Everett Harris & Co. CA Makes New $1.24 Million Investment in Alliant Energy Corporation $LNT

Everett Harris & Co. CA bought a new position in Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,272 shares of the company’s stock, valued at approximately $1,241,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC grew its position in Alliant Energy by 103.8% during the 1st quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock valued at $4,292,000 after purchasing an additional 33,978 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 buying an additional 538,603 shares during the last quarter. Empowered Funds LLC raised its holdings in 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 buying an additional 974 shares during the last quarter. Woodline Partners LP raised its holdings in Alliant Energy by 40.7% in the first quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock worth $1,395,000 after buying an additional 6,269 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Alliant Energy by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after buying an additional 239 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. TD Cowen began coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective for the company. BMO Capital Markets lowered their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, Mizuho reduced their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

Alliant Energy Stock Performance

Shares of LNT stock opened at $70.60 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average price of $73.65 and a 200-day moving average price of $72.03. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81. The firm has a market capitalization of $18.31 billion, a PE ratio of 22.34, a P/E/G ratio of 2.61 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.535 per share. The ex-dividend date is Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s payout ratio is currently 67.72%.

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.