dockside LLC bought a new position in shares of Alliant Energy during the 2nd quarter worth approximately $3,502,000. Annex Advisory Services LLC raised its holdings in shares of Alliant Energy by 2.2% in the second quarter. Annex Advisory Services LLC now owns 10,112 shares of the company’s stock valued at $771,000 after purchasing an additional 215 shares during the last quarter. Finally, Accel Wealth Management raised its holdings in shares of Alliant Energy by 17.4% in the second quarter. Accel Wealth Management now owns 8,972 shares of the company’s stock valued at $684,000 after purchasing an additional 1,331 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Trading Down 0.5%

Shares of Alliant Energy stock opened at $69.98 on Wednesday. The stock has a market cap of $18.15 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.62 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. Alliant Energy Corporation has a 12-month low of $63.28 and a 12-month high of $78.81. The business’s 50 day moving average is $73.58 and its 200-day moving average is $72.11.

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

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 67.72%.

Analysts Set New Price Targets

Several brokerages recently commented on LNT. Scotiabank restated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a research note on Tuesday, April 21st. BMO Capital Markets cut their price target 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 downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

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.