Dearborn Partners LLC Buys Shares of 137,070 Alliant Energy Corporation $LNT

Dearborn Partners LLC purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, Holdings Channel reports. The fund purchased 137,070 shares of the company’s stock, valued at approximately $10,457,000.

Several other institutional investors and hedge funds also recently modified their holdings of LNT. Equitable Holdings Inc. bought a new stake in shares of Alliant Energy during the second quarter valued at about $1,026,000. Brasada Capital Management LP acquired a new stake in Alliant Energy in the second quarter worth about $6,527,000. Coastal Bridge Advisors LLC bought a new position in Alliant Energy in the 2nd quarter valued at about $364,000. Public Employees Retirement System of Ohio bought a new position in Alliant Energy in the 2nd quarter valued at about $6,103,000. Finally, Pure Financial Advisors LLC bought a new position in Alliant Energy during the 2nd quarter valued at $331,000. Institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

LNT has been the topic of several research analyst reports. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. BMO Capital Markets decreased their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Mizuho lowered their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Scotiabank reiterated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price target on shares of Alliant Energy in a report on Thursday. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Alliant Energy Price Performance

NASDAQ LNT opened at $68.21 on Friday. The stock has a market capitalization of $17.69 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.56 and a beta of 0.55. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81. The business’s fifty day moving average is $72.96 and its two-hundred day moving average is $72.23. 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 (NASDAQ:LNT) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share 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 business had revenue of $971.00 million during the quarter, compared to analyst estimates of $896.94 million. During the same period last year, the company posted $0.68 EPS. The company’s 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. On average, research analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, July 31st. Alliant Energy’s payout ratio is presently 67.72%.

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.