ABC Arbitrage SA Takes $2.86 Million Position in Alliant Energy Corporation $LNT

ABC Arbitrage SA acquired a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 44,055 shares of the company’s stock, valued at approximately $2,864,000.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC grew its holdings in shares of Alliant Energy by 103.8% during the 1st quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after purchasing an additional 33,978 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Alliant Energy by 98.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after acquiring an additional 538,603 shares in the last quarter. Empowered Funds LLC increased its position in shares of Alliant Energy by 18.8% in the first quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock worth $397,000 after acquiring an additional 974 shares in the last quarter. Woodline Partners LP raised its stake in shares of Alliant Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after acquiring an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Alliant Energy by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock valued at $81,000 after acquiring an additional 239 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LNT has been the subject of a number of research reports. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a research note on Monday, May 4th. Royal Bank Of Canada assumed coverage on Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 target price for the company. Barclays set a $74.00 price target on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Trading Up 1.0%

NASDAQ:LNT opened at $72.47 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. Alliant Energy Corporation has a one year low of $58.97 and a one year high of $75.76. The business’s 50-day simple moving average is $71.92 and its 200 day simple moving average is $68.84. The stock has a market cap of $18.72 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.93 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm earned $0.83 EPS. Alliant Energy’s quarterly 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. As a group, sell-side analysts predict that Alliant Energy Corporation will post 3.42 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is presently 67.08%.

About Alliant Energy

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.