17,082 Shares in Alliant Energy Corporation $LNT Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,082 shares of the company’s stock, valued at approximately $1,081,000.

Several other institutional investors have also modified their holdings of the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Alliant Energy in the 2nd quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in Alliant Energy during the second quarter worth $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Alliant Energy during the second quarter worth $32,000. Continuum Advisory LLC purchased a new stake in Alliant Energy during the second quarter worth $40,000. Finally, Western Wealth Management LLC purchased a new stake in Alliant Energy during the first quarter worth $41,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $75.00 target price on shares of Alliant Energy in a report on Wednesday. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 20th. Weiss Ratings lowered shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Mizuho decreased their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada set a $75.00 price objective on shares of Alliant Energy in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.09.

Alliant Energy Trading Down 0.6%

Shares of LNT opened at $67.10 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. The firm has a 50 day simple moving average of $67.01 and a 200-day simple moving average of $71.05. Alliant Energy Corporation has a 1-year low of $62.54 and a 1-year high of $78.81. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 2.84 and a beta of 0.52.

Alliant Energy (NASDAQ:LNT) last issued 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. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. During the same period in the previous year, the firm posted $0.68 EPS. The company’s quarterly revenue 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. Equities analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Profile

Alliant Energy Corporation is a regulated energy holding company headquartered in Madison, Wisconsin. Through its utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

The company generates and distributes electricity through a diverse portfolio that includes wind, solar, natural gas, and other generation resources. It also operates electric transmission and distribution networks and natural gas distribution systems, while investing in renewable energy and infrastructure modernization to support a more sustainable energy mix and reliable service.

Alliant Energy traces its history to the utility businesses that became part of the company through a series of mergers and reorganizations, including the formation of Alliant Energy Corporation in the late 1990s.