Allstate Corp Raises Stock Holdings in Alliant Energy Corporation $LNT

Allstate Corp boosted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 86.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,648 shares of the company’s stock after buying an additional 8,175 shares during the period. Allstate Corp’s holdings in Alliant Energy were worth $1,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Magellan Asset Management Ltd grew its position in shares of Alliant Energy by 802.8% during the third quarter. Magellan Asset Management Ltd now owns 1,553,695 shares of the company’s stock worth $104,735,000 after buying an additional 1,381,593 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Alliant Energy in the second quarter valued at $82,265,000. Jennison Associates LLC grew its holdings in Alliant Energy by 92.5% in the fourth quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock valued at $117,357,000 after purchasing an additional 867,256 shares during the last quarter. Reaves W H & Co. Inc. boosted its stake in shares of Alliant Energy by 54.3% during the third quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock valued at $119,928,000 after acquiring an additional 626,410 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after acquiring an additional 538,603 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of research reports. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Royal Bank Of Canada assumed coverage on Alliant Energy in a research note on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective for the company. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a report on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Scotiabank reissued a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Trading Down 0.8%

LNT stock opened at $71.61 on Friday. The business has a fifty day moving average price of $72.14 and a 200 day moving average price of $69.33. Alliant Energy Corporation has a fifty-two week low of $59.62 and a fifty-two week high of $75.76. The stock has a market capitalization of $18.50 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 2.94 and a beta of 0.58. 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 released its quarterly earnings results 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 analysts’ expectations of $1.08 billion. During the same period last year, the firm posted $0.83 EPS. The business’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. Analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is 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.