SBI Okasan Asset Management Co.Ltd. Buys Shares of 11,000 Alliant Energy Corporation $LNT

SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,000 shares of the company’s stock, valued at approximately $720,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Moors & Cabot Inc. lifted its stake in Alliant Energy by 42.3% during the 4th quarter. Moors & Cabot Inc. now owns 5,940 shares of the company’s stock valued at $386,000 after acquiring an additional 1,765 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of Alliant Energy by 19.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 8,730 shares of the company’s stock worth $568,000 after purchasing an additional 1,416 shares during the period. Geode Capital Management LLC lifted its stake in shares of Alliant Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after purchasing an additional 128,998 shares during the period. AlphaQuest LLC lifted its stake in shares of Alliant Energy by 168.6% in the 4th quarter. AlphaQuest LLC now owns 52,354 shares of the company’s stock worth $3,404,000 after purchasing an additional 32,860 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in shares of Alliant Energy by 4.5% in the 4th quarter. Bleakley Financial Group LLC now owns 11,706 shares of the company’s stock worth $761,000 after purchasing an additional 503 shares during the period. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price objective on the stock. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Mizuho set a $76.00 target price 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 report on Tuesday, April 21st. Finally, BMO Capital Markets set a $81.00 price target on shares of Alliant Energy in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Stock Down 0.8%

Shares of LNT stock opened at $71.61 on Friday. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.94 and a beta of 0.58. Alliant Energy Corporation has a one year low of $59.62 and a one year high of $75.76. The company’s fifty day moving average price is $72.14 and its 200-day moving average price is $69.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.

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

Alliant Energy Announces Dividend

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

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.