Magellan Asset Management Ltd Boosts Holdings in Alliant Energy Corporation $LNT

Magellan Asset Management Ltd boosted its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 40.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,180,425 shares of the company’s stock after buying an additional 626,730 shares during the quarter. Alliant Energy accounts for 1.7% of Magellan Asset Management Ltd’s investment portfolio, making the stock its 26th largest holding. Magellan Asset Management Ltd’s holdings in Alliant Energy were worth $141,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in Alliant Energy during the third quarter worth $27,000. MRP Capital Investments LLC purchased a new position in Alliant Energy during the third quarter worth $35,000. Hantz Financial Services Inc. boosted its stake in Alliant Energy by 256.7% during the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after buying an additional 403 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of Alliant Energy during the third quarter valued at $44,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Alliant Energy during the second quarter valued at $46,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

LNT stock opened at $71.39 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The business has a 50-day moving average price of $72.22 and a 200 day moving average price of $69.43. The company has a market capitalization of $18.44 billion, a P/E ratio of 22.38, a PEG ratio of 2.89 and a beta of 0.56. Alliant Energy Corporation has a 1-year low of $59.62 and a 1-year high of $75.76.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s payout ratio is presently 67.08%.

Analysts Set New Price Targets

LNT has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Barclays set a $74.00 target price on shares of Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Wells Fargo & Company reissued an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research note on Tuesday, April 21st. BMO Capital Markets set a $81.00 target price on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Mizuho set a $76.00 target price on shares of Alliant Energy in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.60.

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.