Brasada Capital Management LP Makes New $6.53 Million Investment in Alliant Energy Corporation $LNT

Brasada Capital Management LP bought a new position in Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, HoldingsChannel.com reports. The fund bought 85,561 shares of the company’s stock, valued at approximately $6,527,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Delta Global Management LP bought a new position in shares of Alliant Energy in the first quarter worth approximately $2,512,000. Vanguard Group Inc. increased its position in shares of Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after acquiring an additional 383,612 shares in the last quarter. Nicholas Company Inc. bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $5,736,000. The Manufacturers Life Insurance Company bought a new stake in shares of Alliant Energy during the second quarter valued at approximately $47,562,000. Finally, Reaves W H & Co. Inc. raised its holdings in Alliant Energy by 71.8% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock worth $198,752,000 after acquiring an additional 1,278,166 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Performance

Shares of LNT stock opened at $68.21 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 $72.96 and a 200-day moving average price of $72.23. 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 $17.69 billion, a PE ratio of 21.59, a P/E/G ratio of 2.56 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 company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s dividend payout ratio is presently 67.72%.

Wall Street Analyst Weigh In

LNT has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Alliant Energy in a research report on Thursday. BMO Capital Markets reduced their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Finally, Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.00.

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.