The Manufacturers Life Insurance Company Increases Position in Alliant Energy Corporation $LNT

The Manufacturers Life Insurance Company grew its position in Alliant Energy Corporation (NASDAQ:LNT) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 643,495 shares of the company’s stock after purchasing an additional 13,085 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.25% of Alliant Energy worth $46,191,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Glenmede Investment Management LP raised its stake in Alliant Energy by 0.7% in the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after buying an additional 153 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Alliant Energy by 1.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after acquiring an additional 158 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of Alliant Energy by 4.8% during the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after acquiring an additional 161 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of Alliant Energy by 5.5% in the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock valued at $209,000 after acquiring an additional 167 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Alliant Energy by 4.6% in the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock valued at $300,000 after acquiring an additional 184 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Down 1.5%

NASDAQ:LNT opened at $70.89 on Friday. The firm has a market cap of $18.31 billion, a P/E ratio of 22.22, a PEG ratio of 2.67 and a beta of 0.55. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The stock’s 50 day simple moving average is $74.15 and its 200-day simple moving average is $71.82. Alliant Energy Corporation has a 12-month low of $63.28 and a 12-month high of $78.81.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. During the same period last year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 67.08%.

Wall Street Analyst Weigh In

LNT has been the subject of several recent analyst reports. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. Barclays set a $74.00 price target 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 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. TD Cowen started coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. Finally, Wall Street Zen cut shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.