SummitTX Capital L.P. Buys 107,251 Shares of Alliant Energy Corporation $LNT

SummitTX Capital L.P. lifted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 65.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 270,716 shares of the company’s stock after acquiring an additional 107,251 shares during the period. Alliant Energy accounts for about 0.6% of SummitTX Capital L.P.’s portfolio, making the stock its 20th largest position. SummitTX Capital L.P.’s holdings in Alliant Energy were worth $19,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy in the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Alliant Energy during the 2nd quarter worth about $46,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Alliant Energy in the 4th quarter valued at about $51,000. Finally, Quantbot Technologies LP bought a new stake in Alliant Energy in the 3rd quarter valued at about $54,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

LNT opened at $74.94 on Monday. 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 Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The firm has a market capitalization of $19.36 billion, a PE ratio of 23.49, a P/E/G ratio of 2.78 and a beta of 0.55. The company’s 50-day moving average is $74.16 and its 200 day moving average is $71.61.

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

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a dividend of $0.535 per share. The ex-dividend date is Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s dividend payout ratio is 67.08%.

Analyst Ratings Changes

LNT has been the topic of a number of research reports. Weiss Ratings raised Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. TD Cowen started coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. Barclays set a $74.00 target price on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Scotiabank reissued a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.09.

Alliant Energy 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.