Alliant Energy Corporation $LNT Position Increased by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,325 shares of the company’s stock after buying an additional 7,599 shares during the quarter. Wealthfront Advisers LLC’s holdings in Alliant Energy were worth $6,132,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 buying an additional 383,612 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Alliant Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after buying an additional 167,581 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Alliant Energy by 5.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after purchasing an additional 215,188 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Alliant Energy by 2.9% in the third quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock worth $133,453,000 after purchasing an additional 55,489 shares in the last quarter. Finally, Reaves W H & Co. Inc. lifted its position in shares of Alliant Energy by 54.3% in the third quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock worth $119,928,000 after purchasing an additional 626,410 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 2.0%

NASDAQ:LNT opened at $73.43 on Friday. The stock’s 50 day moving average price is $71.84 and its 200 day moving average price is $68.69. Alliant Energy Corporation has a 52 week low of $58.97 and a 52 week high of $74.40. The company has a market capitalization of $18.97 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.94 and a beta of 0.61. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts forecast that Alliant Energy Corporation will post 3.42 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is 67.94%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $79.00 price target (up from $78.00) on shares of Alliant Energy in a research report on Friday, April 17th. Argus reissued a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th. Mizuho increased their price target on shares of Alliant Energy from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, March 16th. Royal Bank Of Canada assumed coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target for the company. Finally, Wall Street Zen lowered shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 25th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.44.

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.