Meeder Advisory Services Inc. Makes New Investment in Alliant Energy Corporation $LNT

Meeder Advisory Services Inc. purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,921 shares of the company’s stock, valued at approximately $1,215,000.

Other hedge funds also recently made changes to their positions in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Alliant Energy in the 2nd quarter valued at about $26,000. Clearstead Trust LLC purchased a new stake in Alliant Energy in the second quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy in the third quarter valued at approximately $27,000. Western Wealth Management LLC purchased a new position in shares of Alliant Energy during the first quarter worth approximately $41,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Alliant Energy by 235.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after acquiring an additional 445 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

LNT has been the subject of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Scotiabank restated 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. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, Mizuho lowered their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Alliant Energy Stock Up 0.2%

LNT opened at $70.15 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. Alliant Energy Corporation has a 12 month low of $63.28 and a 12 month high of $78.81. The stock has a market capitalization of $18.19 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.60 and a beta of 0.55. The business has a 50 day simple moving average of $73.52 and a 200-day simple moving average of $72.14.

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

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. Alliant Energy’s payout ratio is currently 67.72%.

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.