Mitsubishi UFJ Asset Management Co. Ltd. Takes $47.61 Million Position in Alliant Energy Corporation $LNT

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 624,035 shares of the company’s stock, valued at approximately $47,608,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.24% of Alliant Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of LNT. Cedar Mountain Advisors LLC bought a new stake in Alliant Energy in the 2nd quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in Alliant Energy during the 2nd quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new position in Alliant Energy in the 3rd quarter worth about $27,000. Western Wealth Management LLC bought a new position in Alliant Energy in the 1st quarter worth about $41,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.2%

LNT stock opened at $70.15 on Thursday. The firm’s 50-day moving average is $73.52 and its two-hundred day moving average is $72.14. The company has a market capitalization of $18.19 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 2.60 and a beta of 0.55. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41.

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

Alliant Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

LNT has been the topic of a number of recent analyst reports. TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. Scotiabank restated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Mizuho cut 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. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings lowered Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Alliant Energy has a consensus rating of “Moderate Buy” and an average target price of $76.82.

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.