Empowered Funds LLC Takes $975,000 Position in Alliant Energy Corporation $LNT

Empowered Funds LLC bought a new position in Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,779 shares of the company’s stock, valued at approximately $975,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Delta Global Management LP acquired a new stake in shares of Alliant Energy during the first quarter worth approximately $2,512,000. The Manufacturers Life Insurance Company bought a new stake in shares of Alliant Energy in the 2nd quarter valued at $47,562,000. Nicholas Company Inc. acquired a new position in shares of Alliant Energy in the fourth quarter valued at approximately $5,736,000. Reaves W H & Co. Inc. boosted its stake 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 purchasing an additional 1,278,166 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Alliant Energy in the 1st quarter valued at about $2,102,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Down 0.0%

Shares of Alliant Energy stock opened at $67.97 on Friday. The stock’s 50-day simple moving average is $72.12 and its 200 day simple moving average is $72.17. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. Alliant Energy Corporation has a 52-week low of $63.28 and a 52-week high of $78.81. The stock has a market capitalization of $17.62 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.86 and a beta of 0.54.

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

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a $0.535 dividend. 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 67.72%.

Analyst Ratings Changes

Several research firms have issued reports on LNT. TD Cowen started coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of Alliant Energy in a research note on Thursday, August 27th. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Weiss Ratings lowered shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, Mizuho dropped their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently 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.