Alliant Energy Corporation $LNT Shares Acquired by Vestcor Inc

Vestcor Inc lifted its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 296.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,231 shares of the company’s stock after acquiring an additional 25,600 shares during the period. Vestcor Inc’s holdings in Alliant Energy were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pinebridge Investments LLC acquired a new stake in shares of Alliant Energy during the 4th quarter worth approximately $724,000. Parallel Advisors LLC grew its stake in shares of Alliant Energy by 53.4% during the 4th quarter. Parallel Advisors LLC now owns 2,836 shares of the company’s stock worth $184,000 after purchasing an additional 987 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of Alliant Energy by 11.3% during the 4th quarter. J.W. Cole Advisors Inc. now owns 50,124 shares of the company’s stock worth $3,170,000 after purchasing an additional 5,107 shares during the period. Vise Technologies Inc. acquired a new stake in shares of Alliant Energy during the 4th quarter worth approximately $438,000. Finally, Magellan Asset Management Ltd lifted its position in shares of Alliant Energy by 40.3% during the 4th quarter. Magellan Asset Management Ltd now owns 2,180,425 shares of the company’s stock valued at $141,749,000 after buying an additional 626,730 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

Alliant Energy stock opened at $72.87 on Monday. The company’s fifty day moving average price is $72.28 and its 200 day moving average price is $69.46. Alliant Energy Corporation has a 1 year low of $59.62 and a 1 year high of $75.76. The stock has a market capitalization of $18.82 billion, a P/E ratio of 22.84, a P/E/G ratio of 2.97 and a beta of 0.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a $0.535 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) is presently 67.08%.

Analysts Set New Price Targets

LNT has been the topic of a number of research analyst reports. Barclays set a $74.00 price target on shares of Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Mizuho set a $76.00 price target on shares of Alliant Energy in a research note on Monday, May 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a research note on Tuesday, April 21st. BMO Capital Markets set a $81.00 price target on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Scotiabank reissued a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Company 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.